Schedule
To view the full program, click on the day below.
Last updated: 3PM AEST | 22 April 2022
Day one
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Wednesday 20 April
All times are shown in Australian Eastern Standard Time (AEST)
8:50-9AM: W1 - Opening session, keynote presentation Wei Jiang
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Time (AEST) | Session | Session chair |
8:50AM (70 mins) | W1 - plenary Conference Opening and Welcome Keynote presentation Corporate governance meets data and technology (Zoom Meeting ID: 885 1719 6506) | Philip Gharghori, Monash University Elvira Sojli, University of New South Wales |
10 – 10:15AM | Morning break
10:15AM - 12:15PM: W2.1 - W2.9 Concurrent sessions
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10:15AM | W2.1-W2.9 Concurrent Sessions | Session chair |
10:15AM (120 mins) | W2.1 PhD Symposium 1 Cashless payment and financial inclusion (Zoom Meeting ID: 841 4340 0210) | Eliza Wu, University of Sydney |
10:15AM (120 mins) | W2.2 Accounting 1 Human capital disclosure (Zoom Meeting ID: 872 0426 4678) | Session chair |
10:15AM (120 mins) | W2.3 Corporate Finance 1 Corporate environmental policy and product market competition (Zoom Meeting ID: 821 1967 7620) | Session chair |
10:15AM (120 mins) | W2.4 Corporate Finance 2 Measuring director innate quality Directors networks and innovation herding (Zoom Meeting ID: 873 2385 0301) | Session chair |
10:15AM (120 mins) | W2.5 Corporate Finance 3 Attention to detail: Learning about mergers (Zoom Meeting ID: 876 0553 5604) | Session chair |
10:15AM (120 mins) | W2.6 Asset Pricing 1 (Zoom Meeting ID: 838 3306 5584) | Session chair |
10:15AM (120 mins) | W2.7 Behavioural Finance 1 (Zoom Meeting ID: 879 1007 5488) | Session chair |
10:15AM (120 mins) | W2.8 Asset Pricing 2 How fragile are loan mutual funds (Zoom Meeting ID: 831 4225 1505) | Session chair |
10:15AM (120 mins) | W2.9 Corporate Finance 4 Director awards and board effectiveness Health shock effects on board forbearance (Zoom Meeting ID: 882 6955 8949) | Session chair |
12:15 – 12:45pm | Lunch break
12:45 - 2:15PM: W3 Plenary panel: Environmental finance
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12:45PM | W3 Plenary panel 2: Environmental finance | Session chair |
12:45PM (90 mins) | Moderator Panelists Angela Ashton Zoe Whitton (Zoom meeting ID: 830 5503 0583) | Philip Gharghori, Monash Business School |
2:15 – 2:30PM | Afternoon break 1
2:30 - 4PM: W4.1 - W4.9 Concurrent sessions
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| W4.1-W4.9 Concurrent Sessions | Session chair |
2:30PM (90 mins) | W4.1 InSPiR2eS Global Pitching Research Competition Reporting delays and the information content of off market trades Corporate governance networks and financial performance (Zoom Meeting ID: 841 4340 0210) | Robert Faff, Bond University |
2:30PM (90 mins) | W4.2 Corporate Finance 5 Governance and financial performance of charitable foundations Individualistic CEO and corporate innovation: Evidence from U.S. frontier culture The bright side of discretion in public procurement (Zoom Meeting ID: 872 0426 4678) | Session chair |
2:30PM (90 mins) | W4.3 Corporate Finance 6 How does declining worker power affect investment sensitivity to minimum wage? Labor Reallocation Effects of Import competition: Evidence from corporate employment efficiency Rank-and-file employee stock options and workplace safety (Zoom Meeting ID: 821 1967 7620) | Session chair |
2:30PM (90 mins) | W4.4 Corporate Finance 7 Acquirers’ political connections and bargaining outcomes in corporate takeover negotiations: Evidence from antitrust reviews (Zoom Meeting ID: 873 2385 0301) | Session chair |
2:30PM (90 mins) | W4.5 Corporate Finance 8 Corporate liquidity effect of performance commitment in acquisitions (Zoom Meeting ID: 876 0553 5604) | Session chair |
