Do Investors Care About Impact?

Florian Heeb, Julian Kölbel, Falko Paetzold & Stefan Zeisberger – University of Zurich

in The Review of Financial Studies 00 (2022) 1-51

• The Best Research Article 2023

Sustainable investment preferences and how they are delegated

Marten Laudi – Maastricht University

• The Best PhD Thesis 2023

The integration of ESG data into the valuation models of asset managers

Amélie Goureaux – ESCP Business School

• The Best Master Thesis 2023

Financial Constraints and Emission Intensity

Eleonora Sfrappini – Halle Institute for Economic Research (IWH)

SuFi – Sustainable Finance Masterclass

Sophie Béreau – University of Namur, Christel Dumas – ICHEC Brussels Management School & Marek Hudon, Solvay Brussels School of Economics and Management (ULB)

• The Best Pedagogical Innovation 2023 – Learn more about the Masterclass

Get Real! Individuals Prefer More Sustainable Investments

Rob Bauer, Tobias Ruof & Paul Smeets – School of Business and Economics at Maastricht University

in The Review of Financial Studies 34 (2021) 3976–4043

• The Best Research Article 2022

“Finance et climat : enjeux, risques et organisation“

Vincent Bouchet – École Polytechnique

• The Best PhD Thesis 2022

The green elephant in the room: Does sustainable investing reduce greenhouse gas emissions?

Nikolaus Hastreiter – London School of Economics and Political Science

Transition Risk Stress – Test Simulation

Jakob Thomä, SOAS University of London

• The Best Pedagogical Innovation 2022

Disentangling the effects of hedge fund activism on firm financial and social performance

Mark DesJardine, Smeal College of Business at Pennsylvania State University & Rodolphe Durand, HEC Paris

in Strategic Management Journal,  2020; 41: 1054–1082.

• The Best Research Article 2021

Asset pricing and impact investing with pro-environmental preferences

Olivier David Zerbib – Tilburg University

• The Best PhD Thesis 2021

ESG Controversies’ Media Sources Concentration as a Threat to Responsible Investors

Anatole Douaud – Kedge Business School

• The Best Master Thesis 2021

Heated bonds? The impact of climate risks on the value of sovereign bonds

Karolina Bassa – University of Oxford

Future-proof your climate strategy: Smart companies are putting their own price on carbon

Joseph E. Aldy, Harvard Kennedy School & Gianfranco Gianfrate, EDHEC Business School

• The Best Pedagogical Innovation 2021

Leverage points in the financial sector for seafood sustainability

Jean-Baptiste Jouffray – Stockholm Resilience Centre at Stockholm University

Co-authors: Beatrice Crona, Emmy Wassénius, Jan Bebbington, Bert Scholtens

in Science Advances, Vol 5, n°10, October 2, 2019.

• The Best Research Article 2020

Finance in the Face of Global Challenges – Essays on the Financial Economics of Climate Change & the Agency Cost of Debt

Nora Pankratz – Maastricht University

• The Best PhD Thesis 2020

Superbugs and Super risks: A critical assessment of antibiotic resistance as a frontier topic in responsible and sustainable investment

Abigail Herron – University of Cambridge

• The Best Master Thesis 2020

Managerial Incentives and the Ethics of Corporate Governance

Etienne Develay – Nottingham Business School

The Jury has decided not to award a Prize in this category

The Jury has decided to award two articles this year giving their high standing and great contribution to the field

Fossil Fuel Divestment and Portfolio Performance

Arjan Trinks – University of Groningen

Co-authors: Bert Scholtens, Machiel Mulder & Lammertjan Dam – University of Groningen

• The Best Research Article 2019

Creating Common Ground: A Communicative Action Model of Dialogue in Shareholder Engagement

Fabrizio Ferraro – IESE Business School

Daniel Beunza – Cass Business School

• The Best Research Article 2019

Optimal Diversification and the Transition to Net Zero: A Methodological Framework for Measuring Climate Goal Alignment of Portfolio Investors

Jakob Thomä – CNAM

• The Best PhD Thesis 2019

Sustainability bonds, a lever for sustainable economic development in emerging countries?

Mélanie Comble – Kedge Business School

• The Best Master Thesis 2019

Stranded States? Public Management of Fossil Fuel Asset in the International System

Alex Clark – Oxford University

« CAS Sustainable Finance » at Haute école de gestion de Genève

Andrea Baranzini – HEG Genève

Antoine Mach – Covalence

Jean Laville – Conser Invest

• The Best Pedagogical Innovation 2019

When do Theories Become Self-fulfilling? Exploring the Boundary Conditions of Performativity

Emilio Marti – Rotterdam School of Management & Jean-Pascal Gond – Cass Business School & Fellow at Stockholm School of Economics

• The Best Research Article 2018

Corporate Social Responsibility and Capital Markets: Evidence from Mergers and Acquisitions

Mathieu Gomes (French) – Université Clermont Auvergne – École Universitaire de Management

• The Best PhD Thesis 2018

Portfolio Analysis Using Water Shadow Pricing: How Valuing Water Risk Can Reduce Carbon Emissions

Catherine Chisem (British) – University of Edinburgh Business School

• The Best Master Thesis 2018

Do investors care about impact? An experimental approach

Florian Heeb (Swiss) – University of Zürich

The Jury has decided to award two pedagogical innovations this year giving their high standing and great contribution to the field

Two Degree Pathways decision support tool used for Oil majors wargaming at University of Oxford

David Kampmann, Lucas Kruitwagen – Oxford Sustainable Finance Program at the University of Oxford & Shane Tomlinson – E3G

