Business & Conflict Research Initiative

Co-founders

Brian Ganson, JD is Professor and Head of the Centre on Conflict and Collaboration at the Stellenbosch Business School. The Centre works with business, government, labour, communities and international actors to reduce the costs of conflict and increase collaborative opportunities. It also acts as Secretariat for the Business & Conflict Observatory in cooperation with the UN Peacebuilding Support Office. His research focuses on business, conflict and development in peacebuilding environments, including management and leadership; project-level risk assessment and risk management; international policy; the building of collaborative capacity; and the role of neutrals. Google Scholar . Brian@Ganson.org 

Anne Spenser Jamison, PhD is an Assistant Professor in the Department of International Economics, Government & Business of Copenhagen Business School. She is also a senior fellow at Wharton's Impact, Value and Sustainable Business Initiative. She was previously a postdoctoral fellow at both Princeton University (School of Public and International Affairs) and Stellenbosch Business School (Centre on Conflict & Collaboration). She earned a joint PhD in risk management and international political economy at the University of Wisconsin–Madison. Her research explores how multinational corporations shape, and are shaped by, the socio-political systems in which they operate. Google Scholar . aj.egb@cbs.dk 

Witold J. Henisz, PhD is the Vice Dean and Faculty Director of the Impact, Value and Sustainable Business Initiative and Deloitte & Touche Professor of Management at The Wharton School, The University of Pennsylvania. The Impact brings together Wharton faculty and students to conduct academically rigorous research, develop new curricular materials, and co-curricular experiences that shape the future of investing, consulting, and strategy on ESG factors. His research examines the impact of political hazards as well as environmental, social and governance factors more broadly on the strategy and valuation of global corporations. Google Scholar . henisz@wharton.upenn.edu 

Associated researchers deploying BCRI data and analytic tools

Sarah Cechval, PhD is a Postdoctoral Fellow at the Centre for Global Sustainability, University of Oslo and Research Fellow at the Centre on Conflict & Collaboration, Stellenbosch University. Google Scholar

Lauren Ferry, PhD is Assistant Professor of Political Science, University of Mississippi. Google Scholar

Paul Gbahabo, PhD is a Postdoctoral Fellow with the Centre on Conflict & Collaboration at Stellenbosch Business School. Google Scholar

Tarek Ghani, PhD is Assistant Professor of Strategy, Olin Business School, University of Washington. Google Scholar

Anastasia Gracheva is a PhD student in the Strategy and Multinational Management subfields at the Wharton School of the University of Pennsylvania. Google Scholar

Tony L. He, PhD is an Assistant Professor in the Management and Global Business Department at Rutgers Business School – Newark and New Brunswick. He is also a Senior Fellow at the Wharton Environmental, Social, and Governance Institute at the University of Pennsylvania. Google Scholar

Kristian Hoelscher, PhD is Research Director for the Peace Research Institute Oslo (PRIO). Google Scholar

Maithili Kamble is a doctoral student at the Wharton School, University of Pennsylvania. 

Claudia Liuzza is Rethinking Diplomacy Fellow, Duke Center for International & Global Studies. Google Scholar

John Luiz, PhD is Professor at the University of Sussex Business School. Google Scholar

Lynn Meskell, PhD is PIK Professor of Anthropology and Professor of Historic Preservation, Weitzman School of Design, University of Pennsylvania. Google Scholar

Jason Miklian, PhD is a Research Professor at the Centre for Global Sustainability, University of Oslo. Google Scholar 

Nthabiseng Moleko, PhD is a Senior Lecturer at Stellenbosch Business School. Google Scholar

Harold Puhr, PhD is Assistant Professor of International Management, University of Innsbruck. Google Scholar

Doron Tadmor is a doctoral student at the Wharton School, University of Pennsylvania. Google Scholar

BCRI's BCB enables interested parties to explore and gain an understanding of the dynamics of the private sector, conflict, and peaceful development at the granular level of companies, locations, sectors, or contexts.

The BCB thus dramatically lowers the barriers for identification of conflict-prone development pathways so that they can be avoided and addressed, as well as of peace-positive pathways so that they can be promoted and implemented—for planning, monitoring, and learning, from the project to the global perspective. In brief:

• The BCB has ingested, processed, and gridded over 50 terabytes of data from diverse sources to allow for highly nuanced and econometrically sophisticated contextual and comparative analyses. 

• BCRI tools assess conflict sentiment—a leading indicator of conflict events—even at highly localized levels, enabling earlier identification and response.

• BCRI advances data analytics that illuminate and allow us to measure intergroup faultlines and other dynamics within the network of societal relations that may complicate collaborative efforts.

• BCRI analysis allows identification of positive and negative outliers in terms of impact on conflict, providing direct insights on risk mitigation performance as well as directions for further study 

More detail is provided below.

The societal tensions underlying a tumultuous world

War as well as state-based and criminal violence are on the rise. Faith in the ability of international and national institutions to deal with these and other pressing human security and development challenges declines. Groups at all levels of society evidently grapple with the core questions of conflict and peace: Whom can we trust? With whom can we cooperate on the issues of greatest importance to us? With whom might we have to fight to secure our future? 

These questions are in play across a variety of socio-political divides, whether urban-rural, ethno-national, regional, winners and losers from globalization, North-South, company-community, or otherwise. Navigating and helping to address these faultlines proves daunting even for those working directly to reduce violence, for actors providing aid to achieve important development goals, and for those working to unlock the positive potential of market forces to help address society’s challenges.

Promising applications of data science tools

The BCRI’s work establishes that it is wholly feasible to deploy known datasets, current information technologies, and empirically well-supported analyses to understand the societal relationships that support or undermine peace-positive development in conflict-prone and otherwise complex socio-political contexts. 

At the core of BCRI work is near real-time assessment of conflict sentiment. This can be tracked by issue (e.g., gender, human rights, cultural heritage, land, water, security, or livelihoods) and actor (e.g., all of the private sector, a particular sector, or one project). Importantly, change in conflict sentiment is a leading indicator of violent conflict, allowing for course correction and mitigation efforts.

The power of sentiment data increases as it is combined with a wide range of available socio-political and socio-economic data. This allows for sentiment to be contextualised and the impact of changes in the environment to be assessed, both for strategic planning and for monitoring and evaluation of interventions.  

For actors on the ground, analyses can add to human intelligence to provide peripheral vision on the dynamics of conflict and collaboration that affect a given investment or initiative, whether or not they are caused by it. Network and textual analyses enable analysis of a given project, and analogous contexts help determine the ways in which a particular project or initiative may activate conflict fault lines, amplify their conflict impact, and necessitate enhanced cross-group engagement.

For portfolio actors, such as an investor, development partner, or company HQ, analysis illuminates the range of risks—environmental, socio-political, project-specific, or actor-specific—through multivariate analyses across comparable projects and contexts. Monitoring of conflict sentiment—related to the project locality, intergroup relations in general, or the project, its sponsors, and contractors—can support proactive management inquiry, resource reallocation, or project gateway decisions (i.e., whether to move to the next phase).

For global actors, such as an advocacy group, international agency, or government, structured data enables testing of presumed associations between private and public development efforts and conflict (from academia and policy work) and the discovery of new ones. It allows assessment of the contributing factors associated with conflict (e.g., institutional robustness) as well as its mitigation (e.g., more inclusive and consensus-oriented processes) for policy and practice.

Planning for the Future of the BCB

The BCRI continues to carry out research as it develops its core platform, the Business & Conflict Barometer. With further support, the BCRI can achieve the following:

Infrastructure development. The BCB would more optimally sit as a relational database maintained as a public good. BCRI is mobilizing resources to deploy the human skills and technological required for the BCB to provide trusted stewardship of curated data; a robust data processing and data management infrastructure; interfaces, tools and expert support that meet the needs of users at varying degrees of sophistication; and interfaces that allow data to be collected according to local needs but integrated with the global system.

Testing and refinement of data sources and analytic approaches. While sentiment data derived from print media has proven analytically powerful, additional media (e.g., radio) and sources of insight (e.g., trusted corpuses from think tanks or issue advocacy groups, or locally sourced data) should add refinement. Machine learning approaches to analysis also show promise. To pursue these, data must be acquired and fed into the BCB and then validated to inform their use in increasingly sophisticated conflict sentiment analysis, issue network analysis, and conflict systems mapping.

Engaged research. The BCRI proceeds on the premise that positive change is mobilized where data systems intersect with human systems—for sense making, strategy setting, consensus building, and governance—in ways that add up to action systems. The BCRI thus seeks to conduct research and develop data analytic capabilities together with private companies, development partners, and advocacy groups working to monitor their own work and advance human security and human development in post-conflict and otherwise complex socio-political contexts.

Media reported sentiment predicts future conflict events
Jamison, Anne Spencer, Kristian Hoelscher, Jason Miklian, Witold J. Henisz and Brian Ganson “Media Sentiment and Future Conflict Events: Evidence and Implications for Peace Research”

Foreign direct investment proximate to indigenous land claims aggravates conflict
Jamison, Anne Spencer, Witold J. Henisz and Doron Tadmor “Indigenous Land Claims and Foreign Direct Investment: Evidence of Conflict Impacts from Geo-Spatial Media Event Data”. Journal of International Business Studies 56(6):720-738.

Solar investments in conflict affected states increase violent conflict
Jamison, Anne Spencer, Brian Ganson, Witold J. Henisz and Joe Bettles, “From Green to Blood Red: Sustainable Investments, Contested Property Rights, and Conflict Risk”

Business relationships that are more concentrated (i.e., elite dominated) are associated with greater conflict than those that are more participatory (i.e., inclusive)
Henisz, Witold J. and Anne Spencer Jamison “Business, Inclusive Stakeholder Relations and Conflict”

IFC sponsored projects increase violent conflict
Ganson, Brian, Anne Spencer Jamison, and Witold J. Henisz “IFC Projects and Increased Armed Conflict”

Political risk events negatively impact stock prices for exposed firms
Jamison, Anne Spencer, Witold J. Henisz, Anastasia Gracheva and Xuchong Shao “The Cost of Political Risk Events: Variation by Risk Class, Exposure and Asset Specificity”

Media reported social protests increase sovereign credit risk
Anne Spencer Jamison, Lauren Ferry, and Witold J. Henisz "Political Risk, Sustainability and Sovereign Credit: Pricing High-Frequency Political, Environmental, Social and Governance News" Economic & Politics 37(3): 1111-1122.

