NEWSLETTER of November 18, 2022

The following content has been added at finexpert:

Heidrick & Struggles
2022 PRIVATE EQUITY-BACKED CFO COMPENSATION SURVEY
Welcome to our 2022 Private Equity-Backed Chief Financial Officer Compensation Survey, an analysis of compensation in both North America and Europe for this critical role. Together with our surveys of PE-backed CEOs, and PE investment and operating professionals around the world, these reports help to create a comprehensive picture of the compensation that key executives are currently receiving in a wide range of positions. >more

Deloitte
DIGITAL BANKING MATURITY STUDIE 2022
In the fifth edition of its global digital banking maturity study, Deloitte Digital analyzes the digital maturity of banks. This time, more than 300 banks in over 40 countries were examined. This makes the study the world's most comprehensive survey on the topic of digital banking in the retail business. The results clearly show that competitive pressure in the sector is increasing significantly as a result of digital upgrading. >more

Deloitte
CFO SURVEY HERBST 2022
The Fall 2022 issue confirms the fears expressed in the spring: due to factors such as geopolitics and inflation, the economy is collapsing and the downturn is here. In addition to the economy, risks and strategies, the study also focuses on the dynamization of the finance function. >more

FTSE Russell
COP27 NET ZERO ATLAS
Our Cop27 Net Zero Atlas builds on our inaugural report to systematically assess climate targets and mitigation strategies of G20 countries'. It also includes analysis of physical climate risk exposure for each G20 country for the first time. >more

SUSTAINABILITY PREFERENCES UNDER STRESS: EVIDENCE FROM COVID-19
Robin Döttling, and Sehoon Kim
2022
We document fragile demand for socially responsible investments (SRI) by retail mutual fund investors. Using COVID-19 as an economic shock, we show funds with higher sustainability ratings experienced sharper declines in retail flows during the pandemic, controlling for fund characteristics. The decline in retail SRI fund flows is sharper than that of institutional flows, more pronounced when economies are hit harder by COVID-19, and unlikely to be driven by fund performance, past flows and size, or shifting investor attention. Corroborated by out-of-sample survey evidence, our findings highlight high sensitivity of SRI demand by retail investors with respect to income shocks. >more

GENDER DIFFERENCES IN REWARD-BASED CROWDFUNDING
Tse-Chun Lin, and Vesa Pursiainen
2022
We document several gender differences in reward-based crowdfunding by analyzing a large sample of Kickstarter campaigns. We argue that these differences are most plausibly explained by male entrepreneurs’ relative over-optimism. Suggesting a tendency to overestimate the demand for their products, we find that male entrepreneurs set higher goal amounts, resulting in more frequent campaign failures. In successive campaigns, male entrepreneurs’ goal amounts and success rates converge toward those of female entrepreneurs, consistent with entrepreneurial experience mitigating the behavioral bias. Our findings suggest that entrepreneurs learn from experience, and that female first-time entrepreneurs may have more realistic expectations of the demand for their products, increasing their success rates in crowdfunding. Moreover, although serial entrepreneurs exhibit better performance already in their first campaigns, they still improve over successive campaigns, further highlighting the importance of entrepreneurial learning. >more