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The PRI will be hosting a virtual 5-day PRI Academic Network Week between 19 – 23 September 2022. Please save the dates!

The event will bring together the latest high-quality evidence and insights in responsible investment practices in an accessible way and aimed to bridge the gap between academic researchers and investors. The findings will be presented by their authors and discussed by investment practitioners and academics to offer feedback, to understand the work in the context of the literature and in relation to real world practice.

The program planning is under way and we look forward to sharing the latest ESG research. Please find below the preliminary program. We will provide more information in the coming weeks.

REGISTER HERE

Monday September 19 (2-5pm BST):               Corporate Governance
Session Chair:  Caroline Flammer (Columbia University)
Paper 1:  Altruism or Personal Benefits? ESG and Participation in Employee Share Plans
Authors: Maxime Bonelli (HEC Paris)
Marie Briere (Amundi, Paris Dauphine University, and Université Libre de Bruxelles)
François Derrien (HEC Paris)
Academic Discussant: TBA
Practitioner Discussant: TBA
Paper 2:  Cheap Talk in Corporate Climate Commitments: The Role of Active Institutional Ownership, Signaling, Materiality, and Sentiment
Authors: Julia Anna Bingler (ETH Zurich)
Mathias Kraus (FAU Erlangen-Nuremberg)
Markus Leippold (University of Zurich)
Nicolas Webersinke (FAU Erlangen-Nuremberg)
Academic Discussant: TBA
Practitioner Discussant: TBA
Paper 3:  The Perils and Questionable Promise of ESG-based Compensation
Authors: Lucian A. Bebchuk (Harvard University)
Roberto Tallarita (Harvard University)
Academic Discussant: TBA
Practitioner Discussant: TBA
Tuesday September 20 (2-5pm BST):               Climate Risks
Session Chair:  Pedros Matos (University of Virginia)
Paper 4:  Physical Climate Risk and Firms’ Adaptation Strategy
Authors: Xia Li (Boston University)
Academic Discussant: TBA
Practitioner Discussant: TBA
Paper 5:  Dissecting Green Returns
Authors: Lubos Pastor (University of Chicago)
Robert F. Stambaugh (University of Pennsylvania)
Lucian A. Taylor (University of Pennsylvania)
Academic Discussant: TBA
Practitioner Discussant: TBA
Paper 6:  Climate Stress Testing
Authors: Hyeyoon Jung (Federal Reserve Bank of New York)
Robert Engle (New York University)
Richard Berner (New York University)
Academic Discussant: TBA
Practitioner Discussant: TBA
Wednesday September 21 (2-5pm BST):               Pollution and politcs
Session Chair:  Laura Starks (University of Texas at Austin)
Paper 7:  Polluting Public Funds: The Effect of Environmental Regulations on Municipal Bonds
Authors: Akshaya Jha (Carnegie Mellon University)
Stephen A. Karolyi (U.S. Department of the Treasury)
Nicholas Z. Muller (Carnegie Mellon University)
Academic Discussant: TBA
Practitioner Discussant: TBA
Paper 8:  Guns, Oil, and Municipal Borrowing Costs: Political Costs of ESG Policies
Authors: Daniel G. Garrett (University of Pennsylvania)
Ivan T. Ivanov (Federal Reserve Board)
Academic Discussant: TBA
Practitioner Discussant: TBA
Paper 9:  Are Carbon Emissions Associated with Stock Returns?
Authors: Jitendra Aswani (Harvard University)
Aneesh Raghunandan (London School of Economics)
Shiva Rajgopal (Columbia University)
Academic Discussant: TBA
Practitioner Discussant: TBA
Thursday September 22 (2-5pm BST):               ESG Equity: Driving Real Change—Divestment vs Engagement
Session Chair:  Fabrizio Ferraro (IESE, University of Navarra)
Paper 10:  Socially Responsible Divestment
Authors: Alex Edmans (London Business School)
Doron Levit (University of Washington)
Jan Schneemeier (Indiana University)
Academic Discussant: TBA
Practitioner Discussant: TBA
Paper 11:  Decarbonizing Institutional Investor Portfolios
Authors: Vaska Atta-Darkua (University of Virginia)
Simon Glossner (University of Virginia)
Philipp Krueger (University of Geneva)
Pedro Matos (University of Virginia)
Academic Discussant: TBA
Practitioner Discussant: TBA
Paper 12:  Systematic Stewardship
Authors: Jeffrey N. Gordon (Columbia University)
Academic Discussant: TBA
Practitioner Discussant: TBA
Friday September 23 (2-5pm BST):               ESG Debt
Session Chair:  Caroline Flammer (Columbia University)
Paper 13:  Carbon Emissions and the Bank-Lending Channel
Authors: Marcin Kacperczyk (Imperial College London)
José-Luis Peydró (Imperial College London)
Academic Discussant: TBA
Practitioner Discussant: TBA
Paper 14:  ESG Lending
Authors: Sehoon Kim (University of Florida)
Nitish Kumar (University of Florida)
Jongsub Lee (Seoul National University)
Junho Oh (Hong Kong Polytechnic University)
Academic Discussant: TBA
Practitioner Discussant: TBA
Paper 15:  Nature as a Defense from Disasters: Natural Capital and Municipal Bond Yields
Authors: Claudio Rizzi (University of Miami)
Academic Discussant: TBA
Practitioner Discussant: TBA

 Conference Committee

  • Caroline Flammer (Columbia University, conference chair)
  • Fabrizio Ferraro (IESE, University of Navarra)
  • Pedro Matos (University of Virginia)
  • Laura Starks (University of Texas at Austin)

To find out more about the PRI’s Academic Research programme and access past event papers, visit our website here.

We would like to thank our Bursary and Prize Sponsor:

 

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