Dr Etienne Develay

Lecturer

My profile

Biography

Etienne Develay is a lecturer in Accounting and Finance at Manchester Metropolitan Business School.  

Etienne received a master’s degree program ‘Grande Ecole’ from IESEG School of Management and realised an exchange semester at the Haas Business School at the University of California, Berkeley. He obtained his PhD from the Nottingham Business School, NTU.

Prior to embrace an academic career, Etienne was a financial auditor at Mazars Luxembourg.

Interests and expertise

My research interests lie at the crossroad between corporate governance and corporate social responsibility/ethics/sustainability. I am also passionate by sustainable finance, ESG, socio-environmental accounting and carbon accounting. 

Get in touch

Digital Office 2.01 Business School
By appointment

Teaching

I teach the following units:

  • Critical Perspectives on Ethics and Sustainability (S1)
  • Ethics and Sustainability in Financial Services (S2)
  • Governance, Ethics, and Law (S2)

Research outputs

Journal article and published conference proceedings

Develay, E., Wang, Y., & Giamporcaro, S. (2021). CEO-to-Worker pay ratio, say on pay votes, and executive compensation. Academy of Management Proceedings, 2021. 

Develay, E., Giamporcaro, S., & Wang, Y. (2022). CSR contracting, materiality, and their effects on financial and non-financial performance. Academy of Management Proceedings, 2022. 

Develay, E., Wang, Y., & Giamporcaro, S. (2023). The effect of CEO-to-worker pay disparities on CEO compensation: The mediating role of shareholder say on pay votes. International Journal of Finance & Economics, published. Available at: https://onlinelibrary.wiley.com/doi/full/10.1002/ijfe.2866.

Develay, E., Wang, Y., & Giamporcaro, S. (2023). The impact of CSR committees’ characteristics and effectiveness on CSR contracting. Academy of Management Proceedings, 2023.

Book chapter

Develay, E., & Giamporcaro, S. (2023). Sustainable finance and the role of corporate governance in preventing economic crimes. In: M. Dion, ed., Sustainable finance and financial crime. Springer. Available at: https://link.springer.com/book/10.1007/978-3-031-28752-7.

Conference

Develay, E., Wang, Y., & Giamporcaro, S. (2020, September 1). CEO-to-Worker pay ratio, say on pay votes, and CEO compensation [Conference presentation]. British Academy of Management Doctoral symposium 2020, online event.

Develay, E., Wang, Y., & Giamporcaro, S. (2021, July 29-August 4). CEO-to-Worker pay ratio, say on pay votes, and CEO compensation [Conference presentation]. 81st Annual Meeting of the Academy of Management, online event.

Develay, E., Giamporcaro, S., & Wang, Y. (2021, July 8-10). CSR contracting, materiality, and their effects on financial and non-financial performance [Conference presentation]. 37th EGOS (European Group for Organizational Studies) Colloquium, Amsterdam, Netherlands.

Develay, E., Giamporcaro, S., & Wang, Y. (2021, August 31-September 3). CSR contracting, materiality, and their effects on financial and non-financial performance [Conference presentation].  35th British Academy of Management conference, Lancaster, UK. 

Develay, E., Giamporcaro, S., & Wang, Y. (2022, August 5-9). CSR contracting, materiality, and their effects on financial and non-financial performance [Conference presentation]. 82nd Annual Meeting of the Academy of Management, Seattle, Washington, USA.

Develay, E., Wang, Y., & Giamporcaro, S. (2022, August 31-September 2). The impact of CSR committees’ characteristics and effectiveness on CSR contracting [Conference presentation]. 36th British Academy of Management conference, Manchester, UK.

Develay, E., Wang, Y., & Giamporcaro, S. (2023, March 28-30). The impact of CSR committees’ characteristics and effectiveness on CSR contracting [Conference presentation]. Joint Early Career and Doctoral symposium Kedge Business School and Nottingham Business School, Paris, France.

Develay, E., Wang, Y., & Giamporcaro, S. (2023, August 4-8). The impact of CSR committees’ characteristics and effectiveness on CSR contracting [Conference presentation]. 83rd Annual meeting of the Academy of Management, Boston, Massachusetts, USA.

Media

Everett, C. (2021, February 14). Should you tie ESG to executive pay?, the Raconteur (Sunday Times supplement). Some elements of my second research on CSR contracting are quoted in this Sunday Time supplement on sustainable investing.

Award and distinction

I received the Tony Beasley award for the best research article produced by a Ph.D. student. This award was delivered by the British Academy of Management in September 2020 for my first project on the CEO-to-worker pay ratio, say on pay votes, and executive compensation.

I received a research grant of EUR 10,000. My thesis has been distinguished by the 15th edition of the joint French Sustainable Investment Forum (SIF – FIR in French) and Principles for Responsible Investment (PRI) award on the theme ‘Finance & Sustainability’.