Designation of a UNESCO World Heritage site increases conflict
Jamison, Anne Spencer, Claudia Liuzza, Witold J. Henisz, and Lynn Meskell “Liberalization, distributional consequences, and social conflict: Evidence from UNESCO World Heritage”

Bias in favour of elites increases conflict in DFI funded projects
Jamison, Anne, Rachel Pacheco, Brian Ganson and Witold J. Henisz “Developing Conflict: Elite Bias in the Stakeholder Networks of Development Bank Sponsored Global Projects

Evolution of corporate purpose and function may be required to achieve peace-positive private sector development
Ganson, B. (2025). A Peace Positive Enterprise for the Global South: Problem Statements, Alternative Perspectives, and Paths Forward. 

Corporations face power political barriers to implementing inclusive purpose in extractive institutional environments
Ganson, B. & Luiz, J. (2025). Limits on MNE Purpose-In-Action in Extractive Institutional Environments. Proceedings of the Eighty-fifth Annual Meeting of the Academy of Management.

Positive business efforts can be easily thwarted by broader conflict dynamics
Cechvala, S. & Ganson, B. 2024. Systems Perspectives on Business & Peace. Journal of Business Ethics. 

The interdependencies of shareholder activism can be more fully understood as a complex, adaptive system
Chuah, K., DesJardine, M. R., Goranova, M., & Henisz, W. J. (2024). Shareholder activism research: A system-level view. Academy of Management Annals, 18(1), 82-120.

The private sector remains an important vector for persistent conflict and fragility in post-confict reconstruction
M’cleod, H. & Ganson, B. 2023. The persistence of fragility in Sierra Leone. In State Fragility: Cases and Comparisons (N. Bizhan, ed.) London: Routledge. 

Negative firm-stakeholder relationships raise conflict risks as they reverberate in broader intergroup relations
Ganson, B., He, T. & Henisz, W. 2022. Business and Peace: The Impact of Firm-Stakeholder Relational Strategies on Conflict Risk. Academy of Management Review 47(2) 259-281.

Firm behaviors in daily operations can change society's capacity to address its grand challenges
Ganson, B., He, T. & Henisz, W. 2022. “Us” and “Them”: Corporate Strategic Activism, Horizontal Inequalities, and Society’s Capacity to Address Its Grand Challenges. Global Strategy Journal.

PSD in conflict-prone places is an ongoing process of social and political consensus on matters of the economy
Ganson, B. 2021. Private sector development in fragile states: A peacebuilding approach. Institute for Security Studies. ISSN: 2617-8303. 

Business impact on conflict is contingent on its interactions with key driving factors of conflict and social cohesion
Ganson, B. 2019. Business and Peace: A Need for New Questions and Systems Perspectives, in Business and Peacebuilding: Beyond the Sustainable Development Goals (2019, J. Miklian, ed.), London: Routledge.

There may be strong disincentives for businesses to play a constructive role in good governance and development
Ganson, B. 2019. Business (not) for peace: Incentives and disincentives for corporate engagement on good governance and peaceful development in the African context. South African Journal of International Affairs Vol. 26, No. 2, 1-24.

Optimal BER concurrently stimulates broad-based economic growth, expands economic opportunity in formal and informal markets, and addresses drivers of conflict and fragility
Luiz, J., Ganson, B. & Wennmann A. 2019. Business Environment Reforms in Fragile and Conflict-Affected States: From a Transactions towards a Systems Approach. Journal of International Business Policy Vol 2, No. 3, pp. 217-236.

Democracy inhibits de facto financial reform when society at large is dissatisfied with government
Witold Henisz and Edward Mansfield (2019), The Political Economy of Financial Reform: De Jure Liberalization vs. De Facto Implementation, International Studies Quarterly, 63 (3), pp. 589-602.

Peace Positive Private Sector Development in Africa (P3A) unites researchers at Copenhagen Business School, the Peace Research Institute Oslo (PRIO), Stellenbosch University, the University of Oslo, and the Wharton School of Business, University of Pennsylvania. The project utilised continent wide disaggregated quantitative analyses and focused case comparison to advance the understanding of how, and under what conditions, private sector development exacerbates or mitigates conflict in Africa. 

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BCRI participated in an effort to conceptualise and lay the groundwork for an Integrated Management System for Socio-environmental Conflicts in the Mining sector for Latin America and the Caribbean (LAC). The research reviews and characterises conflict related to mining in LAC; efforts to manage it as well their successes and shortcomings; and possible approaches for the future. The consortium is led by Dialógica (Mexico).

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BCRI research and reports have been supported in part by the following:

Bay & Paul Foundation

Ernst & Young

Inter American Development Bank

Peace Finance Initiative

Research Council of Norway

Swiss Federal Department of Foreign Affairs

University of Michigan School of Information