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

About Jane Jagd

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Insights from the Reporting Exchange: ESG reporting provisions trends

The research conducted as part of the Reporting Exchange project supports the existing argument that the variety and overlap of corporate reporting provisions make this field complicated and confusing 1,2. The research has allowed us to draw the conclusions outlined in this paper: • There are currently over 1000 reporting requirements for sustainability information, representing [...]

By | 2018-03-02T11:30:24+00:00 March 2nd, 2018|CSR, ESG, Governments, Law|0 Comments

The Governance of Foundation-Owned Firms

The burgeoning literature on corporate governance, both in economics and in law, has focused heavily on the agency costs of delegated management. It is therefore striking to encounter a large number of well-established and highly successful companies that have long been under the complete control of a self-appointing board of directors whose compensation is divorced [...]

By | 2018-03-02T11:28:24+00:00 March 2nd, 2018|ESG, Governance|0 Comments

CEO Tenure and Stock Returns Performance

This study shows that CEO tenure has positive and robust predictive power on cross-sectional stock returns. We show that a hedge portfolio constructed based on CEO tenure yields an annualised alpha of 1.32% and attribute this to seasoned CEOs having greater firm-specific knowledge and experience.  Consistent with this explanation, we find that CEO tenure has [...]

By | 2018-03-02T11:24:36+00:00 March 2nd, 2018|ESG, Firm Value, Governance, Indicators|0 Comments

UNCTAD/ISAR releases research by Center for ESG Research: Reporting on the Sustainable Development Goals

“The SDGs present an opportunity for business-led solutions and technologies to be developed and implemented to address the world’s biggest sustainable development challenges,” As noted in the SDG Compass, But if neither the corporate nor its capital providers can accurately and easily interpret information from Environmental, Social, and Governance (ESG) reporting, is ESG reporting really [...]

By | 2018-02-03T16:35:43+00:00 February 3rd, 2018|ESG, Governance, Indicators, Integrated Reporting, SDG|0 Comments

Symbolic Management and the Glass Cliff: Evidence from the Boardroom Careers of Female and Male Directors

This paper uses archival board data to demonstrate that women who take positions as directors of UK companies have shorter tenures than their male counterparts. The authors show that female directors face a much higher risk of dismissal as they approach nine years of service on the board, when their long service deprives them of [...]

By | 2018-01-29T20:59:17+00:00 January 29th, 2018|Gender inequality, Governance|0 Comments

Nonfinancial Risk Disclosure & the Costs of Private Ordering

In 2016, the Securities and Exchange Commission (SEC) considered for the first time whether financial disclosure reform should address sustainability matters and other sources of nonfinancial risk. The resulting debate over these issues raises fundamental questions about how well the federal disclosure regime addresses emerging risks and about how well private ordering, through shareholder engagement, [...]

By | 2018-01-29T20:56:34+00:00 January 29th, 2018|Governments, Integrated Reporting, Risk|0 Comments

Comparing the Implementation of the EU Non-Financial Reporting Directive

The paper analyses the implementation of the EU Non-Financial Reporting Directive in four European Member States: UK, Germany, France and Italy. The first part reviews the main trends, key differences and potential difficulties or unexpected consequences of the Directive. The paper then explores in more detail key substantive elements of the Directive, and how these [...]

By | 2018-01-29T20:54:01+00:00 January 29th, 2018|CSR, ESG, Indicators, 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 | 2018-01-13T12:52:26+00:00 January 13th, 2018|Environmental, ESG, Governance, Investors, Law, Social|0 Comments

Wolrd Bank Policy Research: How Do Multinationals Report Their Economic, Social, and Environmental Impacts?

This paper examines the role of multinational enterprises in sustainability reporting. The study assesses how multinational enterprise status correlates with a company's average disclosure rate and probability of reporting on economic, labor and social, environmental, and governance indicators. It uses a unique data set that offers company-level information on sustainability reporting from the Global Reporting [...]

By | 2017-12-19T14:00:41+00:00 December 19th, 2017|ESG, Indicators, International|0 Comments

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