Publications

Publikationen

The members of the Sustainable Finance Research Platform publish their research in various formats.

The Platform’s Policy Briefs play a central role. In addition, there are discussion and working papers from the partner institutes as well as selected external publications.

All publications

  • Scientific publication

    Canadian Journal of Economics: On the effects of unilateral environmental policy on offshoring in multi-stage production processes

    We extend the literature on global supply chains by analyzing if and how unilateral environmental regulation induces offshoring. We develop an analytical model of two-stage…

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  • Scientific publication

    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…

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  • Scientific publication

    Review of Financial Economics: Over-investment or risk mitigation? Corporate social responsibility in Asia-Pacific, Europe, Japan, and the United States

    We study the relationship of corporate social responsibility (CSR) and the distribution of stock returns for an international sample. Firms with a high level of…

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  • Scientific publication

    Journal of Sustainable Finance & Investment: Patience pays off – corporate social responsibility and long-term stock returns

    This paper presents new evidence on the implications of corporate social responsibility (CSR) on stock returns. By implementing a long-term focus as well as using…

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  • Scientific publication

    Nature Climate Change: A climate stress-test of the financial system

    The urgency of estimating the impact of climate risks on the financial system is increasingly recognized among scholars and practitioners. By adopting a network approach…

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  • Scientific publication

    Sustainability: The Role of Sustainable Investment in Climate Policy

    Reaching the Sustainable Development Goals requires a fundamental socio-economic transformation accompanied by substantial investment in low-carbon infrastructure. Such a sustainability transition represents a non-marginal change,…

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  • Scientific publication

    Economics of Energy & Environmental Policy: Climate Policy with the Chequebook – An Economic Analysis of Climate Investment Support

    Across the globe, climate policy is increasingly using investment support instruments, such as grants, concessional loans, and guarantees – whereas carbon prices are losing importance.…

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  • Scientific publication

    Economic Journal: Taxing Externalities Under Financing Constraints

    We consider a production economy with externalities, which can be reduced by additional firm-level expenditures. This requires firms to raise additional outside financing, leading to…

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  • Scientific publication

    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…

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  • Scientific publication

    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…

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