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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.

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.

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.

Patty Mah, Associate Director, Communications and External Relations

School of Accounting and Finance Associate Professor Krista Fiolleau, PhD and her co-authors Leslie Berger, PhD and Carolyn MacTavish, PhD Associate Professors at Wilfrid Laurier, were awarded the Best Paper Award from the Journal of Management Accounting Research (JMAR).

by Patty Mah, Associate Director, Communications & External Relations

Two finance professors from the School of Accounting and Finance at the University of Waterloo have been elected co-presidents of the Northern Finance Association (NFA).