FIR 2006 Best Research Article



The second FIR’s ‘Finance and Sustainability’ European Research Awards rewards Pauline Barrieu and Bernard Sinclair-Desgagné. Created in 2005, with the support of Eurosif (European Social Investment Forum), the French SIF award was born in order to support academic research, still a budding area in the domains of finance and sustainable development. By building bridges between universities, stakeholders and the financial world, the Award aims to increase investigative research allowing for new and innovative management. The Award will also give value to French and European university research, as well as help legitimise Socially Responsible Investment (SRI).



FIR (Forum pour l'Investissement Responsable) 2006's Best Research Article Award (December 4th, 2006, Palais Brongniart – Paris) FIR 2006's Best Research Article published in a scientific magazine Award went to Pauline Barrieu (LSE Statistics) and Bernard Sinclair-Desgagné (HEC Montréal). "On precautionary policies Management Science". Vol. 52, Nb 8,1145-1154, 2006 Summary In the United States and most industrialized countries, regulatory policies pertaining to food safety, occupational health and environmental protection are (according to laws and statutes) science-based. The complexity of some eco-systems and new technologies, however, make it increasingly necessary to deal with situations where scientists cannot yet provide a definite picture. In this context, a widely invoked (but debated) rule, known as the Precautionary Principle, says to address potential hazards right away with preventive measures. We develop an intuitive formalization of this rule, which allows to infer what an appropriate precautionary policy should do. Implications for resource conservation and the regulation of technological risks are then explored. Key words: Environmental and health risks; science-based regulation; scientific uncertainty; Precautionary Principle; robust policies. Read article



Pauline Barrieu and Bernard Sinclair-Desgagné's interview with Le Monde on Tuesday, December 5th, 2006 (in French) : Read more



Pauline Barrieu’s webpage Bernard Sinclair-Desgagné’s webpage