"Authors Celebrate BJM Publication on Executive Pay and Carbon Performance"

🌟 Congratulations to our Authors! 🎉 We are thrilled to celebrate the success of our authors for their latest publication in the British Journal of Management (BJM), British Academy of Management. The paper is titled: "A Green Light to Executive Pay: Institutional Monitors and Pay Sensitivity to Carbon Performance" 🌍 Authors: 🎉Congratulation to Danial Hemmings - Bangor Business School - Ysgol Busnes Bangor, Bangor University! 🎉Congratulation to Lynn Hodgkinson - Bangor Business School - Ysgol Busnes Bangor, Bangor University! 🎉Congratulation to Gwion Williams - Bangor Business School - Ysgol Busnes Bangor, Bangor University! What’s fascinating? 🤔 🌟 The authors test for relations among executive compensation premia and firm carbon performance under varying degrees of institutional investor monitoring. 🌟 Using US data for 2010–2023 (15,836 firm-years), the authors find that low carbon emissions firms remunerate more excessively than high emitters, indicating greater rent extraction. 🌟 Excess pay to carbon performance sensitivity relates non-linearly to institutional investors’ ownership. 🌟 Although outside monitors initially discipline against overcompensating managers, carbon performance leads to more excessive pay when powerful institutional blockholders hold a controlling stake. 🌟 Drawing on agency and institutional perspectives, the authors assert that pressure on US firms and financial institutions to decarbonize has benefitted managers of low emitting firms with a relatively stronger hand in pay bargaining. #GreenLight #ExecutivePay #InstitutionalMonitors #PaySensitivity #CarbonPerformance Read more and cite the paper: https://lnkd.in/e6SfX279