Prof. Dr. Andreas Ziegler

Head of Chair
Address University of Kassel
Faculty of Economics and Management
Chair of Empirical Economic Research
Nora-Platiel-Str. 5, 34109 Kassel
Room 1119
Telephone +49 561 804-3038
Telefax +49 561 804-2501
Office Hours:

Wednesday, 11:30 - 12:30 h (during the lecture period)

Picture of Prof. Dr. Andreas  Ziegler

Research interests

Empirical economic research, applied microeconometrics, empirical environmental economics, climate and energy policy, sustainable investments, corporate social responsibility (CSR), asset pricing models, environmental innovations


Research articles in peer-reviewed journals:

Engler, Daniel, Elke D. Groh, Gunnar Gutsche, and Andreas Ziegler (2021), Acceptance of climate-oriented policy measures under the COVID-19 crisis: an empirical analysis for Germany, Climate Policy, forthcoming

Kesternich, Martin, Andreas Löschel, and Andreas Ziegler (2021), Negotiating weights for burden sharing rules in international climate negotiations: An empirical analysis, Environmental Economics and Policy Studies, forthcoming

El Ouadghiri, Imane, Khaled Guesmi, Jonathan Peillex, and Andreas Ziegler (2021), Public attention to environmental issues and stock market returns, Ecological Economics 180, 106836 (featured in The Academic Times

Ziegler, Andreas (2020), Heterogeneous preferences and the individual change to alternative electricity tariffs, Energy Economics 91, 104889  

Schwirplies, Claudia, Elisabeth Dütschke, Joachim Schleich, and Andreas Ziegler (2019), The willingness to offset CO2 emissions from traveling: Findings from discrete choice experiments with different framings, Ecological Economics 165, 106384

Gutsche, Gunnar and Andreas Ziegler (2019), Which private investors are willing to pay for sustainable investments? Empirical evidence from stated choice experiments, Journal of Banking and Finance 102, 193-214

Gutsche, Gunnar, Anja Köbrich León, and Andreas Ziegler (2019), On the relevance of contextual factors for socially responsible investments: An econometric analysis, Oxford Economic Papers 71 (3), 756-776

Schmidt, Peter S., Urs von Arx, Andreas Schrimpf, Alexander F. Wagner, and Andreas Ziegler (2019), Common risk factors in international stock markets, Financial Markets and Portfolio Management 33 (3), 213-241 (winner of the FMPM Best Paper Award of the year 2019)

Ziegler, Andreas (2019), The relevance of attitudinal factors for the acceptance of energy policy measures: A micro-econometric analysis, Ecological Economics 157, 129-140

Groh, Elke D. and Andreas Ziegler (2018), On self-interested preferences for burden sharing rules: An econometric analysis for the costs of energy policy measures, Energy Economics 74, 417-426

Schleich, Joachim, Claudia Schwirplies, and Andreas Ziegler (2018), Do perceptions of international climate policy stimulate or discourage voluntary climate protection activities? A study of German and US households, Climate Policy 18 (5), 568-580

Ziegler, Andreas (2017), Political orientation, environmental values, and climate change beliefs and attitudes: An empirical cross country analysis, Energy Economics 63, 144-153

Lange, Andreas and Andreas Ziegler (2017), Offsetting versus mitigation activities to reduce CO2 emissions: A theoretical and empirical analysis for the U.S. and Germany, Environmental and Resource Economics 66 (1), 113-133

Lange, Andreas, Claudia Schwirplies, and Andreas Ziegler (2017), On the interrelation between the consumption of impure public goods and the provision of direct donations: Theory and empirical evidence, Resource and Energy Economics 47, 72-88 

Schwirplies, Claudia and Andreas Ziegler (2017), Adaptation of future travel habits to climate change: A micro-econometric analysis of tourists from Germany, Tourism Economics 23 (6), 1275-1295

Schwirplies, Claudia and Andreas Ziegler (2016), Offset carbon emissions or pay a price premium for avoiding them? A cross-country analysis of motives for climate protection, Applied Economics 48 (9), 746-758

Schleich, Joachim, Elisabeth Dütschke, Claudia Schwirplies, and Andreas Ziegler (2016), Citizens' perceptions of justice in international climate policy: An empirical analysis, Climate Policy 16 (1), 50-67

Dai, Jing, Martin Kesternich, Andreas Löschel, and Andreas Ziegler (2015), Extreme weather experiences and climate change beliefs in China: An econometric analysis, Ecological Economics 116, 310-321

