The HEC-HKUST Workshop on Impact and Sustainable Finance brings together researchers from Europe and Asia to share their latest research and ideas in this emerging field. The workshop will take place on Dec 4-5, 2023, in both Paris and Hong Kong, featuring presentations from HEC Paris, HKUST, and other researchers across Europe and Asia. The aim of the workshop is to create a platform for collaboration and knowledge-sharing between the two continents, while minimizing the need for travel and promoting sustainable practices.
Please download the full program here. You can register your attendance by filling the form. Those who plan to attend virtually will receive the video link on Dec 1, 2023.
Please find the links to the papers below:
December 4, 2023
2:30pm-3:30pm (HK time)
Industry View: How Can We Assess and Respond to Physical Climate Risk and Transition Risk?
by Bruce Chong (ARUP, engineering consultancy)
9:00am-9:45am (Paris time); 4:00pm-4:45pm (HK time)
Timing Matters: Dynamic Green Transition and Green Disclosure
by Deeksha Gupta (Johns Hopkins University) and Jan Starmans (Stockholm School of Economics)
discussed by Yan Xiong (HKUST)
9:45am-10:30am (Paris time); 4:45pm-5:30pm (HK time)
Benchmarking, Financial Frictions, and the Environment: Evidence from New Index Creation
by Vidhan K. Goyal (HKUST), Daniel Schmidt (Technical University of Munich), Theresa Spickers (University of Amsterdam), and Daniel Urban (Erasmus School of Economics)
discussed by François Derrien (HEC Paris)
10:45am-11:30am (Paris time); 5:45pm-6:30pm (HK time)
Becoming Virtuous? Mutual Funds’ Reactions to ESG Scandals
by Bastian von Beschwitz (Federal Reserve Board), Fatima Zahra Filali Adib (Copenhagen Business School), and Daniel Schmidt (HEC Paris)
discussed by Johan Sulaeman (NUS)
11:30am-12:15pm (Paris time); 6:30pm-7:15pm (HK time)
Climate Innovation and Carbon Emissions: Evidence from Supply Chain Networks
by Ulrich Hege (Toulouse School of Economics), Kai Li (Peking University HSBC Business School), and Yifei Zhang (Peking University)
discussed by Moritz Wiedemann (Imperial College)
12:15pm-12:45pm (Paris time); 7:15pm-7:45pm (HK time)
Uncovering Heterogeneity Among Impact Investors
by Michael Brown (Wharton), Shawn Cole (HBS), Jessica Jeffers (HEC Paris), Katherine Klein (Wharton)
December 5, 2023
2:30pm-3:30pm (HK time)
Industry View: Climate Finance and the Carbon Markets
by Charles E. Bedford (Carbon Growth Partners)
9:00am-9:45am (Paris time); 4:00pm-4:45pm (HK time)
by Tse-Chun Lin (HKU), Yiyuan Zhou (HKUST), and Hong Zou (HKU)
discussed by Annalisa Tonetto (University of Cambridge)
9:45am-10:30am (Paris time); 4:45pm-5:30pm (HK time)
Sustainable Investments: One for the Money, Two for the Show
by Hans Degryse (KU Leuven), Alberta Di Giuli (ESCP), Naciye Sekerci (KU Leuven), and Francesco Stradi (KU Leuven)
discussed by Darwin Choi (CUHK)
10:45am-11:30am (Paris time); 5:45pm-6:30pm (HK time)
Dirty Air and Green Investments: The Impact of Pollution Information on Portfolio Allocations
by Raymond Fisman (Boston University), Pulak Ghosh (Indian institute of Management Bangalore), Arkodipta Sarkar (NUS), and Jian Zhang (HKU)
discussed by Maxime Bonelli (LBS)
11:30am-12:15pm (Paris time); 6:30pm-7:15pm (HK time)
The Soft Carbon Budget Problem
by Philipp Koenig (Bundesbank), Vincent Maurin (HEC Paris), and David Pothier (University of Vienna)
discussed by John Nash (HKUST)
12:15pm-12:45pm (Paris time); 7:15pm-7:45pm (HK time)
Unpacking the Demand for Sustainable Equity Investing
by Don Noh (HKUST), Sangmin S. Oh (University of Chicago), and Jihong Song (Princeton University)
discussed by Daniel Schmidt (HEC Paris)