Research @ Schulich

Get ready to explore the cutting edge of business, management and leadership research with our new podcast series – Research @ Schulich, your gateway to discovering cutting-edge academic insights and ground-breaking research. In each episode, Schulich’s world-class scholars take you behind the scenes of their transformative research, offering fresh perspectives on ideas shaping industries and driving organizational success.

Episodes

  1. Why Adam Smith Owned an Annuity …. and Perhaps You Should Too - - Moshe A. Milevsky On The Surprising Origins Of Modern Pensions

    2025-07-10

    Why Adam Smith Owned an Annuity …. and Perhaps You Should Too - - Moshe A. Milevsky On The Surprising Origins Of Modern Pensions

    When you think of "Scotland", what comes to mind? Maybe you think of the rugged Highlands of the north. Maybe you think of golf courses next to serene lochs (including one with a very famous monster). Maybe you think of kilt-clad heroes like William Wallace, walking next to those serene lochs or rugged Highlands while the sound of bagpipes plays faintly in the distance. But what about pensions? It may not be the first thing you think of – But maybe it should be… In the latest episode of the Research @ Schulich Podcast, we sit down with Schulich Professor Moshe A. Milevsky [AM1] (Professor of Finance and CIT Chair in Financial Services) to discuss his new book The Religious Roots of Longevity Risk Sharing: The Genesis of Annuity Funds in the Scottish Enlightenment and the Path to Modern Pension Management, which explores the Scottish (and religious) roots of modern pension planning. Professor Milevsky argues that a diverse group of 18th century Scottish clergymen, scientists, and intellectuals (affiliated with the Presbyterian Church of Scotland) pioneered the use of several innovative methods when setting up an annuity and widow’s pension, and that this “annuity scheme” laid the foundation for today’s longevity insurance and retirement systems. This wide-ranging (and entertaining) discussion covers topics as diverse as: Whether you're interested in finance, history, or retirement planning, this episode is a fascinating listen.Check it out here: LINKS[AM2]    Moshe’s book The Religious Roots of Longevity Risk Sharing: The Genesis of Annuity Funds in the Scottish Enlightenment, and the Path to Modern Pension Management can be purchased here. [EMBED LINK: https://link.springer.com/book/10.1007/978-3-031-62403-2[AM3] ] Works Cited in This Episode Milevsky, M. A. (2024). The religious roots of longevity risk sharing: The genesis of annuity funds in the Scottish Enlightenment and the path to modern pension management (1st ed.). Palgrave Macmillan. https://doi.org/10.1007/978-3-031-62403-2[AM4]  Milevsky, M. A. (2023). Adam Smith’sreversionary annuity: money’s worth, default options and auto-enrollment. Financial History Review, 30(2), 162–197. doi:10.1017/S0968565023000070 Milevsky, M. A., & Velazquez, M.(2024). Pensions and protestants: or why everything in retirement can’t be optimized. Annals of Actuarial Science, 1–20.doi:10.1017/S1748499524000290 Milevsky, M. A. (2017). Day theKing Defaulted. Palgrave Macmillan. https://link.springer.com/book/10.1007/978-3-319-59987-8#bibliographic-information Tags #Research #Pensions #FinancePodcast  #RetirementPlanning #Annuities #Schulich#EconomicHistory #PodcastRecommendations #SchulichResearch  [AM1]Link to Moshe’s Schulich bio https://schulich.yorku.ca/faculty/moshe-arye-milevsky/

    30 min
  2. It's a tough job, but somebody's got to do it” - Eileen Fischer on Emotional Work In Alternative Markets

    2025-06-24

    It's a tough job, but somebody's got to do it” - Eileen Fischer on Emotional Work In Alternative Markets

    A teacher assures a student that their low mark on a test isn’t the end of their academic career. A flight attendant makes small talk with passengers on a delayed flight. A security guard calmly escorts a trespasser from a building. A server puts on a smile and offers free entrees to a table of angry diners who have “been waiting for hours” for service. You’ve probably seen situations like this in real life – and  you may have even personally experienced several of these situations yourself. You may not know it, but these are all examples of “emotion work” – the process by which employees manage their own emotions to sustain and change a business or a market. But emotion work (or, as it’s more commonlyknown “emotional labour”), is a complex issue that goes beyond the service economy and transactions in shops and stores. Emotional labour also includes the work put in by volunteers, community organizers and “committed consumers" – individuals who voluntarily invest significant time and effort to uphold the principles and operations of alternative marketplaces, such as farmers markets. And while this may sound like a niche form of emotional labour, the work put in by volunteers to simply ensure that a community market stays active and running – and sticks to its principals – often matches the level of emotional labour used by staff at for-profit businesses.

    28 min
  3. Maxim Voronov on Distilling Authenticity In The Canadian Whisky Industry

    2025-03-05

    Maxim Voronov on Distilling Authenticity In The Canadian Whisky Industry

    The idea of “Authenticity” refers to the quality of being seen as real or genuine. Consumers crave authenticity, especially when it comes to hand-crafted or luxury products. Imagine being presented with the choice of two plates of sushi – one that comes from a Florida supermarket, and one that’s made by a skilled sushi chef who has trained for years in Japan. Which would you perceive as a more “authentic” plate of sushi?   Increasingly, authenticity has been seen as a source of competitive advantage for businesses. “Authenticity work” -the process by which businesses work to create and sustain believable authenticity claims – is an important part of how brands tell (and sell) their stories to consumers. Be it by highlighting “traditional” business practices, the genuineness of the staff, or how a product is made , authenticity and authenticity work has emerged as an important organizational practice in many industries.   The Canadian Whisky Industry (that’s ‘whiskey” without the “e”) is one area that trades heavily in authenticity. While some distilleries may promote their heritage and lineage, others may talk about the expertise of their team or new and unique processes. All of them have one goal in common – to be seen as an “authentic” brand in the minds of consumers, and reap the benefits associated with being a “true whisky” Find out how the lessons learned by distilleries in Canadian Whisky industry can be applied across the business world – and what you might need to do to present your brand or product as “authentic” in a believable way.

    27 min
  4. How Does “Climate Risk” Relate To “Credit Risk”?

    2024-12-02

    How Does “Climate Risk” Relate To “Credit Risk”?

    A large part of Canada’s economy is dependent on the extraction of fossil fuels. While some may associate the oil and gas industry with healthy financial returns and profitability, the resource extraction industry is facing risks. Risks that can come the in the form of climate change, carbon pricing, changing government regulations and stranded assets. In addition to environmental and social consequences, these risks also have financial consequences – who would want to lend money to a company that may go out of business or become unprofitable if public opinion or government policy shifts away from fossil fuels? How can banks and financers avoid “climate risk” and “credit risk”? Schulich School of Business Professor Olaf Weber (CIBC Chair in Sustainable Finance) has been researching this topic and has some insights to share on fossil fuels, sustainable finance and more on the next episode of the Research @ Schulich podcast   Works/Studies Mentioned In The Episode Hunt, C., & Weber, O. (2019). Fossil fuel divestment strategies: Financial and carbon related consequences. Organization & Environment, 32(1), 41–61. https://doi.org/10.1177/1086026618773985 Oyegunle, A., Weber, O., & ElAlfy, A. (2023). Carbon Costs and Credit Risk in a Resource-Based Economy: Carbon Cost Impact on the Z-Score of Canadian TSX 260 Companies. Journal of Management and Sustainability, 13(1). https://doi.org/10.5539/jms.v13n1p187

    25 min
  5. Indigenous Entrepreneurship In Canada: Restoring The Past. Featuring Professor Irene Henriques.

    2024-10-31

    Indigenous Entrepreneurship In Canada: Restoring The Past. Featuring Professor Irene Henriques.

    Canada prides itself on being a nation which promotes and encourages entrepreneurship and innovation. Businesses started by Canadian entrepreneurs – and the small and medium sized businesses that they create and operate – account for the vast majority of all Canadian jobs. Yet one segment of the population has, traditionally, been ignored by (and in some cases, prevented from becoming) entrepreneurs – Indigenous Canadians.   Fortunately, a new generation of Indigenous Canadians is working to change that.   Join Schulich professor Irene Henriques for a discussion of how Indigenous Canadians are working revive the vibrant economic traditions that Indigenous Canadians once engaged in before being disrupted by colonial practices, on this episode of the Research @ Schulich Podcast.   Listen to the “Research @ Schulich” podcast today at [https://podcasters.spotify.com/pod/show/podcasts-schulich]   Schulich – Reinventing Business Leadership.   ⁠Irene Henriques⁠ is a Professor of Sustainability & Economics at Schulich, and the Economics Area Coordinator.  Her highly interdisciplinary research interests span economics, stakeholder management and sustainability. Irene is currently examining the role that financial institutions, governments and businesses play in encouraging or discouraging social Indigenous entrepreneurs. Her papers “Indigenous Entrepreneurship? Setting the Record Straight” and “Transforming Indigenous Procurement: Empowerment, Challenges, and the Road Ahead” can be read at the links above.

    25 min

Ratings & Reviews

5
out of 5
2 Ratings

About

Get ready to explore the cutting edge of business, management and leadership research with our new podcast series – Research @ Schulich, your gateway to discovering cutting-edge academic insights and ground-breaking research. In each episode, Schulich’s world-class scholars take you behind the scenes of their transformative research, offering fresh perspectives on ideas shaping industries and driving organizational success.

More From Podcasts @ Schulich