Ziegler, Andreas (2015), Disentangling technological innovations: A micro-econometric analysis of their determinants, Journal of Environmental Planning and Management 58 (2), 315-335 (also published in Horbach, Jens and Christiane Reif, eds., 2018, New developments in eco-innovation research, Springer, 123-146)

Mollet, Janick C. and Andreas Ziegler (2014), Socially responsible investing and stock performance: New empirical evidence for the US and European stock markets, Review of Financial Economics 23 (4), 208-216

Von Arx, Urs and Andreas Ziegler (2014), The effect of corporate social responsibility on stock performance: New evidence for the USA and Europe, Quantitative Finance 14 (6), 977-991

Oberndorfer, Ulrich, Peter Schmidt, Marcus Wagner, and Andreas Ziegler (2013), Does the stock market value the inclusion in a sustainability stock index? An event study analysis for German firms, Journal of Environmental Economics and Management 66 (3), 497-509

Ziegler, Andreas (2012), Is it beneficial to be included in a sustainability stock index? A panel data study for European firms, Environmental and Resource Economics 52 (3), 301-325

Ziegler, Andreas (2012), Individual characteristics and stated preferences for alternative energy sources and propulsion technologies in vehicles: A discrete choice analysis for Germany, Transportation Research Part A 46 (8), 1372-1385

Ziegler, Andreas, Julia Schwarzkopf, and Volker H. Hoffmann (2012), Stated versus revealed knowledge: Determinants of offsetting CO2 emissions from fuel consumption in vehicle use, Energy Policy 40, 422-431

Böhringer, Christoph, Ulf Moslener, Ulrich Oberndorfer, and Andreas Ziegler (2012), Clean and productive? Empirical evidence from the German manufacturing industry, Research Policy 41 (2), 442-451

Ziegler, Andreas, Timo Busch, and Volker H. Hoffmann (2011), Disclosed corporate responses to climate change and stock performance: An international empirical analysis, Energy Economics 33 (6), 1283-1294

Lange, Andreas, Andreas Löschel, Carsten Vogt, and Andreas Ziegler (2010), On the self-interested use of equity in international climate negotiations, European Economic Review 54 (3), 359-375

Ziegler, Andreas (2010), Z-Tests in multinomial probit models under simulated maximum likelihood estimation: Some small sample properties, Jahrbücher für Nationalökonomie und Statistik 230 (5), 630-652

Ziegler, Andreas and Michael Schröder (2010), What determines the inclusion in a sustainability stock index? A panel data analysis for European companies, Ecological Economics 69 (4), 848-856

Ziegler, Andreas and Jazmin Seijas Nogareda (2009), Environmental management systems and technological environmental innovations: Exploring the causal relationship, Research Policy 38 (5), 885-893

Oberndorfer, Ulrich and Andreas Ziegler (2009), 2002 German federal elections and associated energy policy: How were energy corporations financially affected?, Jahrbücher für Nationalökonomie und Statistik 229 (5), 570-583

Hoffmann, Volker H., David C. Sprengel, Andreas Ziegler, Matthias Kolb, and Bruno Abegg (2009), Determinants of corporate adaptation to climate change in winter tourism: An econometric analysis, Global Environmental Change 19 (2), 256-264

Ziegler, Andreas, Michael Schröder, and Klaus Rennings (2007), The effect of environmental and social performance on the stock performance of European corporations, Environmental and Resource Economics 37 (4), 661-680

Ziegler, Andreas (2007), Simulated classical tests in multinomial probit models, Statistical Papers 48 (4), 655-681

Lange, Andreas, Carsten Vogt, and Andreas Ziegler (2007), On the importance of equity in international climate policy: An empirical analysis, Energy Economics 29 (3), 545-562

Ziegler, Andreas, Michael Schröder, Anja Schulz, and Richard Stehle (2007), Multifaktormodelle zur Erklärung deutscher Aktienrenditen: Eine empirische Analyse, Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung 59 (Mai), 355-389

Rehfeld, Katharina-Maria, Klaus Rennings, and Andreas Ziegler (2007), Integrated product policy and environmental product innovations: An empirical analysis, Ecological Economics 61 (1), 91-100

Rennings, Klaus, Andreas Ziegler, Kathrin Ankele, and Esther Hoffmann (2006), The influence of different characteristics of the EU environmental management and auditing scheme on technical environmental innovations and economic performance, Ecological Economics 57 (1), 45-59

Rennings, Klaus, Andreas Ziegler, and Thomas Zwick (2004), The effect of environmental innovations on employment changes: An econometric analysis, Business Strategy and the Environment 13 (6), 374-387

