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

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

CEO Wealth Sensitivity and Corporate Social Responsibility

We use CEO wealth sensitivity to stock performance (delta) and stock volatility (vega) to provide empirical evidence that CEO compensation structure influences firm Corporate Social Responsibility (CSR) ratings. We find that delta has no significant effect on CSR rating, while vega has a strong, causal relationship with CSR. This leads us to believe that CEOs [...]

By |2016-09-18T12:05:58+00:00September 18th, 2016|Financial, Firm Value, Governance, Investors|0 Comments