I examine how negative ESG news distorts shareholder outcomes. In 2015 As You Sow began the yearly release of "The 100 Most Overpaid CEOs" list, leading to negative ESG news for firms that make the list. Overpaying CEOs is a governance concern as it signals a failure in proper controls and a...

We investigate the effect of mandatory remuneration disclosure on the performance, compensation, risk and liquidity of firms in emerging markets with weak legal protection. We used the difference-in-differences method and multilevel regressions, which assumes as a legal framework the mandatory...