Ziegler, Andreas and Angelika Eymann (2001), Zur Simulated Maximum-Likelihood-Schätzung von Mehrperioden-Mehralternativen-Probitmodellen, Allgemeines Statistisches Archiv 85 (3), 319-342

Research articles in revision:

Ziegler, Andreas (2020), New Ecological Paradigm meets behavioral economics: On the relationship between environmental values and economic preferences, in revision for Journal of Environmental Economics and Management, previous version: MAGKS Discussion Paper No. 20-2020

Schmidt, Peter S., Urs von Arx, Andreas Schrimpf, Alexander F. Wagner, and Andreas Ziegler (2020), Size and momentum profitability in international markets, in revision for European Financial Management, previous version: SSRN Electronic Journal 2642185

Discussion papers submitted to peer-reviewed journals:

Groh, Elke D. and Andreas Ziegler (2021), On the relevance of values, norms, and economic preferences for electricity consumption, MAGKS Discussion Paper No. 07-2021

Gutsche, Gunnar, Heike Wetzel, and Andreas Ziegler (2020), Determinants of individual sustainable investment behavior - A framed field experiment, MAGKS Discussion Paper No. 33-2020

Gutsche, Gunnar, Moritz König, and Andreas Ziegler (2020), Does the stock market reward CSR? An international long-term event study

König, Moritz, Victor von Loessl, Claudia Schwirplies, and Andreas Ziegler (2020), Preferences for energy-saving measures to control the climate at home: A stated choice analysis  

Monographs and peer-reviewed articles in edited volumes:

Rennings, Klaus, Michael Schröder, and Andreas Ziegler (2006), The Economic Performance of European Stock Corporations. Does Sustainability Matter?, in: Schaltegger, Stefan and Marcus Wagner (eds.) (2006), Managing the Business Case for Sustainability, The Integration of Social, Environmental and Economic Performance, Sheffield, UK, 196-210 (also published in Greener Management International 44, 33-43)

Rennings, Klaus, Kathrin Ankele, Esther Hoffmann, Jan Nill, and Andreas Ziegler (2005), Innovationen durch Umweltmanagement, ZEW Schriftenreihe Umwelt- und Ressourcenökonomie, Heidelberg

Ziegler, Andreas (2005), A Comparison between Multinomial Logit and Probit Models - Analyzing the Determinants of Environmental Innovations, in: Scarpa, Riccardo und Anna Alberini (eds.), Applications of Simulation Methods in Environmental and Resource Economics, Dordrecht, The Netherlands, Chapter 6, 97-116 

Ziegler, Andreas, Klaus Rennings, and Michael Schröder (2004), Verbessert nachhaltiges Wirtschaften den Shareholder Value? Eine empirische Analyse europäischer Aktiengesellschaften, in: Fritsch, Michael (ed.), Marktdynamik und Innovation, Beiträge im Gedenken an Hans-Jürgen Ewers, Berlin, 349-364 

"Work in Progress":

Engler, Daniel, Elke D. Groh, and Andreas Ziegler (2021), The causal effect of religious and environmental identity on green preferences: A combined priming and stated choice experiment (working title)

Groh, Elke D. and Andreas Ziegler (2021), On self-interested preferences for sharing the costs of energy policy: A stated choice analysis for Germany (working title)

Engler, Daniel and Andreas Ziegler (2021), Mixed logit estimation of willingness to pay: A Monte Carlo experiment (working title)

Gutsche, Gunnar and Andreas Ziegler (2021), Determinants of environmental product and process innovations: New evidence on the basis of European panel data (working title)

Simixhiu, Amantia and Andreas Ziegler (2021), On the relevance of income perceptions and behavioral factors for donations (working title)

Simixhiu, Amantia and Andreas Ziegler (2021), How reliable are empirical studies on economic preferences with student samples? An analysis on the basis of large-scale data (working title)

Bauckloh, Tobias, Gunnar Gutsche, Christian Klein, and Andreas Ziegler (2021), Trump's election, the withdraw from the Paris Agreement, and stock prices of energy-intensive firms - A great event study (working title)

Köbrich León, Anja and Andreas Ziegler (2021), On the relevance of contextual factors for pro-environmental and ethical food consumption: An econometric analysis (working title)

Dai, Jing and Andreas Ziegler (2021), Stated preferences for alternative fuel vehicles: Are Chinese individuals different? (working title)

