Day 2 - Tuesday June 21, 2022

Sessions

 

09:00   Parallel Sessions E

10:30   Break

11:00   Special session on Sustainability and Corporate Social Responsibility

12:00   Break

14:00   Parallel Sessions G

15:30   Break

16:00   Keynote Address

Special session on Sustainability and Corporate Social Responsibility

Special session on Sustainability and Corporate Social Responsibility
Ali Fatemi (DePaul University)
Iraj Fooladi (Dalhousie University)
Manuchehr Shahrokhi (California State University, Fresno)

Keynote Address

Climate Financial Risk: Portfolios and Stress Tests
Robert Engel (New York University)

E: 09:00 - 10:30

E1   Corporate Social Responsibility and Ethics

E2   Behavioral Finance II

E3   Risk and Asset Pricing

E4   Banking II

E5   Corporate Governance and Shareholder Activism

F: 14:00 - 15:30

F1   Corporate Social Responsibility/ESG

F2   Empirical Finance

F3   Accounting and Finance

F4   Empirical Asset Pricing

 
 

Session E1: Corporate Social Responsibility and Ethics

Session Chair:

Charli Tandja

(UQO)

 

 

 

Does It Pay to Be Green? the Impact of Equator Principles on Project Loans

Gabriel Power (Laval University, Canada),

Charli Tandja

(UQO, Canada)

 

Discussant:

Bijitaswa Chakraborty

(Indian Institute of Technology Kharagpur)

 

PDF

 

 

‘Ethical’ Window Dressing in Sri Funds: Angels & (No) Demons

Fernando Muñoz (University of Zaragoza (Spain)), Cristina Ortiz (University of Zaragoza (Spain)),

Luis Vicente

(University of Zaragoza (Spain))

 

Discussant:

Charli Tandja

(UQO)

 

PDF

 

 

Too Invested to Change: the Role of Uncertainty Avoidance on Firms’ Greenhouse Gas Emissions

 

Marcos Velazquez

(Florida International University), Arun Upadhyay (Florida Intenational University), Abu Amin (Central Michigan University)

 

Discussant:

Luis Vicente

(University of Zaragoza)

 

PDF

 

 

Does the Information in the Csr Disclosure Designate Value Relevance or Impression Management: a Content Analysis Approach in the Indian Context

 

Bijitaswa Chakraborty

(Indian Institute of Technology Kharagpur, India), Titas Bhattacharjee (Indian Institute of Technology Kharagpur, India)

 

Discussant:

Marcos Velazquez

(Florida International University)

 

PDF

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Session E2: Behavioral Finance II

Session Chair:

Cristiana Cerqueira Leal

(University of Minho)

 

 

 

How Retail Investors Affect Stock Market?

 

Xiaozhou Zhou

(Faculty of Management (ESG),University of Quebec at Montreal), Feng Zhan (DAN Management and Organizational Studies, University of Western Ontario), Chang Chan (Department of Finance and Cooperative Management, National Taipei University)

 

Discussant:

Cristiana Cerqueira Leal

(University of Minho)

 

PDF

 

 

Can Salience Theory Explain Investor Behaviour? Real-World Evidence from the Cryptocurrency Market

 

Rongxin Chen

(University of Southampton), Chung-Ching Tai (University of Southampton), Gabriele Lepori (University of Southampton), Ming-Chien Sung (University of Southampton)

 

Discussant:

Xiaozhou Zhou

(University of Quebec at Montreal)

 

PDF

 

 

Evolution of Investor Sentiment: a Systematic Literature Review and Bibliometric Analysis

 

Nhan Huynh

(Department of Applied Finance, Macquarie Business School, Macquarie University, Australia)

 

Discussant:

Rongxin Chen

(University of Southampton)

 

PDF

 

 

The Impact of Financial Literacy and Personality Traits on Financial Behaviour

Ana Isabel Araújo (University of Minho),

Cristiana Cerqueira Leal

(NIPE & EEG, University of Minho)

 

Discussant:

Nhan Huynh

(Macquarie University)

 

PDF

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Session E3: Risk and Asset Pricing

Session Chair:

Yancheng Qiu

(Hong Kong University of Science and Technology)

 

 

 

Foreign Debt and Risk Premium: Evidence from Firm-Level Data in 64 Countries

 

Yancheng Qiu

(Hong Kong University of Science and Technology)

 

Discussant:

Roberto Soares Júnior

(Regional University of Blumenau – FURB)

 

PDF

 

 

Risk and Risk-Reward in Finance Theory. the Nobel Prize Lecture by Merton H. Miller – 30 Years Later.

