2023 Conference

Aurora Lecture Theatre 101 – IMAS Salamanca

Seaweed (Rori) Seminar Room 105 – IMAS Salamanca

Managing for ESG Outcomes

Session Chair: Ellie Chapple, Queensland University of Technology

Is Esg A Managerial Style?

Tianyu Cai, UNSW Sydney

Leo Liu, University of Technology Sydney

Jason Zein, UNSW Sydney

Hao Zhang, UNSW Sydney

Discussant: Xiaoyang Li, Deakin University

The Cost of Being Green: How ESG Ratings Affect a Firm’s Cost of Equity

Alessio Galluzzi, The University of Sydney

Fergus O’Donnell, Azure Capital

Reuben Segara, The University of Sydney

Discussant:

Managerial Overconfidence and Corporate Environmental, Social, and Governance (esg) Performance: International Evidence

Ayobolawole Ogundipe, University of Tasmania

Discussant: Mandeep Singh, The University of Sydney

Volatility and Trading

Session Chair: Andrea Lu, The University of Melbourne

Do Common Measures of Stock Market Volatility Risks Have The Same Price?
Guanglian Hu, The University of Sydney

Discussant: Arseny Gorbenko, Monash University
The Rise of Accruals Seasonality Spread

Siu Kai Choy, King’s College London

Gerald Lobo, University of Houston

Yongxian Tan, Curtin University

Discussant: Ivan Indriawan, The University of Adelaide

The Global Implied Volatility Surface, Convexity, and Equity Premium Predictability

Adlai Fisher, University of British Columbia

Terry Zhang, The Australian National University

Discussant: Philip Gharghori, Monash University

 Morning Tea

Aurora Lecture Theatre 101 – IMAS Salamanca

Seaweed (Rori) Seminar Room 105– IMAS Salamanca

Avoiding Losers

Session Chair: Chelsea Liu, The University of Adelaide

The Effect of Ceo Climate Awareness On Corporate Emissions

Yuyang Zhang, The University of Melbourne

Discussant: Zhaoxia Xu, UNSW Sydney

Moving Beyond Traditional Esg Scores: Unlocking The Power of News and Social Media For Esg Investing

Ellenora Webster, University of Technology Sydney

Vitali Alexeev, University of Technology Sydney

Gerhard Hambush, University of Technology Sydney

Discussant: Chelsea Liu, University of Adelaide

Carbon Emissions and Inventor Mobility

Sana Ejaz (Unable to attend)

Getting Sentimental

Session Chair: Andrea Lu, University of Melbourne

A Critique of Photo-Based Sentiment Metric

Tiancheng Lan, Curtin University

Robert Durand, Curtin University

Yixuan Rui, Curtin University

John Gould, Curtin University

Discussant: Terry Zhang, Australian National University

Emotions drive actions: Sentiment and cryptocurrency market reactions to macroeconomic news?

Nhan Huynh, Macquarie University

Discussant: Andrea Lu, University of Melbourne

Firm Attention to Retail Investors

Alexandre Jeanneret, UNSW Sydney

Tianyi Lu, UNSW Sydney

Wenjin Tang, Beihang University

Discussant: Kenny Phua, University of Technology Sydney

 Lunch

Aurora Lecture Theatre 101 – IMAS Salamanca

Seaweed (Rori) Seminar Room 105– IMAS Salamanca

Questionable Behaviours

Session Chair: Jacquelyn Humphrey, The University of Queensland

Ceo Inside Debt and Corporate Misconduct

Yun Feng, The University of Adelaide

Chelsea Liu, The University of Adelaide

Alfred Yawson, The University of Adelaide

Discussant: Cara Vansteenkiste, UNSW Sydney

How Does Corruption Culture Affect Financial Professionals? Evidence From Financial Advisor

Xin Xu, Sun Yat-sen University

Zhe An, Monash University

Chen Chen, Monash University

Discussant: Lucie Lu, The University of Melbourne

Firm Inflexibility and Corporate Tax Avoidance

Xiaohu Deng, UNSW Sydney

Fariz Huseynov, North Dakota State University

Sabuhi Sardarli, Kansas State University

Chao Zhou, University of Tasmania

Discussant: Raphael Park, University of Technology Sydney

Bonds

Session Chair: Xiaolu Hu, RMIT University

Bond Ownership Concentration

Eduard Inozemtsev, The University of Melbourne

Discussant: Pramod Yadav, The University of Sydney

Machine Learning In Corporate Bonds: Evidence From China

Yiwen Fang, RMIT University

Xiaolu Hu, RMIT University

Angel Zhong, RMIT University

Youdan Cao, CITIC Securities Co., Ltd

Discussant: Kenny Phua, University of Technology Sydney

Going For Broke: Underwriter Reputation and The Performance of Mortgage-Backed Securities

Abe De Jong, Monash University

Tim Kooijmans, RMIT University

Peter Koudijs, Erasmus School of Economics

Discussant: Buhui Qiu, The University of Sydney

 Afternoon Tea

 Keynote Address

 Free Time

 Networking Drinks (Mary Mary)

 Women’s Breakfast (ibis Styles Hotel Hobart)

Aurora Lecture Theatre 101 – IMAS Salamanca

Seaweed (Rori) Seminar Room 105– IMAS Salamanca

Effects of Regulation

Session Chair: Chelsea Liu, The University of Adelaide

Regulation-Induced Csr

Vidhi Chhaochharia, University of Miami

Rik Sen, University of Georgia

Jing Xu, University of Technology Sydney

Discussant: Eric Tan, The University of Queensland

Every Emission You Create–every Dollar You’Ll Donate: The Effect of Regulation-Induced Pollution On Corporate Philanthropy

Seungho Choi, Queensland University of Technology

Raphael Jonghyeon Park, University of Technology Sydney Simon Xu, University of California, Berkeley

Discussant: Zhe An, Monash University

From Employee To Entrepreneur: The Role of Unemployment Risk

Aijun Hou, Stockholm University

Sara Jonsson, Stockholm University

Xiaoyang Li, Deakin University

Qinglin Ouyang, Stockholm University

Discussant: Minsu Ko, Monash University

Funds and Real Estate

Session Chair: Scott Walker, University of Technology Sydney

The Stench of Failure: How Perception Affects House Prices

Kristle Romero Cortés, UNSW Sydney

Mandeep Singh, The University of Sydney

David Solomon, Boston College

Philip Strahan, Boston College

Discussant: Yulia Merkoulova, Monash University

Short Seller Skills in the Global Context: Public News Processing and Access to Private Information

Arseny Gorbenko, Monash University

Discussant: Vitali Alexeev, University of Technology Sydney

Unwanted Attention? Negativity Bias In Mutual Fund Awards

Eric Tan, The University of Queensland

Jerry Parwada, UNSW Sydney

Discussant: Eduard Inozemtsev, The University of Melbourne

 Morning Tea

Aurora Lecture Theatre 101 – IMAS Salamanca

Seaweed (Rori) Seminar Room 105– IMAS Salamanca

International New Hires 1

Session Chair: Marco Navone, University of Technology Sydney

Minsu Ko, Monash University

Shuang Chen, The University of Melbourne

Janghoon Shon, UNSW Sydney

Yang Wang, The University of Sydney

International New Hires 2

Session Chair: Dan Daugaard, University of Tasmania

Yiliu Lu, The University of Melbourne

Weiting hu, Univesrity of Queensland

Yancheng Qiu, The University of Sydney

 Lunch

Networking Activity 1: Bonorong Wildlife Sanctuary (Buses Depart IMAS at 1:50pm)

Networking Activity 2: LARK Pontville Distillery (Buses Depart IMAS at 1:50pm)

 ECR Breakfast (Vibe Hotel Hobart)

Aurora Lecture Theatre 101 – IMAS Salamanca

Seaweed (Rori) Seminar Room 105– IMAS Salamanca

Innovation and Competition

Session Chair: Le Zhang, The Australian National University

Spiraling Downward: The Real Impacts of Public Short Campaigns On Product Innovation

Claire Liu, The University of Sydney

Angie Low, Nanyang Technological University

Talis Putnins, University of Technology Sydney

Discussant: Shuang Chen, The University of Melbourne

How Does Corporate Investment Efficiency Respond To Increased Entry Threat? Evidence From China

Xinwei Fang, Curtin University

Joye Khoo, Curtin University

Tianpei Luo, Curtin University

Shams Pathan, Curtin University

Jingru Wang, Nankai University

Discussant: Yeejin Jang, UNSW Sydney

Ceo Experience and Value Creation: Evidence From Green Lab Locations

Leo Liu, University of Technology Sydney

Elvira Sojli, UNSW Sydney

Wing Wah Tham, UNSW Sydney

Discussant: Yang Wang, The University of Sydney

Liquidity and Scams

Session Chair: Jun Yu, The University of Melbourne

On The Effects of Continuous Trading

Ivan Indriawan, The University of Adelaide

Roberto Pascual, University of the Balearic Islands

Andriy Shkilko, Wilfrid Laurier University

Discussant: Gideon Saar, Cornell University

Liquidity Provision In The Exchange Traded Fund Market

Comerton-Forde Carole, The University of Melbourne

Chenfei Sun, The University of Melbourne

Zhuo Zhong, The University of Melbourne

Discussant: Ester Felez-Vinas, University of Technology Sydney

Scam Alert: Can Cryptocurrency Scams Be Detected Early?

Nihad Aliyev, University of Technology Sydney

Inji Allahverdiyeva, University of Technology Sydney

Talis Putnins, University of Technology Sydney

Discussant: Jiri Svec, The University of Sydney

 Morning Tea

Aurora Lecture Theatre 101 – IMAS Salamanca

Seaweed (Rori) Seminar Room 105– IMAS Salamanca

Relationship Give-and-Take

Session Chair: Anna Bedford, University of Technology Sydney

Friends With Benefit Social Connection and Venture Capital Investment Efficiency

Fanqi Meng, The University of Melbourne

Linxiang Ma, The University of Melbourne

Discussant: Tim Kooijmans, RMIT

U.s. Political Corruption and Management Earnings Forecast

Hasibul Chowdhury, The University of Queensland

Ashrafee Tanvir Hossain, The University of Queensland

Wenbin Hu, The University of Queensland

Kelvin Jui Keng Tan, The University of Queensland

Discussant: Anna Bedford, University of Technology Sydney

Hiring By Donating: Campaign Contributions and Politician-Directors

Linghua Kong, The University of Sydney

Xiaoyang Li, Deakin University

Thomas To, The University of Sydney

Discussant: Rik Sen, UNSW Sydney

Shocking Financial Institutions

Session Chair: Kristle Cortes, UNSW Sydney

Local Newspaper Closures and Financial Adviser Misconduct

Jianlei Han, Macquarie University

Zheyao Pan, Macquarie University

Huixuan Zhang, Macquarie University

Discussant: Andrew An, Monash University

Endogenous Bank-Firm Matching: Time-Variation and Effects

Silvio Contessi, Monash University

Hassan Naqvi, Monash University

Eden Zhang, Monash University

Han Zhou, Monash University

Discussant: Kristle Cortes, UNSW Sydney

Rise of The Machine: Speed of Trading and Financial Contagion

Jun Liu, University of Tasmania

Vladimir Volkov, University of Tasmania

Faisal Khan, University of Tasmania

Discussant: Zhuo Zhong, University of Melbourne

 Lunch

Aurora Lecture Theatre 101 – IMAS Salamanca

Seaweed (Rori) Seminar Room 105– IMAS Salamanca

International New Hires 3

Session Chair: Elvira Sojli, UNSW Sydney

Mandeep Singh, The University of Sydney

Michele Garagnani, The University of Melbourne

Gabriele Lattanzio, The University of Melbourne

Yuchen Xu, UNSW Sydney

International New Hires 4

Session Chair: David Michayluk, University of Technology Sydney

Ozlem Dursun-de-Neef, Monash University

Eduard Inozemstev, The University of Melbourne

Seongjin Park, UNSW Sydney

Pramod Yadav, The University of Sydney

 Free Time

 Drinks (The Henry Jones Art Hotel – The Jones & Co. Room)

