Event

Environmental and Social Risk and Shareholder Voice

The Essex Finance Centre (EFiC) warmly invite you to join their guest speaker Dr Bige Kahraman Alper, Associate Professor of Finance, Saïd Business School.

  • Wed 20 Nov 19

    14:00 - 16:00

  • Colchester Campus

    EBS.2.45

  • Event speaker

    Dr Bige Kahraman Alper, Associate Professor of Finance, Saïd Business School

  • Event type

    Lectures, talks and seminars
    Essex Finance Centre (EFiC) Research Seminar Series

  • Event organiser

    Essex Business School

  • Contact details

    Dr Nikolaos Vlastakis

The aim of this seminar hosted by the Essex Finance Centre as part of the research seminar series, introduces guest speaker Dr Bige Kahraman Alper as she explores environmental and social (ES) issues and proposals made by shareholders.

Seminar Abstract

Over the 2004 to 2016 period, over 20% of stakeholder proposals relate to environment and social (ES) issues, and slightly more than half are sponsored by asset management companies.

Support for these proposals has increased substantially over this period, but it remains the case that virtually none receive the minimum threshold support rate to pass.

The paper discussed in this seminar find that failed ES proposals with high investor support significantly predict future firm risk, measured in extreme negative stock returns and real events such as negative ES incidents.

Examining the detailed records of mutual fund votes, we uncover the myopia with investors and management contributes to these proposals not receiving greater support.

Booking

This seminar is free to attend. We warmly encourage you to bring along your friends, colleagues and classmates.

Speaker bio

Dr Bige Kahraman Alper is an Associate Professor in Finance at Saïd Business School and a Fellow of Kellogg College at the University of Oxford.

She holds a PhD in Economics from Yale University with specialisations in financial economics and econometrics.

She is a Research Affilate in the Financial Economics programme of the Centre for Economic Policy Research (CERP) as well as an Economic Adviser to Financial Conduct Authority.

Bige's research focuses on analysing the sources of market frictions giving rise to market inefficiency and systemic liquidity crises.

Her recent studies quantify the importance of various frictions. For instance, arising from capital constraints, organisational structures in asset management intermediaries and asymmetric information. Her research also includes examining the role of financial innovation that can help overcome these frictions.

Dr Bige Kahraman Alper's papers have appeared in top academic journals such as;

  • Journal of Finance
  • Review of Financial Studies

 

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