Governmental and scientific news and insights on investor oriented environmental, social, and governance (ESG) data.

CSR Contingent Executive Compensation Contracts

We investigate the determinants of ‘CSR contracts’, compensation contracts that tie a portion of executive pay to CSR engagements. We find that CSR contracts are primarily granted by large firms with a history of being socially responsible, particularly in industries where employee safety and environmental protection concerns are likely to be important. We also find [...]

By |2017-08-30T10:20:11+00:00August 30th, 2017|ESG, Firm Value, Governance|0 Comments

UNGC Canada: Designing an anti-corruption compliance program

The 10th Principle of the UN Global Compact states, “Businesses should work against corruption in all its forms, including extortion and bribery.” Corruption, as the Global Compact recognizes, is corrosive to local communities, hinders economic development and perverts free markets. It is a driver of poverty and conflict, and is directly antithetical to the rule [...]

By |2017-08-30T10:18:07+00:00August 30th, 2017|Anti-corruption, Risk|0 Comments

The Ceiling Trumps the Cliff – Gender-Related Promotion Patterns to Executive Boards in DAX-Firms

Previous field studies on the glass cliff hypothesis in corporate settings focused on the Anglo-American context and yielded mixed results. This study analyzes promotion patterns to executive boards in Germany, the country of largest economic power in Europe. Screening the boards of all 160 firms listed in the German DAX-30, MDAX, SDAX and TecDAX from [...]

By |2017-08-15T08:28:59+00:00August 15th, 2017|Firm Value, Gender inequality, Governance|0 Comments