Second annual meeting of the International Society for the Advancement of Financial Economics

8:30 - 8:45 (15min)

Registration & Coffee

8th Floor

8:45 - 9:00 (15min)

Welcome and Opening Remarks

Room 28801

9:00 - 10:00 (1h)

Corporate Morality

Room 28801

Professor Iftekhar Hasan

10:00 - 10:30 (30min)

Coffee break

8th Floor

10:30 - 12:00 (1h30)

A2.1: Asset pricing, allocation, and valuation

Room 28601

Nhat-Tan Le

› Trade Size and the Changing Nature of Price Formation - Ahmad Al-Haji, Télé-université du Québec 10:30-12:00 (1h30)

› An Integral Equation Approach for the Valuation of Finite-maturity Margin Call Stock Loans - DUC THI LUU, Department of Economics, Kiel University, Fulbright University (Email: tanle@fulbright.edu.vn) - Nhat Tan Le, Fulbright University, Vietnam 10:30-12:00 (1h30)

› Identifying Factor Importance in Empirical Asset Pricing by Interpretable Machine Learning - Sampan Nettayanun, Faculty of Business, Economics and Communications, Naresuan University - Siriyos Chuthanondha, Research Department, The Stock Exchange of Thailand 10:31-12:00 (1h29)

10:30 - 12:00 (1h30)

A2.2: Behavioral and experimental finance

Room 28602

Richard Ottoo

› Investor attention and Bitcoin futures market - Zih-Ying Lin, The Department of Finance and International Busines, Fu Jen Catholic University 10:30-12:00 (1h30)

› CEO Narcissism, Board Gender Diversity, and Investment Behaviour - Adam Arian, Australian Catholic University 10:30-12:00 (1h30)

› Human Capital, Behavioral Risk, and Corporate Valuation - Richard Ottoo, Dr. Richard Ebil Ottoo, Global Association of Risk Professionals 10:30-12:00 (1h30)

› Return Seasonalities and Mispricing: Evidence from a Retail Investors Trading Dominated Market - Weifeng Hung, Feng Chia University 10:30-12:00 (1h30)

10:30 - 12:00 (1h30)

A2.3: Central banking and monetary policy

Room 28701

Frankie Chau

› Non-stationary Financial Risk Factors and Macroeconomic Vulnerability for the UK - Katalin Julianna Varga, Central Bank of Hungary/ Magyar Nemzeti Bank 10:30-12:00 (1h30)

› The impact of banking crises on industrial growth: lessons from the last 40 years - Carlos Madeira, Bank for International Settlements (BIS) and Central Bank of Chile 10:30-12:00 (1h30)

› Does Fed communication affect uncertainty and risk aversion? - Frankie Chau, Durham University Business School - Raja Shaikh, Sukkur IBA University 10:30-12:00 (1h30)

10:30 - 12:00 (1h30)

A2.4: Corporate finance and governance

Room 28702

Cheng Lee-Young

› The marriage of Fintech and ESG in investment banks. Did Covid matchmake them? - Thuy Linh Vu, ESADE Business School 10:30-12:00 (1h30)

› Cross-Border Regulatory Cooperation and Firm Cross-Listing Decisions - Bin Yang, Jinan University [Guangzhou] 10:30-12:00 (1h30)

› Insider Investment Horizon and M&A Performance - Lee-Young Cheng, National Chung Cheng University 10:30-12:00 (1h30)

10:30 - 12:00 (1h30)

A2.5: Sustainable finance, ethics, and CSR

Room 28705

Paul Momtaz

› Low-carbon Transformation and Enterprise Risk Transfer: Evidence from Listed Firms' Subsidiaries - Xiaoran Ni, Xiamen University 10:30-12:00 (1h30)

› EMNCs and Their Internationalization Dynamics: Role of Nonmarket Strategies - Muhammad Saad Baloch, University of Southampton 10:30-12:00 (1h30)

› The Green Side of Debt Heterogeneity: Evidence from Facility-Level Toxic Releases - Mohsen Saad, American University of Sharjah 10:30-12:00 (1h30)

› Cybercrime on the Ethereum Blockchain - Paul Momtaz, TUM 10:30-12:00 (1h30)

10:30 - 12:00 (1h30)

A2.6: Financial engineering and derivatives

Room 28706

Yu-Min Lian

› The price formation of GCC country iShares: the role of unsynchronized trading days between the US and the GCC markets - Nassar Al-Nassar, Qassim University [Kingdom of Saudi Arabia] 10:30-12:00 (1h30)

› Influence of Minimum Support Price on price discovery in Agricultural Futures Markets - Neeti Jain, Indian Institute of Foreign Trade 10:30-12:00 (1h30)

› Option pricing in the presence of cojumps and credit risks under regime switching - Yu-Min Lian, Fu Jen Catholic University 10:30-12:00 (1h30)

10:30 - 12:00 (1h30)

A2.7: Commodity markets

Online (Zoom)

Shanglin Lu

› Implementation of a Commodity Trading Game in Introductory Economics Courses - Serkan Karadas, University of Illinois Springfield 10:30-12:00 (1h30)

› Unveiling the linkages among mineral and renewable commodities and regional stock sectors and their portfolio implications during health and military crises - Dr. Rima Assaf, American University in Dubai 10:30-12:00 (1h30)

› Intraday Cross-sectional Momentum in Commodity Futures - Shanglin Lu, University of International Business and Economics [Beijing, China] 10:30-12:00 (1h30)

10:30 - 12:00 (1h30)

A2.8: Financial intermediation, institutions & services

Online (Zoom)

Camilo Granados

› De-risking Strategies of Defined Benefits Plans and Economic Outcome: Empirical Evidence from U.S. Firms - Jeffrey Chen, North Dakota State University 10:30-12:00 (1h30)

› Negative interest rates and shadow banking - Zixuan Dai, University of South Australia [Adelaide] 10:30-12:00 (1h30)

› Bridging the Gap - How Neo-banking as FinTech Innovation is Driving Inclusive Finance? - Morshadul Hasan, Murdoch Business School, Murdoch University, Australia 10:31-12:00 (1h29)

10:30 - 12:00 (1h30)

A2.9: Sustainable finance, ethics, and CSR

Online (Zoom)

Kwasi Boateng

› ESG investing: Systematic literature review using ADO and TCCM framework - Suzan Dsouza, American University of the Middle East 10:30-12:00 (1h30)

› Energy efficiency governance in China: An index based comprehensive evaluation - Yishuai Ren, Hunan University 10:30-12:00 (1h30)

› Socially Responsible Investment Funds: A Robust Test of Efficiency - Kwasi Boateng, University of Tasmania 10:30-12:00 (1h30)

12:00 - 13:30 (1h30)

Lunch Break

Ballroom Bld 27

13:30 - 15:00 (1h30)

B1.1: Asset pricing, allocation, and valuation

Room 28601

Jérôme Detemple

› Impact of Market State on Momentum Portfolio Risk and Performance: A Risk-based Explanation - Yi Liu, University of North Texas 13:30-15:00 (1h30)

› Salient theory and the cross-section of stock returns: The role of recency effects - Daniel Chai, RMIT University 13:30-15:00 (1h30)

› Contracting Firm Pollution - Jerome Detemple, Boston University - Questrom School of Business 13:30-15:00 (1h30)

