Publications | Prof. Dr. Nadja Guenster

2025

Research article (journal)

Guenster, N., Brodback, D., Pouget, S., & Wang, R. (2025). The Valuation of Corporate Social Responsibility: A Willingness to Pay Experiment. Management Science, 2025, 96. (accepted / in press (not yet published))
More details BibTeX Full text

@article{GuensterBPW2025TheValuation,
  author = {Nadja Guenster and Daniel Brodback and Sebastien Pouget and Ruichen Wang},
  title = {The Valuation of Corporate Social Responsibility: A Willingness to Pay Experiment},
  journal = {Management Science},
  year = {2025},
  volume = {2025},
  pages = {96},
  url = {https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4260824},
  note = {Publication status: accepted / in press (not yet published)}
}

2023

Research article (journal)

Paeleman, I., Guenster, N., Vanacker, T., & Siqueira, A. C. O. (2023). The Consequences of Financial Leverage: Certified B Corporations’ Advantages Compared to Common Commercial Firms. Journal of Business Ethics, 189, 507–523.
More details BibTeX Full text DOI

@article{PaelemanGVS2023TheConsequences,
  author = {Ine Paeleman and Nadja Guenster and Tom Vanacker and Ana Cristina O. Siqueira},
  title = {The Consequences of Financial Leverage: Certified B Corporations’ Advantages Compared to Common Commercial Firms},
  journal = {Journal of Business Ethics},
  year = {2023},
  volume = {189},
  pages = {507--523},
  doi = {10.1007/s10551-023-05349-5},
  url = {https://link.springer.com/article/10.1007/s10551-023-05349-5},
  note = {Publication status: Published}
}

2019

Research article (journal)

Brodback, D., Guenster, N., & Mezger, D. (2019). Altruism and Egoism in Investment Decisions. Review of Financial Economics, Special Issue: Behavioral Finance, 37(1), 118–148.
More details BibTeX DOI

@article{BrodbackGM2019AltruismAnd,
  author = {Daniel Brodback and Nadja Guenster and David Mezger},
  title = {Altruism and Egoism in Investment Decisions},
  journal = {Review of Financial Economics, Special Issue: Behavioral Finance},
  year = {2019},
  volume = {37},
  number = {1},
  pages = {118--148},
  doi = {10.1002/rfe.1053},
  note = {Publication status: Published}
}

Dreyer, C., Guenster, N., & Koegst, J. (2019). Empirical Evidence on Environmental Performance and Operating Costs. Sustainability, 11(13).
More details BibTeX Full text DOI

@article{DreyerGK2019EmpiricalEvidence,
  author = {Christian Dreyer and Nadja Guenster and Jakob Koegst},
  title = {Empirical Evidence on Environmental Performance and Operating Costs},
  journal = {Sustainability},
  year = {2019},
  volume = {11},
  number = {13},
  doi = {10.3390/su11133600},
  url = {https://www.mdpi.com/2071-1050/11/13/3600},
  note = {Publication status: Published}
}

Guenster, N., & Koegst, J. (2019). Empirical Evidence on Environmental Performance and Operating Costs. Sustainability (Sustainability (New Rochelle)), 2019.
More details BibTeX

@article{GuensterK2019EmpiricalEvidence,
  author = {Nadja Guenster and Jakob Koegst},
  title = {Empirical Evidence on Environmental Performance and Operating Costs},
  journal = {Sustainability (Sustainability (New Rochelle))},
  year = {2019},
  volume = {2019},
  note = {Publication status: Published}
}

2018

Research article (book contribution)

Guenster, N., & Koegst, J. (2018). Environmental responsibility and firm value. In Spapens, T., White, R., van Uhm, D., & Huisman, W. (Eds.), Green Crimes and Dirty Money (pp. 113–128). https://www.routledge.com/Green-Crimes-and-Dirty-Money/Spapens-White-Uhm-Huisman/p/book/9780815372219. Abingdon UK, New York, USA: Routledge.
More details BibTeX Full text

