Session Chair: Luca Farè (University of Bergamo)

8.45am to 9.15am Blockholders and strategic voting in DAOs’ governance

• Romain Rossello (HEC Paris)

• Discussant:  Zachary Glatzer (Florida Atlantic University)

9.15am to 9.45am The future of payments: Impact of PSD2 on fintech providers using microdata from Spain

• Alonso-Robisco, A.  (Banco de España), Carbó, J.M.  (Banco de España), Cuadros, P.J.  (Banco de España), Quintanero, J., (Banco de España)

• Discussant: Robert Reardon (Florida Atlantic University)

9.45am to 10.15am Unveiling the Factors of Humanoid Service Robot Adoption in Banks

• Lars Hornuf (Technische Universität Dresden), Maximilian Meiler (Technische Universität Dresden)

• Discussant: Luca Farè (University of Bergamo)

Session Chair: Maria Encina Morales (Universidad San Pablo-CEU)

8.45am to 9.15am Climate change exposure and bank distance-to-default

• Yuna Heo (University of Basel)

• Discussant: Isabel Figuerola-Ferreti (ICADE–Universidad Pontificia Comillas)

9.15am to 9.45am The Optimal Design of Green Securities

• Adelina Barbalau (University of Alberta), Federica Zeni (The World Bank)

• Discussant: Clara González (Banco de España)

9.45am to 10.15am Inside the Blackbox of Firm Environmental Efforts: Evidence from Emissions Reduction Initiatives

• Catrina Achilles (University of Göttingen), Peter Limbach (University of Bielefeld and Centre for Financial Research), Michael Wolff (University of Göttingen) Aaron Yoon (Kellogg School of Management, Northwestern University)

• Discussant: Antonino Emanuele Rizzo (Nova SBE, Finance Department)

Session Chair: Alfonso Martínez-Echevarría (Universidad San Pablo-CEU)

8.45am to 9.15am Shareholder activism: Blessing or affliction for incumbent CEOs?

• Jana P. Fidrmuc (Warwick Business School), Jesus Gorrin (Warwick Business School), Jiaqi Zhao (Warwick Business School)

• Discussant: Andréanne Tremblay-Simard (Université Laval)

9.15am to 9:45am Escaping Pay-for-Performance

• Jason Chen (Auburn University), Jakub Hajda (HEC Montreal), Joseph Kalmenovitz (University of Rochester)

• Discussant: Ariadna Dumitrescu (ESADE Business School) 

9.45am to 10.15am The role of institutions in shaping national financial education strategies: insights from OECD

• Silvia Gómez Ansón (University of Oviedo), Irma Martinez Garcia (University of Oviedo)

• Discussant: Zhenkai Ran (University of Cambridge)

Session Chair: Manuel Molina (Universidad CEU-San Pablo)

10.30am to 11.00am Ownership of Equity Crowdfunding Platforms

• Luca Farè (University of Bergamo) Michele Meoli (University of Bergamo) Armin Schwienbacher (SKEMA Business School) Silvio Vismara (University of Bergamo)

• Discussant:  Alessia Pedrazzoli (University of Milano-Bicocca)

11.00am to 11.30am The Role of Sentiment in One-Click FinTech Borrowing

• Ran Duchin (Boston College), Paul Freed (University of South Carolina), John Hackney (University of South Carolina)

• Discussant: Romain Rossello (HEC Paris)

11.30am to 12.00pm From Crowds to Boards: The Impact of Equity Crowdfunding on Board Size

• Nina Marien (University of Antwerp) Ine Paeleman (University of Antwerp) Marc Deloof (University of Antwerp), Armin Schwienbacher (SKEMA Business School)

• Discussant: Maximilian Meiler (Technische Universität Dresden)

Session Chair:  Roberto Atanes (Univesidad San Pablo-CEU)

10.30am to 11.00am Do Consumers Care About Gender Pay Gap Disclosure? Evidence from Foot Traffic

• Brian Gibbons (Oregon State University) Franziska Schmid Gibbons (Oregon State University) Vesa Pursiainen (University of St. Gallen and Swiss Finance Institute)

• Discussant: Jana P. Fidrmuc (Warwick Business School)

11.00am to 11.30am Wealth Protection in Bankruptcy and Serial Entrepreneurship

•  Donghyun Kang (Copenhagen Business School)

• Discussant: Vicente Bermejo (ESADE)

11.30 am to 12.00pm Leading by Example: Can One Universal Shareholder’s Voting Pre-Disclosure Influence Voting Outcomes?

