Chair: Tony Berrada, University of Geneva and Swiss Finance Institute (Switzerland)
› Predicting CDS Spreads and Stock Returns with Weather Risk Measures A Study Utilizing NLP/LLM and AI - YI ZHOU, San Francisco State University
09:00-10:30 (1h30)
› The Economics of Sustainability-Linked Bonds - Tony Berrada, University of Geneva - Geneva School of Economics , Geneva finance research institute and Swiss Finance Institute
09:00-10:30 (1h30)
› Bridging the Gap: The Impact of Board-Management Commonality on Firm Value and Board Decision-making Effectiveness - Jungmin Kim, The Hong Kong Polytechnic University
09:00-10:30 (1h30)
9:00 - 10:30 (1h30)
A1.2: Climate Finance I
Zoom & Room 2
Chair: Svetlana Orlova, University of Tulsa (United States)
› Boiling Banks - How Heat Harms Bank Performance - Fabian Wening, University of Munster
09:00-10:30 (1h30)
› Stringency of Environmental Policies and Cash Management: International Evidence - Svetlana Orlova, The University of Tulsa
09:00-10:30 (1h30)
› Mission Accomplished? A Post-Assessment of EU ETS Impact on Power Sector Emissions Reduction - Ethan ESLAHI, IÉSEG School of Management
09:00-10:30 (1h30)
9:00 - 10:30 (1h30)
A1.3: Environmental, Social & Governance I
Zoom & Room 3
Chair: Xiaoming Li, Massey University (New Zealand)
› Downside Risk and Its Drivers in China's Securities Markets: Does Greenness Make Bonds a Safer Haven? - Xiao-Ming Li, School of Economics and Finance, MBS, Massey University
09:00-10:30 (1h30)
› Employee-related ESG policy and Firm Leverage - Jun Qiao, Shanghai International Studies University
09:00-10:30 (1h30)
› The Effect of Greenhouse Gas Emissions on Firm Value: Evidence from Korea - BOXIAN WANG, Yonsei University
09:00-10:30 (1h30)
9:00 - 10:30 (1h30)
A1.4: Carbon & Energy Finance I
Zoom 4
Chair: Petr Teply, Prague University of Economics and Business (Czech Republic)
› Integrating Carbon Footprint into Credit Risk Models: A Case Study from the 2022 European Energy Crisis - Petr Teply, Prague University of Economics and Business - David Tripe, Massey University
09:00-10:30 (1h30)
› The Interplay of Carbon Offset, Renewable Energy Certificate and Electricity Markets in Australia - Ling Liao, University of Otago [Dunedin, Nouvelle-Zélande]
09:00-10:30 (1h30)
› Understanding Energy Security in Geopolitical Contexts: Insights from Decomposing Energy Diversification Indexes - Haithem Awijen, INSSEC Business School
09:00-10:30 (1h30)
9:00 - 10:30 (1h30)
A1.5: Environmental, Social & Governance II
Zoom 5
Chair: Tim Herberger, Andrassy University Budapest (Hungary)
› Green ETFs Attributes and Investor Behaviour - Rim Laksaci, Université Catholique de Louvain
09:00-10:30 (1h30)
› ESG Favoritism in Mutual Fund Families - Alexander Pasler, Vienna University of Economics and Business
09:00-10:30 (1h30)
› Does Non-Social Compliant Entrepreneurial Acting Lead to Underperformance? An Event Analysis Related to the Russia-Ukraine-conflict and the CELI List - Tim Herberger, Andrássy University Budapest, IU - Internationale Hochschule, University of Bamberg
09:00-10:30 (1h30)
9:00 - 10:30 (1h30)
A1.6: Sustainable Finance & Accounting I
Zoom 6
Chair: Maria Cantero Saiz, Universidad de Cantabria (Spain)
› Does Workplace Safety Regulation Influence Employee-related CSR? - Baoying Zhang, University of Sydney
09:00-10:30 (1h30)
› ESG and bank profitability: the moderating role of country sustainability in developing and developed economies - María Cantero Saiz, SANFI - University of Cantabria
09:00-10:30 (1h30)
