Research

Publications


  • Enhancing the accuracy of firm valuation with multiples using carbon emissions.
    Forthcoming, Climate Investing (Edited Volume), 2022.


  • Get green or die trying? Carbon risk integration into portfolio management.
    (with Andrea Jacob and Maximilian Görgen). Journal of Portfolio Management, 2021, 47(3), 77-93. https://doi.org/10.3905/jpm.2020.1.200.



  • Will the DAX 50 ESG establish the standard for German sustainable investments? A sustainability and financial performance analysis.
    Credit and Capital Markets, 2020, 53(4), 461-491. https://doi.org/10.3790/ccm.53.4.461.

Working Paper


  • Carbon Risk.
    Working Paper, 2021 (with Maximilian Görgen, Andrea Jacob, Ryan Riordan, Martin Rohleder and Marco Wilkens).
    https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2930897.
    Winner of the Best Paper Award of the Southwestern Finance Association Conference 2018.
    Winner of the Highest Impact Award of the Green Summit 2017 in Liechtenstein.


  • You never know the value of water before the well runs dry - The impact of Sustainable Development Goals on firm value.
    Working Paper, 2020 (with Marco Wilkens).
    Winner of the Impact Award of the Workshop Sustainable Finance 2020 in Liechtenstein.

Work in Progress

  • SDGs: A capital-market perspective.

  • ESG and SDGs ratings.

  • The conduct and product dimension of sustainability – A global firm analysis.

  • Sustainable anomalies.

  • Mandatory and voluntary environmental disclosure.

Practitioner Publications