• Rüdiger Fahlenbrach (Ecole Polytechnique Fédérale de Lausanne), Nicolas Rudolf (University of Lausanne), Alexis Wegerich (Norges Bank Investment Management)

• Discussant: Jesus Gorrin (Warwick Business School)

Session Chair: Annette Poulsen (University of Georgia)

10.30am to 11.00am Tied at the Top: How Common Ownership Binds Executive Mobility

• Yanlin Liu (University of Adelaide), Juan (Jane) Luo (University of Adelaide), Limin Xu (University of Adelaide) Ralf Zurbrugg (University of Adelaide)

• Discussant: Maimuna Akter (Gonzaga University)

11.00am to 11.30am Governance effort reallocation by institutional owners

• Sergio J. Garcia (CUNEF Universidad), Jose M. Martin-Flores (CUNEF Universidad), Alvaro Remesal (CUNEF Universidad)

• Discussant: Noah Lyman (University of Warwick)

11.30 am to 12.00pm From Public to Internal Capital Markets: The Effects of Affiliated IPOs on Group Firms

• Luana Zaccaria (Einaudi Institute for Economics and Finance, and CEPR), Simone Narizzano (Bank of Italy), Francesco Savino (Bank of Italy) Antonio Scalia (Bank of Italy)

• Discussant: Bartolomé Pascual Fuster (Universitat de les Illes Balears)

Pablo Hernández de Cos

Pablo Hernández de Cos was recently announced as the next BIS General Manager, effective 1 July 2025.

Pablo Hernández de Cos is a former Governor of the Bank of Spain (June 2018 - June 2024), and Professor of Economics at IESE Business School as Professor of Economics.

Hernández de Cos holds a PhD in Economics from the Complutense University, specializing in macroeconomics, fiscal and monetary policy, and financial stability. He joins IESE as Professor of the Practice of Management.

He joined the Bank of Spain in 1997 as an economist in the Research Department, and over the years has represented the Bank on national and international bodies. In 2015, he became Director General of Economics and Statistics at the Bank of Spain. Between 2019 and June 2024, he chaired the Basel Committee on Banking Supervision, which has driven the Basel III reforms aimed at strengthening banks' capital and liquidity.

As Governor of the Banco de España, Pablo Hernández de Cos has also been a member of the Governing Council of the European Central Bank (ECB), the Council of State, the Advisory Board of the Financial Stability Institute (FSI) and the Group of Governors and Heads of Supervision of the Bank for International Settlements (BIS), as well as the Financial Stability Board (FSB).

He is currently an advisor to the Bank of Spain and chairs the Technical Advisory Committee of the European Systemic Risk Board (ESRB).

In his academic work, he has published extensively on monetary policy, fiscal policy, financial stability and the Spanish and European economy.

Session Chair: Chunxia Jiang (University of Aberdeen)

2.15pm to 2.45pm The Effect of Bank Supervision on Bank Boards

• Carlo Chiarella (CUNEF Universidad) Pedro J. Cuadros-Solas (CUNEF Universidad), Ludovico Rossi (CUNEF Universidad)

• Discussant: Chunxia Jiang (University of Aberdeen)

2.45pm to 3.15pm Banking Supervisory Architecture and Sovereign Risk

• Pedro J. Cuadros-Solas (CUNEF Universidad) Carlos Salvador (Universitat de València) Nuria Suárez (Universidad Autónoma de Madrid)

• Discussant: Artashes Karapetyan (ESSEC Business School)

3.15pm to 3.45pm Bank governance and systemic risk. Does bank supervision matter? Global evidence

• Samuel W. Adams (Loyola University), Larry Fauver (University of Tennessee), Lauren Milbach (Mississippi State University), Alvaro G. Taboada (Mississippi State University)

Discussant:  Ruoyu Gao (University College Dublin)