 

Tomasz Berent

(Warsaw School of Economics, Poland)

 

Discussant:

Yancheng Qiu

(Hong Kong University of Science and Technology)

 

PDF

 

 

Asset Prices when Large Investors Interact Strategically

 

Giuliano Curatola

(University of Siena)

 

Discussant:

Tomasz Berent

(Warsaw School of Economics)

 

PDF

 

 

The Influence of the Dynamic Structure of Capital on the Economic Performance of the European and Brazilian Companies Listed on Stock Market

Tarcisio da Silva (Regional University of Blumenau – FURB – SC/Brazil),

Roberto Soares Júnior

(Regional University of Blumenau – FURB/Brazil), Maycon da Rosa (NA), Michael Silva (Regional University of Blumenau – FURB/Brazil)

 

Discussant:

Giuliano Curatola

(University of Siena)

 

PDF

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Session E4: Banking II

Session Chair:

Bjarne Astrup Jensen

(Copenhagen Business School)

 

 

 

Forecasting Crash Risk in U.s. Bank Returns - the Role of Credit Booms

 

Marius Mihai

(Widener University), Iqbal Mansur (Widener University)

 

Discussant:

Filipe Correia

(University of Georgia)

 

PDF

 

 

Mandatory Pension Saving and Homeownership

 

Bjarne Astrup Jensen

(Universität Konstanz and Copenhagen Business School),

Bjarne Astrup Jensen

(Copenhagen Business School), Marlene Koch (Universität Konstanz)

 

Discussant:

Marius Mihai

(Widener University)

 

PDF

 

 

Technology Use, Performance and Profitability in the South Asian Banking Sector: Partial Least Squares Analysis

 

Piyadasa Edirisuriya

(Monash University)

 

Discussant:

Bjarne Astrup Jensen

(Copenhagen Business School)

 

PDF

 

 

The Online Payday Loan Premium

 

Filipe Correia

(University of Georgia), Peter Han (University of Illinois), Jialan Wang (University of Illinois)

 

Discussant:

Piyadasa Edirisuriya

(Monash University)

 

PDF

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Session E5: Corporate Governance and Shareholder Activism

Session Chair:

Wolfgang Bessler

(University of Hamburg)

 

 

 

Do Registered Investment Funds Undermine Shareholder Activism? Evidence from Hedge Fund Proposals

Gilberto Loureito (Associate Professor of Finance, University of Minho & NIPE),

Cesar Mendonça

(Ph.D. candidate, University of Minho & NIPE)

 

Discussant:

Wolfgang Bessler

(University of Hamburg)

 

PDF

 

 

Impact of Bottom-Up Internal Governance on Risk-Taking and Corporate Decisions

Md Raihan Uddin Chowdhury (The University of Texas at El Paso),

Feixue Xie

(The University of Texas at El Paso)

 

Discussant:

Marlla Feitosa

(Universidade do Vale do Rio dos Sinos)

 

PDF

 

 

Corporate Control and Shareholder Activism in Germany: an Empirical Analysis of Hedge Fund Strategies

 

Wolfgang Bessler

(University of Hamburg)

 

Discussant:

Feixue Xie

(The University of Texas at El Paso)

 

PDF

 

 

Corruption as Institutional Fragility and Foreign Direct Investment a Study in Developing Countries

 

Marlla Feitosa

(Universidade Federal do Sul e Sudeste do Pará (UNIFESSPA)), Clea Beatriz Macagnam (Universidade do Vale do Rio dos Sinos), Caroline Orth (Universidade Federal do Rio Grande do Sul (UFRGS)), Fabiano Simões Coelho (Universidade do Vale do Rio dos Sinos)

 

Discussant:

Cesar Mendonça

(University of Minho)

 

PDF

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Session F1: Corporate Social Responsibility/ESG

Session Chair:

Florinda Silva

(University of Minho)

 

 

 

In Search of Inclusive Esg Ratings: Solving the Csr-Financial Performance Link

Pablo Vilas (University of Zaragoza), Laura Andreu (University of Zaragoza),

José L. Sarto

(University of Zaragoza)

 

Discussant:

Helen Popper

(Santa Clara University)

 

PDF

 

 

Disagreement in Mutual Fund Sustainability Labelling

Sofia Brito-Ramos (ESSEC Business School, France), Maria Ceu Cortez (NIPE - School of Economics and Management, University of Minho),

Florinda Silva

(NIPE - School of Economics and Management, University of Minho)

 

Discussant:

José L. Sarto

(University of Zaragoza)

 

PDF

 

 

Effects of Corporate Social Responsibility on Firms’ Capital Structure Choice

 

Ana Vinhas

(Universidade Aveiro), Mara Madaleno (Universidade de Aveiro and GOVCOPP)

 

Discussant:

Florinda Silva

(University of Minho)

 

PDF

 

 

Climate Change Salience and International Equity Returns

David Climate Change Salience and International Equity Returns (Vanderbilt University),

Helen Popper

(Santa Clara University)

 

Discussant:

Ana Vinhas

(Universidade Aveiro)

 

PDF

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Session F2: Empirical Finance

Session Chair:

Atreya Dey

(University of Edinburgh Business School)

 

 

 

What Is the Role of Finance and Productivity for Sme Growth?

