Advanced Sustainable Finance - Vorlesung (SoSe 2023)

Course schedule

Notice

(1)   The course material and additional information will be provided through Learnweb

(2)   Please regularly check the time table on Learnweb

Description

This class will be replaced by the class Advanced Sustainable Finance. The class Advanced Sustainable Finance focuses on the financial implications of the sustainable performance of firms. It centers around the question whether and how companies can act sustainably while maximizing shareholder value. We start by analyzing how corporate sustainability is defined and can be measured, and then link a firm’s environmental performance to its financial performance. Corporate sustainable behavior can be linked to a firm’s profitability because it affects costs and revenues. Further, recent evidence shows that sustainability has an impact on the cost of debt and equity. Within this part of the class, we also discuss Socially Responsible Investing (SRI) and the implications of issuing green bonds.
Last but not least, we analyze whether and how corporate managers can be incentivized to make firms more sustainable and how shareholders can actively promote sustainability.

Literature

Textbook:

Tricker, Bob (2015), Corporate Governance: Principles, Policies and Practices, Third Edition, Oxford: Oxford University Press

Further readings of academic articles are announced on Learnweb

Lecturers

• Prof. Dr. Nadja Guenster (responsible)
• Christoph Domnick (accompanying)