{"id":108197,"date":"2021-03-23T14:17:01","date_gmt":"2021-03-23T13:17:01","guid":{"rendered":"https:\/\/www.ieseg.fr\/?post_type=events&p=108197"},"modified":"2021-03-23T14:17:01","modified_gmt":"2021-03-23T13:17:01","slug":"finance-research-seminar-naaraayanan","status":"publish","type":"events","link":"https:\/\/www.ieseg.fr\/en\/events\/finance-research-seminar-naaraayanan\/","title":{"rendered":"Finance Research Seminar: “The real effects of environmental activist investing” by Dr. Lakshmi NAARAAYANAN \u2013 London Business School"},"content":{"rendered":"

\"\"<\/p>\n

Speakers: Dr. Lakshmi NAARAAYANAN
\n<\/strong>London Business School<\/p>\n

Date and Location – Thursday April 1st 2021 from 12:30 to 14:00 on Zoom<\/strong><\/p>\n

ABSTRACT<\/h2>\n

(A joint work with Kunal Sachdeva and Varun Sharma)<\/em><\/p>\n

We study the real effects of environmental activist investing. Using plant-level data, we find that targeted firms reduce their toxic releases, greenhouse gas emissions, and cancer-causing pollution. Improvements in air quality within a one-mile radius of targeted plants suggest potentially important externalities to local economies. These improvements come through increased capital expenditures on new abatement initiatives. We rule out alternative explanations of decline in production, reporting biases, and forms of selection, while also providing evidence supporting the external validity of environmental activism. Overall, our study suggests that engagements are an effective tool for long-term shareholders to address climate change risks.<\/p>\n

Keywords:<\/strong> Activism, Environmental Social and Governance, Socially Responsible Investment, Corporate Social Responsibility, Pensions<\/em><\/p>\n

More<\/strong> Info<\/a><\/div>\n

Join<\/strong> the webinar<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Speakers: Dr. Lakshmi NAARAAYANAN London Business School Date and Location – Thursday April 1st 2021 from 12:30 to 14:00 on Zoom ABSTRACT (A joint work with Kunal Sachdeva and Varun […]<\/p>\n","protected":false},"featured_media":0,"template":"","events-category":[200,66,166],"acf":[],"yoast_head":"\nFinance Research Seminar: "The real effects of environmental activist investing" by Dr. Lakshmi NAARAAYANAN \u2013 London Business School - I\u00c9SEG<\/title>\n<meta name=\"description\" content=\"Speakers: Dr. Lakshmi NAARAAYANAN London Business School Date and Location - Thursday April 1st 2021 from 12:30 to 14:00 on Zoom ABSTRACT (A joint work\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ieseg.fr\/en\/events\/finance-research-seminar-naaraayanan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Research Seminar: "The real effects of environmental activist investing" by Dr. Lakshmi NAARAAYANAN \u2013 London Business School - 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