Program
Hosted virtually by Gustavson School of Business, University of Victoria, 30-31 August 2021
Registration link for academic sessions: https://uvic.zoom.us/meeting/register/tZMlfu2vrDgrGt3-dhewcwxCgjdi2fVSa5Pu
Download the PDF of the full program or browse the tabs below to access the papers.
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Monday 30 August 2021 (All times are Victoria-based, PDT or UTC-7)
| 7:15 – 7:30 | Opening & Logistics |
| 7:30 – 9:00 | Session 1: Real Effects of ESG and Environmental Regulations |
| Chair | Rym AYADI (City, University London and EMEA) |
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Product Market Competition, Innovation and Environmental Regulations Rui DAI (University of Pennsylvania), Rui DUAN (WU Vienna University of Economics and Business), Lilian NG (York University) |
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| Discussant | Victor SONG (Simon Fraser University) |
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Do ESG Practices Lead to Higher Firm Productivity? Evidence from EuropeStefano PISERÁ (University of Essex and University of Udine), Luca GANDULLIA (University of Genoa) and Claudia GIRARDONE (University of Essex) |
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| Discussant | Paul SCHURE (University of Victoria) |
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Does CEO Debt-Like Compensation Mitigate Corporate Social Irresponsibility? Long CHEN (George Mason University), Guanming HE (Durham University) and Gopal V. KRISHNAN (Bentley University) |
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| Discussant | Sadok EL GHOUL (University of Alberta) |
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9:00 – 9:15 |
Networking/Break |
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9:15 – 10:15 |
Session 2: Keynote Speech |
| Chair | Basma MAJERBI (University of Victoria) |
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“Wicked Knowledge Co-Creation – An Imperative for Climate Finance Solutions.” |
| Speaker | Andrew KAROLYI (Dean, SC Johnson College of Business, Cornell University) |
| 10:15 – 10:30 | Networking/Break |
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10:30 – 12:00 |
Session 3: Lessons from Pandemics & a Look Into the Future of Climate Change |
| Chair | Christie STEPHENSON (University of British Columbia) |
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An Anatomy of FinTech Lending in China During COVID-19 Zhenyang BAO (Xiamen University) and Difang HUANG (Monash University) |
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| Discussant | Michael KING (University of Victoria) |
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Modern Pandemics: Recession and Recovery Chang MA (Fudan University), John ROGERS (Federal Reserve Board) and Sili ZHOU (Fudan University) |
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| Discussant | Merwan ENGINEER (University of Victoria) |
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Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness Patrycja KLUSAK (University of East Anglia), Matthew AGARWALA (University of Cambridge), Matt BURKE (University of East Anglia), Moritz KRAEMER (Goethe University Frankfurt) and Kamiar MOHADDES (University of Cambridge) |
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| Discussant | Elham KHERADMAND NEZHAD (University of Montreal) |
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12:00-12:30 |
Networking/ Break (open breakout rooms if people want to chat) |
Tuesday 31 August (All times are Victoria-based, PDT or UTC-7)
| 7:30 – 9:00 | Session 4: Doctoral Students’ Research in Sustainable Finance |
| Chair | Paul SCHURE (University of Victoria) |
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Pricing Climate Change Risk in Corporate Bonds Elsa ALLMAN (Baruch College) |
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| Discussant | Ryan RIORDAN (Queen’s University ) |
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The Role of ESG in Predicting Bank Financial Distress: Cross-Country Evidence Alberto CITTERIO (University of Insubria) |
| Discussant | Claudia GIRARDONE (University of Essex) |
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The Effect of ESG Disclosure on Corporate Investment Efficiency Elsa ALLMAN (Baruch College) and Joonsung WON (Baruch College) |
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| Discussant | Ke XU (University of Victoria) |
| 9:00 – 9:15 | Networking/Break |
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9:15 – 10:45 |
Session 5: Climate Change Mitigation, Management Practices & Portfolio Choice |
| Chair | Kristy FACCER (University of Victoria, Pacific Institute for Climate Solutions) |
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Do Firms Benefit from Carbon Risk Management: Evidence from the Credit Default Swaps Market Huu Nhan DUONG (Monash University), Petko S. KALEV (La Trobe University), Madhu KALIMIPALLI (Wilfrid Laurier University) and Saurabh TRIVEDI (La Trobe University) |
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| Discussant | Ines CHAIEB (University of Geneva) |
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Climate Change and Long-Horizon Portfolio Choice: Combining Theory and Empirics Mathijs COSEMANS (Erasmus University), Xander HUT (Erasmus University) and Mathijs Van Dijk (Erasmus University) |
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| Discussant | Kevin ANDREW (University of Victoria) |
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Rui DAI (University of Pennsylvania), Rui DUAN (WU Vienna University of Economics and Business), Hao LIANG (Singapore Management University) and Lilian NG (York University) |
| Discussant | Nora PANKRATZ (University of California at Los Angeles) |
| 10:45 – 11:00 | Networking/Break |
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11:00 – 12:30 |
Session 6: ESG Rating Issues in Equity Markets |
| Chair | Michael KING (University of Victoria) |
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The Salience of ESG Ratings for Stock Pricing: Evidence from (Potentially) Confused Investors Aleksandra RZEZNIK (York University), Kathleen WEISS HANLEY (Lehigh University), Loriana PELIZZON (Goethe University Frankfurt) |
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| Discussant | Vikas MEHROTRA (University of Alberta) |
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Doing Well by Doing Good? Risk, Return and Environmental and Social Ratings Sudheer CHAVA (Georgia Tech), Jeong Ho (John) KIM (Emory University) and Jaemin LEE (Emory University) |
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| Discussant | Yrjo KOSKINEN (University of Calgary) |
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Stock Price Reactions to ESG News: The Role of ESG Ratings and Disagreement George SERAFEIM (Harvard Business School) and Aaron YOON (Northwestern University) |
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| Discussant | Aymen KAROUI (Morningstar/Sustainalytics and York University) |
12:30 – 13:30 . |
Lunch Break . |
| 13:30 – 14:45 | Roundtable Discussion in Partnership with Foresight Canada: |
| (registration link: https://uvic.zoom.us/meeting/register/tZIlf–trTIuEtC2VTBJRQTK6CfrpaEsse7s | |
| FINANCING CANADIAN CLEANTECH: MATCHING GROWTH CAPITAL WITH INVESTOR DEMAND | |
| Moderator | Basma Majerbi (University of Victoria) |
| Panellists | Jeanette Jackson, CEO Foresight Cleantech Accelerator Centre |
| Christine Bergeron, President and CEO, Vancity | |
| Mike Winterfield, Founder and Managing Partner, Active Impact Investments | |
| Adam Goehner, ESG Strategy and Risk Manager, BCI | |
| With Contribution from Cleantech Innovators: | |
| Sahar Sam, Co-founder and CSO, Solaires Entreprises | |
| Ged McClean, Former Director, IESVic, University of Victoria | |
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14:45-15:00 |
Closing Remarks |