@incollection{GuensterK2018Environmental,
  author = {Nadja Guenster and Jakob Koegst},
  title = {Environmental responsibility and firm value},
  booktitle = {Green Crimes and Dirty Money},
  pages = {113--128},
  series = {https://www.routledge.com/Green-Crimes-and-Dirty-Money/Spapens-White-Uhm-Huisman/p/book/9780815372219},
  editor = {Toine Spapens and Rob White and Daan {van Uhm} and Wim Huisman},
  year = {2018},
  publisher = {Routledge},
  address = {Abingdon UK, New York, USA},
  isbn = {978-0-8153-7221-9},
  url = {https://www.routledge.com/Green-Crimes-and-Dirty-Money/Spapens-White-van-Uhm-Huisman/p/book/9780815372219},
  note = {Publication status: Published}
}

Research article (journal)

Siqueira, A. C. O., Guenster, N., Vanacker, T., & Crucke, S. (2018). A longitudinal comparison of capital structure between young for-profit social and commercial enterprises. Journal of Business Venturing, 33(2), 225–240.
More details BibTeX Full text

@article{SiqueiraGVC2018ALongitudinal,
  author = {Ana Cristina O. Siqueira and Nadja Guenster and Tom Vanacker and Saskia Crucke},
  title = {A longitudinal comparison of capital structure between young for-profit social and commercial enterprises},
  journal = {Journal of Business Venturing},
  year = {2018},
  volume = {33},
  number = {2},
  pages = {225--240},
  url = {http://www.sciencedirect.com/science/article/pii/S0883902616303330?_rdoc=1&_fmt=high&_origin=gateway&_docanchor=&md5=b8429449ccfc9c30159a5f9aeaa92ffb&ccp=y},
  note = {Publication status: Published}
}

2017

Research article in proceedings (conference)

Guenster, N., Vanacker, T., & Crucke, S. (2017). The Financing of For-Profit Social Enterprises. In Proceedings of the 37TH BABSON COLLEGE ENTREPRENEURSHIP RESEARCH CONFERENCE AND DOCTORAL CONSORTIUM, Norman, OK, USA. (accepted / in press (not yet published))
More details BibTeX

@inproceedings{GuensterVC2017TheFinancing,
  author = {Nadja Guenster and Tom Vanacker and Saskia Crucke},
  title = {The Financing of For-Profit Social Enterprises},
  booktitle = {Proceedings of the 37TH BABSON COLLEGE ENTREPRENEURSHIP RESEARCH CONFERENCE AND DOCTORAL CONSORTIUM},
  year = {2017},
  address = {Norman, OK, USA},
  note = {Publication status: accepted / in press (not yet published)}
}

Koegst, J., & Guenster, N. (2017). Empirical Evidence on Environmental Performance and Operating Costs*. In Proceedings of the 2017 Corporate Responsibility Research Conference, Sevillia, Spanien. (accepted / in press (not yet published))
More details BibTeX

@inproceedings{KoegstG2017EmpiricalEvidence,
  author = {Jakob Koegst and Nadja Guenster},
  title = {Empirical Evidence on Environmental Performance and Operating Costs*},
  booktitle = {Proceedings of the 2017 Corporate Responsibility Research Conference},
  year = {2017},
  address = {Sevillia, Spanien},
  note = {Publication status: accepted / in press (not yet published)}
}

Koegst, J., & Guenster, N. (2017). Empirical Evidence on Environmental Performance and Operating Costs*. In Proceedings of the 2017 AFFI International Conference, Valence, Frankreich. (accepted / in press (not yet published))
More details BibTeX

@inproceedings{KoegstG2017EmpiricalEvidence,
  author = {Jakob Koegst and Nadja Guenster},
  title = {Empirical Evidence on Environmental Performance and Operating Costs*},
  booktitle = {Proceedings of the 2017 AFFI International Conference},
  year = {2017},
  address = {Valence, Frankreich},
  note = {Publication status: accepted / in press (not yet published)}
}

Koegst, J., & Guenster, N. (2017). Empirical Evidence on Environmental Performance and Operating Costs*. In Proceedings of the Forschungsseminar Open Universiteit Netherlands Heerlen, Heerlen Niederland. (accepted / in press (not yet published))
More details BibTeX

@inproceedings{KoegstG2017EmpiricalEvidence,
  author = {Jakob Koegst and Nadja Guenster},
  title = {Empirical Evidence on Environmental Performance and Operating Costs*},
  booktitle = {Proceedings of the Forschungsseminar Open Universiteit Netherlands Heerlen},
  year = {2017},
  address = {Heerlen Niederland},
  note = {Publication status: accepted / in press (not yet published)}
}

Siqueira, A. C., Guenster, N., Vanacker, T., & Crucke, S. (2017). How capital structure emerges and evolves differently in young for-profit social enterprises compared to commercial enterprises (zuvor Do for-profit social enterprises need new theories? A study of capital structure). In Proceedings of the 2017 Academy of Management Meeting, Atlanta, Georgia, USA. (accepted / in press (not yet published))
More details BibTeX

@inproceedings{SiqueiraGVC2017HowCapital,
  author = {Ana Cristina Siqueira and Nadja Guenster and Tom Vanacker and Saskia Crucke},
  title = {How capital structure emerges and evolves differently in young for-profit social enterprises compared to commercial enterprises (zuvor Do for-profit social enterprises need new theories? A study of capital structure)},
  booktitle = {Proceedings of the 2017 Academy of Management Meeting},
  year = {2017},
  address = {Atlanta, Georgia, USA},
  note = {Publication status: accepted / in press (not yet published)}
}

Research article (journal)

Siqueira, A. C., Sacramento, I., Guenster, N., & Bethem, J. (2017). Pedagogical methods for sustainable development: business educational projects generating direct impact on stakeholders through fundraising and fund management. International Journal of Innovation and Sustainable Development, 11(4), 377–392.
More details BibTeX DOI

@article{SiqueiraSGB2017Pedagogical,
  author = {Ana Cristina Siqueira and Isabella Sacramento and Nadja Guenster and Jacob Bethem},
  title = {Pedagogical methods for sustainable development: business educational projects generating direct impact on stakeholders through fundraising and fund management},
  journal = {International Journal of Innovation and Sustainable Development},
  year = {2017},
  volume = {11},
  number = {4},
  pages = {377--392},
  doi = {10.1504/IJISD.2017.10003847},
  url = {www.inderscience.com/ijisd},
  note = {Publication status: Published}
}

2014

Research article in proceedings (conference)

Dea, D., Sacramento, I., Mariano, S. R., Rocha, S. B., Guenster, N., Cruz, L. B., & Pozzebon, M. (2014). Empower Assurance of Learning through Sustainability and Social Entrepreneurship Active Learning. In Proceedings of the 74th Annual Meeting of the Academy of Management "The Power of Words", Philadelphia, Pennsylvania, USA. (accepted / in press (not yet published))
More details BibTeX

@inproceedings{DeaSMRGCP2014EmpowerAssurance,
  author = {Debra Dea and Isabella Sacramento and Sandra R.H. Mariano and Saulo Barroso Rocha and Nadja Guenster and Luciano Barin Cruz and Marlei Pozzebon},
  title = {Empower Assurance of Learning through Sustainability and Social Entrepreneurship Active Learning},
  booktitle = {Proceedings of the 74$^{th}$ Annual Meeting of the Academy of Management "The Power of Words"},
  year = {2014},
  address = {Philadelphia, Pennsylvania, USA},
  note = {Publication status: accepted / in press (not yet published)}
}

2012

Research article (book contribution)

Guenster, N. (2012). The Performance Implications of SR Investing: Past versus Future. In Baker, H. K., & Nofsinger, J. R. (Eds.), Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors, and Activists (pp. 443–454). Kolb, Robert W. Series in Finance. John Wiley & Sons.
More details BibTeX Full text DOI

@incollection{Guenster2012ThePerformance,
  author = {Nadja Guenster},
  title = {The Performance Implications of SR Investing: Past versus Future},
  booktitle = {Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors, and Activists},
  pages = {443--454},
  series = {Kolb, Robert W. Series in Finance},
  editor = {H. Kent Baker and John R. Nofsinger},
  year = {2012},
  publisher = {John Wiley & Sons},
  isbn = {9781118100097},
  doi = {10.1002/9781118524015.ch23},
  url = {http://onlinelibrary.wiley.com/doi/10.1002/9781118524015.ch23/summary},
  note = {Publication status: Published}
}

2011

Research article (journal)

Guenster, N., Bauer, R., Derwall, J., & Koedijk, K. (2011). The Economic Value of Corporate Eco-Efficiency. European Financial Management, 17(4), 679–704.
More details BibTeX Full text DOI