2:30PM (90 mins) | W4.6 Corporate Finance 9 Efficient internal capital markets and valuation premium in business groups (Zoom Meeting ID: 838 3306 5584) | Session chair |
2:30PM (90 mins) | W4.7 Asset Pricing 3 Who trades and who provides liquidity around unscheduled corporate announcements?Samarpan Nawn, Ashok Banerjee Outperforming your peers when it matters most, or falling with style? Security concentration and performance in actively managed funds: Do fund’s liquidity and skills matter? (Zoom Meeting ID: 879 1007 5488) | Session chair: |
2:30PM (90 mins) | W4.8 Asset Pricing 4 In search of a factor model for option returns (Zoom Meeting ID: 831 4225 1505) | Session chair |
2:30PM (90 mins) | W4.9 Asset Pricing 5 The dependence asymmetry and its causes in stock markets Cross-border M&A flows, economic growth, and foreign exchange rates Surveillance of ‘overvalued’ stocks: Implementation and impact (Zoom Meeting ID: 882 6955 8949) | Session chair |
4 – 4:30PM | Afternoon break 2
4:30 - 6:30PM W5.1 - W5.10 Concurrent sessions
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4:30PM | W5.1-W5.10 Concurrent Sessions | Session chair |
4:30PM (120 mins) | W5.1 PhD Symposium 2 Blockholder and CEO Wealth-Performance Sensitivity Opioid epidemic and corporate innovation Do firms that emit more Greenhouse gases engage in real earnings management? (Zoom Meeting ID: 841 4340 0210) | Sandip Dhole, Monash University |
4:30PM (120 mins) | W5.2 PhD Symposium 3 Biased judges? Judge characteristics and bankruptcy outcomes Corporate governance networks and financial performance (Zoom Meeting ID: 872 0426 4678) | Session chair |
4:30PM (120 mins) | W5.3 PhD Symposium 4 Banks as "anchors": The role of banks in funding innovation It's not you, it's them: Industry spillovers and loan portfolio optimization (Zoom Meeting ID: 821 1967 7620) | Session chair |
4:30PM (120 mins) | W5.4 Accounting 2 P-hacking in experimental accounting studies Tax-loss harvesting with cryptocurrencies The impact of panel audit on audit quality - Evidence from the audit reform Wait, what? The consequences of not disclosing feedback-stimulating information (Zoom Meeting ID: 873 2385 0301) | Session chair |
4:30PM (120 mins) | W5.5 Asset Pricing 6 Dissecting climate risks: Are they reflected in stock prices? (Zoom Meeting ID: 876 0553 5604) | Session chair |
4:30PM (120 mins) | W5.6 Banking 1 Are post-merger special purpose acquisition companies different? (Zoom Meeting ID: 838 3306 5584) | Session chair |
4:30PM (120 mins) | W5.7 Corporate Finance 10 Families in corporate venture capital Impact investing and venture capital industry: Experimental evidence Investors’ perception of business group membership during an economic crisis: Evidence from the COVID-19 pandemic (Zoom Meeting ID: 879 1007 5488) | Session chair |
4:30PM (120 mins) | W5.8 Corporate Finance 11 Greenwashing with style: The effect of ESG-related fund name changes on fund flows Institutional investors and the governance spillovers of financial regulations: Evidence from a natural experiment Issuing bonds during the Covid-19 pandemic: is there an ESG premium? Not by whom but where: Analyst reaction to firms’ ESG Incidents (Zoom Meeting ID: 831 4225 1505) | Session chair |
4:30PM (120 mins) | W5.9 Corporate Finance 12 CEO characteristics and corporate risk-taking Evidence from emerging markets Creditor control rights and the pricing of private loans Management guidance and monetary policy transmission in the eurozone (Zoom Meeting ID: 882 6955 8949) | Session chair |
4:30PM | W5.10 Corporate Finance 13 A product-based theory of corporate social responsibility (Zoom Meeting ID: 860 4430 2058) | Session chair |
6:30PM | Day One - Close
Day two
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Thursday 21 April
