Assistant Professor, General Management, Managerial Accounting and Control & Sustainability
Diane-Laure Arjaliès is an assistant professor at the Ivey Business School. Diane-Laure belongs to the ‘Managerial Accounting and Control’, ‘Sustainability’ and ‘General Management’ groups of Ivey – a cross-disciplinary appointment that reflects her research and teaching. Diane-Laure aims to push the boundaries of knowledge by investigating the latest social innovations in finance and accounting. Over the past decade, she has studied the emergence of responsible investing, carbon accounting, biodiversity accounting, integrated reporting and local and complementary currencies. Diane-Laure aims to understand how the fashioning of new devices and/or collective actions can help transform markets towards sustainability. Her work in this area has won her several academic and professional prizes. Ethnographer by training, Diane-Laure enjoys doing field research and sharing her experience with practitioners and students. She has recently been appointed by the French Ministry for Finance and Economy to the Scientific Committee of the French SRI label. She is also a board member of the French Social Investment Forum and a Jury member of the FIR-PRI Finance and Sustainability Awards.
- HBA2: Corporations&Society – Sustainable Finance
- HBA2: Assessing the Broader Impact of Business
- MBA: Sustainable Finance – Building the Business of the 21st Century
- PhD, ESSEC Business School & University Paris Ouest Nanterre la Defense
- MBA & MSc in Management, ESSEC Business School
- MPhil in Organizational Theory, University Paris Ouest Nanterre la Defense
Recent Refereed Articles
2014, "Challengers from within Economic Institutions: A Second-Class Social movement? A Response to Déjean, Giamporcaro, Gond, Leca and Penalva-Icher’s Comment on French SRI", Journal of Business Ethics, August 123(2): 257 - 262.
Abstract: In a recent comment made about my paper “A Social Movement Perspective on Finance: How Socially Responsible Invetsment Mattered” (J Bus Ethics 92:57–78, 2010), published in this journal, Déjean, Giamporcaro, Gond, Leca and Penalva-Icher (J Bus Ethics 112: 205-212, 2013) strongly criticize the social movement perspective adopted on French SRI. They both contest the empirical analysis of the movement and the possibility for insiders to trigger institutional change towards sustainability. This answer aims to address the different concerns raised throughout their comment and illuminate the differences between both approaches. It first explains why SRI in France can be considered as a social movement, despite not being protest-oriented. It then reflects on the dangers of systematically associating societal change with radical activism. It concludes by elaborating on the importance of acknowledging the potential contribution of reformist movements from within the economic institutions to the enhancement of the social good.
Link(s) to publication:
Arjalies, D-L., Mundy, J.,
2013, "The Use of Management Control Systems to Formulate and Implement CSR Strategy: A Levers of Control Perspective", Management Accounting Research, December 24(4): 284 - 300.
Abstract: Little is known about the role of management control systems (MCS) in managing the strategic processes that underpin Corporate Social Responsibility (CSR). To enhance our understanding of this phenomenon, this study employs Simons’ (1995) levers of control framework to explore how organizations leverage MCS in different ways in order to drive strategic renewal and trigger organizational change while simultaneously supporting society’s broader sustainability agenda. Drawing on data gathered from France’s largest listed companies – members of the CAC 40 – we provide insights into the structures and processes that companies employ to design, implement and monitor their CSR strategy. In doing so, we provide evidence of the way that organisations seek to attain their CSR objectives, and of the relationship between the management of CSR and other business processes. Of particular interest is the role of the levers of control in enabling managers to identify and manage threats and opportunities associated with CSR strategy, thus forming risk management processes that support organisations in their attainment of strategic objectives. Furthermore, the study provides evidence suggesting the use of MCS has the potential to contribute to society’s broader sustainability agenda through processes that enable innovation, communication, reporting, and the identification of threats and opportunities.
Link(s) to publication:
Arjalies, D-L., Hobeika, S, Ponssard, J.P., Poret, S.,
2013, "Le rôle de la labellisation dans la construction d’un marché: Le cas de l’ISR en France, [The role of labellisation in the design of a market: The case of SRI in France]", Revue Francaise de Gestion, October 39(236): 93 - 107.
Abstract: French Abstract: L’Investissement Socialement Responsable (ISR) en France reste peu développé pour les investisseurs particuliers, en dépit d’une croissance forte des fonds ISR et du lancement de labels à leur intention. L’objectif de cet article est de mieux comprendre le rôle limité des labels. Notre analyse s’appuie sur l’interaction entre trois éléments: label et asymétrie d’information, choix des attributs informationnels des labels et objectifs des organismes porteurs de labellisation, concurrence induite entre labels. Deux facteurs expliquent l’impact limité des labels. D’une part, les attributs informationnels mis en évidence par les labels reflètent plus le point de vue des sociétés de gestion que celui des investisseurs particuliers. D’autre part, la distribution de l’ISR auprès des particuliers passe majoritairement par les réseaux des banques et assurances, réseaux pour lesquels il ne constitue pas un véritable axe de différenciation concurrentielle. English Abstract: The attractiveness of SRI (Socially Responsible Investment) for retail investors in France has remained limited in spite of the launch of labeling schemes and a substantial growth of SRI funds. The article analyzes why the labeling impact has been limited. Our framework is based on the interaction of three elements: labels and information asymmetry, the labeling organizations and the selection of information attributes, the induced competition between labels. Two main factors explain the limited impact of labels. First, the information attributes disclosed by the labels reflect the viewpoint of asset managers rather than the one of retail investors. Second, the distribution of SRI by banking and insurance networks is not a factor of competitive advantage.
