Publikationen

Alle Publikationen im Überblick

• Wissenschaftliche Publikation

  Energy Journal: Directed Technical Change and Energy Intensity Dynamics: Structural Change vs. Energy Efficiency

  This paper uses a model with Directed Technical Change to theoretically analyse observable heterogeneous energy intensity developments. Based on the empirical evidence, we decompose changes…

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• Wissenschaftliche Publikation

  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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• 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…

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• Wissenschaftliche Publikation

  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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• Wissenschaftliche Publikation

  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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• Wissenschaftliche Publikation

  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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• Wissenschaftliche Publikation

  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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• Wissenschaftliche Publikation

  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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• Wissenschaftliche Publikation

  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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• 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…

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