Das Foto zeigt Bernhard Zwergel.
Profil

Dr. habil. Bernhard Zwergel

Bernhard Zwergel ist wissenschaftlicher Mitarbeiter des Lehrstuhls für nachhaltige Finanzwirtschaft (Prof. Dr. Christian Klein) an der wirtschaftswissenschaftlichen Fakultät der Universität Kassel. Im Rahmen der Forschung liegt sein besonderer Fokus auf der Analyse des Verhaltens privater und institutioneller nachhaltiger Anleger. Außerdem beschäftigt er sich mit Nachhaltigkeitsratings sowie der Performancemessung und Gestaltung nachhaltiger Portfolios, Fonds und Indizes.

Forschungsthemen

  • Nachhaltige Finanzprodukte,
  • Nachhaltigkeits-Label
  • Privatanleger*innen
  • Ratingagenturen

Ausgewählte Publikationen

  • Wissenschaftliche Publikation

    Corporate Finance: New evidence on German retail investors: The desire to make an impact

    To achieve the goals of the Paris Agreement, massive investments in the real economy are needed. We propose providing long-term interest subsidized loans to companies…

    Zur Publikation
  • Wissenschaftliche Publikation

    The Accounting Review: Spillover effects of tax avoidance on peers‘ firm value

    This research examines spillover effects of tax avoidance on peers‘ firm value using the setting of the European Commission’s state aid investigations of private letter…

    Zur Publikation
  • Wissenschaftliche Publikation

    Journal of Business Ethics: Active first movers vs. late free-riders? An empirical analysis of UN PRI signatories‘ commitment

    Joining voluntary thematic initiatives can be a means for firms to legitimate their business activities. However, a lack of review mechanisms could create incentives for…

    Zur Publikation
  • Wissenschaftliche Publikation

    Journal of Asset Management: The effect of environmental sustainability on credit risk

    The European Commission has proposed establishing a framework that redirects capital to sustainable investments in order to foster sustainable economic growth. A key proposal from…

    Zur Publikation
  • Wissenschaftliche Publikation

    Business Strategy and the Environment: Integrated reporting of environmental, social, and governance and financial data: Does the market value integrated reports?

    The concept of reporting nonfinancial information within the annual report, so-called Integrated Reporting (IR) is a rising topic in reporting practice. Supporters claim that IR…

    Zur Publikation
  • Wissenschaftliche Publikation

    Schmalenbachs Business Review: Investment Barriers and Labeling Schemes for Socially Responsible Investments

    Given the increasing role of socially responsible investing (SRI), but still limited participation of individual (i.e. small, retail) investors, the objective of this study is…

    Zur Publikation
  • Wissenschaftliche Publikation

    Credit and Capital Markets: Drivers of Socially Responsible Investments Across Europe

    The European Union wants to foster the sustainable growth of the economy by using the financial markets as an intermediary. Thus, politicians need to know…

    Zur Publikation
  • Wissenschaftliche Publikation

    Journal of Sustainable Finance & Investment: On the heterogeneity of sustainable and responsible investors

    We demonstrate that German retail investors have very heterogeneous requirements pertaining to ‘sustainable investments’ as a group, based on a representative survey (n = 1014). According to…

    Zur Publikation
  • Wissenschaftliche Publikation

    Journal of Business Ethics: Individual and regional Christian religion and the consideration of sustainable criteria in consumption and investment decisions: An exploratory econometric analysis

    The concept of sustainable and responsible (SR) investments expresses that every investment should be based on the SR investor’s code of ethics. To a large…

    Zur Publikation
  • Wissenschaftliche Publikation

    Journal of Applied Accounting Research: Board composition and corporate risk-taking: a review of listed firms from Germany and the USA

    Corporate governance is a crucial factor when considering excessive corporate risk-taking. Since corporate boards play such an important role in corporate governance, the purpose of…

    Zur Publikation
  • Wissenschaftliche Publikation

    Sustainability: Exploring the Supply-Demand-Discrepancy of Sustainable Financial Products in Germany from a Financial Advisor’s Point of View

    Although retail investors’ interest in sustainable investment is constantly increasing, German credit unions and co-operative banks offer few sustainable financial products. The purpose of the…

    Zur Publikation
  • Wissenschaftliche Publikation

    Corporate Finance: Sustainable and conventional mutual funds: Do they really differ?

    This study empirically analyzes the claim that sustainable funds are masked conventional funds for a small part of the German equity fund market. Additionally, we…

    Zur Publikation
  • Wissenschaftliche Publikation

    Corporate Ownership and Control: The Effects of Ownership Concentration on Sustainability: A Case of Listed Firms from USA, UK and Germany

    Concentrated ownership has been speculated to play a direct role in leading firms to focus more on long-term sustainability. Concentrated ownership, however, can take many…

    Zur Publikation
  • Wissenschaftliche Publikation

    BuR – Business Research: Comparing those who do, might and will not invest in sustainable funds – A survey among German retail fund investors

    In this paper, we empirically examine whether superior performance in corporate social responsibility (CSR) results in lower credit risk, measured by credit ratings and zero-volatility spreads (z-spreads).…

    Zur Publikation
  • Wissenschaftliche Publikation

    Journal of Banking & Finance: Corporate social responsibility and Eurozone corporate bonds: The moderating role of country sustainability

    In this paper, we empirically examine whether superior performance in corporate social responsibility (CSR) results in lower credit risk, measured by credit ratings and zero-volatility spreads (z-spreads).…

    Zur Publikation
  • Wissenschaftliche Publikation

    Qualitative Research in Financial Markets: Private ethical fund investors across countries and time: A survey-based review

    This paper aims to provide an overview of the literature to point out similarities and differences among private ethical investors across countries and time. Over…

    Zur Publikation