13:30 - 15:00 (1h30)

B1.2: Corporate finance and governance

Room 28602

Viet Anh Dang

› Whistleblowing and Financial Statement Readability - Abu Amin, Central Michigan University 13:30-15:00 (1h30)

› Customer Concentration and Suppliers' Innovation Investment, Do Common Institutional Investors play a role? - Bowen Wang, Massey University 13:30-15:00 (1h30)

› Extreme weather events and the timeliness of payment in supply chains: Evidence from Hurricane Katrina - Viet Dang, University of Manchester 13:30-15:00 (1h30)

13:30 - 15:00 (1h30)

B1.3: Financial intermediation, institutions & services

Room 28701

Amine Tarazi

› Barriers to the expansion of community off-grid solar systems: Evidence from rural India - Keyur Thaker, Indian Institute of Management Indore - , University of Canberra - Himanshu Pota, UNSW Canberra 13:30-15:00 (1h30)

› Does good fund performance lead to divergence among investors' beliefs of the manager's skill ? - Zhan Yaosong, Sun Yat-Sen University 13:30-15:00 (1h30)

› Liquidity Shock and Bank Risk - Amine Tarazi, Université de Limoges, LAPE, Institut Universitaire de France 13:30-15:00 (1h30)

13:30 - 15:00 (1h30)

B1.4: Corporate finance and governance

Room 28702

Eric Brisker

› How do languages react to CDS spreads? - , Department of Business Administration, Soochow University 13:30-15:00 (1h30)

› Digital Technologies and their Differential Impact on Sustainable Innovations: Determining from Operational and Governance Perspective - YiYao Miao, Hangzhou City University - , University of Waikato [Hamilton] - ChengMing Huang, Hangzhou City University - ChengWei Zhang, John Hopkins University 13:30-15:00 (1h30)

› CEO Inside Debt and the Sell-Off Decision - Eric Brisker, University of Akron 13:30-15:00 (1h30)

13:30 - 15:00 (1h30)

B1.5: Sustainable finance, ethics, and CSR

Room 28705

Ahmed Imran Hunjra

› Unmasking Greenwashing: ESG's Impact on Chinese Stock Returns - Zhang Min, University College of Dublin 13:30-15:00 (1h30)

› Russia-Ukraine war and Corporate social responsibility: Evidence from the largest oil importers and exporters - Yishuai Ren, Hunan University 13:30-15:00 (1h30)

› Role of Energy transition and Inclusive Governance in Energy and Climate Uncertainty - Ahmed Imran Hunjra, Rabat Business School, International University of Rabat 13:30-15:00 (1h30)

13:30 - 15:00 (1h30)

B1.6: Corporate finance and governance

Online (Zoom)

Manel Allaya

› Does Business Strategy Make Firms More Resilient during COVID‒19 pandemic period? - Riadh MANITA, Associate professor, BOUbaker, Ahsana, Gull 13:30-15:00 (1h30)

› R&D background of the top management team and corporate social responsibility: Evidence from Chinese family-listed enterprises - NAJOUA ELOMMAL, ISTEC Paris 13:30-15:00 (1h30)

13:30 - 15:00 (1h30)

B1.7: Financial markets and commodity markets

Online (Zoom)

Rui-Xiang Zhai

› Heterogeneous Stock Market Impact of Russia - Ukraine War for the World's Largest Oil and Gas Companies - António Martins, Universidade da Madeira 13:30-15:00 (1h30)

› Climate policy uncertainty and the U.S. stock markets: the predictability using Particle Swarm Optimization with eXtreme Gradient Boosting - Caihao Lu, Lincoln University 13:30-15:00 (1h30)

› Financialization Effect on Dynamics of the Commodity Futures Markets across Trader Types during Market Crises - Rui-Xiang Zhai, National Kaohsiung University of Science and Technology 13:30-15:00 (1h30)

13:30 - 15:00 (1h30)

B1.8: International finance and capital markets

Online (Zoom)

Fan Shi

› Exchange rate flexibilization and macroeconomic determinants: Evidence from MENA region - Nouhaila MOUTAIB, The Higher Institute of Commerce and Business Administration 13:30-15:00 (1h30)

› Forward Premium Anomaly Resolved - Nilanjana Chakraborty, Independent researcher 13:30-15:00 (1h30)

› Shocks of International Financial Risks and Fluctuations in China's Economic Cycles - Fan Shi, Zhejiang Shuren University 13:30-15:00 (1h30)

13:30 - 15:00 (1h30)

B1.9: Quantitative finance

Online (Zoom)

Georgios Kouretas

› The Idiosyncratic Volatility Puzzle in China: A Spatial Econometric Perspective - Bo Li, Beijing International Studies University - Fengping Ma, Beijing International Studies University 13:30-15:00 (1h30)

› Operational Risk Measurement: A Novel Approach Incorporating Reputational Risk Losses - Xuting Mao, School of Economics and Management, University of Chinese Academy of Sciences - Xiaoqian Zhu, School of Economics and Management, University of Chinese Academy of Sciences 13:30-15:00 (1h30)

› Assessing Global Spillovers of Climate Risks on Stock Market Volatility - Georgios Kouretas, Athens University of Economics and Business-Dept. of Business Administration, IPAG Business School, Athens University of Economics and Business 13:30-15:00 (1h30)

15:00 - 15:30 (30min)

Coffee break

8th Floor

15:30 - 17:00 (1h30)

B2.1: Asset pricing, allocation, and valuation

Room 28601

Keith Jin Deng Chan

› Data-driven Sparse Index-tracking under Leverage Control - Chanaka Edirisinghe, Rensselaer Polytechnic Institute 15:30-17:00 (1h30)

› Geopolitical Risks and Oil Production in the Middle East and Africa: Connectedness and Predictability using Machine Learning - Anh Le, Lincoln University - Caihao Lu, Lincoln University 15:30-17:00 (1h30)

› The Double-Edged Sword of Firm's Commitment to Net Zero on the Carbon Risk Premium - Keith Jun Deng CHan, the Hong Kong University of Science and Technology 15:30-17:00 (1h30)

15:30 - 17:00 (1h30)

B2.2: Small businesses and entrepreneurship

Room 28602

In Gyun Baek

› Fueling Innovation Capabilities through Equity Financing: Does SME Trust in Venture Capitalists Matter? - Saqib Aziz, Rennes School of Business, Rennes 15:30-17:00 (1h30)

› Syndication Patterns of Venture Capital Investments - Maia Gejadze, Assistant Professor of Finance 15:30-17:00 (1h30)

› Old and New: How Do Incumbent Financial Institutions Influence Fintech Outcomes? - Wasim Ahmad, Economic Sciences 15:30-17:00 (1h30)

› Reducing Small Entities' Information Disadvantages and Patent Abandonment with Online Accessibility - In Gyun Baek, National University of Singapore 15:31-17:00 (1h29)

15:30 - 17:00 (1h30)

B2.3: Real estate finance

Room 28701

Abdullah Yavas

› Inflation Hedging: A Comparative Wavelet Quantile Correlation Analysis of Real Estate and Alternative Assets - essafi yasmine, Métis lab, EM Normandie Business School - Aya Nasreddine, University Paris-Nanterre 15:30-17:00 (1h30)

