Can there be a diversity premium in the housing market?
Rachel Cho, Hisham Farag, Christoph Görtz, Danny McGowan, Huyen Nguyen, Max Schröder
Economics Observatory,
June
2025
Abstract
Research using historical data from Northern Ireland indicates that house prices are higher in more diverse neighbourhoods. Housing policy should focus on regenerating neighbourhoods, improving public services and fostering social integration.
Read article
Essays in Supply Chains and Sustainable Finance
Sochima Uzonwanne
PhD Thesis, Friedrich-Schiller-Universität Jena,
2025
Abstract
DThe interactions between supply chains and sustainable finance have become a key area of research in financial markets, driven by growing global awareness of environmental and social challenges. Article 1 examines how lenders use sustainability clauses to monitor borrowers with negative environmental incidents and compares the use of this unique loan agreement design with conventional loan terms, financial and balance sheet-related clauses. We show that lenders are less inclined to include sustainability clauses in the loan agreement if a borrower has a history of negative environmental incidents. In contrast, lenders use sustainability clauses to attract institutional investors to participate in syndication rather than as monitoring tools for borrowers' environmental performance. Article 2 examines whether banks associated with biodiversity loss in the Amazon region experience a withdrawal of deposits when depositors become aware of their financing activities. I find empirical evidence that so-called ‘Amazon carbon banks’ experience slower growth in deposits once depositors learn about their financing activities. This effect is particularly pronounced when Amazon carbon banks have branches in counties that experience greater biodiversity loss compared to other branches. Article 3, how European companies that are heavily integrated into global supply chains (GSC) are affected by a supply chain disruption (Covid-19). We show that Covid-19 negatively affects the revenue growth of companies that are heavily dependent on GSC in their home country. Crucially, we uncover the role of banking relationships in mitigating the disruptive effects.
Read article
Halle Institute for Economic Research
5th Finance and Productivity (FINPRO) Conference, Tokyo FINPRO5, co-organised by the IMF, the University of Tokyo (CARF), IWH-CompNet, the University of Amsterdam and CEPR, will…
See page
Centre for Business and Productivity Dynamics
Centre for Business and Productivity Dynamics (IWH-CBPD) The Centre for Business and Productivity Dynamics (CBPD) was founded in January 2025 and works with policy and research…
See page
Research Articles
Research Articles Explore cutting-edge research based on CompNet’s micro-aggregated firm-level data and related analytical tools. These articles cover empirical and theoretical…
See page
Research Clusters
Three Research Clusters Each IWH research group is assigned to a topic-oriented research cluster. The clusters are not separate organisational units, but rather bundle the…
See page
Organisation of Research
Tasks of the IWH Guided by its mission statement , the IWH places the understanding of the determinants of long term growth processes at the centre of the research agenda. Long…
See page
Supervision and Research
Supervision and Research Research A dissertation is, of course, first and foremost an individual endeavour which, in addition to the purely intellectual demands, also requires a…
See page
Lecturers
Lecturers Lars Börner Professor of Economics at Martin Luther University Halle-Wittenberg. Website Kamila Cygan-Rehm Professor of Quantitative Methods, esp. Econometrics at the…
See page
Department Profiles
Research Profiles of the IWH Departments All doctoral students are allocated to one of the four research departments (Financial Markets – Laws, Regulations and Factor Markets –…
See page
