DAY 2: FRIDAY, MAY 28
Sessions 27 through 50
JOIN Session 27 – Governance: Gender and Bank Board
Friday, May, 28, 7:30-9:00 A.M.(PST)
Chairperson: Maximilian Rohrer, Norwegian School of Economics, Maximilian.Rohrer@nhh.no
She innovates - Female ownership and innovation in India
Shreya Biswas, Birla Institute of Technology and Science, Pilani, Hyderabad Campus, shreya@hyderabad.bits-pilani.ac.in;
Shreya Lahiri, BITS Pilani
The Effect of Female Leadership on Contracting from Capitol Hill to Main Street
Nataliya Gerasimova, Norwegian School of Economics, nataliya.gerasimova@nhh.no
Maximilian Rohrer, Norwegian School Of Economics; Maximilian.Rohrer@nhh.no
Bank Board Network and Financial Stability in Emerging Markets
Shreya Biswas, Birla Institute of Technology and Science, Pilani, Hyderabad Campus, shreya@hyderabad.bits-pilani.ac.in
Rajnish Kumar, Independent Researcher
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JOIN Session 28 - Investment and Special Indices
Friday, May, 28, 7:30-9:00 A.M.
Chairperson: Binam Ghimire, Northumbria University, Newcastle, UK;
binam.ghimire@northumbria.ac.uk
Size Matters? Market size analysis of stranded assets
Binam Ghimire, Northumbria University, binam.ghimire@northumbria.ac.uk
Tooraj Jamasb, Copenhagen Business School
Ulcer Index-N and Ulcer Performance Index-N
Alireza Dastan, University of California, Merced, adastan@ucmerced.edu
Russ McBride, University of California, Merced
Why can’t investors pick the right index fund?
Ricardo Barahona, Erasmus University/Tilburg Univesity, barahona@ese.eur.nl
JOIN Session 29 – Banking: Methodology and Loan Quality
Friday, May, 28, 7:30-9:00 A.M.
Chairperson: Jeanne Amar, University of Côte d’azur, GREDEG, CNRS, FRANCE; Jeanne.AMAR@univ-cotedazur.fr
Jeanne Amar, University of Côte d’azur, GREDEG, CNRS, Jeanne.AMAR@univ-cotedazur.fr
V.Piron, Piron Consulting
An overview of shadow banking activity in Brazil
Mariana Oreng, EAESP-FGV, mariana.oreng@gmail.com
Richard Saito, EAESP-FGV
Bank Loan Quality and Managerial Ability in times of crisis: Evidence from the USA
Hasanul Banna, Universiti Malaya, banna@um.edu.my
M.Kabir Hassan, University of New Orleans
JOIN Session 30 – Governance and Corporate Structure
Friday, May, 28, 7:30-9:00 A.M.
Chairperson: Yuka Nishikawa, College of Charleston, S. Carolina, USA; nishikaway@cofc.edu
Corporate Restructuring in Founder-Led Firms
Yuka Nishikawa, College of Charleston, nishikaway@cofc.edu
Edward Lawrence, Florida International University
Do performance, ownership, and governance influence CEO turnover? Evidence from Brazil
Sergio Foldes Guimaraes, Coppead, sergio.foldes@coppead.ufrj.br
Andre Luiz Carvalhal, Coppead
Do Powerful CEOs make efficient investment decisions
Md Raihan Uddin Chowdhury, The University of Texas at El Paso, mchowdhury6@miners.utep.edu
Feixue Xie, Unit of Texas at El Paso
TOP MANAGEMENT TURNOVER IN BRAZIL – THE ROLE OF CORPORATE GOVERNANCE IN FAMILY-CONTROLLED COMPANIES
Sergio Foldes Guimaraes, Coppead, sergio.foldes@coppead.ufrj.br
André Luiz Carvalhal da Silva, COPPEAD
JOIN Session 31 – ESG, SRI Funds, and Green Bonds
Friday, May, 28, 7:30-9:00 A.M.
