Wei Jiang image

Wei Jiang

3 Votes

Emory Goizueta

  • Atlanta, GA

About

  • Asa Griggs Candler Professor of Finance
  • President, Society for Financial Studies (2022)
  • Senior Fellow at the Program on Corporate Governance at Harvard Law School

Voting History

Finance

Currency Depreciation

Question A: The costs and risks associated with a sharp fall in the value of sterling outweigh any macroeconomic benefits for the UK of export stimulus due to a weaker currency.
Vote Confidence Median Survey Vote Median Survey Confidence
Did Not Answer
Uncertain
6
Question B: Concerns about government finances and debt sustainability can undermine the reserve currency status of a major currency.
Vote Confidence Median Survey Vote Median Survey Confidence
Did Not Answer
Agree
7
Finance

Executive Pay

Question A: The typical chief executive officer of a publicly traded corporation in the U.S. is paid more than his or her marginal contribution to the firm's value.
Vote Confidence Median Survey Vote Median Survey Confidence
Disagree
7
Uncertain
7
Question B: Mandating that U.S. publicly listed corporations must allow shareholders to cast a non-binding vote on executive compensation was a good idea.
Vote Confidence Median Survey Vote Median Survey Confidence
Agree
8
Uncertain
7
Finance

Stakeholder Capitalism

Question A: Having companies run to maximize shareholder value creates significant negative externalities for workers and communities.
Vote Confidence Median Survey Vote Median Survey Confidence
Disagree
8
Disagree
8
Comment: Shareholder value, unlike stock price, is a long-term concept that incorporates all constituencies that are important to business success.
Question B: Appropriately managed corporations could create significantly greater value than they currently do for a range of stakeholders – including workers, suppliers, customers and community members – with negligible impacts on shareholder value.
Vote Confidence Median Survey Vote Median Survey Confidence
Agree
8
Disagree
8
Comment: If office temperature could dial up five degrees in summer, everybody--workers, shareholders, and Planet--is better off. Just an example.
Question C: Effective mechanisms for boards of directors to ensure that CEOs act in ways that balance the interests of all stakeholders would be straightforward to introduce.
Vote Confidence Median Survey Vote Median Survey Confidence
Disagree
8
Disagree
8
Finance

Climate Reporting Mandate

Question A: A mandate for public companies to provide climate-related disclosures (such as their greenhouse gas emissions and carbon footprint) would provide financially material information that enables investors to make better decisions.
Vote Confidence Median Survey Vote Median Survey Confidence
Agree
5
Agree
7
Question B: A mandate for public companies to provide climate-related disclosures would provide material information that enables investors to make better decisions with regards to non-financial objectives (such as aiding portfolio choice based on ESG principles).
Vote Confidence Median Survey Vote Median Survey Confidence
Uncertain
5
Agree
7
Question C: A mandate for public companies to provide climate-related disclosures would induce them to reduce their climate impact substantially.
Vote Confidence Median Survey Vote Median Survey Confidence
Uncertain
5
Uncertain
6