PRI_Academic Seminar Series_Marco Becht

Date: Friday, 8 March 2024
Time: 09:30-11:00 ET; 14:30-16:00 GMT; 15:30-17:00 CET; 22:30-00:00 HKT
Platform: Zoom

The PRI Academic Seminar Series invites leading ESG experts to present their research to academic scholars and investors.

The aim of the series is to:

  • enable investors to learn from cutting edge research and engage with authors directly
  • give world thought leaders in responsible investing the opportunity to present their work and obtain valuable feedback
  • provide an opportunity to junior scholars to network with the speaker and obtain career advice
  • be more inclusive and strengthen our global PRI Academic Network community throughout the year

Each session will consist of two parts:

  • Part 1: Presentation (60min interactive seminar) – open to all
  • Part 2: Network opportunity and career advice for junior scholars with speaker (30min) – open to PhD students and junior faculty

Seminar organiser: Laura Starks (Professor of Finance, University of Texas) 




Join us on Friday, 8 March to hear from:

Marco Becht

Marco Becht
Solvay Brussels School of Economics and Management (ULB);
European Corporate Governance Institute (ECGI);
Centre for Economic Policy Research (CEPR)
Read Marco’s bio

Paper: Voice Through Divestment
Abstract: A common argument against divestment is that it discards voting power and has a small effect on stock prices. We argue that divestment is a statement of disapproval that aligns actions with words for effectiveness. We show that the Go Fossil Free divestment movement is a narrative with impact. Viral divestment pledges depressed the share prices of all high carbon emitters, including those with no divestment. Peak virality coincided with a concurrent rise in the carbon premium and preceded net-zero commitments. The introduction of these commitments effectively recast divestment from a moral statement to a strategic exercise in risk management.


Continue the conversation on our Academic Seminar Series 2023/24  discussion forum, hosted on the PRI Collaboration Platform.

The Collaboration Platform is a unique forum that allows PRI signatories and academics to collaborate, pool resources, share information and enhance their influence on ESG issues. It offers a platform for academics and investors to connect, fostering engagement and collaboration in research endeavours. Sign up to the Collaboration Platform here: