Schedule

These are the upcoming presentations at the Research Seminar:

2025-10-06, Monday, 11:40-12:40 (Budapest time)
Institute of Finance - Room E.279.1. (Corvinus Building E, second floor)

Prof. Mireia Giné: AI Adoption and the Demand for Managerial Expertise

Abstract: This paper investigates how AI adoption influences the demand for managers and their required skills. Using a skills-based measure of AI adoption derived from Lightcast job postings data, we show that when firms intensify their AI adoption they experience a significant increase in the number and share of managerial vacancies, indicating that AI implementation drives a greater demand for managerial roles. Furthermore, AI adoption shifts the skill requirements for managers, increasing the demand for cognitive and interpersonal skills such as collaboration, creativity, stakeholder management, and data analysis, while reducing the need for routine administrative skills like scheduling and budgeting. These findings suggest that AI reshapes organizations by increasing the importance of managerial expertise and by changing managerial roles and responsibilities within firms. 

Joint work with Liudmila Alekseeva, José Azar, and Sampsa Samila 

• Read Prof. Mireia Giné’s publications: https://www.iese.edu/faculty-research/faculty/mireia-gine/ 

• 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.

2025-10-20, Monday, 11:40-12:40 (Budapest time)
Institute of Finance - Room E.279.1. (Corvinus Building E, second floor)

Prof. Guglielmo Maria Caporale: A Global Oil Market Model with Shipping Costs

Abstract: This paper investigates the role of shipping costs in global crude oil and refined petroleum markets. For this purpose, a Global VAR (GVAR) model is estimated jointly for the oil and refined petroleum markets; this includes the Baltic Dirty Tanker Index (BDTI) and the Baltic Clean Tanker Index (BCTI) as measures of the cost of shipping crude oil and refined petroleum commodities, respectively. The results suggest that shocks to the cost of shipping petroleum commodities have a particularly severe negative impact on real economic activity and on refined petroleum consumption in most regions. Shocks to the price of crude oil and refined petroleum instead have inflationary effects, especially in countries that are net importers of those commodities. Further, it appears that the relationship between commodity prices and their respective shipping costs has broken down since the beginning of the Covid-19 pandemic. Specifically, a counterfactual analysis shows that the pandemic moved the prices of crude oil and refined petroleum and their costs of shipping in opposite directions. A second counterfactual scenario concerning the impact of Russian oil sanctions shows that there is a high probability that they increased shipping costs.

Joint work with Christina Anderl (London South Bank University)

• Read Prof. Guglielmo Maria Caporale’s publications: https://www.brunel.ac.uk/people/guglielmo-maria-caporale 

• 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.