Dr Andreas G. F. Hoepner

Visiting Professor

a.hoepner@icmacentre.ac.uk  |  +44 (0)118 378 8239
Andreas Hoepner

Specialisms

Location

ICMA Centre, Whiteknights Campus

Professor 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 remained subsequently as Visiting Professor of Finance teaching FCA staff on Ethics, Governance & Accountability.

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 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, 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). Co-founded with Dr. Borth, Drs. Hees and Dr. Rezec, SVL is a spin-off from the German Research Centre for Artificial Intelligence [DFKI]) which is committed to fostering innovations in support of the Sustainable Development Principles while adhering to the Asilomar AI Principles and the ReFine Principles for Financial Data Science.

Prior to taking up 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 also consulted for organisations including the European Commission, the International Finance Corporation (IFC), and the University of Cambridge’s Institute for Sustainability Leadership (CISL).

Dr. Hoepner is 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”.

Besides these academic honours, Dr. Hoepner’s research and views have been covered in mainstream international media (TV, Radio & Print) including BBC (World Business Report, Business Live, Radio 4 today programme, Radio 5 Live, South Live), Financial Times, The New York Times, CNN, Guardian, Deutsche Welle, Die Zeit, Les Echos or Le Monde. He has also presented professionally relevant insights from his research to dozens of asset managers including three quarters of the trillion US$ group (i.e. AGI, Amundi, AXA, BlackRock, BNP Paribas, Capital Group, Deutsche, JP Morgan, LGIM, PIMCO, SSGA, UBS, Vanguard) and many other relevant organisations (e.g. AP1, AP3, AP4, AP7, Bloomberg, BVI, CDC, CFA, China Securities Regulatory Commission, Church of England, DVFA FinTech Forum, EFFAS, European Commission, Environmental Agency Pension Fund, FCA, Freshfields, FTSE, German Council for Sustainable Development, IFC, Invesco, IOSCO, Ireland Strategic Investment Fund, MSCI, Northern Trust, OTPP, Pantheon, PKA, PRI, SPDB, Swedish House of Finance, Swiss Finance Institute, S&P Global, UNGC, Unipension, Unisuper, or USS). Selected presentations and interviews of Dr. Hoepner have been translated into Chinese, Danish, French, German, Japanese, Korean, Portuguese and Russian.

A detailed record of Dr. Hoepner’s publications and presentations can be found on his CV.

Media coverage of climate change: an international comparison

Dr Andreas G. F. Hoepner, Ralf Barkemeyer, Frank Figge, Diane Holt, Johannes Marcelus Kraak, Pei Shan Yu
Reference: Barkemeyer, R., Figge, F., Hoepner, A. , Holt, D., Kraak, J. M. and Yu, P. S. (2017) Media coverage of climate change: an international comparison. Environment and Planning C: Politics and Space, 35 (6). pp. 1029-1054. ISSN 2399-6544 doi: https://doi.org/10.1177/0263774X16680818
Reference: Liu, S. , Zhou, X. , Yang, J. and Hoepner, A. (2017) Corporate carbon emission and financial performance: does carbon disclosure mediate the relationship in the UK? In: European Accounting Association Annual Congress 2017, 10-12, May, 2017, Valencia, Spain. (In Press)
Reference: Liesen, A., Figge, F., Hoepner, A. G. and Patten, D. M. (2017) Climate change and asset prices: are corporate carbon disclosure and performance priced appropriately? Journal of Business Finance & Accounting, 44 (1-2). pp. 35-62. ISSN 1468-5957 doi: https://doi.org/10.1111/jbfa.12217
Reference: Hoepner, A. G. F. and Schopohl, L. (2018) 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, 151 (3). pp. 665-692. ISSN 1573-0697 doi: https://doi.org/10.1007/s10551-016-3261-0
Reference: Liesen, A., Hoepner, A. G. , Patten, D. M. and Figge, F. (2015) Does stakeholder pressure influence corporate GHG emissions reporting? Empirical evidence from Europe. Accounting, Auditing & Accountability Journal, 28 (7). pp. 1047-1074. ISSN 0951-3574 doi: https://doi.org/10.1108/AAAJ-12-2013-1547
Reference: 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). pp. 723-741. ISSN 1573-0697 doi: https://doi.org/10.1007/s10551-016-3057-2
Reference: Ibikunle, G., Gregoriou, A., Hoepner, A. and Rhodes, M. (2016) Liquidity and market efficiency in the world’s largest carbon market. The British Accounting Review, 48 (4). pp. 431-447. ISSN 0890-8389 doi: https://doi.org/10.1016/j.bar.2015.11.001
Reference: Hoepner, A. , 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 & Accounting, 43 (1-2). pp. 158-190. ISSN 1468-5957 doi: https://doi.org/10.1111/jbfa.12183
Reference: Barkemeyer, R., Figge, F., Hahn, T., Hoepner, A. G. F. , Liesen, G. and Neher, A. (2014) Operationalizing socially responsible investment: a non-financial fiduciary duty problem. In: Hawley, J. P., Hoepner, A. G. F. , Johnson, K. L., Sandberg, J. and Waitzer, E. J. (eds.) Cambridge Handbook of Institutional Investment and Fiduciary Duty. Cambridge University Press, Cambridge. ISBN 9781107035874
Reference: Hoepner, A. G. F. and Zeume, S. (2014) Fiduciary duty and sin stocks: is vice really nice? In: Hawley, J. P., Hoepner, A. G. F. , Johnson, K. L., Sandberg, J. and Waitzer, E. J. (eds.) Cambridge Handbook of Institutional Investment and Fiduciary Duty. Cambridge University Press, Cambridge, pp. 181-207. ISBN 9781107035874

