The relationship between ESG issues and credit risk, how private equity funds can foster CSR within portfolio companies, and the state of ESG integration by asset managers were among the topics explored by seven new academic papers winning awards as part of the PRI’s annual Academic Network conference in Paris.
The Sustainalytics Prize for Academic and Student research, sponsored by research provider Sustainalytics, and prizes for best Masters, PhD, published article and doctoral fellowship, awarded in conjunction with the French social investment forum (FIR), were presented at separate ceremonies in Paris on 13 and 14 November. Each award was judged by expert panels of academics, investors and responsible investment practitioners, with prizes valued between €2,500 and €10,000.
The winners of the Sustainalytics Prize are:
- Student Award: ‘The effect of bad news on credit risk: a media based view of the pricing of corporate social responsibility’ by Julian Koelbel – ETH Zürich.
- Academic Award: ‘ESG integration by asset managers,’ by Bert Scholtens – University of Groningen.
- Honorable Mention: ‘Barriers to private investors engagement in sustainable investing‘ by Falko Paetzold – University of Zurich.
Winners of the FIR-PRI Awards are:
- Best Masters thesis: ‘Payments for Environmental Services and Microfinance: Proyecto Cambio in Nicaragua‘ by Davide Forcella – Université libre de Bruxelles.
- Best PhD thesis: ‘Can Private Equity Funds Foster Corporate Social Responsibility?‘ by
Vanina Forget – Ecole Polytechnique.
- Best published research article: ‘Portfolio greenness and the financial performance of REITs‘ by Piet Eichholtz, Nils Kok, Erkan Yonder.
- Doctoral Fellowship: ‘Understanding the dynamics of Voting on Shareholder Proposals’ by Liviu Andronic – IAE Toulouse.
The PRI-CDC Academic Network conference, hosted by Caisse des Dépôts from 13-15 November in Paris, attracted more than 160 delegates from 60 universities and research institutions and featured presentations on more than 40 new papers.
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