Sustainable Investing & ESG Performance
Investors and other stakeholders increasingly track firm performance based on environmental, social, and governance metrics. Smeal researchers consider the business impact of this interest by investigating the state of sustainable investing, how firms perform on ESG measures, the quality of sustainability reporting, and the financial risk related to climate change.
Faculty Researchers
Brent W. Ambrose
Professor of Real Estate, Program Director, Director of Ph.D. Program, Director of Borrelli Institute for Real Estate Studies
381 Business Building
Phone Number: 814-867-0066
Email Address: bwa10@psu.edu
Recent Publication: Ambrose B. W., Valentin M., "Federal Tax Deductions and the Demand for Local Public Goods." Review of Economics and Statistics, 2023, pp. Forthcoming
Jess Cornaggia
Professor of Finance
311 Business Building
Phone Number: 814-863-2390
Email Address: jnc29@psu.edu
Recent Publication: Cornaggia J., Gustafson M., Kotter J., Pisciotta K., "IPOs and the Local Economy: Evidence of Crowding Out." Review of Finance, 2024
Matthew Gustafson
Professor of Finance
335 Business Building
Phone Number: 814-867-4042
Email Address: mtg15@psu.edu
Recent Publication: Gustafson M., Cornaggia J., Pisciotta K., Kotter J., "IPOs and the Local Economy: Evidence of Crowding Out." Review of Finance, 2024, pp. 65
David Haushalter
Associate Professor of Finance, Academic Director
339 Business Building
Phone Number: 814-863-7969
Email Address: gdh12@psu.edu
Recent Publication: Haushalter G. D., henry J., Iliev P., "Can Banks Save Mountains?." Review of Corporate Finance Studies, 2023
Peter G. Iliev
Professor of Finance
306 Business Building
Phone Number: 814-863-5456
Email Address: pgi1@psu.edu
Recent Publication: Iliev P. G., Roth L., "Director Expertise and Corporate Sustainability." Review of Finance, vol. 27, no. 6, 2023, pp. 2085–2123
Stefan M. Lewellen
Assistant Professor of Finance
360 Business Building
Phone Number: 814-867-5848
Email Address: sml582@psu.edu
Recent Publication: Egan M., Lewellen S. M., Sunderam A., "The Cross Section of Bank Value." Review of Financial Studies, vol. 35, no. 5, 2022, pp. 2101-2143
Jiro Yoshida
Professor of Business, Department of Risk Management
368 Business Building
Phone Number: 814-865-0392
Email Address: juy18@psu.edu
Recent Publication: Seko M., Sumita K., Yoshida J., "Underutilized Housing in an Aging Society: How Bequest Motives Affect Housing Choices." Center on Japanese Economy and Business Working Papers, vol. 384, 2024
Nan Zhu
Associate Professor of Risk Management
303 Business Building
Phone Number: 814-863-8666
Email Address: nxz24@psu.edu
Recent Publication: Moenig T., Zhu N., "Adverse selection in tontines." The Geneva Risk and Insurance Review, 2024, doi.org/10.1057/s10713-024-00104-w