Schmidt, Peter and Andreas Ziegler (2021), Human rights abuse and corporate stock performance - an event study analysis (working title)

Curriculum vitae

Since 04/2011:
Professor for Empirical Economic Research, Faculty of Economics and Management, University of Kassel

Since 06/2010: 
Research affiliate, ZEW – Leibniz Centre for European Economic Research, Mannheim

03/2007 – 03/2013:
Senior researcher and research associate, ETH Zurich  

07/2006 – 03/2013:
Senior researcher, assistant professor (Oberassistent), and research associate, University of Zurich  

04/2010 – 02/2011:
Deputy professor at the Chair of Empirical Economic Research, Faculty of Economics and Management, University of Kassel   

04/2007 – 09/2007, 10/2008 – 03/2009:
Lecturer, University of Heidelberg

04/2001 – 02/2007:
Senior researcher and research associate, ZEW – Leibniz Centre for European Economic Research, Mannheim  

10/2003 – 01/2006:
Lecturer, University of Applied Science Pforzheim  

Doctorate in economics, University of Mannheim, doctoral thesis: "Simulated classical estimation and testing in multiperiod multinomial probit models" (in German)

04/1994 – 02/2001:
Research associate and research assistent, University of Mannheim  

03/1998 – 06/1998:
Lecturer, University of Applied Sciences Ludwigshafen am Rhein

Diploma in economics, University of Mannheim, diploma thesis: "Macroeconomic impacts of shifts in the age distribution" (in German)

Conference talks

Jahrestagung Ausschuss für Umwelt- und Ressourcenökonomie des Vereins für Socialpolitik (2011, 2012, 2015), World Congress Environmental and Resource Economists (2006, 2010, 2014), Annual Conference European Association of Environmental and Resource Economists (2003, 2005, 2007, 2008, 2009, 2011, 2012, 2015, 2016, 2019), Annual Congress European Economic Association (2003, 2004, 2006, 2007, 2008, 2010, 2017), Jahrestagung Verein für Socialpolitik (2003, 2004, 2005, 2007, 2009, 2012, 2014, 2015, 2018, 2019, 2020), International Conference International Association for Energy Economics (2008, 2014, 2015, 2016, 2017), European Conference International Association for Energy Economics (2007), Conference European Society for Ecological Economics (2007, 2009), Pfingsttagung Deutsche Statistische Gesellschaft (2002, 2003, 2005), Statistische Woche Deutsche Statistische Gesellschaft (2008, 2010), Annual Meeting Swiss Society of Economics and Statistics (2005, 2008), Jahrestagung Verband der Hochschullehrer für Betriebswirtschaft (2004, 2005, 2007, 2009, 2010), Monte Verità Conference Sustainable Resource Use and Economic Dynamics (2008), Conference European Centre for Corporate Engagement on SRI and CSR (2009), ETH Zurich (2005, 2010), Fraunhofer Institute for Systems and Innovation Research (2006), Technical University Munich (2007), University of Kassel (2010), University of Potsdam (2010), University of Basel (2010), University of Gießen (2011), University of Osnabrück (2011), University of Oldenburg (2014), University of Hohenheim (2014), University of Hamburg (2017), Waseda University Tokyo (2018), University of Cologne (2019), Kyoto Sangyo University (2019), University of Kyoto (2019)

Referee activities

Peer-reviewed journals:

Applied Economics, Applied Economics Letters, Business Strategy and the Environment, Climate Policy, Climatic Change, Computational Statistics and Data Analysis, Ecological Economics, Empirical Economics, Energy Economics, Energy Policy, Environment and Development Economics, Environmental and Resource Economics, Environmental Policy and Governance, Jahrbücher für Nationalökonomie und Statistik, Journal of Environmental Economics and Management, Journal of Environmental Management, Journal of Environmental Planning and Management, Journal of the Association of Environmental and Resource Economists, Nature Climate Change, Perspektiven der Wirtschaftspolitik, Production and Operations Management, Quantitative Finance, Research Policy, Resource and Energy Economics, Review of Managerial Science, Scottish Journal of Political Economy, Small Business Economics, Swiss Journal of Economics and Statistics, Transportation, Transportation Research Part A, Transportation Research Part D, Transportation Science


Annual Conference European Association of Environmental and Resource Economists (2016, 2019, 2020), German Research Foundation (DFG) Collaborative Research Centre (SFB), Jubiläumsfonds der Österreichischen Nationalbank, Research Grants Council Hong Kong, Schweizerischer Nationalfonds (SNF), World Congress Environmental and Resource Economists (2014, 2018)