Webinar: Labor Mobility and Corporate Environmental Performance

8-9pm (Auckland time) 06th September 2023 | Online

🌟 Discover Insights at our upcoming Webinar:
Labor Mobility and Corporate Environmental Performance! 🌱

Jointly organized by Massey Sustainable Finance Cluster and FBNet AVSE.
🔗 Register Now for free: https://lnkd.in/gR8PNVzj

🗓️ Date: 6th September 2023
🕘 Time: 9:00 AM (UK Time)

🎙️ Speaker: Professor Viet Anh Dang
🔗 Biography: https://lnkd.in/gp4WJjXX

Professor Viet Anh Dang is a Professor of Finance at Alliance Manchester Business School. He is also an editor of the Journal of Business Finance and Accounting (ABDC A*, ABS 3), an internationally recognized outlet for research in accounting, corporate finance, and governance. His current research interests are empirical issues in corporate finance and sustainability. His research has won several Best Paper Awards and been published in world-leading finance and management journals, such as the Review of Financial Studies, Management Science, Journal of Corporate Finance, Journal of Banking and Finance, and Journal of Financial Markets. His research findings and their implications have featured in the Harvard Law School Forum on Corporate Governance and Forbes

📌 Abstract: Using U.S. plant-level data, we find that corporate emissions decline significantly when labor mobility increases due to weaker enforcement of covenants not to compete (CNCs) in the states of residency. The effect is more pronounced for firms relying more on highly skilled labor and intangible capital, having lower degrees of financial constraints, or facing greater product market competition. We further document that, as labor mobility restrictions relax, treated firms increase their green innovation and green investment. Our results suggest that greater labor mobility improves corporate environmental performance through boosting emission abatement activities, highlighting an environmental benefit of labor mobility.

🎉 Host: Associate Professor Hung Do
🏢 Affiliation: Massey University, New Zealand
🔗 Biography: https://lnkd.in/grJt-WGr

📝 Don’t miss this unique chance to gain fresh insights into the intricate relationship between labor mobility and corporate environmental practices. Join us as we explore how mobility can drive greener, more sustainable business approaches.