2021 企业社会责任白皮书 CORPORATE SOCIAL RESPONSIBILITY WHITE PAPER

汪泓 ;  丁远 ;  何今宇 ;  许斌 ;  Price, Lydia Jean ;  陈世敏 ;  芮萌 ;  王泰元

Unfold Export

Abstract

特邀编委 汪泓(Wang, Hong) 丁远 (Ding, Yuan) 执行编委 何今宇(He, Jinyu) 编委会成员 许斌 (Xu, Bin) 白诗莉 (Price, Lydia Jean) 陈世敏 (Chen, Shimin) 芮萌 (Rui, Meng) 王泰元 (Wang, Taiyuan)

Keyword

corporate social responsibility ;  CSR ;  企业社会责任

The Role of Deferred Equity Pay in Retaining Managerial Talent

Gopalan, Radhakrishnan ;  Huang, Sheng ;  Maharaja, Johan

SSCI ABDC-A*

Unfold Export

Abstract

We examine the extent to which deferred vesting of stock and option grants (deferred pay) helps firms retain executives. To the extent an executive forfeits all deferred pay if they leave the firm, deferred vesting will increase the cost (to the executive) of an early exit. The impact of deferred pay on executive retention, a key ingredient for firms to create shareholder value is hence an important empirical issue. Using pay duration proposed in Gopalan et al. (2014) as a measure of the extent of deferred equity, we find that CEOs and non-CEO executives with longer pay duration are less likely to leave the firm voluntarily. The talent retention role of deferred pay is mitigated by performance-vesting provisions and signing bonuses offered by industry peers. Moreover, we also find that voluntary turnover is less sensitive to pay duration for executives who are perceived to be more talented and have more firm-specific skills. Overall, our study highlights a strong link between compensation design and turnover of top executives. It suggests that firms take into account the need for retaining managerial talent in designing executive compensation.

Keyword

executive compensation ;  management turnover ;  pay duration ;  talent retention ;  turnover-performance sensitivity

2020中欧国际工商学院企业社会责任白皮书

李铭俊 ;  丁远 ;  陈杰平 ;  许斌 ;  芮萌 ;  陈世敏 ;  白诗莉 ;  陈少晦

Unfold Export

Abstract

特邀编委 李铭俊 丁远 执行编委 陈杰平 编委会成员 许斌 芮萌 陈世敏 白诗莉 陈少晦　

Keyword

Corporate Social Responsibility ;  CSR ;  企业社会责任

一场“战疫”打开产业链产、融、政结合新格局

黄生 ;  孟圆

Unfold Export

Abstract

Keyword

华为境内首发债复盘：经典理论无法解释的战略谋划

孟圆 ;  黄生

Unfold Export

Abstract

Keyword

我们需要更强的上市公司

黄生

Unfold Export

Abstract

Keyword

“双循环” 让更多资金拉动消费

芮萌

Unfold Export

Abstract

Keyword

资本市场“内循环”良性启动

黄生

Unfold Export

Abstract

作者系中欧国际工商学院金融学副教授，中欧国际工商学院边晓璇对此文也有贡献

Keyword

复工后,核心企业如何撬动产业链发展

黄生

Unfold Export

Abstract

Keyword

小微企业如何渡过现金流难关 How Small and Micro Businesses Get through Cash Plow Crisis

芮萌

Unfold Export

Abstract

Keyword