Experts & Expertise

• Corporate social responsibility
• Empirical finance
• Environmental economics
• Environmental management
• Investment
• Investor behaviour
• Mutual fund
• Sustainable development

2003 - 2006 PhD. in Financial Management, Erasmus Research Institute of Management, RSM Erasmus University.

1997 - 2002 Economics, Maastricht University, The Netherlands

2009 - present, Assistant Professor, Department of Economics/Centre for Sustainable Enterprise Society, Tilburg University, Faculty of Economics and Business Administration

2006 - present, Assistant Professor of Finance, Maastricht University, Faculty of Economics and Business Administration (tenured)

2006 - 2007, Assistant Professor of Financial Management, RSM Erasmus University, Dept. Financial Management

2003 - 2005, PhD. Researcher, ERIM, RSM Erasmus University, Rotterdam

2003 - 2003, Full-time Researcher, Erasmus Universiteit Rotterdam/FBK

New projects:

• Stakeholder Relations and Stock Returns: On Errors in Expectations and Learning (with A. Borgers, J. ter Horst and K. Koedijk). NEW!
• Does the Market Misprice Customer Satisfaction? New Evidence on Errors in Investors' Expectations (co-authors D. Hann and N. Kalogeras)
• Employee Relations and Credit Risk (co-authors: R. Bauer and D. Hann), Working Paper, 2009.

2012 Winner of the PRI/Sustainalytics Research Award (joint with A. Borgers, J. Ter Horst and K. Koedijk).

2012 Receipient of grant from BSI Gamma Foundation

2008 European Research Award - Finance and Sustainability - for best dissertation in the field of sustainable development, awarded by French SIF, January 2008, with interview in French Newspaper Le Monde.

"2006 European Prize on Finance and Sustainable Development" for best research contribution in the field of sustainable development, awarded by French SIF, December 2005, with interview in French Newspaper Le Monde.

"2005 Moskowitz Prize" for best research in the area of socially responsible investments, awarded by the Haas School of Business and the U.S. Social Investment Forum, September 2005.

The 3-year MISTRA research grant (EUR 1.2 mio.), awarded by the Foundation for Strategic Environmental Research (MISTRA, 2005). Research consortium with Umea University, GES Investment Services, the Stockholm Institute for Financial Research, Maastricht University, and Innovest Strategic Value Advisors. Continued for the period 2009-2011.

Arian Borgers (pending), Topic: Responsible Investments, co-supervision with (J. Ter Horst and K. Koedijk).

Daniel Hann (PhD in July 2010): Stakeholder Theory in Finance, Maastricht University (co-promotor).

Organiser: ECCE Academic conference on SRI and CSR, European Centre for Corporate Engagement, Maastricht (Sept. 24 and 25, 2009).

Academic Presentations

EFMA Conference (Basel, June 2004), University of Cologne (Koeln, 2004), Meeting of the European Finance Association (Discussant, Maastricht, August 2004), FMA Conference (Chicago, October 2005) , 2005 Academy of Management Meetings (Hawaii, August 2005), Maastricht University (Maastricht, 2005), FMA Europe Conference (Stockholm, June 2006), Umea School of Business Seminar (Umea, November 2006), Academy of Management Conference (Philadelphia, August 2007), FMA Conference (Orlando, October 2007), ADERSE (Grenoble, January 2008), Seminar CERAG University of Grenoble (Grenoble, March 2008), ECCE/UN PRI Conference on socially responsible investment (Maastricht, September 2008), Harvard Law School (Cambridge, March 2009), Mistra SRI Workshop (Gothenburg, May 2009), Toulouse School of Economics SRI Conference (Toulouse, May 2009), American Accounting Association (New York, 2009, co-author), Academy of Management Conference (Chicago, 2009, co-author), University of Grenoble (Grenoble, March 2010), Value of Values Conference (Santa Clara University, May 2010), Marketing Science Conference (Cologne, June 2010), MISTRA Workshop (Rome, June 2010).

Industry Presentations

Dexia Asset Management (Amsterdam, 2004, 2007), Institutional Shareholder Services (London, Paris, 2006), Marcus Evans SRI Conference (London, 2004), 2005 Sustainable Business Conference (Frankfurt, 2005), European Summit on Corporate Governance and Responsible Investment (Stockholm, May 2006), BGI Active Equity seminar (London, November 2007), AXA Responsible Investment Seminar (Bordeaux, November 2007), Seminar Norges Bank Investment Management (Oslo, June 2008), Swedish Ministry of Finance (Stockholm, February 2009), Partners for Financial Stability SRI Conference (Bucharest, June 2009), Robeco Asset Management (Rotterdam, June 2009), Philips Pension Fund (Eindhoven, July 2009), Robeco Asset Management (February, 2010).

J.M.M. Derwall teaches the following subjects:

• Organizational Systems and Corporate Responsibility A (325076) Further information
• Organizational Systems and Corporate Responsibility B (325077) Further information
• Microeconomics (Dutch) (330004) Further information

2005 - current: Co-founder/Research Director, European Centre for Corporate Engagement  (joint with co-founders K. Koedijk en R. Bauer)

Referee for Financial Analysts Journal, Journal of Banking and Finance, Journal of Environmental Economics and Management, Review of Finance.

2006-current: Assistant Professor of Finance, Faculty of Economics and Business Administration, Maastricht University 

2007 - current: Coordinator and lecturer for Dutch Financial Analysts FBA programme ("equity portfolio management"), Free University of Amsterdam

2009- current: Panel Judge for UN Principles For Responsible Investment Research Award