Sustainability

Working Paper

Low-carbon Mutual Funds

We show that mutual funds compete for climate-conscious investment flows. In April 2018, Morningstar introduced a climate-focused label for mutual funds. The release of the “Low Carbon Designation” induced reactions on both the demand and supply...Read more

Marco Ceccarelli
Stefano Ramelli
Alexander Wagner
19 March 2020

Sustainable Finance and Stewardship: Unlocking Stewardship's Sustainability Potential

This paper explores the role of investor stewardship against a background of broader efforts to improve the sustainability of financial markets. Stewardship codes, encouraging institutional investors to act as long-term, responsible shareholders...Read more

Dionysia Katelouzou
Alice Klettner
30 May 2020

The relationship between public listing, context, multi-nationality and internal CSR

Are MNEs more socially responsible, and where is this more likely to occur? Are rms less responsible in emerging or transitional economies, and what impact does the dominant national corporate governance regime have? We explore the association...Read more

Salim Chahine
Marc Goergen
10 December 2017

News

ESG Rating Disagreement and Stock Returns

A variety of professional data vendors nowadays provide firm-level Environmental, Social, and Governance (ESG) ratings (or scores). These ratings...Read more

Rajna Gibson Brandon
Philipp Krueger
Nadine Riand
Peter Steffen Schmidt
02 March 2020

Pages