PhD Opportunity: ESG-tied executive compensation and banks sustainable lending strategies

Project summary: This project aims to empirically investigate whether and to what extent executives’ compensation packages linked to Environmental Social and Governance (ESG) targets influence European banks’ lending decisions towards more or less polluting firms.

Deadline: 31 March 2023

Duration: 36 months full-time

Funding details: Fully-funded scholarship for 3 years covers all university tuition fees (at UK level) and an annual tax-free stipend. International students are also eligible to apply, but they will need to find other funding sources to cover the difference between the home and international tuition fees. Exceptional international candidates may be provided funding for this difference.

Number of places: 1

Eligibility: We are seeking an outstanding student with a background in Banking & Finance (preferably with a completed or near-to-completion master’s degree), strong motivation, excellent command of English, and outstanding communication skills to embark on this exciting PhD project. Furthermore, a solid quantitative background with essential econometric knowledge and programming skills is highly desirable.

Project details: Climate change and global warming are at the core of social and policy debates. Given the centrality of the financial system in channelling resources to the private sector and its capability in imposing costs on non-compliant firms by adjusting quantities and/or prices, it is of primary interest to assess the way banks effectively contribute, through their lending strategies, to greening the economy.

With reference to the European context, this project aims to empirically investigate whether and to what extent executives’ compensation packages linked to Environmental Social and Governance (ESG) targets influence banks’ lending decisions towards more or less polluting firms.

Primary supervisor: Dr Livia Pancotto

Contact: livia.pancotto@strath.ac.uk

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