Summary

PROGRAM OVERVIEW.................................................................................................................. 2
PROGRAM IN DETAILS .................................................................................................................. 8
LIST OF PARTICIPANTS................................................................................................................ 31

1
Program Overview
Monday, 08 July 2024
08:30 – 08:45 Registration & Coffee 8th FLOOR

08:45 – 09:00 Welcome and Opening Remarks Room 28801

8th FLOOR
Seri Koonjae-nak, DVM, Ph.D., Kasetsart University Vice President for Sriracha Campus,
Thailand
Jumpoth Boriraj, Ph.D., Dean of Faculty of Management Sciences, Kasetsart University, Thailand
Dr. Wiparat De-ong, PhD., Executive Director, National Research Council of Thailand, Thailand
Sabri Boubaker, Ph.D., Professor of Finance, EM Normandie Business School, France, Swansea
University, United Kingdom & President of ISAFE, Conference Co-Chair
Duc Khuong Nguyen, Ph.D., Professor of Finance and Acting Dean, EMLV - École de
Management Léonard de Vinci & President of AVSE Global, Conference Steering Committee
Hung Xuan Do, Ph.D., Associate Professor of Finance, Massey University, New Zealand &
Director of Finance and Banking Network, AVSE Global, Conference Steering Committee

09:00 – 10:00 Keynote Address (A1)

09:00 – 10:00 Topic: Corporate Morality Room 28801
8th FLOOR

Professor Iftekhar Hasan, University Professor and E. Gerald

Corrigan Chair in International Business and Finance, Fordham
University, United States

10:00 – 10:30 Coffee Break 8th FLOOR

10:30 – 12:00 Morning Parallel Sessions (A2)

10:30 – 12:00 A2.1: Asset pricing, allocation, and valuation ROOM 28601 (FLOOR 6)
Chair: Nhat-Tan Le, Fulbright University, Vietnam

10:30 – 12:00 A2.2: Behavioral and experimental finance ROOM 28602 (FLOOR 6)
Chair: Richard Ottoo, Global Association of Risk
Professionals, United States

10:30 – 12:00 A2.3: Central banking and monetary policy ROOM 28701 (FLOOR 7)
Chair: Frankie Chau, Durham University, United
Kingdom

10:30 – 12:00 A2.4: Corporate finance and governance ROOM 28702 (FLOOR 7)
Chair: Cheng Lee-Young, National Chung Cheng
University, Taiwan

10:30 – 12:00 A2.5: Sustainable finance, ethics, and CSR ROOM 28705 (FLOOR 7)
Chair: Paul Momtaz, Technical University of Munich,
Germany

2
10:30 – 12:00 A2.6: Financial engineering and derivatives ROOM 28706 (FLOOR 7)
Chair: Yu-Min Lian, Fu Jen Catholic University, Taiwan

10:30 – 12:00 A2.7: Commodity markets ONLINE

Chair: Shanglin Lu (University of International Business
and Economics, Beijing, China)

10:30 – 12:00 A2.8: Financial intermediation, institutions & services ONLINE

Chair: Jeffrey Chen (North Dakota State University,
United States)

10:30 – 12:00 A2.9: Sustainable finance, ethics, and CSR ONLINE

Chair: Kwasi Boateng, University of Tasmania, Australia

12:00 – 13:30 Lunch Break BALLROOM

FLOOR 14, BUILDING 27

13:30 – 15:00 Afternoon Parallel Sessions (B1)

13:30 – 15:00 B1.1: Asset pricing, allocation, and valuation ROOM 28601 (FLOOR 6)
Chair: Jérôme Detemple, Boston University Questrom
School of Business, United States

13:30 – 15:00 B1.2: Corporate finance and governance ROOM 28602 (FLOOR 6)
Chair: Viet Anh Dang, University of Manchester, United
Kingdom

13:30 – 15:00 B1.3: Financial intermediation, institutions & services ROOM 28701 (FLOOR 7)
Chair: Amine Tarazi, Université de Limoges, France &
Institut Universitaire de France, France

13:30 – 15:00 B1.4: Corporate finance and governance ROOM 28702 (FLOOR 7)
Chair: Eric Brisker, University of Akron, United States

13:30 – 15:00 B1.5: Sustainable finance, ethics, and CSR ROOM 28705 (FLOOR 7)
Chair: Ahmed Imran Hunjra, Rabat Business School,
Morrocco

13:30 – 15:00 B1.6: Corporate finance and governance ONLINE

Chair: Manel Allaya, University of Portsmouth, United
Kingdom

13:30 – 15:00 B1.7: Financial markets and commodity markets ONLINE

Chair: Rui-Xiang Zhai, National Kaohsiung University of
Science and Technology, Taiwan

13:30 – 15:00 B1.8: International finance and capital markets ONLINE

Chair: Fan Shi, Zhejiang Shuren University, China

13:30 – 15:00 B1.9: Quantitative finance ONLINE

Chair: Georgios Kouretas, Athens University of
Economics and Business, Greece & IPAG Business School,
Paris, France

3
15:00 – 15:30 Coffee Break 8th FLOOR

15:30 – 17:00 Afternoon Parallel Sessions (B2)

15:30 – 17:00 B2.1: Asset pricing, allocation, and valuation ROOM 28601 (FLOOR 6)
Chair: Keith Jin Deng Chan (Hong Kong University of
Science and Technology, Hong Kong, China

15:30 – 17:00 B2.2: Small businesses and entrepreneurship ROOM 28602 (FLOOR 6)
Chair: In Gyun Baek, National University of Singapore,
Singapore

15:30 – 17:00 B2.3: Real estate finance ROOM 28701 (FLOOR 7)

Chair: Abdullah Yavas (University of Wisconsin -
Madison, United States)

15:30 – 17:00 B2.4: Corporate finance and governance ROOM 28702 (FLOOR 7)
Chair: Sampan Nettayanun, Faculty of Business,
Economics and Communications, Phitsanulok, Thailand

15:30 – 17:00 B2.5: Sustainable finance, ethics, and CSR ROOM 28705 (FLOOR 7)
Chair: Yuwei Liao, Hong Kong University of Science and
Technology, China

15:30 – 17:00 B2.6: Corporate finance and governance ONLINE

Chair: Marco Botta (Università Cattolica del Sacro Cuore
(UCSC), Italy)

15:30 – 17:00 B2.7: Financial intermediation, institutions & services ONLINE

Chair: Jonathan Lee (University of Glasgow, United
Kingdom)

15:30 – 17:00 B2.8: Corporate finance and governance ONLINE

Chair: Khaled Hussainey, Bangor University, United
Kingdom

15:30 – 17:00 B2.9: Special Track: Fintech ONLINE

Chair: Mustafa Nourallah, Mid-Sweden University,
Sweden

19:00 – 22:00 GALA DINNER & BEST PAPER AWARDS

HOLIDAY INN PATTAYA, BAY TOWER, BALLROOM 1, FLOOR M

4
Tuesday, 09 July 2024

08:30 – 09:00 Registration & Coffee 8th FLOOR

09:00 – 10:00 Keynote Address (C1)

9:00 – 10:00 Topic: Research on ESG-SDG in Banking, Finance Room 28801
and Economics 8th FLOOR

Professor Jonathan Batten, Professor in Finance, RMIT

University, Melbourne, Australia

10:00 – 10:30 Coffee Break 8th FLOOR

10:30 – 12:00 Morning Parallel Sessions (C2)

10:30 – 12:00 C2.1: Behavioral and experimental finance ROOM 28601 (FLOOR 6)
Chair: Santiago Carbó-Valverde, University of
Valencia1 and Funcas, Spain

10:30 – 12:00 C2.2: Financial intermediation, institutions & services ROOM 28602 (FLOOR 6)
Chair: Kanis Saengchote, Chulalongkorn University,
Thailand

10:30 – 12:00 C2.3: Central banking and monetary policy ROOM 28701 (FLOOR 7)
Chair: Aristeidis Samitas, National and Kapodistrian
University of Athens, Greece

10:30 – 12:00 C2.4: Corporate finance and governance ROOM 28702 (FLOOR 7)
Chair: Natdanai Aleenajitpong, Kasetsart University,
Thailand

10:30 – 12:00 C2.5: Sustainable finance, ethics, and CSR ROOM 28705 (FLOOR 7)
Chair: Faten Moussa, MSB- South Mediterranean
University, Tunisia

10:30 – 12:00 C2.6: Asset pricing, allocation, and valuation ONLINE

Chair: Ting Zhang, University of Dayton, United States

10:30 – 12:00 C2.7: ESG and Corporate Governance. ONLINE

Chair: Sheng Dachen, Yamanashi Gakuin University,
Japan

10:30 – 12:00 C2.8: Sustainable finance, ethics, and CSR ONLINE

Chair: Nadia Doytch, CUNY-Brooklyn College and the
Graduate Center, United States

5
12:00 – 13:30 Lunch Break BALLROOM
FLOOR 14, BUILDING 27

13:30 – 15:00 Afternoon Parallel Sessions (D1)

13:30 – 15:00 D1.1: Corporate finance and governance ROOM 28601 (FLOOR 6)
Chair: Pornprom Prompes, Kasetsart University,
Thailand

13:30 – 15:00 D1.2: Financial markets and market microstructure ROOM 28602 (FLOOR 6)
Chair: Gaurav Kumar, National Institute of Technology
Jalandhar, India

13:30 – 15:00 D1.3: Mergers and acquisitions ROOM 28701 (FLOOR 7)

Chair: Hao Li, Cardiff University, United Kingdom

13:30 – 15:00 D1.4: Corporate finance and governance ROOM 28702 (FLOOR 7)
Chair: Jeffrey Chen, North Dakota State University,
United States

13:30 – 15:00 D1.5: Sustainable Finance, Ethics and CSR ROOM 28705 (FLOOR 7)
Chair: Waleed Alahdal, Universiti Malaysia Terengganu,
Malaysia

13:30 – 15:00 D1.6: Asset pricing, allocation, and valuation ONLINE

Chair: Christian Pohl, Technical University of Darmstadt,
Germany

13:30 – 15:00 D1.7: Financial intermediation, institutions & services ONLINE

Chair: Phuong Le, Ethifinance Analytics, France)

13:30 – 15:00 D1.8: Corporate finance and governance ONLINE

Chair: Linh Tu Ho, Lincoln University, New Zealand

13:30 – 15:00 D1.9: Sustainable finance, ethics, and CSR ONLINE

Chair: Malgorzata Iwanicz-Drozdowska, SGH Warsaw
School of Economics, Poland

15:00 – 15:30 Coffee Break 8th FLOOR

15:30 – 17:00 Afternoon Parallel Sessions (D2)

15:30 – 17:00 D2.1: Corporate Finance & Governance ROOM 28601 (FLOOR 6)
Chair: A. Can Inci, College of Business Bryant University,
United States

15:30 – 17:00 D2.2: Cryptocurrency and NFTs ROOM 28602 (FLOOR 6)

Chair: Barbara Będowska-Sójka, Poznań University of
Economics and Business, Poland

15:30 – 17:00 D2.3: Special Track: Fintech ROOM 28701 (FLOOR 7)

Chair: Peter Öhman, Mid-Sweden University, Sweden

15:30 – 17:00 D2.4: Corporate Finance and Governance ROOM 28702 (FLOOR 7)

6
 Chair: Pattarake Sarajoti, Sasin School of Management,
Chulalongkorn University, Thailand

15:30 – 17:00 D2.5: Behavioral and experimental finance ROOM 28705 (FLOOR 7)
Chair: Ayobolawole Ogundipe, University of Tasmania,
Australia

15:30 – 17:00 D2.6: Corporate Finance and Governance ONLINE

Chair: Jun Zhou, Tokyo International University, Japan

15:30 – 17:00 D2.7: Sustainable finance, ethics, and CSR ONLINE

Chair: Mahmoud Hassan, Bordeaux School of
Economics, France

15:30 – 17:00 D2.8: Corporate finance and governance ONLINE

Chair: Atta Mark Nyamekye, Yokohama National
University, Japan

15:30 – 17:00 D2.9: Sustainability and investments ONLINE

Chair: Takeda Fumiko & Yoshitaka Kubota, Keio
University, Japan

END OF CONFERENCE

Wednesday, 10 July 2024

08:30 – 12:30 SOCIAL EVENT

7
Program in Details
Monday, 08 July 2024
08:30 – 08:45 Registration & Coffee 8th FLOOR

08:45 – 09:00 Welcome and Opening Remarks Room 28801

8th FLOOR
Seri Koonjae-nak, DVM, Ph.D., Kasetsart University Vice President for Sriracha Campus,
Thailand
Jumpoth Boriraj, Ph.D., Dean of Faculty of Management Sciences, Kasetsart University, Thailand
Dr. Wiparat De-ong, PhD., Executive Director, National Research Council of Thailand, Thailand
Sabri Boubaker, Ph.D., Professor of Finance, EM Normandie Business School, France, Swansea
University, United Kingdom & President of ISAFE, Conference Co-Chair
Duc Khuong Nguyen, Ph.D., Professor of Finance and Acting Dean, EMLV - École de
Management Léonard de Vinci & President of AVSE Global, Conference Steering Committee
Hung Xuan Do, Ph.D., Associate Professor of Finance, Massey University, New Zealand &
Director of Finance and Banking Network, AVSE Global, Conference Steering Committee

09:00 – 10:00 Keynote Address (A1)

09:00 – 10:00 Topic: Corporate Morality Room 28801
8th FLOOR

Professor Iftekhar Hasan, University Professor and E. Gerald

Corrigan Chair in International Business and Finance, Fordham
University, United States

10:00 – 10:30 Coffee Break 8th FLOOR

10:30 – 12:00 Morning Parallel Sessions (A2)

10:30 – 12:00 A2.1: Asset pricing, allocation, and valuation ROOM 28601 (FLOOR 6)
Chair: Nhat-Tan Le, Fulbright University, Vietnam DISCUSSANT

Trade Size and the Changing Nature of Price Formation

(In person) Nhat-Tan Le (Fulbright
Ahmad Al-Haji (Université du Quebec a Montreal, University, Vietnam)
Montréal, Canada)
An Integral Equation Approach for the Valuation of Finite-
maturity Margin Call Stock Loans (In person)
Minh-Quan Nguyen (International University, Vietnam Sampan Nettayanun
National University, Vietnam), Nhat-Tan Le (Fulbright (Naresuan University,
University, Vietnam), Khuong Nguyen-An (University of Thailand)
Technology, Vietnam), Duc-Thi Luu (Vietnam National
University Ho Chi Minh City, Vietnam)
Identifying Factor Importance in Empirical Asset Pricing Ahmad Al-Haji (Université
by Interpretable Machine Learning (In person) du Quebec a Montreal,
Montréal, Canada)

8
 Sampan Nettayanun (Naresuan University, Thailand),
Siriyos Chuthanondha (The Stock Exchange of Thailand,
Bangkok, Thailand)

10:30 – 12:00 A2.2: Behavioral and experimental finance ROOM 28602 (FLOOR 6)
Chair: Richard Ottoo, Global Association of Risk DISCUSSANT
Professionals, United States

Investor Attention and Bitcoin Futures Market (In person) Adam Arian
Zih-Ying Lin (Fu Jen Catholic University, Taiwan), Chuan- (Australian Catholic
Chih Wu (Fu Jen Catholic University, Taiwan). University Brisbane,
Australia)
CEO Narcissism, Board Gender Diversity, and Investment
Behaviour (Online)
Richard Ottoo
Adam Arian (Australian Catholic University Brisbane,
(Global Association of Risk
Australia), Syed Shams (University of Southern Queensland
Professionals, United States)
Brisbane, Australia), Yimeng Liang (Monash Business
School, Australia)
Human Capital, Behavioral Risk, and Corporate
Weifeng Hung (
Valuation (In person)
Feng Chia University,
Richard Ottoo (Global Association of Risk Professionals,
Taiwan)
United States)
Return Seasonalities and Mispricing: Evidence from a
Retail Investors Trading Dominated (In person) Zih-Ying Lin
Weifeng Hung (Feng Chia University, Taiwan), Ching-Ting (Fu Jen Catholic University,
Lin (National Chengchi University, Taiwan), Pai-Ta Shih Taiwan)
(National Taiwan University, Taiwan), Wan-Jou Hu (CTBC
Bank Co., Ltd., Taiwan

10:30 – 12:00 A2.3: Central banking and monetary policy ROOM 28701 (FLOOR 7)
Chair: Frankie Chau, Durham University, United DISCUSSANT
Kingdom

Non-stationary Financial Risk Factors and Macroeconomic Carlos Madeira

Vulnerability for the UK (In person) (Bank for International
Katalin Varga (Central Bank of Hungary, Hungary), Tibor Settlements (BIS) and Central
Szendrei (Heriot-Watt University, United Kingdom) Bank of Chile, Chile)
The Impact of Banking Crises on Industrial Growth: Lessons
Frankie Chau
from the Last 40 Years (Online)
(Durham University, United
Carlos Madeira (Bank for International Settlements (BIS)
Kingdom)
and Central Bank of Chile, Chile)
Does Fed Communication Affect Uncertainty and Risk
Aversion? (In person)
Katalin Varga
Frankie Chau (Durham University, United Kingdom),
(Central Bank of Hungary,
Rataporn Deesomsak (Durham University, United
Hungary)
Kingdom), Raja Shaikh (Durham University, United
Kingdom).

10:30 – 12:00 A2.4: Corporate finance and governance ROOM 28702 (FLOOR 7)
Chair: Cheng Lee-Young, National Chung Cheng DISCUSSANT
University, Taiwan

The Marriage of Fintech and ESG in Investment Banks: Did

Bin Yang
Covid Matchmake them? (In Person)
(Jinan University, China)
Thuy Linh Vu (ESADE Business School, Spain)

9
 Cross-Border Regulatory Cooperation and Firm Cross-
Listing Decisions (In Person)
Cheng Lee-Young
Bin Yang (Jinan University, China), Xiaoqi Chen (Xiamen
(National Chung Cheng
University, China), Yangyang Chen (City University of
University, Taiwan)
Hong Kong, China), Jeffrey Pittman (Memorial University
of Newfoundland, Canada)
Insider Investment Horizon and M&A Performance (In
Person)
Thuy Linh Vu
Cheng Lee-Young (National Chung Cheng University,
(ESADE Business School,
Taiwan), Xuewu Wang (University of Delaware, United
Spain)
States), Mu-Shu Yun (National Chung Cheng University,
Taiwan), Yan Zhao (City College of New York, China).

10:30 – 12:00 A2.5: Sustainable finance, ethics, and CSR ROOM 28705 (FLOOR 7)
Chair: Paul Momtaz, Technical University of Munich, DISCUSSANT
Germany

Low-carbon Transformation and Enterprise Risk Transfer:

Muhammad Saad Baloch
Evidence from Listed Firms' Subsidiaries (In person)
(University of Southampton,
Xiaoran Ni (Xiamen University, China), Hongbin Deng
United Kingdom)
(Xiamen University, China)
EMNCs and Their Internationalization Dynamics: Role of
Mohsen Saad
Nonmarket Strategies (In person)
(American University of
Muhammad Saad Baloch (University of Southampton,
Sharjah, United Arab
United Kingdom) and Nouhaila Ettalibi (International
Emirates)
University of Rabat, Morocco)
The Green Side of Debt Heterogeneity: Evidence from
Facility-Level Toxic Releases (In person)
Sadok El Ghoul (University of Alberta, Canada), Omrane
Paul Momtaz
Guedhami (University of South Carolina, United States),
(Technical University of
Waleed Ihsan (University of South Carolina, United States
Munich, Germany)
& American University of Sharjah, United Arab Emirates),
Mohsen Saad (American University of Sharjah, United
Arab Emirates)
Cybercrime on the Ethereum Blockchain (In person) Xiaoran Ni
Lars Hornuf (Technische Universität Dresden, Germany), (Xiamen University, China)
Paul Momtaz (Technical University of Munich, Germany;
Goethe-University Frankfurt; Germany; and UCLA Anderson
School of Management, United States), Rachel J. Nam
(Goethe-University Frankfurt; SAFE, Germany) Ye Yuan
(Technical University of Munich, Germany.)

10:30 – 12:00 A2.6: Financial engineering and derivatives ROOM 28706 (FLOOR 7)
Chair: Yu-Min Lian, Fu Jen Catholic University, Taiwan DISCUSSANT

The Price Formation of GCC Country iShares: The Role of

Neeti Jain
Unsynchronized Trading Days between the US and the
(Indian Institute of Foreign
GCC Markets (In person)
Trade, New Delhi, India),
Nassar Al-Nassar (Qassim University, Saudi Arabia)
Influence of Minimum Support Price on Price Discovery in
Agricultural Futures Markets (In person) Yu-Min Lian
Neeti Jain (Indian Institute of Foreign Trade, New Delhi, (Fu Jen Catholic University,
India), Niti Nandini Chatnani (Indian Institute of Foreign Taiwan)
Trade, New Delhi, India).
Option Pricing in the Presence of Cojumps and Credit Risks
Nassar Al-Nassar
under Regime Switching (In person)

10
 Yu-Min Lian (Fu Jen Catholic University, Taiwan) (Qassim University, Saudi
Arabia)

10:30 – 12:00 A2.7: Commodity markets ONLINE

Chair: Shanglin Lu (University of International Business DISCUSSANT
and Economics, Beijing, China).

Implementation of a Commodity Trading Game in

Rima Assaf
Introductory Economics Courses (Online)
(American University in
Serkan Karadas (University of Illinois Springfield, United
Dubai, United Arab Emirates
States)
Unveiling the Linkages among Mineral and Renewable
Commodities and Regional Stock Sectors and Their
Shanglin Lu
Portfolio: Implications during Health and Military Crises
(China School of Banking
(Online)
and Finance, University of
Nassar S. Al-Nassar (Qassim University, Saudi Arabia),
International Business and
Rima Assaf (American University in Dubai, United Arab
Economics, Beijing, China).
Emirates), Anis Chaibi (Qassim University, Saudi Arabia),
Beljid Makram (Qassim University, Saudi Arabia).
Intraday Cross-sectional Momentum in Commodity Futures
(Online)
Yicheng Li (China School of Banking and Finance,
Serkan Karadas
University of International Business and Economics, Beijing,
(University of Illinois
China), Zhenya Liu (School of Finance, Renmin University
Springfield, United States)
of China, Beijing, China), Shanglin Lu (China School of
Banking and Finance, University of International Business
and Economics, Beijing, China).

10:30 – 12:00 A2.8: Financial intermediation, institutions & services ONLINE

Chair: Jeffrey Chen (North Dakota State University, DISCUSSANT
United States)

De-risking Strategies of Defined Benefits Plans and Morshadul Hasan

Economic Outcome: Empirical Evidence from U.S. Firms (Murdoch University,
(Online) Australia)
Ruilin Tian (North Dakota State University, United States),
Limin Zhang (North Dakota State University, United States),
Jeffrey Chen (North Dakota State University, United
States)
Negative Interest Rates and Shadow Banking (Online)
Zixuan Dai (University of South Australia, Australia), Lei Jeffrey Chen
Xu (University of South Australia, Australia), Chandra (North Dakota State
Krishnamurti (University of South Australia, Australia), University, United States)
Zenghua Lu (University of South Australia, Australia).
Bridging the Gap - How Neo-banking as FinTech
Zixuan Dai
Innovation is Driving Inclusive Finance? (Online)
(University of South
Morshadul Hasan (Murdoch University, Australia), Ariful
Australia, Australia)
Hoque (Murdoch University, Australia)

10:30 – 12:00 A2.9: Sustainable finance, ethics, and CSR ONLINE

Chair: Kwasi Boateng, University of Tasmania, Australia DISCUSSANT

ESG Investing: Systematic Literature Review Using ADO

Kwasi Boateng
and TCCM Framework (Online)
(University of Tasmania,
Shalini Aggarwal (Chandigarh University, India), Suzan
Australia)
Dsouza (American University of the Middle East, Kuwait),

11
 Roger Antoun (American University of the Middle East,
Kuwait).
Energy Efficiency Governance in China: An Index-Based
Comprehensive Evaluation (Online) Suzan Dsouza
Yi-Shuai Ren (Hunan University, China), Chao-Qun Ma (American University of the
(Hunan University, China), Yuan-Kun Xiong (Hunan Middle East, Kuwait)
University, China)
Socially Responsible Investment Funds: A Robust Test of
Efficiency (Online)
Kwasi Boateng (University of Tasmania, Australia), Dan Yuan-Kun Xiong
Daugaard (University of Tasmania, Australia), Vladimir (Hunan University, China)
Volkov (University of Tasmania, Australia), Faisal Khan
(University of Tasmania, Australia).

12:00 – 13:30 Lunch Break BALLROOM

FLOOR 14, BUILDING 27

13:30 – 15:00 Afternoon Parallel Sessions (B1)

13:30 – 15:00 B1.1: Asset pricing, allocation, and valuation ROOM 28601 (FLOOR 6)
Chair: Jérôme Detemple, Boston University Questrom DISCUSSANT
School of Business, United States

Impact of Market State on Momentum Portfolio Risk and

Performance: A Risk-based Explanation (In person) Daniel Chai (RMIT
Yi Liu (University of North Texas, United States), He Ren University, Australia)
(Texas Woman’s University, United States)
Salient Theory and the Cross-Section of Stock Returns: The
Role of Recency Effects (In person) Jérôme Detemple (Boston
Xin Chen (Shenzhen University, China), Daniel Chai (RMIT University Questrom School
University, Australia), Gaoping Zheng (RMIT University, of Business, United States)
Australia)
Contracting Firm Pollution (In person)
Yi Liu
Jérôme Detemple (Boston University Questrom School of
(University of North Texas,
Business, United States), Hao Xing (Boston University
United States)
Questrom School of Business, United States).

13:30 – 15:00 B1.2: Corporate finance and governance ROOM 28602 (FLOOR 6)
Chair: Viet Anh Dang, University of Manchester, United DISCUSSANT
Kingdom

Whistleblowing and Financial Statement Readability (In

Person) Viet Anh Dang
Sudipta Bose (University of Newcastle, Australia), Sandip (University of Manchester,
Dhole (Monash University, Australia), Abu Amin (Central United Kingdom)
Michigan University, United States).
Customer Concentration and Suppliers' Innovation
Investment: Do Common Institutional Investors play a role?
Abu Amin
(Online)
(Central Michigan University,
Bowen Wang (Massey University, New Zealand), Jing Liao
United States).
(Massey University, New Zealand), Jing Chi (Massey
University, New Zealand).
Extreme Weather Events and the Timeliness of Payment Bowen Wang
in Supply Chains: Evidence from Hurricane Katrina (In (Massey University, New
Person) Zealand)

12
 Viet Anh Dang (University of Manchester, United
Kingdom), Ning Gao (University of Manchester, United
Kingdom), Lin Hongge (University of Manchester, United
Kingdom).

13:30 – 15:00 B1.3: Financial intermediation, institutions & services ROOM 28701 (FLOOR 7)
Chair: Amine Tarazi, Université de Limoges, France & DISCUSSANT
Institut Universitaire de France, France

Barriers to the Expansion of Community Off-Grid Solar

Amine Tarazi
Systems: Evidence from Rural India (In person)
(Université de Limoges,
Keyur Thaker (Indian Institute of Management Indore,
France & Institut Universitaire
India & University of Canberra, Australia), Himanshu Pota
de France, France),
(The University of New South Wales, Australia)
Does Good Fund Performance Lead to Divergence Keyur Thaker
among Investors' Beliefs of the Manager's Skill? (Online) (Indian Institute of
Zhenya Liu (Renmin University of China), Zhan Yaosong Management Indore, India &
(Sun Yat-Sen University, China) University of Canberra,
Australia)
Liquidity Shock and Bank Risk (In person)
Amine Tarazi (Université de Limoges, France & Institut Zhan Yaosong
Universitaire de France, France), Isabelle Distinguin (Sun Yat-Sen University,
(Université de Limoges, France), Oussama Labchara China)
(Université de Limoges, France)

13:30 – 15:00 B1.4: Corporate finance and governance ROOM 28702 (FLOOR 7)
Chair: Eric Brisker, University of Akron, United States DISCUSSANT

How Do Languages React to CDS Spreads? (In person) Eric Brisker

Hungyi Huang (Soochow University, Taiwan) (University of Akron, United
States)
Digital Technologies and their Differential Impact on
Sustainable (In person)
Hungyi Huang
Yiyao Miao (Hangzhou City University, China), Sultan
(Soochow University,
Sikandar Mirza (University of Waikato, New Zealand),
Taiwan)
Chengming Huang (Hangzhou City University, China),
Chengwei Zhang (John Hopkins University).
CEO Inside Debt and the Sell-Off Decision (In Person)
Aigbe Akhigbe (University of the District of Columbia,
Sultan Sikandar Mirza
United States), Eric Brisker (University of Akron, United
(University of Waikato, New
States), Duong Pham (Georgia Southern University, United
Zealand)
States), Ann Marie Whyte (University of Central Florida,
United States).

13:30 – 15:00 B1.5: Sustainable finance, ethics, and CSR ROOM 28705 (FLOOR 7)
Chair: Ahmed Imran Hunjra, Rabat Business School, DISCUSSANT
Morrocco

Unmasking Greenwashing: ESG's Impact on Chinese Stock

Returns (In person)
Yi-Shuai Ren
John Cotter (University College Dublin, Ireland), Thomas
(Hunan University, China)
Conlon (University College Dublin, Ireland), Min Zhang
(University College Dublin, Ireland)
Russia-Ukraine War and Corporate Social Responsibility: Ahmed Imran Hunjra
Evidence from the Largest Oil Importers and Exporters (In (Rabat Business School,
person) Morrocco),

13
 Xukang Liu (Hunan University, China), Xiaolin Kong (Hunan
University, China), Yi-Shuai Ren (Hunan University, China)
Role of Energy Transition and Inclusive Governance in
Min Zhang
Energy and Climate Uncertainty (In person)
(University College Dublin,
Ahmed Imran Hunjra (Rabat Business School, Morrocco),
Ireland)
Muhammad Azam (Ghazi University, Pakistan).

13:30 – 15:00 B1.6: Corporate finance and governance ONLINE

Chair: Manel Allaya, University of Portsmouth, DISCUSSANT
United Kingdom.

Does Business Strategy Make Firms More Resilient during

the COVID-19 Pandemic Period? (Online)
Tanveer Ahsan (Rennes School of Business, France), Ammar Najoua Elommal
Ali Gull (École de management Léonard de Vinci, France), (ISTEC Paris, France)
Sabri Boubaker (EM Normandie Business School, France),
Riadh Manita (Neoma Business School, France)
R&D Background of the Top Management Team and
Corporate Social Responsibility: Evidence from Chinese
Family-Listed Enterprises (Online) Manel Allaya
Najoua Elommal (ISTEC Paris, France), Ren Yi-Shuai (University of Portsmouth,
(School of Public Administration, Hunan University, China), Portsmouth, United Kingdom)
Kong Xiaolin (Business School, Hunan University, China), Liu
Xukang (Business School, Hunan University, China)

Does Religiosity Matter for Annual Report Readability?

(Online)
Manel Allaya (University of Portsmouth, Portsmouth, Béchir Ben Lahouel
United Kingdom), Khaled Hussainey (University of (IPAG Business School Paris,
Portsmouth, Portsmouth, United Kingdom), Konstantinos France)
Kallias (University of Portsmouth, Portsmouth, United
Kingdom)

Corporate social responsibility in the airline industry:

Optimality and curvilinear effects on financial
performance (Online/Onsite) Riadh Manita
Béchir Ben Lahouel (IPAG Business School Paris, (Neoma Business School,
France), Lotfi Taleb (École Supérieure Des Sciences France)
Economiques et Commerciales de Tunis, Tunisia)

13:30 – 15:00 B1.7: Financial markets and commodity markets ONLINE

Chair: Rui-Xiang Zhai, National Kaohsiung University of DISCUSSANT
Science and Technology, Taiwan

Heterogeneous Stock Market Impact of Russia-Ukraine Rui-Xiang Zhai

War for the World's Largest Oil and Gas Companies (National Kaohsiung
(Online) University of Science and
António Martins (Universidade da Madeira, Portugal) Technology, Taiwan)
Climate Policy Uncertainty and the U.S. Stock Markets:
The Predictability Using Particle Swarm Optimization with
António Martins
eXtreme Gradient Boosting (Online)
(Universidade da Madeira,
Caihao Lu (Lincoln University, New Zealand), Cuong
Portugal)
Nguyen (Lincoln University, New Zealand), Christopher
Gan (Lincoln University, New Zealand)

14
 Financialization Effect on Dynamics of the Commodity
Futures Markets across Trader Types during Market
Crises (Online) Caihao Lu
Rui-Xiang Zhai (National Kaohsiung University of Science (Lincoln University, New
and Technology, Taiwan), Chung-Chieh Cheng (National Zealand)
Yang-Ming Chiao Tung University, Taiwan), Shih-Cheng
Hsu (National Sun Yat-sen University, Taiwan)

13:30 – 15:00 B1.8: International finance and Capital markets ONLINE

Chair: Fan Shi, Zhejiang Shuren University, China DISCUSSANT

Exchange Rate Flexibilization and Macroeconomic

Determinants: Evidence from MENA Region (Online)
Fan Shi
Nouhaila Moutaib (The Higher Institute of Commerce and
(Zhejiang Shuren University,
Business Administration, Morocco), Younes Lahrichi (The
China)
Higher Institute of Commerce and Business Administration,
Morocco).
Forward Premium Anomaly Resolved (Online) Nouhaila Moutaib
Nilanjana Chakraborty (Independent researcher), (The Higher Institute of
Mohammed Elgammal (Qatar University, Qatar), David Commerce and Business
Mcmillan (University of Stirling, United Kingdom) Administration, Morocco)
Shocks of International Financial Risks and Fluctuations in
China's Economic Cycles (Online) Nilanjana Chakraborty
Fan Shi (Zhejiang Shuren University, China), Dan Zhang (Independent researcher)
(Hunan University of Technology and Business, China)

13:30 – 15:00 B1.9: Quantitative finance ONLINE

Chair: Georgios Kouretas, Athens University of DISCUSSANT
Economics and Business, Greece & IPAG Business School,
France

The Idiosyncratic Volatility Puzzle in China: A Spatial

Econometric Perspective (Online) Georgios Kouretas
Bo Li (Beijing International Studies University, China), (Athens University of
Zhenya Liu (EM Normandie Business School, Métis Lab, Economics and Business,
France), Fengping Ma (Beijing International Studies Greece & IPAG Business
University, China), Xuemei Jia (Beijing International Studies School, France),
University, China)
Operational Risk Measurement: A Novel Approach
Incorporating Reputational Risk Losses (Online)
Yinghui Wang (University of Chinese Academy of Fengping Ma
Sciences, China), Xuting Mao (University of Chinese (Beijing International Studies
Academy of Sciences, China), Jianping Li (University of University, China)
Chinese Academy of Sciences, China), Xiaoqian Zhu
(University of Chinese Academy of Sciences, China)
Assessing Global Spillovers of Climate Risks on Stock
Market Volatility (Online)
Georgios Kouretas (Athens University of Economics and
Yinghui Wang
Business, Greece & IPAG Business School, France),
(University of Chinese
Evangelos Salachas (Athens University of Economics and
Academy of Sciences, China)
Business, Greece); Theodoros (Athens University of
Economics and Business, Greece), Nikiforos Laopodis (The
American College of Greece, Greece)

15:00 – 15:30 Coffee Break 8th FLOOR

15:30 – 17:00 Afternoon Parallel Sessions (B2)

15
15:30 – 17:00 B2.1: Asset pricing, allocation, and valuation ROOM 28601 (FLOOR 6)
Chair: Keith Jin Deng Chan (Hong Kong University of DISCUSSANT
Science and Technology, Hong Kong, China

Data-driven Sparse Index-tracking under Leverage

Keith Jin Deng Chan
Control (In person)
(Hong Kong University of
Chanaka Edirisinghe (Rensselaer Polytechnic Institute,
Science and Technology,
United States), Jaehwan Jeong (Radford University,
Hong Kong, China),
United States)
Geopolitical Risks and Oil Production in the Middle East
and Africa: Connectedness and Predictability using
Chanaka Edirisinghe
Machine Learning (In person)
(Rensselaer Polytechnic
Anh Le (Lincoln University, New Zealand), Caihao Lu
Institute, United States)
(Lincoln University, New Zealand), Cuong Nguyen (Lincoln
University, New Zealand)
The Double-Edged Sword of Firm's Commitment to Net
Zero on the Carbon Risk Premium (In person)
Anh Le
Keith Jin Deng Chan (Hong Kong University of Science
(Lincoln University, New
and Technology, Hong Kong, China), Wilson Tsz Shing
Zealand)
Wan (Hong Kong University of Science and Technology,
Hong Kong, China).

15:30 – 17:00 B2.2: Small businesses and entrepreneurship ROOM 28602 (FLOOR 6)
Chair: In Gyun Baek, National University of Singapore, DISCUSSANT
Singapore

Fueling Innovation Capabilities through Equity Financing:

Does SME Trust in Venture Capitalists Matter? (In person) In Gyun Baek (National
Saqib Aziz (Rennes School of Business, France), Ahmad University of Singapore,
Ashal (Lebanese International University, Lebanon), Jad Singapore)
Bazih (Audencia Business School, France)
Syndication Patterns of Venture Capital Investments (In Wasim Ahmad
person) (Indian Institute of
Maia Gejadze (IESEG School of Management, France) Technology Kanpur, India)
Old and New: How Do Incumbent Financial Institutions
Influence Fintech Outcomes? (In person) Maia Gejadze
Wasim Ahmad (Indian Institute of Technology Kanpur, (IESEG School of
India), Manmeet Kaur (Indian Institute of Technology Management, France)
Kanpur, India)
Reducing Small Entities' Information Disadvantages and Saqib Aziz
Patent Abandonment with Online Accessibility (In person) (Rennes School of Business,
Ben Charoenwong (National University of Singapore, France)
Singapore; INSEAD Singapore, Singapore), In Gyun Baek
(National University of Singapore, Singapore), Yupeng Lin
(National University of Singapore, Singapore)

15:30 – 17:00 B2.3: Real estate finance ROOM 28701 (FLOOR 7)

Chair: Abdullah Yavas (University of Wisconsin - DISCUSSANT
Madison, United States)

Inflation Hedging: A Comparative Wavelet Quantile

Correlation Analysis of Real Estate and Alternative Assets
Abdullah Yavas
(In person)
(University of Wisconsin -
Yasmine Essafi (Métis lab, EM Normandie Business
Madison, United States)
School, France) and Aya Nasreddine (University Paris-
Nanterre, France)

16
 Not all REITs Are Alike: Modelling the Dynamic
Yehudith Kahn
Connectedness of Sectoral REITs and the US Yield Curve
(Hadassah Academic
(In person)
College, Israel)
Umar Zaghum (Zayed University, United Arab Emirates)
Understanding the Unique Regulatory Landscape of
Israeli Mortgages: A Comparative Analysis with OECD Umar Zaghum
Countries, Emphasizing the Risks of Variable Interest (Zayed University, United
Rates for Borrowers (In person) Arab Emirates)
Yehudith Kahn (Hadassah Academic College, Israel)
Price Impact of Climate Risk on Commercial Real Estate
(In person)
Aya Nasreddine
Lu Fang (Florida International University, United States),
(University Paris-Nanterre,
Lingxiao Li (California State University, United States),
France)
David Scofield (Ryerson University, Canada), Abdullah
Yavas (University of Wisconsin - Madison, United States)

15:30 – 17:00 B2.4: Corporate finance and governance ROOM 28702 (FLOOR 7)
Chair: Sampan Nettayanun, Faculty of Business, DISCUSSANT
Economics and Communications, Phitsanulok, Thailand

Investing in a Bigger World: The Effects of Digital

Transformation (In person) Sampan Nettayanun
Tao Li (Central University of Finance and Economics, (Faculty of Business,
China), Wei Tu (Central University of Finance and Economics and
Economics, China), Hongdan Zhao (Jilin Normal Communications, Phitsanulok,
University, China), Xuankai Zhao (Central University of Thailand)
Finance and Economics, China)
Strategic Reinsurance and Explainable AI (In person)
Sirimon Treepongkaruna
Sampan Nettayanun (Faculty of Business, Economics and
(University of Western
Communications, Phitsanulok, Thailand), Eric R. Brisker (The
Australia, Australia)
University of Akron, United States)
Does the Type's Financial Constraint Affect the Firm's
Xuankai Zhao
Behavior in Managing Its Earnings? (Online)
(Central University of Finance
Pradip Banerjee (Indian Institute of Management Indore,
and Economics, China)
India)
Do R&D and free cash flows increase value relevance in
efficient-investment firms? Study on listed companies on
the Swiss Stock Exchange (In person)
Pradip Banerjee (Indian
Winston Fiero (Universitas Surabaya, Indonesia), Felizia
Institute of Management
Arni Rudiawarni (Universitas Surabaya, Indonesia),
Indore, India)
Dedhy Sulistiawan (Universitas Surabaya, Indonesia),
Bruno S. Sergi (Harvard University, USA & University of
Messina, Italy)

15:30 – 17:00 B2.5: Sustainable finance, ethics, and CSR ROOM 28705 (FLOOR 7)
Chair: Yuwei Liao, Hong Kong University of Science and DISCUSSANT
Technology, China

Women Directors and CSR Report Assurance: An

International Examination (In person)
Chou-Kang Chiu
Ammar Ali Gull (École de management Léonard de Vinci,
(National Chengchi
France), Ammar Abid (COMSATS University Islamabad,
University, Taiwan)
Pakistan), Asad Ali Rind (South Champagne Business
School, France)

17
 Self-Determination, Competence, and Relatedness and
Their Impact on Green Performance: A Theoretical Yuwei Liao
Modeling Study (In person) (Hong Kong University of
Chou-Kang Chiu (National Chengchi University, Taiwan), Science and Technology,
Chieh-Peng Lin (National Yang-Ming Chiao Tung China)
University).
Decarbonization Record and Green Bond Premium (In
person)
Asad Ali Rind
Keith Jin Deng Chan (Hong Kong University of Science and
(South Champagne Business
Technology, China), Yuwei Liao (Hong Kong University of
School, France)
Science and Technology, China), Wilson Tsz Shing Wan
(Hong Kong University of Science and Technology, China)

15:30 – 17:00 B2.6: Corporate finance and governance ONLINE

Chair: Marco Botta (Università Cattolica del Sacro Cuore DISCUSSANT
(UCSC), Italy)

Reform or Friction? ESG Disclosure Regulation around the

World and M&A Outcomes (Online)
Hisham Farag (University of Birmingham, United Marco Botta
Kingdom), Santosh Koirala (University of Birmingham, (Università Cattolica del
United Kingdom), Sandeep Rao (Dublin City University, Sacro Cuore (UCSC), Italy)
Ireland), Rizwan Ahmad (University of Kent, United
Kingdom)

National Culture and Capital Structure Dynamics (Online) Hisham Farag

Marco Botta (Università Cattolica del Sacro Cuore (University of Birmingham,
(UCSC), Italy) United Kingdom)
Investor Overconfidence and Corporate Leasing (Online) Zijun Cai
Zan Ye (The University of Queensland, Australia) (Northwestern Polytechnical
University, China)
Protecting the Vulnerable Workers: Digital Finance and
Firm Employment during the COVID-19 Pandemic
(Online)
Liang Jin (Jiangxi University of Finance and Economics, Zan Ye
China), Lin Chen (Northwestern Polytechnical University, (The University of
China), Meijun Wu (Northwestern Polytechnical University, Queensland, Australia)
China), Zijun Cai (Northwestern Polytechnical University,
China), Guanghua Xie (Xi’an University of Finance and
Economics, China)

15:30 – 17:00 B2.7: Financial intermediation, institutions & services ONLINE

Chair: Jonathan Lee (University of Glasgow, United DISCUSSANT
Kingdom)

Banks Stock Market Reaction to the Italian and Spanish Asma Houcine
Windfall Tax Announcement: An Event Study (Online) (Excelia Business School,
António Martins (Universidade da Madeira, Portugal) France)
Regulating Zombie Mortgages (Online)
Jonathan Lee (University of Glasgow, United Kingdom), António Martins
Duc Duy Nguyen (Durham University, United Kingdom), (Universidade da Madeira,
and Huyen Nguyen (Halle Institute for Economic Research Portugal)
and Friedrich Schiller University Jena, Germany)
Social Capital, Institutions, and Financing Constraints
Jonathan Lee
around the World (Online)
(University of Glasgow,
Charilaos Mertzanis (Abu Dhabi University, United Arab
United Kingdom)
Emirates), Asma Houcine (Excelia Business School, France)

18
15:30 – 17:00 B2.8: Corporate finance and governance ONLINE
Chair: Khaled Hussainey, Bangor University, United DISCUSSANT
Kingdom

Does Policy Board Independence Influence ESG

Performance? (Online) Khaled Hussainey
Md Akhtaruzzaman (Australian Catholic University, (Bangor University, United
Australia), Sohel Mehedi (Australian Catholic University, Kingdom)
Australia)
Effects of Corporate Governance Code on Corporate
Governance Practices and Firm Performance (Online) Sohel Mehedi
Thai Hanh Minh (Hanoi University of Science and (Australian Catholic
Technology, Vietnam), Nguyen Thanh Thi Phuong (Japan University, Australia)
Securities Research Institute, Japan)
Carbon Risk and Trade Credit (Online)
Hamdi Ben-Nasr (Qatar University, Qatar), Shadin Thai Hanh Minh (Hanoi
Almasry (Qatar University), Abdullah-Al Masum (Johnson University of Science and
C. Smith University, United States), Zeineb Ouni (Université Technology, Vietnam)
du Québec a Trois-Rivières, Canada)
The Impact of Brexit Disclosure on Trade Credit (Online)
Mahmoud Elmarzouky (University of St. Andrews, United
Kingdom), Khaled Hussainey (Bangor University, United Hamdi Ben-Nasr
Kingdom), Khaldoon Albitar (Glasgow University, United (Qatar University, Qatar)
Kingdom), Fadi Alkaraan (Lincoln University, United
Kingdom)