Chairperson: Iraj Fooladi, Dalhousie University, Dalhousie University, CANADA, iraj.fooladi@dal.ca
Share repurchases, undervaluation, and corporate social responsibility
Nils-Christian Bobenhausen, RWTH Aachen University, nils.bobenhausen@bfw.rwth-aachen.de
Andreas Knetsch, RWTH Aachen University
Astrid Salzmann, IESEG School of Management
The Effect of Issuance documentation readability on Liquidity: Evidence from Green bonds
Syrine SASSI, South Champagne Business School, syrine.sassi@yschools.fr
Martin Lebelle, Universite Paris Est
Souad Lajili, Universite Paris Est
What Causes SRI Funds to Perform Differently? The case of the Jantzi Social Index
Iraj Fooladi, Dalhousie University, iraj.fooladi@dal.ca
Gregory Hebb, Dalhousie University
JOIN Session 32 - Capital Structure and Performance
Friday, May, 28, 9:30-11:00 A.M.
Chairperson: Elisabete S. Vieira,University of Aveiro; elisabete.vieira@ua.pt
Elisabete S. Vieira,University of Aveiro; elisabete.vieira@ua.pt
Filipe Sardo, University of Aveiro, fsardo@ua.pt fsardo@ua.pt
Filipe Sardo, University of Aveiro, fsardo@ua.pt fsardo@ua.pt
Zélia Serrasqueiro, Universidade da Beira Interior, zelia@ubi.pt
Manuel Rocha Armada University of Minho; rarmada@eeg.uminho.pt
The Implied Equity Term Structure
Tomas Jankauskas, Tilburg University, t.jankauskas@tilburguniversity.edu
Lieven Baele, Joost Driessen, Tilburg University
Corruption, Immigration & Refugees: New Determinants in the Capital Structure of Companies.
Samuel de Paiva Naves Mamede, Presbyterian University; samuel.mamede@mackenzie.br
Wilson Toshiro Nakamura, Mackenzie Presbyterian University; wilson.nakamura@mackenzie.br
Manuel Rocha Armada, University of Mihho, Braga, Portugal; rarmada@eeg.uminho.pt
Zero leverage and firm performance: when nothing is better
Flávio Morais, University of Beira Interior (UBI), Portugal, flavio.morais@ubi.pt
Zélia Serrasqueiro, University of Beira Interior (UBI), Portugal, zelia@ubi.pt
Joaquim J.S. Ramalho, Instituto Universitário de Lisboa (ISCTE-IUL), Portugal, jjsro@iscte-iul.pt
JOIN Session 33 – Investment: Strategy and Sentiment
Friday, May, 28, 9:30-11:00 A.M.
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Chairperson: Kelley Bergsma, Ohio University. USA; bergsma@ohio.edu
Culture, Comovement, and Style Investing: Evidence from Europe
Kelley Bergsma, Ohio University, bergsma@ohio.edu
Raylin Fetherolf, Global Finance & Business Management Analyst
First Mover Advantage in Financial Markets
Shenru Li, West Virginia University, sl0045@mix.wvu.edu
Ping-Chieh Tsai, National Sun Yat-sen University, d084030002@g-mail.nsysu.edu.tw
Wei-Che Tsai. National Sun Yat Sen University
Pei-Shih Weng, National Sun Yat Sen University
JOIN Session 34 - Banking and Strategic Default
Friday, May, 28, 9:30-11:00 A.M.
Chairperson: Samuel Rosen, Temple University, Philadelphia, PA, USA; sir@temple.edu
Security Sales in the Banking Sector
Samuel Rosen, Temple University, sir@temple.edu
Xun Zhong, Fordham University
Strategic Default in Relationship Banking
Nitin Vishen, Indian School of Business, nitin_vishen@isb.edu
Mingquan Zhou, University of Auckland, mzho439@aucklanduni.ac.nz
JOIN Session 35 - Venture Capital and Innovation
Friday, May, 28, 9:30-11:00 A.M.
Chairperson: Demir Yener, Johns Hopkins University, demiryener@gmail.com
Clean-tech Venture Capital Investment in the United States, 1995-2020
Yochanan Shachmurove, The City College of CUNY, ys4624@nyu.edu
Does Family Matter? Venture Capital Cross-fund Cash Flows
Huizhu Sun, Luxembourg Institute of Science and Technology, huizhu.sun@list.lu
Roman Kraussl, University of Luxemborg; Kalle Rinne, University of Luxembourg and Mandatum Life
Christian Sturm, Accadis Hochschule, Germany, christian.sturm@accadis.net
Mergers and acquisitions, institutional ownership, and the agency costs of free cash flow
Parianen Veeren, Concordia University, parianen.veeren@concordia.ca
Nilanjan Basu, Concordia University
Xilin Zhang, Concordia University.
