infonet-economy

Innovation in information and communication technology, deregulation, and progress in skill development bring immense dynamics to the field of executive education, as they do to education in general. Web-based training apps and massive open online courses (MOOCs) create virtual learning spaces that are accessible any time and from anywhere. Most of them are free of charge....

Using a unique data set, I study how stock markets react to positive and negative events concerned with a firm's corporate social responsibility (CSR). I show that investors respond strongly negatively to negative events and weakly negatively to positive events. I then show that investors do value "offsetting CSR", that is positive CSR news concerning firms with a...

We use payroll data in the Austrian, German, and Swiss banking sector to identify incentive pay in the critical banking segments of treasury/capital market management and investment banking for 67 banks. We document an economically significant correlation of incentive pay with both the level and volatility of bank trading income - particularly for the pre-crisis period 2003 – 2007,...