QUESTIONS—answer any 5 of the following, in order:
- What did Naaraayanan et al find regarding the effect of shareholder activism by public sector pension funds on the environmental performance and profitability of the firms they invested in?
- What is the difference between impact and financial materiality, and how do these give rise to different approaches to non-financial reporting?
- What do Shapira and Zingales think the DuPont C8 toxic waste case goes to show, and why?
- What is non-financial reporting (NFR)? Give an example of an NFR scheme. Indicate at least 2 uses made of NFR data
- What are the main criticisms of ESG funds made by Damodaran and Fancy?
- What is the relationship between equity ownership composition and CSR, according to empirical findings in Lee (2009) and Faller et al (2018)?
- What are ESG funds and how do they work?
- What does Auld say is the main challenge in the Phase II of design and implementation of “NSMD” certification programs?