2024 New Zealand Finance Meeting Programme

Day 1

Thursday, 5 December 2024

10:00-10:30

Welcome and registration

WZ Atrium

10:30-12:00

Stream A

Session: A1

Asset pricing

10:30-12:00
WZ501

Chair:

Ville Rantala, University of Miami

Paper:

The Pricing of Liquidity Factors

Authors:

Sanghyun Hong, University of Canterbury

Kee H. Chung, State University of New York

Discussant:

Thanh Vu, University of Auckland

Paper:

Selection Neglect and the Cross-Section of Wine Returns

Authors:

Robbe Van Tillo, KU Leuven

Gertjan Verdickt, University of Auckland

Discussant:

Ville Rantala, University of Miami

Paper:

Global Fund Flows: What They Reveal About Global Factors

Authors:

Thanh D. Huynh, Monash University

Hieu Quang Nguyen, Macquarie University

Anh V. Pham, Royal Melbourne Institute of Technology University

Discussant:

Xiaopeng Wei, University of Adelaide

Session: A2

Corporate engagement and investor relations

10:30-12:00
WZ502 & 503

Chair:

James Cummings, University of Sydney

Paper:

Impact of Additional Equity Capital on Bank Funding Costs: Australian Evidence

Authors:

James Cummings, University of Sydney

Linh Nguyen, World Bank

Discussant:

Andre Poyser, University of Otago

Paper:

Say on Corporate Donations: Evidence from the UK

Authors:

Yerzhan Tokbolat, Queen's University Belfast

Discussant:

Xiaona Ji, Macquarie University

Paper:

Firm Attention to Retail Investors

Authors:

Alexandre Jeanneret, University of New South Wales

Tianyi Lu, University of New South Wales

Wenjin Tang, Beihang University

Discussant:

James Cummings, University of Sydney

Session: A3

Debt financing

10:30-12:00
WZ519

Chair:

Hardjo Koerniadi, Auckland University of Technology

Paper:

Credit Relationships and Dynamic Credit Constraints

Authors:

Jingfeng Zhang, London School of Economics and Political Science

Discussant:

Daxuan Cheng, Macquarie University

Paper:

Antitakeover Provisions and Debt Maturity Structure

Authors:

Lorenzo Casavecchia, University of Technology Sydney

Hardy Hulley, University of Technology Sydney

Shu Yang, University of Technology Sydney

Discussant:

Hardjo Koerniadi, Auckland University of Technology

Paper:

Can Trust Enhance Credit Rating Accuracy?

Authors:

Yu Su, Monash University

Discussant:

Hardy Hulley, University of Technology Sydney

Session: A4

Personal finance

10:30-12:00
WZ514

Chair:

Joshua Shemesh, Monash University

Paper:

Consumption out of Investment Proceeds under Limited Attention

Authors:

Guodong Chen, New York University Shanghai

Yiqing Lv, New York University Shanghai

Xiaomeng Lu, Fudan University

Michaela Pagel, Washington University in St. Louis

Discussant:

Joshua Shemesh, Monash University

Paper:

Present Bias, Self-Control, and Financial Fragility

Authors:

Thomas Hendry, Griffith University

Discussant:

Thomas Tony George, Pondicherry University

Paper:

The Power of Personal Control in Financial Decisions Under Risk

Authors:

Danielle Kent, University of Sydney

Discussant:

McKay Price, Lehigh University

12:00-13:00

Lunch break

WZ Atrium

13:00 - 15:00

Stream B

Session: B1

CEO characteristics

13:00 - 15:00
WZ501

Chair:

Jing-Ming (Thomas) Kuo, University of Birmingham

Paper:

Inherited Culture and Corporate Innovation

Authors:

Jianlei Han, Macquarie University

Xiaona Ji, Macquarie University

Zheyao Pan, Macquarie University

Discussant:

Bowen Wang, Massey University

Paper:

CEO Overconfidence, Corporate Digitalization, and Inventory Management

Authors:

Qingjie Du, University of Birmingham

Jing-Ming (Thomas) Kuo, University of Birmingham

Yiyuan Xu, University of Birmingham

Discussant:

Yudong Liu, University of Adelaide

Paper:

The Effect of CEO Climate Awareness on Corporate Emissions

Authors:

Yuyang Zhang, University of Melbourne

Discussant:

Jing-Ming (Thomas) Kuo, University of Birmingham

Paper:

Is ESG a managerial Style?

