Lecture: ESG Shocks in Global Supply Chains

Dr. Alminas Zaldokas

Friday, August 25 at 9:30-11:00 

 

Corporations are facing increasing pressure by customers, workers, shareholders, and regulators to monitor and manage environmental and social (E&S) activities along their supply chains. Is it working?

Prof. Alminas Zaldokas and co-authors show that U.S. firms cut imports and are more likely to terminate a trade relationship when their international suppliers experience environmental and social (E&S) incidents. These trade cuts are larger for publicly-listed U.S. importers facing high E&S investor pressure and lead to cross-country supplier reallocation, suggesting that E&S preferences in capital markets can have real effects in far-flung economies. Larger trade cuts around the scandal result in higher supplier E&S scores in subsequent years and in the eventual resumption of trade. Our results highlight the role of customers’ exit in ensuring suppliers’ E&S compliance along global supply chains.

You can read the full paper “ESG Shocks in Global Supply Chains” here.

 

How to attend?

Please register here to attend the lecture: https://forms.gle/LbprYzpUMJu82who9

All lectures will take place at Riga Business School (11 Skolas Street, Riga) with an option to attend online via Zoom.

 

About the guest lecturer

Dr. Alminas Žaldokas

Alminas Žaldokas is an Associate Professor in Finance at the Hong Kong University of Science and Technology (HKUST).

His research focuses on the interaction between firm decisions in the financial product markets. In particular, he studies corporate finance decisions that relate to the firm investment in innovation, the formation of collusive arrangements between firms, and the facilitation of ESG practices. This research has been published in such academic journals as Journal of Financial Economics, Review of Financial Studies, Journal of Accounting Research, Management Science, and others.

Alminas Žaldokas received his PhD in Finance at INSEAD in 2012. His previous academic degrees include MSc in Finance and Economics from London School of Economics and BSc in Business and Economics from Stockholm School of Economics in Riga. He also currently serves as the Board Member at the European Chamber of Commerce in Hong Kong, pro bono academic adviser at the Lithuanian Competition Council, and the Board Member at the Baltic Economic Association.

More about Prof.Zaldokas’ research: http://www.alminas.com/