Research and Publications
Peer-reviewed research by Dylan B. Minor, PhD, on investing, corporate governance and sustainability
Dylan B. Minor, PhD, is Founder, Chief Strategist and Chief Investment Officer of Omega Financial Group. He holds faculty appointments at UCLA Anderson School of Management and Columbia University’s School of International and Public Affairs, and his research on investing, corporate governance and sustainability has appeared in peer-reviewed journals and Harvard Business Review. The papers below are listed newest first. Each links to a summary page on this site with the full citation. The investment process that grows out of this research is described in What Omega’s Proprietary Strategies Are Built to Do.
Published research
Improving the Credibility of Corporate Sustainability Metrics
Magali Delmas, Kelly Clark, Dylan Minor and Tyson Timmer. Academy of Management Perspectives, 2026. doi.org/10.5465/amp.2024.0202.
Companies report environmental figures more precisely than the underlying data supports. Transparency alone cannot close the resulting credibility gap.
Want to Excel in ESG? Craft a “Green Ocean” Strategy
Pablo Hernandez-Lagos and Dylan Minor. Harvard Business Review, June 13, 2022.
Why firms should compete on the ESG dimension rivals ignore instead of trying to lead on all of them.
Corporate Governance and the Rise of Integrating Corporate Social Responsibility Criteria in Executive Compensation
Caroline Flammer, Bryan Hong and Dylan Minor. Strategic Management Journal, Vol. 40, 2019, pp. 1097–1122. DOI 10.1002/smj.3018.
What changed at S&P 500 firms that tied executive pay to environmental and social targets. The mechanism is attentional: these contracts pull management toward stakeholders who are easy to overlook but financially material over the long run.
Finding the [Financial] Cost of Socially Responsible Investing
Dylan Minor. The Journal of Investing, Fall 2007.
Earlier studies found no financial cost to socially responsible investing. This paper argues economic theory requires one, and estimates its size.
Transcending the Active/Passive Debate
Dylan Minor. The Journal of Investing, Winter 2003.
Index versus active is usually posed as either/or. Optimization shows a strategic blend of both beats either used exclusively on risk-adjusted return.
Beware of Index Fundamentalists
Dylan Minor. The Journal of Portfolio Management, Summer 2001.
A different time period reverses the case for index fund superiority. Over 20 years neither passive nor active management wins outright, and active management can still be used to build superior portfolios.
Academic appointments and recognition
- Adjunct Professor of International and Public Affairs, Columbia University School of International and Public Affairs. Announcement.
- Faculty, UCLA Anderson School of Management.
- Moskowitz Prize for outstanding research in sustainable and responsible investing. Announcement.
Designations: PhD, MS, CFP®, ChFC, CLU, CIMA®.