IFin seminar, François Derrien, HEC Paris "Altruism or Self-Interest? ESG and Participation in Employee Share Plans"

Istituto di finanza

Data: 20 Ottobre 2022 / 12:25 - 13:40

Speaker: François Derrien, HEC Paris  

Title:      "Altruism or Self-Interest?  ESG and Participation in Employee Share Plans"

Date      October 20, 2022

Time      12:25 - 13:40

Room     354 (main building)

USI West Campus

 

 

 

 

Abstract

We ask how the ESG performance of firms affects the asset allocation of a large sample of French employees between their employer’s stock and alternative investments in firmsponsored savings plans. After ESG incidents, employees are less likely to invest and they invest smaller amounts in their company’s stock. Incidents in the “Social” category, especially those related to working conditions and local incidents, are the ones that affect these investment decisions the most. Pecuniary motives are unlikely to explain this finding. Overall, our results suggest that ESG policies directly impacting the well-being of employees affect employee satisfaction and loyalty the most.

Facoltà

Eventi
25
Giugno
2024
25.
06.
2024

Satellite workshop to International Society for Bayesian Analysis (ISBA) world meeting

Facoltà di scienze economiche, Facoltà di scienze informatiche
02
Luglio
2024
02.
07.
2024
15
Luglio
2024
15.
07.
2024
19
Luglio
2024
19.
07.
2024
22
Luglio
2024
22.
07.
2024

PyTamaro Summer Academy 2024

Facoltà di scienze informatiche
01
Agosto
2024
01.
08.
2024