Publications: Long-term ESG performance and risk evaluation

2024

Gollier C., (2024), "The welfare cost of ignoring the beta", Journal of Political Economy: Microeconomics, forthcoming

Gollier C., (2024), "Evaluating sustainability actions under uncertainty: The role of improbable extreme scenarios", The Geneva Risk and Insurance Review, vol.49, pp. 59-74, March

2023

Brière M., Huynh K., Laudy O. and Pouget S.,(2023), "Stock market reaction to news: Do tense and horizon matter?", Finance Research Letters, vol. 58, Part D, December

Crifo P., (2023), "Normes ESG et transition juste: comment prendre en compte simultanément les enjeux environnementaux et sociaux?", Revue Servir, vol. 520, pp. 16-20, February-March

Cherbonnier F. and Gollier C., (2023), "Fixing our public discounting systems", Annual Review of Financial Economics, vol. 15, pp. 147-164

Gollier C., Van der Ploeg F. and Zheng J., (2023), "The discounting premium puzzle: Survey evidence from professional economists", Journal of Environmental Economics and Management, vol. 122, October

Bianchi M., Liu Z. and Wang G., (2023), "Who Becomes a Green Investor? Life-time Experiences and Responsible Investment", working paper

Cherbonnier F., Gollier C. and Pommeret A, (2023), "Stress discounting", working paper

Crifo P., Durand R., Fangwa, Gond JP. and Slager CR, (2023), "Green and Solidarity Finance labels: a qualitative comparative analysis", working paper

Delaere F., Moinas S. and Pouget S., (2023), "Integrating health impacts in corporate decision-making tools: A case study on sugar in the Food and Beverage Industry", working paper

Gollier C. and Kihlstrom R.E, (2023),  "Recursive asset pricing with non recursive preferences", working paper

2022

Arjalies DL, Chollet P., Crifo P. and Mottis N., (2022),  "The Motivations and Practices of Impact Assessment in Sociallly Responsible Investing: The French Case and its Implications for the Accounting and impact Investing Communities", Social and Environmental Accountability Journal, vol. 43(1), pp. 1-29, February

Crifo P., (2022), "La promesse des labels de la finance verte".  dans Le virus de la recherche - Transition environnementale ebook Presses Universitaires de Grenoble, June

2021

Gollier C., (2021), "A general theory of risk apportionment", Journal of Economic Theory, vol. 192, March

Moinas S. and Rossetto S., (2021), "Sustainable policies and firms' economic/financial performance", working paper

2020

Andries, M. and Boyarchenko N., (2020), "Ambiguous Trade-offs: An Application to Climate Change", working paper.

Casamatta C. and Pouget S., (2020), "Fund managers' Contracts and Financial Markets' Short-termism", working paper

Crifo P., Durand R. and Gond JP., (2020), "Le rôle des labels dans la finance verte: construction et régulation d'un marché des labels en France", Revue d'Economie Financière, vol. 138(2), pp. 209-223

Crifo P., Kervinio Y. and Quinet E., (2020), "L'intégration des impacts environnementaux dans l'évaluation des investissements privés", Transitions, pp. 76-83

Gollier C., (2020), "Aversion to risk of regret and preference for positively skewed risks", Economic Theory, vol. 70, pp. 913-941

2019

Andries M., Eisenbach TM. and Schmalz MC., (2019), "Horizon-Dependent Risk Aversion and the Timing and Pricing of Uncertainty", working paper, selected in FRB of New York 

Crifo P., Durand R. and Gond JP., (2019), "Encouraging Investors to Enable Corporate Sustainability Transitions: The Case of Responsible Investment in France", Organization & Environment, vol. 32(2), pp. 125-144.

Capelle-Blancard G., Crifo P., Diaye MA., Oueghlissi R. and Scholtens B., (2019), "Environmental, Social and Governance (ESG) performance and sovereign bond spreads: an empirical analysis of OECD countries", Journal of Banking and Finance, vol. 98, pp. 156-169, January

Louche C., Busch T., Crifo P., and Markus A., (2019), "Financial Markets and the Transition to a Low-Carbon Economy: Challenging the Dominant Logics", Organization & Environment, vol. 32, n° 1, pp. 3–17, February

Mottis N., Arjalies DL., Crifo P. and Bouchet V., (2019), "Mesure d’Impact et Investissement Socialement Responsable", working paper.

Arjalies DL., Chollet P., Crifo P. and Mottis N., (2019), "Myth and Reality of Impact Assessment in the Investment Industry", working paper.

