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Board Gender Diversity and Investment Efficiency: Global Evidence from 83 Country-Level Interventions

Harvard Corporate Governance

In our recent article titled, “ Board gender diversity and investment efficiency: Global evidence from 83 country-level interventions ”, we catalog, for the first time, 83 country-level board gender diversity (BGD) interventions in 59 countries between 1999 and 2021. percentage points. more…)

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How Emphasizing ESG Affects Firm Value

Reynolds Holding

In a new article, we offer novel insights into the conundrum of ESG emphasis and present a conceptual framework for exploring the impacts on firm value of emphasizing both nonmaterial and material ESG factors. This unexpected negative impact on firm value surpasses the positive impact of material ESG emphasis by a factor of 2.12.

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What NCAA Football Teaches Us About the Connection Between Executive Pay and Performance

Reynolds Holding

In 2016, the football team won seven games, and in 2021, it won 11, earning Clawson multiple long-term extensions to his contract. Additionally, we observe exact values for both performance and guaranteed components of coaching pay, allowing us to distinctly address performance bonuses, which only pay off in a minority of instances.

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The Challenges of Succeeding a Long-Tenured CEO

Reynolds Holding

When the firm’s board and other corporate governance mechanisms are ineffective, however, a CEO can stay on longer than is optimal, to the detriment of shareholder value (Brochet et al., Casamatta and Guembel, 2010) indicate that a CEO’s decisions affect a firm’s future performance, potentially beyond the CEO’s tenure.

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ESG Investing Clearly Serves Pecuniary Interests

Reynolds Holding

Available at [link] Samantha Subin, “Activision Blizzard shares drop after report CEO allegedly knew about sexual misconduct,” November 16, 2021. See also Au, Shiu-Yik and Dong, Ming and Tremblay, Andreanne, How Much Does Workplace Sexual Harassment Hurt Firm Value? Available at [link]. January 25, 2022). Choi, Mary C.

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How Companies and the Market Respond to the Issuance of Green Bonds

Reynolds Holding

As of December 2021, the cumulative green bond market is estimated to have exceeded $1.5 This possibility was first raised by Bhagat and Hubbard (2022) in their analysis of Nobel laureate Milton Friedman’s long-term firm value maximization hypothesis vis-à-vis the Business Roundtable’s stakeholder paradigm. August 23, 2021).

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The Uncertain Role of Institutional Investors in Promoting Corporate Diversity

Reynolds Holding

These justifications include economic arguments about the relationship of diversity to firm value, as well as noneconomic arguments about representation, justice, and equal opportunity. 6, 2021), [link]. [7] Although the normative case for greater corporate diversity is powerful, it stems from a range of distinct justifications.

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