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

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+00:00January 13th, 2018|Environmental, ESG, Governance, Investors, Law, Social|0 Comments

International Evidence on the Relationship between Insider and Bank Ownership and CSR Performance

Manuscript Type. Empirical. Research Question/Issue. This study examines the relationship between blockholder and bank ownership and a firm's corporate social responsibility (CSR) performance. We analyze a multinational panel data sample for the period 2003–2012. Research Findings/Insights. We find that the degree of blockholder ownership is negatively related to CSR performance, whereas the degree of bank [...]

By |2017-01-31T12:21:45+00:00January 31st, 2017|CSR, Environmental, International, Investors, Social|0 Comments

The Stock Market Demand for Environmental and Social Disclosures

Given current EU and UK regulatory interest in environmental and social disclosures, we analyse the relationships between the levels of environmental and social disclosures in the UK and analyst following. We do so to investigate the general value relevance of such disclosures. In our preferred modelling specification, we find that analyst following is cross-sectionally, but [...]

By |2017-01-13T13:02:09+00:00January 13th, 2017|Environmental, ESG, Firm Value, International, Investors, Social|0 Comments

Valuing Stakeholder Governance

While research has shown that good stakeholder relations increase the value of a firm, less is known about how specific types of stakeholder governance affect firm value. We examine the value of one such governance mechanism — community benefits agreements (CBAs) signed by firms and local communities — intended to minimize social conflict that disrupts [...]

By |2016-12-06T13:35:36+00:00December 6th, 2016|ESG, Firm Value, Governance, Indicators, Investors, Risk, Social|0 Comments

The value of human capital and workforce talent

A research report entitled Reporting Human Capital. Illustrating your company's true value has been launched in London by an ad hoc partnership which includes the Chartered Institute of Management Accountants (CIMA). The report has reviewed the practices of UK FTSE 100 companies when it comes to measuring and reporting on human capital issues, notably how [...]

By |2016-11-24T12:14:09+00:00June 2nd, 2016|CSR, Financial, Governance, Law, Risk, Social|0 Comments

IMF: Gender Diversity in Senior Positions and Firm Performance: Evidence from Europe

This paper examines the link between gender diversity in senior corporate positions and financial performance of 2 million companies in Europe. We document a positive association between corporate return on assets and the share of women in senior positions and establish two potential channels through which gender diversity may affect firm performance. The positive correlation [...]

Corporate Governance and the Firm’s Workforce

This paper uses matched employer-employee data to study the effects of corporate governance on the earnings and composition of the firm's workforce. Stronger corporate governance is measured using the passage of shareholder-sponsored proposals to declassify the board of directors. Following vote passage, employee earnings decrease by 12% on average, directionally consistent with previous research. However, [...]

By |2016-06-30T11:49:18+00:00June 2nd, 2016|CSR, Firm Value, Gender inequality, Governance, Social|0 Comments

Do Women and Ethnic Minority Directors Influence Firm Value? Evidence from Post‐Apartheid South Africa

Previous studies on the value relevance of board gender and ethnic diversity have produced mixed results. This paper re‐examines this relationship using hand‐collected data of 245 South African listed firms over the period 2008–2013. We document a positive and significant effect of both board gender and ethnic diversity on firm value. We also find that [...]

By |2016-06-30T11:49:19+00:00June 1st, 2016|Firm Value, Gender inequality, Governance, Social|0 Comments

Social disclosures in private corporations

Globally, there is a growing interest in using disclosure rules in corporate and securities law to achieve social policy goals. The blending of corporate law with social issues is a transformation of disclosure obligations, which have traditionally focused on reducing information asymmetries and instilling confidence in the market. At the same time, the amalgamation of [...]

By |2016-06-01T14:57:42+00:00June 1st, 2016|CSR, Governments, Law, Social|0 Comments