Director of the Smith School of Enterprise and the Environment
  • Fellow of St Edmund Hall, Oxford
  • Sir Louis Matheson Distinguished Visiting Professor, Faculty of Business and Economics, Monash University, Melbourne.
  • Member of the Transformations: Economy, Society and Place research cluster

Academic Profile

Professor Gordon L Clark DSc (Oxon) FBA is the Director of the Smith School of Enterprise and the Environment with cross-appointments in the Saïd Business School and the School of Geography and the Environment at Oxford University. He also holds a Professorial Fellowship at St Edmund Hall, Oxford. He is, as well, Sir Louis Matheson Distinguished Visiting Professor at Monash University's Faculty of Business and Economics (Melbourne) and a Visiting Professor at Stanford University. Previous academic appointments have been at Harvard's Kennedy School of Government, Harvard Law School (Senior Research Associate), the University of Chicago, Carnegie Mellon's Heinz School and Monash University. Other honours include being Andrew Mellon Fellow at the US National Academy of Sciences and Visiting Scholar Deutscher Akademischer Austausch Dienst at the University of Marburg.

He has held a number of senior administrative posts including Associate Dean (Finance, Graduate Studies) and Dean of the Faculty of Arts at Monash University (Melbourne), Chair of the Faculty Board of Anthropology and Geography (Oxford), and most recently Director and Head of the Oxford University Centre for the Environment. Professor Clark has served on the Social Science Committee of the British Academy, has been an elected member of the Oxford University's Socially Responsible Investment Committee, is an employer-nominated trustee of the Oxford Staff Pension Scheme, is a consultant to MetallRente GmbH, is a Founding Governor of the UK Pension Policy Institute, and is the External Advisor to Diageo's Executive Environmental Working Group. He was a consultant to the Swedish Government's Buffer-fund inquiry, and advised The Kay Review on Equity Markets and Long-Term Decision Making.

An economic geographer, he is interested in the responsibilities and behaviour of investors as regards long-term sustainable investment. This has involved research on institutions' proxy-voting behaviour, the strategies of corporate engagement given concerns about environmental liabilities and the sensitivity of firms to brand image and reputation, the regulation of corporate disclosure on issues related to environment and social responsibility, and the governance of investment institutions that have an explicit long-term mandate. His current research focuses upon the governance of investment decision-making in the context of market volatility and long-term obligations. In part, this project has developed in collaboration with Oxford colleagues and graduate students as well as the UNPRI, Mercer, the Telos Project, Towers Watson, and the project led by Professor Tessa Hebb at Carleton University (Ottawa) funded by the Social Science and Humanities Research Council of Canada.

Related research is focused on the design and management of investment institutions including reference to insourcing, out-sourcing, and off-shoring activities and the demand and supply of financial services relevant to pension funds, endowments, and sovereign wealth funds. Papers on this topic have been published in the Journal of Economic Geography (2013), Environment and Planning A (2013, forthcoming 2014), and Place, Territory and Governance (forthcoming 2014). With Adam Dixon and Ashby Monk, his monograph on the governance and legitimacy of sovereign wealth funds was published by Princeton University Press in 2013.

His research on household financial decision-making has focused on long-term saving utilising theories and methods from the behavioural and social sciences in the context of risk and uncertainty. Papers on this topic have been published in the Transactions IBG (2007), Ageing and Society (2008), Environment and Planning A (2009), Pensions: An International Journal (2009), the Journal of Economic Geography (2010) and Urban Studies (2011) supported, in part, by the ESRC, Mercer and Towers Wyatt. With Kendra Strauss and Janelle Knox-Hayes, he is co-author of Saving for Retirement (OUP, 2012). Recent related books include the co-edited Managing Financial Risks: From the Global to the Local (OUP 2009) (with Ashby Monk and Adam Dixon), and The Geography of Finance (OUP 2007) (with Dariusz Wójcik).

Current Research

Teaching

MSc in Nature, Society and Environmental Policy

Current Graduate Research Students

Pablo Astudillo-Estevez

Measuring the sustainability gap of non-renewable resources extraction in Ecuador, in the context of the transition to a tertiary exporting economy

Heather Hachigian

Governance frameworks for responsible investing: the case of sovereign sponsored funds.

Christopher Kaminker

The economic geography of institutional investment in clean energy infrastructure

Irem Kok

Transparency and corporate governance: a comparative study of shale gas controversies in the US and UK

Sarah-Jane Littleford

Prospects for intergenerational equity in sub-saharan Africa

Sarah McGill

The economic governance of global commodity markets

Alex Money

Corporate water risk and return

Dane Rook

Sustainable investment beliefs: behavioural ecologies of expectation and long-term decision making

Aisha Saad

Contesting neoliberalism through the corporate social responsibility regime

Yukie Saito

Corporate engagement for sustainable business in development

Laura-Marie Töpfer

The role of institutional investors in equity market development and corporate governance: evidence from China

Michael Urban

US Public Pension funds internal capabilities: searching for an alternative financial culture

Yin Yang

Assessment and governance of urban infrastructure for meeting the challenges of climate change - case studies of London and Beijing

Recent Graduate Research Students (since 2006)

Dorothee Franzen
Completed in 2013

Impact of regulation on the asset investment of defined benefit pension funds

Nicholas Howarth
Completed in 2012

An integrated theory of economic and political change: including four papers on the shift to a low carbon economy

Caitlin McElroy
Completed in 2012

Corporate social responsibility in the extractive and energy industries: effects on resource use and indigenous development

Rajiv Sharma
Completed in 2012

The role of private institutional investors in developing urban infrastructure assets

Csaba Burger
Completed in 2011

Occupational pensions in Germany - an economic geography

Taylor Gray
Completed in 2011

A corporate geography of Canada: governance and networks

Claire Woods
Completed in 2011

Legal frameworks for sustainable investment

Eric Knight
Completed in 2010

The finance of climate change

Leng Lee
Completed in 2010

Rural-urban migration in China

Ville-Pekka Sorsa
Completed in 2010

Pension fund capitalism in Europe: institutional organisation and governance of investment in Finnish pension insurance companies

Adam Dixon
Completed in 2009

The geography of European financial integration and long-term asset management

Janelle Knox-Hayes
Completed in 2009

Constructing an international market for carbon trading: an institutional perspective.

Lisa Hagerman
Completed in 2008

Public pension fund investment in urban revitalization.

Ashby Monk
Completed in 2008

The burden of corporate pension liabilities in the emerging global economy.

Kendra Strauss
Completed in 2008

Choice, risk and the context of decision making in UK pensions.

Emiko Caerlewy-Smith
Completed in 2007

Investment decision-making: attitudes and actions of UK defined benefit pension fund trustees.

James Salo
Completed in 2006

Corporate environmental performance: governance, intangible assets, and financial markets.

Morag Torrance
Completed in 2006

The financialisation of the urban infrastructure landscape: unravelling financial flows into urban geographies.

Selected Publications

Publications are those that were listed on the old website. Publications database integration forthcoming.
Books (since 2001)
Papers and Articles (since 2008)

Recent papers with colleagues can be found at the Working Papers in Employment, Work and Finance website.