Authors:

Tianyu Cai, Shanghai International Studies University

Leo Liu, University of Technology Sydney

Jason Zein, University of New South Wales

Hao Zhang, University of New South Wales

Discussant:

Shuying Wu, University of Melbourne

Session: B2

Climate policies and disclosure

13:00 - 15:00
WZ502

Chair:

Ingomar Krohn, Bank of Canada

Paper:

Going Green or Greenwashing? Evidence From a Quasi-Natural Experiment of Chinese Air Quality Monitoring Network

Authors:

Ziwen Peng, Massey University

Hamish Anderson, Massey University

Jing Chi, Massey University

Jing Liao, Massey University

Discussant:

Adina Yelekenova, Monash University

Paper:

The Unseen Cost of Green Policies: The Impact of Environmental Regulation on Workplace Safety

Authors:

Ebenezer Effah, City University of Hong Kong

Yaxuan Qi, City University of Hong Kong

Rengong Zhang, City University of Hong Kong

Discussant:

Renxuan Wang, China Europe International Business School

Paper:

Soft Law, Hard Results: The Impact of Government Climate Action Plans on Investor Attention

Authors:

Chee Seng Cheong, University of Adelaide

George Mihaylov, University of Adelaide

Ralf Zurbrugg, University of Adelaide

Wei (Vivian) Li, University of Adelaide

Discussant:

Kai Huang, Massey University

Paper:

Globalization, ESG Investing and Emerging Market Cost of Capital

Authors:

Adrien Alvero, Balyasny Asset Management

Renxuan Wang, China Europe International Business School

Zheyang Zhu, Cornell University

Discussant:

Ingomar Krohn, Bank of Canada

Session: B3

Corporate risks

13:00 - 15:00
WZ503

Chair:

Sanghyun Hong, University of Canterbury

Paper:

Predicting CDS Spreads and Stock Returns with Weather Risk: A Study Utilizing NLP/LLM and AI Measures

Authors:

Yi Zhou, San Francisco State University

Discussant:

Sanghyun Hong, University of Canterbury

Paper:

Mind the Cost of Disturbance: Firm-level Supply Chain Risk and the Bank Loan Cost

Authors:

Daxuan Cheng, Macquarie University

Yin Liao, Macquarie University

Zheyao Pan, Macquarie University

Lei Gao, George Manson University

Discussant:

Jenny Ji Hyun Tak, University of New South Wales

Paper:

Geopolitical Risk and Global Systemically Important Banks’ Default Risk: Evidence from CDS Spreads

Authors:

Chandrasekhar Krishnamurti, University of South Australia

Hao Zhou, University of South Australia

Md Farhan Imtiaz, University of South Australia

Simon Cottrell, University of South Australia

Discussant:

Vladislav Pyzhov, University of Technology Sydney

Paper:

Global Insolvency and Cross-border Capital Flows

Authors:

Jenny Ji Hyun Tak, University of New South Wales

Yeejin Jang, University of New South Wales

Wei Wang, Queen's University

Discussant:

Jingfeng Zhang, London School of Economics and Political Science

Session: B4

Fund management

13:00 - 15:00
WZ514

Chair:

Cao Fang, Northeastern University

Paper:

Mutual Funds in the Age of AI

Authors:

Yiming Zhang, Hong Kong University of Science and Technology

Discussant:

Pramod Kumar Yadav, University of Sydney

Paper:

State-owned Capital Shareholding and Mutual Fund Responsible Investment: Evidence from Chinese Fund Management Companies

Authors:

Zhuang Zhuang, University of Sydney

Zhejiang Gongshang University, University of Sydney

Wei Cui, University of Sydney

Discussant:

Cao Fang, Northeastern University

Paper:

How Do Mutual Funds Respond to Salient Pollution Events?

Authors:

H. Ozlem Dursun-de Neef, Monash University

Han Zhou, Monash University

Daniel Chai, Jin Zhang, Royal Melbourne Institute of Technology

Discussant:

Hung-Neng Lai, National Central University

Paper:

Vanity in Teams

Authors:

Daniel Dorn, University of Sydney

Pramod Kumar Yadav, University of Sydney

Discussant:

Michelle Mi, University of Queensland

Session: B5

Stock return predictability

13:00 - 15:00
WZ519

Chair:

Hieu Quang Nguyen, Macquarie University

Paper:

Star Firms, Information Externalities, and Predictability

Authors:

Alok Kumar, Vidhi, University of Miami

Chhaochharia, University of Miami

Ville Rantala, University of Miami

Mehrshad Motahari, University of London

Discussant:

Gertjan Verdickt, University of Auckland

Paper:

How does Convolutional Neural Network (CNN) Predict Stock Returns?

Authors:

Qi Zeng, University of Melbourne

Stephen Dixon, University of Melbourne

Discussant:

Ruizi Hu, University of Otago

Paper:

Inflation Concerns and Stock Market Returns

Authors:

Xiaopeng Wei, University of Adelaide

Xinfeng Ruan, Xi'an Jiaotong-Liverpool University, China

Discussant:

Hieu Quang Nguyen, Macquarie University

Paper:

Lost in Translation: How Predictability Turns into Performance

Authors:

Michael Hanke, University of Liechtenstein

Lukas Salcher, University of Liechtenstein

Michael Hanke, University of Liechtenstein

Discussant:

Quoc Khanh Nguyen, University of Technology Sydney

15:00-15:15

Coffee break

WZ Atrium

15:15-16:30

Keynote: Professor Jun Pan

Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University

The Stock-Bond Correlation: A Tale of Two Days in the Treasury Bond Market

WZ416

17:15-19:15

Conference dinner

Orbit, Sky Tower

Day 2

Friday, 6 December 2024

9:00-10:15

Women in Finance Panel and Breakfast

Four Seasons, AUT Campus

10:30-12:00

Stream C and PhD student session I

Session: C1

Commodities

10:30-12:00
WZ501

Chair:

Joseph Chen, University of California, Davis

Paper:

In the Heat of The Moment, Secrets Will Out: Oil Price Uncertainty and Firm Green Innovation Disclosure

Authors:

Kai Huang, Massey University

Jing Chi, Massey University

Jing Liao, Massey University

Mui Kuen Yuen, Massey University

Discussant:

Wei (Vivian) Li, University of Adelaide

Paper:

Present Value, Commodity Prices and Exchange Rates

Authors:

Maxym Chaban, University of Saskatchewan

Discussant:

Joseph Chen, University of California, Davis

Paper:

Commodity Futures Characteristics and Asset Pricing Models

Authors:

Yiyi Qin, Southwestern University of Finance and Economics

Jun Cai, City University of Hong Kong

Jie Zhu, Shanghai University

Robert Webb, University of Virginia

Discussant:

Maxym Chaban, University of Saskatchewan

Session: C2

Corporate communication and disclosure

10:30-12:00
WZ502

Chair:

Karel Hrazdil, Simon Fraser University

Paper:

Accounting Disclosures and Stock Price Efficiency: Evidence from Mandatory IFRS Adoption

Authors:

Karel Hrazdil, Simon Fraser University

Yan Li, Trent University

Discussant:

Yerzhan Tokbolat, Queen's University Belfast

Paper:

Corporate Communications with Government Executive Officials: Evidence from the STOCK Act

Authors:

Youan Wang, Xiamen University

Zhige Yu, Xiamen University

Discussant:

Karel Hrazdil, Simon Fraser University

Paper:

Endogenous Corporate Disclosure During the COVID-19 Lockdown

Authors:

Yeejin Jang, University of New South Wales

Taehyun Kim, Chung-Ang University

Jongsub Lee, Seoul National University

Discussant:

Madhu Kalimipalli, Wilfrid Laurier University

Session: C3

Corporate innovation

10:30-12:00
WZ503

Chair:

Yahua Xu, Central University of Finance and Economics

Paper:

Managerial Myopia and Firm Innovation and Moderating Effects of the Government and Corporate Governance: Evidence from China

Authors:

Junchang Pan,Nanjing Agricultural University, Massey University

Junshi Chen, Massey University

Jing Chi, Massey University

Discussant:

Yuyang Zhang, University of Melbourne

Paper:

Distance Makes a Difference: Customer Geographic Proximity and Suppliers’ R&D Investment Intensity, Do Common Institutional Investors Play a Role?

