This survey examines the vibrant academic literature on environmental, social, and
governance (ESG) investing. While there is no consensus on the exact list of ESG issues …

This paper reviews the theoretical and empirical literature on executive compensation. We
start by presenting data on the level of CEO and other top executive pay over time and …

In this study, we explore how top executives affect the well-being of multiple stakeholders
and long-run organizational outcomes. In the context of the 2008 global financial crisis …

Evaluating agency theory and optimal contracting theory views of corporate philanthropy, we
find that as corporate giving increases, shareholders reduce their valuation of firm cash …

This paper derives optimal top tax rate formulas in a model where top earners respond to
taxes through three channels: labor supply, tax avoidance, and compensation bargaining …

In this study, I summarize the current state of executive compensation, discuss measurement
and incentive issues, document recent trends in executive pay in both US and international …

This paper analyzes the relationship between employee satisfaction and long-run stock
returns. A value-weighted portfolio of the “100 Best Companies to Work For in America” …

How is corporate governance measured? What is the relationship between corporate
governance and performance? This paper sheds light on these questions while taking into …

This study examines the link between corporate social responsibility (CSR) and bank debt.
Our focus on banks exploits their specialized role as delegated monitors of the firm. Using a …