P

Projekte

Double Dividend?
The Contribution of Sustainable Investments to the Stabilization of Financial Markets

Project management:
Prof. Dr. Stefanie Hiß
Project assistance:
Agnes Fessler, Gesa Griese, Sebastian Nagel, Daniela Woschnak
Project term: April 1, 2015 – March 31, 2018

Sustainable investment appears to be a possible alternative within the financial market which is partly characterized by different rationalities and logics. While the conventional financial market focuses on high returns on investment, short-term horizons, and quantitative data, its sustainable counterpart also follows logics that are in conflict with this orientation. The consideration of non- or extra-financial (e.g. ethical, social, or environmental) criteria and a long-term investment horizon is essential for sustainable investments.

The project aims to answer the question, if and how sustainable investments induce a »double dividend«, which does not only result in return on investments and sustainable impacts on corporations but also in a positive impact on the financial market itself and its stability or resilience. To this end, we investigate the characteristics of institutional logics which influence the sustainable financial market.

Among others, our research focuses on:

  • the banking system,
  • pension funds,
  • accounting and reporting initiatives,
  • fossil fuel divestment,
  • sustainability rating agencies, and
  • sustainable investing in cities.
Gefördert vom Bundesministerium für Bildung und Forschung
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