All Academic research articles – Page 5
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Blog postIntegrated reporting - what benefits does the research illustrate?
Professor George Serafeim, Associate Professor of Business Administration, Harvard Business School Key findings More firms are undertaking elements of Integrated Reporting (IR) but may not call it IR. Firms practicing IR tend to have dedicated, long-term oriented shareholders. Carrying out IR may lead to more long-term investors holding ...
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Blog post
Risk attenuation and the reporting of health and safety performance
Sustainalytics Prize for Excellence in Responsible Investment Research: HONOURABLE MENTION Sharron O’Neill, Macquarie University; Jack Flanagan and Kevin Clarke, University of New South Wales Key findings Voluntary disclosure of Occupational Health and Safety (OHS) performance is inadequate for corporate risk management and investor analysis. Corporate managers have wide ...
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Blog post
Directors' duties in the anthropocene: liability for corporate harm due to incation on climate change
Sustainalytics Prize for Excellence in Responsible Investment Research: STUDENT PRIZE (JOINT WINNER) Sarah Barker, University of Melbourne Key findings Climate change presents material financial risks. The duty of care and diligence requires directors to be informed and engaged; ignorance and inaction are no defense. Directors may be ...
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CSR ratings: does more information add more value?
Professor Magali A. Delmas, University of California, Los Angeles Key findings A firm may be rewarded by the market for how it manages potential environmental outcomes rather than its actual environmental impact. Disclosure raises issues since a firm may have good internal processes, such as reporting yet ...
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Academic research
RI Quarterly Vol. 5: Highlights from the PRI Academic Network Conference 2014
Each year the PRI Academic Network Annual Conference grows in stature, and this year was no exception! Using a deliberate strategy to ‘bridge the gap’ between responsible investment academics and investors, our 7th annual conference exceeded its goals.
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Blog post
Corporate disclosure of greenhouse gas emissions
The reporting of company-wide greenhouse gas (GHG) emissions is a complex undertaking for companies and currently a voluntary activity in most European countries.
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Blog post
The next generation of scenarios for climate change
In this paper Moss et al provide an overview of how scenarios of the future are used in climate change research to aid understanding of how changes in technology, lifestyle, and policies can address the risks of climate change, and outline a new process for developing these scenarios.
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Blog post
Expert credibility in climate change
This study, published in 2010, aims to evaluate the extent of agreement among climate change scientists with the view of the Intergovernmental Panel on Climate Change (IPCC) that “anthropogenic [caused by humans] greenhouse gases have been responsible for most of the unequivocal warming of the Earth’s average temperature over the ...
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Investors' recognition of unburnable carbon
This paper analyses the reaction of the US stock market to the initial publication and subsequent media coverage of two climate change studies published in the journal Nature in 2009.
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Climate change impacts and adaptation in cities
With half of the world’s population living in cities, and the proportion increasing, addressing the greenhouse gas emissions from cities on future levels of climate change, and of the effects of climate change on cities, is increasingly relevant.
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Academic research
RI Quarterly Vol. 4: Focus on climate
Climate-related investment practice is on the verge of rapid change.
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Blog post
Stock duration and misvaluation
In Stock Duration and Misvaluation, Cremers, Pareek and Sautner (2012) empirically investigate whether the presence of institutional investors with short investment horizons has an impact on stock prices.
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Environmental and social consequences of climate change
In 2012 the UK Government’s Department for Environment, Food & Rural Affairs and Environment Agency (DEFRA) produced a Climate Change Risk Assessment (CCRA) evaluating the main climate-related risks and opportunities in eleven sectors in the UK, over the course of the current century to 2100.
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Blog post
Long-term capitalism
In these articles, Barton and Wiseman outline their view that the short-term approaches to managing and investing in companies, approaches which were responsible for the financial crisis, still exist.
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Bribes and firm value
In Bribes and Firm Value, Zeume investigates whether the ability to use bribes creates company value.
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Academic research
RI Quarterly Vol. 3: Long-termism in financial markets
Why is there so little academic research on long termism in financial markets?
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Blog post
Uncertain times, plural rationalities and the pension fiduciary
Huang et al in this paper explore the application of the theory of plural rationality to defined benefit pension fund decision-making.
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Blog post
Fiduciary duty and sin stocks: is vice really nice?
This paper investigates whether fiduciary duty obliges pension fund trustees to invest over-proportionally in ‘sin stocks’, i.e. companies operating in sectors traditionally considered unethical such as tobacco, alcohol, gambling and defence.
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Fiduciary duty and the search for a shared conception of sustainable investment
This paper reviews the historical legal background to the evolution of fiduciary duty in the UK, with reference to the parallel evolution of the concept in the US.
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The public fiduciary: a Canadian perspective
In this paper Waitzer and Sarro examine the role of pension fund trustees in Canada, and how the Supreme Court of Canada has developed a framework for fiduciary duty that has adapted to changing social and governance challenges.
