Published and cited: Babson College faculty share their expertise on investing in women entrepreneurs, the need for digital responsibility, the impacts of unbanked individuals, and more.
Seeking Innovation? Invest in Women Entrepreneurs
A Poets & Quants article cited data from the most recent iteration of the Diana International Impact Report, co-authored by Candida Brush and Patricia Greene and released by the Center for Women’s Entrepreneurial Leadership.
Although entrepreneurial women now hold equal or majority ownership in nearly half of United States firms, most continue to experience difficulties in raising capital. The report also found less than 15% of venture capital-funded businesses have a woman on their team, less than 3% of funded businesses have a woman CEO, and more than 90% of investors are men.
“Investing in women entrepreneurs is an opportunity to expand innovation and economic development. We should create a new reality for the process and benefits of investing in women entrepreneurs,” Greene said.
A Need for Digital Responsibility
Professors Ruben Mancha, Steve Gordon, and David Nersessian co-wrote an article for AACSB’s BizEdmagazine on the need for personal responsibility in today’s ongoing digital transformation. Mancha, Gordon, and Nersessian write that business leaders who don’t understand how digital technology is created will not be able to ask the questions needed to responsibly use it, and that all organizations must be aware of ethical dangers these technologies present. Mancha, Gordon, and Nersessian outlined six principles to maneuver the digital landscape, which include digital ambidexterity, a capacity for learning, and a sense of self-awareness.
“The best professors are not only smart academics, but great communicators as well, able to explain complex concepts and challenging history in a way that is easy to understand.”
How Financial Services Can Affect Wealth Outcomes
Assistant Professor Luke Stein’s paper, titled “Financial Inclusion, Human Capital, and Wealth Accumulation: Evidence from the Freedman’s Savings Bank,” was published earlier this month in The Review of Financial Studies. Stein studies how access to financial services among a group of unbanked individuals can affect human capital, wealth outcomes, and the labor market. Data is used from Freedman’s Savings Bank, which was created following the Civil War to serve free African Americans.
The Top Writers Among Professors
Professor Tom Davenport was recognized as one of five professors who have authored compelling books by “The World’s Video Wiki.” Davenport’s research has included analytics, decision making, and artificial intelligence, and the article identifies Davenport’s books, Only Humans Need Apply and Big Data at Work, as his most notable works. “The best professors are not only smart academics, but great communicators as well, able to explain complex concepts and challenging history in a way that is easy to understand,” the article states.
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