SFiC Conferences

Upcoming conferences

Previous conferences

Sustainable Financial Innovation Centre Annual Conference 2023

 

The world is currently experiencing significant economic and geopolitical instability. As ESG objectives become a key focus in asset management, the reallocation of capital has significant implications for portfolio selection and asset pricing. However, ESG investors often face significant uncertainty about a company's true ESG performance e.g. the significant variation in ESG ratings across rating agencies. Moreover, in the wake of geopolitical and economic instability, analysts’ reports show that in 2022, investors withdrew more money from sustainable funds than they invested for the first time in over a decade.

The Sustainable Financial Innovation Research Centre (SFiC) held its annual conference in the University of Birmingham, Dubai during 25-26 Nov, 2023. The conference theme was ESG in the era of geopolitical and economic instability. Lord Edward Lister- co Chair of the UAE-UK Business council opened the conference. The opening session includes speeches by H.E . Dr. Maryam Al Suwaidi, CEO, Securities and Commodities Authority (SCA), UAE and H.E Dr. Abdulrahman Al Hamidy,  Director General Chairman of the Board, Arab Monetary Fund (AMF).

A memorandum of Understanding (MoU) between the University of Birmingham and the Securities and Commodities Authority (SCA) was signed during the conference with the aim of helping to boost the reliability, competitiveness, and sustainability of the UAE’s capital market, further increasing investor confidence in the UAE. This collaboration underlines our position as a strategic knowledge and research partner to support SCA’s capacity building efforts through leveraging our international network of experts and academics to address real world challenges in capital markets.

 

pexels-aleksandar-pasaric-5686514

Sustainable Financial Innovation Centre Annual Conference 2022

Friday 25 - Saturday 26 November 2022, Birmingham Business School, Dubai, United Arab Emirates 

View the Gallery of images from the event

Conference Programme 



Day 1: Friday 25th November 2022

 

Refreshments and registration:  Harvard Lecture Theatre

8.30-9.00

Welcome Address

Douglas Cumming, Hisham Farag and Sofia Johan

 

9.00-9.05

Opening Address

Ben Bailey, Director of Dubai Campus Operations

9.05-09.15

Parallel Session 1-A: Harvard Lecture Theatre

Institutional Investors and Corporate Sustainability

Chair: Douglas Cumming, Florida Atlantic, USA

Zoom link: https://bham-ac-uk.zoom.us/j/84145266520

09:15-10.45

Institutional Investors and Corporate Environmental Costs

 

Omrane Guedhami, Moore School of Business, University of South Carolina, USA

Sadok El Ghoul, Campus Saint-Jean, University of Alberta, Canada

Wolfgang Drobetz, Hamburg Business School, University of Hamburg, Germany

Zhengwei Fu, University of South Carolina, USA

 

Discussant: Wenxuan Hou, University of Edinburgh, UK

09.15-09.45

Passive Investors and Corporate Social Responsibility: A Risk-Management

 

Xiaoyu Zhang Vrijie Universiteit Amsterdam, Netherlands

Wenxuan Hou, University of Edinburgh, UK

 

Discussant: Vu Thuy Linh - ESADE Business School, Spain

09.45-10:15

The impact of CSR Performance on Stock Return for Different Institutional Investors

 

Vu Thuy Linh - ESADE Business School, Spain

 

Discussant: Zhengwei Fu, University of South Carolina, USA

10:15-10:45

 

Parallel Session 1-B: Seminar Room 0209

ESG and Corporate Risk-Taking

Chair: Sofia Johan, , Florida Atlantic, USA

Zoom link: https://bham-ac-uk.zoom.us/j/89378623357

09:15-10.45

Does ESG reputational risk affect investment efficiency?

 

Dimitrios Gounopoulos, University of Bath

Ioannis Chasiotis, University of the Peloponnese, Greece

Dimitrios Konstantios, University of Piraeus, Greece

Vasilios-Christos Naoum, University of Piraeus, Greece

Victoria Patsika, Cardiff University, UK

 

Discussant: Yuanyuan Wu, University of Sussex, UK

09.15-09.45

Does Mandatory CSR Expenditure Regulation Induce Corporate Risk-Taking?

 

Sandeep Rao, Dublin City University Business School, Ireland

Partha P. Roy, University of Strathclyde, UK

 

Discussant: Dimitrios Gounopoulos, University of Bath

 

How does ESG Disclosure Affect Corporate Risk-Taking

 

Faek Menla Ali, University of Sussex, UK

Xiaoxiang Zhang, University of Sussex. UK

Yuanyuan Wu, University of Sussex, UK

 

Discussant: Sandeep Rao, Dublin City University Business School, Ireland

10:15-10:45

Refreshment Break

10:45-11:00

 

 

Parallel Session 2-A: Harvard Lecture Theatre

Blockchain, Cryptos and ESG

Chair: Hisham Farag, University of Birmingham, UK

Zoom link: https://bham-ac-uk.zoom.us/j/86108605757

11:00-12:30

Is Bitcoin ESG Compliant?