15:30 – 17:00 B2.9: Special Track: Fintech ONLINE

Chair: Mustafa Nourallah, Mid-Sweden University, DISCUSSANT
Sweden

Digital Finance and Birth Rates: Evidence from China

(Online)
Hassan Obeid
Junshi Chen (Massey University, New Zealand), Jing Chi
(Paris Business School,
(Massey University, New Zealand), David Smith (Massey
France),
University, New Zealand), Mui Kuen Yuen (Massey
University, New Zealand)
Corporate Governance, Bank Stability and Risk Taking in
the MENA Banks (Online)
Junshi Chen
Hassan Obeid (Paris Business School, France), Haytham
(Massey University, New
Labban (University of Paris-8 Vincennes Saint-Denis,
Zealand)
France), Josse Roussel (University of Paris-8 Vincennes
Saint-Denis, France)

19:00 – 22:00 GALA DINNER & BEST PAPER AWARDS

HOLIDAY INN PATTAYA, BAY TOWER, BALLROOM 1, FLOOR M

Tuesday, 09 July 2024

08:30 – 09:00 Registration & Coffee 8th FLOOR

09:00 – 10:00 Keynote Address (C1)

19
09:00 – 10:00 Topic: Research on ESG-SDG in Banking, Finance Room 28801
and Economics 8th FLOOR
Professor Jonathan Batten, Professor in Finance, RMIT
University, Melbourne, Australia

10:00 – 10:30 Coffee Break 8th FLOOR

10:30 – 12:00 Morning Parallel Sessions (C2)

10:30 – 12:00 C2.1: Behavioral and Experimental Finance ROOM 28601 (FLOOR 6)
Chair: Santiago Carbó-Valverde, University of DISCUSSANT
Valencia1 and Funcas, Spain

Winners and Losers of IPO Lotteries in India (In person)

Santiago Carbó-Valverde
Raghupathy Madhavan Balakrishnan (Shiv Nadar
(University of Valencia1 and
University, India), Surya Majumdar (Shiv Nadar
Funcas, Spain)
University, India).
Herding in Investment Trusts. New Evidence Using Tick-by-
Surya Majumdar
Tick Data (In person)
(Shiv Nadar University,
Karthik Natashekara (Indian Institute of Management
India).
Kozhikode, India)
Cryptocurrency Ownership and Cognitive Biases in
Perceived Financial Literacy (In person) Karthik Natashekara
Santiago Carbó-Valverde (University of Valencia1 and (Indian Institute of
Funcas, Spain), Pedro J. Cuadros-Solas (CUNEF Management Kozhikode,
Universidad and Funcas, Spain), Francisco Rodríguez- India)
Fernández (University of Granada and Funcas, Spain)

10:30 – 12:00 C2.2 Financial intermediation, institutions & services ROOM 28602 (FLOOR 6)
Chair: Kanis Saengchote, Chulalongkorn University, DISCUSSANT
Thailand

Volatility Transmission of Alternative Energy to U.S.

Financial System: A Study of Systemic Stress and High
Ramsha Noor
Inflation Period (In person)
(Lahore School of Economics,
Syed Shams (University of Southern Queensland,
Pakistan)
Australia), Tonmoy Choudhury (Western Sydney University,
Australia)
The Impact of Green Banking Practices and Climate
Change Mitigation on Banking Sector Performance Kanis Saengchote
(Online) (Chulalongkorn University,
Ramsha Noor (Lahore School of Economics, Pakistan), Thailand)
Ayesha Afzal (Lahore School of Economics, Pakistan)
Blockchain Banks and the Global Systematically Syed Shams (University of
Important Protocol (G-SIP) Framework (In person) Southern Queensland,
Kanis Saengchote (Chulalongkorn University, Thailand) Australia)

10:30 – 12:00 C2.3 Central banking and monetary policy ROOM 28701 (FLOOR 7)

20
 Chair: Aristeidis Samitas, National and Kapodistrian DISCUSSANT
University of Athens, Greece

The RMB/USD Exchange Rate: Evidence from SETAR

Analysis (In person) Tibor Pal
Jinzhao Chen (ESC Clermont Business School & University (University of Salerno, Italy)
of Clermont Auvergne-CLERMA, France)
Estimating the Natural Rate of Interest and The Risk
Appetite in the US: An Accelerating Score-Driven State Aristeidis Samitas
Space Model (In person) (National and Kapodistrian
Tibor Pal (University of Salerno, Italy), Giuseppe Storti University of Athens, Greece)
(University of Salerno, Italy)
Machine Learning Analysis of Banking Stability:
Leveraging the CAMELS Framework for Global Jinzhao Chen
Predictions (In person) (ESC Clermont Business
Aristeidis Samitas (National and Kapodistrian University School & University of
of Athens, Greece), Stefanos Theofilis (University of the Clermont Auvergne-
Aegean, Greece), Ilias Kampouris (Abu Dhabi University, CLERMA, France)
United Arab Emirates)

10:30 – 12:00 C2.4 Corporate finance and governance ROOM 28702 (FLOOR 7)
Chair: Natdanai Aleenajitpong, Kasetsart University, DISCUSSANT
Thailand

Distributional Implications of Corporate Financing (Online)

Wissal Ben Letaifa
Haris Khan (Information Technology University, Pakistan),
(ESSEC, University of Tunis,
Choudhry Tanveer Shehzad (Lahore University of
Tunisia)
Management Sciences, Pakistan)
The Determinants of Audit Opinion in Resilient Firms
before and after Covid Pandemic: The Case Study of
Tunisian Banks Publishing CSR Information (In person) Natdanai Aleenajitpong
Wissal Ben Letaifa (ESSEC, University of Tunis, (Kasetsart University,
Tunisia), Lotfi Taleb (ESSEC, University of Tunis, Thailand)
Tunisia), Ichrak Maamouri (ESSEC, University of Tunis,
Tunisia)
Initiating Electric Vehicle Price Index and its factors during
COVID-19 Pandemic: Evidence from the Stock Exchange
Haris Khan
of Thailand (In person)
(Information Technology
Natdanai Aleenajitpong (Kasetsart University,
University, Pakistan)
Thailand), Karn Kaewphanpong (Kasetsart University,
Thailand)

10:30 – 12:00 C2.5 Sustainable finance, ethics, and CSR ROOM 28705 (FLOOR 7)
Chair: Faten Moussa, MSB- South Mediterranean DISCUSSANT
University, Tunisia

The Impact of ESG on Firm's Performance in Malaysian

non-financial Listed Firms: the Role of Board Gender
Diversity (In person)
Mohamed Adnan Shayuti (Universiti Malaysia Faten Moussa
Terengganu, Malaysia and Universiti Malaysia (MSB- South Mediterranean
Terengganu, Malaysia), Muskan Sahu (Banaras Hindu University, Tunisia),
University, India),
Waleed Al Ahdal (Universiti Malaysia Terengganu,
Malaysia)
Does the Presence of Foreign Institutional Investors Impact Mohamed Adnan Shayuti
ESG Reporting? (In person) (Universiti Malaysia

21
 Archana Patro (Indian Institute of Management Bodh Terengganu, Malaysia and
Gaya, India), Geeti Mishra (Indian Institute of Universiti Malaysia
Management Indore), Aviral Tiwari (Indian Institute of Terengganu, Malaysia)
Management Bodh Gaya, India)
Sectoral carbon emissions in the MENA region: The role of
Archana Patro
financial variables (In person)
(Indian Institute of
Faten Moussa (MSB- South Mediterranean University,
Management Bodh Gaya,
Tunisia), Ezzeddine Delhoumi (IHEC Carthage, Carthage
India)
University, Tunisia)

10:30 – 12:00 C2.6 Asset pricing, allocation, and valuation ONLINE

Chair: Ting Zhang, University of Dayton, United States DISCUSSANT

Evaluating Hit and Runs: Resolution of Uncertainty and

Investment Goals (Online)
Ting Zhang
Edward Lawrence (Florida International University, United
(University of Dayton, United
States), Robinson Reyes-Peña (Florida International
States)
University, United States), John S. Zdanowicz (Florida
International University, United States).
Predicting CDS Spreads and Stock Returns with
Weather Risk: A Study Utilizing NLP/LLM and AI Robinson Reyes-Peña
Measures (Online) (Florida International
Yi Zhou (College of Business, San Francisco State University, United States)
University, United States)
Do Pensions Have Real Teeth? Evidence from the State
Government Borrowing Costs (Online)
Ting Zhang (University of Dayton, United States), Sumit Yi Zhou
Agarwal (National University of Singapore, (College of Business, San
Singapore), Chunlin Liu (University of Nevada at Reno, Francisco State University,
United States), Qun Wu (University of Nevada at Reno, United States)
United States), Rachel Peng (University of Dayton, United
States)
10:30 – 12:00 C2.7 ESG and Corporate Governance. ONLINE
Chair: Sheng Dachen, Yamanashi Gakuin University, DISCUSSANT
Japan

ESG Fund Flows Under Shocks: Are They More Resilient

Against Macro-Financial Shocks? (Online)
Sheng Dachen
Yanchen Wang (Hong Kong Monetary Authority, Hong
(Yamanashi Gakuin
Kong), Steven Chan (Hong Kong Monetary Authority,
University, Japan)
Hong Kong), Mia Xiao (Hong Kong Monetary Authority,
Hong Kong)
Does Corporate Internationalization Affect Green
Innovation? Evidence from China (Online)
Yanchen Wang
Xiaozhi Huang (Guangxi University, China), Xiaoyi Qu
(Hong Kong Monetary
(Guangxi University, China), Sabri Boubaker (M
Authority, Hong Kong)
Normandie Business School, France), Wanfu Li (Nanjing
University of Finance and Economics, China)
The ethical issue of knowing in advance: Information
asymmetry in corporate governance (Online)
Xiaoyi Qu
Sheng Dachen (Yamanashi Gakuin University, Japan),
(Guangxi University, China)
Heather Montgomery (International Christian University,
Japan)

10:30 – 12:00 C2.8 Sustainable finance, ethics, and CSR ONLINE

22
 Chair: Nadia Doytch, CUNY-Brooklyn College and the DISCUSSANT
Graduate Center, United States

Oil Price Uncertainty and Firm Green Innovation

Disclosure (Online)
Kai Huang (Hokowhitu, New Zealand and Massey Khosrul Alam (Australian
University, New Zealand), Jing Liao (Massey University), Catholic University, Australia)
Jing Chi (Massey University, New Zealand); Yuen Mui Kuen
(Massey University, New Zealand)
Contributions of Scientific Research and Financial
Development on Greenhouse Gas Emissions in ANZUS Nadia Doytch
Countries (Online) (CUNY-Brooklyn College and
Khosrul Alam (Australian Catholic University, Australia), the Graduate Center, United
Md Akhtaruzzaman (Australian Catholic University, States),
Australia)
Do Structural Transformation and ICT Development Kai Huang (Hokowhitu, New
Reduce the Ecological Footprints of Nations? (Online) Zealand and Massey
Nadia Doytch (CUNY-Brooklyn College and the Graduate University, New Zealand)
Center, United States), Canh Nguyen (University of
Economics Ho Chi Minh City, Vietnam), Ayesha Ashraf
(Women University, Pakistan)

12:00 – 13:30 Lunch Break BALLROOM

FLOOR 14, BUILDING 27

13:30 – 15:00 Afternoon Parallel Sessions (D1)

13:30 – 15:00 D1.1 Corporate Finance and Governance ROOM 28601 (FLOOR 6)
Chair: Pornprom Prompes, Kasetsart University, DISCUSSANT
Thailand

Board Co-option and Audit Quality: Evidence from the

US (In person) Ajay Kumar Mishra
Asif Saeed (University of Waikato Institute, Hangzhou City (Vinod Gupta School of
University, China), Umer Iqbal (Northumbria University, Management India)
United Kingdom)
Board Governance, ESG, and Firm Value: The Mediating
Effect of Short Term Financial (In person)
Allan Hodgson (UQ Business School, The University of Asif Saeed
Queensland, Australia), Suntharee Lhaopadchan (Faculty (University of Waikato
of Management Sciences, Kasetsart University, Institute, Hangzhou City
Thailand), Pornprom Prompes (Faculty of Management University, China)
Sciences, Kasetsart University, Thailand).

