Andreas G. F. Hoepner

University of Reading - ICMA Centre

Associate Professor of Finance

Whiteknights Park

P.O. Box 242

Reading RG6 6BA

United Kingdom

Stockholm School of Economics - Mistra Financial Systems (MFS)

Head of Practical Tools research group

MISUM

Box 6501, SE-113 83 Stockholm

Sweden

View CV
SCHOLARLY PAPERS

32

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23

Scholarly Papers (32)

1.

Islamic Mutual Funds’ Financial Performance and International Investment Style: Evidence from 20 Countries

European Journal of Finance, Forthcoming
Number of pages: 37 Posted: 12 Oct 2009 Last Revised: 18 Dec 2010
Andreas G. F. Hoepner, Hussain Gulzar Rammal and Michael Rezec
University of Reading - ICMA Centre, University of Technology Sydney (UTS) and Sociovestix Labs - a DFKI spin-off
Downloads 2,354 (3,250)
Citation 7

Abstract:

fund manager learning, home bias, Islamic finance, Islamic mutual funds, responsible investment, three level Carhart model

2.

Research on 'Responsible Investment': An Influential Literature Analysis Comprising a Rating, Characterisation, Categorisation and Investigation

Number of pages: 84 Posted: 14 Aug 2009 Last Revised: 19 Aug 2009
Andreas G. F. Hoepner and David G. McMillan
University of Reading - ICMA Centre and University of Stirling
Downloads 1,329 (8,741)
Citation 3

Abstract:

citation analysis, diversification, ethical investment, literature review, socially responsible investment, research methods, research synthesis

3.

Corporate Social Responsibility Across Industries: When Can Who Do Well by Doing Good?

Number of pages: 38 Posted: 15 Oct 2008 Last Revised: 04 Dec 2013
Andreas G. F. Hoepner, Pei-Shan Yu and John Ferguson
University of Reading - ICMA Centre, University of Reading - ICMA Centre and Strathclyde Business School
Downloads 1,117 (10,163)
Citation 3

Abstract:

Corporate Environmental Performance, Corporate Financial Performance, Corporate Social Responsibility, CSR, Environmental Economics, Environmental Management, Industry Effects, Responsible Investment, SRI, Stock Market, Sustainable Development

4.

A Categorisation of the Responsible Investment Literature

Bibliography, United Nations Principles for Responsible Investment Academic Network
Number of pages: 34 Posted: 14 Oct 2008 Last Revised: 16 Jun 2009
Andreas G. F. Hoepner
University of Reading - ICMA Centre
Downloads 765 (22,476)
Citation 3

Abstract:

business ethics, corporate social responsibility, environmental economics, ethical investment, responsible investment, socially responsible investment

5.

Social, Environmental, Ethical and Trust (SEET) Issues in Banking: An Overview

RESEARCH HANDBOOK FOR BANKING AND GOVERNANCE, J.R. Barth, C. Lin and C. Wihlborg, eds., Edward Elgar Publishing, Forthcoming
Number of pages: 39 Posted: 03 Oct 2010 Last Revised: 07 Nov 2010
Andreas G. F. Hoepner and John O. S. Wilson
University of Reading - ICMA Centre and University of St. Andrews
Downloads 681 (24,895)
Citation 1

Abstract:

Banking, Climate Change, Crisis, Environmental Performance, Ethics, Financial Performance, Trust, Social Performance, Risk

6.

Portfolio Diversification and Environmental, Social or Governance Criteria: Must Responsible Investments Really Be Poorly Diversified?

Number of pages: 16 Posted: 04 May 2010
Andreas G. F. Hoepner
University of Reading - ICMA Centre
Downloads 530 (25,913)
Citation 1

Abstract:

corporate governance, corporate social responsibility, diversification, environmental management, ethical investing, idiosyncratic risk, responsible investment

7.

Fiduciary Duty and Sin Stocks: Is Vice Really Nice?

Handbook of Institutional Investment and Fiduciary Duty, 2014
Number of pages: 37 Posted: 10 Oct 2009 Last Revised: 21 Apr 2015
Andreas G. F. Hoepner and Stefan Zeume
University of Reading - ICMA Centre and University of Michigan, Stephen M. Ross School of Business
Downloads 425 (44,055)
Citation 1

Abstract:

Corporate Governance, Business Ethics, Corporate Social Responsibility, Financial Performance, Socially Responsible Investment

8.

