Kishan Changlani’s Post

Department of Banking and Financial Management University of Piraeus Academic Seminar Series Thursday, April 11th, 2024 / Time: 16:15 – 17:30, Online Climate Transition Beliefs, Ramelli Stefano, University of St. Gallen Abstract: We study expectations about the trajectory of the energy transition (climate transition beliefs) as drivers of “green” investment decisions and financial performance expectations. In a survey of U.S. retail investors (N=1,007), we document considerable heterogeneity in climate transition beliefs at different horizons. More optimistic climate transition beliefs are associated with higher expected green financial performance and preferences for green investments, especially for investors without strong pro-environmental attitudes. A pre-registered information provision experiment (N=3,003) provides causal evidence on the link between climate transition beliefs and investment behavior. By influencing the availability of capital for green projects, the prevailing narratives and beliefs around the energy transition can have self-fulfilling tendencies. Stefano Ramelli is an Assistant Professor at the University of St. Gallen and a faculty member at the Swiss Finance Institute. He completed his PhD at the University of Zurich in 2021 with the dissertation "Finance in the Climate Crisis: Preferences, Policies, and Prospects". His research interests and areas of expertise are corporate finance, financial markets, and sustainable finance, with publications in Review of Finance and Review of Corporate Finance Studies. Further information is available at his personal web-site https://lnkd.in/g-uCysvM. This seminar will be online on Teams. https://lnkd.in/gHrqmYzD

I am happy to share that I have completed the 'An Introduction to Sustainable Finance' course implemented by the University of Oxford s P3SA: Public and Third Sector Academy for Sustainable Finance! #sustainablefinance #greenfinance #circulareconomy

Our #summercourse in #sustainablefinance is starting again in July. This course is for #PhDstudents, who are doing research in this field. Last year, I gave the course for the first time based on the latest literature in the field and our new textbook Corporate Finance for Long-Term Value. It was great to see the participating PhD students presenting new research ideas in the field of sustainable finance on the last day. https://lnkd.in/ea8feWQX

The Intricacies of "Value versus Values" A few weeks ago, I delved into the paper "Value versus Values" by Laura Starks and offered some initial thoughts. Since then, the concept has been a recurring theme in my reflections, especially as I observe my friends' varying attitudes toward ESG considerations. Some are ardent advocates, while others seem to hardly notice its relevance. Today, I offer a short exploration into why this dichotomy matters financially. In today's volatile financial markets, the age-old tension between the quest for monetary gains and the commitment to ethical principles stands out. This tension transcends the circle of investors and affects anyone who engages in financial transactions. Intriguingly, the origins of this conflict can be traced back to the early days of impact investing and ethical funds. Contrary to popular belief that ESG investing is a recent innovation, the concept of ethical considerations in investments has a rich history. A prime example comes from the Quakers in the 18th century, who set a precedent by refusing to invest in companies associated with the slave trade. Their actions laid the foundation for the intricate ESG strategies we see in today's financial markets. The conflict between "value" and "values" is an ongoing discussion with centuries-old roots rather than just a contemporary one. Understanding this historical foundation can provide priceless insights for making decisions that are both financially prudent and morally sound as we traverse the intricacies of today's financial landscape. The original article can be found here https://afajof.org/

Our Introduction to Sustainable Finance course will enable public servants and third sector representatives to: 🟣 Understand the purpose of finance and the structure of the financial system; 🟣 Analyse the role of public policy in motivating investment into sustainability; 🟣 Assess how and why policies, regulations, and supervisory expectations related to sustainable finance are evolving; 🟣 Evaluate what it means to have impact through sustainable finance. Apply to join our next cohort by 8th April: https://lnkd.in/daJDrhJ2 Smith School of Enterprise and the Environment - University of Oxford #ProfessionalDevelopment #publicsector #thirdsector #sustainablefinance

With great pleasure, I would like to invite you to the forthcoming International Virtual Research Seminar in Finance - on 21 November at 2:50pm (GMT), Professor Tracy Wang, John Spooner Professor of Finance at Carlson School of Management, University of Minnesota, USA, will talk about “Political Divide and the Composition of Households' Equity Portfolios”, i.e., how political views on social and environmental issues, and not economic expectations, impact how U.S. households invest. To register for the seminar, please use the FMA webpage #finance #research #seminars #esg #esginvesting #portfolioconstruction #expectations #behaviouralfinance #households #householdfinances #politicalcampaign #environmental #social

Become a finance leader driving #sustainability and positive social change: the Cambridge Master of Finance offers courses like Sustainable Finance, The Circular Economy and Wealth Management, that focus on sustainable investing and making a difference in the financial world. With these courses, you'll learn how to align financial decisions with environmental and social impact. Learn more 👇 #ESG #finance

https://lnkd.in/eUfyc3Ya a new paper now fully available online on how and where finance research links to the UNSDGs, and how to map these to finance research.

How does sustainable finance work? This new paper outlines the mechanisms through which sustainability is impacted from finance through the real economy.

I’d also consider combined degrees such as finance/economics with engineering/science. Agree that #systems thinking is key, along with agility to work across disciplines. Financial Times: Teaching #sustainablefinance can only better equip students to understand systemic risks