oikos Young Scholars Finance Academy 2016
In collaboration with GARI (The Henley Centre for Governance, Accountability and Responsible Investment), Henley Business School
Sustainable Investment - Sources, Goals and Impact
September 11 - 15, 2016
Henley Business School in Reading, UK
oikos and the Henley Centre for Governance, Accountability, and Responsible Investment (GARI) will convene the sixth oikos Young Scholars Finance Academy from September 11 to 15, 2016, in Reading, United Kingdom.
The academy provides a unique platform for exceptional PhD and post-doctoral researchers in the field of finance and sustainability to advance their research and expand their international research relations. Participants will benefit from presenting and discussing their work in progress with leading academics and professionals who will provide feedback and share advice on the research presented and academic career development. The event includes a practitioner day, a paper development workshop, coaching on professional development, and recreational outdoor excursions.
Sustainable Investment - Sources, Goals and Impact
Investment considering environmental, social, and governance (ESG) factors reached approximately 30% of long-term assets under management globally, up from 22% in 2012, according to the Global Sustainable Investment Alliance. Some of the biggest institutional investors in the world have started to back mandatory reporting of ESG issues, such as emission of air pollutants, water stress and safety issues.
According to Environmental Finance in 2015, $40.8 billion worth of Green Bonds have been issued, compared with about $36.6 billion in 2014.
To address the problem of climate change, more than 500 institutions, with $3.4 trillion of assets under management, have committed to divestment before the UN climate conference in Paris in December 2015, according to 350.org and Divest Invest.
At the same time following the global financial crisis, regulators and the financial industry are debating and implementing policies aimed at preventing risky and unsustainable financial practices.
What are the incentives driving investment choices, investor engagement and corporate decisions when opting for or against sustainable strategies? What are the different products and approaches in sustainable finance and what is their impact? How can successful strategies be scaled up?
To answer these and further questions, we invite papers on, among others, the following topics:
- Behavioural finance and incentives for investments
- Speculation and inefficiencies in financial markets
- Short-termism: evidence and causes
- Corporate social responsibility and financial performance
- Impact Finance, Green Bonds
- Integration of environmental, social and governance (ESG) criteria in investments, lending and insurance offerings
- Structural changes in engagement and activism processes
- Biodiversity and carbon accounting
- Integrative reporting and its use by investors
The faculty of the 2016 academy are:
Jill Atkins is Professor of Accounting and Financial Management at Henley Business School, University of Reading. Her primary research interests within the overarching area of corporate governance include institutional investor engagement and dialogue, responsible investment, stakeholder accountability, integrated reporting, pension fund governance and sustainability issues in accounting and finance.
Mike Barnett is Professor of Management & Global Business at Rutgers Business School. He researches how firms' efforts at stakeholder management, through acts of corporate social responsibility and via communal institutions such as industry trade associations, influence their reputations and financial performance and affect society.
His scholarship has been recognized with numerous awards, to include annual Best Paper Awards from the Academy of Management Journal, Academy of Management Proceedings, and the International Association for Business & Society, as well as Finalist for the Aspen Institute's Faculty Pioneer Award.
Sebastien Pouget is Professor of Finance at IAE Toulouse and member of the Toulouse School of Economics (Université Toulouse 1 Capitole). In 2010-2011, he was a visiting Professor of Economics at Princeton University where he taught asset management and behavioral finance. Prof. Pouget’s research studies financial markets with a multidisciplinary approach combining insights from economics, psychology and history. His research has been published in international academic journals such as Econometrica, Management Science, the Journal of Finance and the Review of Economic Studies. Prof. Pouget is co-director of a research center on Sustainable Finance and Responsible Investment supported by around ten asset managers and asset owners.
Participants, Location & Fee
The academy promotes intensive learning and exchange through in-depth discussion and feedback. Space is therefore limited to 15 PhD and post-doctoral researchers. The academy will take place at the Whiteknights Campus in Reading, close to London. The participant fee is 400 CHF and covers hotel accommodation, catering and extra-curricular excursions.
You can apply via the online form here. Please send CV and presentation to . The application includes
- your cover letter with a brief bio and motivation to participate (not more than 400 words),
- your CV,
- an abstract (not more than 300 words) and an up to 10 slide presentation of the PhD or post-doctoral research paper, which covers the working title, the topic, how it is addressed and how the paper fits into a wider academic literature.
The application deadline has been extended to May 22, 2016. We will notify all candidates by June, 2016. You will have to submit your final paper by August 2, 2016.
In case of questions, contact us on .
The bios of the participants of the 2016 academy will be uploaded in June.
The organizers of the 2016 academy:
Chris Biehl is currently working as a doctoral researcher at the Henley Centre of Governance, Accountability and Responsible Investment, based at the Henley Business School in the United Kingdom. His research focus is responsible investment and corporate governance in Japan. In the past Christoph has worked as Project Manager Asia for the Centre for Responsible Banking and Finance at the University of St Andrews and as a consultant to the UN-supported PRI Academic Network. As part of these two appointments he (co-)organised international conferences and leadership events, e.g. the Asia-Pacific session at the MSCI Global Leadership Forum 2013. Prior to the PhD Christoph has completed a master degree (distinction) at the University of St Andrews and a first class bachelor degree at the University of Bayreuth. He is also alumnus of the scholarship programme of the German Konrad Adenauer Foundation.
Lena Hörnlein is a PhD student at the University of Zurich’s Department for Banking and Finance. Her PhD thesis analyses incentives for investment in a low-carbon energy supply. For oikos she manages the Case Writing Competition and organises the Finance Academy, among other tasks. Lena holds a bachelor degree in Philosophy and Economics from the University of Bayreuth, Germany, and a master degree in Environmental Economics and Climate Change from London School of Economics. She has worked with GIZ, the German development agency, as a climate policy expert at the Tunisian Ministry of the Environment. Lena has completed previous assignments for the German Environment Ministry, the German development bank KfW, the consulting firm Perspectives and the University of Zurich in a research project on the UN climate negotiations.
Stefano Ramelli is oikos PhD fellow at the University of Zurich’s Department for Banking and Finance. His research interests are mainly related to sustainable finance, corporate governance and business ethics. He studied economics at the University of Milano-Bicocca (Italy) and obtained a Master of Science in Economics at the University of Edinburgh (UK). Stefano has worked as intern at the European Commission on industrial competitiveness and energy efficiency, and then spent five years working in the field of social finance and socially responsible investments.
Impressions from previous academies: