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Misum Forum 2023

On September 29, join Mistra Center for Sustainable Markets (Misum) for the 2023 edition of the annual Misum Forum, the flagship sustainability conference at the Stockholm School of Economics. Internationally renowned academic speakers and industry leaders will convene to discuss the role of firms in shaping an equitable and sustainable economy.

Reimagining capitalism: How to measure performance in a new moral economy

Widespread social inequalities, environmental degradation, and democratic instability have led scholars, progressive business leaders and civil society alike to advocate for a radical reform of capitalism, seeking to re-embed the economy into society.

What role do businesses play in reshaping capitalism towards a fairer and more sustainable economic system? One key element is redefining the purpose of the firm, shifting away from maximizing profits and shareholder returns and towards actively addressing social and ecological challenges. Authentic, purpose-driven enterprises are what this year’s keynote speaker, Prof. Rebecca Henderson (Harvard Business School), refers to as moral firms, committed to prosocial and pro-environmental goals.

The Misum Forum 2023 will bring together multi-disciplinary organizational research as well as insights from business practice to explore how mission-led firms can support the systemic transformation of capitalism as we currently know it towards a moral political economy.

Misum Forum 2023 keynote speaker:

Professor Rebecca Henderson, John and Natty McArthur University Professor, Harvard Business School 

Prof. Rebecca Henderson is one of only 25 individuals to hold the esteemed title of University Professor at Harvard University. She is also a research fellow at the National Bureau of Economic Research and a fellow of both the British Academy and American Academies of Arts and Sciences.

This year's Misum Forum theme exploring the private sector's role in 'purpose-driven' capitalism is inspired by Prof. Henderson's work, especially her acclaimed 2020 publication, "Reimagining Capitalism in a World on Fire".

Distinguished speakers:

Prof. Patrick Bolton, Research Director, Centre for Climate Finance & Investment and, Professor of Finance & Economics, Imperial College Business School.

Prof. Patrick Bolton's research focuses on contract theory and corporate finance. In his work, he explores complex economic phenomena, providing insights into various aspects of financial systems and their implications for both organizations and broader societal contexts. Recent research includes global pricing of carbon-transition risk as well as restructuring techniques that could be used towards the planetary effort to fight climate change.

Prof. Harrison Hong, John R. Eckel, Jr. Professor of Financial Economics at Columbia University.

With expertise in behavioral finance and asset pricing, Prof. Hong's research delves into the impact of psychological biases on financial markets and investor behavior. Through his work, he illuminates how these factors influence market dynamics and investment decisions, making significant contributions to both academic understanding and real-world applications in finance.

Prof. Juliane Reinecke, Professor of Management Studies Saïd Business School, University of Oxford.

Juliane's research focuses on how transnational governance institutions emerge and evolve as a result of the interactions of multiple stakeholders to promote more just and sustainable forms of globalization in global supply chains, but also organizations in general.

Industry speakers:

Moderator:

Torkel Strömsten, Associate Professor of Accounting and Misum Accounting Frameworks Research Platform Director

Misum