Publications des institutions partenaires
On the construction of common size, value and momentum factors in international stock markets: A guide with applications
A major obstacle for research in international asset pricing and corporate finance has been a lack of reliable and publicly available data on international common risk factors and portfolios. To address this gap, we provide a step-by-step description of how appropriately screened data from Thomson Reuters Datastream and Thomson Reuters Worldscope can be used to construct high-quality...
Institution partenaire
English / 27/08/2015
The Sustainable Provision of Environmental Services : From Regulation to Innovation
This book addresses the ability of market-based instruments to improve the sustainable provision of environmental services. The author combines field research and insights from the multi-stakeholder dialogue at the FAO to analyze the gap between the predictions provided by theory and the corresponding outcomes in practice. In particular, the author challenges the theory behind...
Institution partenaire
English / 01/08/2015
Welche Ethik braucht es für die Durchsetzung der UNO-Nachhaltigkeitsziele?
In den laufenden internationalen Bestrebungen der Vereinten Nationen Nachhaltigkeitsziele für die nächsten 15 Jahre zu definieren (Post-2015, Agenda) wird der Förderung von innovativem Unternehmertum nach wie vor kaum Bedeutung zugemessen. Implizit wird nämlich angenommen, dass der Unternehmer in seinem Streben nach Gewinn primär sich selbst bereichert, und das oftmals auf Kosten der...
Institution partenaire
Deutsch / 01/08/2015
Die Mär von 'Oeko' contra 'Agro' : Die Kritiker der industriellen Landwirtschaft führen einen sinnlosen Kampf
Die Unterscheidung gründet auf der Annahme, dass "Agro", also die Agroindustrie, böse und "Öko", für Agrarökologie, gut sei. Dieses Gut-böse-Schema verursacht einen beträchtlichen Kollateralschaden für Gesellschaft und Umwelt, denn eine Zusammenarbeit von staatlichen und nichtstaatlichen Akteuren mit dem Privatsektor für die gemeinsame Erarbeitung von nachhaltigen...
Institution partenaire
Deutsch / 16/07/2015
Entrepreneurial rights as human rights : Why economic rights must include the human right to science and the freedom to grow through innovation
The contemporary human rights debate is mostly concerned with the protection of people affected by change that is beyond their control. But what about those who make use of their basic economic rights to facilitate economic and social change? Do these agents of change need protection and, if so, how do their activities relate to the current debate on human rights?
In this book...
Institution partenaire
English / 01/06/2015
Sustainability and risk Combining Monte Carlo simulation and DCF for Swiss residential buildings
Purpose – This paper aims to identify the relative contribution of sustainability criteria to property value risk. Design/methodology/approach – Adiscounted cash flow (DCF) model is used to assess the effect of a given set of 42 sustainability sub-indicators on property value. The anticipated demand for each sustainability sub-indicator is described by four future states of nature....
Institution partenaire
English / 13/05/2015
Rendite- und Risiko-Kennzahlen für Immobilien aus Nachhaltigkeitssicht
Die neue Veröffentlichung des CCRS gibt einen Überblick über bewährte und neuere Rendite- und Risikokennzahlen für Immobilien und beurteilt sie aus Nachhaltigkeitssicht. Herausgegeben wird sie gemeinsam mit RICS Switzerland und dem Verband der Immobilieninvestoren sowie Immobilien Basel-Stadt, Migros-Pensionskasse, Liegenschaftenverwaltung Stadt Zürich, SUVA, Swisscanto und Zürcher...
Institution partenaire
Deutsch / 01/04/2015
Ursachen von Preisvolatilität auf Agrarmärkten
Was sind die Ursachen hoher Preisvolatilität auf den globalen Agrarmärkten? In der öffentlichen Diskussion wird oft die «Finanzialisierung» des Agrarhandels für die stark schwankenden Nahrungsmittelpreise verantwortlich gemacht. Dabei wird übersehen, dass Preisbewegungen primär auf Veränderungen der Verfügbarkeit von global handelbaren Nahrungsmitteln zurückzuführen sind. Diese...