Does Pension Funds' Fiduciary Duty Prohibit the Integration of Environmental Responsibility Criteria in Investment Processes?: A Realistic Prudent Investment Test

Number of pages: 44 Posted: 19 Sep 2011 Last Revised: 29 Oct 2013
Andreas G. F. Hoepner, Michael Rezec and K. S. Siegl
University of Reading - ICMA Centre, Sociovestix Labs - a DFKI spin-off and Åbo Akademi University
Downloads 358 (47,757)
Citation 1

Abstract:

corporate environmental responsibility, environmental management, ESG investment, fiduciary duty, institutional investors, non-financial criteria, pension funds, responsible investment, socially responsible investing

9.

SRI Funds: Does More Social Mean Less Financial Performance?

Number of pages: 23 Posted: 17 Dec 2010 Last Revised: 08 Feb 2016
Christoph F. Biehl and Andreas G. F. Hoepner
University of Reading - Henley Business School and University of Reading - ICMA Centre
Downloads 343 (54,219)
Citation 1

Abstract:

10.

Do Mutual Fund Managers Have Asset Management Skills? Evidence from New Measures on Crisis Management and Directional Trading

Number of pages: 99 Posted: 10 Sep 2009
Andreas G. F. Hoepner and Stefan Zeume
University of Reading - ICMA Centre and University of Michigan, Stephen M. Ross School of Business
Downloads 223 (100,967)
Citation 1

Abstract:

crisis management, directional trading, manager skills, market timing, mutual funds

11.

Social, Environmental, and Trust Issues in Business and Finance

In Baker, H. K. and Nofsinger, J. (eds.) Socially Responsible Finance and Investing: 111-142. Hoboken: Wiley.
Number of pages: 38 Posted: 02 Feb 2012 Last Revised: 29 Oct 2013
Christoph F. Biehl, Andreas G. F. Hoepner and Jianghong Liu
University of Reading - Henley Business School, University of Reading - ICMA Centre and Centre for Responsible Banking and Finance
Downloads 192 (110,840)

Abstract:

business history, corporate social responsibility, environmental management, responsible investment, trust

12.

Future Scenarios of Responsible Investment Processes Across Asset Classes: A Morphologic Analysis

Number of pages: 25 Posted: 13 Oct 2009 Last Revised: 02 Nov 2009
Andreas G. F. Hoepner
University of Reading - ICMA Centre
Downloads 186 (122,289)

Abstract:

asset classes, corporate governance, corporate social responsibility, environmental management, ethical investing, responsible investment, futuristic scenarios

13.

Sources of Stakeholder Salience in the Responsible Investment Movement: Why Do Investors Sign the Principles for Responsible Investment?

Number of pages: 52 Posted: 30 Aug 2014
Arleta Majoch, Andreas G. F. Hoepner and Tessa Hebb
University of Reading - ICMA Centre, University of Reading - ICMA Centre and Carleton Centre for Community Innovation
Downloads 182 (101,871)

Abstract:

stakeholder salience theory, Principles for Responsible Investment, PRI, UNPRI, responsible investment, socially responsible investment, stakeholder theory

14.

Liquidity and Market Efficiency in the World’s Largest Carbon Market

British Accounting Review, Forthcoming
Number of pages: 46 Posted: 31 Jan 2012 Last Revised: 17 Jan 2016
Gbenga Ibikunle, Andros Gregoriou, Andreas G. F. Hoepner and Mark Rhodes
University of Edinburgh, University of Brighton, University of Reading - ICMA Centre and Hull University Business School (HUBS)
Downloads 182 (101,871)

Abstract:

Liquidity, Order flow, Market efficiency, Return predictability, European Climate Exchange, EU Emissions Trading Scheme (EU-ETS), Carbon futures, Climate change

15.

Beyond Outreach: Corporate Social Responsibility and the Financial Performance of Microfinance Institutions

Forthcoming in The Routledge Handbook of Responsible Investment
Number of pages: 18 Posted: 08 Nov 2011 Last Revised: 30 Nov 2014
Andreas G. F. Hoepner, Guan Huang and Hong Liu
University of Reading - ICMA Centre, ICMA Centre and University of Glasgow - Adam Smith Business School
Downloads 182 (98,444)

Abstract:

competition, corporate social performance (CSP), corporate social responsibility (CSR), outreach, microfinance, motivation, non-for-profit

The Effects of Corporate and Country Sustainability Characteristics on the Cost of Debt: An International Investigation

ZEW - Centre for European Economic Research Discussion Paper No. 14-100
Number of pages: 37 Posted: 15 Dec 2014
Andreas G. F. Hoepner, Ioannis Oikonomou, Bert Scholtens and Michael Schröder
University of Reading - ICMA Centre, University of Reading - ICMA Centre, University of Groningen - Department of Finance & Accounting and Centre for European Economic Research (ZEW) - International Finance and Financial Management
Downloads 98 (216,010)

