Schedule

These are the upcoming presentations at the Research Seminar:

Prof. John W. Goodell: Biodiversity disclosure and green innovation: Transparency leading to action? 

2026-02-16, Monday, 11:40-12:40 (Budapest time) 

Institute of Finance - Room E.279.1. (Corvinus main building E, second floor)

Abstract: Biodiversity loss is not only an ecological critical concern, but also a major challenge to economic development and the sustainable operation of enterprises. However, empirical research on biodiversity management at the corporate level remains limited. Based on a unified framework of corporate external disclosure and internal management, we explore the causal relationship between biodiversity disclosure and green innovation. Utilizing a sample of Chinese-listed enterprises, our multivariate regression analysis demonstrates that biodiversity disclosure facilitates green innovation. Additionally, mechanism analysis reveals that enterprises reduce information asymmetry and alleviate financing constraints by disclosing biodiversity information while managing biodiversity through substantive and targeted green innovations. Besides, the heterogeneous effects are more pronounced for enterprises with exposure risks. Lastly, we assess the spillover effects of corporate biodiversity disclosure behavior in horizontal and externality dimensions. Our findings shed new light on corporate social responsibility practice and sustainable development. 

Joint work with Anna Min Du  

• Read Prof. John W. Goodell’s publications: https://www.uakron.edu/cba/about-us/directory/profile-detail-dm.dot?u=johngoo 

• Consult the schedule of upcoming seminars:  https://sites.google.com/view/finance-seminars/schedule 
  
  

Please note that this Microsoft Teams link is provided only for those unable to attend the seminar in person at Corvinus University of Budapest, Institute of Finance, E.279.1. The seminar will generally be held offline.

Prof. Kul B Luintel: Liquidity and Exchange Rates: New Evidence from a Bayesian TV-VAR 

2026-02-23, Monday, 11:40-12:40 (Budapest time) 

Institute of Finance - Room E.279.1. (Corvinus main building E, second floor)

Abstract: Recent literature argues that relative Treasury premia, interpreted as relative liquidity or convenience yields, play an important role in explaining exchange rate fluctuations and may help resolve the exchange-rate disconnect puzzle. However, existing empirical approaches abstract from cross-country heterogeneity in currencies and short-term interest rates and rule out time-varying relationships. We address these limitations by modelling nominal exchange rate dynamics and relative convenience yields across G10 currencies using a Bayesian time-varying VAR. We document three main findings. First, changes in convenience yields and interest rate differentials play no explanatory role in nominal exchange rate movements among core safe-haven currencies, namely the US dollar, Japanese yen, Swiss franc, euro, and British pound. Second, relative Treasury premia significantly explain exchange rate movements for currency pairs involving non-safe-haven G10 currencies, namely AUD, CAD, NOK, NZD, and SEK, both within this group and in pairings with safe-haven currencies. Third, these effects are highly heterogeneous across currencies and time. Our results highlight the importance of cross-country heterogeneity and time-varying dynamics in exchange rate determination. 

Joint work with Yuanli Guo and Guangjie Li, 

• Read Prof. Kul B Luintel’s publications: https://profiles.cardiff.ac.uk/staff/luintelk 

• Consult the schedule of upcoming seminars:  https://sites.google.com/view/finance-seminars/schedule 
  
  

Please note that this Microsoft Teams link is provided only for those unable to attend the seminar in person at Corvinus University of Budapest, Institute of Finance, E.279.1. The seminar will generally be held offline.

Prof. Florian Huber: Oil, Inflation Expectations, and Household Characteristics:  A Nonlinear Heterogeneous Agent VAR Approach 

2026-04-13, Monday, 11:40-12:40 (Budapest time) 

Institute of Finance - Room E.279.1. (Corvinus main building E, second floor)

Abstract: In this paper, we develop a scalable micro-macro modeling framework that integrates linear multivariate time series models with nonlinear panel models to investigate to what extent oil supply shocks affect household inflation expectations in the Euro area in a heterogeneous and nonlinear way. We rely on a unique and very rich multi-country micro dataset of quantitative inflation expectations from the European Commission’s monthly business and consumer survey that allows us to construct pseudo individuals based on demographic and socioeconomic characteristics. To capture nonlinearities in group-level dynamics, we explicitly model the responses of our pseudo individuals as nonlinear functions of area-wide macroeconomic aggregates using Bayesian Additive Regression Trees (BART). We find pronounced asymmetries in the response of aggregate inflation expectations to large oil supply shocks and a considerable degree of heterogeneity across countries, gender, income, and age groups. We explore several economic mechanisms to explain cross-country and group-level differences in the adjustment of inflation expectations to oil supply shocks of different magnitude and sign. 

Joint work with C. Baumeister, P. Frank and G. Koop 

• Read Prof. Florian Huber’s publications: https://sites.google.com/site/fhuber7/ 

• Consult the schedule of upcoming seminars:  https://sites.google.com/view/finance-seminars/schedule  

Please note that this Microsoft Teams link is provided only for those unable to attend the seminar in person at Corvinus University of Budapest, Institute of Finance, E.279.1. The seminar will generally be held offline. 

Prof. Brian Lucey: Biodiversity and finance: where are we, where are we going? 

2026-04-27, Monday, 11:40-12:40 (Budapest time) 

Institute of Finance - Room E.279.1. (Corvinus main building E, second floor)

Abstract: In this live review, I provide a comprehensive overview of the intersection of biodiversity risk and finance, with an emphasis on corporate finance. I discuss being transit complexities of measuring biodiversity exposure and risk, evaluate the existing methods available, conceptualize the interrelationship between biodiversity exposure at a corporate level and firms, and show how it can be separated from other nature-based risks. I also discuss the macro financial implications, methodological complexities, and conclude with a series of opening questions for researchers.   

• Read Prof. Brian Lucey’s publications: https://www.tcd.ie/business/people/faculty-professors/blucey/ 

• Consult the schedule of upcoming seminars:  https://sites.google.com/view/finance-seminars/schedule 
  
  

Please note that this Microsoft Teams link is provided only for those unable to attend the seminar in person at Corvinus University of Budapest, Institute of Finance, E.279.1. The seminar will generally be held offline. 

Visit our Previous Talks page to see the presentations from previous editions.