Yannik Bofinger of the University of Giessen explains why fund managers risk looking like they have inferior investment skill when they choose to invest sustainably. As a result, he calls for a new and more holistic approach to evaluate fund investment skill.
Read the full paper, co-authored with Kim J.Heyden, Björn Rock, and Christina E.Bannier: “The sustainability trap: Active fund managers between ESG investing and fund overpricing” >>.
Yannik Bofinger is a research associate and PhD candidate with the “Behavioral and Social Finance and Accounting” research network at Justus-Liebig University Giessen. His current research interests include sustainability aspects from a corporate finance and an investors’ perspective. His research projects focus on Corporate Social Responsibility, ESG Investing, Sustainable Finance and Corporate Ethics.