Publications

All publications

• 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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• Scientific publication

  Review of Managerial Science: Corporate scandals and the reliability of ESG assessments: evidence from an international sample

  This paper studies the reliability of environmental, social, and governance (ESG) assessments in the case of corporate scandals. Reliable disclosures on ESG assessments may reduce…

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• Scientific publication

  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…

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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

  This study aims to shed light on the relationship between individual and regional Christian religion (and religiosity) and individual sustainable behaviors in an exploratory manner,…

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• Scientific publication

  Journal of Banking & Finance: Which private investors are willing to pay for sustainable investments? Empirical evidence from stated choice experiments

  Based on data from a representative survey among German private financial decision makers that comprised two stated choice experiments for fixed-interest investment products and equity…

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• Scientific publication

  Oxford Economic Papers: On the relevance of contextual factors for socially responsible investments: an econometric analysis

  On the basis of unique data from an (online) representative web-based survey among financial decision-makers in Germany, this paper empirically examines the relevance of contextual…

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