 

Denis Schweizer, Concordia University, Canada

 

Discussant: Yu Zhige, The University of Hong Kong

11:00-11:30

Disruptive Innovation on ESG: Evidence from Blockchain Exposure in Conference Calls

 

Yu Zhige, The University of Hong Kong

 

Discussant: Rébecca Cardot, Grenoble Ecole de Management, France

11:30-12:00

Investment in Blockchain and the Environmental and Social Performance of Firms

 

Jamil Jaballah, Grenoble Ecole de Management, France

Carole Bernard, Vrije Universiteit Brussel, Belgium

Rébecca Cardot, Grenoble Ecole de Management, France

 

Discussant: Denis Schweizer, Concordia University, Canada

12:00-12:30

 

Parallel Session 2-B: Seminar Room 0209

Green Bonds

Chair: Sabri Boubaker, EM Normandie Business School, France

Zoom link: https://bham-ac-uk.zoom.us/j/85041891718

11:00-12:30

Public Sector Green Bonds: What Drives Proceeds’ Investments and Performance Across Issuer Types?

 

Francesco Baldi, University of Turin, Italy

Giovanni Ferri, LUMSA University, Italy

 

Discussant: Sitara Karim, The University of Nottingham, Malaysia

11:00-11:30

Extreme Risk Dependence Between Green Bonds and Financial Markets

 

Muhammad Abubakr Naeem, United Arab Emirates University, UAE.

Sitara Karim, The University of Nottingham, Malaysia.

Brian Lucey, School of Business, Trinity College Dublin, Ireland

Larisa Yarovaya, University of Southampton, UK

 

Discussant: Niklas Dahlen (HHL Leipzig Graduate School of Management, Germany

11:30-12:00

 

Making Green Bonds Work - How Payoff Structures Shape Incentives

 

Rieke Fehrenkötter (HHL), Leipzig Graduate School of Management, Germany

Dr. Maximilian Schreiter (HHL), Leipzig Graduate School of Management, Germany

Louisa Heiduk (HHL), Leipzig Graduate School of Management, Germany

Niklas Dahlen (HHL Leipzig Graduate School of Management, Germany

 

Discussant: Francesco Baldi, University of Turin, Italy

12:00-12:30

Lunch

12.30-13.30

Keynote Speech: Harvard Lecture Theatre

 

Technical Progress and the Climate Crisis

 

Professor Marcin Kacperczyk, Professor of Finance, Imperial College , London

 

13:30-15:00

Refreshment Break

15:00-15:15

Parallel Session 3-A: Harvard Lecture Theatre

 Corporate Environmental Behaviour

Chair: Wenxuan Hou , University of Edinburgh, UK

Zoom link: https://bham-ac-uk.zoom.us/j/81388767182

15:15-16:45

Environmental Tax Incentives and Corporate Environmental Behaviour: An Unintended Consequence from a Natural Experiment in China

 

Sabri Boubaker, EM Normandie Business School, France & Swansea University, UK

Feiyang Cheng, Tianjin University, China,

Jing Liao, Massey University, New Zealand

Shuai Yue, Massey University, New Zealand

 

Discussant: Wendi Huang, The University of Hong Kong

15:15-15:45

Sustainable Investing and Sustainability of Pension Assets

 

Adam Abdulrahman, Carleton University, Canada

                   Jun Wang, Western University, Canada

Isaac Otchere, Carleton University, Canada

 

Discussant: Sabri Boubaker, EM Normandie Business School, France & Swansea University, UK

15:45-16:15

Green Public Procurement and Corporate Environment Policies

 

Wendi Huang, The University of Hong Kong

 

Discussant: Isaac Otchere, Carleton University, Canada

16:15-16-45

 

Parallel Session 3-B: Seminar Room 0209

ESG Disclosure

Chair: Dimitrios Gounopoulos, University of Bath, UK

Zoom link https://bham-ac-uk.zoom.us/j/88665585167

15:15-16:45

Does Climate Change Regulation Affect the Maturity Structure of Corporate Debt?