› Corporate Social Responsibility, Cost of Debt, and the Moderating Effect of the Worldwide Governance Indicator (WGI). - Cintia Urbina, Universidade de São Paulo = University of São Paulo, University of Twente
09:00-10:30 (1h30)
› Performance of sustainable indices: Are there differences between pre- and post-inception - Niklas Kestler, Friedrich-Alexander-Universität Erlangen-Nürnberg
09:00-10:30 (1h30)
Chair: Griffen Geng, Victoria University of Wellington (New Zealand)
› Save more or less? The impact of government health insurance change on saving behaviour - Ye Lyren Lu, Imperial College London
15:00-16:30 (1h30)
› Public perception, identification, and market impact of ESG events - Vladislav Pyzhov, University of Technology Sydney
15:00-16:30 (1h30)
› Green Patent Signaling: Evidence from Voluntary Climate Disclosures - Griffin Geng, Victoria University of Wellington
15:00-16:30 (1h30)
15:00 - 16:30 (1h30)
B2.2: Corporate Social Responsibility I
Zoom & Room 2
Chair: Jing Chi, Massey University (New Zealand)
› Machine Learning, Corporate Innovation Culture and ESG Performance in Emerging Markets - Tanakorn Likitapiwat, Chulalongkorn University (THAILAND)
15:00-16:30 (1h30)
› Are Artificial Intelligence-Focused Firms More Sustainable? - Zhiyuan Jin, Wenzhou-Kean University - Zixuan Zhao, Wenzhou-Kean University
15:00-16:30 (1h30)
› Chinese pension funds: do they help retirement savings? - Yuruo Feng, Massey University
15:00-16:30 (1h30)
› Climate policy uncertainty and corporate innovation investment: Evidence from China - Jing Chi, Massey University, New Zealand
15:01-16:30 (1h29)
15:00 - 16:30 (1h30)
B2.3: Sustainable Finance II
Zoom & Room 3
Chair: Jakhongir (Jak) Kakhkharov, Australian Catholic University (Australia)
› Banking Sector Stability and the Implications of Stringent Climate Policy - Jak Kakhkharov, Australian Catholic University
15:00-16:30 (1h30)
› Does Open Banking improve digital financial inclusion? Some early evidence - Abhishek Mukherjee, University of Waikato [Tauranga]
15:00-16:30 (1h30)
› Institutional investor horizon and CSR peer imitation - Wei-Hsien Li, National Central University [Taiwan]
15:00-16:30 (1h30)
15:00 - 16:30 (1h30)
B2.4: Green Finance I
Zoom 4
Chair: Dooyeon Cho, Sungkyunkwan University (Korea)
› Impact of Environmental Regulation on Cost of Debt: Empirical Evidence from India - Kalyani Pal (IFMR GSB, Krea University, India)
15:00-16:30 (1h30)
› Who does not advance loses ground: Green investment as a strategic response by small and medium-sized enterprises to economic policy uncertainty - Shuai Yue, Massey University
15:00-16:30 (1h30)
› From Risk to Resilience: Effects of Geopolitical Risk on Energy Security and Energy Imports - Dooyeon Cho, Sungkyunkwan University
15:00-16:30 (1h30)
15:00 - 16:30 (1h30)
B2.5: Climate Finance II
Zoom 5
Chair: Helen Popper, Santa Clara University (United States)
› Effect of Corporate Leaders' Early Ecological Exposure on Firm Environmental Engagement - Xin He, Nanjing University of Finance and Economics
15:00-16:30 (1h30)
› Climate Change Salience and International Equity Returns - Helen Popper, Santa Clara University
15:00-16:30 (1h30)
› Confucianism and Corporate Environmental Innovation: Evidence from China - Xiaoxiao He, Southwestern University of Finance and Economics
15:00-16:30 (1h30)
15:00 - 16:30 (1h30)
B2.6: Sustainable Finance & Accounting II
Zoom 6
Chair: Shaojun Zhang, The Hong Kong Polytechnic University (Hong Kong SAR)
› Artificial Intelligence Driven Responsible Green Finance - Chao Xing, Ocean University of China
15:00-16:30 (1h30)
