Philipp Krüger

Associate Professor of Finance, University of Geneva

Senior Chair, Swiss Finance Institute

Curriculum Vitae

Contact details

University of GenevaGeneva School of Economics and Management/GFRIUNIMAILBd du Pont d'Arve 40 1211 Geneva 4SwitzerlandTel.: +41-(0)22-3798569philipp(dot)krueger(at)unige(dot)ch


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, 2011Financial 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), forthcoming at The Journal of Finance

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), forthcoming Review of Financial Studies

ICPM Climate Change Research Award

Working Papers

ESG Rating Disagreement and Stock Returns (with Gibson, Riand, and Schmidt)

Institutional Investors’ Views and Preferences on Climate Risk Disclosure (With Ilhan, Sautner, and Starks)

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

Responsible Institutional Investing Around the World (with Gibson, Glossner, Matos, and Steffen)

AFA 2020

The Sustainability Footprint of Institutional Investors (with Rajna Gibson Brandon)

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 an 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