Dr. Lars Kaiser, Assistant Professor at the University of Liechtenstein, has won first prize in a competition run by the Brandes Institute in the USA. In his work for which he won the prize, Kaiser verified that sustainability considerations are not adversely impacting the financial performance of investments. On the contrary, in fact.

ustainable investments are not a burden on conventional investment approaches. This has been proven in a study by Dr. Lars Kaiser, Chair in Business Administration, Banking and Financial Management at the University of Liechtenstein. He has now been awarded first prize in the “2019 Call for Papers Contest” of the US Brandes Institute. ustainable investments are not a burden on conventional investment approaches. This has been proven in a study by Dr. Lars Kaiser, Chair in Business Administration, Banking and Financial Management at the University of Liechtenstein. He has now been awarded first prize in the “2019 Call for Papers Contest” of the US Brandes Institute. 


The title of his article is “ESG Integration: Value, Growth and Momentum”, whereby ESG stands for Environmental, Social and Governance. These three aspects bring together areas of activity aimed at protecting the environment, securing social progress and improving governance standards. According to a press release, Kaiser’s ESG study ties directly in with the “ESG Kompakt” event to be held at the University of Liechtenstein. The participation of all major associations in Liechtenstein has been secured for this event.

Kaiser’s work delivers more detailed insights into the financial efficacy of ESG integration in combination with active mainstream investment approaches. The press release states that this reveals in particular that US and European value, growth and momentum investors can increase the sustainable performance of their portfolios without compromising the financial performance. Moreover, the press release also explains that the results are making a contribution to rising demand for sustainable products.
The title of his article is “ESG Integration: Value, Growth and Momentum”, whereby ESG stands for Environmental, Social and Governance. These three aspects bring together areas of activity aimed at protecting the environment, securing social progress and improving governance standards. According to a press release, Kaiser’s ESG study ties directly in with the “ESG Kompakt” event to be held at the University of Liechtenstein. The participation of all major associations in Liechtenstein has been secured for this event.
Kaiser’s work delivers more detailed insights into the financial efficacy of ESG integration in combination with active mainstream investment approaches. The press release states that this reveals in particular that US and European value, growth and momentum investors can increase the sustainable performance of their portfolios without compromising the financial performance. Moreover, the press release also explains that the results are making a contribution to rising demand for sustainable products.

Back to overview