Markus Leippold|Zacharias Sautner|Tingyu Yu
World-Class Hub for Sustainability
The HKU Jockey Club Enterprise Sustainability Global Research Institute is a strategic collaboration between The University of Hong Kong and The Hong Kong Jockey Club. Dedicated to promoting best practices for sustainability in Hong Kong, Asia, and beyond, the Institute brings together distinguished global scholars from diverse fields to foster a multidisciplinary approach to sustainability research and training.
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Jingxuan Ding|Jeffrey Ng| Xian Xu|Hong Zou
Shipeng Yan|Juan (John) Almandoz|Fabrizio Ferraro
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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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