Publications

All publications

• Scientific publication

  Journal of Asset Management: Herds on green meadows: the decarbonization of institutional portfolios.

  We analyze an emerging sustainable trend in asset management: the decarbonization of institutional portfolios. By using broad institutional ownership data, we show that investors exhibit…

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• Scientific publication

  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…

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• Scientific publication

  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…

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• Scientific publication

  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…

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• Scientific publication

  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…

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• Scientific publication

  Financial Markets and Portfolio Management: Factor exposures and diversification: are sustainably screened portfolios any different?

  We analyze the performance, risk, and diversification characteristics of global screened and best-in-class equity portfolios constructed according to Inrate’s sustainability ratings. The financial performance of…

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• Scientific publication

  Journal of Risk: The impact of corporate social and environmental performance on credit rating prediction: North America versus Europe

  We quantify the extent to which the quality of credit rating predictions improves by integrating measures of corporate social performance (CSP) in an established credit…

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• Scientific publication

  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…

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• Scientific publication

  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…

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• Scientific publication, Sustainability Risks and Opportunities

  The Geneva Papers on Risk and Insurance – Issues and Practice: Are insurance balance sheets carbon-neutral? Harnessing asset pricing for climate change policy

  Due to its enormous size and capital base, the insurance industry has the potential to play a key role in countering climate change. To this…

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