Environmental Finance Group
The Environmental Finance Group at UQ Business School is a leading group of experts that examine the environmental impacts of business and also the impacts of the environment on business.
Why do we believe that this field is so exciting?
The UN-sponsored 21st Meeting of over 190+ Nations in Paris at the end of 2015 (COP21) resulted in a universal climate policy agreement. Those individuals and firms that hold clean technology patents (and there are hundreds of thousands of clean tech patents) have begun to treat this as a signal to start the commercialisation of their patents. This will lead to a technological breakthrough in clean tech. In the history of modern markets there have already been 8 technological breakthroughs (see Hong et al 2008, JFE), including railways, electricity, automobiles, radio, microelectronics, personal computers, biotechnology and the internet. Each of these technological breakthroughs has driven worldwide economic growth and the technological breakthrough associated with clean tech will be no different. This has generated tremendous interest in Environmental Accounting and Finance and the Group is one of the first movers in this space in terms of thought leadership, research and teaching.
The Environmental Finance Research Group
Our research team has pioneered the research area of environmental finance and has recently secured a 5-year, $500,000 ARC Grant to study the financial impacts of climate change. Our group has set up successful collaborations with leading experts, including Prof Bob Whaley (Vanderbilt U., US), Prof Baljit Sidhu (U. of Sydney) and Prof Matthew Richardson (NYU Stern School), and a research network with colleagues across Europe, North America and Australasia. There are 10 UQ based PhD students in the area who are being supervised by the UQ based team.
Our Group comprises the following researchers
- UQ Based Researchers: Dr Martina Linnenluecke, Dr Jac Birt, Professor John Lyon, Professor Tom Smith
- Other Australian Universities: Professor Baljit Sidhu (UNSW), Dr. Caroline Chen (RMIT)
- Matthew Richardson (NYU Stern School), Professor Barbara Ostdiek (Rice University)
Recent media releases:
Read the media release: Asset impairment due to environmental change
Read the media release: Businesses 'failing to prepare for climate change'
Read the media release: Saving the planet one share sale at a time
Read the media release: Report aims to unite public and private sector in vision for sustainability
Read the media release: Sustainability student awarded international bursary
Read the media release: Research to reveal how companies are adapting to climate change
- Linnenluecke, M. K. and McKnight, B. (2017) Community resilience to natural disasters: the role of disaster entrepreneurship. Journal of Enterprising Communities: People and Places in the Global Economy, .
- Linnenluecke, Martina K., Chen, Xiaoyan, Ling, Xin, Smith, Tom and Zhu, Yushu (2016) Emerging trends in Asia-Pacific finance research: a review of recent influential publications and a research agenda. Pacific-Basin Finance Journal, 36 66-76. doi:10.1016/j.pacfin.2015.12.002
- Linnenluecke, M. K., Birt, J., Chen, X., Ling, X. and Smith, T. (2016) Accounting research in Abacus, A&F, AAR and AJM from 2008-2015: A review and a research agenda. Abacus, .
- Jacob, Kerry, Linnenluecke, Martina and Smith, Tom (2016) Are we impaired?. Accounting, Auditing and Accountability Journal, 29 3: . doi:10.1108/AAAJ-07-2015-2116
- Bremer, J. and Linnenluecke, M. K. (2016) Determinants of the perceived importance of organisational adaptation to climate change in the Australian energy industry. Australian Journal of Management, .
- McKnight, Brent and Linnenluecke, Martina K. (2016) How firm responses to natural disasters strengthen community resilience: a stakeholder-based perspective. Organization and Environment, 29 3: 290-307. doi:10.1177/1086026616629794
- Linnenluecke, Martina K., Smith, Tom and McKnight, Brent (2016) Environmental finance: a research agenda for interdisciplinary finance research. Economic Modelling, 59 124-130. doi:10.1016/j.econmod.2016.07.010
- Gippel, J., Smith, T., & Zhu, Y. (2015) Endogeneity in accounting and finance research: natural experiments as a state-of-the-art solution. Abacus, 51 (2), 143-168.
- Linnenluecke, M. K. (2015). Resilience in business and management research: A review of influential publications and a research agenda. International Journal of Management Reviews, doi:10.1111/ijmr.12076.
- Linnenluecke, M. K., & Griffiths, A. (2015). The Climate Resilient Organization: Adaptation and Resilience to Climate Change and Weather Extremes. Cheltenham, UK: Edward Elgar Publishing.
- Linnenluecke M. K., & McKnight, B. (2015). Community resilience to natural disasters: The role of disaster entrepreneurship. Journal of Enterprising Communities: People and Places in the Global Economy, accepted for publication.
- Linnenluecke, M. K., & Smith, T. (2015). A Real Options approach to investigate the impact of climate change policy on new technology uptake. European Group for Organisational Studies Conference, Athens.
- Linnenluecke, M. K., Birt, J., & Griffiths, A. (2015). The role of accounting in supporting adaptation to climate change. Accounting & Finance, 55(3), 607-625.
- Linnenluecke, M. K., Birt, J., Sidhu, B., & Lyon, J. (2015). Planetary boundaries: Implications for asset impairment. Accounting & Finance, doi:10.1111/acﬁ.12173.
- Linnenluecke, M. K., Chen, X., Lin, X., Smith, T., & Zhu, Y. (2016). Emerging trends in Asia-Pacific finance research: A review of recent influential publications and a research agenda. Pacific-Basin Finance Journal, 36, 66-76.
- Linnenluecke, M. K., Griffiths, A., & Mumby, P. J. (2015). Executives’ engagement with climate science and perceived need for business adaptation to climate change. Climatic Change, 131(2), 321-333.
- Linnenluecke, M. K., Smith, T., Whaley, R. A Climate Fear Gauge. Working Paper.
- Linnenluecke, M. K., Smith, T., Whaley, R. Calibrating market fundamentals to uncover climate change parameters. Working Paper.
- Linnenluecke, M. K., Smith, T., Whaley, R. Commentary on Reserves. Working Paper.
- Linnenluecke, M. K., Smith, T., Whaley, R. Looting on a Massive Scale: Evidence from the Fossil Fuel Industry. Working Paper.
- Linnenluecke, M., Meath, C., Rekker, S., Sidhu, B., & Smith, T. (2015). Divestment from fossil fuel companies: confluence between policy and strategic viewpoints. Australian Journal of Management, 40(3), 478-487.
- McKnight, B., & Linnenluecke, M. K. (2015). How firm responses to natural disasters strengthen community resilience: A stakeholder-based perspective. Organization & Environment (online first).
- Meath, C., Linnenluecke, M. K., & Griffiths, A. (2016). Barriers and motivators to the adoption of energy savings measures for SMEs: The case of the Climate Smart Business Cluster Program. Journal of Cleaner Production,112, 3597-3604, doi:10.1016/j.jclepro.2015.08.085.
- Salmona, M., Kaczynski, D. and Smith, T. (2015) Qualitative theory in finance: Theory into practice. Australian Journal of Management, 40(3): 403-413.
- Smith, T. (2015) Editorial to 40th issue of AJM. Australian Journal of Management, 40(3): 399-402.
Related Study Programs
As one of the leading research-intensive business schools in the Asia Pacific region, we focus on understanding that the future to success is not doing more of the same, but ensuring there is change for the better. We offer a range of options for those interested in a sustainability-oriented career.
In particular, we accept enrolments into our world-class Honours and PhD programs with a focus on Environmental Finance, Corporate Sustainability and Environmental Change.