Connecting the world’s leading academics with Truvalue Labs’ AI-generated ESG data.
Current research projects
Researchers from leading academic institutions around the world are using ESG data from Truvalue Labs™ in their investigations. View the current projects below, click on photos for project details and contact Dr. Jim Hawley below to learn more.
George Serafeim
Harvard Business School
How big data and machine learning approaches can be used to better understand firm behavior, future strategy and market participant expectations
Witold J. Henisz
University of Pennsylvania, Wharton
Assessing financial implications of social risk and environmental risk vis-à-vis indigenous land claims impacting the performance of investments
Rachelle Sampson
University of Maryland
How short-termism in firms and capital markets affects firm strategy, growth and investment, including investments related to ESG metrics
Costanza Consolandi
University of Siena
A portfolio analysis of materiality as the hidden value of corporate sustainability and linking ESG materiality to impact
Collaborators: Robert G. Eccles (Oxford), Marco Busoni
Working Paper
Satyajit Bose
Columbia University
Examining the dynamic between ESG trends using Truvalue Labs’ scores versus changes in relative valuation and versus EBIT
Collaborators: Andre Shepley
Rob Bauer
Maastricht University
Does the financial market respond to ESG information and which ESG factors to investors use in investment decision making?
Collaborators: Jeroen Derwall, Paulo Rodrigues, Colin Tissen
Ben Caldecott
University of Oxford
ESG data and macroeconomic (country-level) performance at the country level
Collaborator: Xiaoyan Zhou
Amir Amel-Zadeh
University of Oxford
Exploratory investigation of ESG data from a quantitative perspective
Collaborators: Colin Mayer, Qian Li
Bryan Kelly
Yale School of Management, NYU Stern
Hedging climate change news
Collaborators: Rob Engle (NYU), Stefano Giglio, Johannes Stroebel (NYU), Heebum Lee (NYU)
About
Truvalue Labs is proud of our Academic Research Network that enables academic researchers to make use of our timely ESG data created with the power of artificial intelligence. Researchers come from a variety of disciplines and focus on a host of topics
We make Truvalue Labs’ data available and coordinate among academic researchers on projects they develop or on topics jointly developed. We help academic researchers to make discoveries in the world of ESG and investment risk/opportunity using Truvalue Labs’ unique datasets.
About Dr. Jim Hawley
Jim Hawley, PhD, is Head, Applied Research at Truvalue Labs. He is also Professor Emeritus of Management, School of Economics and Business at Saint Mary College of California.
He is the author of The Rise of Fiduciary Capitalism (2001) and co-editor of Corporate Governance Failures: The role of institutional investors in the global financial crisis (2011), The Cambridge Handbook of Institutional Investment and Fiduciary Duty (2014), The Routledge Handbook of Responsible Investment (2015) and The Purpose of Asset Management (2018).
Based on feedback from his ESG network of peers, Jim created Truvalue Labs’ Academic Research Network to enable better collaboration among principal investigators using Truvalue Labs’ ESG data.
Rob Bauer
Maastricht University
School of Business and Economics
Department of Finance
r.bauer@maastrichtuniversity.nl
The main research question we intend to answer is whether the financial market responds to ESG information, i.e., in updating the valuation of companies. Since the dataset provided by Truvalue Labs contains data on a disaggregated level, we would be able to also analyze the question of which component(s) of the information has (have) the largest impact on stock prices and if some components are disregarded by the market altogether. The dataset contains information on, e.g., corporate governance, environmental news, and social impact. In addition, the broader scope of information gathering (such as information on court cases), will contribute to answering this research question.
One of the most interesting questions in finance is what information is used by investors to determine the value of a corporation? Why might certain ESG factors in theory be valued by investors?
Collaborators
Jeroen Derwall (assistant professor at the finance department)
Paulo Rodrigues (assistant professor at the finance department)
Colin Tissen (PhD student at the finance department)
Costanza Consolandi
University of Siena
Department of Business and Law
Materiality as the hidden value of corporate sustainability: a portfolio analysis.
Using a quintile approach to TVL ESG data for companies included in the S&P 500 from 2012 to 2017, the research provides evidence that a portfolio strategy based on ESG materiality efforts ultimately benefits long-term investors
Linking ESG materiality to impact
(with Robert G. Eccles, Said Business School, Oxford University)
Collaborators
Robert G. Eccles, Oxford University
Marco Busoni, University of Siena
Witold J. Henisz
The Wharton School
University of Pennsylvania
Assessing financial implications of social risk, particularly involving indigenous land claims, on the performance of large-scale infrastructure projects. (With James McGlinch)
Assessing financial implications of social risk, particularly involving non-inclusive stakeholder relations, on the performance of foreign investments of the Fortune 500. (With James McGlinch)
Assessing financial implications of environmental risk, particularly involving indigenous land claims, on the performance of firms in the agriculture value chain.
Efforts to validate Tru-Value data by conducting within industry comparisons in extractive sector and matching variation in firm-level performance to ESG risk events and differences in ESG risk management practices over time.
Bryan Kelly
Yale School of Management
(in collaboration with NYU Stern School of Business)
Hedging Climate Change News
This project aims to develop a dynamic approach to hedge climate change news. We use measures of firm-level climate risk exposure to construct climate change hedge portfolios.
Collaborators
Rob Engle (NYU)
Stefano Giglio (Yale)
Johannes Stroebel (NYU)
Heebum Lee (NYU)
Amir Amel-Zadeh
University of Oxford
Said Business School
Exploratory investigation of Data from a Quant Perspective
Collaborators
Colin Mayer (Oxford)
Qian Li (Oxford)
Ben Caldecott
University of Oxford
Smith School of Enterprise and Finance
ben.caldecott@smithschool.ox.ac.uk
ESG data and macro economic (country-level) performance
Collaborator
Xiaoyan Zhou
Satyajit Bose
Columbia University
Business School
Examining the dynamic between ESG trends—as measured by the Insight Score, Pulse Score, and Momentum Score—and changes in relative valuation, in addition to other valuation dynamics; inquiry into fundamental factors such as relation between ESG scores and EBIT and organic growth relative to peers; use data to create custom categories across industries.
Collaborators
Andre Shepley
George Serafeim
Harvard Business School
This research project seeks to understand how big data and machine learning approaches can be used to better understand firm behavior, future strategy and market participant expectations.
Working paper:
Public Sentiment and the Price of Corporate Sustainability – Oct. 2018
Dr. Jim Hawley
Jim Hawley, PhD is Head, Applied Research at Truvalue Labs, San Francisco, California, which provides advanced analytics to create sustainability metrics using real-time ESG data. He is also Professor Emeritus of Management, School of Economics and Business at Saint Mary College of California.
Jim is the author of The Rise of Fiduciary Capitalism (2001) and co-editor of Corporate Governance Failures: The role of institutional investors in the global financial crisis (2011), The Cambridge Handbook of Institutional Investment and Fiduciary Duty (2014), The Routledge Handbook of Responsible Investment (2015) and The Purpose of Asset Management (2018).
Based on feedback from his ESG network of peers, Jim created Truvalue Labs’ Academic Research Network to enable better collaboration among principal investigators using Truvalue Labs’ ESG data.
Rachelle Sampson
University of Maryland
RH Smith School of Business