 

Tiancheng Yu, the University of Manchester, UK

Viet Anh Dang, the University of Manchester, UK

Ning Gao the University of Manchester, UK

 

Discussant: Charilaos Mertzanis, Abu Dhabi University, UAE

15:15-15:45

National Culture and Green Bond Issuance around the World

 

Charilaos Mertzanis, Abu Dhabi University, UAE

Imen Tebourbi, University of Birmingham, Dubai, UAE

 

Discussant: Rizwan Ahmed, University of Kent, UK

15:45-16:15

Reform or Friction? International ESG Disclosure Regulations and Unintended M&A Consequence

Santosh Koirala, University of Birmingham, UK

                   Sandeep Rao, Dublin City University Business School, Ireland

Rizwan Ahmed, University of Kent, UK

 

Discussant: Tiancheng Yu, the University of Manchester, UK

16:15-16:45

 

 

Gala Dinner- The H Dubai Hotel

19:00-23:00

 

 


Day 2: Saturday 26th November 2022

 

Refreshments and registration:  

8.30-9.00

Parallel Session 4-A: Seminar Room 0410

Chair: Sofia Brito-Ramos, ESSEC Business School

Socially Responsible Financial Institutions

Zoom link: https://bham-ac-uk.zoom.us/j/83610644349

09.00-10.30

Socially Responsible Banking: Weathering the Covid-19 Storm

 

Claudia Girardone -University of Essex

Laura Chiaramonte, University of Verona, Italy

Alberto Dreassi, University of Trieste, Italy

Stefano Piserà, University of Genova, Italy

 

Discussant: Alper Kara, Huddersfield Business School, University of Huddersfield, UK

09.00-09.30

Are Banks Really Committed to Environmental Sustainability? Evidence from pricing of large corporate loans

 

Yener Altunbas Bangor University, UK

Tianshu Zhao, University of Birmingham, UK

Alper Kara, Huddersfield Business School, University of Huddersfield, UK

 

Discussant: Sofia Brito-Ramos, ESSEC Business School

09.30-10:00

Divergence in Mutual Fund Sustainability Labelling

 

Sofia Brito-Ramos, ESSEC Business School

Maria Céu Cortez, University of Minho

Florinda Silva, University of Minho

 

Discussant: Claudia Girardone -University of Essex

10:00-10:30

 

Parallel Session 4-B: Seminar Room 0209

Chair: Juliane Proelss, Concordia University, Canada

Implications for Going Green

Zoom link: https://bham-ac-uk.zoom.us/j/85607544460

09.00-10.30

The Price of Being Green

 

Juliane Proelss, Concordia University, Canada

 

Discussant: Rabab Abouarab, University of Southampton, UK

09.00-09.30

Go Green: Does Macroeconomic Uncertainty Matter? 

 

Md Rajib Kamal, Norwegian University of Science and Technology, Norway

Syed Riaz Mahmood Ali, University of Turku, Finland

Kaysul Islam Anik, University of Turku, Finland;

Ranik Raaen Wahlstrøm, Norwegian University of Science and Technology, Norway

 

Discussant: Juliane Proelss, Concordia University, Canada

09.30-10:00

Spotting Portfolio Greenwashing in Sustainable Funds

Rabab Abouarab, University of Southampton, UK

Simon Wolfe, University of Southampton, UK

Tapas Mishra, University of Southampton, UK

 

Discussant: Md Rajib Kamal, Norwegian University of Science and Technology, Norway

10:00-10:30

Refreshment Break

10:30-10:45

 

Parallel Session 5-A: Seminar Room 0410

Chair: Bing Liang, UMass Amherst, USA

Climate Change Innovationhttps://bham-ac-uk.zoom.us/j/85384839087

10.45-12.15

Real Effects of Shareholder Proposals: Innovation in the Context of Climate Change

 

Rebel Cole, Florida Atlantic University, USA

David Javakhadze, Florida Atlantic University, USA

Greg Tindall,Palm Beach Atlantic University, USA

 

Discussant: Gül Yüksel, University of Bremen, Germany

10:45-11:15

Climate-Related Innovations: Economic Value and Risk Mitigation

 

Huan Kuang, UMass Amherst, USA

Bing Liang, UMass Amherst, USA

 

Discussant: Greg Tindall,Palm Beach Atlantic University, USA

11:15-11:45

The Performance of Socially Responsible Investments: A Meta-Analysis

 

Lars Hornuf (University of Bremen, Germany

Gül Yüksel, University of Bremen, Germany

 

Discussant: Bing Liang, UMass Amherst, USA

11:45-12:1

 

Parallel Session 5-B: Seminar Room 0209

Chair: Md Safiullah, RMIT University, Australia

Political Connections and Environmental Violations

Zoom link: https://bham-ac-uk.zoom.us/j/82036616074

10.45-12.15

Political Connections, Environmental Violations and Punishment: Evidence from Heavily Polluting Firms in China

 

Jingjing Wang, University of Liverpool, UK

Chris Florackis, University of Liverpool, UK

Xi Fu, University of Liverpool, UK

 

Discussant: Art Durnev, University of Iowa, USA

10:45-11:15

General Counsel in Top Management and Carbon Risk

 