Financial Surplus and Capital Structure Dynamics:

Evidence from Indian Firms (In person) Pornprom Prompes
Ajay Kumar Mishra (Vinod Gupta School of Management (Faculty of Management
India), Yogesh Chauhan (Indian Institute of Management Sciences, Kasetsart
Raipur, India), Trilochan Tripathy (Xavier School of University, Thailand)
Management, India)

13:30 – 15:00 D1.2 Financial markets and market microstructure ROOM 28602 (FLOOR 6)
Chair: Gaurav Kumar, National Institute of Technology DISCUSSANT
Jalandhar, India

23
 Market reaction to Hindenburg reports: Exploring impacts
and bolsters (In person)
Mohammed
Dharen Pandey (Magadh University, India), Gaurav
Muhsin (University of
Kumar (National Institute of Technology Jalandhar, India),
Hyderabad, India)
Rahul Kumar (Indian Institute of Management Sambalpur,
India)
Understanding Risk Absorption in the Banking System:
Gaurav Kumar
Fresh Evidence from an Emerging Market (In person)
(National Institute of
Shiv Ratan Tiwari, (Indian Institute of Technology Kanpur,
Technology Jalandhar, India)
India)
Tokenized Bonds for Emerging Countries (In person)
Shiv Ratan Tiwari, (Indian
Mohammed Muhsin (University of Hyderabad, India),
Institute of Technology
Vijaya Marisetty (Indian Institute of Management
Kanpur, India)
Visakhapatnam, India)

13:30 – 15:00 D1.3 Mergers and acquisitions ROOM 28701 (FLOOR 7)

Chair: Hao Li, Cardiff University, United Kingdom DISCUSSANT

Are Firms Favored by Analysts More Popular to

Acquirers? Evidence from China (In person)
Yugang Chen (Sun Yat-Sen University, China), Shan Neha Gupta
Lu (Sun Yat-Sen University, China), Yasir Shahab (Xijing (IIT Delhi, India)
University, China), Yuxuan Zhu (Sun Yat-Sen University,
China)
How Sustainability Drives Wealth in Cross-Border M&A:
Hao Li
Evidence from BRIC? (Online)
(Cardiff University, United
Neha Gupta (IIT Delhi, India), Smita Kashiramka (IIT
Kingdom)
Delhi, India), Shveta Singh (IIT Delhi, India)
The Impact of Climate Risk and Stakeholder Orientation
on the Payment Method in Cross-border Mergers and
Acquisitions (In person) Shan Lu
Yue Liu (University of Edinburgh, United Kingdom), Hao Li (Sun Yat-Sen University,
(Cardiff University, United Kingdom), Bing Xu (Edinburgh China)
Business School, Heriot-Watt University, United Kingdom)

13:30 – 15:00 D1.4 Corporate Finance & Governance ROOM 28702 (FLOOR 7)
Chair: Jeffrey Chen, North Dakota State University, DISCUSSANT
United States

Share Pledging, Firm Value and Business Groups (In

person) Jeffrey Chen (North Dakota
Aaishwarya Narayanan (Birla Institute of Technology and State University, United
Science, India), Nivedita Sinha (Birla Institute of States)
Technology and Science, India), Nimish Prabhune (Birla
Institute of Technology and Science, India)
Institutional Investor Trading on Yankee Bond Pricing
Jeffrey Chen (North Dakota State University, United
States), Tao-Hsien Dolly King (University of North Carlonia Khamis Al-Yahyaee
at Charlotte, United States), Jeffrey Lyon (University of (Muscat University, Oman)
North Carlonia at Charlotte, United States), Trung Nguyen
(University of North Carlonia at Charlotte, United States)
Dividends and Earnings in the Absence of Market Frictions
Nivedita Sinha
(Online)
(Birla Institute of Technology
Abdullah Al-Ghazali (Al Musanna College of Technology,
and Science, India)
Oman), Khamis Al-Yahyaee (Muscat University, Oman),

24
 Richard Fairchild (University of Bath, United Kingdom),
Yilmaz Guney (University of Hull, United Kingdom)

13:30 – 15:00 D1.5: Sustainable Finance, Ethics and CSR ROOM 28705 (FLOOR 7)
Chair: Waleed Alahdal, Universiti Malaysia Terengganu, DISCUSSANT
Malaysia

Climate Change Risk and Foreign Portfolio Investments

(In person) Waleed Alahdal
Falik Shear (National Textile University, Pakistan), Badar (Universiti Malaysia
Nadeem Ashraf (London South Bank University, United Terengganu, Malaysia
Kingdom)
Sustainable Finance And Ethical Considerations: The role
of Islamic Finance and Corporate Social Responsibility in
Badar Nadeem Ashraf
Addressing Poverty and Inequality (Online)
(London South Bank
Ayodele Akande (Qatar Foundation -Hamad Bin Khalifa
University, United Kingdom)
University, Qatar), Dalal Aassouli (Qatar Foundation -
Hamad Bin Khalifa University, Qatar)
Towards the Achievement of Sustainable Development
Goals: Can Companies Achieve SDGs through the
Synergistic Effect of ESG and Audit Committee Expertise
Ayodele Akande
across 34 OECD Countries (In person)
(Qatar Foundation -Hamad
Waleed Alahdal (Universiti Malaysia Terengganu,
Bin Khalifa University, Qatar
Malaysia), Dharen Kumar Pandey (Magadh University,
India), Adnan Bakather (King Fahd University of Petroleum
and Minerals, Saudi Arabia)

13:30 – 15:00 D1.6 Asset pricing, allocation, and valuation ONLINE

Chair: Christian Pohl, Technical University of Darmstadt, DISCUSSANT
Germany

Portfolio Strategy Returns and Macroeconomic Risk

Factors: an Empirical Analysis across the World and Asset Christian Pohl
Classes (Online) (Technical University of
Paolo Matteucci (Università degli Studi Roma Tre, Italy), Darmstadt, Germany)
Daniela Venanzi (Università degli Studi Roma Tre, Italy).
Beyond the Quill: Mutual Fund Manager's Cognitive
Uniqueness Drives Fund Performance (Online) Paolo Matteucci
Wei Zhang (Tianjin University, China), Chen (Università degli Studi Roma
Wang (Tianjin University, China), Zhuo Chen (Tianjin Tre, Italy)
University, China)
Is There Value Generation by Sustainability-Linked Bonds
Issuances? (Online)
Zhuo Chen
Christian Pohl (Technical University of Darmstadt,
(Tianjin University, China)
Germany), Dirk Schiereck (Technical University of
Darmstadt, Germany)

13:30 – 15:00 D1.7 Financial intermediation, institutions & services ONLINE

Chair: Phuong Le, Ethifinance Analytics, France) DISCUSSANT

Modeling PD-LGD Dependencies in Stress Testing:

Implications for Capital Requirements under Adverse Camilo Granados
Scenarios (Online) (University of Texas at
Edouard Pineau (Ethifinance Analytics, France), Phuong Le Dallas, United States)
(Ethifinance Analytics, France)

25
 Macroprudential Policy Leakages in Open Economies: A
Jocelyn Grira
Multiperipheral Approach (Online)
(Athabasca University,
Camilo Granados (University of Texas at Dallas, United
Canada)
States)
State Capitalism and Political Uncertainty in Banking:
Empirical Evidence from Sovereign Wealth Funds (Online)
Jocelyn Grira (Athabasca University, Canada), Narjess Phuong Le
Boubakri (American University of Sharjah, United Arab (Ethifinance Analytics,
Emirates), Insaf Hattab (Université Paris-Saclay, France), France)
Chiraz Labidi (International Monetary Fund (IMF), United
States)

13:30 – 15:00 D1.8 Corporate finance and governance ONLINE

Chair: Linh Tu Ho, Lincoln University, New Zealand DISCUSSANT

How do Mandatory Climate-Related Disclosures Affect

Noor Ul Qayyum
Energy and Agriculture Markets? (Online)
(Université de Montpellier,
Linh Tu Ho (Lincoln University, New Zealand), Alan
France)
Renwick (Lincoln University, New Zealand)
Boardroom Wisdom or Stagnation? Examining Board Age
and Firm Performance in French Companies (Online) Linh Tu Ho
Mehwish Yousaf (Université de Montpellier, (Lincoln University, New
France), Pascal Nguyen (Université de Montpellier, Zealand)
France).
CEO Power, Regulatory Quality, and Corporate
Yasmine Essafi
Investment Sensitivity (Online)
(Métis lab, EM Normandie
Noor Ul Qayyum (Université de Montpellier,
Business School, France)
France), Pascal Nguyen (Université de Montpellier, France)

13:30 – 15:00 D1.9 Sustainable finance, ethics, and CSR ONLINE

Chair: Malgorzata Iwanicz-Drozdowska, SGH DISCUSSANT
Warsaw School of Economics, Poland

How Do Executives Treat Target CSR Commitment during Imen Derouiche

M&A Deals? (Online) (University of Luxembourg,
Mohamed Firas Thraya (IDRAC Business School, France) Luxembourg),
ESG Performance and Economic Growth in Europe
(Online)
Mohamed Firas Thraya
Malgorzata Iwanicz-Drozdowska (SGH Warsaw School
(IDRAC Business School,
of Economics, Poland), Marzanna Lament (Uniwersytet
France)
Radomski, Poland), Bartosz Witkowski (SGH Warsaw
School of Economics, Poland)
Sustainability-Forward-Looking Disclosure and Stock
Liquidity
Malgorzata Iwanicz-
(Online)
Drozdowska
Imen Derouiche (University of Luxembourg, Luxembourg),
(SGH Warsaw School of
Mélanie Luxembourger (University of Luxembourg,
Economics, Poland),
Luxembourg), Anke Muessig (University of
Luxembourg, Luxembourg)

15:00 – 15:30 Coffee Break 8th FLOOR

15:30 – 17:00 Afternoon Parallel Sessions (D2)

15:30 – 17:00 D2.1 Corporate Finance & Governance ROOM 28601 (FLOOR 6)

26
 Chair: A. Can Inci, College of Business Bryant University, DISCUSSANT
United States

The Impact of Digital Transformation on Financial

Constraints: Do Cost Leadership Strategy and
A. Can Inci
Managerial Ownership Matter? (In person)
B. (College of Business
Xin Liu (Hebei University of Technology School of
Bryant University,
Economics and Management, China), Xinyu Wang (Hebei
United States),
University of Technology School of Economics and
Management, China)
Does VAT Amplify the Impact of Oil Price Risk on
Xin Liu
Corporate Cash Holdings? Evidence from the UAE
(Hebei University of
(Online)
Technology School of
Ghada Almazzmi (University of Sharjah, United Arab
Economics and Management,
Emirates), Mohammad Al-Shboul (University of Sharjah,
China)
United Arab Emirates)
CEO General Ability and the Takeover Market (In
person) Mohammad Al-Shboul
A. Can Inci (College of Business Bryant University, United (University of Sharjah, United
States), Leila Zbib (College of Business Bryant University, Arab Emirates)
United States)

