Webinar #15: Market Manipulation and ESG Incidents

Finance and Banking Network is organizing Webinar #15 titled “Does ESG Predict Domestic and Foreign Institutional Investor Demand”.

🔗 Register now: https://lnkd.in/eh2iwTtf

📅 Date: 21st September 2023 (Thursday)
🕙 Time: 10 AM Paris time

🎙 Speaker: Professor Ines Chaieb
🏢 Affiliation: Geneva Finance Research Institute, Geneva School of Economics and Management (GSEM), University of Geneva, Switzerland
🏢 Biography: https://ines-chaieb.ch/
🔗 Publication: https://lnkd.in/e_S62bBY
📌 Abstract: We study how firms’ ESG performance affects domestic and foreign institutional investment and rebalancing. Country-by-country post-double- LASSO estimates reveal heterogeneous marginal effect of ESG on firm-level institutional ownership. At the institution-firm level, institutions exhibit a novel form of home bias: tilting towards high-ESG firms only when these firms are domestic. Institutions are more patient towards high-ESG firms after negative past performance but the mitigation effect is significantly weaker for foreign firms and disappears during distressed episodes.

🎉 Host: Lecturer Giang Phung
🏢 Affiliation: ISC Paris Business School, France
🔗 Biography: https://lnkd.in/eSWWD9YF

See you at the webinar! 👥🌍