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On Incentives for Sustainable Investments

Author

Listed:
  • Foufas, Georgios

    () (Centre for Finance, School of Business, Economics and Law, Gothenburg University)

  • Sundén, Mattias

    () (Centre for Finance, School of Business, Economics and Law, Gothenburg University)

  • Carlsson, Evert

    () (Centre for Finance, School of Business, Economics and Law, Gothenburg University)

Abstract

There is a trend among institutional investors to split their assets between index-managers and specialists. The specialist mandates are typically delegated to specialist asset managers, who are assumed to generate "alpha", take on large risks and whose remuneration is performance based. In this paper, we will study how the optimal behavior of the specialist manager will depend on the remuneration structure.

Suggested Citation

  • Foufas, Georgios & Sundén, Mattias & Carlsson, Evert, 2010. "On Incentives for Sustainable Investments," Sustainable Investment and Corporate Governance Working Papers 2010/1, Sustainable Investment Research Platform.
  • Handle: RePEc:hhb:sicgwp:2010_001
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    Keywords

    Incentives; portfolio choice; sustainable investments; value function;

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