JOIN Session 36 – KEYNOTE ADDRESS
Friday, May, 28, 11:30 A.M.-1:00 P.M.
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Professor Lemma W. Senbet, William E. Mayer Chair Professor of Finance,
Founding Director of the Center for Financial Policy,
Executive Director of the African Economic Research Consortium (AERC).
Robert H. Smith School, University of Maryland.
An Untold Story: Finance and Public Policy
Professor Senbet shares one of the Smith School’s stories on his joint research with a global team. It is the study of a remarkably innovative and entrepreneurial bank in Kenya (= Equity Bank) with a business model that has targeted the poorest communities in underserved and neglected areas. Evidence yields social impact while making money.
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JOIN Session 37 - Blockchain and Cryptocurrency
Friday, May, 28, 1:30-3:00 P.M.
Chairperson: Monzurul Hoque, Saint Xavier University, Chicago, IL, USA; hoque@sxu.edu
Digitization and the evolution of money as a social technology of account
Michael Peneder, Austrian Institute of Economic Research, michael.peneder@wifo.ac.at
In a world of new money such as CBDCs and cryptocurrencies – which money can be trusted?
Kym Brown, Monash University, kym.brown@monash.edu
Is Cryptocurrency the Future of Money?
Monzurul Hoque, Saint Xavier University, hoque@sxu.edu
JOIN Session 38 - Panel Presentation negative interest rates on the global financial system
Friday, May, 28, 1:30-3:00 P.M.
Moderator: Krishnan Dandapani, Florida International University; dandapan@fiu.edu
Panelists: Xiaomeng Lu, Florida International University; xlu014@fiu.edu
Sandrine Docgne Penlap, Florida International University, sdocgnep@fiu.edu;
Marcos Velasquez, Florida International University, mvela137@fiu.edu; and
Le Zhao, Florida International University. Le Zhao <lzhao006@fiu.edu>
This panel examines the impact of negative interest rates on global financial system. The quantum and growth of negative interest yielding securities in the world economy (due to extensive Quantitative Easing and asset purchases by major global central banks) are enormous and have resulted in the issuance of more than $18.04 trillion as of December 2020. As reported in Bloomberg, more than 30% of the global bonds have negative yields. The panel discusses the implications of these low rates for the financial system.
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JOIN Session 39 - Volatility and the Behavior of Shorts
Friday, May, 28, 1:30-3:00 P.M.
Chairperson: Paul L. Baker, University of Bath, AUSTRALIA; P.L.Baker@bath.ac.uk
A False Discovery Rate Approach to Optimal Volatility Forecasting Model Selection
Arman Hassanniakalager, University of Bath, ah2493@bath.ac.uk
Paul L. Baker, University of Bath,
Emmanouil Platanakis, University of Bath
Covariance Matrix Jumps In High-Frequency Financial Markets
Yuri Hupka, Oklahoma State University, hupka@okstate.edu
Louis R. Piccotti, Oklahoma State University
Unconventional monetary policy and the behavior of shorts
Christopher Neely, FRB St. Louis, ChristopherNeely@live.com
Thomas McInish, University of Memphis
Jade Planchon, Rhodes College
JOIN Session 40 - Global Linkages and Entrepreneurship/Venture Capital
Friday, May, 28, 1:30-3:00 P.M.
Chairperson: Stefano Zedda, University of Cagliari, ITALY; szedda@unica.it
James Kinsella, University of Bath, jk2008@bath.ac.uk
Richard Fairchild, University of Bath
Emmanouil Platanakis, University of Bath
Are (Real) Interest Rates Stationary in the Super-Long Run?
