All Academic research articles
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Blog postThe value of diversity, equity, and inclusion: Beyond the tick-box approach
New ideas, and superior financial performance, stem from cognitive rather than purely demographic diversity
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Blog postExcluding high-emitting companies from sustainable funds is counterproductive
Rather than incentivising heavy polluters to cut back, such an approach may cause them to pollute more
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Blog postHow exposure to weather events can affect analysts’ earning forecasts
Understanding how analysts perceive future climate-related physical risks is key to assessing the effects of climate change
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Blog postDoes biodiversity risk affect asset prices?
We found that biodiversity and climate risks should be understood and priced separately
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Blog postSpotlight Series Part 2: New members of the PRI Academic Network Advisory Committee
The PRI is delighted to welcome the following new members to the Academic Network Advisory Committee. They bring a wealth of expertise from academia and investment practice.
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Blog postSpotlight Series Part 1: New members of the PRI Academic Network Advisory Committee
The PRI is delighted to welcome the following new members to the Academic Network Advisory Committee. They bring a wealth of expertise from academia, policy and investment practice across fields ranging finance, law, management, market strategy, corporate governance and RI.
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Blog postAre carbon emissions associated with stock returns?
By Jitendra Aswani, Harvard University; Aneesh Raghunandan, London School of Economics; and Shivaram Rajagopal, Columbia University
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Blog postHow best to implement net-zero pledges to achieve corporate decarbonisation
By Harrison Hong and Neng Wang, Columbia University; and Jinqiang Yang, Shanghai University of Finance
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News and press
PRI launches online platform to enhance academic-investor dialogue
The PRI has today launched the Academic Network Online – a unique platform that will connect 4,000 academics and investment practitioners to enhance dialogue and foster relationship-building.
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News and press
PRI announces plans to reimagine, look beyond modern portfolio theory
Examining the limitations of modern portfolio theory (MPT), the PRI has announced a programme of activities designed to analyse and consider the possibilities of investment decision making.
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Blog post
Social cohesion and inclusive growth: Investment risks and opportunities
Social cohesion is an increasing concern in the investment sphere, skewing traditional notions and models.
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Blog post
How and where will millennials invest?
Millennials are changing the nature of finance and how it works (or doesn’t), corporations, the investment and pensions industry, and investment itself.
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Blog postHandle with care: the empowered millennial
Millennials are more empowered than previous generations and they know what they want: to invest in the “future”.
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Blog postHow ESG engagement creates value: bringing the corporate perspective to the fore
Corporate engagement on environmental, social and governance (ESG) issues is on the rise among investors. However, the mechanisms through which value is typically created have hitherto been an underexplored area, particularly from a corporate perspective.
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Blog postLocal leads, backed by global scale: the drivers of successful engagement
The PRI encourages and facilitates collaborative engagement, yet robust evidence of its effectiveness in driving corporate change and creating value for investors remains elusive.
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Blog postBeyond modern portfolio theory – how investors can mitigate systemic risk through the portfolio
The near universally adopted modern portfolio theory (MPT) put forward by Nobel laureate Harry Markowitz in 1952 is blind to the effect of portfolio investment on the capital markets’ overall risk/return profile and on the macro systems upon which the market relies for stability.
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Blog postLong-term social issues drive economic growth, so why aren't investors behind the wheel?
Long-term social issues – the ‘S’ in ESG – matter for investors. They are key factors determining both long-term GDP growth and the level of equilibrium of interest rates.
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Blog post
Professor Susan Vinnicombe on The Davies Committee
“It was a very successful campaign.” That is how Professor Susan Vinnicombe describes the outcome of the 2015 Davies Report.
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Blog post
Say on Pay - getting your voice heard
In recent years Say on Pay has become a corporate governance and responsible investment buzzword and has been at the forefront of discussions around executive remuneration.