@article{GuensterBDK2011TheEconomic,
  author = {Nadja Guenster and Rob Bauer and Jeroen Derwall and Kees Koedijk},
  title = {The Economic Value of Corporate Eco-Efficiency},
  journal = {European Financial Management},
  year = {2011},
  volume = {17},
  number = {4},
  pages = {679--704},
  doi = {10.1111/j.1468-036X.2009.00532.x},
  url = {http://onlinelibrary.wiley.com/doi/10.1111/j.1468-036X.2009.00532.x/epdf},
  note = {Publication status: Published}
}

2009

Thesis (doctoral or post-doctoral)

Guenster, N. (2009). Investment Strategy based on Social Responsibility and Bubbles. at the RSM Erasmus University, Erasmus Research Institute of Management (ERIM). ERIM Ph. D. series research in management: Vol. 175. Rotterdam: Erasmus University Rotterdam — Erasmus Research Institute of Management (ERIM).
More details BibTeX Full text

@phdthesis{Guenster2009Investment,
  author = {Nadja Guenster},
  title = {Investment Strategy based on Social Responsibility and Bubbles},
  school = {RSM Erasmus University, Erasmus Research Institute of Management (ERIM)},
  series = {ERIM Ph. D. series research in management},
  volume = {175},
  year = {2009},
  publisher = {Erasmus University Rotterdam --- Erasmus Research Institute of Management (ERIM)},
  address = {Rotterdam},
  isbn = {978-905892-206-9},
  url = {http://repub.eur.nl/pub/16209/},
  note = {Publication status: Published}
}

2005

Research article (journal)

Guenster, N., Bauer, R., Derwall, J., & Koedijk, K. (2005). The Eco-Efficiency Premium Puzzle. Financial Analysts Journal, 61(2), 51–63.
More details BibTeX Full text DOI

@article{GuensterBDK2005TheEcoEfficiency,
  author = {Nadja Guenster and Rob Bauer and Jeroen Derwall and Kees Koedijk},
  title = {The Eco-Efficiency Premium Puzzle},
  journal = {Financial Analysts Journal},
  year = {2005},
  volume = {61},
  number = {2},
  pages = {51--63},
  doi = {10.2469/faj.v61.n2.2716},
  url = {http://www.cfapubs.org/doi/abs/10.2469/faj.v61.n2.2716?journalCode=faj},
  note = {Publication status: Published}
}

2004

Research article (journal)

Bauer, R., Guenster, N., & Otten, R. (2004). Empirical Evidence on Corporate Governance in Europe: The Effect on Stock Returns, Firm Value and Operating Performance. Journal of Asset Management, 5(2), 91–104.
More details BibTeX Full text

@article{BauerGO2004EmpiricalEvidence,
  author = {Rob Bauer and Nadja Guenster and Roger Otten},
  title = {Empirical Evidence on Corporate Governance in Europe: The Effect on Stock Returns, Firm Value and Operating Performance},
  journal = {Journal of Asset Management},
  year = {2004},
  volume = {5},
  number = {2},
  pages = {91--104},
  url = {http://www.palgrave-journals.com/jam/journal/v5/n2/abs/2240131a.html},
  note = {Publication status: Published}
}

Non-scientific contribution (journal)

Bauer, R., Frentrop, P., de Ruiter, H., & Guenster, N. (2004). Corporate Governance: A Review of the Debate in The Netherlands and Empirical Evidence on the Link with Financial Performance. VBA Journaal, 20(4), 19–34.
More details BibTeX Full text

@article{BauerFDRG2004CorporateGovernance,
  author = {Rob Bauer and Paul Frentrop and Hans {de Ruiter} and Nadja Guenster},
  title = {Corporate Governance: A Review of the Debate in The Netherlands and Empirical Evidence on the Link with Financial Performance},
  journal = {VBA Journaal},
  year = {2004},
  volume = {20},
  number = {4},
  pages = {19--34},
  url = {http://pub.maastrichtuniversity.nl/d6b6bcd6-7259-4f00-b5ab-36d35d23006b},
  note = {Publication status: Published}
}

2003

Non-scientific contribution (journal)

Bauer, R., & Guenster, N. (2003). Goed bestuur loont voor beleggers. Economisch-statistische berichten, 2003, 202–204.
More details BibTeX

@article{BauerG2003GoedBestuur,
  author = {Rob Bauer and Nadja Guenster},
  title = {Goed bestuur loont voor beleggers},
  journal = {Economisch-statistische berichten},
  year = {2003},
  volume = {2003},
  pages = {202--204},
  note = {Publication status: Published}
}