CES PhD Seminar
Friday December 16th 2022 (5pm to 6pm)
MSE Room S3
ESG strategy and default detection
Abstract: The transition to a sustainable future is gaining momentum, and environmental, social, and governance (ESG) considerations are being adopted in the decision-making process. Some authors have found that ESG considerations are correlated with corporate default probabilities, a result that sometimes is attributed to the relationship of ESG criteria with corporate financial performance. Since 2015, Banque de France’s financial experts have been using ESG criteria in the constitution of a company’s qualitative profile, an element which is fundamental for its credit risk assessment activity. We study whether the presence of ESG criteria in a company’s qualitative profile increases financial experts’ forecast accuracy, using an instrumental variable approach and a very rich set of controls.
November 25th, Pol Cosentino (University of Paris 1): "Natural amenities and racial dynamics within the United States"
October 28th, Etienne de L'Estoile (Paris 1, Banque de France): "Who takes the land? Quantifying the use of built-up land by economic activities to assess biodiversity-related transition risks in France"
June 24th, Moussa Ezzeddine (University of Paris 1): "Pricing Football Transfers: An Explanatory Study Into The Global Market Using Synthetic Data"
May 20th, Stephen Jackson (University of Paris 1): "Access to Water and Labour Force Participation: Evidence from the DRC"
April 15th, Adrien Desroziers (University of Paris 1): "Environmental Events and Shareholder Response: A Meta-Analysis"
March 25th, Maximilien Coussin (University of Paris 1): "The Synchronization of eurozone Financial Cycles: Different Perspectives"
February 18th, Solèn Croiset (University of Paris 1): "The implementation of independent teams of professional carers and auxiliary nurses at home, in France: evidence from a randomized controlled trial"
January 21st, Van Nguyen (University of Kansas): "Monetary Policy in a Small Open Economy with Multiple Monetary Assets"
December 17th, Dylan Laplace Mermoud (University of Paris 1): "Core stability and other applications of minimal balanced collections"
November 19th, Adham Jaber (University of Paris 1): "Sovereign Default Risk and Natural Disaster Shocks: An Empirical Assessment in Emerging Countries"
October 22nd, Andrea Cinque (University of Paris 1): "Confined to stay: Natural disasters and Indonesia’s migration ban"
June 18th, Ramy Sukarieh (University of Paris 1): "Stock Selection using Linear Models and artificial intelligence"
May 21st, Iván Tzintzun (University of Paris 1, PSE): "The Causal Effect of Physical Activity on Health in Early Adulthood: A Gene By Environment Instrumental Variables Approach"
April 16th, Adrien Desroziers (University of Paris 1): "Socially responsible investment strategies under pressure: evidence from Covid-19"
March 19th, Davide Fortin (University of Paris 1): "Price discrimination and consumer distortions in the legal cannabis market"
February 19th, Aref Mahdavi (CES, University of Paris 1): "Real effects of lending-based crowdfunding platforms on the SMEs"