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146 records from EconBiz based on author Name
1. ESG disclosure as advertisement of corporate bond issuances
Hoepner, Andreas G. F.; Schiemann, Frank; Schneider, Fabiola;2024
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link
2. On the origin of green finance policies
Cojoianu, Theodor; French, Declan; Hoepner, Andreas G. F.; Sheenan, Lisa; Vu, Anh;2024
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link
3. Exploring the essence of the EU sustainable finance disclosure regulation : defining sustainability by what it is or what it is not?
Dekker, Danny; Grubnic, Suzana; Hoepner, Andreas G. F.; Vivian, Andrew;2024
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link
4. Are cities venturing green? : a global analysis of the impact of green entrepreneurship on city air pollution
Cojoianu, Theodor F.; Hoepner, Andreas G. F.; Hu, Xi; Ramadan, Moustafa; Veneri, Paolo; Wójcik, Dariusz;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link 5. Ethics and banking : do banks divest their kind?
abstractA growing group of institutional investors use divestment strategically to deter misconducts that are harmful for the climate and society. Based on Kantian ethics, we propose that divestment represents investors' universal and absolute moral commitment to socially responsible investing (SRI). Following categorical and hypothetical imperatives and reciprocity as a norm, we hypothesize how institutional investors' commit to SRI through a divestment strategy against ethically reprehensible behaviour of banks, especially when these investors represent banks themselves. Using a hand-collected database of the revelation dates of enforcement actions on banks, we find evidence that banks are less likely to divest equity holding on banks with misconduct (fined banks) than their non-bank institutional investors peers. Banks that commit to invest responsibly by signing for the Principles for Responsible Investment (PRI) are not significantly more likely to divest on fined banks stocks than non-signatory banks. Moreover, divestment of fined banks whose own legitimacy to operate is in question is not significantly different from non-fined banks divestment. We find that European banks are more inclined to sell their holdings permanently on fined banks than their United States peers. Therefore, bank's moral commitment to SRI via divestments is influenced more by cultural and reciprocity norms than their moral commitment to participate in the PRI.
Guisande, Diego P.; Harjoto, Maretno Agus; Hoepner, Andreas G. F.; O'Sullivan, Conall;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link 6. Efficacy of Non-Pharmacological Interventions Before COVID Mass Vaccination : An Open Data Study Across 185 Countries
abstractVarious non-pharmaceutical interventions (NPIs) were adopted by countries worldwide to contain the transmission of COVID-19. But their implementation raises a debate on the effectiveness of these mitigation measures. Studying 13 types of NPIs with the daily data of 185 countries from January to December 2020, we find NPIs, in general, are effective in reducing the COVID-19 reproduction rate. But strikingly, we see the set of effective NPIs is rather regional-specific, and only a few (1--4 out of 13) NPIs seem effective. Notably, we find NPIs relating to restricting the population’s movement (e.g., stay at home) are less pronounced, while NPIs pertaining to financial support (e.g., debt and contract relief) are more prevailingly effective among different regions. Our results shed light for public-health policymakers to find a balance between the cost and benefits of restrictions and infections
Hoepner, Andreas G. F.; Hoepner, Robert; Leippold, Markus; Lin, Ming-Tsung; Lin, Yanan;2023
Availability: Link Link
7. Do ESG preferences survive in the trading room? : an experimental study
Bassen, Alexander; Gibson, Rajna; Hoepner, Andreas G. F.; Klausmann, Johannes; Oikonomou, Ioannis;2023
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link
8. ESG shareholder engagement and downside risk
Hoepner, Andreas G. F.; Oikonomou, Ioannis; Sautner, Zacharias; Starks, Laura T.; Zhou, Xiao Yan;2023
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link
9. Sustainability Disclosure Channels and Firm Risk : Evidence from Initiated and Continued Social Disclosure between SEC-Filings, Sustainability Reports, and Financial Reports
abstractFirms can disclose social information via different channels such as SEC filings, stand-alone sustainability reports, or financial reports. Based on the notion that investors interpret such disclosures from a risk perspective, we analyse how disclosure via each of the three channels relates to idiosyncratic risk. Studying S&P 1,500 constituents between 2011 and 2015, we distinguish between initiated and continued disclosure along the disclosure channels. We find initiated disclosure of social issues via SEC filings is related to increased idiosyncratic firm risk, while this is not the case for the other two channels. Continuous disclosure of social issues is related to lower idiosyncratic risk, which is in line with the literature. The SEC filing effect is robust for downside idiosyncratic risk measures, the separation of social disclosure into human capital, product liabilities, stakeholder relations, and for propensity score matching. Our findings challenge the notion that sustainability disclosures are universally risk reductive
Hoepner, Andreas G. F.; Korca, Blerita; Schiemann, Frank;2023
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link Link
Citations: 1 (based on OpenCitations)
10. Beyond Climate : `EU taxonomy' criteria, materiality, and CDS term structure
abstractThis paper examines the impact of the EU Taxonomy's non-climate environmental criteria on the corporate credit risk term structure. We focus on infrastructure firm-level credit risk transmitted through CDS with differential maturities (e.g., ten-year minus one-year) in relation to biodiversity, water risks, and pollution prevention to understand the incentives created by these criteria for green infrastructure investments. Where these criteria describe risks of the environment for the firm (i.e., conventional materiality), we find that firms managing any of these three risks best have up to 93bps better relative long-term refinancing conditions than the worst ones. With respect to the second part of double materiality (i.e., the impact of the firm on the environment), we find statistically significant results only for pollution prevention of up to 70bps. Unexpected political right-wing shocks, such as the Trump election, had reversing effects on biodiversity and pollution prevention but not on water risks. These reversals were evident on the short end of the CDS curve but modest on the long end. Overall, our results suggest that investors appear to credit better management of the environmental criteria beyond climate with improved long-term financing conditions on infrastructure investments
Hoepner, Andreas G. F.; Klausmann, Johannes; Leippold, Markus; Rillaerts, Jordy;2023
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link Link