Sustainability and Capital Markets: Do investors care about ESG?

발표제목

Sustainability and Capital Markets: Do investors care about ESG?

발표요약문

This talk is based on several research projects in which I examine whether, why and how investors consider ESG information in their investment decisions. I will show empirical evidence gathered from a large survey with institutional investors as well as based on asset allocation decisions in investment portfolios of European private wealth investors. The aim of the talk is to provide summary evidence about investor attitudes towards sustainability, the strategies they employ and their motivations, and to highlight implications for corporate issuers. I will also point out still unanswered questions in this field and make some suggestions for future research.

강연자

Dr. Amir Amel-Zadeh, Associate professor at Saïd Business School, University of Oxford, United Kingdom

Dr. Amir Amel-Zadeh is an associate professor at Saïd Business School, University of Oxford, United Kingdom. He received his PhD in Finance from the Judge Business School, University of Cambridge, in 2009. His research examines the effects of companies’ financial and non-financial information disclosures on capital markets and the mediating role of accounting standards and information intermediaries. Dr. Amir’s research has been published in leading academic and practitioner journals such as The Accounting Review, Review of Accounting Studies, and Financial Analyst Journal. His work has been cited by the business press such as the Financial Times and the Guardian as well as in a variety of policy documents by the EU, Bank of International Settlements, IMF, World Economic Forum and by accounting standard setters. His research plans revolve around the determinants, characteristics, and economic consequences of companies' information disclosures, including financial and non-financial reporting, and the role of information intermediaries such as analysts and other third-party information producers in this process.

Amel-Zadeh, A., & Serafeim, G. (2018). Why and how investors use ESG information: Evidence from a global survey. Financial Analysts Journal, 74(3).

Amel-Zadeh, A., Barth, M. E., & Landsman, W. R. (2017). The contribution of bank regulation and fair value accounting to procyclical leverage. Review of Accounting Studies.

Amel-Zadeh, A., Scherf, A., & Soltes, E. F. (2019). Creating Firm Disclosures. Journal of Financial Reporting, 4(2).

Amel-Zadeh, A., & Zhang, Y. (2015). The economic consequences of financial restatements: Evidence from the market for corporate control. Accounting Review, 90(1).

발표자료 및 토론영상

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