Philipp Krüger

Associate Professor of Finance, University of Geneva (GSEM, GFRI)

Senior Chair, Swiss Finance Institute

Curriculum Vitae

Contact details
University of Geneva
Geneva School of Economics and Management/GFRI
Bd du Pont d'Arve 40
1211 Geneva 4
Tel.: +41-(0)22-3798569


Corporate Goodness and Shareholder Wealth, Journal of Financial Economics, 115(2), 304-329.
BSI Gamma Foundation Grant “Socially Responsible Investing,” 2011

The WACC Fallacy: The Real Effects of Using a Unique Discount Rate (with Augustin Landier and David Thesmar), The Journal of Finance, 70(3), 1253-1285.
EFMA Larry Lang Corporate Finance Best Paper Award, 2011
Financial Management Association Annual Meetings 2011, Best Paper in Corporate Finance, Semi Finalist

Sticky Expectations and the Profitability Anomaly (with Jean-Philippe Bouchaud, Augustin Landier, and David Thesmar), The Journal of Finance, 74(2), 639-674.
Financial Management Association Annual Meetings 2017, Best paper in Investments, Semi Finalist

The Importance of Climate Risk for Institutional Investors (with Zacharias Sautner and Laura Starks), The Review of Financial Studies, 33(3), 1067-1111.
ICPM Climate Change Research Award

ESG Rating Disagreement and Stock Returns (with Gibson, and Schmidt), Financial Analysts Journal, Forthcoming

Working Papers

**New** How Do ESG Incidents Affect Firm Value? (with Derrien, Landier, and Yao)

The Effects of Mandatory ESG Disclosure Around the World (with Sautner, Tang, and Zhong)
AFA 2022

The Sustainability Wage Gap (with Metzger and Wu)
ECGI GCGC 2021, EFA 2021, AFA 2022

Climate Risk Disclosure and Institutional Investors (With Ilhan, Sautner, and Starks)
EFA 2021, AFA2022

Do Responsible Investors Invest Responsibly? (with Gibson, Glossner, Matos, and Steffen)
(previously circulated under the title Responsible Institutional Investing Around the World)

John L. Weinberg/IRRCi Research Paper Award (semi-finalist)
Fordham Gabelli - PVH Corp Global Thought Leadership Grant
ICPM Research Award

AFA 2021, EFA 2021, SFS Cavalcade North America 2021

Mandatory Corporate Carbon Disclosure: Evidence from a Natural Experiment (with Jouvenot)
AFA 2021

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 2017Financial Management Association Annual Meetings 2018, Best Paper in Investments, Semi Finalist

How Do Investors and Firms React to a Large, Unexpected Currency Appreciation Shock? (with Matthias Efing, Ruediger Fahlenbrach, and Christoph Herpfer)
Climate Change and Firm Valuation: Evidence from a Quasi-Natural Experiment Winner of the 2015
Moskowitz Prize in Socially Responsible Investing (Link)

Financial Management Association Annual Meetings 2016, Best Paper in Corporate Finance, Semi Finalist

Social Responsibility and the Board of Directors

Best Paper Award Principles for Responsible Investment (PRI) Academic Conference, 2010