Md Safiullah, RMIT University, Australia

Md Al Mamun, La Trobe University, Australia

 

Discussant: Jingjing Wang, University of Liverpool, UK

11:15-11:45

Disaster Risk, Politicians, Firms and Capital Exuding: A New Role of Stock Market Participation

 

Brooke Wang, University of Iowa,USA

Art Durnev, University of Iowa, USA

 

 

Discussant: Md Safiullah, RMIT University, Australia

11:45-12:15

Lunch

12.15-13.30

 

Parallel Session 6-A: Seminar Room 0410

Chair: Mohammed Benlemlih, EM Normandie Business School, France

Corporate Policies and Extreme Weather

Zoom link: https://bham-ac-uk.zoom.us/j/88548490286

13.30-15.00

Does Extreme Weather Induce Corporate Borrowings? Evidence from Excess Rain Deviations in India

Anand Kumar Dublin City University, Ireland

Santosh Koirala, University of Birmingham, UK

 

Discussant: Mohammed Benlemlih, EM Normandie Business School, France

13.30-14.00

Market Reaction To Extreme Weather Events In The Electricity Sector

 

Vincenzo Butticè - Politecnico di Milano, Italy

Roberto Bianchini - Politecnico di Milano, Italy

 

Discussant: Santosh Koirala, University of Birmingham, UK

14.00-14:30

Economic Policy Uncertainty and Climate Change: Evidence from CO2 Emission

 

Çiğdem Vural Yavaş, Nyenrode Business University, Netherlands

Mohammed Benlemlih, EM Normandie Business School, France

 

Discussant: Roberto Bianchini - Politecnico di Milano, Italy

14.30-15.00

 

Parallel Session 6-B: Seminar Room 0209

Chair: Ye Zhang, Stockholm School of Economics, Sweden

Sustainable Investments and Venture Capital

Zoom link: https://bham-ac-uk.zoom.us/j/82205579625

13.30-15.00

Does Impact Investing Help VC Funds to Attract Startups? Experimental Evidence

 

Ye Zhang, Stockholm School of Economics, Sweden

 

Discussant: Yomna Abdulla, University of Bahrain, Bahrain

13.30-14.00

Climate Legacy of Corporate Resilience to Crises

 

Ruoran Zhao, the University of Edinburgh, UK

Wenxuan Hou, the University of Edinburgh, UK

 

Discussant: Ye Zhang, Stockholm School of Economics, Sweden

14.00-14:30

Going green: The Effect of Sustainable Investments on Venture Capital Fund Performance

 

Fatima Shuwaikh, Léonard de Vinci Pôle Universitaire Paris La Défense, France

Ramzi Benkraiem Audencia Business School, Nantes, France

Emmanuelle Dubocage, Paris Est Creteil, France.

Philip Scherbaum Catolica Lisbon School of Business and Economics, Portugal

 

Discussant: Ruoran Zhao, the University of Edinburgh, UK

14.30-15.00

Refreshment Break

15.00-15.15

 

Parallel Session 7-A: Seminar Room 0410

Chair: Milos Vulanovic - EDHEC Business School, France

Sustainability Bonds and Corporate Policies

Zoom link: https://bham-ac-uk.zoom.us/j/83490997187

15.15-16.45

Climate risk, ESG and Firm performance

 

Ahmed Jawad-University of Bahrain, Bahrain

Yomna Abdulla, University of Bahrain, Bahrain

 

Discussant: Milos Vulanovic - EDHEC Business School, France

15.15-15.45

The Economics of Sustainability Linked Bonds

 

 Tony Berrada, University of Geneva

 Rajna Gibson Brandon, University of Geneva

 Philipp Krueger, University of Geneva

Leonie Engelhardt University of Geneva

 

Discussant:  Fatima Shuwaikh, Léonard de Vinci Pôle Universitaire Paris La Défense, France

15.45-16.15

Green SPACs

 

Milos Vulanovic - EDHEC Business School, France

Nebojsa Dimic - University of Vaasa, Finland

John Goodell, University of Akron, USA

Vanja Piljak - University of Vaasa, Finland

 

Discussant: Leonie Engelhardt University of Geneva

16.15-16.45

Closing remarks and next steps

Seminar Room 0410

Zoom link: https://bham-ac-uk.zoom.us/j/82959012382

16.45-17.00

 

 

 

Find out more

pexels-aleksandar-pasaric-5686514

Sustainable Financial Innovation Centre Annual Conference 2021

Thursday 21 - Friday 22 January 2021, Birmingham Business School

Find out more

Network points with currency icons

Birmingham Business School and the Journal of Corporate Finance Co-sponsored Conference: Developments in Alternative Finance

Tuesday 25 - Wednesday 26 June 2019, Birmingham Business School

Find out more

Cathy Cassell introducing the Alternative Finance Conference