Prof. Philipp Krüger

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.

Professor Krüger's research focuses primarily on sustainable finance. Professor Krüger’s recent research examines how green innovation and investor behavior influence the transition to a low-carbon economy. For instance, he has used measures of green revenues to study whether and how publicly listed companies are transitioning to cleaner business models. His findings reveal a notable uptick in such revenues following the Paris Agreement. This acceleration is largely driven by U.S. companies effectively converting green patents into revenues, as well as by firms with stronger sustainability-focused institutional ownership prior to the Paris accord. Although the study finds only modest evidence of green alpha in post-Paris U.S. markets, the results highlight the growing importance of green products in shaping portfolios.

In another paper, Professor Krüger investigates how institutional investors that join climate initiatives decarbonize their equity holdings. The findings indicate that re-weighting portfolios toward lower-emitting firms—especially in countries with carbon pricing—is the prevailing strategy rather than engaging directly with higher-emitting companies. These investors also appear more inclined to invest in firms beginning to generate green revenues, casting doubt on whether investor-led efforts alone can drive meaningful economy-wide emissions reductions. 

Professor Krüger actively participates in SFI Knowledge Exchange activities on responsible investing and broader ESG-related topics.

• 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