December 2019
06Dec

The Real Effects of Environmental Activist Investing

By S Lakshmi Naaraayanan, Kunal Sachdeva, Varun Sharma Using a socially-motivated activist campaign by a large pension fund, we measure the real effects of activist investing on pollution and the environment. Targeted firms reduced their total toxic chemical releases, production-related emissions, cancer-causing pollution, environmental accidents, and legal risks. These effects do not come at the expense of lower financial performance or returns. We rule out natural alternative hypotheses while also presenting evidence supporting the external validity of socially motivated...

December 6, 2019
Articles, Investing, Sustainability, ,
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November 2019

18Nov

German parliament approves climate protection law

The German lower house of parliament approved on Friday a major climate protection package which aims to ensure Germany will meet its 2030 target for reducing greenhouse gas emissions. Read also Can fintech bridge the inequality gap The package, agreed after months of haggling between the Chancellor Angela Merkel’s conservatives and her Social Democrat coalition partners, has already been criticized as inadequate in view of the urgent challenges posed by climate change. Read also Impact investing is about more...

November 18, 2019
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September 2019

27Sep

Corporate Governance and Value Creation in Japan: Prescriptions for Boosting Roe

By Ryohei Yanagi This is the first book to furnish a root cause of the low valuation of Japanese listed companies by using, as qualitative evidence, unique global investor surveys, which are rarely available for Japanese companies. Also contained in this book as quantitative evidence is empirical research with regression analysis implying a positive correlation between corporate governance and value creation in Japan. The author explains the rationale underlying the suggestion of the Ito Review on return on equity...

September 27, 2019
Books, Investing, Pension Management, , , , ,
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24Sep

Pension funds and insurers pledge climate action at U.N. summit

* New coalition wants to spur faster energy transition * Pension funds and insurers commit to zero carbon portfolios * Asset owners to engage with companies, but may also divest Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other big investors. German insurer Allianz, the California Public Employees’ Retirement System (CalPERS), and Swedish pension fund Alecta were among the founders...

September 24, 2019
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