› Not all REITs are alike: Modelling the dynamic connectedness of sectoral REITs and the US yield curve - Zaghum Umar, Zayed University 15:30-17:00 (1h30)

› Understanding the Unique Regulatory Landscape of Israeli Mortgages: A Comparative Analysis with OECD Countries, Emphasizing the Risks of Variable Interest Rates for Borrowers - Yehudith Kahn, HADASSAH ACADEMIC COLLEGE 15:30-17:00 (1h30)

› Price Impact of Climate Risk on Commercial Real Estate - Abdullah Yavas, University of Wisconsin-Madison 15:30-17:00 (1h30)

15:30 - 17:00 (1h30)

B2.4: Corporate finance and governance

Room 28702

Sampan Nettayanun

› Investing in a Bigger World: the Effects of Digital Transformation - Xuankai Zhao, Central University of Finance and Economics [Beijing] 15:30-17:00 (1h30)

› Strategic Reinsurance and Explainable AI - Sampan Nettayanun, Naresuan University, Faculty of Business, Economics and Communications - Eric Brisker, The University of Akron, College of Business, Department of Finance 15:30-17:00 (1h30)

› Does the type's financial constraint affect the firm's behavior in managing its earnings? - Pradip Banerjee, Indian Institute of Management Indore 15:30-17:00 (1h30)

› Do R&D and free cash flows increase value relevance in efficient-investment firms? Study on listed companies on the Swiss Stock Exchange - Felizia Rudiawarni, Universitas Surabaya, Indonesia 15:31-17:00 (1h29)

15:30 - 17:00 (1h30)

B2.5: Sustainable finance, ethics, and CSR

Room 28705

Yuwei Liao

› Women Directors and CSR Report Assurance: An International Examination - Asad Ali Rind, South Champagne Business School 15:30-17:00 (1h30)

› Self-Determination, Competence, and Relatedness and Their Impact on Green Performance: A Theoretical Modeling Study - Chou-Kang Chiu, Chou-Kang Chiu 15:30-17:00 (1h30)

› Decarbonization Record and Green Bond Premium - Yuwei LIAO, the Hong Kong University of Science and Technology 15:30-17:00 (1h30)

15:30 - 17:00 (1h30)

B2.6: Corporate finance and governance

Online (Zoom)

Hisham Farag

› National culture and capital structure dynamics - Marco Botta, Università Cattolica del Sacro Cuore 15:30-17:00 (1h30)

› Investor Overconfidence and Corporate Leasing - Zan Ye, The University of Queensland 15:30-17:00 (1h30)

› Protecting the Vulnerable Workers: Digital Finance and Firm Employment during the COVID-19 Pandemic - Zijun Cai, School of Management, Northwestern Polytechnical University 15:30-17:00 (1h30)

› Reform or Friction? ESG disclosure regulation around the world and - Hisham Farag, University of Birmingham 15:31-17:00 (1h29)

15:30 - 17:00 (1h30)

B2.7: Financial intermediation, institutions & services

Online (Zoom)

Jonathan Lee

› Banks Stock Market Reaction to the Italian and Spanish Windfall Tax Announcement: An Event Study - António Martins, Universidade da Madeira 15:30-17:00 (1h30)

› Regulating Zombie Mortgages - Huyen Nguyen, Halle Institute for Economic Research 15:30-17:00 (1h30)

› Social capital, institutions, and financing constraints around the world - ASMA HOUCINE, Excelia Business School, France 15:30-17:00 (1h30)

15:30 - 17:00 (1h30)

B2.8: Corporate finance and governance

Online (Zoom)

Khaled Hussainey

› Does policy board independence influence ESG performance? - Md Akhtaruzzaman, Australian Catholic University - Sohel Mehedi, Australian Catholic University 15:30-17:00 (1h30)

› Effects of Corporate Governance Code on corporate governance practices and firm performance - Thai Hanh Minh, Hanoi University of Science and Technology 15:31-17:00 (1h29)

› Carbon risk and trade credit - Hamdi Ben-Nasr, Qatar University 15:32-17:00 (1h28)

› The Impact of Brexit Disclosure on Trade Credit - Khaled Hussainey, Bangor University 15:33-17:00 (1h27)

15:30 - 17:00 (1h30)

B2.9: Special Track: Fintech

Online (Zoom)

Mustafa Nourallah

› Digital finance and birth rates: Evidence from China - Junshi Chen, Massey University 15:30-17:00 (1h30)

› Corporate Governance, Bank Stability and Risk Taking in the MENA Banks - Hassan Obeid, Paris business school 15:30-17:00 (1h30)

19:00 - 22:00 (3h)