All times are shown in Australian Eastern Standard Time (AEST)
9 – 10am - T1 Plenary Keynote presentation Roni Michaely
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9AM | T1 - Plenary - Keynote presentation | Session chair |
(60 mins) | Greenwashing and funds’ strategic voting on environmental (and social) issues Prof Roni Michaely (Zoom meeting ID: 840 2300 2778) | Philip Gharghori, Monash Business School |
10 – 10:15AM | Morning break 1
10:15AM – 11:45AM: T2.1 – T2.10 Concurrent sessions
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10:15AM | T2.1-2.10 Concurrent Sessions | Session chair |
10:15AM (90 mins) | T2.1 PhD Symposium 5
Feedback, flow-induced fire sales, and option returns Impacts of information frictions on local bias: Evidence from the EDGAR implementation Nature as a defense from disasters: Natural capital and municipal bond yields (Zoom Meeting ID: 872 6523 4768) | Ying Xia, Monash University
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10:15AM (90 mins) | T2.2 PhD Symposium 6
Diversification in real estate asset pricing: Evidence from listed A-REITs Foreign debt, exchange rate exposure, and corporate distress Overreaction in daily top gainers and losers: An event study analysis (Zoom Meeting ID: 870 2239 0300) | Session chair
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10:15AM (90 mins) | T2.3 Asset Pricing 7 Do common factors really explain the cross-section of stock returns? Alejandro Lopez-Lira, Nikolai Roussanov Inflation expectations and risk premia in emerging bond markets: Evidence from Mexico The conditional expected return and autocorrelation from the derivatives (Zoom Meeting ID: 858 4106 8939) | Session chair
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10:15AM (90 mins) | T2.4 Corporate Finance 14
A new variable in corporate disclosure analysis Irene Aldridge, Bojun Li New stories from old data? Evidence From a novel KLD measure of relative environmental responsibility Real effects of shareholder proposals: Innovation in the context of climate change (Zoom Meeting ID: 880 4682 9342) | Session chair
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10:15AM (90 mins) | T2.5 Corporate Finance 15
Hedge fund activism and debt maturity structure Mergers and acquisitions and debt recontracting: Evidence from bond covenants Natural disasters and firm leasing (Zoom Meeting ID: 850 6272 8915) | Session chair
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10:15AM (90 mins) | T2.6 Banking 2 A century of municipal bond financing Effect of digital credit on small business performance: Migrants versus natives Merchants of death: The effect of credit supply shocks on hospital outcomes (Zoom Meeting ID: 831 0666 6311) | Session chair |
10:15AM (90 mins) | T2.7 Corporate Finance 16 Classified boards: Endangered species or hidden in plain sight? Global board reforms and corporate acquisition performance Til death do us part: The relative merits of founder CEOs (Zoom Meeting ID: 817 6382 6971) | Session chair |
10:15AM (90 mins) | T2.8 Banking 3 Regulating financial networks: A flying blind problem Bank political attitudes and transaction costs of collective action within loan syndicates Bank specialization and the design of loan contracts (Zoom Meeting ID: 882 9205 5174) | Session chair |
10:15AM (90 mins) | T2.9 Corporate Finance 17 Driving value through corporate social responsibility: The role of foreign institutional investors Risk, return, and environmental and social ratings The mitigation of reputational risk via responsive CSR: Evidence from securities class action lawsuits (Zoom Meeting ID: 826 1825 4753) | Session chair |
10:15AM (90 mins) | T2.10 Asset Pricing 8
The value of activism: A hedge fund investor's perspective The different faces of sovereign wealth funds Doing Good and Doing It With (Investment) Style (Zoom Meeting ID: 847 9222 7341) | Session chair |
11:45AM – 12PM | Morning break 2
12 – 1:30PM: T3 Plenary Panel Digital finance
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Time (AEST) | T3 Plenary panel - Digital Finance | Session chair |
12PM (90 mins) | Talis Putnins, Professor of Finance, University of Technology Sydney Evgeny Lyandres, Professor of Finance, Tel Aviv and Monash Universities Tim Smith, Head of Growth, Tiiik Money Joseph Barbara, Senior Specialist, Market Supervision, Market Integrity Group, ASIC | Dirk Baur, University of Western Australia |
1:30 – 1:45pm | Afternoon break 1
1:45 – 3:15PM: T4.1-T4.9 Concurrent sessions
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1:45PM | T4.1-T4.9 Concurrent Sessions | Session chair |
1:45PM | T4.1 PhD Symposium 7 Entrepreneurial exits: Organisational identification and selection bias Green or Brown: Which overpriced stock to short sell? Company-level GHG emissions and an institutional investor’s active ownership objective (Zoom Meeting ID: 872 6523 4768) | Arseny Gorbenko, Monash University |
1:45PM | T4.2 PhD Symposium 8 Bank heterogeneity and economic growthJuan Ignacio Zurita | Session chair |
1:45PM | T4.3 Corporate Finance 18 Human capital efficiency, gender diversity and moderating role of workforce environment quality Labor share and corporate cash holdings (Zoom Meeting ID: 858 4106 8939) | Session chair |
1:45PM | T4.4 Corporate Finance 19 Creditor control rights and blockholder | Session chair |
1:45PM | T4.5 Corporate Finance 20 Managerial ability, COVID-19 exposure and firm performance The optimal level of business diversification: Evidence from Singapore | Session chair |
1:45PM | T4.6 Asset Pricing 9 | Session chair |
1:45PM | T4.7 Behavioural Finance 2 Individual investors’ trading behavior and gender difference in tolerance of sex crimes: Evidence from a natural experiment | Session chair |
1:45PM | T4.8 Asset Pricing 10 Navigating climate uncertainty: Clean tech vs fossil fuel ETFs Are you paying attention? Investor behavior and climate change The Paris Agreement, ESG factors, and US stock performance | Session chair |
1:45PM | T4.9 Asset Pricing 11 Shiyang Huang, Wenxi Jiang, Xiaoxi Liu, Xin Liu | Session chair |
3:15 – 3:45PM | Afternoon break 2
3:45 – 5.15PM: T5.1 - T5.9 Concurrent sessions
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3.45PM | T5.1-T5.9 Concurrent Sessions | Session chair |
3:45PM | T5.1 Corporate Finance 21 Green credit policy and corporate cash holdings: Evidence from China | Sandip Dhole, Monash University |
3:45PM | T5.2 Corporate Finance 22 Manufacturing and process innovation, productivity, and growth | Session chair |
3:45PM | T5.3 Asset Pricing 12 Exchange Traded Fund ownership and underlying stock mispricing | Session chair |
3:45PM | T5.4 Corporate Finance 23 Anti-corruption and corporate investment: Evidence from financial disclosure laws | Session chair |
3:45PM | T5.5 Corporate Finance 24 How regulation prompts non-target firms to comply: Remuneration committee characteristics in Australia | Session chair |
3:45PM | T5.6 Corporate Finance 25 Do gender and ethnic diversity on corporate boards affect stock price idiosyncratic volatility? Evidence from South Africa | Session chair |
3:45PM | T5.7 Corporate Finance 26 Corporates' sustainability disclosures impact on cost of capital and idiosyncratic risk | Session chair |
3:45PM | T5.8 Asset Pricing 13 Dark trading and firm value | Session chair |
3:45PM | T5.9 Asset Pricing 14 Opinion divergence and high-volume anomaly: New evidence from equity option market | Session chair |
5:15 – 5:45PM | Afternoon break 3
5:45 – 7:45PM: T6.1-T6.10 Concurrent sessions
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5.45PM | T6.1-T6.10 Concurrent Sessions | Session chair |
5:45PM | T6.1 PhD Symposium 9 A sophisticated measure of market depth | Phuong Pham, Curtin University |
5:45PM | T6.2 PhD Symposium 10 Do investors value corporate workforce equality? | Session chair |
5:45PM | T6.3 Corporate Finance 27 Narcissistic CEOs promise more than they deliver: A case from share repurchases Co-opted directors and corporate social responsibility How do insider trading incentives shape nonfinancial disclosures? Evidence from product and business expansion disclosures (Zoom Meeting ID: 858 4106 8939) | Session chair |
5:45PM | T6.4 Corporate Finance 28 | Session chair |
5:45PM | T6.5 Corporate Finance 29 | Session chair |
5:45PM | T6.6 Corporate Finance 30 | Session chair |
5:45PM | T6.7 Asset Pricing 15 The anatomy of cryptocurrency connectedness A multicountry comparison of cryptocurrency vs gold: portfolio optimization through generalized simulated annealing (Zoom Meeting ID: 817 6382 6971) | Session chair |
5:45PM | T6.8 Banking 4 Bank specialization and industry-specific shocks Economic policy uncertainty and cross-border bank flows prior to and during the pandemic Why is there so much side-by-side management in the ETF industry? (Zoom Meeting ID: 882 9205 5174) | Session chair |
5:45PM | T6.9 Corporate Finance 31 The China trade shock and the ESG performances of US firms The impact of corporate equity ownership on firm investment efficiency: An international study Why do investors pay for charlatan analysts? (Zoom Meeting ID: 826 1825 4753) | Session chair |
5:45PM | T6.10 Asset Pricing 16 Economic links from bonds and cross-stock return predictability Is firm-level political risk priced in the equity option market? Trade competitiveness and the aggregate returns in global stock markets (Zoom Meeting ID: 847 9222 7341) | Session chair |
7:45PM | Day Two - Close
Day three
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Friday 22 April
All times are shown in Australian Eastern Standard Time (AEST)
9 – 10AM: Plenary Keynote Presentation by Lu Zhang
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9:00AM | F1 Plenary - Keynote presentation | Session chair |
9:00AM | Asymmetric investment rates (Zoom meeting ID: 883 1876 5864) | Philip Gharghori, |
10 – 10:15AM | Morning break
10.15am – 12.15pm: F2.1-F2.9 Concurrent sessions
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10:15AM | F2.1-F2.9 Concurrent Sessions | Session chair |
10:15AM | F2.1 PhD Symposium 11
| Lubna Rahman, Monash University |
10:15AM | F2.2 PhD Symposium 12 Asymmetric cost behavior and non-financial firms’ risky financial investments | Session chair |
10:15AM | F2.3 PhD Symposium 13 Do corporate insiders take advantage of their political connections? Evidence from insider trading Information asymmetry, liquidity, and the choice between issuing bonds in the private and public markets Insider’s edge or better governance? The effect of Section 972 of the Dodd-Frank Act to the risk-taking and performance of duality firms | Session chair |
10:15AM | F2.4 Corporate Finance 32 Pension fund activism behind the scenes Corporate social performance: Does management quality matter? | Session chair |
10:15AM | F2.5 Corporate Finance 33 In search of a unicorn The cash-cap model: A two-state model of firm dynamics An investment theory with lags and adjustment costs (Zoom Meeting ID: 859 5595 8356) | Session chair |
10:15AM | F2.6 Asset Pricing 17 Fractional trading Mutual fund trading and ESG stock resilience during the COVID-19 stock market crash (Zoom Meeting ID: 882 2057 9978) | Session chair |
10:15AM | F2.7 Corporate Finance 34 | Session chair |
10:15AM | F2.8 Banking 5 How do banks respond to the operational weather risk of borrowers? Evidence from loan contracts Borrowing at the discount window: What explains stigma after the 2003 reforms? Are 'too big to fail' banks just different in size? A study on systemic risk and stand-alone tail risk (Zoom Meeting ID: 829 6051 5135) | Session chair |
10:15AM | F2.9 Asset Pricing 18 A shot in the arm: The effect of COVID-19 vaccine news on financial and commodity markets | Session chair |
12:15 – 12:45PM | Lunch break
12.45 – 2.15pm: F3 Plenary Panel: Superannuation investment strategy
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12:45PM | F3 Plenary panel: Superannuation investment strategy for the next decade | |
(90 mins) | Moderator Prof Deep Kapur, Deputy Dean, External Engagement, Director, Monash Centre for Financial Studies, Panelists Stephen Anthony, Senior Advisor, Monash Centre for Financial Studies, Monash Business School Suzanne Branton, Chief Investment Officer, CareSuper Steven Carew, Senior Advisor, Monash Centre for Financial Studies, Monash Business School (Zoom meeting ID: 874 6626 0634) |
2:15 – 2.30PM | Afternoon break 1
2.30 – 4.00pm: F4.1-F4.9 Concurrent sessions
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2:30PM | F4.1-F4.9 Concurrent Sessions | Session chair |
2:30PM | F4.1 Accounting 3 The audit risk model and family firms | Session chair |
2:30PM | F4.2 Accounting 4 Auditor-provided tax services and default risk | Session chair |
2:30PM | F4.3 Corporate Finance 35 When values align: Corporate philanthropy and employee turnover | Session chair |
2:30PM | F4.4 Corporate Finance 36 CEO power, lead independent directors and bank debt contracting | Session chair |
2:30PM | F4.5 Corporate Finance 37 It's not who you know? It's who knows you: Employee social capital and firm performance | Session chair |
2:30PM | F4.6 Banking 6 Credit asset securitization, cross holdings, and systemic risk in banking Politician career concerns and bank lending in China (Zoom Meeting ID: 882 2057 9978) | Session chair |
2:30PM | F4.7 Corporate Finance 38 Corporate social responsibility and short-selling: Evidence from China | Session chair |
2:30PM | F4.8 Asset Pricing 19 | Session cancelled |
2:30PM | F4.9 Banking 7 | Session chair |
4 – 4:30PM | Afternoon break 2
4.30 – 6.00pm: F5.1-F5.10 Concurrent sessions
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4:30PM | F5.1-F5.10 Concurrent Sessions | Session chair |
4:30PM | F5.1 Banking 8 A structural model of interbank network formation and contagion | Session chair |
4:30PM | F5.2 Asset Pricing 20 On ambiguity-seeking behavior in finance models with smooth ambiguity | Session chair |
4:30PM | F5.3 Asset Pricing 21 Birth order and fund manager's trading behavior: Role of sibling rivalry (Zoom Meeting ID: 885 4909 7918) | Session chair |
4:30PM | F5.4 Asset Pricing 22 The corporate bond risk premium: New data and evidence from the origin of corporate default | Session chair |
4:30PM | F5.5 Asset Pricing 23 | Session chair |
4:30PM | F5.6 Behavioural Finance 3 Does death teach us wisdom? Evidence from trading during the COVID-19 pandemic | Session chair |
4:30PM | F5.7 Behavioural Finance 4 (Zoom Meeting ID: 819 9347 0284) | Session chair |
4:30PM | F5.8 Asset Pricing 24 Return extrapolation and volatility expectations A structural model of liquidity in over-the-counter markets | Session chair |
4:30PM | F5.9 Asset Pricing 25 | Session chair |
4:30PM | F5.10 Corporate Finance 39 Do index investors impact investee firms’ disclosure aggregation? What happens after stock price crashes? (Zoom Meeting ID: 839 2299 4322) | Session chair |
6:00 – 6:15PM | Afternoon break 3
6.15 – 6.45pm: F6 Closing session including best paper awards
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6:15PM | F6: Closing Session | Session chairs |
6:15PM | 6: Closing Session (Zoom meeting ID: 898 9933 0898) | Balasingham Balachandran, La Trobe University |
6:45PM | Conference close |