 

Zélia Serrasqueiro

(University of Beira Interior), Beatriz Pinto (University of Beira Interior), Filipe Sardo (University of Beira Interior)

 

Discussant:

Rogerio Adelino

(Universidade Mackenzie)

 

PDF

 

 

Non-Financial Information, Financial Analysts’ Industrial Expertise, and Target Price Accuracy

Alain Schatt (HEC Lausanne),

Adam Aoun

(EHL Hospitality Business School Singapore), Michel DUBOIS (University of Neuchâtel)

 

Discussant:

Zélia Serrasqueiro

(University of Beira Interior)

 

PDF

 

 

Surging Sovereign Spreads: the Impact of Rising Seas on Sovereign Risk

 

Atreya Dey

(University of Edinburgh Business School)

 

Discussant:

Adam Aoun

(EHL Hospitality Business School)

 

PDF

 

 

Arbitrage Implications in Pricing of Volatility Futures

 

Rogerio Adelino

(Universidade Mackenzie), Leonardo Cruz Basso (Universidade Mackenzie), Eli Haddad Jr (Universidade Mackenzie)

 

Discussant:

Atreya Dey

(University of Edinburgh Business School)

 

PDF

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Session F3: Accounting and Finance

Session Chair:

Arnold Cowan

(Iowa State University)

 

 

 

Earnings Manipulation and Ifrs-Adoption in South Africa

 

Joseph Akande

(Department of Accounting Science, Walter Sisulu University), Adedeji Gbadebo (Department of Accounting Science, Walter Sisulu University), Oluwatobi Adekunle (Department of Accounting Science, Walter Sisulu University)

 

Discussant:

Eli Hadad Junior

(Universidade Presbiteriana Mackenzie)

 

PDF

 

 

Does Writing down Goodwill Imperil a Ceo’s Job?

 

Arnold Cowan

(Iowa State University), Cynthia Jeffrey (Iowa State University), Qian Wang (Iowa State University)

 

Discussant:

Joseph Akande

(Walter Sisulu University)

 

PDF

 

 

Evaluating Brazilian Companies in the Electricity Sector, from the Perspective of Fundamental Analysis, Using Methods of Multicriteria Decision Support.

 

Felipe Fortuna Lucas

(All Investimentos – XP Investimentos), Carlos Francisco Simões Gomes (Federal Fluminense University), Marcos dos Santos (Military Engineering Institute), Solange Fortuna Lucas (Brazilian Institute of Geography and Statistics)

 

Discussant:

Arnold Cowan

(Iowa State University)

 

PDF

 

 

Economic-Financial Performance of Sugar-Energy Companies in the South-Central Region of Brazil

 

Eli Hadad Junior

(Universidade Presbiteriana Mackenzie), Lucas Iugas Correa (NA), Ana Lucia Fontes de Souza Vasconcelos (Universidade Presbiteriana Mackenzie), Paola Richter Londero (Serviço Nacional de Aprendizagem do Cooperativismo no Estado de São Paulo)

 

Discussant:

Felipe Fortuna Lucas

(Brazilian Institute of Geography and Statistics)

 

PDF

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Session F4: Empirical Asset Pricing

Session Chair:

Ian Cooper

(London Business School)

 

 

 

Fund Trading Divergence and Performance Contribution

 

Ruth Gimeno

(Accounting and Finance Department and Institute of Research in Employment, Digital Society and Sustainability, University of Zaragoza), Laura Andreu (Accounting and Finance Department and Institute of Research in Employment, Digital Society and Sustainability, University of Zaragoza), José Luis Sarto (Accounting and Finance Department and Institute of Research in Employment, Digital Society and Sustainability, University of Zaragoza)

 

Discussant:

Peter Lerner

(Anglo-American University)

 

PDF

 

 

Foreign Bias in Equity Portfolios: Informational Advantage or Familiarity Bias?

Martijn Boermans (De Nederlandsche Bank),

Ian Cooper

(London Business School), Piet Sercu (KU Leuven), Rosanne Vanpee (KU Leuven)

 

Discussant:

Ruth Gimeno

(University of Zaragoza)

 

PDF

 

 

Securities Lending and Trading by Active and Passive Funds

 

Pekka Honkanen

(Terry College of Business, University of Georgia)

 

Discussant:

Ian Cooper

(London Business School)

 

PDF

 

 

The Market Drives Etfs or Etfs the Market: Causality Without Granger

 

Peter Lerner

(Anglo-American University, Prague)

 

Discussant:

Pekka Honkanen

(University of Georgia)

 

PDF

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