Maximilian Ambros, maximilian.ambros@whu.edu
Michael Frenkel, WHU, GERMANY - Michael.Frenkel@whu.edu
Clustering default syndromes.docx
Zedda Stefano, University of Cagliari, szedda@unica.it
JOIN Session 41 – Exchange Rates, Home Country Bias, and Real Estate Exposure
Friday, May, 28, 3:30-5:00 P.M.
Chairperson: Leonard Lundstrum, Northern Illinois University, USA; llundstrum@niu.edu
Remittances and the Exchange Rate
Kenneth Tah, Mercer University, tah_ka@mercer.edu
James McKenzie, Martin Plukka and E’majah Parson, Mercer University
Foreign CEOs and Home Country Bias in Acquisitions
Kirill Pervun, University of South Florida, kpervun@usf.edu
Leonard Lundstrum, Northern Illinois University, llundstrum@niu.edu
JOIN Session 42 – ESG, Insider Trading, and Crash Risk
Friday, May, 28, 3:30-5:00 P.M.
Chairperson: Guanming He, Durham University, guanming.he@durham.ac.uk
What drives strategic Corporate Social Responsibility?
Rania Beji, University of Montpellier, bji.rania@gmail.com
Ouidad Yousfi, Universite de Montpellier
Guanming He, Durham University, guanming.he@durham.ac.uk
Stock price crash risk: A critique of the agency theory viewpoint
Marina Magidou, Cyprus University of Technology, mn.magidou@edu.cut.ac.cy
Panayiotis C, Cyprus University, Neophytos Lambertides, Durham University
The effect of ESG disclosure on corporate investment efficiency
Joonsung Won, Baruch College, Joonsung.Won@baruch.cuny.edu
Elsa Allman, Baruch College
JOIN Session 43 – COVID-19
Friday, May, 28, 3:30-5:00 p.m.
Chairperson: Harry Xia, California State University, Fresno, CA, USA; Hxia@csufresno.edu
Interrelations between sovereign CDS rates and COVID-19 data: First wave versus the second wave
Yossi Saadon, Bank of israel, yosis@boi.org.il
Jonathan Benchimol, Bank of Israel Itamar Caspi, Ben Z Schreiber, Bar-Iiiam University
Harry Xia, California State University, Fresno, Hxia@csufresno.edu
Emil Milevoj, CSU Fresno,
Marcus Goncalves, Boston University
Special state aid measures during COVID-19 and corporate dividend policy
Katarzyna Schmidt, Poznań University of Economics and Business, katarzyna.schmidt@ue.poznan.pl
Marta Kluzek, The Poznan University of Economics and Business
JOIN Session 44 – Hedge Funds, Defined Benefit Pension Funds, and Global Political Risk
Friday, May, 28, 3:30-5:00 P.M.
Chairperson: Robinson Reyes Pena, Florida International University, roreyes@fiu.edu
Global political risk and international stock returns
Giovanni Pagliardi, giovanni.pagliardi@bi.no
Vito D. Gala, Pacific Investment Management Company (PIMCO), USA, vito.gala@gmail.com
Stavros A. Zenios, University of Cyprus, zenios.stavros@ucy.ac.cy.
The Impact of AI Talents on Hedge Fund Performance
Xuxi Guo, Georgia State University, gxuxi1@gsu.edu
Zhen Shi, Georgia State
The Influence of Religiosity on Defined Benefit Pension Funds
Afak Nazim, Florida International University, anazi008@fiu.edu
Edward Lawrence, Florida International University
Robinson Reyes-Peña, Florida International University
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JOIN Session 45 – Covid-19 and Working from Home
Friday, May, 28, 5:30-7:00 P.M.
Chairperson: Miriam Sosa, Metropolitan Autonomous University, msosac87@hotmail.com
Han Xiao, Pennsylvania State University, hxx15@psu.edu
Effect of COVID-19 on ETF and Index efficiency: Evidence from an Entropy-based analysis
Kunal Saha, Institute for Financial Management & Research, Chennai, India, kunal.saha@ifmr.ac.in
Vinodh Madhavan, Ahemdabad University
G.R. Chandrashekhar, Krea University
Miriam Sosa, Metropolitan Autonomous University, msosac87@hotmail.com
Edgar Ortiz, Universidad Nacional Autonome de Mexico)
Alejandra Cabello, Universidad Nacional Autonome de Mexico
JOIN Session 46 - Banking and the Impact of Opacity and Non-interest Income Activities
May, 28, 5:30-7:00 P.M.
