Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/266250 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
ZEW Discussion Papers No. 22-051
Verlag: 
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung, Mannheim
Zusammenfassung: 
This paper examines the reliance on ESG metrics in executive compensation contracts. In our sample of international publicly traded firms, a rapidly growing fraction 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.
Schlagwörter: 
ESG metrics
Executive compensation
Institutional ownership
JEL: 
M12
M41
Q54
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
793.07 kB





Publikationen in EconStor sind urheberrechtlich geschützt.