http://knowledge.wharton.upenn.edu/ Knowledge@Wharton is an online resource that offers the latest business insights, information, and research from a variety of sources. Content includes analysis of current business trends, interviews with industry leaders and faculty, articles based on the most recent business research, book reviews, conference and seminar reports, and links to other websites. en-us Copyright (c) 2009 The Wharton School of the University of Pennsylvania http://www.wharton.upenn.edu/faculty/ittner_christopher.jpg http://www.wharton.upenn.edu/faculty/ 125 45 Wharton Faculty Research Law and Public Policy http://knowledge.wharton.upenn.edu/article.cfm?articleid=774&source=rss To endure and build long-term value for shareholders, companies must also do well by society, according to speakers at a recent symposium titled, “Building and Valuing a Firm’s Sustainability Strategies,” sponsored by the Wharton Social Impact Management Initiative. Poverty, globalization and the environment all have an impact on business, yet are often perceived as issues that fall beyond the responsibility of corporate management. That shouldn’t be the case, argued symposium participants, who discussed the challenges of operating within the context of a worldwide community. Mon, 19 May 2003 00:00:00 EST Finance and Investment http://knowledge.wharton.upenn.edu/article.cfm?articleid=322&source=rss Now that employees in many dot-com companies have suddenly found their stock options to be substantially “out of the money,” is it time to announce the death of stock options as an integral component of compensation packages? Not so fast, argue Wharton accounting professors Christopher Ittner, Richard Lambert and David Larcker in a new paper that studies whether the performance of new economy firms is related to the level of equity grants to employees. Mon, 19 Mar 2001 14:05:07 EST Finance and Investment http://knowledge.wharton.upenn.edu/article.cfm?articleid=279&source=rss Choosing performance measures is a challenge. Performance measurement systems play a key role in developing strategy, evaluating the achievement of organizational objectives and compensating managers. Yet many managers feel traditional financially oriented systems no longer work adequately. A recent survey of U.S. financial services companies found most were not satisfied with their measurement systems. In an article on Oct. 16, 2000, in the Financial Times’ Mastering Management series, Wharton accounting professors Christopher Ittner and David Larcker suggest that financial data have limitations as a measure of company performance. The two note that other measures, such as quality, may be better at forecasting, but can be difficult to implement. Wed, 06 Dec 2000 14:31:39 EST