セミナーシリーズ
経営学セミナー（2024.11.27）
Marco Becht（Professor, Solvay Brussels School for Economics and Management, Université libre de Bruxelles (ULB)）
- 開催日：
- 2024年11月27日（水）10:30-12:00
- 場所：
- 京都大学 吉田キャンパス 総合研究2号館 3階 講義室3
- 言語：
- 英語
- コーディネーター：
- チョルパン・アスリ
タイトル：
“Voice Through Divestment”
Abstract:
A common argument against divestment is that it discards voting power and has a small effect on stock prices. We argue that divestment is a statement of disapproval that aligns actions with words for effectiveness. We show that the Go Fossil Free divestment movement is a narrative with impact. Viral divestment pledges depressed the share prices of all high carbon emitters, including those with no divestment. Peak virality coincided with a concurrent rise in the carbon premium and preceded net-zero commitments. The introduction of these commitments effectively recast divestment from a moral statement to a strategic exercise in risk management.
Key words: Divestment, fossil free, carbon budget, shareholder engagement, responsible investment, climate change, carbon premium, economic narratives, net-zero commitments, social preferences, tweets as data
参加をご希望の方は，2024年11月27日(水) 9：00までに下記GoogleFormよりお申し込みください。
https://forms.gle/wGnTj9RRRneq7xkR7
お問い合わせ先：sakata.mito.2u[at]kyoto-u.ac.jp
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