Sandra is Professor of Economics at the University Sorbonne Paris Nord (USPN) at the CEPN. Her research covers investment funds (pension funds, insurance companies, hedge funds), their investment strategies, regulations and long term funding. She has published several books with Michel Aglietta “Crise et Rénovation de la Finance” (Odile Jacob, 2009), “Les hedge funds, entrepreneurs ou requins de la finance ?” (Perrin, 2009) with Sabrina Khanniche as well as “L’entreprise liquidée: la finance contre l’investissement” (Michalon, 2016) with Tristan Auvray and Thomas Dallery, “Les normes IFRS” (Repère la Découverte, 2019) with Samira Demaria, and “L’industrie de la finance” (2022), with T. Auvray, N. Bédu et C. Garnier, in 2022.
She published several articles in international academic journals such as the Journal of Banking and Finance, Applied Economics, International Economics, Ecological Economics, la Revue Economique, Environmental Modeling and Assessment, Energy Economics, the Journal of International Money and Finance, Business Strategy and the Environnement, la Revue d’Economie Industrielle, la Revue d’Economie Politique…
Climate transparency through firms' disclosures is often considered a prerequisite for the redirection of investments toward low-carbon economy. In order to provide effective incentives to improve this transparency, it is therefore crucial to identify its drivers.
Our analysis of the Climate Risks and Opportunities Index (CRORI) and the CDP climate score reveal a parallel improvement of these indices with different sectoral disparities over the 2015–2019 period. While our results are encouraging, they need to be put into perspective because these firms are still far from being carbon neutral.
Corporate disclosures related to climate risks are one of the ways to fight climate change by improving financial transparency for investors. An initial assessment, five years after the COP 21, of the climate disclosure practices of French companies (CAC 40) 2015-2019 will be presented. While the results are encouraging, they need to be put into...
Using the IPCC (2018) medium (2024) and long-term (2060) scenarios, this study analyzes the credit risk sensitivity of 763 international companies.
L'objectif de cet article est de faire un état des lieux des travaux sur la finance durable à travers une analyse bibliométrique de la base de données WoS entre 1981 et 2018.
This paper tries to fill this gap of research on the significance and evolution of renewable energy crowdfunding by providing a bibliometric analysis of academic work on renewable energy crowdfunding.
The focus of this thesis is the French renewable energy crowdfunding sector because it has experienced a strong growth in the context of a favorable regulatory environment. I conduct a case study of a French crowdfunding platform specialized in renewable energy projects to better understand its business model and the risks associated with it.
This article aims to analyse the compliance of CAC 40 firms with the recommendations of the Task Force on Climate‐related Financial Disclosures.
This article conducts a bibliometric analysis of the academic publications on the financing of renewable energies referenced in Web of Science up to June 2018. Our analysis reveals 11 main clusters. We highlight the fact that a majority of the sample focuses on market-based policy instruments used to support renewable energy development.
Based on content analysis of firms’ reference documents over 2015-2017, this article examines CAC 40 firms’ compliance with the recommendations of TCFD by building a new index to measure the disclosure of environmental information.
The aim of this paper is to explain why there is insufficient long-term capital investment despite the abundant savings collected by a booming financial sector. Special attention is given to understanding the role of today’s accounting and prudential requirements.
The paper shows that International Financial Reporting Standards (IFRS) can affect long-term asset allocation of banks and insurance companies. International accounting standards do not differentiate between low and carbon intensive investment and do not take into account climate risks beforehand.
This article seeks to investigate whether the fair value accounting may have short-termist bias on the financing of long-term investment.
Cette 12ème session du séminaire Financement de la transition énergétique de la se penchera sur la question du système monétaire et financier.
Quand la finance s’intéresse aux risques financiers posés par le réchauffement climatique En septembre 2015, Mark Carney, gouverneur de la Banque d’Angleterre et Président...
Recent recovery plans, associated with the COVID‐19 pandemic and the energy transition, increased the funding available to finance innovative low‐carbon projects and called for an economic evaluation of their allocation. This paper analyzes the potential benefit of using repayable advance: a lump‐sum payment to finance the project that is paid back in case of...
The Chairs Armand Peugeot, Energy and Prosperity, and Climate Economics are organizing, on December 6th an 7th, 2023, the 10th edition of the annual international Conference on Mobility Challenges.