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University of Essex homepage Events Working amid climate uncertainties
Event

Working amid climate uncertainties: The disciplining effect of climate risk on employee treatment

  • Wed 12 Feb 25

    13:00 - 14:00

  • Online

    Zoom (email for link)

  • Event speaker

    Dr Monika Tarsalewska, University of Exeter Business School.

  • Event type

    Lectures, talks and seminars

  • Event organiser

    Essex Finance Centre

  • Contact details

    Dr Anna Sarkisyan

The Essex Finance Centre (EFiC) warmly invites you to join the research seminar with Dr Monika Tarsalewska from the University of Exeter Business School.

We examine the impact of firm-level climate risk on wage theft, a major form of employee mistreatment and document that wage theft is less prevalent in firms with high climate risk. This finding suggests that climate risk may incentivize firms to improve the treatment of employees in order to enhance performance during times of uncertainty.

To establish causality, we employ matched sample analysis, instrumental variable estimation, and difference-indifferences analysis around the adoption of the Paris Agreement. Additional analyses suggest that the negative relation between climate risk and wage theft is more pronounced in labor intensive firms and firms with high dependence on skilled labor, suggesting improvement in labor policies as the main channel.

Further cross-sectional analyses reveal that the documented effect is stronger for firms with greater media coverage, financially unconstrained firms, and those shielded against the harsh effects of climate change. Overall, this study emphasizes the significance of climate risk in shaping firms’ labor treatment policies.

Speaker

Monika Tarsalewska is Senior Lecturer in Finance at University of Exeter Business School, University of Exeter. She has published in leading international journals such as The Accounting Review, Journal of Corporate Finance, Journal of Banking and Finance, Journal of Business Ethics, British Journal of Management, Journal of International Financial Markets, Institutions and Money, European Journal of Finance. She has been a member of scientific committees for European Finance Association, Midwest Finance Association, EntFin. She is an editorial board member at British Journal of Management. She received funding from European Union’s Horizon 2020 and the British Academy. Her research and editorial duties received multiple awards (Journal of Corporate Finance 2018 Best Reviewer Award, Financial Management and Research Conference 2019 Best Paper Award, Corporate Governance Best Paper Award at the 2018 British Academy of Management Meeting).

Monika’s research received academic attention (more than 100 citations) and media coverage. For example, her research has been covered by Institutional Investor: Buyouts Lead to Less Innovation, New Research Shows, Columbia Law School Blog: Are CEOs Encouraged to Take Too Much Risk?, Bloomberg: Stakeholders Get a Committee. She has teaching experience at undergraduate, postgraduate and MBA level. Her current interests include investment and financing decisions, executive compensation, corporate takeovers, private equity and venture capital.

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