News

Filter by:

Limit to news where the title matches:
Limit to items where the date of the news item:
Date range
Limit to items where the date of the news item:
Limit to news items tagged with one or more of:
Limit to news items where the audience is one or more of:
Thursday, October 20, 2022

SAF Director's message

Blake Phillips is the Director of the School of Accounting and Finance (SAF, September 1, 2022 - ), the ninth director since the School was established in 1980. From 2018 – 2022, Blake served as the Deputy Director for the SAF.

Tuesday, September 6, 2022

Welcoming New Faculty

Welcome to Fall 2022 and with the beginning of the semester, SAF will be welcoming five new faculty members. We’re excited to have them with us and look forward to being inspired by their energy, research and expertise. Please join SAF in welcoming them to the School of Accounting and Finance.

Muhammad Azim, Assistant Professor

Using 9,801 director appointments during 2003-2014, we document the dramatic impact of connections - 69% of new directors have professional ties to incumbent boards, a group representing 13% of all potential candidates.

The recipients of the 2022 Outstanding Performance Award have been named, according to a memo from Vice-President, Academic & Provost James W.E. Rush.

"I am very pleased to announce the award recipients for 2022 and would like to take this opportunity to congratulate them for their outstanding contributions to the University of Waterloo," Provost Rush writes.

Many countries have imposed tax policies that limit the deductibility of interest costs, creating a plausibly exogenous increase in the net cost of borrowing. The limits are based on financial accounting numbers, adding a new implication to managers’ choices. Firms in these countries are also expected to rely less on debt financing and face weaker demand for conservative financial reporting from creditors as compared to firms in other countries.

A significant and increasing number of North American organizations use tangible rewards to motivate their employees. Despite the widespread use of tangible rewards, there is limited understanding as to what makes them effective.

Wednesday, March 16, 2022

The False Promise of ESG

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.

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.