Prof. Philipp Krüger
SFI Senior Chair, Professor of Responsible Finance, University of Geneva
Philipp Krüger is Professor of Responsible Finance at the University of Geneva. Professor Krüger is a regular speaker at leading finance conferences worldwide and his research has been published in top academic journals.
Expertise
Professor Krüger's research focuses primarily on sustainable finance. He has, for example, studied whether, how, and why institutional investors incorporate climate risk into investment decisions. His research reveals that institutional investors believe climate risks have implications for their portfolios and that these risks, particularly regulatory ones, have already begun to materialize. Long-term, more significant, and ESG-oriented institutional investors consider risk management and engagement—rather than divestment—the better approach to tackling climate risks. Further analysis shows that institutional investors find climate risk reporting to be as important as traditional financial reporting but also believe it should be mandatory and better standardized. In a separate body of research, Professor Krüger studies whether institutional investors who have signed the Principles for Responsible Investment (PRI) exhibit better portfolio-level ESG scores. Results reveal that PRI signatories have better ESG scores than non-PRI signatories but that geographical nuances exist, as data shows that in the US there is a substantial disconnect between what investors claim to do and what they actually do, suggesting that greenwashing doesn't occur at the same levels across the world. Professor Krüger actively participates in SFI Knowledge Exchange activities on responsible investing and broader ESG-related topics.
Expertise Fields
- Portfolio Management and Asset Classes
- Behavioral Finance and Neurofinance
- Equities
- Financial Institutions
- Institutional Investors and Funds
- Rating Agencies
- Corporate Finance and Governance
- Capital Budgeting and Investment Policy
- Corporate Governance and Managerial Compensation
- Financial Valuation
- Financing Policy and Capital Structure
- Frontier Topics
- Sustainable Finance