Prof. Dr. Christina E. Bannier
 
 

Sustainable Governance Lab

Sustainability and responsible corporate management have moved to the centre of entrepreneurial action. This is caused both by customers who have become more and more aware of the need to consume responsibly and by investors' interest in supporting sustainable businesses via their investment decisions.

Unfortunately, sustainability is often narrowly subsumed under the heading of "greening the economy". To deliver a sound business case, however, a sustainable corporate strategy needs to consider both environmental, social and governance aspects. At the same time, simply striving for "more" sustainability on each of these dimensions is not necessarily a good strategy for all businesses. Rather, a thorough assessment of the materiality of individual sustainability components is a necessary first step for both management and investors in their decision making. In our different research projects, we try to shed light on these  different issues.

The Sustainable Governance Lab aspires to furthering the sustainable development by providing robust and insightful academic evidence of the role and effects of corporate sustainability. We currently work on the following projects: 


Bofinger, Y., K. Heyden, B. Rock and C. Bannier, 2020, The sustainability trap: Active fund managers between ESG investing and fund overpricing, Working Paper, Justus-Liebig-University Gießen

Bannier, C., Y. Bofinger and B. Rock, 2020, Corporate Social Responsibility and Credit Risk, Finance Research Letters https://doi.org/10.1016/j.frl.2021.102052 (link to Working Paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3686025)

Bannier, C., Y. Bofinger and B. Rock, 2020, Non-Financial Reporting and the Risk Effects of Corporate Social Responsibility, Working Paper, Justus-Liebig-University Gießen (link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3378469)

Bannier, C., A. Bauer, Y. Bofinger and C. Ewelt-Knauer, 2020, Corporate ethics programs: Reducing risks or wasting money? Insights from the perspective of investors, Working Paper, Justus-Liebig-University Gießen ( (link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3382084)

Bannier, C. and D. Blaseg, 2019, Summarization in Financial Disclosures: Determinants and Effects of Prospectus Summaries, Working Paper, ESADE Business School (link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3502154)

Bannier, C., T. Pauls and A. Walter, 2019, The Annual General Meeting Revisited - The Role of the CEO Speech, Working Paper, Justus-Liebig-University Giessen (link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2869785)

Bechtoldt, M., C. Bannier und B. Rock, 2019, The Glass Cliff Myth – Evidence from Germany and the UK, Leadership Quarterly, 30(3), 273-297.  

Policy-related and applied work

Bannier, C. und J. Redenius-Hövermann, 2020, Effekte guter Corporate Governance - Die Rolle unternehmerischer Transparenz, Zeitschrift für Corporate Governance, 06/2020, 246-252.

Bannier, C. und H. Schmidt, 2020, Nachhaltigkeitselemente in den Vergütungsstrukturen der DAX30-Unternehmen, Zeitschrift für das gesamte Kreditwesen, im Erscheinen

(Online) Hauptversammlungssaison 2020: Nachlese und Ausblick, 2020 (with Julia Redenius-Hövermann), Zeitschrift für Wirtschaftsrecht, S. 1885-1895. 

Die virtuelle Hauptversammlung – Chancen, Risiken und Herausforderungen im Sinne guter Corporate Governance, 2020 (with Julia Redenius-Hövermann), Der Aufsichtsrat, 05/2020 S. 8-13.


Media coverage

Frankfurter Allgemeine Zeitung, „Nachhaltigkeit – ein Pflichtprogramm auch für Aufsichtsräte!“, 10.04.2021

Süddeutsche Zeitung, „Große blinde Flecken“, 22.03.2021

rsenzeitung, "DVFA stellt Nachholbedarf in der Governance fest", 09.12.2020

HV-Magazin, „Wie sieht die HV der Zukunft aus – Experteninterview“, 12.10.2020 

Börsenzeitung, „Gesetzgeber muss Aktionärsrechte in der virtuellen HV sichern“, 25.09.2020 

Institutional-money, DVFA über den Lohn guter Governance, 11.09.2020 

Börsenzeitung, „Eine gute Governance senkt die Risiken“, 11.09.2020 

HR Info, Interview, 02.07.2020 

Frankfurter Allgemeine Zeitung, „Der blinde Fleck der BaFin“, 01.07.2020 

Handelsblatt, „Der Kampf um den guten Ruf“, 17.06.2020 

ComplianceChannel-TV, „Doing safe by doing good“, Podcast, 09.06.2020 

Frankfurter Allgemeine Zeitung „Wirecard in der Krise“, 29.05.2020 

Frankfurter Allgemeine Zeitung „Die virtuelle Hauptversammlung hat Chancen und Risiken“, 15.04.2020 

Börsenzeitung „Nachhaltigkeitsrisiken aus Sicht des Aufsichtsrats“, 17.01.2020 

Börsenzeitung „Kleine Assetmanager müssen sich umstellen - Neues Aktionärsrechtegesetz ARUG II fördert Austausch im Sinne von „Stewardship““, 21.09.2019 

Wirtschaftswoche “Es gibt keine gläserne Klippe”, 11.01.2019 

Reuters “Doing the dirty work – do women mop up workplace mess?”, 13.12.2018