Skip to main content

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.

Published 1 May 2015
Topics:
Research news

You might also like

CBI’s first Green Bond Treasurer Survey supported by ICMA Centre academics

21 April 2020
Dr Ivan Sangiorgi and Dr Lisa Schopohl from the ICMA Centre at Henley Business School have supported the Climate Bonds Initiative (CBI) by providing data support for its first Green Bond Treasurer Survey.
Business News

Learning from the Competition

19 November 2018
ICMA Centre Visiting Fellow Dr Keith Arundale was featured in the November 2018 issue of the ICAEW’s Corporate Financier magazine. The article “Learning from the Competition” was based on Keith’s PhD research into the difference in investment practices of European and US venture capital firms and in their structural characteristics and the wider environment in which the firms operate, including cultural differences and attitudes to risk. Keith’s thesis is that these differences contribute to the lower historic performance of European VC funds compared to US VC funds.
Research news

Top 20 for Accounting and Finance in Complete University Guide 2018

27 April 2017
Henley has secured a UK top 20 position for Accounting and Finance, with student satisfaction climbing one place from the previous year to an impressive position of 18th.
Rankings news