Event

First Conference in Sustainable Finance

  • Location

    Campus Kirchberg, JFK Building, room Nancy-Metz

    29, avenue John F. Kennedy

    1855, Luxembourg, LU

  • Topic(s)
    Finance
  • Type(s)
    Conferences, Free of charge, In-person event

Session 1 (9:00 to 10:30): Socially Responsible Investing and Having Impact

Chair: Ulf von Lilienfeld Toal (University of Luxembourg)

09.00 – 09.30:      Does Socially Responsible Investing Change Firm Behavior?, Davidson Heath (University of Utah), Daniele Macciochi (University of Miami), Roni Michaeli (Hong Kong University) and Matthew Ringgenberg (University of Utah)

Discussant: Melissa Porras Prado (Nova School of Business and Economics)

09.30 – 10.00:      The Pace of Change: Socially Responsible Investing in Private Markets, Deeksha Gupta (Carnegie Mellon), Alexandr Kopytov (University of Hong Kong) and Jan Starmans (Stockholm School of Economics)

Discussant: Denis Gromb (HEC Paris)

10.00 – 10.30:      Impact Investing and Venture Capital Industry: Experimental Evidence, Ye Zhang (Stockholm School of Economics)

Discussant: Daniel Metzger (Rotterdam School of Management)

10.30 – 11.00 Coffee Break

Session 2 (11:00 to 12:30): Climate Change and Credit Markets

Chair: Laurent Barras (University of Luxembourg)

11.00 – 11.30:      There is No Planet B” but for Banks “There are Countries B to Z”: Domestic Climate Policy and Cross-Border Bank Lending, Emanuela Benincasa (University of Zurich), Gazi Kabas (University of Zurich) and Steven Ongena (University of Zurich)

Discussant: Yingjie Qi (Copenhagen Business School)

11.30 – 12.00:      Asset Overhang and Technological Change, Hans Degryse (KU Leuven), Tarik Roukny (KU Leuven) and Joris Tielens (National Bank of Belgium)

Discussant: Nataliya Gerasimova (Norwegian School of Economics)

12.00 – 12.30:      The rising tide lifts some interest rates: climate change, natural disasters, and loan pricing, Ricardo Correa (Federal Reserve Board), Ai He (University of South Carolina), Christoph Herpfer (Emory University) and Ugur Lel (University of Georgia)

Discussant: Loriana Pelizzon (University of Frankfurt)

12:30 – 14:00 Lunch Break

Session 3 (14:00 to 15:00): Asset Pricing Implications

Chair: Julien Pénasse (University of Luxembourg)

14.00 – 14.30:      Sustainable Investing and Public Goods Provision, Ilaria Piatti (Queen Mary University of London), Joel Shapiro (University of Oxford) and Xuan Wang (VU Amsterdam)

Discussant: Magdalena Rola-Janicka (Tilburg University)

14.30 – 15.00:      The Economics of Sustainability Linked Bonds, Tony Berrada (University of Geneva), Leonie Engelhardt (University of Geneva), Rajna Gibson (University of Geneva) and Philipp Krueger (University of Geneva)

Discussant: Shaojun Zhang (Ohio State University)

15:00 – 15:15 Coffee Break

Session 4 (15:15 to 16:15): Economics of Climate Change

Chair: Denitsa Stefanova (University of Luxembourg)

15.15 – 15.45:      Emission caps and investment in green technologies, Bruno Biais (HEC Paris) and Augustin Landier (HEC Paris)

Discussant: Robin Döttling (Erasmus University)

15.45 – 16.15:      How Does Climate Change Affect Firm Sales? Identifying Supply Effects, Claudia Custodio (Imperial College), Miguel Ferreira (Nova School of Business), Emilia Garcia-Appendini (University of Zurich) and Adrian Lam (Imperial College)

Discussant: Aleksandra Rzeznik (York University)

16:30-17:00 Tram ride to the Banque de Luxembourg (14 boulevard Royal, 2449 Luxembourg – tram stop: Hamilius)

Keynote Presentations and Panel Discussion (17:15 to 19:00): Climate Change and Asset Management – Banque de Luxembourg Auditorium (14 boulevard Royal, L-2449 Luxembourg)

Chair: Michael Halling (University of Luxembourg)

17.15 – 17.20: Welcome by Georges Heinrich, Secretary General at Banque de Luxembourg

17.20 – 17.50: Dissecting Green Returns, Lubos Pastor (University of Chicago), Keynote Presentation

17.50 – 18.20: Hedging Climate Risk, Stefano Giglio (Yale University), Keynote Presentation

18.20 – 19.00: Panel Discussion on “Climate Change and Asset Management”

Moderator:    Francois Koulischer (University of Luxembourg)

Panelists:     

  • Stefano Giglio (Yale University)
  • Georges Heinrich (Secretary General at Banque de Luxembourg)
  • Pierre Lenders (Head of ESG at Capital Fund Management)
  • Lubos Pastor (University of Chicago)