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Sep 2026

Environmental, Social, and Governance Coverage of Rating Agencies and Executive Compensation

This study examines how coverage by environmental, social, and governance (ESG) rating agencies influences executive pay structures. We find that when a firm begins to be rated by ESG agencies, its executive compensation becomes more sensitive to ESG performance and less sensitive to traditional financial performance...

Xiao Zeng, Shu-Fang Lai, Albert Tsang · 0 citations

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