Roni Michaely | Guillem Ordonez-Calafi.| Silvina Rubio

World-Class Hub for Sustainability
The HKU Jockey Club Enterprise Sustainability Global Research Institute is established by HKU Business School and funded by The Hong Kong Jockey Club Charities Trust, to establish a world-class hub for best practices of Sustainability in Hong Kong, Asia and beyond. Our mission is to promote excellence in the field of Sustainability by bringing together globally distinguished scholars from diverse fields, integrating knowledge and practice, inspiring innovation, fostering collaboration and conducting impactful research. We work in partnership with academics, government departments, NGOs and corporate partners to harness the transformative power of environmental, social and corporate governance to create a sustainable and equitable future.
Roni Michaely | Guillem Ordonez-Calafi.| Silvina Rubio
Alan P. Kwan | S. Alex Yang | Angela Huyue...
Mark T. Buntaine| Michael Greenstone | Guojun He | Mengdi...
Xu Min | Wei Chi | Xing Hu | Qing...
Aparna Joshi | Soojin Oh | Mark DesJardine
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Marcin Kacperczyk | David Licher
Pulak Ghosh | Qingwei Wang | Jian Zhang | Hong...
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Ethnic Proximity and Politics: Evidence from Colonial Resettlement in Malaysia
Chun Chee Kok | Gedeon J. Lim
This paper studies the long-run effects of a colonial-era, large-scale resettlement program of ethnic minorities, on contemporary economic outcomes and political preferences of ethnic majority individuals in receiving areas.
5 Nov 2024
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Implicit versus Explicit Contracting in Executive Compensation for Environmental and Social Performance
Roni Michaely | Thomas Schmid | Menghan Wang
We examine the effectiveness of both implicit and explicit contracting in linking executive compensation to environmental and social targets (“ES Pay”). Consistent with predictions from contract theory, firms with explicit ES Pay schemes demonstrate better ES performance for targets.
15 Oct 2024
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Inferring Mutual Fund Intra-Quarter Trading: An Application to ESG Window Dressing
Li An | Shiyang Huang| Dong Lou | Xudong Wen | Mingxin Xu
We develop a novel method to infer intra-quarter trading of individual mutual funds. After a mutual fund executes a trade, its reported portfolio return incrementally deviates from its quarter-end-holdings-based return, which allows us to infer the transaction date and amount.
10 Oct 2024
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