› ESG Information and Herd Behavior: Evidence from Taiwan - Yin-Che Weng, National Dong Hwa University
15:00-16:30 (1h30)
› R&D Accounting Choice and Firm Performance: Evidence from China - Shaojun Zhang, The Hong Kong Polytechnic University [Hong Kong]
15:00-16:30 (1h30)
Chair: Jiang Luo, Nanyang Technological University (Singapore)
› The Capital Market Implications of Climate Risk Disclosure - Jiang Luo, Nanyang Technological University
09:00-10:30 (1h30)
› Climate sentiment and volatility in green equities: A novel investment perspective - Tina Prodromou, University of Wollongong [Australia]
09:00-10:30 (1h30)
› The Stock Market Effects of Text-based ESG Proxies from Large Language Models - Oliver Budras, Leibniz University Hannover
09:00-10:30 (1h30)
9:00 - 10:30 (1h30)
C1.2: Corporate Social Responsibility II
Zoom & Room 2
Chair: Reilly White, University of New Mexico (United States)
› Compensation Structure and Real CSR Reporting Activity: CEO Dollars and Sustainable Sense - Reilly White, University of New Mexico
09:00-10:30 (1h30)
› Corporate Social Responsibility as a Pillar of Resilience: Redefining Risk Management Approaches - Adam Arian, Australian Catholic University
09:00-10:30 (1h30)
› Board Diversity and ESG: Australia, Indonesia, Malaysia and Thailand - Kym Brown, Monash University
09:00-10:30 (1h30)
9:00 - 10:30 (1h30)
C1.3: Sustainable Finance & Accounting III
Zoom & Room 3
Chair: Carl Shen, Macquarie University (Australia)
› Green Guardians: How Socially Responsible Investors Shield Firms from Sustainability Missteps - Carl Shen, Macquarie University [Sydney], Macquarie University
09:00-10:30 (1h30)
› Climate Risk Awareness and Corporate Green Building Adoption: Exploring the Impact of CSR Strategy and Environmental Management Teams - Md Akhtaruzzaman, Australian Catholic University - Victoria Obeng, Australian Catholic University - Pandula Gamage, Australian Catholic University
09:00-10:30 (1h30)
› Executive migration and corporate green innovation - Yining Tian, Massey University
09:00-10:30 (1h30)
9:00 - 10:30 (1h30)
C1.4: Green Finance II
Zoom 4
Chair: Jay Li, University of North Carolina Greensboro (United States)
› Regulatory Costs and Vertical Integration: Evidence from Supply Chain Disclosure Regulations - Enshuai Yu, Boston College
09:00-10:30 (1h30)
› Climate Risk, Credit, and Food Security - Jay Li, University of North Carolina, Greensboro
09:00-10:30 (1h30)
› Sustainable Energy Marketplace and Societal Readiness - Nonna Sorokina, Pennsylvania State University
09:00-10:30 (1h30)
9:00 - 10:30 (1h30)
C1.5: Climate Transition & Energy Finance I
Zoom 5
Chair: Francois Koulischer, University of Luxembourg (Luxembourg)
› Mandatory Disclosure and ESG Initiative: Evidence from the Smaller Reporting Company Rule - Jewon Shin, Penn State University
09:00-10:30 (1h30)
› Climate solutions, transition risk, and stock returns - Simon Xu, Harvard Business School
09:00-10:30 (1h30)
› Regulating ESG Disclosure - Francois Koulischer, University of Luxembourg
09:00-10:30 (1h30)
9:00 - 10:30 (1h30)
C1.6: Green Finance III
Zoom 6
Chair: Jess Cornaggia, Pennsylvania State University (United States)
› Greening thy Neighbor: How the US Inflation Reduction Act Drives Climate Finance Globally - Daniel Marcel Te Kaat, University of Groningen
09:00-10:30 (1h30)
› Climate Finance and Renewable Energy Capacities in the EU - Mahmoud HASSAN, Borddeaux School of Economics
09:00-10:30 (1h30)
› Renewable Energy Resources and the Local Economy: Evidence from Municipal Bonds - Jess Cornaggia, Pennsylvania State University
09:00-10:30 (1h30)
