Financial Seminar: Role of State-Owned Enterprises in Environmental, Social and Governance Issues
- Event Unit
- | Investment Management, Accounting
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- Date & time
- 06Jun 2017 (Tue)18:00 - 19:45
- 2/F Lecture Theatre, HKU SPACE Po Leung Kuk Stanley Ho Community College Campus, 66 Leighton Road, Causeway Bay, Hong Kong
- Free Admission
- Dr. Pedro Matos, Associate Professor of Finance and the Academic Director of Richard A. Mayo Center for Asset Management at the University of Virginia, Darden School of Business
Dr. Pedro Matos, Associate Professor of Finance and the Academic Director of Richard A. Mayo Center for Asset Management at the University of Virginia, Darden School of Business
Pedro Matos is an Associate Professor of Finance and the Academic Director of Richard A. Mayo Center for Asset Management at the University of Virginia, Darden School of Business. His research focuses on international corporate governance and the growing importance of institutional investors in financial markets worldwide. His work has been published in leading academic journals (such as the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies) and has been featured also in the press, including in The Economist, Financial Times, New York Times , Washington Post, Fortune and Forbes. His work has received numerous research grants and awards, including the Wells Fargo Award for Outstanding Research Publication and the Darden Multiyear Publications Award. He is a Research Associate at the European Corporate Governance Institute (ECGI). At Darden, he has published numerous case studies and won twice the Wells Fargo Award for Excellence in Course Material Development. He previously taught at the University of Southern California, Marshall School of Business where he received a Golden Apple teaching award. He holds a B.A. in Economics from Nova University in Lisbon (Portugal) and a Ph.D. in Finance from INSEAD in Fontainebleau (France). Prior to his Ph.D., he worked with the Portuguese Ministry of Finance and consulted for the World Bank.
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Language: EnglishCE Credit: 1 CPT Hour for CFA / HKSFA membersCPD Credit: 1 CPD for HKIRA membersCPD Credit: 1 CPD for ACCA members
State-owned enterprises ("SOE"s) have been criticized for poor governance and questionable efficiency. In a recent paper titled "Leviathan Inc. and Corporate Environmental Engagement", Dr Pedro Matos, from the Darden School of Business, University of Virginia, and his colleagues from University of Hong Kong and Singapore Management University, conducted an international study of the impact of state ownership on a firm's engagement in environmental, social and governance ("ESG") issues.
There has been significant debate on the effects of ESG on shareholder value. In this paper, it was found that SOEs are in fact more engaged in environmental issues, and more importantly this engagement does not come at the expense of shareholder value. Further, SOEs are also more engaged in social issues, but they do not reveal better corporate governance performance.
Please come and join our seminar on June 6 to learn from Dr. Pedro Matos regarding this unique perspective and learn how SOEs in different countries, including China and India, are responding to environmental and energy challenges.
The paper can be downloaded from: https://www.arx.cfa/post/Leviathan-Inc-and-Corporate-Environmental-Engagement-3627.html