Gala Dinner & Best Paper Awards

HOLIDAY INN PATTAYA, BALLROOM 1, FLOOR M

	Mon. 08	Tue. 09	Wed. 10
08:00 09:00 10:00 11:00 12:00 13:00 14:00 15:00 16:00 17:00 18:00 19:00 20:00 21:00 22:00	Registration & Coffee 8:30 - 8:45 (15min) Registration & Coffee 8th Floor Welcome and Opening Remarks 8:45 - 9:00 (15min) Welcome and Opening Remarks Room 28801 Corporate Morality 9:00 - 10:00 (1h) Corporate Morality Room 28801 Professor Iftekhar Hasan Coffee break 10:00 - 10:30 (30min) Coffee break 8th Floor A2.1: Asset pricing, allocation, and valuation A2.2: Behavioral and experimental finance A2.3: Central banking and monetary policy A2.4: Corporate finance and governance A2.5: Sustainable finance, ethics, and CSR A2.6: Financial engineering and derivatives A2.7: Commodity markets A2.8: Financial intermediation, institutions & services A2.9: Sustainable finance, ethics, and CSR 10:30 - 12:00 (1h30) A2.1: Asset pricing, allocation, and valuation Room 28601 Nhat-Tan Le › Trade Size and the Changing Nature of Price Formation - Ahmad Al-Haji, Télé-université du Québec 10:30-12:00 (1h30) › An Integral Equation Approach for the Valuation of Finite-maturity Margin Call Stock Loans - DUC THI LUU, Department of Economics, Kiel University, Fulbright University (Email: tanle@fulbright.edu.vn) - Nhat Tan Le, Fulbright University, Vietnam 10:30-12:00 (1h30) › Identifying Factor Importance in Empirical Asset Pricing by Interpretable Machine Learning - Sampan Nettayanun, Faculty of Business, Economics and Communications, Naresuan University - Siriyos Chuthanondha, Research Department, The Stock Exchange of Thailand 10:31-12:00 (1h29) 10:30 - 12:00 (1h30) A2.2: Behavioral and experimental finance Room 28602 Richard Ottoo › Investor attention and Bitcoin futures market - Zih-Ying Lin, The Department of Finance and International Busines, Fu Jen Catholic University 10:30-12:00 (1h30) › CEO Narcissism, Board Gender Diversity, and Investment Behaviour - Adam Arian, Australian Catholic University 10:30-12:00 (1h30) › Human Capital, Behavioral Risk, and Corporate Valuation - Richard Ottoo, Dr. Richard Ebil Ottoo, Global Association of Risk Professionals 10:30-12:00 (1h30) › Return Seasonalities and Mispricing: Evidence from a Retail Investors Trading Dominated Market - Weifeng Hung, Feng Chia University 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) A2.3: Central banking and monetary policy Room 28701 Frankie Chau › Non-stationary Financial Risk Factors and Macroeconomic Vulnerability for the UK - Katalin Julianna Varga, Central Bank of Hungary/ Magyar Nemzeti Bank 10:30-12:00 (1h30) › The impact of banking crises on industrial growth: lessons from the last 40 years - Carlos Madeira, Bank for International Settlements (BIS) and Central Bank of Chile 10:30-12:00 (1h30) › Does Fed communication affect uncertainty and risk aversion? - Frankie Chau, Durham University Business School - Raja Shaikh, Sukkur IBA University 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) A2.4: Corporate finance and governance Room 28702 Cheng Lee-Young › The marriage of Fintech and ESG in investment banks. Did Covid matchmake them? - Thuy Linh Vu, ESADE Business School 10:30-12:00 (1h30) › Cross-Border Regulatory Cooperation and Firm Cross-Listing Decisions - Bin Yang, Jinan University [Guangzhou] 10:30-12:00 (1h30) › Insider Investment Horizon and M&A Performance - Lee-Young Cheng, National Chung Cheng University 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) A2.5: Sustainable finance, ethics, and CSR Room 28705 Paul Momtaz › Low-carbon Transformation and Enterprise Risk Transfer: Evidence from Listed Firms' Subsidiaries - Xiaoran Ni, Xiamen University 10:30-12:00 (1h30) › EMNCs and Their Internationalization Dynamics: Role of Nonmarket Strategies - Muhammad Saad Baloch, University of Southampton 10:30-12:00 (1h30) › The Green Side of Debt Heterogeneity: Evidence from Facility-Level Toxic Releases - Mohsen Saad, American University of Sharjah 10:30-12:00 (1h30) › Cybercrime on the Ethereum Blockchain - Paul Momtaz, TUM 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) A2.6: Financial engineering and derivatives Room 28706 Yu-Min Lian › The price formation of GCC country iShares: the role of unsynchronized trading days between the US and the GCC markets - Nassar Al-Nassar, Qassim University [Kingdom of Saudi Arabia] 10:30-12:00 (1h30) › Influence of Minimum Support Price on price discovery in Agricultural Futures Markets - Neeti Jain, Indian Institute of Foreign Trade 10:30-12:00 (1h30) › Option pricing in the presence of cojumps and credit risks under regime switching - Yu-Min Lian, Fu Jen Catholic University 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) A2.7: Commodity markets Online (Zoom) Shanglin Lu › Implementation of a Commodity Trading Game in Introductory Economics Courses - Serkan Karadas, University of Illinois Springfield 10:30-12:00 (1h30) › Unveiling the linkages among mineral and renewable commodities and regional stock sectors and their portfolio implications during health and military crises - Dr. Rima Assaf, American University in Dubai 10:30-12:00 (1h30) › Intraday Cross-sectional Momentum in Commodity Futures - Shanglin Lu, University of International Business and Economics [Beijing, China] 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) A2.8: Financial intermediation, institutions & services Online (Zoom) Camilo Granados › De-risking Strategies of Defined Benefits Plans and Economic Outcome: Empirical Evidence from U.S. Firms - Jeffrey Chen, North Dakota State University 10:30-12:00 (1h30) › Negative interest rates and shadow banking - Zixuan Dai, University of South Australia [Adelaide] 10:30-12:00 (1h30) › Bridging the Gap - How Neo-banking as FinTech Innovation is Driving Inclusive Finance? - Morshadul Hasan, Murdoch Business School, Murdoch University, Australia 10:31-12:00 (1h29) 10:30 - 12:00 (1h30) A2.9: Sustainable finance, ethics, and CSR Online (Zoom) Kwasi Boateng › ESG investing: Systematic literature review using ADO and TCCM framework - Suzan Dsouza, American University of the Middle East 10:30-12:00 (1h30) › Energy efficiency governance in China: An index based comprehensive evaluation - Yishuai Ren, Hunan University 10:30-12:00 (1h30) › Socially Responsible Investment Funds: A Robust Test of Efficiency - Kwasi Boateng, University of Tasmania 10:30-12:00 (1h30) Lunch Break 12:00 - 13:30 (1h30) Lunch Break Ballroom Bld 27 B1.1: Asset pricing, allocation, and valuation B1.2: Corporate finance and governance B1.3: Financial intermediation, institutions & services B1.4: Corporate finance and governance B1.5: Sustainable finance, ethics, and CSR B1.6: Corporate finance and governance B1.7: Financial markets and commodity markets B1.8: International finance and capital markets B1.9: Quantitative finance 13:30 - 15:00 (1h30) B1.1: Asset pricing, allocation, and valuation Room 28601 Jérôme Detemple › Impact of Market State on Momentum Portfolio Risk and Performance: A Risk-based Explanation - Yi Liu, University of North Texas 13:30-15:00 (1h30) › Salient theory and the cross-section of stock returns: The role of recency effects - Daniel Chai, RMIT University 13:30-15:00 (1h30) › Contracting Firm Pollution - Jerome Detemple, Boston University - Questrom School of Business 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) B1.2: Corporate finance and governance Room 28602 Viet Anh Dang › Whistleblowing and Financial Statement Readability - Abu Amin, Central Michigan University 13:30-15:00 (1h30) › Customer Concentration and Suppliers' Innovation Investment, Do Common Institutional Investors play a role? - Bowen Wang, Massey University 13:30-15:00 (1h30) › Extreme weather events and the timeliness of payment in supply chains: Evidence from Hurricane Katrina - Viet Dang, University of Manchester 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) B1.3: Financial intermediation, institutions & services Room 28701 Amine Tarazi › Barriers to the expansion of community off-grid solar systems: Evidence from rural India - Keyur Thaker, Indian Institute of Management Indore - , University of Canberra - Himanshu Pota, UNSW Canberra 13:30-15:00 (1h30) › Does good fund performance lead to divergence among investors' beliefs of the manager's skill ? - Zhan Yaosong, Sun Yat-Sen University 13:30-15:00 (1h30) › Liquidity Shock and Bank Risk - Amine Tarazi, Université de Limoges, LAPE, Institut Universitaire de France 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) B1.4: Corporate finance and governance Room 28702 Eric Brisker › How do languages react to CDS spreads? - , Department of Business Administration, Soochow University 13:30-15:00 (1h30) › Digital Technologies and their Differential Impact on Sustainable Innovations: Determining from Operational and Governance Perspective - YiYao Miao, Hangzhou City University - , University of Waikato [Hamilton] - ChengMing Huang, Hangzhou City University - ChengWei Zhang, John Hopkins University 13:30-15:00 (1h30) › CEO Inside Debt and the Sell-Off Decision - Eric Brisker, University of Akron 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) B1.5: Sustainable finance, ethics, and CSR Room 28705 Ahmed Imran Hunjra › Unmasking Greenwashing: ESG's Impact on Chinese Stock Returns - Zhang Min, University College of Dublin 13:30-15:00 (1h30) › Russia-Ukraine war and Corporate social responsibility: Evidence from the largest oil importers and exporters - Yishuai Ren, Hunan University 13:30-15:00 (1h30) › Role of Energy transition and Inclusive Governance in Energy and Climate Uncertainty - Ahmed Imran Hunjra, Rabat Business School, International University of Rabat 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) B1.6: Corporate finance and governance Online (Zoom) Manel Allaya › Does Business Strategy Make Firms More Resilient during COVID‒19 pandemic period? - Riadh MANITA, Associate professor, BOUbaker, Ahsana, Gull 13:30-15:00 (1h30) › R&D background of the top management team and corporate social responsibility: Evidence from Chinese family-listed enterprises - NAJOUA ELOMMAL, ISTEC Paris 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) B1.7: Financial markets and commodity markets Online (Zoom) Rui-Xiang Zhai › Heterogeneous Stock Market Impact of Russia - Ukraine War for the World's Largest Oil and Gas Companies - António Martins, Universidade da Madeira 13:30-15:00 (1h30) › Climate policy uncertainty and the U.S. stock markets: the predictability using Particle Swarm Optimization with eXtreme Gradient Boosting - Caihao Lu, Lincoln University 13:30-15:00 (1h30) › Financialization Effect on Dynamics of the Commodity Futures Markets across Trader Types during Market Crises - Rui-Xiang Zhai, National Kaohsiung University of Science and Technology 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) B1.8: International finance and capital markets Online (Zoom) Fan Shi › Exchange rate flexibilization and macroeconomic determinants: Evidence from MENA region - Nouhaila MOUTAIB, The Higher Institute of Commerce and Business Administration 13:30-15:00 (1h30) › Forward Premium Anomaly Resolved - Nilanjana Chakraborty, Independent researcher 13:30-15:00 (1h30) › Shocks of International Financial Risks and Fluctuations in China's Economic Cycles - Fan Shi, Zhejiang Shuren University 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) B1.9: Quantitative finance Online (Zoom) Georgios Kouretas › The Idiosyncratic Volatility Puzzle in China: A Spatial Econometric Perspective - Bo Li, Beijing International Studies University - Fengping Ma, Beijing International Studies University 13:30-15:00 (1h30) › Operational Risk Measurement: A Novel Approach Incorporating Reputational Risk Losses - Xuting Mao, School of Economics and Management, University of Chinese Academy of Sciences - Xiaoqian Zhu, School of Economics and Management, University of Chinese Academy of Sciences 13:30-15:00 (1h30) › Assessing Global Spillovers of Climate Risks on Stock Market Volatility - Georgios Kouretas, Athens University of Economics and Business-Dept. of Business Administration, IPAG Business School, Athens University of Economics and Business 13:30-15:00 (1h30) Coffee break 15:00 - 15:30 (30min) Coffee break 8th Floor B2.1: Asset pricing, allocation, and valuation B2.2: Small businesses and entrepreneurship B2.3: Real estate finance B2.4: Corporate finance and governance B2.5: Sustainable finance, ethics, and CSR B2.6: Corporate finance and governance B2.7: Financial intermediation, institutions & services B2.8: Corporate finance and governance B2.9: Special Track: Fintech 15:30 - 17:00 (1h30) B2.1: Asset pricing, allocation, and valuation Room 28601 Keith Jin Deng Chan › Data-driven Sparse Index-tracking under Leverage Control - Chanaka Edirisinghe, Rensselaer Polytechnic Institute 15:30-17:00 (1h30) › Geopolitical Risks and Oil Production in the Middle East and Africa: Connectedness and Predictability using Machine Learning - Anh Le, Lincoln University - Caihao Lu, Lincoln University 15:30-17:00 (1h30) › The Double-Edged Sword of Firm's Commitment to Net Zero on the Carbon Risk Premium - Keith Jun Deng CHan, the Hong Kong University of Science and Technology 15:30-17:00 (1h30) 15:30 - 17:00 (1h30) B2.2: Small businesses and entrepreneurship Room 28602 In Gyun Baek › Fueling Innovation Capabilities through Equity Financing: Does SME Trust in Venture Capitalists Matter? - Saqib Aziz, Rennes School of Business, Rennes 15:30-17:00 (1h30) › Syndication Patterns of Venture Capital Investments - Maia Gejadze, Assistant Professor of Finance 15:30-17:00 (1h30) › Old and New: How Do Incumbent Financial Institutions Influence Fintech Outcomes? - Wasim Ahmad, Economic Sciences 15:30-17:00 (1h30) › Reducing Small Entities' Information Disadvantages and Patent Abandonment with Online Accessibility - In Gyun Baek, National University of Singapore 15:31-17:00 (1h29) 15:30 - 17:00 (1h30) B2.3: Real estate finance Room 28701 Abdullah Yavas › Inflation Hedging: A Comparative Wavelet Quantile Correlation Analysis of Real Estate and Alternative Assets - essafi yasmine, Métis lab, EM Normandie Business School - Aya Nasreddine, University Paris-Nanterre 15:30-17:00 (1h30) › Not all REITs are alike: Modelling the dynamic connectedness of sectoral REITs and the US yield curve - Zaghum Umar, Zayed University 15:30-17:00 (1h30) › Understanding the Unique Regulatory Landscape of Israeli Mortgages: A Comparative Analysis with OECD Countries, Emphasizing the Risks of Variable Interest Rates for Borrowers - Yehudith Kahn, HADASSAH ACADEMIC COLLEGE 15:30-17:00 (1h30) › Price Impact of Climate Risk on Commercial Real Estate - Abdullah Yavas, University of Wisconsin-Madison 15:30-17:00 (1h30) 15:30 - 17:00 (1h30) B2.4: Corporate finance and governance Room 28702 Sampan Nettayanun › Investing in a Bigger World: the Effects of Digital Transformation - Xuankai Zhao, Central University of Finance and Economics [Beijing] 15:30-17:00 (1h30) › Strategic Reinsurance and Explainable AI - Sampan Nettayanun, Naresuan University, Faculty of Business, Economics and Communications - Eric Brisker, The University of Akron, College of Business, Department of Finance 15:30-17:00 (1h30) › Does the type's financial constraint affect the firm's behavior in managing its earnings? - Pradip Banerjee, Indian Institute of Management Indore 15:30-17:00 (1h30) › Do R&D and free cash flows increase value relevance in efficient-investment firms? Study on listed companies on the Swiss Stock Exchange - Felizia Rudiawarni, Universitas Surabaya, Indonesia 15:31-17:00 (1h29) 15:30 - 17:00 (1h30) B2.5: Sustainable finance, ethics, and CSR Room 28705 Yuwei Liao › Women Directors and CSR Report Assurance: An International Examination - Asad Ali Rind, South Champagne Business School 15:30-17:00 (1h30) › Self-Determination, Competence, and Relatedness and Their Impact on Green Performance: A Theoretical Modeling Study - Chou-Kang Chiu, Chou-Kang Chiu 15:30-17:00 (1h30) › Decarbonization Record and Green Bond Premium - Yuwei LIAO, the Hong Kong University of Science and Technology 15:30-17:00 (1h30) 15:30 - 17:00 (1h30) B2.6: Corporate finance and governance Online (Zoom) Hisham Farag › National culture and capital structure dynamics - Marco Botta, Università Cattolica del Sacro Cuore 15:30-17:00 (1h30) › Investor Overconfidence and Corporate Leasing - Zan Ye, The University of Queensland 15:30-17:00 (1h30) › Protecting the Vulnerable Workers: Digital Finance and Firm Employment during the COVID-19 Pandemic - Zijun Cai, School of Management, Northwestern Polytechnical University 15:30-17:00 (1h30) › Reform or Friction? ESG disclosure regulation around the world and - Hisham Farag, University of Birmingham 15:31-17:00 (1h29) 15:30 - 17:00 (1h30) B2.7: Financial intermediation, institutions & services Online (Zoom) Jonathan Lee › Banks Stock Market Reaction to the Italian and Spanish Windfall Tax Announcement: An Event Study - António Martins, Universidade da Madeira 15:30-17:00 (1h30) › Regulating Zombie Mortgages - Huyen Nguyen, Halle Institute for Economic Research 15:30-17:00 (1h30) › Social capital, institutions, and financing constraints around the world - ASMA HOUCINE, Excelia Business School, France 15:30-17:00 (1h30) 15:30 - 17:00 (1h30) B2.8: Corporate finance and governance Online (Zoom) Khaled Hussainey › Does policy board independence influence ESG performance? - Md Akhtaruzzaman, Australian Catholic University - Sohel Mehedi, Australian Catholic University 15:30-17:00 (1h30) › Effects of Corporate Governance Code on corporate governance practices and firm performance - Thai Hanh Minh, Hanoi University of Science and Technology 15:31-17:00 (1h29) › Carbon risk and trade credit - Hamdi Ben-Nasr, Qatar University 15:32-17:00 (1h28) › The Impact of Brexit Disclosure on Trade Credit - Khaled Hussainey, Bangor University 15:33-17:00 (1h27) 15:30 - 17:00 (1h30) B2.9: Special Track: Fintech Online (Zoom) Mustafa Nourallah › Digital finance and birth rates: Evidence from China - Junshi Chen, Massey University 15:30-17:00 (1h30) › Corporate Governance, Bank Stability and Risk Taking in the MENA Banks - Hassan Obeid, Paris business school 15:30-17:00 (1h30) Gala Dinner & Best Paper Awards 19:00 - 22:00 (3h) Gala Dinner & Best Paper Awards HOLIDAY INN PATTAYA, BALLROOM 1, FLOOR M	Registration & Coffee 8:30 - 9:00 (30min) Registration & Coffee 8th Floor Research on ESG-SDG in Banking, Finance and Economics 9:00 - 10:00 (1h) Research on ESG-SDG in Banking, Finance and Economics Room 28801 Professor Jonathan Batten Coffee break 10:00 - 10:30 (30min) Coffee break 8th Floor C2.1: Behavioral and experimental finance C2.2: Financial intermediation, institutions & services C2.3: Central banking and monetary policy C2.4: Corporate finance and governance C2.5: Sustainable finance, ethics, and CSR C2.6: Asset pricing, allocation, and valuation C2.7: ESG and Corporate Governance C2.8: Sustainable finance, ethics, and CSR 10:30 - 12:00 (1h30) C2.1: Behavioral and experimental finance Room 28601 Santiago Carbó-Valverde › Winners and losers of IPO lotteries in India - Raghupathy Madhavan Balakrishnan, Shiv Nadar University - Surya Majumdar, Shiv Nadar University 10:30-12:00 (1h30) › Herding in Investment Trusts. New Evidence Using Tick-by-Tick Data - Karthik Natashekara, Indian Institute of Management Kozhikode [Inde] 10:30-12:00 (1h30) › Cryptocurrency ownership and cognitive biases in perceived financial literacy - Santiago Carbo-Valverde, Universitat de València, FUNCAS 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) C2.2: Financial intermediation, institutions & services Room 28602 Kanis Saengchote › Volatility Transmission of Alternative Energy to U.S. financial system: A study of systemic stress and high inflation period - Syed Shams, University of Southern Queensland 10:30-12:00 (1h30) › The Impact of Green Banking Practices and Climate Change Mitigation On Banking Sector Performance - Ramsha Noor, Lahore School of Economics 10:30-12:00 (1h30) › Blockchain Banks and the Global Systematically Important Protocol (G-SIP) Framework - Kanis Saengchote, Chulalongkorn University [Bangkok] 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) C2.3: Central banking and monetary policy Room 28701 Aristeidis Samitas › The RMB/USD exchange rate : evidence from SETAR analysis - Jinzhao Chen, ESC Clermont BS, ClerMA 10:30-12:00 (1h30) › Estimating the natural rate of interest and the risk appetite in the US: An accelerating score-driven state space model - Tibor Pal, University of Salerno 10:30-12:00 (1h30) › Machine Learning Analysis of Banking Stability: Leveraging the CAMELS Framework for Global Predictions - ARISTEIDIS SAMITAS, National and Kapodistrian University of Athens 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) C2.4: Corporate finance and governance Room 28702 Natdanai Aleenajitpong › Distributional implications of corporate financing - Haris Khan, Information Technology University 10:30-12:00 (1h30) › The determinants of audit opinion in resilient firms before and after covid pandemic: the case study of Tunisian banks publishing CSR information - WISSAL BEN LETAIFA, Wissal BEN LETAIFA, essec, University of tunis - Lotfi Taleb, University of tunis 10:30-12:00 (1h30) › Initiating Electric Vehicle price index and its factors during COVID19 pandemic: Evidence from the stock exchange of Thailand - Natdanai Aleenajitpong, Kasetsart University [Bangkok, Thailand] 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) C2.5: Sustainable finance, ethics, and CSR Room 28705 Faten Moussa › The Impact of ESG on firm's performance in Malaysian non-financial listed firms: the role of board gender diversity - SHAYUTI MOHAMED ADNAN, Universiti Malaysia Terengganu, Universiti Malaysia Terengganu 10:30-12:00 (1h30) › Does the presence of foreign Institutional investors impact ESG reporting? - ARCHANA PATRO, Indian Institute of Management BodhGaya 10:30-12:00 (1h30) › Understanding CO2 Emissions Patterns, Drivers, and Policy Implications Across Sectors in the MENA Region - Faten Moussa, MSB- South Mediterranean University 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) C2.6: Asset pricing, allocation, and valuation Online (Zoom) Ting Zhang › Evaluating Hit and Runs: Resolution of Uncertainty and Investment Goals - Robinson Reyes Pena, Florida International University 10:30-12:00 (1h30) › Predicting CDS Spreads and Stock Returns with Weather Risk: A Study Utilizing NLP/LLM and AI Measures - YI ZHOU, San Francisco State University 10:30-12:00 (1h30) › Do pensions have real teeth? Evidence from the state government borrowing costs - Ting Zhang, Ting Zhang, University of Dayton 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) C2.7: ESG and Corporate Governance Online (Zoom) Sheng Dachen › ESG Fund Flows Under Shocks: Are They More Resilient Against Macro-Financial Shocks? - Yanchen WANG, Hong Kong Monetary Authority 10:30-12:00 (1h30) › Does corporate internationalization affect green innovation? Evidence from China - Xiaoyi Qu, School of Business, Guangxi University 10:30-12:00 (1h30) › The ethical issue of knowing in advance: Information asymmetry in corporate governance - Dachen Sheng, Yamanashi Gakuin University 10:30-12:00 (1h30) 10:30 - 12:00 (1h30) C2.8: Sustainable finance, ethics, and CSR Online (Zoom) Nadia Doytch › Oil price uncertainty and firm green innovation disclosure - Kai Huang, Kai Huang, Massey University 10:30-12:00 (1h30) › Contributions of scientific research and financial development on greenhouse gas emissions in ANZUS countries - Khosrul Alam, Australian Catholic University - Md Akhtaruzzaman, Australian Catholic University 10:30-12:00 (1h30) › Do Structural Transformation and ICT Development Reduce the Ecological Footprints of Nations? - Nadia Doytch, CUNY-Brooklyn College and the Graduate Center, Ateneo de Manila University School of Government, University of Economics Ho Chi Ming City 10:30-12:00 (1h30) Lunch Break 12:00 - 13:30 (1h30) Lunch Break Ballroom Bld 27 D1.1: Corporate finance and governance D1.2: Financial markets and market microstructure D1.3: Mergers and acquisitions D1.4: Corporate finance and governance D1.5: Sustainable Finance, Ethics and CSR D1.6: Asset pricing, allocation, and valuation D1.7: Financial intermediation, institutions & services D1.8: Corporate finance and governance D1.9: Sustainable finance, ethics, and CSR 13:30 - 15:00 (1h30) D1.1: Corporate finance and governance Room 28601 Pornprom Prompes › Board Co-option and Audit Quality: Evidence from US - asif saeed, University of Waikato 13:30-15:00 (1h30) › Board Governance, ESG, and Firm Value: The Mediating Effect of Short Term Financial Performance - Allan Hodgson, UQ Business School, The University of Queensland - Pornprom Prompes, Faculty of Management Sciences, Kasetsart University 13:30-15:00 (1h30) › Financial Surplus and Capital Structure Dynamics: Evidence from Indian Firms - Ajay Mishra, Vinod Gupta School of Management, IIT Kharagpur, Kharagpur WB India 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) D1.2: Financial markets and market microstructure Room 28602 Gaurav Kumar › Market reaction to Hindenburg reports: Exploring impacts and bolsters - Dharen Pandey, Magadh University 13:30-15:00 (1h30) › Understanding Risk Absorption in the Banking System: Fresh Evidence from an Emerging Market - SHIV TIWARI, PhD Scholar, Indian Institute of Technology Kanpur 13:30-15:00 (1h30) › Tokenized Bonds for Emerging Countries - MOHAMMED MUHSIN, University of Hyderabad 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) D1.3: Mergers and acquisitions Room 28701 Hao Li › Are firms favored by analysts more popular to acquirers? Evidence from China - Shan Lu, Sun Yat-Sen University 13:30-15:00 (1h30) › How Sustainability Drives Wealth in Cross-Border M&A – Evidence from BRIC - Neha Gupta, Department of Management Studies, IIT Delhi 13:30-15:00 (1h30) › The Impact of Climate Risk and Stakeholder Orientation on the Payment Method in Cross-border Mergers and Acquisitions - Hao Li, Cardiff University 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) D1.4: Corporate finance and governance Room 28702 Jeffrey Chen › Share Pledging, Firm value and Business groups - Aaishwarya Narayanan, Birla Institute of Technology and Science, Pilani, Hyderabad campus - Nivedita Sinha, Birla Institute of Technology and Science, Pilani, Hyderabad campus - Nimish Prabhune, Birla Institute of Technology and Science, Pilani, Hyderabad campus 13:30-15:00 (1h30) › Institutional Investor Trading on Yankee Bond Pricing - Jeffrey Chen, North Dakota State University 13:31-15:00 (1h29) › Dividends and Earnings in the Absence of Market Frictions - Khamis Al-Yahyaee, Department of Economics and Finance, College of Economics and Political Science, Sultan Qaboos University, Muscat University 13:32-15:00 (1h28) 13:30 - 15:00 (1h30) D1.5: Sustainable Finance, Ethics and CSR Room 28705 Waleed Alahdal › Sustainable finance and ethical considerations: The role of Islamic finance and Corporate Social Responsibility in addressing poverty and inequality. - Ayodele Akande, Qatar Foundation -Hamad Bin Khalifa University - Dalal Aassouli, Qatar Foundation -Hamad Bin Khalifa University 13:31-15:00 (1h29) › Towards the achievement of sustainable development goals: can companies achieve SDGs through the synergistic effect of ESG and audit committee expertise across 34 OECD countries. - Waleed Alahdal, Universiti Malaysia Terengganu (UMT) 13:32-15:00 (1h28) 13:30 - 15:00 (1h30) D1.6: Asset pricing, allocation, and valuation Online (Zoom) Christian Pohl › Portfolio strategy returns and macroeconomic risk factors: an empirical analysis across the world and asset classes - , Università degli Studi Roma Tre 13:30-15:00 (1h30) › Beyond the Quill: Mutual Fund Manager's Cognitive Uniqueness Drives Fund Performance - Zhuo Chen, Tianjin University 13:30-15:00 (1h30) › Is There Value Generation by Sustainability-Linked Bonds Issuances? - Christian Pohl, Technical University of Darmstadt 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) D1.7: Financial intermediation, institutions & services Online (Zoom) Phuong Le › Modeling PD-LGD Dependencies in Stress Testing: Implications for Capital Requirements under Adverse Scenarios - Edouard Pineau, Ethifinance Analytics - Phuong LE, Ethifinance Analytics 13:30-15:00 (1h30) › State Capitalism and Political Uncertainty in Banking: Empirical Evidence from Sovereign Wealth Funds - Jocelyn Grira, Athabasca University 13:32-15:00 (1h28) 13:30 - 15:00 (1h30) D1.8: Corporate finance and governance Online (Zoom) Linh Tu Ho › How do Mandatory Climate-Related Disclosures Affect Energy and Agriculture Markets? - Linh Tu Ho, Department of Financial and Business Systems, Faculty of Agribusiness & Commerce, Lincoln University, Christchurch 7647, New Zealand, Lincoln University Centre of Excellence in Transformative Agribusiness, Christchurch 7647, New Zealand 13:30-15:00 (1h30) › Boardroom Wisdom or Stagnation? Examining Board Age and Firm Performance