The new business and society compact

Businesses exist in a social arena and the nature of this relationship is always evolving. While capitalism has undoubtedly led to tremendous global progress, it has also exacerbated some of our common challenges (e.g., excessive consumption and climate change, social inequities, and so on). My research tries to understand how we can soften the worst instincts of capitalism to make it more humane. It includes studying institutions (rules of the game) to ensure private enterprises continue to receive social licenses to operate. Corporate governance, social responsibility, sustainability, inclusion, entrepreneurship, and institutions are some of the common themes underlying my work.

Recent publications

Arora, P., Jain, T., & A. Gaur. (2024). Communalizing Private Costs: Ownership Concentration, Institutions, and Corporate Environmental Performance. Global Strategy Journal. DOI: 10.1002/gsj.1518.

Popli, M., Raithatha, M., & P. Arora. (2024). Institutional Imprints and Corporate Misconduct: Unravelling the Interplay of Economic History and Firm Choices on Earnings Manipulation in an Emerging Economy. Business & Society. DOI: 10.1177/00076503241286382.

Clark, C., Arora, P., Gabaldon, P. & T. Jain. (2024). Global social movements and Governance of Firm: Past, Present and Future. Corporate Governance- An International Review. DOI: 0.1111/corg.12625.

Arora, P., & Gaur, A. (2022). Peer directors’ effort, firm efficiency and performance of diversified firms: An efficacy-based view of governance. Journal of Business Research 151: 593-608.

Arora, P., & Stephen, S. (2022). In Defense of Capitalism: Modern Slavery Would be Much Worse without it. Business & Society. https://doi.org/10.1177/00076503211066589

Clark C., Arora P., & P. Gabaldon (2021). “Female Representation on Corporate Boards in Europe: The Interplay of Organizational Social Consciousness and Institutions”, Journal of Business Ethics. https://link.springer.com/article/10.1007/s10551-021-04898-x

Arora, P., & P. De (2020). “Environmental sustainability practices and exports: The interplay of strategy and institutions in Latin America”, Journal of World Business 55(4): 101094.

Arora, P. (2018). “Financially linked independent directors and bankruptcy reemergence: The role of director effort”, Journal of Management 44(7): 2665-2689.

(For a complete list, please visit the Google Scholar page).