› The impact of the carbon trading pilot program on China's green bonds financing cost. Evidence from China - Haojun Yuan, Massey University
11:00-12:30 (1h30)
› Commitment is an Act: Do Firms Speculate to Meet Management Forecasts? - Taoran Guo, Monash university
11:00-12:30 (1h30)
› Can high-quality development abate carbon emissions? Evidence from Yellow River Basin in China - Dong Xiang, Shandong Normal University
11:00-12:30 (1h30)
› Environmental Scandal and Carbon Disclosures - Zijun Zhao, Victoria University of Wellington
11:00-12:30 (1h30)
11:00 - 12:30 (1h30)
C2.2: Behavioral Finance & Climate Transition I
Zoom & Room 2
Chair: Qiaoqiao Zhu, Australian National University (Australia)
› Skilled and Sustainable: Investment Choices and Performance of Swiss Retail Investors - Leonie Engelhardt, University of Geneva - Geneva School of Economics , Geneva finance research institute and Swiss Finance Institute
11:00-12:30 (1h30)
› Assessing the economic impact of the global geopolitical-energy uncertainty index - Tam Hoang Nhat Dang, Massey University
11:00-12:30 (1h30)
› The Origin of ESG Preferences: Evidence from 401(K) Plans - Qiaoqiao Zhu, Australian National University
11:00-12:30 (1h30)
11:00 - 12:30 (1h30)
C2.3: Corporate Social Responsibility III
Zoom & Room 3
Chair: George Baihan Wang, Monash University (Australia)
› Going green or greenwashing? Evidence from a quasi-natural experiment of Chinese Air Quality Monitoring Network - Ziwen Peng, School of Economics and Finance, Massey University
11:00-12:30 (1h30)
› Corporate social responsibility rating, market attention and stock liquidity: Evidence from China - Tiantian Tang, Shandong University
11:00-12:30 (1h30)
› Pro-Climate Securities Lending Styles - George Baihan Wang, Monash university
11:00-12:30 (1h30)
11:00 - 12:30 (1h30)
C2.4: Sustainable Finance & Accounting IV
Zoom 4
Chair: Jiang Zhang, Univerisity of Hong Kong (Hong Kong SAR)
› Dirty Air and Green Investments: The impact of pollution information on portfolio allocations - Jian Zhang, HKU
11:00-12:30 (1h30)
› IMPACT OF LOCAL TEMPERATURE SHOCKS ON SMALL BUSINESSES IN THE U.S. - Mingxun (Richard) Wang, Georgia Institute of Technology, Scheller College of Business
11:00-12:30 (1h30)
› ESG Reporting Practices in the Canadian Mining Industry: The Role of Women Directors - Amar Benaissa, Carleton University
11:00-12:30 (1h30)
11:00 - 12:30 (1h30)
C2.5: Environmental, Social & Governance IV
Zoom 5
Chair: Kimberly Cornaggia, Pennsylvania State University (United States)
› The Price of Perception: The effect of ESG reputation risk on analysts' target price revisions - Cody Hyman, University of Central Florida [Orlando]
11:00-12:30 (1h30)
› Is investment capital cheaper for green firms? Evidence from equity listings at Euronext - Oslo - Bernt Odegaard, UiS Business School [University of Stavanger]
11:00-12:30 (1h30)
› ESG Ratings Management - Kimberly Cornaggia, Penn State University
11:00-12:30 (1h30)
11:00 - 12:30 (1h30)
C2.6: Behavioral Finance & Climate Transition II
Zoom 6
Chair: Maria Semenova, HSE University (Russia)
› Board Gender Diversity and Bank Performance during COVID-19: Did Women Save the Day? - Maria Semenova, Laboratory for Banking Studies, HSE University
11:00-12:30 (1h30)
› The Effect of CEO Climate Awareness on Corporate Emissions - Yuyang Zhang, University of Melbourne
11:00-12:30 (1h30)
› Global Environmental Awareness and the Climate Risk of Corporate Mergers and Acquisitions - Yenn-Ru Chen, National Chengchi University
11:00-12:30 (1h30)
Chair: Wenlong Bian, Sungkyunkwan University (Korea)