Introduction

Dr Andreas G. F. Hoepner, J. P. Hawley, K. L. Johnson, J. Sandberg, E. J. Waitzer
Reference: Hawley, J. P., Hoepner, A. G. F. , Johnson, K. L., Sandberg, J. and Waitzer, E. J. (2014) Introduction. In: Hawley, J. P., Hoepner, A. G. F. , Johnson, K. L., Sandberg, J. and Waitzer, E. J. (eds.) Cambridge Handbook of Institutional Investment and Fiduciary Duty. Cambridge University Press, Cambridge, pp. 1-8. ISBN 9781107035874
Reference: Hoepner, A. G. F. , Huang, G. and Lui, H. (2016) Beyond outreach: corporate social responsibility and the financial performance of microfinance institutions. In: Hebb, T., Hawley, J. P., Hoepner, A. G. F. , Neher, A. L. and Wood, D. (eds.) The Routledge Handbook of Responsible Investment. Routledge, Abingdon, pp. 677-688. ISBN 9780415624510

Introduction

Dr Andreas G. F. Hoepner, T. Hebb, J. P. Hawley, A. L. Neher, D. Wood
Reference: Hebb, T., Hawley, J. P., Hoepner, A. G. F. , Neher, A. L. and Wood, D. (2016) Introduction. In: Hebb, T., Hawley, J. P., Hoepner, A. G. F. , Neher, A. L. and Wood, D. (eds.) The Routledge Handbook of Responsible Investment. Routledge, Abingdon, pp. 3-15. ISBN 9780415624510
Reference: Hoepner, A. G. F. , McMillan, D. G. and Fraser, M. (2016) Is responsible investment proportionally under researched? In: Hebb, T., Hawley, J. P., Hoepner, A. G. F. , Neher, A. L. and Wood, D. (eds.) The Routledge Handbook of responsible investment. Routledge, Abingdon, pp. 34-52. ISBN 9780415624510
Reference: Hoepner, A. G. F. , Kant, B., Scholtens, B. and Yu, P.-S. (2013) Is the journal 'Ecological Economics' really in itself a poor and misleading guide to what ecological economics is about? A reply to "Influencing the perception of what and who is important in ecological economics". Ecological Economics, 89. pp. 174-176. ISSN 0921-8009 doi: https://doi.org/10.1016/j.ecolecon.2013.03.001
Reference: Hoepner, A. G. F. , Kant, B., Scholtens, B. and Yu, P.-S. (2012) Environmental and ecological economics in the 21st century: an age adjusted citation analysis of the most influential articles, journals, authors and institutions. Ecological Economics, 77. pp. 193-206. ISSN 0921-8009 doi: https://doi.org/10.1016/j.ecolecon.2012.03.002
Reference: Adamsson, H. , Hoepner, A. , Rammal, H.G. and Rezec, M. (2011) A review of Islamic funds’ financial performance and investment style in muslim and non-muslim countries. In: Hadj Ali, S. and Escurat, A. (eds.) Finance Islamique. Regard(s) sure une finance alternative. Mazars, Algiers.

