Working paper series

Working paper series

The working paper series by the Erasmus Platform for Sustainable Value Creation are set up with the idea of informing financial and sustainability managers about new (scientific) insights in the field of sustainable finance. They are free to download and are all accompanied by a non-technical summary. 


The Erasmus Platform for Sustainable Value Creation is part of RSM's broader mission of being a porce for positive change. It is RSM's conviction that business can and should play an instrumental role in the transition to a more sustainable world in which both current and future needs are met. The Platform for Sustainable Value Creation aims to strive towards a more sustainable financial sector, through research, co-creation and meaninful debat. We create a platform in which both academics, business, students and other professional parties act together. 

Download our working papers

  • Companies are increasingly adopting the goal of long-term value creation, which integrates financial, social and environmental value. However, investors struggle to invest for long-term value and perform the social function of finance. In this paper, we examine the set of issues that make this problem so stubborn and we outline the contours of an alternative paradigm that is better able to pursue long-term value creation. You can download the paper here.

  • Creative discovery and technological innovation fluctuate across time and space: it is difficult to find patterns. Research by Mathijs van Dijk from RSM and Carsten de Dreu from Leiden University suggests that climate shocks and periods of prolonged decreased temperature have an effect. In short: the colder it is, the more scientific discoveries and technical innovation takes place. You can download the working paper here.

  • Cost of capital is a key element for corporate finance and investment decisions. Global companies and investors are increasingly treating environmental and social risks as a key aspect when making investment and financing decisions, pricing financial assets, and deciding on the allocation of their investment portfolios. Consequently, there is a growing realisation that better environmental (or sustainability) performance results in a reduced cost of capital. CFOs may thus be interested in improving the sustainability profile of the company. Read the article here.

  • This case study offers a list of questions that allow analysts to integrate sustainability into investment analysis by connecting sustainability to business models, competitive position, strategy and value drivers. For illustrative purposes, the questions are answered for Royal Philips, an advanced company in terms of sustainability reporting and thinking. The case highlights the need for fundamental analysis to properly assess a company’s transition preparedness. You can read the case study here

  • This case study offers a list of questions that allow analysts to integrate sustainability into investment analysis by connecting sustainability to business models, competitive position, strategy and value drivers. For illustrative purposes, the questions are answered for Air France-KLM. The case highlights the need for fundamental analysis to properly assess a company’s transition preparedness. You can read the case study here.

Do you want more information about the Erasmus Platform for Sustainable Value Creation and the working paper series? Please contact Dieuwertje Bosma, project manager of the platform.