Day two
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 |