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ESG Investing Clearly Serves Pecuniary Interests

Reynolds Holding

In July, 2017, the stock of NYSE-traded Tahoe Resources dropped 33 percent when the Supreme Court of Guatemala suspended its license to operate the world’s third-largest silver mine. [14] Another level of risk affects the volatility of an entire portfolio. Mining.com, July 6, 2017. Available here. [14] Available at [link].

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Pay for Prudence

Reynolds Holding

As in other industries, a bank’s shareholders and board of directors provide incentives for management to maximize firm value. While bank shareholders may prefer risky actions that are likely correlated with increases in shareholder value, they must also gauge the likelihood of regulatory intervention. Coles et al.

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