UZH Department of Finance

👏 Congralutations to Markus Leippold, Zacharias Sautner and Tingyu Yu! "Honorable Mentions for the Kellogg School Moskowitz Prize go to "Corporate Climate Lobbying", a study quantifying how much businesses spend on climate lobbying and how anti-climate lobbying is concentrated in carbon-intensive industries, often camouflaged in reports, and associated with higher returns for firms due to priced-in risk." 🌟

📢 Call for Papers: Zurich-Bern Real Estate Finance & Economics Workshop 2025 Our Department of Finance, together with the UZH Department of Economics at the Universität Zürich and the Economics Department at the Universität Bern, is excited to announce the 1st Zurich-Bern Real Estate Finance and Economics Annual Workshop on 12-13 June 2025. We invite submissions from all areas of real estate finance and urban/real estate economics for presentation at this workshop. Keynote Speakers: -Lu Han (University of Wisconsin-Madison) -Moritz Schularick (Sciences Po, Paris and Institute for the World Economy, Kiel) Submission Details: -Submit your paper (PDF format) to [email protected] by February 16, 2025 -Authors of accepted papers will be notified by March 14, 2025 Don't miss this opportunity to engage with peers and contribute to advancing research in this exciting field. Accommodation costs for invited speakers and discussants will be fully covered. We look forward to your submissions! Learn more: https://lnkd.in/equKGriv Scientific Committee: Francisco Amaral, Maximilian v. Ehrlich, Christian Hilber, Mathias Hoffmann, Per Östberg, Thomas Richter Special thanks go to CUREM - Center for Urban & Real Estate Management, Universität Zürich, for their valued support of this event. #UZH #WeAreDF #CallforPapers #RealEstate #Workshop #CUREM

Wrapping up the year with a get-together and good vibes!🥂 Together with the Department of Business Administration, we hosted our annual end-of-year gathering at our shared space in front of the building. It was a great evening filled with joy to connect with other colleagues across departments. 🎉✨ #WeAreDF #UZH #Platte14 #EndofYearParty 

🌍 Improving Climate-Economic Models for Better Policy Decisions Climate change is one of the most pressing global challenges, and effective policy relies on accurate predictions. A new study led by Prof. Felix Kubler from the Universität Zürich | University of Zurich and collaborators from ETH Zürich, University of Lausanne, and Ludwig-Maximilians-Universität München has significantly improved the calibration of climate-economic models. Their research focuses on refining climate emulators — models that simulate the relationship between CO2 emissions and global warming. By improving the calibration of these models, they ensure more accurate projections, which are critical for shaping policies around carbon taxation and climate change mitigation. With better alignment to cutting-edge climate science, this improved approach will empower policymakers with more reliable data for tackling climate change. Learn more: https://lnkd.in/ei7BPr-c  Photo Source: Carolin Krajcir #WeAreDF #ResearchExcellence #FinancialResearch #Innovation  #ClimateEconomics #Policy #ClimateChange #Sustainability #CarbonEmissions

Join us for the Finance Seminar featuring Lu Liu from The Wharton School to learn how different mortgage structures influence monetary policy transmission and financial stability. Her research shows that financial stability risks are "U-shaped" in mortgage structure. Adjustable-rate mortgages (ARMs) are more sensitive to interest rates changes, causing defaults when banks are financially robust, which lowers risk premia during crises compared to fixed-rate mortgages (FRMs). As a result, mortgage structure with moderate fixed interest rate period reduces fluctuations in the financial health of banks. During this weekly seminar, she will present her research paper and share her valuable findings with us.   Title: "A Macro-Finance Model of Mortgage Structure: Financial Stability & Risk Sharing"  Date: Friday, 13 December 2024 Time: 10:45 - 12:00 Location: PLM-F-103/104   The seminar program: https://lnkd.in/eAFrnahP #WeAreDF #ResearchExcellence #FinancialResearch #Innovation #FinanceSeminar #CUREM

Presented my joint paper with Fabio Braggion, Nic Schaub, and Michael Weber "The Long-Term Effects of Inflation on Inflation Expectations" at the 14th ifo Conference on Macroeconomics and Survey Data. Grateful for the insightful discussions and excellent organization. Thanks to the organizers, ifo Institute, and all participants!

ESG has the potential to benefit both the planet and returns! 💡 An insightful study by Falko Paetzold, Co-head of Initiative in Sustainable Finance, Dr. Noah Bani-Harouni, and Ulrich HOMMEL (霍文麒) reveals what many of us suspected: strategic ESG implementation is a powerful driver of financial performance.  👉🏼 Key success factors that emerged:  1. Early integration during due diligence (especially crucial for €1B+ funds)  2. Robust value creation plans (with interesting size-dependent outcomes)  3. Active impact monitoring with specific targets  4. Right-sized reporting frequency (quarterly for large funds, annual for smaller ones) Perhaps most intriguing is the study's revelation that fund size significantly influences optimal ESG strategy implementation. Smaller funds need different approaches than their larger counterparts — a crucial insight for Private Equity professionals. The message is clear: ESG isn't just about risk management anymore. It's a powerful value creation tool when implemented strategically.  Learn more: https://lnkd.in/ecbHZPGw #WeAreDF #ResearchExcellence #FinancialResearch #PrivateEquity #ESG #SustainableFinance #Investment #ValueCreation 

Transparency is key in sustainable finance! Discover #ParseStudio and unlock the full potential of your PDFs to bring clarity to your analysis. Markus Leippold, Imene K., Saeid A. Vaghefi and Chiara Colesanti Senni 👏

🚨 We are Hiring! Postdoctoral Researcher (75%; 12 months, renewable; third-party funding) for the Impact Metrics Library Project at the Geneva Finance Research Institute - University of Geneva (GFRI) and the Universität Zürich | University of Zurich. Join our team for an innovative project focused on developing rigorous impact performance metrics in the field of impact investing. The project will be led by Professor Rajna Gibson-Brandon (GFRI). 🔍 Key responsibilities: - Collect and analyze impact measurement data - Develop a comprehensive database of impact metrics - Propose new impact measures and assess them against predefined criteria - Contribute to project management and knowledge transfer 🧑🎓 We’re looking for: - PhD in Finance, Statistics, or Economics - Strong quantitative skills (Python or R) - Expertise in Sustainable Finance and Impact Finance (a plus) - Fluency in English (French desirable) 📅 Start Date: January 2025 (flexible) Interested? Apply now through the link below or contact [email protected] for more details. https://lnkd.in/eUYaGwN4 Photo source: Scott Graham by Unsplash #JobOpportunity #PostdoctoralResearch #SustainableFinance #ImpactMeasurement #GenevaFinanceResearchInstitute #UniversityOfZurich

🎉 Join us for the inaugural lecture by Professor Zacharias Sautner! Title: “The Value of ESG: Where and Why it Matters” 💡 Sustainable finance addresses whether and how investors should incorporate Environmental, Social, and Governance (ESG) criteria when providing money to companies, for example in the form of loans or equity. In his inaugural address, Prof. Zacharias Sautner shares his views on how (and how not) sustainable finance can create financial value for investors AND contribute to a more sustainable future. He illustrates his points by focusing on climate change and biodiversity loss, two of the biggest ESG challenges for investors. Date: Monday, 16 December 2024, 17.00h Place: Universität Zürich, Rämistrasse 71, Aula, KOL-G-201 Please note: The talk will be in English Register here: https://lnkd.in/e987dcAw  #WeAreDF #ResearchExcellence #FinancialResearch #Innovation  #Sustainability