ICMA Centre academics receive research award
Dr Ioannis Oikonomou and Professor Chris Brooks’ work on the connection between firm sustainability and the pricing of corporate bonds was recently honoured with the Outstanding Publication Award from the Financial Review academic journal.
The Financial Review is an internationally recognised journal which publishes rigorous and original research providing insights into all areas of financial economics. It is the official journal of the Eastern Finance Association (EFA). Every year the editorial team shortlists the papers published in the journal which it deems to be of the highest quality and then the members of the EFA vote the best among them. For 2014, the paper “The Effects of Corporate Social Performance on the Cost of Corporate Debt and Credit Ratings” of Professor Brooks and Dr Oikonomou was announced as the (joint) recipient of the award.
The paper provides findings supportive of a negative association between corporate social responsibility and credit spreads and a positive link between corporate social performance and credit quality − as measured by agency ratings. These conclusions are particularly useful for the multi-billion socially responsible investing (SRI) industry which has been expanding its investment universe from equity to bonds and alternative asset classes.
“Naturally, we are very happy to see our work being honoured in this way by the academic world. It is less than a year ago that the same paper was featured in CFA digest which shows that high quality research can, and should, also be practically relevant”, commented the authors.
You might also like
Head of ICMA Centre wins award
Dr Carol Padgett has won the 2019 University Teaching Fellowship scheme. Hosted by the Centre for Quality Support and Development, the award recognises staff who demonstrate individual excellence in teaching and support of student learning.
Lecturer receives promotion, award and research project grant
The ICMA Centre's Dr Marcel Prokopczuk has much to celebrate this week. Dr Prokopczuk who joined the Centre in 2009, received a promotion on the 1st of July to Senior Lecturer and yesterday was awarded a University Teaching and Learning prize as well as being awarded a British Academy research project grant.
The ICMA Centre Launches new Portfolio Simulation Platform
MSc and BSc students at the ICMA Centre that take the portfolio management course are involved in an assessed group project where they have to build and evaluate a hypothetical portfolio with securities of their choice using real time data. The new web-based ICMA Centre portfolio simulation platform that has been developed by StockTrak Inc and customised by Dr George Alexandridis allows students to trade securities in most major markets around the world in real time and build and manage large portfolios.