Sustainable Finance (funded until 2021)
In line with the objective of CSS to broaden the understanding of social and economic institutions and processes of modern societies with regard to sustainability, the working group "Sustainable Finance" focuses on companies and capital markets under changing social and political conditions.
The research interest of the working group "Sustainable Finance" focuses on CSS’ key research subject "Financial Markets" and is directed at two main areas:
On the one hand, the increased interest in Sustainable Finance means that companies are rethinking their management processes and increasingly taking sustainability aspects into account in corporate decisions. This results in research questions for the working group on the implementation of sustainability management in companies and on capital market reactions to improvements in corporate sustainability performance.
On the other hand, the stronger interest in Sustainable Finance has resulted in new requirements for corporate reporting. Capital market participants increasingly need non-financial information related to relevant sustainability issues. In the past, companies were left, at least to a large extent, to provide such information on a voluntary basis. Recently, capital market-oriented companies in the EU have been obliged to report certain non-financial information in their annual financial statements. This raises questions to be explored by the working group about the effect of mandatory reporting and how it is received by the capital market.
Find out more about the work of the Research Group on Sustainable Finance at WISO by clicking here |
Bassen
Prof. Dr. Alexander Bassen (Business Admininstation with a focus on Capital Markets and Management) is a member of the German Council for Sustainable Development (Rat für Nachhaltige Entwicklung), member of the Advisory Board for Sustainable Finance of the German Federal Ministry of Finance, Honorary Research Associate at the Smith School (University of Oxford), Visiting Professor at the ICMA Centre (University of Reading) and Head of the Center for a Sustainable (KNU) at Universität Hamburg. His research focuses on Environment, Social and Governance (ESG) from a capital market perspective. |
Prof. Dr. Timo Busch's (Business Administration with a cous on Management and Sustainability) research activities in the area of "Sustainable Finance" focus on the business case of sustainability. He also examines the impacts of sustainable investments and financial investments. |
Prof. Dr. Kerstin Lopatta (Business Administration with a focus on Financial Accounting, Auditing and Sustainability) is dedicated to researching empirical questions of financial accounting and sustainability. She also conducts research on the interfaces between financial accounting, sustainability, corporate finance and corporate governance. |
Prof. Dr. Frank Schiemann (Business Administration with a focus on Accounting) deals in his research with non-financial reporting, especially sustainability and climate reporting. In a current research project funded by DFG, he is investigating the effects of mandatory publication of corporate CO2 emissions on efforts to reduce emissions and financial consequences. |