Does a company with an advanced CSR targets policy in its executive remuneration plan performs better than others companies? / Valentine KRESS / 2020

Titre : Does a company with an advanced CSR targets policy in its executive remuneration plan performs better than others companies? Type de document : Mémoire Auteurs : Valentine KRESS, Auteur Année de publication : 2020 Importance : 36 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management INDICE BOURSIER ; REMUNERATION ; ENTREPRISE ; CADRE Résumé : This study examines the integration of CSR contracting in executive remuneration policy and its possible link with a company’s better performance in the CAC40 index compared to the other firms. We test this proposition for a sample of ten French listed companies belonging to the CAC40 and which have adopted mature CSR targets in their executive compensation. Then, we have compared stock excess returns and CSR/ESG ratings of the ten selected companies from January 2009 to January 2020 with the remaining 30 CAC40 companies. Then, we prove that the incorporation of CSR targets in executive compensation plan leads not always to stock outperformance but firms with advanced CSR contracting have more chance to be better rated regarding extra financial performance although the link may be indirect. Programme : PGE-Rouen Spécialisation : Finance d’Entreprise - Corporate Finance Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=531027