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Millions of investors and countless fund managers direct their investments to companies that are highly-rated on the basis of their environmental, social, and governance (“ESG”) activities in an attempt to do good. The claim by ESG advocates, pundits, and many academics that highly-rated ESG companies and funds also deliver superior returns bolsters this move: Doing better by doing good. The best of all worlds.

But do ESG ratings really deliver on the promise? Are highly-ranked ESG businesses really more caring of the environment, more selective of the societies in which they operate, and more focused on countries with good corporate governance? In short, is ESG really good? The answer is no.

Like International Women’s Day, the Women in Accounting and Finance Global Summit events serve to inspire current students and young alums in amplifying the importance of female leadership and perspectives in business. The 2021 Global Summit event for the Women in Accounting & Finance panel discussion brought together three School of Accounting and Finance (SAF) alums to share their career stories and answer questions from event attendees.

The theme for this year’s International Women’s Day is #BreakTheBias, calling people to imagine a gender-equal world free of stereotypes, bias and discrimination. This is also a day to recognize and celebrate the social, economic, cultural and political achievements of women.

Corporate taxes can be good for shareholders: Why some actually want their companies to pay tax

As one of the panelists of the 2021 Women in Accounting & Finance: Global Summit event, Carmen Chung (MAcc ’10) shared stories of her co-op experiences in accounting and early career opportunities in finance.

It doesn’t take long to realize that for alum, Jonathan Yu (MAcc ’07, CPA), people and talent are the most important assets for his work with RBC. The innovative nature and authentic work in equity, diversity and inclusion at the Royal Bank of Canada (RBC) have made the last 12 years for Yu exciting and fresh. Yu returned to the Waterloo campus to chat with SAF about his career path and passion for helping RBC further its diversity and inclusion goals.

How cryptocurrency and government relief packages could impact your tax returns

The American Taxation Association (ATA), in cooperation with PricewaterhouseCoopers, presented recent PhD graduate, Betty (Bin) Xing (BMath ’13, MTax ’15, PhD ’20), with the prestigious international ATA/PwC Outstanding Dissertation Award at the annual ATA mid-year meeting.

Every year we like to celebrate Valentine’s Day by sharing the stories of SAF alums that met and fell in love on the University of Waterloo campus. This year we are happy to share the story of two graduates of the Master of Accounting (MAcc) program whose love story began at a drama club audition of all places. Now, they are happily married and have two wonderful children. Read how Sarah Cheng (MAcc ’09), Founder of BLUISH, a venture not only known for selling tulle for women, moms and babies but also providing a platform for women to share stories of strength, resilience and growth., and Brian Cheng’s (MAcc ’09), a Partner at MNP, love story grew, like compound interest  — if the interview took place in person, we have no doubt that they would have finished each other’s sentences.

We use Word2vec to develop a financial sentiment dictionary from 3.1 million Chinese-language financial news articles. Our dictionary maps semantically similar words to a subset of human-expert generated financial sentiment words.