3.45pm to 4.15pm Biodiversity Risk and Bank Lending

• Xian Gu (Durham University), Felix Irresberger (Durham University), Hao Zhao (Durham University)

Discussant:  María Nieto (Banco de España)

Session Chair: Sofia Johan (Florida Atlantic University)

2.15pm to 2.45pm Retail Customer Reactions to Private Equity Acquisitions

• Vesa Pursiainen (University of St.Gallen), Tereza Tykvova (University of St.Gallen)

• Discussant: Douglas Cumming (Florida Atlantic University)

2.45pm to 3.15pm Spreading Sunshine in Private Equity: Financial Intermediation and Regulatory Oversight

• Yingxiang Li (City University of Hong Kong)

• Discussant: Donghyun Kang (Copenhagen Business School)

3.15pm to 3.45pm Scoring Profits? The Impact of Private Equity Investments on Soccer Clubs

• Brennan Cimpeanu (Michigan State University), Kristina Lalova (Michigan State University)

• Discussant: Francois Derrien (HEC Paris)

3.45pm to 4.15pm Catalysts for climate solutions: Corporate responses to venture capital financing of climate-tech startups

• Shirley Lu (Harvard Business School), George Serafeim (Harvard Business School), Simon Xu (Harvard Business School)

• Discussant: Sofia Johan (Florida Atlantic University)

Session Chair: Pablo de Andrés (Universidad Autónoma de Madrid)

2.15pm to 2.45pm Shareholderism around the World: Corporate Purpose, Culture and Law

• Renée B. Adams (University of Oxford), Amir N. Licht (Reichman University)

• Discussant:  Yanlin Liu (University of Adelaide)

2.45pm to 3.15pm What’s Uncommon Across Common Law Countries? Corporate Governance in the UK and US from the 17th Century to the Present

• Bonnie Buchanan (University of Surrey), Jeffry M. Netter (University of Georgia), Annette Poulsen (University of Georgia), Tina Yang (University of South Florida)

• Discussant: Adelina Barbalau (University of Alberta)

3.15pm to 3.45pm The Role of Parent Country Directors in Business Groups' Foreign Affiliates

• Aleksandra Gregoric (Copenhagen Business School), Raquel Justo (Universitat de les Illes Balears), Adrian L. Merida (Universitat de les Illes Balears), Bartolomé Pascual Fuster (Universitat de les Illes Balears)

• Discussant: Jose M. Martin-Flores (CUNEF Universidad)

3.45pm to 4.15pm Stakeholder-Oriented Governance and Firm’s Societal Impact

• Benjamin Maury (Hanken School of Economics) Niclas Meyer (Hanken School of Economics) Anete Pajuste (Stockholm School of Economics)

• Discussant: Kristine Sahakyan (ESCP Business School) 

Session Chair: Sofia Johan (Florida Atlantic University)

4.30pm to 5.00pm Data Breaches: Impact of Severity, Confounding Events, and Managerial Information Asymmetry

• Ruoyu Gao (University College Dublin) Ronan Powell (University College Dublin)

• Discussant:  Tommaso Tamburelli (Boston College)

5.00pm to 5.30pm Industry Expert Analysts and KPI Forecasts

• Roberto Vincenzi (Bocconi University), Wanli Zhao (Bocconi University)

• Discussant: Daniel Aobdia (The Pennsylvania State University)

5.30pm to 6.00pm Navigating the Green Fronter: Unveiling Extreme Risks and Spillovers in Sustainable Finance

• Pilar Grau Carles (Universidad Complutense de Madrid)

• Discussant: Diego Torres Torres (Banco de España)

Session Chair: Vicente J. Bermejo (ESADE)

4.30pm to 5.00pm Before the Storm: Firm Policies and Varying Recession Risk

• Ali Kakhbod (UC Berkeley), Dmitry Livdan (UC Berkeley), A. Max Reppen (Boston University), Tarik Umar (Rice University)

• Discussant: Ettore Croci (Università Cattolica del Sacro)

5.00pm to 5.30pm Strategic Cash Portfolio Management in the Face of Policy Uncertainty: Evidence from U.S. Firms