Abstract:

corporate social responsibility; CSR; CSP; sustainability; banking; financial contracts; culture

The Effects of Corporate and Country Sustainability Characteristics on the Cost of Debt: An International Investigation

Number of pages: 40 Posted: 02 Dec 2014
Andreas G. F. Hoepner, Ioannis Oikonomou, Bert Scholtens and Michael Schröder
University of Reading - ICMA Centre, University of Reading - ICMA Centre, University of Groningen - Department of Finance & Accounting and Centre for European Economic Research (ZEW) - International Finance and Financial Management
Downloads 54 (305,877)

Abstract:

corporate social responsibility, CSR, CSP, sustainability, banking, financial contracts, culture

The Effects of Corporate and Country Sustainability Characteristics on the Cost of Debt: An International Investigation

Journal of Business Finance & Accounting, Vol. 43, Issue 1-2, pp. 158-190, 2016
Number of pages: 33 Posted: 21 Mar 2016
Andreas G. F. Hoepner, Ioannis Oikonomou, Bert Scholtens and Michael Schröder
University of Reading - ICMA Centre, University of Reading - ICMA Centre, University of Groningen - Department of Finance & Accounting and Centre for European Economic Research (ZEW) - International Finance and Financial Management
Downloads 0

Abstract:

corporate social responsibility, CSR, CSP, sustainability, banking, financial contracts, culture, loans, international

17.

The ‘Price of Sin’ Aversion: Ivory Tower Illusion or Real Investable Alpha?

Number of pages: 33 Posted: 13 Sep 2015
Hampus Adamsson and Andreas G. F. Hoepner
Sociovestix Labs - a DFKI spin-off and University of Reading - ICMA Centre
Downloads 104 (69,292)

Abstract:

18.

Sovereign Debt and Sustainable Development Culture

Number of pages: 27 Posted: 20 Jul 2013 Last Revised: 28 Nov 2013
Andreas G. F. Hoepner and Agnes Lucia Neher
University of Reading - ICMA Centre and University of Hohenheim
Downloads 83 (204,707)

Abstract:

sovereign debt, sustainability culture indicators, government bond yield

19.

Active Ownership and ESG Performance

Issues in Sustainability Accounting, Assurance and Reporting (eds. Jones, S. and Ratnatunga, J.) : 115-138. Bingley: Emerald. 2014
Number of pages: 27 Posted: 18 Sep 2014 Last Revised: 08 Nov 2014
Arleta Majoch, E. James Gifford and Andreas G. F. Hoepner
University of Reading - ICMA Centre, Initiative for Responsible Investment at Harvard University and University of Reading - ICMA Centre
Downloads 65 (185,614)

Abstract:

active ownership, ESG performance, responsible investment, investor engagement, ESG engagement, CFP, CSP, financial performance, Dell, Gap, labor standards, supply chain, Calvert, stakeholder salience

20.

An Islamic Investing Performance Puzzle

Number of pages: 43 Posted: 05 Feb 2014 Last Revised: 05 Dec 2016
Hampus Adamsson, Kais Bouslah and Andreas G. F. Hoepner
Sociovestix Labs - a DFKI spin-off, University of St Andrews and University of Reading - ICMA Centre
Downloads 54 (288,820)

Abstract:

21.

ESG Expertise & Fixed Income

Number of pages: 46 Posted: 18 Sep 2015
Andreas G. F. Hoepner and Marcus A Nilsson
University of Reading - ICMA Centre and University of Reading - ICMA Center, Students
Downloads 5 (210,366)

Abstract:

bonds, engagement, ESG, fixed income, mutual funds, responsible investment, socially responsible investment

22.

Red versus Blue: Do Political Dimensions Influence the Investment Preferences of State Pension Funds?

Number of pages: 75 Posted: 24 Sep 2015 Last Revised: 20 Oct 2016
Andreas G. F. Hoepner and Lisa Schopohl
University of Reading - ICMA Centre and University of Reading - ICMA Centre
Downloads 2 (255,836)

Abstract:

ESG, Political Pressures, Political Values, Portfolio Decisions, State pension funds, SRI

23.

Fixed Income Asset Pricing: Extending the Elton et al. (1995) Four-Factor Model

Number of pages: 69 Posted: 05 Dec 2016
Andreas G. F. Hoepner and Marcus A Nilsson
University of Reading - ICMA Centre and University of Reading - ICMA Center, Students
Downloads 0 (370,238)

Abstract:

asset pricing, fixed income, financial data science

24.

