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

About Jane Jagd

See more about Dr. Jane Jagd here: http://esginsight.dk/about/

Does gender diversity on corporate boards reduce information asymmetry in equity markets?

We examine the impact of board gender diversity on information asymmetry using a data panel of 531 firm-year observations of companies listed on the Spanish Stock Exchange in the period 2004–2009. To estimate the perception in the financial markets of the adverse selection that exists between informed and uninformed traders, we compute various market microstructure [...]

By | 2017-12-03T14:32:35+00:00 December 3rd, 2017|Governance, Investors|0 Comments

Ownership Structure and the Demand for Auditor Quality

We examine the effect of ownership structure on the demand for high quality auditors. Prior literature indicates that the demand functions for auditors may be different in private companies than in public companies due in part to more significant agency costs for public companies. Using data from publicly traded and privately owned banks of comparable [...]

By | 2017-12-03T14:30:25+00:00 December 3rd, 2017|Governance, Risk|0 Comments

PRI publishes voluntary climate reporting indicators based on TCFD recommendations

Following COP23, the PRI has published new voluntary climate-related indicators in its Reporting Framework aligned with the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations. As of the 2018 reporting cycle, signatories will be able to voluntarily report and disclose on 14 new indicators and six original indicators which have been updated following TCFD recommendations. [...]

By | 2017-11-27T18:45:27+00:00 November 27th, 2017|Environmental, Integrated Reporting, Investors|0 Comments

Member State Implementation of Directive 2014/95/EU

A comprehensive overview of how Member States are implementing the EU Directive on Non-financial and Diversity Information The last two years have been a defining time for corporate non-financial reporting in Europe. The introduction of the EU Directive on the disclosure of non-financial and diversity information (Directive 2014/95/EU) has set a clear course towards greater [...]

By | 2017-11-25T13:29:21+00:00 November 25th, 2017|CSR, Governments, International, Law|0 Comments

Corporate ESG Profiles and Investor Horizons

Questions and debate surround institutional investor preferences regarding the Environmental, Social and Governance (ESG) profiles of their portfolio firms. To address these issues, we examine changes in their portfolios and find that preferences for corporate ESG depend critically on investor horizons: Investors with longer horizons tend to prefer higher-ESG firms, while short-term investors prefer the [...]

By | 2017-11-18T13:02:40+00:00 November 18th, 2017|ESG, Investors|0 Comments

The Effects of Environmental, Social and Governance Disclosures and Performance on Firm Value: A Review of the Literature in Accounting and Finance

This paper not only attempts to survey the burgeoning literature on environmental, social and governance disclosures and performance and their effects on firm value, but its focus also lies on highlighting stylised observations coming from the most recent work that has not yet become part of the ‘conventional wisdom’ in the field. In addition, it [...]

By | 2017-11-18T13:01:08+00:00 November 18th, 2017|ESG, Firm Value, Indicators, Investors|0 Comments

How global is international CSR research?

While studies on international corporate social responsibility (CSR) have expanded significantly, their true global nature can be questioned. We systematically review 494 articles in 31 journals over a 31-year period. We assess the embeddedness of CSR in international management/business (IB); analyze the coverage of developing, emerging, and developed countries; map the literature thematically; summarize key [...]

By | 2017-11-18T12:59:00+00:00 November 18th, 2017|CSR, International|0 Comments

ESG Insight: New analysis of the Danish ESG reporting

ESG Insight was hired in 2017 by FSR - danske revisorer (Danish Auditor Association) to make an analysis of the status of the non-financial reporting for all the listed Danish companies with more than 500 employees. The analysis showed many interesting insights - one of them being that, in general, there is a need for [...]

By | 2017-11-02T12:57:18+00:00 November 2nd, 2017|Environmental, ESG, Governance, Investors, Law, Social|0 Comments

MSCI: Out of Whack – U.S. CEO Pay and Long-term Investment Returns

Last year, MSCI asked whether pay packages given to U.S. chief executive officers reflected long-term shareholder returns and found they did not.1 The bottom fifth of companies by equity incentive award outperformed the top fifth by nearly 39% on average on a 10-year cumulative basis. That study looked at awarded pay — of which 60%-70% [...]

By | 2017-10-06T09:28:41+00:00 October 6th, 2017|ESG, Firm Value, Governance, Investors|0 Comments

Investment Professionals’ Use of Corporate Social Responsibility Disclosures

We conduct an experiment to examine investment professionals’ use of corporate social responsibility (CSR) disclosures when making personal investment decisions or investment recommendations to clients. We predict and find that investment professionals are more willing to personally invest and recommend investment to a client when a firm discloses positive CSR performance than when it makes [...]

By | 2017-09-01T09:07:36+00:00 September 1st, 2017|CSR, ESG, Firm Value, Indicators, Investors|0 Comments