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Ioannis Ioannou

Associate Professor of Strategy and Entrepreneurship


BSc (Yale University), PhD (Harvard University)

Dr Ioannou is a strategy scholar whose research focuses on Sustainability and Corporate Social Responsibility (CSR). More specifically, he seeks to understand whether, how, and the extent to which the modern business organization contributes towards building a sustainable future. His academic work evolves around two main themes: a) understanding how investment analysts, and the public equity markets, perceive, evaluate and react to corporate engagement with, and integration of, environmental and social issues into strategy and b) understanding the multiple factors (e.g. institutional, regulatory, behavioral) that may affect, drive or hinder, the corporate decision to adopt environmentally and socially responsible strategies.


Dr Ioannou regularly publishes in top-tier peer-reviewed academic journals including the Strategic Management Journal, Management Science, Organization Science, The Accounting Review and the Journal of International Business Studies. He is currently a member of the Editorial Board of the Strategic Management Journal and in 2015 received an Outstanding Editorial Board Member Award for his service. He is also active on social media and a frequent contributor to articles in the popular and managerial press including outlets such as the Financial Times, The Guardian, and Forbes. In further recognition of his impactful work, Dr Ioannou has been shortlisted for the Future Thinker Award of Thinkers50, the first-ever global ranking of management thinkers whose mission is to recognize ideas that have the power to change the world.


A key contribution of his work is to theorize about and provide empirical evidence for the emergence of the “sustainable organization” (in a recent study published in Management Science, with G. Serafeim and B. Eccles). In addition to the emergence of the sustainable organization, Ioannou and co-authors provide solid evidence regarding significant long-term outperformance of this type of organization compared to the traditional corporate form, both in terms of operating as well as stock market performance. In a more recent study with C. Flammer, Dr Ioannou explores the impact of the Great Recession on long-term corporate strategies, revealing the critical role of investments in innovation and stakeholder relations during times of crisis. Specifically, the findings indicate that during the Great Recession, companies significantly reduced their workforce and capital expenditures. Yet, they maintained the same level of investments in R&D and CSR in an attempt to remain competitive during (and after) turbulent times.


His work on CSR and Access to Finance, with G. Serafeim and B. Cheng, has received the Best Paper Award at the Annual Academic Conference of the United Nations’ Principles for Responsible Investment while his work with O.Hawn received the Best Paper Award from the Social Issues in Management division of the Academy of Management and was published in the Best Paper Proceedings of the 2012 Academy of Management (AOM) meeting. Recently, his paper with O. Hawn and R. Durand presenting a general model of corporate responses to normative pressures as they relate to socio-environmental issues was published in the 2016 AOM Best Paper Proceedings. Previously Dr Ioannou had two more papers published in the AOM Best Paper Proceedings: his dissertation work on the impact of spinoffs on their parent companies in the US automobile industry (2009), and a paper with G. Serafeim on the Impact of CSR on Investment Recommendations (2010).


Dr Ioannou graduated magna cum laude from Yale University, majoring in Economics and Mathematics and holds a Ph.D. in Business Economics from Harvard University and the Harvard Business School. He taught on the MBA and EMBA Core Strategy courses at LBS, and several other degree programs such as the Masters in Finance degree, the Emerging Leaders Program and other senior executive programs. He is a regular contributor to multiple LBS executive education programmes including modules on Sustainability, which he teaches to the fellows of the World Economic Forum.


In addition to research, he often consults internationally with companies on how environmental, social and corporate governance strategies are strategically adopted, effectively embedded and successfully implemented. He is a member of the UK Network Rail’s External Transparency Challenge Panel and also, a member of the Prosperity Panel that advises the Minister of the Environment of Northern Ireland. He recently joined the Advisory Board of Ethical Corporation.

2016

Effect of target difficulty on target completion: the case of reducing carbon emissions

Ioannou I; Li S X; Serafeim G

Accounting Review 2016 Vol 91:5 p 1467-1497

2014

Corporate social responsibility and access to finance

Ioannou I; Serafeim G; Cheng B

Strategic Management Journal 2014 Vol 35:1 p 1-23

The impact of a corporate sustainability on organizational processes and performance

Serafeim G; Eccles R; Ioannou I

Management Science 2014 November Vol 60:11 p 2835-2857

2012

Do actions speak louder than words? The case of corporate social responsibility(CSR)

Hawn O; Ioannou I

Academy of Management Best Papers Proceedings 2012

What drives corporate social performance? The role of nation-level institutions

Ioannou I; Serafeim G

Journal of International Business Studies 2012 Vol 43 p 834-864

2011

Effects of capacity on sales under alternative supply contracts

Ioannou I; Mortimer J H; Mortimer R

Journal of Industrial Economics 2011 Vol 59:1 p 117-117

2010

Drivers of corporate sustainability and implications for capital markets

Ioannis I; Serafeim G

Book Chapter: In Eccles R G, Beiting C & Saltzman D eds., The Landscape of Integrated Reporting; reflections and next steps, CUP, 2010

The impact of corporate social responsibility on investment recommendations

Ioannou I

Academy of Management Best Papers Proceedings 2010

The profits of goodness

Ioannou I

Business Strategy Review 2010

2009

The impact of different types of spinoffs on firm survival: Evidence from the US automobile industry 1890-1986

Ioannou I

Best Paper Proceedings of the Academy of Management 2009

2007

A textbook example of international price discrimination

Ioannou I; Cabolis C; Celrides S; Shaft D

Economics Letters 2007 April Vol 95:1 p 91-91

Current


MBA



MIF


  • Strategy for Masters in Finance Elective


Previous


  • Sustainability Module – 1st year fellows World Economic Forum, Feb 2014

  • Fundamentals of Strategic Analysis, Emerging Leaders Programme (ELP), Jan-Jun 2013

  • Course Head: Core Strategy, Sep-Dec 2012

  • Core Strategy, Sep-Dec 2011

  • Core Strategy, Sep-Dec 2010

Research Awards


  • 2016 Advisory Board, Ethical Corporation

  • 2015 Outstanding Member Award: Strategic Management Journal Editorial Board

  • 2015 Representative-at-Large, Strategic Management Society, Stakeholder Theory IG (term: 2016-2018)

  • 2015 Member of UK Network Rail's External Transparency Challenge Panel

  • 2014 Member of Prosperity Panel, advising the Minister of the Environment of Northern Ireland

  • 2013 Short-listed for Thinkers 50 Future Thinker Award

  • 2012 Hawn & Ioannou (2011): Best Paper Award SIM Division - Academy of Management (2012)

  • 2011 Best Conference Paper, PRI-Mistra/SIRP Academic Conference, United Nations PRI

  • 2011 Best Reviewer Award, Academy of Management 2011, SIM Division

  • 2010 Ioannou & Serafeim (2010): Best Paper Proceedings of the Academy of Management (2010) – SIM

  • 2009 Ioannou (2008): Distinguished Student Paper Award, BPS Division, Academy of Management 2009

  • 2009 Ioannou (2008): Best Paper Proceedings of the Academy of Management (2009) – BPS Division

  • 2006 Nominated for Bok Prize, awarded to Best Teaching Fellow across all Harvard departments

  • 2005-2006 Three Certificates for Distinction in Teaching, Bok Center, Harvard University

  • 2003-2008 Harvard Business School (Wyss) Doctoral Student Fellowship

  • 1999-2003 CASP / Fulbright Scholar, full scholarship for undergraduate degree

Research Interests

  • Corporate social responsibility and social performance
  • Sustainability and sustainability reporting
  • Social innovation and entrepreneurship