Link(s) to publication:
2012, "Qu’est-ce que l’Investissement Socialement Responsable? [What is Socially Responsible
Investment?]", La Revue du Financier, January/February 34(193): 7 - 19.
Abstract: Cet article étudie l’évolution des formes et des objectifs de l’Investissement socialement responsable (ISR) aux États-Unis et en Europe des années 1920 jusqu’à nos jours. En s’intéressant à la fois aux fondements théoriques et aux caractéristiques des fonds ISR au cours du temps, il dresse un panorama des différents types de fonds en fonction de leur appartenance à un référentiel sociétal ou économique. En montrant la complexité et la diversité de l’ISR d’hier et d’aujourd’hui, cet article permet de mieux appréhender les enjeux de définition et de légitimation rencontrés actuellement par les professionnels du secteur de la gestion d’actifs. This article studies the Socially Responsible Investment (SRI)’s forms and purposes from the 1920s until today in the United States and Europe. Studying both SRI Funds’ theoretical background and features, it provides an overview of the different types of SRI funds according to their societal or economic background. In doing so, the article offers a better understanding of the complexity and the diversity of SRI and of the problems faced today by the asset management sector.
Link(s) to publication:
Arjalies, D-L., Goubet, C., Ponssard, J.P.,
2011, "Approches stratégiques des émissions CO2: Les cas de l’industrie cimentière et de l’industrie chimique [Strategic Approaches of CO2 Emissions: The Cases of the Cement and Chemical Industries]", Revue Francaise de Gestion, June/July 37(215): 123 - 146.
Abstract: French: La capacité des entreprises à transformer une contrainte environnementale en source d’opportunité stratégique est un sujet controversé dans la littérature. S’appuyant sur une étude comparative des stratégies de lutte contre les émissions CO2 mises en place par les industries cimentière et chimique, l’article démontre que la latitude des entreprises à adopter une approche proactive face au développement durable est fortement contrainte par les caractéristiques du secteur en termes de dépendance vis-à-vis des ressources naturelles, de flexibilité dans la composition du portefeuille d’activités et de structure du secteur aval. English: The ability of firms to transform an environmental constraint into a strategic opportunity has been a controversial issue in the literature. Based on a comparative study of CO2 strategies in the cement and chemical industries, the article shows that the capacity of firms to be proactive regarding sustainable development is largely constrained by the characteristics of the sector in terms of dependence on natural resources, flexibility in the composition of activities portfolio and structure of the downstream sector.
Link(s) to publication:
2010, "A Social Movement Perspective on Finance: How Socially Responsible Investment Mattered", Journal of Business Ethics, March 92(1): 57 - 78.
Abstract: This study discusses how social movements can influence economic systems. Employing a political-cultural approach to markets, it purports that ‘compromise movements’ can help change existing institutions by proposing new ones. This study argues in favor of the role of social movements in reforming economic institutions. More precisely, Socially Responsible Investment (SRI) movements can help bring SRI concerns into financial institutions. A study of how the French SRI movement has been able to change entrenched institutional logics of the French asset management sector provides wide-ranging support for these arguments. Empirical findings are drawn from a longitudinal case study (1997-2009), based on participative observation, interviews and documentary evidence. Implications for research on social movements, institutional change and SRI are outlined. Lastly, the study provides practitioners with some theoretical keys to understand the pros and cons of ‘SRI labels’.
Honours & Awards
- 2016-now: Appointed by the French Ministry for Finance and Economy to the Scientific Committee of the “Socially Responsible Investment” (SRI) Label.
- 2016-now: Board Member “Independent Expert” of the French Social Investment Forum.
- 2012-now: Member and President of the jury of the academic prize of the FIR-PRI - Principles of Responsible Investment (UNEP Finance Initiative). > this one is already there but just the dates need to be changed.
- 2014: nominated for the Syntec management consulting best article award in the category “Management / Human Resources / Organization” for ‘Arjaliès, D-L., & Mundy J. (2013), The Use of Management Control Systems to Formulate and Implement CSR Strategy: A Levers of Control Perspective, Management Accounting Research, 24(4): 284-300’.
- 2012: nominated for the Syntec management consulting best article award in the category “Management / Human Resources / Organization” for ‘Arjaliès, D-L., Goubet C. & Ponssard, J-P. (2011). Approches stratégiques des émissions CO2: Les cas de l’industrie cimentière et de l’industrie chimique, Revue Française de Gestion, 2011, 6(215): 123-146’. Translated in English in June 2013
- Best Thesis Award European FIR-PRI (French Socially Responsible Investment Forum & Principles for Responsible Investment) 2011 (€5,000).
- Highly Commendable dissertation in the EFMD Emerald 2011 Outstanding Doctoral Research Awards in the Interdisciplinary Accounting Research (category sponsored by the Accounting, Auditing & Accountability Journal).
- Second prize in the 2011 European EDAMBA (European Doctoral Programmes Association in Management and Business Administration) Thesis Competition (€1,500). Others
- 2006-2009 - RI Analyst, Macif Gestion (Asset Management Company), France.
- 2004-2005 - Social Economy Operations Manager, Macif (Private Mutual Insurance), France.
- 2003 - Deputy Project Manager, Companieros (Ethical Educational Programs), France.