Details about Philipp Krueger

Access statistics for papers by Philipp Krueger.

Last updated 2025-05-29. Update your information in the RePEc Author Service.

Short-id: pkr130

Working Papers

2025

1. Decarbonizing Institutional Investor Portfolios: Helping to Green the Planet or Just Greening Your Portfolio?
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute
2. Drawing Up the Bill: Are ESG Ratings Related to Stock Returns Around the World?
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute
3. The Green Transition: Evidence from Corporate Green Revenues
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute

2022

4. The Economics of Sustainability Linked Bonds
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (8)

2021

5. ESG News, Future Cash Flows, and Firm Value
   HEC Research Papers Series, HEC Paris View citations (2)
   Also in Working Papers, HAL (2021) View citations (1)
6. How Do ESG Incidents Affect Firm Value?
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (5)
7. The Effects of Mandatory ESG Disclosure Around the World
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (43)
8. The Sustainability Wage Gap
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (4)

2020

9. Responsible Institutional Investing Around the World
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (44)

2019

10. ESG Rating Disagreement and Stock Returns
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (11)
    See also Journal Article ESG Rating Disagreement and Stock Returns, Financial Analysts Journal, Taylor & Francis Journals (2021) View citations (65) (2021)
11. Institutional Investors’ Views and Preferences on Climate Risk Disclosure
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (14)

2018

12. The Importance of Climate Risks for Institutional Investors
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (20)
    See also Journal Article The Importance of Climate Risks for Institutional Investors, The Review of Financial Studies, Society for Financial Studies (2020) View citations (554) (2020)

2017

13. Sticky Expectations and the Profi tability Anomaly
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2016) View citations (4)
    See also Journal Article Sticky Expectations and the Profitability Anomaly, Journal of Finance, American Finance Association (2019) View citations (60) (2019)
14. The Sustainability Footprint of Institutional Investors
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (15)

2016

15. How Do Investors and Firms React to an Unexpected Currency Appreciation Shock?
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (13)
16. Sticky Expectations and Stock Market Anomalies
    HEC Research Papers Series, HEC Paris View citations (2)
    Also in Working Papers, HAL (2016) View citations (4)

2015

17. Climate Change and Firm Valuation: Evidence from a Quasi-Natural Experiment
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (15)

2011

18. The WACC Fallacy: The Real Effects of Using a Unique Discount Rate
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (18)
    See also Journal Article The WACC Fallacy: The Real Effects of Using a Unique Discount Rate, Journal of Finance, American Finance Association (2015) View citations (54) (2015)

Journal Articles

2025

1. Principles for impact investments: practical guidance for impact measurement, assessment and valuation
   SN Business & Economics, 2025, 5, (5), 1-26

2023

2. Climate Risk Disclosure and Institutional Investors
   The Review of Financial Studies, 2023, 36, (7), 2617-2650 View citations (37)
3. How Do Investors and Firms React to a Large, Unexpected Currency Appreciation Shock?
   The Review of Corporate Finance Studies, 2023, 12, (3), 488-538 View citations (3)

2022

4. Do Responsible Investors Invest Responsibly?*
   (Why and how investors use ESG information: evidence from a global survey)
   Review of Finance, 2022, 26, (6), 1389-1432 View citations (37)

2021

5. ESG Rating Disagreement and Stock Returns
   Financial Analysts Journal, 2021, 77, (4), 104-127 View citations (65)
   See also Working Paper ESG Rating Disagreement and Stock Returns, Swiss Finance Institute Research Paper Series (2019) View citations (11) (2019)
6. Impact investments: a call for (re)orientation
   SN Business & Economics, 2021, 1, (2), 1-13 View citations (11)

2020

7. Divulgation des émissions carbone au sein des marchés boursiers européens
   Revue d'économie financière, 2020, N° 138, (2), 157-176
8. The Importance of Climate Risks for Institutional Investors
   The Review of Financial Studies, 2020, 33, (3), 1067-1111 View citations (554)
   See also Working Paper The Importance of Climate Risks for Institutional Investors, Swiss Finance Institute Research Paper Series (2018) View citations (20) (2018)

2019

9. Sticky Expectations and the Profitability Anomaly
   Journal of Finance, 2019, 74, (2), 639-674 View citations (60)
   See also Working Paper Sticky Expectations and the Profi tability Anomaly, CEPR Discussion Papers (2017) (2017)

2015

10. Corporate goodness and shareholder wealth
    Journal of Financial Economics, 2015, 115, (2), 304-329 View citations (131)
11. The WACC Fallacy: The Real Effects of Using a Unique Discount Rate
    Journal of Finance, 2015, 70, (3), 1253-1285 View citations (54)
    See also Working Paper The WACC Fallacy: The Real Effects of Using a Unique Discount Rate, TSE Working Papers (2011) View citations (18) (2011)