Active ownership and ESG performance

Dr Andreas G. F. Hoepner, Arleta. A. A. Majoch, E. James M. Gifford
Reference: Majoch, A. A. A., Gifford, E. J. M. and Hoepner, A. G. F. (2012) Active ownership and ESG performance. In: Jones, S. and Ratnatunga, J. (eds.) Contemporary issues in sustainability accounting, assurance and reporting. Emerald Group Publishing Limited, Bingley, pp. 115-138. ISBN 9781780520209
Reference: Hoepner, A. G. F. and Wilson, J. O.S. (2012) Social, environmental, ethical and trust (SEET) issues in banking: an overview. In: Barth, J. R., Lin, C. and Wihlborg, C. (eds.) Research Handbook on International Banking and Governance. Edward Elgar, Cheltenham, pp. 427-457. ISBN 9781849802932
Reference: Biehl, C. F. , Hoepner, A. G. F. and Liu, J. (2012) Social, environmental and trust issues in business and finance. In: Baker, H. K. and Nofsinger, J. R. (eds.) Socially Responsible Finance and Investing. Wiley, Hoboken, pp. 111-142. ISBN 9781118100097
Reference: Adamsson, H. , Hoepner, A. , Rammal, H. and Rezec, M. (2011) A review of Islamic mutual funds’ financial performance and investment style in Muslim and non-Muslim countries. In: Finance Islamique: regard(s) sur une finance alternative. Mazars Algeria, pp. 129-132.
Reference: Gray, R. and Hoepner, A. G. F. (2011) PLEASE CITE THIS: an exploratory paper on citations, impacts and the social accounting literature. Social and Environmental Accountability Journal, 31 (1). pp. 25-47. ISSN 0969-160X doi: https://doi.org/10.1080/0969160X.2011.556392
Reference: Hoepner, A. and Unerman, J. (2012) Explicit and implicit subject bias in the ABS journal quality guide. Accounting Education, 21 (1). pp. 5-13. ISSN 0963-9284 doi: https://doi.org/10.1080/09639284.2011.651291
Reference: Hoepner, A. , Rammal, H. and Rezec, M. (2011) Islamic mutual funds' financial performance and international investment style: evidence from 20 countries. European Journal of Finance, 17 (9/10). pp. 829-850. ISSN 1466-4364 doi: https://doi.org/10.1080/1351847X.2010.538521
Reference: Hoepner, A. G. F. , Kant, B., Scholtens, B. and Yu, P.-S. (2012) Environmental and ecological economics in the 21st century: an age adjusted citation analysis of the influential articles, journals, authors and institutions. Ecological Economics, 77. pp. 193-206. ISSN 0921-8009 doi: https://doi.org/10.1016/j.ecolecon.2012.03.002
Reference: Hoepner, A. G. F. , de Aguiar, T. R. S. and Majithia, R. (2014) The level of compliance with the International Code of marketing of breast-milk substitutes: does it matter to stock markets? Journal of Business Ethics, 119 (3). pp. 329-348. ISSN 1573-0697 doi: https://doi.org/10.1007/s10551-013-1625-2

Past Events

7th December 2015 Geneva
2nd December 2015 Paris
25th November 2015 Edinburgh
24th November 2015 Stockholm
23rd November 2015 London
19th November 2015 Boston
4th June 2015 Rotman School of Management, Toronto
8th December 2015 Zurich Stock Exchange, Zurich

Hoepner, A. G. F., de Aguiar, T. R. S. and Majithia, R. (2014) The level of compliance with the International Code of marketing of breast-milk substitutes: does it matter to stock markets? Journal of Business Ethics, 119 (3). pp. 329-348. ISSN 1573-0697 doi: 10.1007/s10551-013-1625-2

Hoepner, A. G. F., Kant, B., Scholtens, B. and Yu, P.-S. (2012) Environmental and ecological economics in the 21st century: an age adjusted citation analysis of the influential articles, journals, authors and institutions. Ecological Economics, 77. pp. 193-206. ISSN 0921-8009 doi: 10.1016/j.ecolecon.2012.03.002

Hoepner, A. and Unerman, J. (2012) Explicit and implicit subject bias in the ABS journal quality guide. Accounting Education, 21 (1). pp. 5-13. ISSN 0963-9284 doi: 10.1080/09639284.2011.651291

Hoepner, A., Rammal, H. and Rezec, M. (2011) Islamic mutual funds' financial performance and international investment style: evidence from 20 countries. European Journal of Finance, 17 (9/10). pp. 829-850. ISSN 1466-4364 doi: 10.1080/1351847X.2010.538521

Biehl, C., Hoepner, A. G.F. and Liu, J. (2012) Social, environmental, and trust issues in business and finance. In: Baker, H. K. and Nofsinger, J. R. (eds.) Socially responsible finance and investing : financial institutions, corporations, investors, and activists. John Wiley & Sons, Hoboken, NJ, pp. 111-142. ISBN 9781118100097 doi:10.1002/9781118524015.ch7 (Biehl, C. F., Hoepner, A. G. F. and Liu, J. (2012) Social, Environmental, and Trust Issues in Business and Finance, in Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors, and Activists (eds H. K. Baker and J. R. No)

Hebb, T., Hawley, J. P., Hoepner, A. G. F., Neher, A. L. and Wood, D., eds. (2016) The Routledge Handbook of Responsible Investment. Routledge, Abingdon. ISBN 9780415624510

