The 2024 Massey Sustainable Finance Conference

8:30 - 9:00 (30min)

Registration & Coffee

Welcoming Foyer

9:00 - 10:30 (1h30)

C1.1: Climate Finance III

Zoom & Room 1

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)

10:30 - 11:00 (30min)

Morning Tea

Welcoming Foyer

11:00 - 12:30 (1h30)

C2.1: Carbon & Energy Finance II

Zoom & Room 1

Chair: Taoran Guo, Monash University (Australia)

› 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: How Does Management Forecast Affect Corporate Selective Hedging? - 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)

12:30 - 13:30 (1h)

Lunch Break

Welcoming Foyer

13:30 - 15:00 (1h30)

D1.1: Digital Finance & Sustainability I

Zoom & Room 1

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)

› 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)

› How does digital finance impact birth rates: Evidence from China - Junshi Chen, Massey 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)

15:00 - 15:30 (30min)

Afternoon Tea & Networking

Welcoming Foyer

Program Agenda & Paper Download