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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP17267 |
DP17267 Executive Compensation Tied to ESG Performance: International Evidence | |
Gaizka Ormazabal; Shira Cohen; Igor Kadach; Stefan Reichelstein | |
发表日期 | 2022-04-29 |
出版年 | 2022 |
语种 | 英语 |
摘要 | This paper examines the use of ESG performance metrics in executive compensation contracts. We first document that a growing fraction of publicly traded companies around the world now incorporate ESG metrics in the compensation schemes of their top executives. Our analysis links the reliance on these metrics to firm fundamentals, the geographic location of firms as well as the influence of institutional shareholders. Our findings also suggest that the adoption of ESG variables in managerial performance measures is accompanied by improvements in ESG performance and meaningful changes in the compensation of executives. |
主题 | Financial Economics |
关键词 | Esg metrics Executive compensation Institutional ownership |
URL | https://cepr.org/publications/dp17267 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546281 |
推荐引用方式 GB/T 7714 | Gaizka Ormazabal,Shira Cohen,Igor Kadach,et al. DP17267 Executive Compensation Tied to ESG Performance: International Evidence. 2022. |
条目包含的文件 | 条目无相关文件。 |
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