› Gig economy and labor unrest:Evidence from the online delivery platform in China - Yue Yuan, Shanghai International Studies University
13:30-15:00 (1h30)
› How does digital finance impact birth rates: Evidence from China - Junshi Chen, Massey University
13:30-15:00 (1h30)
› Currency in the Digital Age: How CBDCs Can Reshape Currency Invoicing Power - Linshan Zeng, Massey University
13:30-15:00 (1h30)
› FinTech Risk-Sharing as Innovative Health Insurance? - Wenlong Bian, Sungkyunkwan University
13:30-15:00 (1h30)
13:30 - 15:00 (1h30)
D1.2: Corporate Social Responsibility IV
Zoom & Room 2
Chair: Han Zhou, Monash University (Australia)
› International Spillovers from Changes in Capital Regulation: Evidence from the Syndicated Loan Market - Han Zhou, Monash university
13:30-15:00 (1h30)
› The Real Effects of Bank's Green Bonds - Tingjun Liu, Macquarie University
13:30-15:00 (1h30)
› Weathering the storm: how does firm oil price uncertainty exposure impact green innovation in times of geopolitical tensions - Kai Huang, Massey University, New Zealand
13:30-15:00 (1h30)
13:30 - 15:00 (1h30)
D1.3: Digital Finance & Sustainability II
Zoom & Room 3
Chair: Yang Ji, Sun Yat-sen University (China)
› The Real Effects of Establishing Wealth Management Subsidiaries: Evidence from Chinese Commercial Banks - WANKE WU, Zhongnan University of Economic and Law
13:30-15:00 (1h30)
› The Rise of E-Wallet Super-Apps and Buy-Now-Pay-Later: Payment Competition, Credit Expansion, and Consumer Behavior - Yang Ji, Sun Yat-sen University, China
13:30-15:00 (1h30)
› Does shadow Banking Regulation Constrain the Idiosyncratic Risk of Firms_ Evidence from a Quasi-Natural Experiment in China - Ruiijang Li, School of Economics and Finance, Massey University
13:30-15:00 (1h30)
13:30 - 15:00 (1h30)
D1.4: Environmental, Social & Governance V
Zoom 4
Chair: Erin Pik-Ki So, Hong Kong Baptist University & Hong Kong Metropolitan University (Hong Kong SAR)
› The Double-Edged Sword of Firm's Net Zero Commitment on the Carbon Risk Premium - Keith Chan, The Hong Kong University of Science and Technology
13:30-15:00 (1h30)
› ESG Disclosure Quality and Performance - Avneet Kaur, University of Wollongong [Australia], University of Wollongong Dubai
13:30-15:00 (1h30)
› A surge in voluntary CSR disclosures under China's state capitalism: A potential mechanism and its implications on disclosure quality - Erin Pik-ki SO, Hong Kong Baptist University, Hong Kong Metropolitan University
13:30-15:00 (1h30)
13:30 - 15:00 (1h30)
D1.5: Corporate Social Responsibility V
Zoom 5
Chair: Peter Iliev, Penn State University (United States)
› Investor responses to greenwashing in the corporate ESG bond market - Wilson Wan, The Hong Kong University of Science and Technology
13:30-15:00 (1h30)
› The State and Local Cost of Net Zero - Peter Iliev, Pennsylvania State University
13:30-15:00 (1h30)
› Common Factor of Carbon and Oil Markets - Zong-Wei Yeh, National Chengchi University
13:30-15:00 (1h30)
13:30 - 15:00 (1h30)
D1.6: Environmental, Social & Governance VI
Zoom 6
Chair: Youan Wang, Xiamen University (China)
› How Labor Unions Affect Corporate Environmental and Social Voluntary Disclosures: Theory and Evidence - Youan WANG, Xiamen University
13:30-15:00 (1h30)
› More Cash or Enhanced Reputation? Evidence from Carbon Emission and Tax Avoidance - Zhongda He, Minjiang University
13:30-15:00 (1h30)
› Can Internal Mechanism be an Implicit Assurance? Subordinate Monitoring, Environmental Decoupling and Social License in ASEAN-5 Countries - Ari Budi Kristanto, Curtin University
13:30-15:00 (1h30)