Institution partenaire
Deutsch / 01/03/2015
Making agricultural innovation systems (AIS) work for development in tropical countries
Agricultural innovation in low-income tropical countries ontributes to a more effective and sustainable use of natural resources and reduces hunger and poverty through economic development in rural areas. Yet, despite numerous recent public and private initiatives to develop capacities for agricultural innovation, such in itiatives are often not well aligned with national efforts...
Institution partenaire
English / 13/01/2015
Corporate governance in a risk society
Under conditions of growing interconnected- ness of the global economy, more and more stakeholders are exposed to risks and costs resulting from business activities that are neither regulated nor compensated for by means of national governance. The changing distribution of risks poses a threat to the legitimacy of business firms that normally derive their legitimacy from operating in...
Institution partenaire
English / 01/01/2015
Consumer judgment of explicit and implied health claims on foods: Misguided but not misled
Institution partenaire
English / 01/01/2015
Socially responsible investing and stock performance: New empirical evidence for the US and European stock markets
This paper empirically examines the theoretically ambivalent relationship between socially responsible investing (SRI) and stock performance. It contributes to the existing literature by considering both the US and the entire European stock markets and by using consistent world-wide corporate sustainability performance data. Our portfolio analysis from 1998 to 2009 is based on the...
Institution partenaire
English / 01/11/2014
Nachhaltigkeit und Risiken bei Immobilieninvestitionen : Konzepte und Entscheidungsgrundlagen für die Praxis
Viele Entscheidungen im Zusammenhang mit Immobilien sind im Kern Investitionsentscheidungen. Wie bei jeder Kapitalanlage sind für dabei Rendite und Risiko als Entscheidungskriterien einzubeziehen. Zur Beurteilung der Rentabilität stehen heute eine Vielzahl von Methoden und Verfahren zur Verfügung. Zur Beurteilung der mit Immobilieninvestitionen verbundenen Risiken fehlen jedoch...
Institution partenaire
Deutsch / 01/09/2014
Embracing ambiguity – lessons from the study of corporate social responsibility throughout the rise and decline of the modern welfare state
In the work of Karl Polanyi, the negative effects of a self-regulating market economy are described as being limited by societal forces such as the policies of the welfare state. With the decline of the modern welfare state since the late 1970s, social activities of business firms are increasingly regarded as an important complement to or even as a substitute for welfare state...
Institution partenaire
English / 01/07/2014
The principle of common concern and climate change
Effective policies combating global warming and incentivising reduction of greenhouse gases face fundamental collective action problems. States defending short term interests avoid international commitments and seek to benefit from measures combating global warming taken elsewhere. The paper explores the potential of Common Concern as an emerging principle of international law, in...
Institution partenaire
English / 01/06/2014
Kaffee, Kakao, Bananen: Gut und Böse sind nicht mehr so klar verteilt
Nachhaltige Landwirtschaft wird in Wohlstandgesellschaften wie der unseren gerne mit der Förderung von Bio und Fair Trade in Verbindung gebracht. Kaum jemand kennt jedoch Standards der Nachhaltigkeit wie Rainforest Alliance, UTZ (Umwelt- und Sozialbestimmungen), SA8000 (Arbeiterschutz) oder Technoserve (Armutsbekämpfung durch Ermächtigung zum Unternehmertum). Bei diesen Labels sollen...
Institution partenaire
Deutsch / 11/05/2014
The motivation and impact of organized public resistance against agricultural biotechnology
Fifteen years of experience with the commercial cultivation of genetically modified (GM) corps and countless national and international risk assessments of genetically modified organisms (GMOs) suggest that the risks related to this new technology are not any different from those already known in conventional agriculture. Despite these reassuring findings, public distrust toward GMOs...
Institution partenaire
English / 28/03/2014
The influence of pension funds on corporate governance
Although pension funds have gained importance in the last two decades, their role has not been described in detail by economic models. This article focuses on the scope of these institutional investors when they are not satisfied with a management team of a company in which the pension fund holds a block of shares. Stock holdings by pension funds are largely dispersed. Therefore, any...
Institution partenaire
English / 28/03/2014
The great misunderstanding of the global food crisis
Institution partenaire
English / 01/03/2014
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