Philipp Krüger
Professor of Finance, University of Geneva (GSEM, GFRI)
Senior Chair, Swiss Finance Institute
Research Member, ECGI
Co-Director, Master of Science in Wealth Management
Contact details
University of Geneva
Geneva School of Economics and Management
Geneva Finance Research Institute
UNIMAIL,Bd du Pont d'Arve 40
1211 Geneva 4
Switzerland
Tel.: +41-(0)22-3798569
philipp(dot)krueger(at)unige(dot)ch
Publications
Corporate Goodness and Shareholder Wealth, Journal of Financial Economics, 2015
#2 Most Cited Article in the Journal of Financial Economics (2015-03/2024, Google Scholar)
Web of Science highly cited paper: Top 1% in the academic field of Economics & Business based on a highly cited threshold for the field and publication year.
BSI Gamma Foundation Grant “Socially Responsible Investing,” 2011The WACC Fallacy: The Real Effects of Using a Unique Discount Rate, with A. Landier and D. Thesmar, The Journal of Finance, 2015
EFMA Larry Lang Corporate Finance Best Paper Award, 2011
Financial Management Association Annual Meetings 2011, Best Paper in Corporate Finance, Semi FinalistSticky Expectations and the Profitability Anomaly, with J.P. Bouchaud, A. Landier, and D. Thesmar, The Journal of Finance, 2019
Financial Management Association Annual Meetings 2017, Best paper in Investments, Semi Finalist
Q-Group, Roger F. Murray Prize 2020, 3rd placeThe Importance of Climate Risk for Institutional Investors, with Z. Sautner and L. Starks, The Review of Financial Studies, 2020
#8 Most Cited Article in the Review of Financial Studies (2017-2021)
#3 Most Cited Article (2020-03/2024, Google Scholar)
ICPM Climate Change Research Award
Cited in IMF’s Global Financial Stability Report (April 2020), ECB’s Financial Stability Review (May 2021), and speeches by central bankers (Bundesbank President Dr. Weidmann or SNB Board Member Dr. Maechler)
Cited in Proposed Rule Change "The Enhancement and Standardization of Climate-Related Disclosures for Investors" by Securities and Exchange Commission (Link)
Cited by in Final Rules Regarding Mandatory Climate Risk Disclosures, March 2024 (Link)ESG Rating Disagreement and Stock Returns, with R. Gibson Brandon and P. Schmidt, Financial Analysts Journal, 2021
Top 30 All Time Most Read Articles Financial Analysts Journal
Most cited article published in the FAJ (2021-2024, Scopus)
Impact investments: a call for (re) orientation, with Busch T. et al., SN Business & Economics, 2021
Most downloaded paper ever published in SN Business & Economics
Cited by former SEC commissioner Allison Herren Lee in a speech (Link)
Do Responsible Investors Invest Responsibly?, with R. Gibson-Brandon , S. Glossner, P. Matos, and T. Steffen), Review of Finance, 2022
John L. Weinberg/IRRCi Research Paper Award (semi-finalist)
Fordham Gabelli - PVH Corp Global Thought Leadership Grant
ICPM Research Award
Cited in a statement by SEC Commissioner Caroline A. Crenshaw (Link)
Coverage in The Economist (Link)
How Do Investors and Firms React to a Large, Unexpected Currency Appreciation Shock?, with M.Efing, R.Fahlenbrach, and C. Herpfer, The Review of Corporate Finance Studies, 2023
Climate Risk Disclosure and Institutional Investors, with E. Ilhan, Z. Sautner, and L. Starks, The Review of Financial Studies, 2023
Editor’s Choice Paper/Lead Article
Finalist John L. Weinberg/IRRCi Research Award Competition 2022
Cited in Proposed Rule Change "The Enhancement and Standardization of Climate-Related Disclosures for Investors" by Securities and Exchange Commission (Link)
Cited by SEC Chair Gary Gensler in Statement in Final Rules Regarding Mandatory Climate Risk Disclosures, March 2024 (Link)
Cited by in Final Rules Regarding Mandatory Climate Risk Disclosures, March 2024 (Link)ESG News, Future Cash Flows, and Firm Value?, with F. Derrien, A. Landier, and T. Yao, The Journal of Finance, conditionally accepted
The Effects of Mandatory ESG Disclosure Around the World, with Z. Sautner, D. Tang, and R. Zhong, Journal of Accounting Research, forthcoming
Best Paper Price 2021 Global Research Alliance for Sustainable Finance (GRASFI)
Financial Times - Business School Sustainability Research: What is read most? #3 most downloaded paper on sustainability on SSRN since 2020 (Link)
Cited by in Final Rules Regarding Mandatory Climate Risk Disclosures, March 2024 (Link)
Other Writings
Sustainable Finance in Switzerland: Where do we stand?, 2016, SFI White Paper (with A. Krauss, J. Meyer)
Sustainable Finance Metrics, 2021, with C.Pasche, SFI Public Discussion Note
CEPR-LTI Report: The Role of Institutional Investors as Responsible Investors, 2023, with R. Gibson Brandon, CEPR Press
Working Papers
The Economics of Sustainability-Linked Bonds ***Revised***(with T. Berrada, L. Engelhardt, and R. Gibson Brandon)
Fidelity Best Paper Award at the SGFIN Annual Research Conference on Sustainability 2023
Green Revenus ***NEW*** (with J. Klausmann, P. Matos)
AFA 2025The Sustainability Wage Gap (with D. Metzger and J. Wu)
ECGI GCGC 2021, EFA 2021, AFA 2022
Best Conference Paper EFA 2021, Runner up
Featured in the FT (Link)
Drawing Up the Bill: Are ESG Ratings Related to Stock Returns Around the World? (with R. Alves and M.A. van Dijk)
ICPM Research Award 2024, Honorable Mention
Decarbonizing Institutional Investor Portfolios (with V. Atta-Darkua, S. Glossner, and P. Matos)
AFA, 2024
GIWM research grant, 2023
Best Paper Award Portuguese Finance Network Conference, 2023Discretionary Information in ESG Investing: A Text Analysis of Mutual Fund Prospectuses (with A. Andrikogiannopoulou, S. Mitali, and F. Papakonstantinou)
GIWM research grant, 2021Mandatory Corporate Carbon Disclosure: Evidence from a Natural Experiment (with V. Jouvenot)
AFA 2021
Cited in Proposed Rule Change "The Enhancement and Standardization of Climate-Related Disclosures for Investors" by Securities and Exchange Commission (Link)
Cited by in Final Rules Regarding Mandatory Climate Risk Disclosures, March 2024 (Link)The Sustainability Footprint of Institutional Investors: ESG Driven Price Pressure and Performance (with Gibson Brandon and Mitali)
Best quantitative paper, Principles for Responsible Investment (PRI) Academic Network Conference 2017
Financial Management Association Annual Meetings 2018, Best Paper in Investments, Semi FinalistClimate Change and Firm Valuation: Evidence from a Quasi-Natural Experiment
AFA 2016
Moskowitz Prize in Socially Responsible Investing 2015 (Link)
Financial Management Association Annual Meetings 2016, Best Paper in Corporate Finance, Semi FinalistSocial Responsibility and the Board of Directors
Best Paper Award Principles for Responsible Investment (PRI) Academic Conference, 2010
Philipp Krueger, Philipp Kruger, Sustainable finance, ESG, CLimate finance, SRI
