The 2024 Massey Sustainable Finance Conference

8:00 - 8:30 (30min)

Registration & Coffee

Welcoming Foyer

8:30 - 9:00 (30min)

Welcome & Opening Remarks

Main Hall

David Brougham; Hung Do; Sasha Molchanov

9:00 - 10:30 (1h30)

A1.1: Sustainable Finance I

Zoom & Room 1

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)

› Environmental News Betas - Maik Dierkes, Leibniz University Hannover 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)

› Understanding Energy Security in Geopolitical Contexts: Insights from Decomposing Energy Diversification Indexes - Haithem Awijen, INSSEC Business School 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)

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)

10:30 - 11:00 (30min)

Morning Tea

Welcoming Foyer

11:00 - 12:00 (1h)

Water Sustainability and Household Behavior

Main Hall

Professor Sumit Agarwal (National University of Singapore)

12:00 - 13:30 (1h30)

Lunch Break

Welcoming Foyer

13:30 - 14:30 (1h)

Policy Roundtable Discussion

Main Hall

Ben Marshall; Sumit Agarwal; Paul Conway; Joanna (Jo) Kelly

14:30 - 15:00 (30min)

Afternoon Tea

Welcoming Foyer

15:00 - 16:30 (1h30)

B2.1: Environmental, Social & Governance III

Zoom & Room 1

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)

› Confucianism and Corporate Environmental Innovation: Evidence from China - Xiaoxiao He, Southwestern 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)

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)

18:00 - 22:00 (4h)

Gala Dinner & Best Paper Awards

Gala Dinner Restaurant