in French Companies - Mehwish Yousaf, Université de Montpellier - Pascal Nguyen, Université de Montpellier 13:30-15:00 (1h30) › CEO Power, Regulatory Quality, and Investment-Cash flow Sensitivity - Noor ul Qayyum, Montpellier Research in Management - Pascal Nguyen, Mémoires - Montpellier Management (MOMA) 13:30-15:00 (1h30) 13:30 - 15:00 (1h30) D1.9: Sustainable finance, ethics, and CSR Online (Zoom) Malgorzata Iwanicz-Drozdowska › How executives treat target CSR commitment during M&A deals? - Mohamed Firas THRAYA, IDRAC 13:30-15:00 (1h30) › ESG performance and economic growth in Europe - Malgorzata Iwanicz-Drozdowska, SGH Warsaw School of Economics, SGH Warsaw School of Economics 13:30-15:00 (1h30) › Sustainability-Forward-Looking Disclosure and Stock Liquidity: A European Investigation - imen derouiche, University of Luxembourg 13:30-15:00 (1h30) Coffee break 15:00 - 15:30 (30min) Coffee break 8th Floor D2.1: Corporate Finance & Governance D2.2: Cryptocurrency and NFTs D2.3: Special Track: Fintech D2.4: Corporate Finance and Governance D2.5: Behavioral and experimental finance D2.6: Corporate Finance and Governance D2.7: Sustainable finance, ethics, and CSR D2.8: Corporate finance and governance D2.9: Sustainability and investments 15:30 - 17:00 (1h30) D2.1: Corporate Finance & Governance Room 28601 A. Can Inci › The Impact of Digital Transformation on Financial Constraints：Do cost leadership strategy and managerial ownership matter？ - Xin Liu, Hebei University of Technology School of Economics and Management 15:30-17:00 (1h30) › Does VAT amplify the impact of oil price risk on corporate cash holdings? Evidence from the UAE market - Mohammad Al-Shboul, University of Sharjah - Ghada Almaazmi, University of Sharjah 15:31-17:00 (1h29) › CEO General Ability and the Takeover Market - A. Can Inci, Bryant University 15:32-17:00 (1h28) 15:30 - 17:00 (1h30) D2.2: Cryptocurrency and NFTs Room 28602 Barbara Będowska-Sójka › Asymmetric time-frequency relationship between climate risk and real estate tokens - Tiwari Aviral Kumar, Indian Institute of Management Bodh Gaya, Bodh Gaya, India - Kyophilavong Phouphet, National University of Laos 15:30-17:00 (1h30) › Asymmetric Impact of Cryptocurrencies Price Shocks on Stock Markets in GCC Countries: An Evidence from Nonlinear Autoregressive Distributed Lag Model - Al-Anzi Fawaz, Computer Engineering Department, Kuwait University - Sarah Al-Anzi, Abdullah Al Salem University 15:30-17:00 (1h30) › Interaction Effects in the Cross-Section of Cryptocurrency Returns - Barbara Będowska-Sójka, Poznań University of Economics and Business 15:30-17:00 (1h30) 15:30 - 17:00 (1h30) D2.3: Special Track: Fintech Room 28701 Peter Öhman › E-Rupee Dynamics - Design and Macro Implications on the Indian Payment Ecosystems: An Overview - Sanjogita R, SP Jain Institute of Management and Research - Vidhu Shekhar, SP Jain Institute of Management and Research 15:30-17:00 (1h30) › Financial well-being and stress: What to do and what not to do Evidence from Sweden - Mustafa Nourallah, Centre for research on Economic Relations, Mid-Sweden University - Peter Öhman, Centre for research on Economic Relations, Mid-Sweden University 15:30-17:00 (1h30) › Long-term Forecasting in Asset Pricing: Machine Learning Models' Sensitivity to Macroeconomic Shifts and Firm-Specific Factors - Yihe Qian, Guangzhou City University of Technology, University of Macau 15:30-17:00 (1h30) 15:30 - 17:00 (1h30) D2.4: Corporate Finance and Governance Room 28702 Pattarake Sarajoti › Sustainable Finance for SMEs in Developing Economies: What Kind of International Capital Risk Mobilization? - Philippe Regnier, University of Applied Sciences and Arts Northwestern Switzerland 15:30-17:00 (1h30) › Unlocking Synergies: Sufficiency Economy Philosophy for Sustainability - Sirimon Treepongkaruna, The University of Western Australia, Sasin School of Management, Chulalongkorn University - Pattarake Sarajoti, Sasin School of Management, Chulalongkorn University - Veerawin Korphaibool, Sasin School of Management, Chulalongkorn University 15:30-17:00 (1h30) › Does the owner's human capital matter for corporate financing? Evidence from small and micro enterprises in China - Haizheng Li, Georgia Institute of Technology 15:30-17:00 (1h30) 15:30 - 17:00 (1h30) D2.5: Behavioral and experimental finance Room 28705 Ayobolawole Ogundipe › Economic Surprises and Institutional Herding: Evidence from Taiwan - Min-Rui Choo, Department of Finance, School of Management, Ming Chuan University 15:30-17:00 (1h30) › Composite Leading Indicator and Cryptocurrency Returns: A Three-Factor Model - Peng Sanshao, Sanshao Peng 15:30-17:00 (1h30) › Managerial overconfidence and corporate environmental, social, and governance (ESG) performance around the world - Ayobolawole Ogundipe, University of Tasmania [Hobart, Australia] 15:30-17:00 (1h30) 15:30 - 17:00 (1h30) D2.6: Corporate Finance and Governance Online (Zoom) Jun Zhou › Investments Transformation and Stock Price Behavior - JUN ZHOU, Tokyo International University 15:30-17:00 (1h30) › Firm-level Political Risk and Bankruptcy Emergence Chapter 11 - Miftah Zikri, University of Southern Queensland 15:30-17:00 (1h30) › Does Sovereign ESG Performance Shape Corporate Cash Management in Emerging Markets? - ABDULLAH AL JUGHAIMAN, King Faisal University 15:30-17:00 (1h30) 15:30 - 17:00 (1h30) D2.7: Sustainable finance, ethics, and CSR Online (Zoom) Marc Kouzez › The carbon emission reduction effects of corporate green investments: Empirical evidence from Chinese listed enterprises - Meng Wang, Nanjing University of Aeronautics and Astronautics [Nanjing] 15:30-17:00 (1h30) › Stock market reaction to COVID-19 outbreak: Evidence from ESG firms in emerging economies - Mona ElBannan, German University in Cairo 15:30-17:00 (1h30) › Climate Governance and Green Innovation in Europe: New Perspective - Mahmoud HASSAN, Borddeaux School of Economics 15:30-17:00 (1h30) 15:30 - 17:00 (1h30) D2.8: Corporate finance and governance Online (Zoom) Atta Mark Nyamekye › Corporate diversification and accounting conservatism: evidence from Japan. - Mark Nyamekye Atta, Yokohama National University 15:30-17:00 (1h30) › Russo-Ukrainian Geopolitical Tensions: An Empirical Analysis of Corporate Investment in Europe - Shan Jin, Faculty of Agribusiness and Commerce, Lincoln University - Khanh Hoang, Faculty of Agribusiness and Commerce, Lincoln University 15:30-17:00 (1h30) › Analysts' Earnings Forecast Adjustment to Firm Guidance in light of CEO Powers - Sagi Akron, The School of Business Administration, The Faculty of Social Sciences, University of Haifa 15:30-17:00 (1h30) 15:30 - 17:00 (1h30) D2.9: Sustainability and investments Online (Zoom) Takeda Fumiko & Yoshitaka Kubota › The effect of IFRS adoption on foreign investment in Japanese equity market - Fumiko Takeda, Keio Business School 15:30-17:00 (1h30) › CSR performance and family-foundation control - Diem Nguyen, Lund University, School of Economics and Management 15:30-17:00 (1h30) › Green Investments by Institutional Investors : Evidence of the Role of Governments and Markets - Chee Yoong Liew, UCSI University Malaysia 15:31-17:00 (1h29)	Conference Tour 9:00 - 12:00 (3h) Conference Tour This is a social event for conference's participants