Hawley, J. P., Hoepner, A. G. F., Johnson, K. L., Sandberg, J. and Waitzer, E. J., eds. (2014) Handbook of institutional investment and fiduciary duty. Cambridge University Press, pp507. ISBN 9781107035874

Liesen, A.; Figge, F.; Hoepner, A. G. F. and Patten, D. M. (forthcoming) ‘Climate Change and Asset Prices: Are Corporate Carbon Disclosure and Performance priced appropriately?’ Forthcoming in Journal of Business Finance & Accounting

Hoepner, A. G. F. and Schopohl, L. (forthcoming) ‘On the Price of Morals in Markets: A Clinical Study of the Swedish AP funds and the Norwegian Government Pension Fund’ Forthcoming in Journal of Business Ethics DOI: 10.1007/s10551-016-3261-0

Majoch, A. A. A., Hoepner, A. G. F. and Hebb, T. (2016) Sources of stakeholder salience in the responsible investment movement: why do investors sign the Principles for Responsible Investment? Journal of Business Ethics. ISSN 1573-0697 doi: 10.1007/s10551-016-3057-2

Hoepner, A., 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 & Accounting, 43 (1-2). pp. 158-190. ISSN 1468-5957 doi: 10.1111/jbfa.12183

Ibikunle, G., Gregoriou, A., Hoepner, A. and Rhodes, M. (2015) Liquidity and market efficiency in the world’s largest carbon market. The British Accounting Review. ISSN 0890-8389 doi: 10.1016/j.bar.2015.11.001 (In Press)

Liesen, A., Hoepner, A. G., Patten, D. M. and Figge, F. (2015) Does stakeholder pressure influence corporate GHG emissions reporting? Empirical evidence from Europe. Accounting, Auditing & Accountability Journal, 28 (7). pp. 1047-1074. ISSN 0951-3574 doi: 10.1108/AAAJ-12-2013-1547

Hoepner, A. G. F., de Aguiar, T. R. S. and Majithia, R. (2014) The level of compliance with the International Code of marketing of breast-milk substitutes: does it matter to stock markets? Journal of Business Ethics, 119 (3). pp. 329-348. ISSN 1573-0697 doi: 10.1007/s10551-013-1625-2

Hoepner, A. G. F., Huang, G. and Lui, H. (2016) Beyond outreach: corporate social responsibility and the financial performance of microfinance institutions. In: Hebb, T., Hawley, J. P., Hoepner, A. G. F., Neher, A. L. and Wood, D. (eds.) The Routledge Handbook of Responsible Investment. Routledge, Abingdon, pp. 677-688. ISBN 9780415624510

Hebb, T., Hawley, J. P., Hoepner, A. G. F., Neher, A. L. and Wood, D. (2016) Introduction. In: Hebb, T., Hawley, J. P., Hoepner, A. G. F., Neher, A. L. and Wood, D. (eds.) The Routledge Handbook of Responsible Investment. Routledge, Abingdon, pp. 3-15. ISBN 9780415624510

Hoepner, A. G. F., McMillan, D. G. and Fraser, M. (2016) Is responsible investment under proportionally researched? In: Hebb, T., Hawley, J. P., Hoepner, A. G. F., Neher, A. L. and Wood, D. (eds.) The Routledge Handbook of responsible investment. Routledge, Abingdon, pp. 34-52. ISBN 9780415624510

Hoepner, A. G. F. and Zeume, S. (2014) Fiduciary duty and sin stocks: is vice really nice? In: Hawley, J. P., Hoepner, A. G. F., Johnson, K. L., Sandberg, J. and Waitzer, E. J. (eds.) Cambridge Handbook of Institutional Investment and Fiduciary Duty. Cambridge University Press, Cambridge, pp. 181-207. ISBN 9781107035874

Hawley, J. P., Hoepner, A. G. F., Johnson, K. L., Sandberg, J. and Waitzer, E. J. (2014) Introduction. In: Hawley, J. P., Hoepner, A. G. F., Johnson, K. L., Sandberg, J. and Waitzer, E. J. (eds.) Cambridge Handbook of Institutional Investment and Fiduciary Duty. Cambridge University Press, Cambridge, pp. 1-8. ISBN 9781107035874

Barkemeyer, R., Figge, F., Hahn, T., Hoepner, A. G. F., Liesen, G. and Neher, A. (2014) Operationalizing socially responsible investment: a non-financial fiduciary duty problem. In: Hawley, J. P., Hoepner, A. G. F., Johnson, K. L., Sandberg, J. and Waitzer, E. J. (eds.) Cambridge Handbook of Institutional Investment and Fiduciary Duty. Cambridge University Press, Cambridge. ISBN 9781107035874