researcher

Andreas Hoepner

Full Professor of Operational Risk, Banking & Finance

School of Business
UCD Michael Smurfit Graduate Business School
Carysfort Avenue, Blackrock, Co. Dublin
Republic of Ireland

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Biography

 Dr. Andreas G. F. Hoepner is Professor of Operational Risk, Banking & Finance at the Michael Smurfit Graduate Business School and the Lochlann Quinn School of Business of University College Dublin (UCD). Andreas is also heading the ¿Practical Tools¿ research group of the Mistra Financial Systems (MFS) research consortium (5 groups, total funding: SEK 58 million ~ about US$ 7 million), which aims to support Scandinavian and global asset owners with evidence-based tools for investment decision making. Before joining UCD in June 2017, Andreas was Associate Professor of Finance at the ICMA Centre of Henley Business School, where he is still a visitor. He is also Visiting Professor in Financial Data Science at the University of Hamburg, serves as a board member of the Financial Data Science Association (having been its inaugural chair in 2015-16) and educates investment professional in financial data science as Scientific Co-Director of the Certificate in Financial Data Science of the German Investment Analysts Association (DVFA). He is serving on independent assessment committees for the Investment & Pensions Europe (IPE) Awards (Categories: Climate Change Risk, ESG, Smart Beta), the Investment Innovation Benchmark (IIB), and the RI Awards. He sits on advisory boards for Bank J. Safra Sarasin (with former PRI chair Engshuber), the Carbon Disclosure Project (CDP), the Deep Data Delivery Standards (www.DeepData.ai), the French Social Investment Forum (FIR) and the Future World Fund (with Lord Stern).

Andreas received his PhD from St. Andrews in June 2010, where he was on faculty from 02/2009 to 09/2013. He is co-founder and chair of two socially motivated enterprises: ReFine Research Project which gives social reporting awards to pension funds and Sociovestix Labs (SVL), a laboratory committed to fostering innovations in support the UN¿s SDGs while adhering to the Asilomar AI Principles and the ReFine Principles for Financial Data Science. Prior to commencing his MISTRA role in March 2016, Andreas served over six years as lead academic advisor to the United Nations supported Principles for Responsible Investment and consulted organisations including the European Commission, the International Finance Corporation (IFC), and the University of Cambridge¿s Institute for Sustainability Leadership (CISL).

Dr. Hoepner¿s research has made him the sole inventor of a US patent titled ¿Investment Performance Measurement¿ (No. US8751357 B1). He also won several awards including a 2015 PRI/Sycomore Best Quantitative Paper, a 2012 Academy of Management Best Paper Proceeding, a 2010 PRI Academic Research Award, and 2011 and 2012 PRI/FIR Research Grant Awards. He publishes interdisciplinary in journals such as Accounting, Auditing & Accountability; Brain & Behavior; Ecological Economics; Environment & Planning C; European Journal of Finance; Journal of Business Ethics; and Journal of Business Finance & Accounting. He is co-editor of the Cambridge Handbook of Institutional Investment and Fiduciary Duty (foreword by Al Gore) and the Routledge Handbook of Responsible Investment. More generally, Dr. Hoepner¿s research earned him, aged 33, an invitation to serve as a Fellow of the Royal Society of Arts in 2015 for "exceptional contributions to the study of finance, particularly ... responsible investment¿.    

Publications

     

Peer Reviewed Journals

Liesen, A.; Hoepner, A. G. F.; Patten, D. M. and Figge, F. (2015) 'The Effects of Corporate and Country Sustainability Characteristics on the Cost of Debt: an International Investigation'. Accounting, Auditing and Accountability Journal, 28 (7):1047-1074. [Details]
Hoepner, A. G. F.; Oikonomou, I.; Scholtens, L. J. R. and Schröder, M. (2016) 'The Effects of Corporate and Country Sustainability Characteristics on the Cost of Debt: an International Investigation'. Journal of Business Finance and Accounting, 43 (1 & 2):158-190. [Details]
Ibikunle, G.; Gregoriou, A.; Hoepner, A. G. F. and Rhodes, M. (2016) 'Liquidity and Market efficiency in the world¿s largest carbon market'. British Accounting Review, 48 (4):431-447. [Details]
Liesen, A.; Figge, F.; Hoepner, A. G. F. and Patten, D. M. (2017) 'Climate Change and Asset Prices: Are Corporate Carbon Disclosure and Performance priced appropriately?'. Journal of Business Finance and Accounting, 44 (1&2):35-62. [Details]
Majoch, A. A. A.; Hoepner, A. G. F. and Hebb, T. (2017) 'Sources of Stakeholder Salience in the Responsible Investment Movement: Why do investors sign the Principles for Responsible Investment?'. Journal of Business Ethics, 140 (4):723-741. [Details]
Hoepner, A. G. F. and Schopohl, L. (2017) '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, . [Details]
Barkemeyer, R.; Figge, F.; Hoepner, A. G. F.; Holt, D.; Kraak, J. & Yu, P. S.‎ (2017) 'Media Coverage of Climate Change: An International Comparison'. Environment and Planning C: Government and Policy, . [Details]
Miclea, A.; Miclea, M.; Pistor, M.; Hoepner, A. G. F.; Chan, A. and Hoepner, R. (2017) 'Vitamin D supplementation differentially affects seasonal multiple sclerosis disease activity'. Brain and Behavior, . [Details]
                                                                                                                     