• The Best Pedagogical Innovation 2018

MSc (Master) in Sustainable Finance – ESG Engineering, Asset & Risk Management 

Christophe Revelli – Kedge Business School

• The Best Pedagogical Innovation 2018

A Credit Score System for Socially Responsible Lending

Begoña Gutiérez-Nieto, Carlos Serrano-Cinca & Juan Camon-Cala – Universidad de Zaragoza

• The Best Research Article 2017

The Jury has decided to award two papers this year giving their high standing

Social Finance and the Commons

Camille Meyer (French) – Université Libre de Bruxelles

• The Best PhD Thesis 2017

Essays on Institutional Investment and Socially Responsible Investing

Lisa Schopohl (German) – Henley Business School

• The Best PhD Thesis 2017

Access to Finance and Corporate Social Responsibility: Evidence from a Quasi-Natural Experiment

Vanya Rusinova (Bulgarian) – Copenhagen Business School

• The Best Master Thesis 2017

Productivity Loss from Heat and Stock Returns in Europe

Nora Pankratz (German) – Maastricht University

Impact Investing, the finance that changes the world! MOOC series

Thierry Sibieude – ESSEC Business School

• The Best Pedagogical Innovation 2017 – Summary

Active Ownership

Elroy Dimson (British), Oguzhan Karakas (Turkish) & Xi Li (Chinese)

• The Best Research Article 2016

Corporate Governance and Firm Performance: The Sustainability Equation?

Gwenaël Roudaut (French) – École Polytechnique

• The Best PhD Thesis 2016

Communicating Climate Change: How Learning, Language and Leadership Can Impact Institutional Investment Decisions in Australia and the United Kingdom

Elizabeth Harnett (British) – University of Oxford

• The Best Master Thesis 2016

Fiduciary Duty of Financial and Extra-financial Performance in Modern Sustainable (SDGs) and Socially Responsible Investment

Liudmila Strakodonskaya (Russian) – Université Paris II Panthéon-Assas

Sustainability Course – Finance Track

Volker Hoffmann (German), Julian Kölbel (German) & Falko Paetzold (German)

Course taught at ETH Zürich in 2015

Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach

Caroline Flammer (Swiss)

• The Best Research Article 2015

Finance and Society: On the Foundations of Corporate Social Responsibility

Hao Liang (Chinese) – Tilburg University

• The Best PhD Thesis 2015

Divestment of fossil fuel equities, its financial implications, and alternative asset allocation strategy

Mayank Kumar Jain (Indian) – Imperial College London and Henley Business School

• The Best Master Thesis 2015

CSR within morally objectionable businesses: Can what’s done be undone?

Salma Ktat (Tunisian) – Université des Antilles et de la Guyane

Loyalty-Shares: Rewarding Long-term Investors

Patrick Bolton (French and American) & Frédéric Samama (French)

• The Best Research Article 2014

Experimental Studies on Moral Values in Finance: Windfall Gains, Socially responsible investment, and Compensation plans

Marco Heimann (German) – University of Toulouse

• The Best PhD Thesis 2014

Shale Gas and Hydraulic Fracturing: Risk and Opportunity Analysis for Oil and Gas Companies, Investors and The Future Energy Sector-Lessons from the US

Theodor Cojoianu (Romanian) – The University of Edinburgh

• The Best Master Thesis 2014

Developing metrics and tools to help align financial portfolios with climate and energy investment scenarios

Jakob Thomä (German) – Conservatoire National des Arts et Métiers

Portofolio Greenness and the Financial Performance of REITs

Piet Eichholtz (Dutch), Nils Kok (Dutch), Erkan Yonder (Turkish)

• The Best Research Article 2013

Can Private Equity Funds Foster Corporate Social Responsability?

Vanina Forget (French) – Ecole Polytechnique (Department of Economics)

• The Best PhD Thesis 2013

Payments for Environmental Services and Microfinance: Proyecto Cambio in Nicaragua

Davide Forcella (Italian) – Université libre de Bruxelles

• The Best Master Thesis 2013

Understanding the Dynamics of Voting on Shareholder Proposals

Liviu Andronic (Romanian) – IAE Toulouse

• PhD Research Grant 2013

Environmental Policy, Innovation and Performance: New Insights on the Porter Hypothesis

Paul Lanoie (Ca ), Jérémy Laurent-Lucchetti (Fr), Nick Johnstone (USA), Stefan Ambec (Fr)
Published on : Journal of Economics and Management Strategy, 20 (3), 803-841. 2011.

• The Best Research Article 2012 – Resume

Empirical Investigations of the Relationship between Corporate Social and Financial Performance

Ioannis Oikonomou
Henley Business School & University of Reading

• The Best PHD 2012 – Resume

Socially Responsible Mutual Funds : the impact of fund governance on performance and attractiveness

Enguerran Petit
Ecole Centrale de Nantes & Politecnico di Milano

• The Best Master Thesis 2012 – Resume

Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices

Alex Edmans (UK)
Wharton School, University of Pennsylvania, US
Publié dans Journal of Financial Economics 101(3), 621-640, September 2011

• The Best Research Article 2011 – Resume

Institutional Change in the Making – The Case of Socially Responsible Investment

Diane-Laure Arjaliès (France)
ESSEC Business School & Université Paris Ouest Nanterre-La Défense, France

• The Best PHD 2011 – Resume

Meeting the challenge of impact investing: How can contracting practices secure social impact without sacrificing performance?

Madeleine Evans (US)
London School of Economics, UK

• The Best Master Thesis 2011 – Resume