• Julian Atanassov (University of Nebraska), Gabriele Lattanzio (University of Melbourne), Bektemir Ysmailov (Nazarbayev University)

• Discussant:  Hao Zhao (Durham University)

5.30pm to 6.00pm Balancing family ownership and control and sustainability practices

• Ignacio Tascón Amo (University of Oviedo), María Sacristán Navarro (Universidad Rey Juan Carlos), Silvia Gómez Ansón (University of Oviedo)

• Discussant:  Marta Alonso (IESE Business School)

Session Chair: Clara I. González (Banco de España)

4.30pm to 5.00pm Changing the Board Game: Horizontal Spillovers of Gender Quotas

• Luigi Guiso (EIEF and CEPR) Fabiano Schivardi (LUISS, EIEF and CEPR) Luana Zaccaria (Einaudi Institute for Economics and Finance, and CEPR)

• Discussant:  Kristine Sahakyan (ESCP Business School) 

5.00pm to 5.30pm ESG Sentiment: A Revealed Preference Approach

• Stefano Pegoraro (University of Notre Dame), Antonino Emanuele Rizzo (Nova SBE, Finance Department), Rafael Zambrana (University of Notre Dame)

• Discussant: Liying Wang (University of Liverpool)

5.30 am to 6.00pm Local Monetary Policy

• Vyacheslav Fos (Boston College), Tommaso Tamburelli (Boston College), Nancy R. Xu (Boston College)

• Discussant: Ting Yu (University of Cambridge)

Session Chair: Pilar Grau (Universidad Complutense de Madrid)

8.45am to 9.15am Insiders’ trading on non-private information: Evidence from their trading on their economically linked firms’ M&A events

• Meziane Lasfer (Bayes Business School), Lijuan Xie (Nanjing University), Xiaoke Ye (University of Liverpool)

• Discussant: Teresa González (Banco de España)

9.15am to 9.45am Identification of Shadow Trading Risks in US Equity Markets via a Spatio-Temporal Graph Attention Network

• Alexis Stenfors (University of Portsmouth), Boyu Li (University of Technology, Sydney), Kaveesha Dilshani (University of Technology, Sydney), Andy Guo (University of Technology, Sydney), Peter Mere (Macquarie University), Fang Chen (University of Technology, Sydney)

• Discussant: Rex Wang Renjie (Vrije Universiteit)

9.45am to 10.15am Synthesizing Information-driven Insider Trade Signals

• Jens Heckmann (University of Duisburg-Essen), Heiko Jacobs (University of Duisburg-Essen), Patrick Schwarz (HEC Liège)

• Discussant: Douglas Cumming (Florida Atlantic University)

Session Chair: Alvaro G. Taboada (Mississippi State University)

8.45am to 9.15am Taxation when markets are not competitive: Evidence from a loan tax

• Felipe Brugués (Business School of Instituto Tecnológico Autónomo de México), Rebecca DeSimone (London Business School)

• Discussant: Julian Atanassov (University of Nebraska - Lincoln)

9.15am to 9.45am Global Bonds Redux: An Emerging Market Perspective

• Bonnie Buchanan (University of Surrey), Bo Han (Seattle University)

• Discussant: Roberto Vincenzi (Bocconi University)

9.45am to 10.15am Late Merging SPACs and deSPAC Performance

• Diego Leal (University of Texas at El Paso) Fang (Hank) Lin (Pacific Lutheran University), Asif I. Malik (California State University), Peter C. Mueller (Fordham University), Bryan E. Stanhouse (University of Oklahoma), Xin Yue (Doris) Zhou (University of Oklahoma)

• Discussant: Discussant: Carlos González-Pedraz (Banco de España)

Session Chair: Irma Martínez (Universidad San Pablo-CEU)

8.45am to 9.15am Industry Characteristics and Leverage: A Quantitative Analysis

• Prerna Mishra (Georgia State University), Ajay Subramanian (Georgia State University)

• Discussant: Trang Quynh Vu  (Norwegian School of Economics)

9.15am to 9.45am Private Information and the Design of Financial Securities: Empirical Evidence from Collateralized Loan Obligations

• Xinxin Zhang (Tulane University)

• Discussant: Amir N. Licht (Reichman University)

