申睿副教授:CEO Pay Duration and ESG Engagement

发布者:陈英发布时间:2019-11-25浏览次数:68

  间:2019125(周四) 13:30

  点:虹口校区1号楼102

主讲人: 香港中文大学(深圳)经管学院副教授

主持人: 教授

  CEO Pay Duration and ESG Engagement

讲座摘要:

This paper finds that CEO pay duration has a positive influence on firm ESG (environmental, social and governance) engagement. This effect is stronger when firms need more stakeholder support, face higher reputation loss risk, and have better corporate governance practice. In addition, when CEOs’ pay duration is longer, better ESG performance is associated with higher future valuation and lower crash risk. Additional instrumental variable tests suggest that our results are unlikely to be explained by endogenous factors. Taken together, the evidence is consistent with that long incentive horizon helps align the interests of stakeholders and long-term shareholders.

嘉宾概况:

申睿现任职于香港中文大学(深圳)经管学院会计系副教授。申睿博士曾是新加坡南洋理工大学的助理教授,还曾是伊拉斯姆斯大学鹿特丹管理学院的助理教授。他教授的本科课程是中级财务会计,研究生课程是财务分析与估值(金融学专业研究生),以及会计学(非会计学专业研究生)。他的研究领域主要是对于会计信息的异质理解;资本市场以及企业决策。其研究成果发表于Accounting Review, Journal of Financial and Quantitative Analysis, Strategic Management Journal

(承办:冠亚体育官方网站工商管理系,科研与师资发展办公室)

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