Skip to main content

Utility

  • Admissions
  • Exploring Grad School
  • Current Students
  • Diversity, Equity & Inclusion
  • Faculty + Staff
  • Alumni
Give
COVID-19 UPDATES
Report Sexual Misconduct
Home

Main navigation

search icon Search
  • Academics
    • Master of Science
    • Master of Landscape Architecture
    • Doctoral (PhD)
    • Dual-Degree Programs
    • Graduate Certificate Programs
    • Undergraduate Program
    • Courses
  • Research + Impact
    • Sustainability Themes
    • PhD Profiles
    • Student Research
    • Centers + Institutes
    • Faculty Profiles
    • Labs
  • Admissions
    • Exploring Graduate School
    • Why Michigan?
    • How to Apply
    • Funding
    • Visit Campus
    • For International Students
    • For Admitted Students
  • Student Services
    • Financial Aid
    • Career Services
    • Student Organizations
    • Student Development
    • Forms, Handbooks + Policies
  • News
    • Community Highlights
    • In the Media
  • Events
    • Co-Sponsorship Form
    • Submit Event
    • Conferences
    • Gallery
  • About
    • Who We Are
    • Leadership
    • Faculty Profiles
    • Administrative Departments + Staff
    • Facilities + Locations
    • Diversity, Equity + Inclusion
    • Art & Environment Gallery
    • History

  • Admissions
  • Exploring Grad School
  • Current Students
  • Diversity, Equity & Inclusion
  • Faculty + Staff
  • Alumni
Give
COVID-19 UPDATES
Report Sexual Misconduct
search icon Search

Master's Projects

Image
Masters Projects
  • Sustainability Themes
  • PhD Profiles
  • Student Research
    • Master's Capstone Options
    • Master's Projects
    • Master's Thesis
  • Centers + Institutes
  • Faculty Profiles
  • Labs

Main navigation

  • Sustainability Themes
  • PhD Profiles
  • Student Research
    • Master's Capstone Options
    • Master's Projects
    • Master's Thesis
  • Centers + Institutes
  • Faculty Profiles
  • Labs

Capital Market – Based Corporate Water Risk Assessment: Improved Application of waterBeta® on Japanese Corporations

Ann Arbor, Michigan, USA
Project Description

As a resource that is often scarce in many regions, water has been identified as a key risk factor in corporate development. Generic financial indicators – such as stock price and financial beta – are not able to show idiosyncratic risks caused by water-related issues. Thus, failure to consider water risks and relative indicators may lead to investment loss. The existing waterBeta® index was developed by Equarius Risk Analytics to assess and price idiosyncratic corporate water risk. It takes capital market indicators, corporate financials and water data into account.

 

This study will focus on ten selected Japanese corporations and calculate their waterBeta®. Improvement in calculation includes usage of company-specific water data instead of industry average, as well as more insight into huge corporations with multiple lines of business. Correlation between month-specific water risk and price/sale performance was also observed to assess the robustness of waterBeta®.

 

Data are collected through Bloomberg, Factset, D&B Hoovers and public corporation financial and sustainability reports. Data verification and processing are needed before applying waterBeta® formula. Calculation was done by collaborative effort. Interpretations and suggestions were derived after calculation.

Year
2020
Project Status
Past Project
Students Involved

Muhan Chen, MS (SusSys)

SEAS Faculty Advisor
Peter A. Adriaens
Advisor(s)
Dr. Anthony Arnold
Specializations
Sustainable Systems
seas logo
Dana Building
440 Church Street
Ann Arbor, MI 48109
(734) 764-6708
Email us
facebook
twitter
instagram
linkedin
youtube

Footer

  • Contact us
  • Intranet

© 2021 The Regents of the University of Michigan | Privacy Policy | Diversity, Equity & Inclusion

Produced by Michigan Creative