15:30 – 17:00 D2.2 Cryptocurrency and NFTs ROOM 28602 (FLOOR 6)

Chair: Barbara Będowska-Sójka, Poznań University of DISCUSSANT
Economics and Business, Poland

Asymmetric Time-Frequency Relationship between

Climate Risk and Real Estate Tokens (In person)
Ajim Uddin (New Jersey Institute of Technology, United
Barbara Będowska-Sójka
States), Megha Saju (New Jersey Institute of Technology,
(Poznań University of
United States), Mohammad Abdullah (Southampton
Economics and Business,
Malaysia Business School, Malaysia), Aviral Kumar Tiwari
Poland)
(Indian Institute of Management Bodh Gaya, India),
Phouphet Kyophilavong (National University of Laos,
Laos)
Asymmetric Impact of Cryptocurrencies Price Shocks on
Stock Markets in GCC Countries: An Evidence from
Phouphet Kyophilavong
Nonlinear Autoregressive Distributed Lag Model (Online)
(National University of Laos,
Fawaz S. Al-Anzi (Kuwait University, Kuwait), Sarah F.S.
Laos)
Al-Anzi (American University of Middle East, Kuwait) and
Sumi Sarath (Kuwait University, Kuwait)
Interaction Effects in the Cross-Section of Cryptocurrency
Returns (In person)
Aleksander Mercik (Uniwersytet Ekonomiczny we
Sarah F.S. Al-Anzi
Wrocławiu, Poland), Barbara Będowska-Sójka (Poznań
(American University of
University of Economics and Business, Poland), Sitara
Middle East, Kuwait)
Karim (Sunway University, Malaysia), Adam Zaremba
(Montpellier Business School, France; Poznań University of
Economics and Business, Poland)

15:30 – 17:00 D2.3 Special Track Fintech ROOM 28701 (FLOOR 7)

Chair: Peter Öhman, Mid-Sweden University, Sweden DISCUSSANT

E-Rupee Dynamics - Design and Macro Implications on the Mustafa Nourallah

Indian Payment Ecosystems: An Overview (In person) (Mid-Sweden University,
Sweden)

27
 Sanjogita R (SP Jain Institute of Management and
Research, India), Shekhar Vidhu (SP Jain Institute of
Management and Research, India)

Financial Well-Being and Stress: What to Do and What

Not to Do Evidence from Sweden (In person)
Yihe Qian (Guangzhou City
Mustafa Nourallah (Mid-Sweden University, Sweden) and
University of Technology,
Peter Öhman (Mid-Sweden University, Sweden), Anders
China & University of Macau,
Stenkrona (Nordea, Stockholm, Sweden), Inga
China)
Timmerman (University of North Florida, United States)

Long-term Forecasting in Asset Pricing: Machine Learning

Models' Sensitivity to Macroeconomic Shifts and Firm-
Shekhar Vidhu
Specific Factors (In person)
(SP Jain Institute of
Yihe Qian (Guangzhou City University of Technology,
Management and Research,
China & University of Macau, China), Yang
India)
Zhang (University of Macau, China).

15:30 – 17:00 D2.4 Corporate Finance and Governance ROOM 28702 (FLOOR 7)
Chair: Pattarake Sarajoti, Sasin School of Management, DISCUSSANT
Chulalongkorn University, Thailand

Sustainable Finance for SMEs in Developing Economies:

What Kind of International Capital Risk Mobilization? (In Haizheng Li
person) (Georgia Institute of
Philippe Regnier (University of Applied Sciences and Arts Technology, United States)
Northwestern Switzerland, Switzerland)
Unlocking Synergies: Sufficiency Economy Philosophy for
Sustainability (In person) Philippe Regnier
Sirimon Treepongkaruna (The University of Western (University of Applied
Australia), Pattarake Sarajoti (Sasin School of Sciences and Arts
Management, Chulalongkorn University, Thailand), Northwestern Switzerland,
Veerawin Korphaibool (Sasin School of Management, Switzerland)
Chulalongkorn University, Thailand)
Does the Owner's Human Capital Matter for Corporate
Financing? Evidence from Small and Micro Enterprises in Pattarake Sarajoti
China (In person) (Sasin School of
Chunxiao Zhang (Central University of Finance and Management, Chulalongkorn
Economics, China), Haizheng Li (Georgia Institute of University, Thailand)
Technology, United States)

15:30 – 17:00 D2.5 Behavioral and experimental finance ROOM 28705 (FLOOR 7)
Chair: Ayobolawole Ogundipe, University of Tasmania, DISCUSSANT
Australia

Economic Surprises and Institutional Herding: Evidence

from Taiwan (In person) Peng Sanshao (University of
Wei-Che Tsai (National Sun Yat-sen University, Taiwan), Southern
Min-Rui Choo (Ming Chuan University, Taiwan), and Chi Queensland (USQ), Australia)
Yin (National Sun Yat-sen University, Taiwan).
Composite Leading Indicator and Cryptocurrency Returns:
A Three-Factor Model (Online) Ayobolawole Ogundipe
Peng Sanshao (University of Southern (University of Tasmania,
Queensland (USQ), Australia), Syed Shams Shams Australia)
(University of Southern Queensland Brisbane,

28
 Australia), Prentice Catherine, Sarker Tapan Shams
(University of Southern Queensland Brisbane, Australia)
Managerial Overconfidence and Corporate
Environmental, Social, and Governance (ESG)
Performance around the World (In person)
Min-Rui Choo (Ming Chuan
Ayobolawole Ogundipe (University of Tasmania,
University, Taiwan)
Australia), Dan Daugaard (University of Tasmania,
Australia), Faisal Khan (University of Tasmania,
Australia), Jing Jia (University of Newcastle, Australia)

15:30 – 17:00 D2.6 Corporate Finance and Governance ONLINE

Chair: Jun Zhou, Tokyo International University, Japan DISCUSSANT

Investments Transformation and Stock Price Behaviour

Miftah Zikri
(Online)
(University of Southern
Jun Zhou (Tokyo International University, Japan), Rangga
Queensland, Australia)
Handika (Tokyo International University, Japan)
Firm-level Political Risk and Bankruptcy Emergence
Chapter 11 (Online) Abdullah Al Jughaiman
Miftah Zikri (University of Southern Queensland, (King Faisal University,
Australia), Syed Shams (University of Southern Saudi Arabia)
Queensland, Australia)
Does Sovereign ESG Performance Shape Corporate Cash
Management in Emerging Markets? (Online)
Thamir Al Barrak (King Faisal University, Saudi Jun Zhou
Arabia), Kaouther Chebbi (King Faisal University, Saudi (Tokyo International
Arabia), Abdullah Al Jughaiman (King Faisal University, University, Japan)
Saudi Arabia)

15:30 – 17:00 D2.7 Sustainable finance, ethics, and CSR ONLINE

Chair: Mahmoud Hassan, Bordeaux School of DISCUSSANT
Economics, France

The Carbon Emission Reduction Effects of Corporate

Green Investments: Empirical Evidence from Chinese Listed
Enterprises (Online)
Meng Wang (Nanjing University of Aeronautics and Mahmoud Hassan
Astronautics, China), Xingyu Dai (Nanjing University of (Bordeaux School of
Aeronautics and Astronautics, China), Qunwei Economics, France),
Wang (Nanjing University of Aeronautics and Astronautics,
China), Xuan-Hoa Nghiem (Vietnam National University,
Vietnam)
Stock Market Reaction to COVID-19 Outbreak: Evidence
Meng Wang
from ESG Firms in Emerging Economies (Online)
(Nanjing University of
Mona Elbannan (German University in Cairo, Egypt), Mai
Aeronautics and Astronautics,
Said (University of Hertfordshire, hosted by GAF, Cairo,
China)
Egypt)
Climate Governance and Green Innovation in Europe:
New Perspective (Online) Mona Elbannan
Mahmoud Hassan (Bordeaux School of Economics, (German University in Cairo,
France), Ji-Yong Lee (Audencia Business School, France), Egypt)
Marc Kouzez (ICN Business School, France)

15:30 – 17:00 D2.8 Corporate finance and governance ONLINE

29
 Chair: Atta Mark Nyamekye, Yokohama National DISCUSSANT
University, Japan

Corporate Diversification and Accounting Conservatism:

Shan Jin
Evidence from Japan (Online)
(Lincoln University, New
Atta Mark Nyamekye (Yokohama National University,
Zealand), Khanh Hoang
Japan)
Russo-Ukrainian Geopolitical Tensions: An Empirical
Analysis of Corporate Investment in Europe (Online)
Shan Jin (Lincoln University, New Zealand), Khanh
Sagi Akron
Hoang (Lincoln University, New Zealand), Christopher
(University of Haifa, Israel)
Gan (Lincoln University, New Zealand), Quang Thi Thieu
Nguyen (University, Vietnam), Dao Le Trang Anh (RMIT
University Vietnam)
Analysts' Earnings Forecast Adjustment to Firm Guidance
in Light of CEO Powers (Online)
Atta Mark Nyamekye
Lilach Carmeli (University of Haifa, Israel), Dan Weiss
(Yokohama National
(Tel-Aviv University, Israel), Sagi Akron (University of
University, Japan)
Haifa, Israel).

15:30 – 17:00 D2.9 Sustainability and investments ONLINE

Chair: Takeda Fumiko, Keio University, Japan DISCUSSANT

The Effect of IFRS Adoption on Foreign Investment in the

Japanese Equity Market Revisited (Online) Diem Nguyen
Yoshitaka Kubota (Graduate School of Business (Lund University, Sweden)
Administration, Keio University, Japan)
CSR Performance and Family-Foundation Control
(Online) Chee Yoong Liew (UCSI
Diem Nguyen (Lund University, Sweden), Reda Moursli University, Malaysia)
(Lund University, Sweden)
Green Investments by Institutional Investors: Evidence of
the Role of Governments and Markets (Online) Takeda Fumiko
Chee Yoong Liew (UCSI University, Malaysia), Geeta (Graduate School of
Duppati (Prince Mohammad Bin Fahd University, Saudi Business Administration, Keio
Arabia), Marcia Edna Santhanarajan (UCSI University, University, Japan)
Malaysia)

END OF CONFERENCE

Wednesday, 10 July 2024

08:30 – 12:30 SOCIAL EVENT

30
List of Participants
First Name Last Name MODE AFFILIATION COUNTRY
Wasim AHMAD ONSITE Indian Institute of Technology India
Kanpur
Ayodele AKANDE ONLINE Qatar Foundation -Hamad Bin Qatar
Khalifa University
Abdullah AL JUGHAIMAN ONLINE King Faisal University Saudi Arabia
Waleed ALAHDAL ONSITE Universiti Malaysia Terengganu Malaysia
Khosrul ALAM ONLINE Australian Catholic University Australia
Sarah AL-ANZI ONLINE American University of Middle Kuwait
East
Natdanai ALEENAJITPONG ONSITE Kasetsart University, Bangkok Thailand
Ahmad AL-HAJI ONSITE Université du Québec à Montréal Canada
Samar ALHARBI ONLINE Saudi Electronic University Saudi Arabia
Nassar AL-NASSAR ONSITE Qassim University Saudi Arabia
Mohammad AL-SHBOUL ONLINE University of Sharjah, Sharjah United Arab
Emirates
Khamis AL-YAHYAEE ONLINE Muscat University Oman
Abu AMIN ONSITE Central Michigan University United States
Adam ARIAN ONLINE Australian Catholic University Australia
Brisbane
Felizia ARNI ONSITE Universitas Surabaya Indonesia
RUDIAWARNI
Badar Nadeem ASHRAF ONLINE London South Bank University United Kingdom
Rima ASSAF ONLINE American University in Dubai United Arab
Emirates
Saqib AZIZ ONSITE Rennes School of Business France
Gyun BAEK ONSITE National University of Singapore Singapore
Muhammad BALOCH ONSITE University of Southampton United Kingdom
Saad
Pradip BANERJEE ONLINE Indian Institute of Management India
Indore
Jonathan BATTEN ONSITE RMIT University, Melbourne Australia
Barbara BĘDOWSKA- ONSITE Poznań University of Economics Poland
SÓJKA and Business
Béchir BEN LAHOUEL ONSITE IPAG Business School France
Wissal BEN LETAIFA ONSITE ESSEC, University of Tunis Tunisia
Hamdi BEN-NASR ONLINE Qatar University Qatar
Kwasi BOATENG ONLINE University of Tasmania Australia
Sabri BOUBAKER ONSITE EM Normandie Paris France
Eric BRISKER ONSITE University of Akron United States
Zijun CAI ONLINE Northwestern Polytechnical China
University
Santiago CARBÓ-VALVERDE ONSITE University of Valencia1 and Spain
Funcas
Daniel CHAI ONSITE RMIT University Australia
Nilanjana CHAKRABORTY ONLINE Independent researcher India

31
Frankie CHAU ONSITE Durham University United Kingdom
Jeffrey CHEN ONLINE North Dakota State University United States
Jinzhao CHEN ONSITE ESC Clermont Business School & France
University of Clermont Auvergne-
CLERMA
Junshi CHEN ONLINE Massey University New Zealand
Zhuo CHEN ONLINE Tianjin University China
Chou-Kang CHIU ONSITE National Chengchi University Taiwan
Min-Rui CHOO ONSITE Ming Chuan University Taiwan
Siriyos CHUTHANONDHA ONSITE The Stock Exchange of Thailand, Thailand
Bangkok
Sheng DACHEN ONLINE Yamanashi Gakuin University Japan
Viet DANG ONSITE University of Manchester United Kingdom
Keith Jin DENG CHAN ONSITE Hong Kong University of Science China
and Technology, Hong Kong
Imen DEROUICHE ONLINE University of Luxembourg Luxembourg
Jerome DETEMPLE ONSITE Boston University Questrom School United States
of Business
Nadia DOYTCH ONLINE CUNY-Brooklyn College and the United States
Graduate Center
Suzan DSOUZA ONLINE American University of the Middle Kuwait
East
Chanaka EDIRISINGHE ONSITE Rensselaer Polytechnic Institute United States
Mona ELBANNAN ONLINE German University in Cairo Egypt
Najoua ELOMMAL ONLINE ISTEC Paris France
Yasmine ESSAFI ONLINE Métis lab, EM Normandie Business France
School
Hisham FARAG ONLINE University of Birmingham United Kingdom
Takeda FUMIKO ONLINE Keio University Japan
Maia GEJADZE ONSITE IESEG School of Management France
Dimitrios GOUNOUPOULOS ONSITE University of Bath United Kingdom
Camilo GRANADOS ONLINE University of Texas at Dallas United States
Jocelyn GRIRA ONLINE Athabasca University Canada
Neha GUPTA ONLINE Indian Institute of Technology Delhi India
Thai HANH MINH ONLINE Hanoi University of Science and Vietnam
Technology
Iftekhar HASAN ONSITE Fordham University United States
Morshadul HASAN ONLINE Murdoch University Australia
Asma HOUCINE ONLINE Excelia Business School France
Hungyi HUANG ONSITE Department of Business Taiwan
Administration, Soochow University
Kai HUANG ONLINE Hokowhitu, New Zealand and New Zealand
Massey University
Weifeng HUNG ONSITE Feng Chia University Taiwan
Ahmed Imran HUNJRA ONSITE Rabat Business School Morrocco
Khaled HUSSAINEY ONLINE Bangor University United Kingdom
A. Can INCI ONSITE College of Business Bryant United States
University
Malgorzata IWANICZ- ONLINE SGH Warsaw School of Economics Poland
DROZDOWSKA

32
Neeti JAIN ONSITE Indian Institute of Foreign Trade, India
New Delhi
Shan JIN ONLINE Lincoln University New Zealand
Yehudith KAHN ONSITE Hadassah Academic College Israel
Serkan KARADAS ONLINE University of Illinois Springfield United States
Azza KARCHOUD ONLINE Tunis Business School Tunisia
Haris KHAN ONLINE Information Technology University Pakistan
Georgios KOURETAS ONLINE Athens University of Economics and Greece
Business & IPAG Business School,
France
Mahmoud HASSAN ONLINE Bordeaux School of Economics France
Yoshitaka KUBOTA ONLINE Graduate School of Business Japan
Administration, Keio University
Gaurav KUMAR ONSITE National Institute of Technology India
Jalandhar
Phouphet KYOPHILAVONG ONSITE National University of Laos Laos
Anh LE ONSITE Lincoln University New Zealand
Nhat-Tan LE ONSITE Fulbright University Vietnam
Phuong LE ONLINE Ethifinance Analytics France
Jonathan LEE ONLINE University of Glasgow United Kingdom
Cheng LEE-YOUNG ONSITE National Chung Cheng University Taiwan
Haizheng LI ONSITE Georgia Institute of Technology United States
Hao LI ONSITE Cardiff University United Kingdom
Yu-Min LIAN ONSITE Fu Jen Catholic University Taiwan
Yuwei LIAO ONSITE Hong Kong University of Science China
and Technology
Chee Yoong LIEW ONLINE UCSI University Malaysia
Zih-Ying LIN ONSITE Fu Jen Catholic University Taiwan
Thuy LINH VU ONSITE ESADE Business School Spain
Xin LIU ONSITE Hebei University of Technology China
School of Economics and
Management
Yi LIU ONSITE University of North Texas United States
Caihao LU ONLINE Lincoln University New Zealand
Shan LU ONSITE Sun Yat-Sen University China
Shanglin LU ONLINE China School of Banking and China
Finance, University of International
Business and Economics, Beijing
Fengping MA ONLINE Beijing International Studies China
University
Carlos MADEIRA ONLINE Bank for International Settlements Chile
(BIS) and Central Bank of Chile
Surya MAJUMDAR ONSITE Shiv Nadar University India
Riadh MANITA ONLINE Neoma Business School France
Botta MARCO ONLINE Università Cattolica del Sacro Italy
Cuore
António MARTINS ONLINE Universidade da Madeira Portugal
Paolo MATTEUCCI ONLINE Università degli Studi Roma Tre Itlay
Sohel MEHEDI ONLINE Australian Catholic University Australia
Sultan Sikandar MIRZA ONSITE University of Waikato New Zealand

33
Ajay Kumar MISHRA ONSITE Vinod Gupta School of India
Management
Paul MOMTAZ ONSITE Technical University of Munich, Germany
Germany; Goethe-University
Frankfurt; SAFE, Germany; and
UCLA Anderson School of
Management, United States
Faten MOUSSA ONSITE MSB- South Mediterranean Tunisia
University
Nouhaila MOUTAIB ONLINE The Higher Institute of Commerce Morocco
and Business Administration
Mohammed MUHSIN ONSITE University of Hyderabad India
Aya NASREDDINE ONSITE University Paris-Nanterre France
Karthik NATASHEKARA ONSITE Indian Institute of Management India
Kozhikode
Sampan NETTAYANUN ONSITE Naresuan University Thailand
Diem NGUYEN ONLINE Lund University Sweden
Duc Khuong NGUYEN ONSITE EMLV Paris France
Pascal NGUYEN ONLINE University of Montpellier France
Xiaoran NI ONSITE Xiamen University China
Ramsha NOOR ONLINE Lahore School of Economics Pakistan
Mustafa NOURALLAH ONSITE Mid-Sweden University Sweden
Atta Mark NYAMEKYE ONLINE Yokohama National University Japan
Hassan OBEID ONLINE Paris Business School France
Ayobolawole OGUNDIPE ONSITE University of Tasmania Australia
Peter ÖHMAN ONSITE Mid Sweden University Sweden
Richard OTTOO ONSITE Global Association of Risk United States
Professionals
Tibor PAL ONSITE University of Salerno Italy
Archana PATRO ONSITE Indian Institute of Management India
Bodh Gaya
Christian POHL ONLINE Technical University of Darmstadt Germany
Pornprom PROMPES ONSITE Faculty of Management Sciences, Thailand
Kasetsart University
Yihe QIAN ONSITE Guangzhou City University of China
Technology & University of Macau
Xiaoyi QU ONLINE Guangxi University China
Philippe REGNIER ONSITE University of Applied Sciences and Switzerland
Arts
Yi-Shuai REN ONSITE Hunan University China
Robinson REYES-PEÑA ONLINE Florida International University, United States
Miami
Asad Ali RIND ONSITE South Champagne Business School France
Mohsen SAAD ONSITE American University of Sharjah United Arab
Emirates
Asif SAEED ONSITE University of Waikato Institute, China
Hangzhou City University
Kanis SAENGCHOTE ONSITE Chulalongkorn University Thailand
Akron SAGI ONLINE University of Haifa Israel
Aristeidis SAMITAS ONSITE National and Kapodistrian Greece
University of Athens
Peng SANSHAO ONLINE University of Southern Queensland Australia
(USQ)

34
Pattarake SARAJOTI ONSITE Sasin School of Management, Thailand
Chulalongkorn University
Syed SHAMS ONSITE University of Southern Queensland Australia
Mohamed SHAYUTI ONSITE Universiti Malaysia Terengganu Malaysia
Adnan
Fan SHI ONLINE Zhejiang Shuren University China
Nivedita SINHA ONSITE Birla Institute of Technology and India
Science, Pilani
Amine TARAZI ONSITE Université de Limoges, France & France
Institut Universitaire de France
Keyur THAKER ONSITE Indian Institute of Management Australia
Indore, India & University of
Canberra
Mohamed Firas THRAYA ONLINE IDRAC Business School France
Aviral Kumar TIWARI ONSITE Indian Institute of Management India
Bodh Gaya (IIMBG)
Shiv TIWARI ONSITE Indian Institute of Technology India
Kanpur
Linh Tu HO ONLINE Lincoln University New Zealand
Noor UL QAYYUM ONLINE Université de Montpellier France
Katalin VARGA ONSITE Central Bank of Hungary,
Hungary
Shekhar VIDHU ONSITE SP Jain Institute of Management India
and Research
Bowen WANG ONLINE Massey University New Zealand
Meng WANG ONLINE Nanjing University of Aeronautics China
and Astronautics
Yanchen WANG ONLINE Hong Kong Monetary Authority, China
Hong Kong
Yinghui WANG ONLINE University of Chinese Academy of China
Sciences
Yuan-Kun XIONG ONLINE Hunan University China
Bin YANG ONSITE Jinan University China
Zhan YAOSONG ONLINE Sun Yat-Sen University China
Abdullah YAVAS ONSITE University of Wisconsin-Madison United States
Zan YE ONLINE The University of Queensland Australia
Mehwish YOUSAF ONLINE Université de Montpellier France
Umar ZAGHUM ONSITE Zayed University United Arab
Emirates
Rui-Xiang ZHAI ONLINE National Kaohsiung University of Taiwan
Science and Technology
Min ZHANG ONSITE University College Dublin Ireland
Ting ZHANG ONLINE University of Dayton United States
Xuankai ZHAO ONSITE Central University of Finance and China
Economics, Beijing
Jun ZHOU ONLINE Tokyo International University Japan
Yi ZHOU ONLINE San Francisco State University United States
Miftah ZIKRI ONLINE University of Southern Queensland Australia

35