Professor Kelly Shue, Yale University School of Management, on Counterproductive Sustainable Investing

When can sustainable investing be counterproductive? Listen to
Jason Mitchell discuss with Professor Kelly Shue, Yale University
School of Management, why brown firms—not green firms—will drive
the greatest emissions savings, how the cost of capital can be a
powerful lever for behaviour change, and why it’s vital that
sustainable investors move more towards energy transition-type
strategies. Kelly Shue serves as a Professor of Finance at the Yale
University School of Management. Her academic interests lie at the
intersection of behavioural economics and empirical corporate
finance. Her research has explored the Peter Principle,
compensation and promotions, gender and negotiations, the gambler's
fallacy, contrast effects and non-proportional thinking in asset
pricing, and executive social networks. Her research has been
featured in numerous news outlets including CNN, NPR, and the Wall
Street Journal, and has been awarded the AQR Insight Award, the
Wharton School-WRDS Award for Best Empirical Finance Paper, and the
UBS Global Asset Management Award for Research in Investments. She
serves as an associate editor at the Journal of Finance and Journal
of Financial Economics, and previously served as an editor at the
Review of Finance.  Her latest paper is Counterproductive
Sustainable Investing: The Impact Elasticity of Brown and Green
Firms