 Conference Gala Dinner (The Henry Jones Art Hotel – The Jones & Co. Room)

Seminar Room 206 – Media School Salamanca

Seminar Room 205 – Media School Salamanca

Lenders and Lending

Session Chair: Kristle Romero Cortés, UNSW Sydney

Do Moral Norms Matter In Peer-To-Peer Lending? Evidence From Local Confucian Culture

Jianwen Li, Shandong University

Bo Zhang, Shandong University

Le Zhang, The Australian National University

Wenrui Zhang, The Chinese University of Hong Kong

Discussant: Alessio Galluzzi, The University of Sydney

Lone (loan) Wolf Pack Risk

Mingze Gao, The University of Sydney

Iftekhar Hasan, The University of Sydney

Buhui Qiu, The University of Sydney

Eliza Wu, The University of Sydney

Discussant: Özlem Dursun-de Neef, Monash University

Anomalous Lending and Bank Risks

Mingze Gao, The University of Sydney

Iftekhar Hasan, Fordham University

Buhui Qiu, The University of Sydney

Eliza Wu, The University of Sydney

Yan Yu, University of Cincinnati

Discussant: Seongjin Park, UNSW Sydney

Emotions in Finance

Session Chair: Amy Kwan, UNSW Sydney

Does Time Heal All Wounds? Psychological Responses To Trauma and Financial Risk-Taking

Haiying Yin, Monash University

Yushui Shi, Monash University

Chris Veld, Monash University

Discussant: Xiaolu Hu, RMIT University

Sunshine Exposure and Insider Trading

Domenic McEwan, The University of Queensland

Allan Hodgson, University of Queenslan

Hasibul Chowdhury, The University of Queensland

Shofiqur Rahman, New Mexico State University

Discussant: Yongxian Tan, Curtin University

Fuelling Hope: What Drives Donations To Ukraine?

Marta Khomyn, The University of Adelaide

Arturs Nikitins, Stockholm School of Economics in Riga

Tatsiana Paulovskaya, Stockholm School of Economics in Riga

Discussant: Michele Garagnani, The University of Melbourne

 Morning Tea

Seminar Room 206 – Media School Salamanca

Seminar Room 205 – Media School Salamanca

Issues in Corporate Finance

Session Chair: Hedieh Rashidi Ranjbar, The University of Melbourne

Safety First! Overconfident Ceos and Reduced Workplace Accidents

Suman Banerjee, Stevens Institute of Technology

Mark Humphery-Jenner, UNSW Business School

Pawan Jain, West Virginia University

VIkram Nanda, University of Texas – Dallas

Discussant: Gabriele Lattanzio, The University of Melbourne

Product Market Competition and Convertible Debt Financing

Cheng Lei, Monash University

Evgeny Lyandres, Tel Aviv University and Monash University

Chris Veld, Monash University

Ying Xia, Monash University

Discussant: Janghoon Shon, UNSW Sydney

Are Interlocked Directors Effective Monitors? Evidence From Stock Price Crash Risk.

Mohammed Abdullah Al Mamun, The Australian National University

Van Le, The University of Newcastle

Doowon Lee, The University of Sydney

Abul Shamsuddin, The University of Newcastle

Discussant: Mingze Gao, The University of Sydney

COVID-19

Session Chair: Robert Durand, Curtin University

Covid-19 Pandemic and End-of-Day Market Manipulation

Hung Manh Duong, University of South Australia

Chandrasekhar Krishnamurti, University of South Australia

Priyantha Mudalige, University of New England

Simon Sun, University of South Australia

Discussant: Marta Khomyn, The University of Adelaide

How Did Covid-19 Affect Stock Market Expectations?

Yulia Merkoulova, Monash University

Chris Veld, Monash University

Discussant: Wing Wah Tham, UNSW Sydney

Endogenous Corporate Disclosure During The Covid-19 Lockdown

Yeejin Jang, UNSW Sydney

Taehyun Kim, Chung-Ang University

Jongsub Lee, Seoul National University (SNU) Business School

Discussant: Claire Liu, The University of Sydney

 Lunch