Financing green investments: risk-return profiles, the role of financial intermediaries and implications for firm's performance

  • Udine
  • Tempo determinato
  • Full time
  • 16 giorni fa
Offer DescriptionThe researcher will focus the research activity on the in-depth analysis of issues relating to sustainable finance as a result of both exogenous factors (for example, the growing attention of policymakers and regulators to climate change issues) and the growing supply of financial instruments for funding investments in environmentally friendly assets. The research program will investigate in depth the market of financial services and financing instruments to support eco-sustainable investments by addressing issues related to the supply side. Related to that, the role of financial intermediaries and institutional investors in the financing of low environmental impact projects and investments in environmentally friendly technologies will be explored. The object of investigation, from the point of view of the risk-return combination, will be the indirect investment in green projects through the use of funds raised by financial institutions and the related "signaling" effect.
By exploring issues relating to the risk and return profiles of financing instruments for low environmental impact investments, the researcher will address issues related to their pricing in comparison to "conventional" investments both in a cross-country and cross-industry perspective. Profiles relating to the structure of financing instruments of this type and the related incentive effect with respect to investments in low environmental impact activities will also be the subject of investigation. The conditions of access to external financing sources specifically dedicated to green investments will then be explored in terms of the effects on the cost of funding for companies. In this case, the specific object of in-depth study will be the relationships between environmentally friendly investment policies, systems for measuring and controlling environmental risks and firm performance. The research will make use of both qualitative and quantitative tools and methodologies aimed at a rigorous investigation, in terms of method, of the impacts of financing through environmentally friendly instruments on the main profiles of the economic and financial management of companies and the related managerial implications. The research will have to provide useful interpretative keys from the perspective of both management and regulators.RequirementsAdditional InformationWork Location(s)Number of offers available 1 Company/Institute Università degli Studi di Udine Country Italy State/Province UD City udine Postal Code 33050 Street via palladio 8 GeofieldWhere to apply WebsiteContact State/ProvinceUD Cityudine WebsiteStreetvia palladio 8 Postal Code33050 E-Mailconcorsidoc@uniud.itSTATUS: EXPIRED

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