This study examines the prevalence, costs, and deferred compensation levels associated with pension plan benefit enhancement provisions often referred to as pension padding or spiking. Due to the difficulty to obtain data, three diverse sources of evidence are used: (1) an examination of reports...

Internal carbon pricing by corporations is a relatively new tool in carbon management. Using a sample of 1,274 firms from 45 countries and across 43 industries reporting to the Carbon Disclosure Project (the CDP) during the years, 2015 to 2018, this study uses carbon emissions intensity ratios...

We report on implicit compensation provided by the Colorado Public Employees Retirement Association plan using a unique data set of salary histories of recent university retirees. Implicit compensation is the difference between the expected present discounted value of retirement benefits and...

Whether pure contagion is more likely to occur when a federal deposit insurer is severely undercapitalized is an unanswered question. This paper provides evidence on this issue by examining the stock market reaction of savings and loans (Samp;Ls) to the crisis of Financial Corporation of America...

As evidence for climate change mounts, the case gets stronger for not developing a large portion of existing fossil fuel reserves, particularly for coal as the highest emitter of CO2 per unit of energy produced. To avoid catastrophic climate change effects, reserves may become unburnable (i.e....

We investigate alternative hypotheses for a company's choice for an intensity-only (carbon emissions relative to sales, production, etc.) versus an absolute carbon emissions goal. The hypotheses include: (1) a high growth firm hypothesis whereby high growth companies select an intensity goal, to...

pt. 1. Overview : financial services industry and its environment -- pt. 2. Performance and risk analysis for FIS and ESG considerations -- pt. 3. Managing FI risks -- pt. 4. Asset and liability management -- pt. 5. Overview : nondepository financial institutions and new forms of financing.