The Research Initiative FDIR aims to understand the role of responsible investment in the economy and its impact on investors, and society as a whole. The link between non-financial performance, the issues of measuring non-financial performance of economic projects, the attractiveness of different investment strategies and responsible real influence of shareholder engagement are at the heart of the concerns of the Research Initiative.

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The Research Initiative cover three major topics:

- Long-term ESG performance and risk evaluation

A lot of Environmental, Social, and Governance (ESG) factors play out in the long-run. This research theme aims at studying how to value the opportunities and risks of investment projects in the ESG domain. In this setting, researchers will continue their work on Socially Responsible Investments and sovereign bonds. They will also explore the question of how to model social risks and catastrophic risks (related to climate change, nuclear disasters and others), and how to value them (interest rates, risk premium,…).

=> See Publications, Workshops and Conferences

- The Corporate Governance

This research project aims at studying the impact of various governance issues, such as directors' independence and expertise, executive compensation or shareholders' horizon, on companies' economic, financial and extra-financial performance. The objective is to build both a coherent conceptual framework and a comprehensive empirical investigation on French as well as international financial markets.

=> See Publications, Workshops and Conferences

- Shareholder engagement

Shareholder engagement aims at influencing corporate behavior. Engagement can take a number of forms from a dialogue between shareholders and executive, to seeking nominations on the board of directors, and to proposing resolutions and voting in shareholder meetings. This research project address various issues related to engagement. How do SRI investors develop their engagement and dialogue policy? What financial performance can be expected on extra-financial issues? What is the link between shareholder engagement and traditional best-in-class policies?

=> See Publications, Workshops and Conferences


Reports (PDF)