Authors:

Bowen Wang, Massey University

Jing Liao, Massey University

Jing Chi, Massey University

Discussant:

Yu Su, Monash University

Paper:

Sports Inspiration and Inventor Productivity

Authors:

Jean Canil, University of Adelaide

Douglas Cumming, Florida Atlantic University

Yudong Liu, University of Adelaide

Chia-Feng (Jeffrey) Yu, Xi'an Jiaotong-Liverpool University

Discussant:

Prasad Hegde, Auckland University of Technology

Session: C4

Cryptocurrencies

10:30-12:00
WZ514

Chair:

Yahua Xu, Central University of Finance and Economics

Paper:

Time-Series and Cross-Sectional Momentum in the Cryptocurrency Market: A Comprehensive Analysis under Realistic Assumptions

Authors:

Chulwoo Han, Sungkyunkwan University

Jaehyun Ryu, Sungkyunkwan University

Byungguk Kang, Sungkyunkwan University

Discussant:

Yahua Xu, Central University of Finance and Economics

Paper:

Why are cryptocurrencies so Volatile?

Authors:

Quoc Khanh Nguyen, University of Technology Sydney

Discussant:

Lukas Salcher, University of Liechtenstein Quoc Khanh

Paper:

Not Too Big, Not Too Small? Towards an Optimal Tick Size

Authors:

Meiyu Wu, Macquarie University

Beihang University, Macquarie University

Sean Foley, Macquarie University

Jiri Svec, University of Sydney

Discussant:

Anirban Banerjee, Indian Institute of Management Ahmedabad

Session: S1

PhD student session I

10:30-12:00
WZ519

Chair:

Christina Atanasova, Simon Fraser University

Paper:

Proxy Contest, Interlocking Directors and Insider Trading Profitability

Authors:

Muhammad Rashed Asger, University of Queensland

Discussant:

Qing Wang, Monash University

Paper:

The Spillover Effects of Management Narratives for Seasoned Equity Issuance Decisions

Authors:

Qing Wang, Monash University

Discussant:

Qinqin Xia, Macquarie University

Paper:

Shareholder Participation and Wealth Transfer in Rights Offerings

Authors:

Qinqin Xia, Macquarie University

Discussant:

Muhammad Rashed Asger, University of Queensland

12:00-12:45

Lunch break

WZ300

12:45-14:00

Keynote: Professor Rossen Valkanov

University of California San Diego

What Drives the Volatility of Professional Stock Return Forecasts? Causal Evidence from Macro Shocks

WZ416

14:00-15:30

Stream D and PhD student session II

Session: D1

Financial inclusion

14:00-15:30
WZ501

Chair:

Yeejin Jang, University of New South Wales

Paper:

Does Borrowers’ Cultural Norms Matter in Marketplace Lending? Evidence from Local Confucianism

Authors:

Jianwen Li, Shandong University

Bo Zhang, Shandong University

Le Zhang, Australian National University

Wenrui Zhang, Colorado State University

Discussant:

Yue Fang, Zhejiang University

Paper:

The Financial Inclusion Index: Insights and Implications for G20 Countries

Authors:

Thomas Tony George, Pondicherry University

Danial Lazar, Pondicherry University

Discussant:

Yeejin Jang, University of New South Wales

Paper:

Does FinTech Improve Financial Inclusion? Evidence from Crowdfunded Microfinance Institutions

Authors:

Runtong Lin, University of Hong Kong

Tse-Chun Lin, University of Hong Kong

Discussant:

Thomas Hendry, Griffith University

Session: D2

Hedging and option pricing

14:00-15:30
WZ502

Chair:

Jose Da Fonseca, Auckland University of Technology

Paper:

Commitment is an Act: How Does Management Forecast Affect Corporate Selective Hedging?

Authors:

Abe de Jong, Monash University

Taoran Guo, Monash University

Lubna Rahman, Monash University

Discussant:

Junshi Chen, Massey University

Paper:

Option Pricing under Gram-Charlier Density

Authors:

Ruizi Hu, University of Otago

Jin E. Zhang, University of Otago

Pakorn Aschakulporn, University of Otago

Discussant:

Jose Da Fonseca, Auckland University of Technology

Paper:

Illiquidity Premium and Crypto Option Returns

Authors:

Christina Atanasova, Simon Fraser University

Terrel Miao, Simon Fraser University

Ignacio Segarra, Simon Fraser University

Tony (Tong) Sha, Simon Fraser University

Discussant:

Ni Yang, Auckland University of Technology

Session: D3

Information and investor behaviour

14:00-15:30
WZ503

Chair:

Wei Cui, University of Sydney

Paper:

Pricing Information: Evidence from Transaction-Level Data in Financial Markets

Authors:

Anirban Banerjee, Indian Institute of Management Ahmedabad

Arnab Chakrabarti, FLAME University

Anindya S. Chakrabarti, Indian Institute of Management Ahmedabad

Discussant:

Yiyi Qin, Southwestern University of Finance and Economics

Paper:

Foreign Investor Feedback Trading in an Emerging Financial Market

Authors:

Ingomar Krohn, Bank of Canada

Vladyslav Sushko, Bank for International Settlements

Witit Synsatayakul, Bank of Thailand

Discussant:

Weihan Li, University of Otago

Paper:

Passive investors, active moves: ETFs IPO participation in China

Authors:

Haiqiang Chen, Xiamen University

Xiaoqun Liu, Hainan University

Bo Ni, Xiamen University

Zhuo Zhong, University of Melbourne

Discussant:

Wei Cui, University of Sydney

Session: D4

Private equity and startups

14:00-15:30
WZ514

Chair:

Min Zhu, University of Queensland

Paper:

How Resilient are PE/VC Returns to Real Shocks?

Authors:

Michelle Xuan Mi, University of Queensland

Rumi Masih, University of Queensland

Discussant:

Tianyi Lu, University of New South Wales

Paper:

The Role of Soft Information in Crowdfunding: Evidence from Crowdsourced Data

Authors:

Yoram Bachrach, Google DeepMind

Omer Lev, Ben-Gurion University of the Negev

Joshua Shemesh, Monash University

Discussant:

Min Zhu, University of Queensland

Paper:

Startup Press Releases

Authors:

Huaizhou Li, University of New South Wales

Leo Liu, University of Technology Sydney

Peter Pham, University of Sydney

Jason Zein, University of New South Wales

Discussant:

Yiming Zhang, Hong Kong University of Science and Technology

Session: S2

PhD student session II

14:00-15:30
WZ519

Chair:

Madhu Kalimipalli, Wilfrid Laurier University

Paper:

Is the Unreal World Real? Corporate Fraud and Investment Credibility

Authors:

Xi Xu, University of Otago

Pakorn Aschakulporn, University of Otago

Jing A. Zhang, University of Otago

Discussant

Ricky Ke, University of Technology Sydney

Paper:

CEO’s Political Contribution and Rewards

Authors:

Lei Chen, University of Melbourne

Discussant

Xi Xu, University of Otago

Paper:

The Bright Side of Patron-Client Network: Evidence from Corporate Innovation

Authors:

Ricky Ke, University of Technology Sydney

Discussant

Lei Chen, University of Melbourne

15:30-16:00

Coffee Break

WZ300

16:00-17:30

Stream E and PhD student session III

Session: E1

Carbon risk and green finance

16:00-17:30
WZ501

Chair:

Ebenezer Effah, City University of Hong Kong

Paper:

Market Implications for Industry Greenness Shocks and Climate Information Transfer

Authors:

Kris Allee, University of Arkansas

Cao Fang, Northeastern University

Discussant:

Ebenezer Effah, City University of Hong Kong

Paper:

Carbon Price Volatility, Carbon Emissions and Investments

Authors:

Andre Poyser, University of Otago

Discussant:

Ziqian Li, University of Technology Sydney

Paper:

Do Carbon Emissions Affect IPO Price Formation and Aftermarket Performance?

Authors:

Hung-Neng Lai, National Central University

Cheng-Yi Shiu, National Chengchi University

Discussant:

Han Zhou, Monash University

Session: E2

Corporate finance and cost of capital

16:00-17:30
WZ502

Chair:

Xingdi Tian, Southwestern University of Finance and Economics

Paper:

Unbundling Institutions for Corporations

Authors:

Dong WookLee, Korea University

Jee-eun Lee, Korea University

Lingxia Sun, Sun Yat-sen University

Discussant:

Youan Wang, Xiamen University

Paper:

Trade Credit and Implicit Government Guarantee: Evidence from Chinese State-Owned Enterprise Defauts

Authors:

Xingdi Tian, Southwestern University of Finance and Economics

Cai Liu, Macau City University

Discussant:

Dong Wok Lee, Korea University

Paper:

Testing the Risk-Taking Hypothesis on the Cash Conversion Cycle Anomaly

Authors:

Hardjo Koerniadi, Auckland University of Technology

Discussant:

Xingdi Tian, Southwestern University of Finance and Economics

Session: E3

Housing market and finance

16:00-17:30
WZ503

Chair:

Neroli Austin, University of Michigan

Paper:

Measuring and Mitigating Racial Disparities in Large Language Model Mortgage Underwriting

Authors:

Donald E. Bowen III, Lehigh University

Luke C.D. Stein, Babson College

S. McKay Price, Lehigh University

Ke Yang, Lehigh University

Discussant:

Danielle Kent, University of Sydney

Paper:

Keeping Up with the Blackstones: Institutional Investors and Gentrification

Authors:

Neroli Austin, University of Michigan

Discussant:

Guodong Chen, New York University Shanghai

Paper:

The Impact of Assumption Financing on Housing Prices and Supply

Authors:

Antje Berndt, Australian National University

Jiayi Zheng, Australian National University

Min Zhu, University of Queensland

Discussant:

Neroli Austin, University of Michigan

Session: E4

Social media

16:00-17:30
WZ503

Chair:

Jiri Svec, University of Sydney

Paper:

Noise or Fundamentals? The Predictive Role of News and Social Media in the Crude Oil Market

Authors:

Gaoping Ma, Central University of Finance and Economics

Yahua Xu,Central University of Finance and Economics

Z. Ivy Zhou, University of Wollongong

Discussant:

Chulwoo Han, Sungkyunkwan University

Paper:

Mind the Gender Gap in Financial Socialization on Social Media:  Evidence from Twitter

Authors:

Hui Zhou,University of Auckland,

Yan Tian, University of Missouri-St Louis

Discussant:

Danjue Shang, Utah State University

Paper:

Social Media Sentiment, Investor Herding and Informational Efficiency

Authors:

Ni Yang, Auckland University of Technology

Adrian Fernandez-Perez, University College Dublin

Ivan Indriawan, University of Adelaide

Discussant:

Jiri Svec, University of Sydney

Session: S3

PhD student session III

16:00-17:30
WZ519

Chair:

Nhut (Nick) Nguyen, Auckland University of Technology

Paper:

Political Green or Market Green? Stock Purchase Preferences Among Swiss Retail Investors

Authors:

Leonie Engelhardt, University of Geneva

Discussant:

Suhee Yun, Singapore Management University

Paper:

Does Investor Overconfidence Affect a Firm’s Corporate Social Responsibility?

For full version, please contact author zan.ye@student.uq.edu.au

Authors:

Zan Ye, University of Queensland

Discussant:

Leonie Engelhardt, University of Geneva

Paper:

The Impact of ESG Disasters on Green and Brown Firms

Authors:

Suhee Yun, Singapore Management University

Discussant:

Zan Ye, University of Queensland

17:30-18:30

Networking Drinks

WZ Atrium

Day 3

Saturday, 7 December 2024

9:00-11:00

Stream F

Session: F1

Asset pricing theory

9am-11am
WZ501

Chair:

Antje Berndt, Australian National University

Paper:

Adaptive Risk Preferences: Unraveling the Impact of Monetary Policy on Output

Authors:

Antje Berndt, Australian National University

Jean Helwege, University of California, Riverside

Discussant:

Danmo Lin, Warwick University

Paper:

Asset Pricing with Affect Investing, Gambling, and Overconfidence: Theory and Evidence

Authors:

Jiang Luo, Nanyang Technological University

Shuoge Qian, Nanyang Technological University

Zheng Qiao, Xi’an Jiaotong University

Avanidhar Subrahmanyam, University of California, Los Angeles

Discussant:

Zhuo Zhong, University of Melbourne

Paper:

How Do Firms Resolve Patent Disputes? Insights from Competitive Dynamics and Market Uncertainty

Authors:

Danmo Lin, Warwick University

Du Liu, East China Normal University

A. Elizabeth Whalley, University of Warwick

Discussant:

Jiang Luo, Nanyang Technological University

Paper:

Currency Investing Throughout Recent Centuries

Authors:

Joseph S. Chen, University of California, Davis

Discussant:

Antje Berndt, Australian National University

Session: F2

Equity market volatility and liquidity

9am-11am
WZ502&503

Chair:

Stephen Dixon, University of Melbourne

Paper:

The Rare Disaster Concern Index: RIX

Authors:

Weihan Li

Jin E. Zhang, University of Otago

Xinfeng Ruan, Liverpool University

Xi'an-Jiaotong, Liverpool University

Pakorn Aschakulporn, University of Otago

Discussant:

Stephen Dixon, University of Melbourne

Paper:

ETF and Stock Price Fragility

Authors:

Beiqi Lin, University of Queensland

Shunji Mei, University of Adelaide

Kelvin Jui Keng Tan, University of Queensland

Lei Zhang, City University of Hongkong

Discussant:

Wanyi Yang, Auckland University of Technology

Paper:

Rumor and Clarification: Abnormal Volatility in the Chinese Stock Market

Authors:

Ziqian Li, University of Technology Sydney

Kathy Walsh, University of Technology Sydney

Vitali Alexeev, University of Technology Sydney

Ester Felez Vinas, University of Technology Sydney

Discussant:

Shunji Mei, University of Adelaide

Paper:

Customer Satisfaction and Stock Crash Risk

Authors:

John Byong-Tek Lee, University of Auckland

Jun Ma, University of Auckland

Dimitris Margaritis, University of Auckland

Wanyi Yang, Auckland University of Technology

Discussant:

Huaizhou Li, University of New South Wales

Session: F3

ESG events

9am-11am
WZ514

Chair:

Le Zhang, Australian National University

Paper:

Navigating ESG Storms: ESG Incidents and Earnings-based Incentives in CEO Compensation

Authors:

Yu (Flora) Kuang, University of Melbourne

Bo Qin, University of Melbourne

Shuying Wu, University of Melbourne

Discussant:

Hao Zhang, University of New South Whales

Paper:

Public Perception, Identification, and Market Impact of ESG Events

Authors:

Vladislav Pyzhov, University of Technology Sydney

Kristoffer Glover, University of Technology Sydney

Vitali Alexeev, University of Technology Sydney and University of Guelph

Discussant:

Md Farhan Imtiaz, University of South Australia

Paper:

Appointing Charity Directors in Response to ESG Incidents

Authors:

Marina Gertsberg, University of Melbourne

Hae Won (Henny) Jung, University of Melbourne

Yuyang Zhang, University of Melbourne

Discussant:

Le Zhang, Australian National University

Paper:

Post-Environmental Incident Drift and Institutional Trades: Who Benefits from Environmental Shocks?

Authors:

George Aragon, Arizona State University

George Wang, Lancaster University Management School

Chelsea Yao, Lancaster University Management School

Adina Yelekenova, Monash University

Discussant:

Ziwen Peng, Massey University

Session: F4

Labour markets

9am-11am
WZ519

Chair:

Hui Zhou, University of Auckland

Paper:

Executive Talent Allocation across Family Business Group Affiliates

Authors:

Jinzhao Du, University of New South Wales

Ronald Masulis, University of New South Wales

Peter Pham, University of Sydney

Jason Zein, University of New South Wales

Discussant:

Taoran Guo, Monash University

Paper:

Partisanship Implication of Supreme Court Ruling and Stock Market Response

Authors:

Danjue Clancey-Shang, Utah State University

Discussant:

Hui Zhou, University of Auckland

Paper:

Do Labor Unions Influence Debt Contracting? Evidence From Private and Public Debt Markets

Authors:

Madhu Kalimipalli, Wilfrid Laurier University

Si Li, Wilfrid Laurier University,

Olaleye Morohunfolu, Western University,

Buvaneshwaran Venugopal, University of Central Florida

Discussant:

Runtong Lin, University of Hong Kong

Paper:

Migration and Municipal Bond Pricing: Evidence from China’s Household Registration Reform

Authors:

Yue Fang, Zhejiang University

Zhenguo Wu, Zhejiang University

Bin Yu, Zhejiang University

Zilong Zhang, Zhejiang University

Discussant:

Jinzhao Du, University of New South Wales

11:00-11:45

Best Paper Awards Ceremony and Morning Tea

WZ Atrium

12:30-13:30

Auckland sightseeing (sailing cruise and walking tour)