Responsible investing is more than ever before high on the agenda of institutional investors. Pension funds, mutual funds, insurance companies, and other insititutional investors with fiduciary duties increasingly integrate environmental, social, and corporate governance factors in their investment decisions.
ECCE investigates how ESG factors influence investment risks and returns accross various asset classes, in the short run and long run. ECCE also helps fiduciaries understand the preferences of investors (clients and benificiaries) for certain environmental, social, and governance issues.
Forthcoming in the Journal of Finance: “Why do investors hold socially responsible mutual funds?"
Journal of Finance
26-01-17 | Paul Smeets | The paper “Why do investors hold socially responsible mutual funds?” by Paul Smeets and Arno Riedl of Maastricht University has been accepted for publication in the Journal of Finance. Abstract: To understand why investors hold socially responsible (SRI) mutual funds, we use administrative data and link them to survey responses and behavior in incentivized experiments. We find that both social preferences and social signaling are important factors for SRI...Read full research
ECCE Research Fellow
Piet Eichholtz is the Fortis Professor of Finance and Real Estate and Finance Department chair at Maastricht University. He is currently also a member of the Advisory Boards of Redevco Europe and the RO Group, of the Investment Committees of Servatius and the KLM Pension Funds, and of the Housing Scenario Group of Bouwfonds. He is also a non-executive director at...More about this author
ECCE Research Fellow
Nils Kok currently holds positions as visiting scholar at the Haas School of Business, UC Berkeley, and as assistant professor in Finance and Real Estate at Maastricht University, the Netherlands. He is the recipient of a prestigious three-year grant from the Dutch National Science Foundation for his work on energy efficiency and sustainability in the real estate...More about this author