Gollier, C., (2019), "Valuation of natural capital under uncertain substitutability", Journal of Environmental Economics and Management, vol. 94, pp. 54-66.

Gollier, C., (2019), Le climat après la fin du mois, PUF, May

Jaballah, J. and Pouget S., (2019), "Facteurs Environnementaux, Sociaux et de Gouvernance et performance des petites et moyennes entreprises cotées", working paper.

Le Bris D., Goetzmann W. and Pouget S., (2019), "The present value relation over six centuries: The case of the Bazacle company", Journal of Financial Economics, vol. 132, n°1, pp. 248-265, April

2018

Capelle-Blancard G., Crifo P., Diaye MA., Oueghlissi R. and Scholtens B., (2018), "Environmental, Social and Governance (ESG) performance and sovereign bond spreads: an empirical analysis of OECD countries", Journal of Banking and Finance

Gollier, C. and Kimball M. (2018), "Toward a Systematic Approach to the Economic Effects of Risk: Characterizing Utility Functions", IDEI Working Paper 884

Jaballah, J., and Pouget S.(2018), "Family and employee ownership in small and mid caps: Impact on financial and extra-financial performance", working paper

2017

Crifo P., Diaye MA. and Oueghlissi R., (2017), "Measuring the effect of government ESG performance on sovereign borrowing cost", Quarterly Review of Economics and Finance, vol. 66, pp. 13-20.

Jaballah, J. and Pouget S., (2017), "Facteurs ESG et performance des Petites et Moyennes Capitalisations", Edmond de Rothschild asset Management, Les Chroniques de l’ISR.

Lyon T., Delmas M., Maxwell J., Bansal T., Chiroleu-Assouline M., Crifo P, Durand R , Gond JP, King A, Lenox M, Toeffel M, Vogel D and Wijen F., (2018), "CSR Needs CPR: Corporate Sustainability and Politics", California Management Review.

2016

Crifo P., Diaye MA. and Pekovic S., (2016), "CSR related management practices and Firm Performance: An Empirical Analysis of the Quantity-Quality Trade-off on French Data", International Journal of Production Economics. vol. 171(3), pp. 405-416.

Benhamou S., Diaye MA. and Crifo P., (2016), "RSE et compétitivité. Evaluation et approche stratégique", Etude France Stratégie, 150 pages.

2015

Cavaco S. and Crifo P., (2015), "RSE et performance", IRES, Etude CFE CGC.

Crifo P. and Forget V., (2015), "The Economics of Corporate Social Responsibility: A Firm Level Perspective Survey", Journal of Economic Surveys, vol. 29(1), pp. 112–130.

Crifo P.. and Forget V., (2015), "Capital Investissement et enjeux ESG", Analyse Financière n° 56, pp. 46-48, July-August-September

Gollier, C. and Tirole J., (2015), Negotiating effective institutions against climate change”, Economics of Energy and Environmental Policy, vol. 4(2), pp. 5–27.

2014

Crifo P., Diaye MA. and Oueghlissi R., (2014), “Measuring the effect of government ESG performance on sovereign borrowing cost”, Cahiers de Recherche n° 2014-16, Département d’Economie de l’Ecole Polytechnique.

Gollier, C. and Hammitt JK., (2014), "The long run discount rate controversy", Annual Review of Resources Economics, vol. 6, pp. 273-295.

2012

Gollier, C. (2012), "The debate on discounting: Reconciling positivists and ethicists", Chicago Journal of International Law, vol. 13(2), pp. 551-566.

Gollier, C. (2012), "Actualisation et développement durable: en faisons-nous assez pour les générations futures?", Annales d'Economie et de Statistique, Hors Série n°1, pp. 57-96.

Gollier, C. (2012), "Finance durable et investissement responsable", Regards Economiques, n°99, pp. 7-19.

Gollier, C. (2012), "Sommes-nous trop égoïstes ou trop généreux envers les générations futures?", Reflets et perspectives de la vie économique, vol. 51, pp. 67-76.

Gollier, C. (2012), "Evaluation of long-dated investments under uncertain growth trend, volatility and catastrophes," IDEI Working Papers, 754, revised Sept 2015.

Gollier, C. (2013), "Asset Pricing with Uncertain Betas: A Long-Term Perspective", CESifo Working Paper Series No. 4072.

Gollier, C. (2012), "Pricing the Planet’s Future: The Economics of Discounting in an Uncertain World", Princeton University Press, Pinceton (NJ).

Courbage C, Treich N. and Rey B. (2011), "Prevention and precaution", The Handbook of Insurance Economics, pp. 185-204