Research

Research Interests

  
  • Asset Management (incl. Mixed-Asset, Multi-Asset, Scientific Alpha & Smart Beta)
  • Corporate Governance (incl. Corporate Legal Responsibility)
  • Financial Data Science (incl. Algorithms, Big Data, Deep Data & Information Processing)
  • Financial Markets (incl. Market Efficiency, Market Effectiveness & Market Integrity)
  • Operational Risks & Intangible Assets (incl. all 7 Op. Risk event types, Leadership & Trust)
  • Responsible Investment (incl. CSR, Impact Investing, SDGs & Sustainable Development)
  • Pension Funds (incl. Fee Structure, Long Termism & Reporting)
  • Regulation (incl. Basel II Operational Risk, Basel III Systemic Risk & GSIBs)
  • Research Design (incl. Concept Validity, Scientometrics & Statistics)
  • Risk Modelling (incl. Volatility, Uncertainty, Complexity & Ambiguity)
  • Stewardship (incl. Activism, Engagement & Voting)   
 

Recent Postgraduates

1.        Michael Rezec (Oct 2010 ¿ Sep. 2014) ¿Thesis Title: Alternative Approaches in ESG Investing: Four Essays on Investment Performance & Risk¿ (joint supervision with Bert Scholtens, examined by David Power. Placement: Sociovestix Labs)

2.        Hampus Adamsson (Oct. 2010 ¿ March 2015) ¿Thesis Title: Essays on Islamic Equity Investing¿ (joint supervision with Kais Bouslah, examined by David McMillan. Placement: Sociovestix Labs)

3.        Arleta A. A. Majoch (Oct. 2011 ¿ August 2016) ¿Identifying Sources of Salience among Global Asset Owners and Asset Managers: Three Essays on the Principles for Responsible Investment¿ (joint supervision with Tessa Hebb, examined by Jacquelyn Humphrey and Carol Padgett. Placement: MSCI ESG)

4.        Qian Li (Oct. 2011 ¿ Sep. 2016) ¿Corporate Social Irresponsibility and Shareholder Value¿ (with external advice from Mike Barnett, examined by Christian Klein and Sotiris Tsolacos. Placement: Said Business School, University of Oxford)

5.        Marcus Nilsson (Oct. 2011 ¿ Sep. 2016) ¿Four essays on socially responsible fixed income investing¿ (sole supervision, examined by Alan Gregory and Alfonso Dufour. Placement: Sociovestix Labs)

6.        Xiao (Rachel) Zhou (Oct. 2012  ¿ Sep. 2016) ¿Essays on the Effects of ESG Shareholder Engagement on Investment Risks and Return¿ (joint supervision with Ioannis Oikonomou, examined by Andrew Vivian and Chris Brooks. Placement: Smith School of Enterprise and Environment, University of Oxford)

7.        Lisa Schopohl (Oct. 2013  ¿ Jan. 2017) ¿Essays on Institutional Investment and Socially Responsible Investing¿ (sole supervision, examined by Ian Tonks and Chendi Zhang with no changes, not even typos, suggested. Placement: ICMA Centre, Henley Business School, University of Reading) [Winner of the 2017 FIR-PRI Best Ph.D. thesis award]

8.        Irena Timofeeva (Feb. 2012 - Jan. 2017 ) ¿Essays on responsibility and performance in investments¿ (with some external advice from Mike Barnett, examined by Julie Ayton and Sotiris Tsolacos)

9.        Rupini Deepa (Oct 2013 ¿ June 2017) ¿Corporate Legal Responsibility¿ (sole supervision, examined by Christian Klein and Ioannis Oikonomou, Placement: University of Hamburg)

10.     Guan Huang (commenced Oct. 2013) ¿Behavioral Microfinance¿ (joint supervision with Chris Brooks)

11.     Jianhong (Cherry) Liu (commenced Oct 2016) ¿Operational & Systematic Risks in Banking Groups¿ (joint supervision with Chardin Wese Simen)

12.     Yumeng Gao (commencing Oct 2017) ¿Multi-language text mining and asset prices¿ (joint supervision with Sha Liu)

 

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