Valuation and Sustainability

Dejan Glavas is an Associate Professor of Finance at ESSCA School of Management (France). He holds a Ph.D. in sustainable finance from ESCP Business School and has published his work in academic journals such as the Journal of Cleaner Production, Finance and Bankers, Markets and Investors. His work specifically focuses on ESG, business valuation, green finance regulation, and green bonds. His approach to sustainable finance is one of extending existing knowledge and models to better factor in ESG. He won the 6th SUERF / Unicredit Foundation Research Prize for his study "How Do Equity Investors React to Green Bond Issuance Announcements?" and the French Finance Association / “Revue Finance” Best Paper Award 2020 for his study titled "Green Regulation and Stock Price Reaction to Green Bond Issuance". He has worked as an expert on sustainable finance for the European Commission. Furthermore, he also teaches green financing at the Ecole des Ponts ParisTech and quantitative green finance at the ESCP Business School. He has extended experience as a financial and credit analyst at Fitch Ratings, the French Development Agency, Mazars, and the Société Générale CIB London branch. He is a member of the EU*Asia Institute, the French Finance Association, the AVIJED and the Shift Project.

• Chapter 1. Value and Externalities in Economics and Finance.- Chapter 2. Reminder on Common Valuation Techniques.- Chapter 3. ESG Data and Scores.- Chapter 4. Cash Flow Valuation and ESG.- Chapter 5. Cash Flow Valuation and ESG – Case Study.- Chapter 6. Multiple Valuation and ESG.- Chapter 7. Research Advances in Valuation and ESG.