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Chairperson: Da Wu, Clark University, DaWu@clarku.edu
The Impact of Floating NAV Rule on MMF Borrowers
Pritam Saha, Texas Tech University, pritam.saha@ttu.edu
The Impact of Non-interest Income Activities on Bank Loans: Decision-maker’s Ability versus Luck
Hsiao-Jung Chen, Southern Taiwan University of Science and Technology, hjchen@stust.edu.tw
Yong Xin Ge, Southern Taiwan University of Science and Technology
PRERECORDED LINK:
The Impact of Opacity on Bank Valuation During the Financial Crisis: A Channel Analysis
Yi Zheng, SUNY New Paltz, zhengy@newpaltz.edu
Da Wu, Clark University, DaWu@clarku.edu
JOIN Session 47 – ESG and Workplace Safety
Friday, May, 28, 5:30-7:00 P.M.
Chairperson: M. Hashemi Joo, North Carolina A&T State University; hashemm@westminster.edu
Performance of S&P 500 ESG Indices: The impact of weighting methodologies and ESG ratings
Nicolas Webersinke, Friedrich-Alexander University Erlangen-Nürnberg, nicolas.webersinke@fau.de
Benjamin Hubel, FAU Germany
Hendrik Scholz, FAU Germany
Do independent directors enhance workplace safety?
M. Hashemi Joo, North Carolina A&T State University, mhashemijoo@gmail.com
A. M. Parhizgari, Florida International University
Risky Corporate-customers: Workplace safety and labor supply chain decision
Sangeun Ha, Hong Kong University of Science and Technology, encorforyou@gmail.com
The Effect of Extreme Weather on Suppliers’ Financial Transparency: The Need for Greater Disclosure
Jocelyn Evans, School of Business, College of Charleston; EvansJ@cofc.edu
JOIN Session 48 – ESG and Climate Change
Friday, May, 28, 5:30-7:00 P.M.
Chairperson: Ahmed Elshahat, Univ. of Pittsburg, aelshahat@gmail.com
The Impact of Climate Change and Innovation on Firm Performance
Le Zhao, Florida International University
A. M. Parhizgari, Florida International University
The association between environmental performance and financial performance: The Case of Egypt-
Ahmed Elshahat, Univ. of Pittsburg, aelshahat@katz.pitt.edu; ahe10@pitt.edu
Sherine I. El-Mohr, Arab Academy of Science and Technology and Maritime Transport
Islam Elshahat, Towson University
Mohamed B. Hassan, Egyptian Ministry of Finance
Pricing in Climate Change Could Bring Risks of its Own
Julie Segal, N/A, juliesegal9@gmail.com
JOIN Session 49 – Climate Risk, Lottery Stocks, and Acquisition
Friday, May, 28, 5:30-7:00 P.M.
Chairperson: Shingo Goto, University of Rhode Island; shingo_goto@uri.edu
Climate Risk and Credit Ratings
Nhu Tran, ntran1@binghamton.edu
The Lottery-like Stocks Characteristics in Saudi Arabia
Saad Alshammari, University of Rhode Island, saalshammari@uri.edu
Shingo Goto, University of Rhode Island
Information Acquisition and Market Efficiency in M&As: Evidence from SEC EDGAR Web Traffic
Joanna (Xiaoyu) Wang, Georgia State University, xwang58@gsu.edu
PRERECORDED:
https://www.dropbox.com/sh/vm6i4o5w4tjnalf/AABN8GPPNei00gP28fQMzzKVa?dl=0
Indirect Evergreening Using Related Parties: Evidence from India.
Sriniwas Mahapatro, Indian School of Business, sriniwas mahapatro@isb.edu ,
Nishant Kashyap, Indian School of Business, nishant kashyap@isb.edu
Prasanna Tantri, Indian School of Business, prasanna tantri@isb.eduIndian
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Session 50 – Recognitions and Awards
Friday, May, 28, 7:30-9:00 P.M.
All Participants
GFC Executive Members
Program Chairs
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Best Wishes for all