Executive compensation tied to ESG performance: International evidence

Arbeitspapier

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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ZEW Discussion Papers ; No. 22-051

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Personnel Management; Executives; Executive Compensation ; Accounting ; Climate; Natural Disasters and Their Management; Global Warming
• Thema: ESG metrics ; Executive compensation ; Institutional ownership

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Cohen, Shira ; Kadach, Igor ; Ormazabal, Gaizka ; Reichelstein, Stefan
• Ereignis: Veröffentlichung
• (wer): ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
• (wo): Mannheim
• (wann): 2022

Weitere Informationen

• Handle: http://hdl.handle.net/10419/266250
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