Presented by:

Zicklin School of Business, Baruch College, CUNY

Friday, February 23, 2024

Information and Technology Building, Room 750

151 East 25th Street, New York, NY 10010

(Click here for speakers' bios)

Program

8:30-8:50

Registration and Breakfast

8:50-9:00

Opening Remarks: Bruce Weber (Willem Kooyker Dean of the Zicklin School of Business)

9:00-11:00 

Session 1: Investments

Session Chair: Andrew Karolyi (Cornell)

Biodiversity Risk

   Stefano Giglio (Yale University)

   Theresa Kuchler (New York University)

   Johannes Stroebel (New York University)

   Xuran Zeng (New York University)

       Discussant: Shaojun Zhang (Ohio State University)

Green Tilts

  Lubos Pastor (University of Chicago)

  Robert F. Stambaugh (University of Pennsylvania)

  Lucian A. Taylor (University of Pennsylvania)

      Discussant: Andrei Kirilenko (University of Cambridge)

Dirty Air and Green Investments: The impact of pollution information on portfolio allocations

  Raymond Fisman (Boston University)

  Pulak Ghosh (India Institute of Management)

  Arkodipta Sarkar (National University of Singapore)

  Jian Zhang (The University of Hong Kong)

     Discussant: Dmitry Chebotarev (Indiana University)

Understanding the Global Equity Greenium

  G. Andrew Karolyi (Cornell University)

  Ying Wu (Stevens Institute of Technology)

  William W. Xiong (Cornell University)

  Discussant: Xi Dong (Baruch College/CUNY)

11:00-11:15

Refreshment Break

11:15-13:15

Session 2: Corporate Finance

Session Chair: Linda Allen (Baruch/CUNY)

Divestment and Engagement: The Effect of Green Investors on Corporate Carbon Emissions

  Matthew E. Kahn (University of Southern California)

  John G. Matsusaka (University of Southern California)

  Chong Shu (University of Utah)

      Discussant: Leonard Kostovetsky (Baruch College/CUNY)

Sustainability or Greenwashing: Evidence from the Asset Market for Industrial Pollution

  Ran Duchin (Boston College)

  Janet Gao (Georgetown University)

  Qiping Xu (University of Illinois Urbana-Champaign)

      Discussant: Chris Schiller (Arizona State University)

Consumer Responses to the Revelation of Corporate Social Irresponsibility

  Hans Christensen (University of Chicago)

  Emmanuel T. De George (University of Miami)

  Anthony Joffre (University of Miami)

  Daniele Macciocchi (University of Miami)

      Discussant: Svenja Dube (Baruch College/CUNY)

When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets

  Parinitha Sastry (Columbia University)

  Ishita Sen (Harvard University)

  Ana-Maria Tenekedjieva (Federal Reserve Board)

  Discussant: Shan Ge (New York University)

13:15-14:30

Lunch

Afternoon Remarks: Linda Essig (Baruch College Provost)

Keynote Address: Harrison Hong (Columbia University)

Green-Stakeholders Equilibrium

14:30-16:30 

Session 3: Intermediation and Regulation

Session Chair: Yildiray Yildirim (Baruch/CUNY)

Biodiversity Finance

  Caroline Flammer (Columbia University)

  Thomas Giroux (ENSAE Paris)

  Geoffrey Heal (Columbia University)

      Discussant: Xiaoyun Yu (Shanghai Advanced Institute of Finance)

Opening the Brown Box: Production Responses to Environmental Regulation
Rebecca De Simone (London Business School)
Lakshmi Naaraayanan (London Business School)
Kunal Sachdeva (Rice University)
Discussant: Daniel Garrett (University of Pennsylvania)

Policy Uncertainty Reduces Green Investment
Mengyu Wang (Tsinghua University)
Jeff Wurgler (New York University)
Hong Zhang (Singapore Management University)
Discussant: Hong Ru (Nanyang Tech. Univ. & MIT)

ESG Ratings of ESG Index Providers
Sonakshi Agrawal (Columbia University)
Lisa Liu (Columbia University)
Shiva Rajgopal (Columbia University)
Suhas A. Sridharan (Emory University)
Yifan Yan (Emory University)
Teri Lombardi Yohn (Emory University)
Discussant: Gurpal Sran (New York University)

16:30-17:30
PhD Poster Session and Reception

Corporate Gender Quotas Under the Lens: Evidence from the California Senate Bill No. 826
Mingying Cheng (Fordham University)

Climate Risk and Renewable Energy Markets
Richard Ieong (Baruch College/CUNY)

Mandatory ESG Disclosure and Compensation Governance
Dana LaCondre Nugent (Baruch College/CUNY)

News-Based Climate Risk Exposure and Stock Returns
Yukun Liu (Baruch College/CUNY)

High Temperature, Climate Change and Real Estate Prices
Li Ma (Baruch College/CUNY)

Climate Transition Risks of Banks
Carola Theunisz (Frankfurt School of Finance & Management)

Opioid Crisis: Evidence from the Option Market
Yajing Wang (The Hong Kong Polytechnic University)

The Green Innovation Premium
Tingyu Yu (University of Zurich)

Measuring the Climate Risk Exposure of Insurers
Xuran Zeng (NYU Stern)