Biography
Dr. Maretno Agus "Augus" Harjoto received his PhD in economics from the University
of Kentucky in 2002. Dr. Harjoto and colleagues were the recipients of 2021 Inaugural
S&P Global Academic ESG Research Award. Dr. Harjoto received the 2009 Moskowitz Prize
Award and the 2019-2021 Denney Chair Professorship. He was awarded the Howard A. White
category 2 teaching award in 2011.
He has published over sixty refereed research publications in various well-regarded
journals such as Journal of Management, Journal of Corporate Finance, Financial Management,
Journal of Banking & Finance, Journal of Financial Research, Financial Review, Journal
of Business Ethics, Business Ethics, the Environment & Responsibility, Journal of
Business Research, Review of Managerial Science, and Advances in Accounting. His research
expertise on environmental, social and governance (ESG) and board diversity received
media coverage by the New York Times and Fortune.
Research
Current Research or Project:
Arimond, Alexander, Damian Borth, M. Harjoto, Andreas Hoepner, Michael Klawunn, and
Stefan Weisheit. Neural Networks and Value-at-Risk in Asset Management.
Harjoto, M., Indrarini Laksmana, Hoyoung Kim. Lobbying and Political Risk Disclosure:
Do Socially Responsible Firms Disclose More?
Harjoto, M., Hoyoung Kim. Indrarini Laksmana. Does Political Risk Disclosure Signal
CEO Overconfidence, Cost Structure Choice, and Future Performance?
Harjoto, M. The Behavioral Agency Model and the Moderating Effect of Social Capital
on Corporate Climate Change.
Recent Publications:
Guisande, D. Harjoto, M., Andreas Hoepner, and Conall O’Sullivan. "Ethics and banking: Do banks divest their kind?" Journal of Business Ethics (ABS 3, ABDC A, & FT50), forthcoming.
Jain, T., Zaman, R., & Harjoto, M. (2023). "Behavioral Agency Theory and Corporate Social Irresponsibility: Uncovering the Implication
of Fairness in CEO compensation". Journal of Management (ABS 4*, ABDC A*, & FT50), forthcoming.
Leung, T., Ng., A., Hoepner, A., & Harjoto, M. (2023). "Towards Theorising Corporate Social Irresponsibility: The Déjà Vu Cases of Collapsed
Forestry Ventures." Business Ethics, the Environment and Responsibility (ABS 2, ABDC B), forthcoming.
Harjoto, M., & Laksmana, I. (2023). "The impact of COVID-19 restrictions on audit fees and audit delay: Evidence from
auditor local offices." Managerial Auditing Journal (ABS 2, ABDC A), 38(4), 447-473.
Laksmana, I., Harjoto, M., & Kim, H. (2023). "Managing disclosure of political risk: The case of socially responsible firms." Journal of Business Research (ABS 3, ABDC A),154, 113366. Available at https://www.sciencedirect.com/science/article/pii/S0148296322008311
Editorship:
Associate Editor at the Review of Managerial Science (RMS) (ABS2, Impact Factor 5.5)
Editorial Board at the Journal of Business Ethics (JBE) (FT50, ABS3, Impact Factor 8.1)
Editorial Board at the Advances in Accounting (AIA) (ABS2, Impact Factor 1.6)
Awards
The 2021 Inaugural S&P Global Academic ESG Research Award from the S&P Global
The 2019-2021 Denney Professorship Academic Research Award from the Graziadio Business
School, Pepperdine University.
The 2018 and 2019 Web of Science Top Reviewer in Business and Economics
The 2015-2017 Denney Professorship Academic Research Award from the Graziadio Business
School, Pepperdine University.
The 2017 John Nicks Faculty Service Award from the Graziadio Business School, Pepperdine
University.
The 2015 Golden Torch Faculty Teaching Award from the Graziadio Business School (awarded
based on students votes), Pepperdine University.
The 2012 Rothschild Applied Research Fellow Award from the Graziadio Business School,
Pepperdine University.
The 2011 Howard A. White Teaching Award, Pepperdine University (University Level teaching
award. Awarded for one faculty in the entire School per academic year).
The 2011 Julian Virtue Professorship Research Award from the Graziadio Business School,
Pepperdine University.
The 2010 Rothschild Applied Research Fellow Award from the Graziadio Business School,
Pepperdine University.
The 2009 Moskowitz Prize Winner for the research on The Economics and Politics of Corporate Social Performance.
Presentations
The Behavioral Agency Model and the Moderating Effect of Social Capital on Corporate
Climate Change. 2023 Academy of Management (AOM) Annual Conference, Boston, MA.
Economic Policy Uncertainty and Environmental, Social, and Governance (ESG) Disclosure:
The Moderating Effect of Board Network Centrality. 2022 American Accounting Association
(AAA) Annual Conference, San Diego, CA.
Corporate social irresponsibility (CSiR): Does CEO compensation matter? 2021 Academy
of Management (AOM) Annual Conference.
Mending the Gap between CSR Precedence and the UN SDG Targets: Natural Resources Use,
Emissions, and Firm Performance. 2020 American Accounting Association Annual Conference
(AAA), Online.
Do Socially Responsible Firm Walk the Talk? CSR Performance and Defined Benefit Pension
Policies. 2020 Academy of Management (AOM) Annual Conference (Social Issue in Management
Division), Online
A Stakeholder Resource-based View of CSI: Evidence from Shareholder Value Destruction
in China. 2019 Academy of Management (AOM) Annual Conference, Boston, MA.
Corporate Social Responsibility and Stock Split. Presented at the American Accounting
Association (AAA) 2018 Annual Conference, Washington D.C., August 7, 2018.
Religiosity, Female Directors, and Corporate Social Responsibility for Italian Listed
Companies. Presented at the European Business Ethics Network (EBEN) Annual Conference,
Tilburg University, Tilburg, The Netherlands, June 29, 2018.
The Determinants of Social Impact Enterprises: Evidence from the B Lab Certification
in the United States. Presented at the International Association for Business & Society
(IABS) 2017 Annual Conference, Amsterdam Business School, University of Amsterdam,
The Netherlands, June 30, 2017.
Corporate Social Responsibility and Corporate Fraud. Presented at the European Business
Ethics Network (EBEN) Annual Conference, Nottingham Trent University, Nottingham UK,
June 21, 2016.
Corporate Social Responsibility, Risk Taking, and Firm Value. Presented at the Academy
of Management (AOM) Annual Conference (SIM 20266), Vancouver, Canada, August 11, 2015.
Academy of Management Proceedings
The Impact of Demographic Characteristics of CEOs and Directors on Audit Fee and Audit
Delay. Presented at the Academy of Management (AOM) Annual Conference (GDO 10231),
Vancouver, Canada, August 11, 2015.
Media
No, ‘Wokeness’ Did Not Cause Silicon Valley Bank’s Collapse. The New York Times, by Linda Qiu, March 16, 2023, p. A20.
Study finds a diverse corporate boards rein in risk, good for shareholders. Fortune, by Michael Casey, July 30, 2014.
PE- and VC-Backed Have Significantly Stronger Sales and Job Growth, December 7, 2012.
New Study Examining Financial Performance, Social Performance, and Social Pressure
Wins Prize for Socially Responsible Investment Research, November 13, 2009.