9.45am to 10.15am Conditional Pecking Order

• Tore Leite (Norwegian School of Economics), Karin S. Thorburn (Norwegian School of Economics), Trang Quynh Vu  (Norwegian School of Economics)

• Discussant: Prerna Mishra (Georgia State University)

Session Chair:  Sofia Johan (Florida Atlantic University)

10.30am to 11.00am Corruption culture and stock returns: Evidence from U.S. investments in Africa

• John Fan Zhang (Macau University of Science and Technology)

• Discussant: Jens Heckmann (University of Duisburg-Essen)

11.00am to 11.30am Disqualifying Managerial Misconduct in Corporate Bankruptcy [please email authors for a copy of the paper]

• Donghyun Kang (Copenhagen Business School), Lakshmi Naaraayanan (London Business School), Kasper Meisner Nielsen (Copenhagen Business School)

• Discussant: Ludovico Rossi (CUNEF Universidad)

11.30 am to 12.00pm Financial Literacy and Financial Crime: A Regression Discontinuity Approach

• Paul G. Freed (University of South Carolina), John Hackney (University of South Carolina)

• Discussant: Douglas Cumming (Florida Atlantic University)

Session Chair: Carlos González (Banco de España)

10.30am to 11.00am ESG and Mutual Fund Competition

• Ariadna Dumitrescu (ESADE Business School) Javier Gil-Bazo (Universitat Pompeu Fabra)

• Discussant: Sonia Falconeiri (Bayes Business School)

11.00am to 11.30am Drivers and Barriers for Inclusion in Sustainable SFDR fund´s portfolios: An Empirical Analysis in European Listed Companies

• Susana Martinez Meyers (IE Business School), Idoya Ferrero Ferrero (University Jaume I), María Jesus Muñoz-Torres (University Jaume I)

• Discussant: Pilar Grau Carles (Universidad Complutense de Madrid)

11.30am to 12.00pm Analysis of the role of gender in financial risk assessment in European insurance companies

• María-Carmen García-Centeno (Universidad San Pablo-CEU), María Encina Morales de Vega (Universidad San Pablo-CEU), Ricardo Palomo Zurdo (Universidad San Pablo-CEU)

• Discussant: Irma Martínez (Universidad de Oviedo)

Session Chair: Tommaso Tamburelli (Boston College)

10.30am to 11.00am Technology spillover effects and patent announcements

• Dominik Walter (University of Konstanz)

• Discussant: Anahit Mkrtchyan (University of Massachusetts)

11.00am to 11.30am Creativity without walls: The case of open innovation

• John (Jianqiu) Bai (Northeastern University), Rui Dai (Wharton Research Data Services), Anahit Mkrtchyan (University of Massachusetts Amherst), Chi Wan (University of Massachusetts) 

• Discussant: Dmitry Livdan (UC Berkeley)

11.30am to 12.00pm Do green innovation attract institutional investors?

• Chandra Thapa (University of Strathclyde), Athimet Chetteeraphat (University of Strathclyde), Krishna Paudyal (University of Strathclyde), Biwesh Neupane (University of Strathclyde)

• Discussant: Dominik Walter (University of Konstanz)

Best Paper and Best Reviewer Awards to be announced!  The plaques are generously sponsored by the British Academy of Management through the Corporate Governance Special Interest Group .  The cash awards totalling $1000 are for 2 best papers ($300 each) and 2 best discussants ($200 each) are generously sponsored by are sponsored by the USPCEU Mutua Madrileña Chair.  The award winner announcement slides are here.

We announced the 2023 Best Paper Award for the Review of Corporate Finance ($1000 Prize!) for papers published in volume 4, generously sponsored by Now Publishers.  Best Paper award winner announcement slides are here.

We will have a friendly open chat with editors about publications in various journals that publish papers in Corporate Finance and Corporate Governance, including but not limited to the British Accounting Review will publish a special issue on AI in finance, and the Review of Corporate Finance which will 2 publish special issues: on DeFi and the intersection of politics and finance.  Silvio Vismara will discuss publishing papers in the finance section of the British Journal of Management (ABS4).  Also, there will be a discussion of publishing entrepreneurial finance papers in Entrepreneurship Theory and Practice (ABS4 FT) and Venture Capital: An International Journal of Entrepreneurial Finance (ABS2).

Revised papers on banking or financial intermediation can be submitted to the Journal of Financial Services Research (ABS3) after the conference. At submission, presenters can choose the Boca-ECGI Conference to waive all submission fees. 

Session Chair:  Lorenzo Escot Mangas (Universidad Complutense de Madrid)

1.45pm to 2.15pm Government Arrears and Corporate Decisions: Lessons from a Natural Experiment

• Jos´e M. Abad (World Bank Group), Vicente J. Bermejo (ESADE), Vicente Cu˜nat (London School of Economics), School Rafael Zambrana (University of Notre Dame)

• Discussant:  Annette Poulsen (University of Georgia)

2.15pm to 2.45pmc Political Promotions and Firms’ Food & Drug Safety Violations: The Carrot-and-Stick

• Hengmiao Bao (Xiamen University), Yingmei Cheng (Louisiana State University), Hanming Fang (University of Pennsylvania), Chaopeng Wu (Xiamen University)

• Discussant: Benjamin Maury (Hanken School of Economics)

2.45pm to 3.15pm  Do CEOs' Political Ideologies Matter for Climate Disclosures?

• Marta Alonso (IESE Business School), Diana Castro (UCLy (Lyon Catholic University), ESDES), Walid Ben Amar (University of Ottawa)

• Discussant:  Vesa Pursiainen (University of St. Gallen and Swiss Finance Institute)

3.15pm to 3.45pm Political Polarization and Corporate Investment

• Julian Atanassov (University of Nebraska), Brandon Julio (University of Oregon), Tiecheng Leng (Harbin Institute of Technology) Qiaoqiao Zhu (Australian National University)

• Discussant:  Silvia Gómez Ansón (Universidad de Oviedo)

Session Chair: Geraldine Bethencourt Rodríguez (Universidad San Pablo CEU)

1.45pm to 2.15pm Are Acquirers able to Weather the Storm? Performance Effect of Post-merger Integration in Dire Times

• Nihat Aktas (WHU Otto Beisheim School of Management), Ettore Croci (Università Cattolica del Sacro), Andrea Signori (Università Cattolica del Sacro)

• Discussant: Bonnie Buchanan (University of Surrey)

2.15pm to 2.45pm Product market conditions and the decision to acquire private versus public targets

• Siti Farida (Birmingham Business School), Jana P. Fidrmuc (Warwick Business School), Peter Roosenboom (RSM Erasmus University)

• Discussant: Kristina Lalova (Michigan State University)

2.45pm to 3.15pm  How Informative Are Acquirer Announcement Returns? Evidence from Merger Waves

• Ming Dong  (York University), Andréanne Tremblay-Simard (Université Laval)

• Discussant: Shaen Corbet (Dublin City University)

3.15pm to 3.45pm Poison Bonds

• Rex Wang Renjie (Vrije Universiteit), Shuo Xia (Leipzig University)

• Discussant: Bektemir Ysmailov (Nazarbayev University)

Session Chair: Ricardo Gimeno (Banco de España)

1.45pm to 2.15pm Environmental Penalties and Green Talk: Evidence from Conference Calls

• Chiara De Amicis (Skema Business School), Sonia Falconieri (Bayes Business School)

• Discussant:  Ricardo Gimeno (Banco de España)

2.15pm to 2.45pm Propagation of E&S Concerns in Firm Networks: Evidence from Shareholder Proposals in the US

• Ting Yu (University of Cambridge)

• Discussant: Gabriela Contreras (Radboud University)

2.45pm to 3.15pm Decrypting the Financial and Ecological Real Effects of Biodiversity Conservation

• Luoye Chen (Hong Kong University of Science and Technology), Liying Wang (University of Liverpool), Yi Zhang (Hong Kong University of Science and Technology)

• Discussant: Enshuai Yu (Boston College)

3.15pm to 3.45pm More Data, More Credit? Information Sharing and Bank Credit to Households 

• Tamás Briglevics (Central Bank of Hungary), Artashes Karapetyan (ESSEC Business School), Steven Ongena (University of Zurich, Swiss Finance Institute, KU Leuven, NTNU Business School and CEPR), Ibolya Schindele (Central European University, Corvinus, University and Central Bank of Hungary)

• Discussant: Biwesh Neupane (University of Strathclyde)

Session Chair: Javier Morillas (Consejero Tribunal de Cuentas. Catedrático USP CEU)

4.00pm to 4.30pm Gender differences in the results of voting for candidates to the board of directors of Russian companies

• Polina Pulinets (HSE University), Marina Zavertiaeva (HSE University), Dmitry Kirpishchikov (HSE University)

• Discussant:  Alexis Stenfors (University of Portsmouth)

4.30pm to 5.00pm Regulatory Costs and Vertical Integration: Evidence from Supply Chain Disclosure Regulations

• Enshuai Yu (Boston College)

• Discussant: Xiaoke Ye (University of Liverpool)

5.00pm to 5.30pm Marijuana Legalization and Firms' Cost of Equity

• Scott Guernsey (University of Tennessee), Matthew Serfling (University of Tennessee), Cheng Yan (University of Essex)

• Discussant: Jens Heckmann (University of Duisburg-Essen)

5.30pm to 6.00pm Capital Gains Taxes and IPOs: The Value of Stock as Acquisition Currency

• Benjamin P. Yost (Boston College), Enshuai Yu (Boston College)

• Discussant: Rebecca DeSimone (London Business School)

Session Chair: Amir N. Licht (Reichman University)

4.00pm to 4.30pm Human Capital and Mobility in the Executive Labor Market

• John W. Barry (Rice University), Noah Lyman (University of Warwick),  Lin Zhao (Duke University)

• Discussant: Biwesh Neupane (University of Strathclyde)

4.30pm to 5.00pm Algorithmic innovation for corporate social responsibility in the use of AI: Design of inclusive algorithms in selection processes to establish minimum European standards, with a proposal lege ferenda

• Paloma Rodríguez Martínez (UAH)

• Discussant: J.M. Carbó (Banco de España)

5.00pm to 5.30pm Common Ownership Directors

• Ofer Eldar (UC Berkeley), Yaron Nili (Duke University), James Pinnington (Duke University)

• Discussant: John Hackney (University of South Carolina)

5.30pm to 6.00pm Female Skin in the Game: Bridging the Gender Financing Gap

• Kristine Sahakyan (ESCP Business School)

• Discussant: Douglas Cumming (Florida Atlantic University)

Session Chair: Silvia Gómez Ansón (Universidad de Oviedo)

4.00pm to 4.30pm Value versus Values: Can Stock Liquidity Save the Planet?

• Zhenkai Ran (University of Cambridge), Mao Ye (Cornell University)

• Discussant: Xinxin Zhang (Tulane University)

4.30pm to 5.00pm Do auditors understand the implications of ESG issues for their audits? Evidence from financially material negative ESG incidents

• Daniel Aobdia (The Pennsylvania State University), Aaron Yoon (Kellogg School of Management Northwestern University)

• Discussant: Mrinal Mishra (University of Melbourne)

5.00pm to 5.30pm Different Shades of Green Promises: Estimating their Real Impact

• Emanuela Benincasa (University of Zurich), Jonathan Fu (University of Zurich), Mrinal Mishra (University of Melbourne)

• Discussant: Paul Freed (University of South Carolina)

5.30pm to 6.00pm How does workforce sexual harassment litigation affect board gender diversity?

• Stefano Bonini (Stevens Institute of Technology) Balbinder Singh Gill (Stevens Institute of Technology) Kose John (New York University)

• Discussant: Lorenzo Escot Mangas (Universidad Complutense de Madrid)

The Conference Dinner will be on Saturday, December 14, 2024, 7:45pm, at Posada de la Villa. 

Map Showing Restaurant Location

The closest metro station is Ópera, which is on Line 2 (the red line heading towards Ventas). Here you have attached a map of the Madrid metro system for reference and this is a Google Maps link to guide them from Ópera station to La Posada de la Villa, (located at Cava Baja, 9):

https://maps.app.goo.gl/hdEF7QHitKKhpPET7

Madrid metro map here