ESG Shareholder Engagement and Downside Risk

Number of pages: 33 Posted: 25 Nov 2016 Last Revised: 17 Dec 2016
University of Reading - ICMA Centre, University of Reading - ICMA Centre, Frankfurt School of Finance & Management gemeinnützige GmbH, University of Texas at Austin - Department of Finance and University of Reading - ICMA Centre
Downloads 0 (230,376)

Abstract:

ESG, Shareholder Activism, Corporate Governance, Downside Risk

25.

Pension Funds & the Principles for Responsible Investment: Multiplying Stakeholder Salience?

ICMA Centre Discussion Paper 2016-07
Number of pages: 52 Posted: 05 Oct 2016
Andreas G. F. Hoepner and Arleta Majoch
University of Reading - ICMA Centre and University of Reading - ICMA Centre
Downloads 0 (455,584)

Abstract:

Legitimacy, Pension Funds, Power, Principles for Responsible Investment (PRI), Stakeholder Salience Theory

26.

On the Price of Morals in Markets: An Empirical Study of the Swedish AP-Funds and the Norwegian Government Pension Fund

Journal of Business Ethics, Forthcoming
Number of pages: 64 Posted: 24 Aug 2016
Andreas G. F. Hoepner and Lisa Schopohl
University of Reading - ICMA Centre and University of Reading - ICMA Centre
Downloads 0 (430,211)

Abstract:

ESG, GPFG, AP-funds, exclusions, exclusionary screening, divestment, negative screening, norm-based exclusions, sector-based exclusions, SRI

27.

Financial Data Science for Responsible Investors

Forthcoming 10-4-10 Anniversary Book, Environmental Agency Pension Fund, Bristol, UK
Number of pages: 8 Posted: 18 Aug 2016
Andreas G. F. Hoepner
University of Reading - ICMA Centre
Downloads 0 (110,316)

Abstract:

28.

Climate Change and Asset Prices: Are Corporate Carbon Disclosure and Performance Priced Appropriately?

Forthcoming, Journal of Business Finance & Accounting
Posted: 28 Jul 2016
Andrea Liesen, Frank Figge, Andreas G. F. Hoepner and Dennis M. Patten
Institute for Ecological Economy Research (IOEW), KEDGE Business School, University of Reading - ICMA Centre and Illinois State University

Abstract:

carbon disclosure, climate change, value relevance, disclosure quality, GHG emissions, market efficiency, stock performance

29.

Towards a Carbon Data Science

Number of pages: 27 Posted: 15 Jan 2016 Last Revised: 19 Oct 2016
Hampus Adamsson, Andreas G. F. Hoepner and Pei-Shan Yu
Sociovestix Labs - a DFKI spin-off, University of Reading - ICMA Centre and University of Reading - ICMA Centre
Downloads 0 (223,967)

Abstract:

carbon footprinting, corporate reporting, data science, double counting, precautionary principle

30.

Corporate Disclosure of Greenhouse Gas Emissions in the Context of Stakeholder Pressures: An Empirical Analysis of Reporting Activity and Completeness

Forthcoming in Accounting, Auditing & Accountability Journal
Posted: 10 Aug 2013 Last Revised: 27 Dec 2014
Andrea Liesen, Andreas G. F. Hoepner, Dennis M. Patten and Frank Figge
Institute for Ecological Economy Research (IOEW), University of Reading - ICMA Centre, Illinois State University and KEDGE Business School

Abstract:

Environmental disclosure, sustainability reporting, Greenhouse gas, climate change, legitimacy theory, stakeholder theory

31.

The Outreach Measurement Debate in Microfinance: Does Average Loan Size Relate to Client Poverty?

Posted: 08 Nov 2011 Last Revised: 12 Sep 2013
Andreas G. F. Hoepner, Hong Liu and Lucia Spaggiari
University of Reading - ICMA Centre, University of Glasgow - Adam Smith Business School and MicroFinanza Rating

Abstract:

Average loan size, client poverty, depth of outreach, microfinance

32.

Is Responsible Investment under-proportionally Researched?

Forthcoming in Handbook of Responsible Investment
Number of pages: 95 Posted: 26 May 2009 Last Revised: 08 Feb 2016
Andreas G. F. Hoepner, David G. McMillan and Michael Fraser
University of Reading - ICMA Centre, University of Stirling and New Zealand Institute of Chartered Accountants
Downloads 0 (178,795)
Citation 1

Abstract:

bibliometrics, citation analysis, ethical investing, research policy, scientometrics

Other Papers (1)

Total Downloads: 9    Citations: 0
1.

An Adjusted ABS List (with 'plus' and 'minus' tendencies)

Number of pages: 32 Posted: 25 May 2011
Andreas G. F. Hoepner
University of Reading - ICMA Centre
Downloads 0

Abstract: