SBFC2023

Aim of SBFC

Our primary objective in organising this conference is to foster a platform where international academics can gather, interact, and exchange their latest insights in the fields of banking, financial system stability, and other pertinent subjects within financial studies. By facilitating this forum, we aim to prioritise collaborative endeavours in addressing the most pressing and contemporary issues concerning banking and financial stability. Furthermore, we aspire to contribute to public policy discussions on how to enhance our collective framework and fortify the resilience of the financial system for the future.

Keynote Speakers

Program

Session Papers

Session papers that can be downloaded are shown below with a download link. Papers without a link may be obtained by directly emailing the author.

Sessn No.	Title	Author
1A1	Endogenous Bank-Firm Matching: Time-variation and Effects	Han Zhou, Monash University, Australia
1A2	Monitoring with Small Stakes	Sheila Jiang, University of Florida , USA
1A3	Stay Connected, Stay Financed: Evidence from Global Network of Air Links and Syndicated Loans	Zigan Wang, Tsinghua University, China
1B1	Funding Liquidity Creation by Banks	Edison Yu, Federal Reserve Bank of Philadelphia, USA
1B2	Volume Dynamics Around FOMC Announcements	Xingyu Sonya Zhu, Bank for International Settelemts, Switzerland
1B3	Unconventional Credit Policies During Crises: A Structural Analysis of the Chilean Experience During the COVID-19 Pandemic	Mario González, Central Bank of Chile, Chile
1C1	Monitoring Fintech Firms: Evidence from the Collapse of Peer-to-Peer Lending Platforms	Maggie Rong Hu, Chinese University of Hong Kong, Hong Kong SAR
1C2	Bring the Shadow to the Light: Market Uncertainties and Too-Big-to-Fail Perception	Zongyuan Li, Wenzhou Kean University, China
1C3	Bank Technology Adoption and Loan Production in the U.S Mortgage Market	Douglas Xu, University of Florida , USA
1D1	Bond Ownership Concentration	Eduard Inozemtsev, University of Melbourne, Australia
1D2	Does Employer’s Ownership Matter for Analyst’s Earning Forecast Accuracy?	Yifei (Viola) Miao, Monash University, Australia
1D3	Does Market Transparency Keep the Bear Asleep? Implications of Short Selling Disclosure on the Lending Market and Corporate Behaviors	Geoffrey Ducournau, Tsinghua University, China
1E1	Dispersion Across CLOs on Marking Corporate Loans	Yafei Zhang, University of Manchester, UK
1E2	Informed Investors and Underpricing in Municipal Bond Offerings	Viet-Dung Doan, Hong Kong Baptist University, Hong Kong SAR
1E3	Who uses Fintech products: Evidence from the pay-on-demand market	Andrew Grant, University of Sydney, Australia
1F1	Analysis of Three Decades of Systemic Risk Evolution in the USA: A Comprehensive Commentary	Tianqi Luo, Trinity College Dublin, Ireland
1F2	Stagflationary Stock Returns and the Role of Market Power	Yannick Timmer, Federal Reserve Board, USA
1F3	When the Long is Long and the Short is Short	Lifang Li, Xi’an Jiaotong University, China
2A1	Global Banking Systems, Financial Stability and Uncertainty: How have countries coped with Geopolitical Risk?	Hai Hong Trinh, Massey University, New Zealand
2A2	Lending Standards Dispersion	Phong T. H. Ngo, Australian National University, Australia
2A3	Negative Interest Rates and Bank Credit Risk-Taking	Zixuan Dai, University of South Australia, Australia
2B1	Internal Capital Markets motives: the case of insurance groups	Eric Vansteenberghe, Bank of France, France
2B2	Learning from Prices, Credit Cycles and Macroprudential Policies	Yeow Hwee Chua, Nanyang Technological University, Singapore
2B3	Bank Bailouts and Competitive Distortions	Giovanni Cardillo, University of Bologna, Italy
2C1	The Impact of Fintech on Banking: Evidence from Banks’ Partnering with Zelle	Yajun Xiao, Jiaotong-Liverpool University, China
2C2	CBDC and the Shadow of Bank Disintermediation: US Stock Market Insights on Threats and Remedies	Paul F. Hark, University of Münster, Germany
2C3	Neobank Prosperity and Covid Impacts --- an International Study	Melissa Xu, Hong Kong Polytechnic University, Hong Kong SAR
2D1	Regulation-Induced CSR	Jing Xu, University of Technology Sydney, Australia
2D2	The CSR Puzzle: Decrypting its influence on Financial Distress in India	Priya Dhawan, Indian Institute of Technology, India
2D3	Mandatory ESG Disclosure and Financial Contracts	Yehwan Lee, Korea Advanced Institute of Science and Technology, Korea
2E1	Liquidity Asymmetry Under Variation in Short Selling Regimes: A Study under Non-Market-Wide Crisis Settings	Pallab Dey, University of New South Wales, Australia
2E2	Mark-up Disclosure Rule and its Effects on Trading Costs in the Municipal Bond Market	Yu He, University of Nebraska–Lincoln, USA
2E3	Information Choices and Dynamic Institutional Trading Cycles	Te-Feng Chen, Hong Kong Polytechnic University, Hong Kong SAR
2F1	Assessing the Common Characteristics of Australian Banks	Connor Butterfield, Reserve Bank of Australia, Australia
2F2	Stress Testing Indebted Households	Amelia Gao, Reserve Bank of Australia, Australia
2F3	Assessing Climate Risk in Repo-eligible RMBS	Geordie Reid, Reserve Bank of Australia, Australia
3A1	Nothing Special about an Allowance for Corporate Equity: Evidence from Italian Banks	Dennis Dreusch, Otto-von-Guericke University, Germany
3A2	A Tale of Two Market Disciplines: How does Bank Financial Misconduct Affect Peer Banks in the Local Deposit Market	Yang Qiu, Chinese University of Hong Kong, Hong Kong SAR
3A3	The Shadow Cost of Collateral	Guangqian Pan, University of Sydney, Australia
3B1	Basel III Joint Regulatory Constraints: Interactions and Implications for the Financing of the Economy	Cyril Pouvelle, Bank of France, France
3B2	Effects of Bank Capital Requirements on Lending by Banks and Non-Bank Financial Institutions	Natalja Von Westernhagen, Deutsche Bundesbank, Germany
3B3	The Theory of Bank Resolution: Does the Bail-in Work	Urs Lendermann, Deutsche Bundesbank University of Applied Sciences, Germany
3C1	Does an Exclusive Relationship with Government Banks Matter During Climate Shocks?	Harish Kamal, Indian Institute of Management, India
3C2	Corporate Social Responsibility and Bank Liquidity Creation during Financial Crises	Wei-Da Chen, Fu Jen Catholic University, Taiwan
3C3	Green versus Sustainable Loans: The Impact on Frms' ESG Performance	H. Özlem Dursun-de Neef, Monash University, Australia
3D1	How does Declining worker Power Affect Investment Sensitivity To Minimum wage?	DuckKi Cho, University of Sydney, Australia
3D2	Employee Rights and Investment Cash Flow Sensitivity	Thuy To, University of New South Wales, Australia
3D3	Location Matters: The Impact of Local Air Quality on CEO Compensation Structure	Mark Humphery-Jenner, University of New South Wales, Australia
3E1	ETF Shorting Activity, Return Predictability and Information EffIciency of Underlying Securities	Jiayuan Chen, University of Melbourne, Australia
3E2	Security Lending Market, Secondary Market Arbitrageurs, and ETF Mispricing	Bochen Wu, University of Melbourne, Australia
3E3	Navigating Inflation Risk in Corporate Bond Markets: Evidence from Mutual Funds	Han Xiao, Chinese University of Hong Kong, Shenzhen, China
3F1	The Information Content in Credit Default Swap Trading and Simultaneous Bondholding: Evidence from Insurance Companies	Gaiyan Zhang, University of Missouri-St. Louis, USA
3F2	Fails Charge and Liquidity Spillovers	Mikhail Bhatia, Hong Kong University of Science and Technology, Hong Kong SAR
3F3	CEO Narcissism and Dividend Policy	Moon Deok Park, Korea Advanced Institute of Science and Technology, Korea
4A1	Bank Tax and Deposit Competition: Evidence from U.S. State Taxes	Alessio Galluzzi, University of Sydney, Australia
4A2	Stablecoins and Central Bank Digital Currencies: Friends or Foes?	Giovanni Cardillo, University of Bologna, Italy
4A3	The Cost of Financial Intermediation in Australia	Indeewari U. Colombage, University of Western Australia, Australia
4B1	Public-Guaranteed Loans, Bank Risk-Taking and Regulatory Capital Windfall	Eric Vansteenberghe, Bank of France, France
4B2	Accounting vs. Prudential Disclosure - An Empirical Analysis of Credit Institutions in the Context of Valuation and Impairments	Andreas Igl, University of Applied Sciences of Deutsche Bundesbank, Germany
4B3	Macroprudential Policy Leakage through Firms	Björn Imbierowicz, Deutsche Bundesbank, Germany
4C1	Banks’ Private Money Creation and Market Preferences: Evidence from Banks’ Commercial Paper Issuance	Mostafa Aghasian, Université Paris-Dauphine, France
4C2	Sea Level Rise Risk and Mortgage Lending Standards	Chengbo Fu, University of Northern British Columbia, Canada
4C3	Crypto Market Turbulence	Simon Rudkin, University of Manchester, UK
4D1	Trade Credit within a Business Group	Jinzhao Du, University of New South Wales, Australia
4D2	Geopolitical Risk and Corporate Political Spending Disclosure	Swadip Bhattacharjee, University of Wollongong, Australia
4D3	Global Insolvency and Cross-border Capital Flows	Ji Hyun Tak, University of New South Wales, Australia
4E1	Institutional investor cliques and ESG performance: Evidence from Chinese firms	Cheng Xiang, Chongqing University, China
4E2	Carbon Beta: A Market-Based Measure of Climate Transition Risk Exposure	Dries Laurs, Vrije Universiteit Amsterdam, Netherlands
4E3	Riding the Wave of Responsibility: Evidence from China’s Mutual Funds	Zhuang Zhuang, Zhejiang Gongshang University, China
4F1	The Disciplinarity of Finance Journals	Gabriele Sampagnaro, University of Naples Parthenope, Italy
4F2	Asset Market Liquidity, Strategic Complementarity, and Bond Fund Flows	Xiaolu Hu, Royal Melbourne Institute of Tec, Australia
4F3	How Does Corruption Culture Affect Financial Professionals? Evidence from Financial Advisor	Zhe An, Monash University, Australia
5A1	The Geography of Bank Deposits and the Origins of Aggregate Fluctuations	Seongjin Park, University of Chicago, USA
5A2	Unsecured Loans and Intangible Investment	Yoshiaki Ogura, Waseda University, Japan
5A3	Measuring Bank-Level Uncertainties Using Text Mining	S. M. Woahid Murad, Curtin University, Australia
5B1	Market Reactions to the Announcements of Financial Risk Regulation from Basel II.5 to Basel IV: What Do Shareholders and Creditors Perceive?	Jonas Krettek, Heinrich Heine University Düsseldorf, Germany
5B2	Output Floors in Setting Bank Capital Requirements	Adrian Pop, University of Nantes, France
5B3	Bank Capital and Liquidity Risk: Influence of Crisis and Regulatory Intervention	David Tripe, Massey University, New Zealand
5C1	Does Climate Policy Uncertainty Affect a Firm’s Lease Versus Buy Decision?	Fahim Sultanbawa, University of Queensland, Australia
5C2	Assessing the Impact of Carbon Emissions on Firm Default Risk: A Global Perspective	Masayasu Kanno, Nihon University, Japan
5C3	Firms’ Climate Risks and Bank Lending: Evidence from the COVID-19 Crisis	Masayo Shikimi, Nagasaki University, Japan
5D1	The Role of Employees as Information Intermediaries: Evidence from Their Professional Connections	Lyungmae Choi, City University of Hong Kong, Hong Kong SAR
5D2	Personal Network, Board Structure and Corporate Fraud in Japan	Takeshi Osada, Saitama University, Japan
5D3	Spiraling Downward: The Real Impacts of Public Short Campaigns on Product Innovation	Claire Liu, University of Sydney, Australia
5E1	Unveiling Effective Monitors: Institutional Investors' Identity and its Impact on Firms' Earnings Management Practices	Amrit Panda, Indian Institute of Management Sambalpur, India
5E2	Passive Demand and Active Supply: Evidence from Maturity-mandated Corporate Bond Funds	Tiange Ye, University of Southern California, USA
5E3	Institutional Investors, Political Uncertainty and Stock Prices	Chunxiao Lu, University of Melbourne, Australia
5F1	Do Pensions Have Real Teeth? Evidence from the State Government Borrowing Costs	Ting Zhang, University of Dayton, USA
5F2	Social Media Sentiment, Investor Herding and Informational Efficiency	Ni Yang, Auckland University of Technology, New Zealand
5F3	Friends versus Funding: Unpacking the Dynamics of Social Connections and Staged Financing in VC Investment	Fanqi Meng, University of Melbourne, Australia
6A1	Competition and Shrouded Attributes: Evidence from the Indirect Auto Loan Market	Morteza Momeni, University of Kentucky, USA
6A2	Stock Mispricing and Dual Holders’ Loan Pricing	Yun-Soo Kim, Korea Advanced Institute of Science and Technology, Korea
6A3	Information on Hot Stuff: Do Lenders Pay Attention to Climate Risk?	Mandeep Singh, University of Sydney, Australia
6B1	Pro or Counter cyclical Buffers of Quality Capital: US bank holding companies	Barry Williams, Monash University, Australia
6B2	How Binding is Supervisory Guidance? Evidence from the European Calendar Provisioning	Gabriele Lattanzio, University of Melbourne, Australia
6B3	Unpacking the Impact of CRR Regulation on NPL Dynamics in EU Banks	Inga Urbonaviciute, Vilnius Univeristy, Lithuania
6C1	Before Thrive, First Survive: The Impact of Controlling Shareholder Pledging on Corporate ESG Performance	Yun Ling, City University of Macau, Macau
6C2	Appointing Charity Directors in Response to ESG Incidents	Yuyang Zhang, University of Melbourne, Australia
6C3	CEO Experience and Value Creation: Evidence from Green Lab Locations	Leo Liu, University of Techonlogy Sydney, Australia
6D1	To Tell or Not to Tell? Examining Voluntary Disclosure of Customers’ Identities under Capital Market Pressure	Ting Zhang, University of Dayton, USA
6D2	The Product Market Consequences of Corporate Bankruptcy	Sergio Rocha, Monash University, Australia
6D3	Bank CEO Compensation to Enhance Stability	Ikuo Takei, Asia School of Business, Malaysia
6E1	Cross-Firm Information in Analyst Reports	Kotaro Miwa, Kyushu University, Japan
6E2	Nonlinear Dependence and Households’ Portfolio Decisions over the Life Cycle	Shize Li, Hong Kong University of Science and Technology., Hong Kong SAR
6E3	Volatility Risks Implied From Short Term VIX Futures	Guanglian Hu, University of Sydney, Australia
6F1	Agreeing to Disagree: Informativeness of Sentiments in Internet Message Boards	Yang Gao, Huazhong University of Science and Technology, China
6F2	CEO Initial Contract Horizon and the Design of Private Debt Contracts	Wenbin Hu, University of Queensland, Australia
6F3	The Impact of Corporate Social Responsibility (CSR) on Financial Performance and Distress Risk in a Highly Mobile Workforce	Ruiqi Mao, University of Sydney, Australia
7A1	The Industry Expertise Channel of Mortgage Lending	Zhanbing Xiao, University of British Columbia, Canada
7A2	Spatially Targeted LTV Policies and Collateral Values	Chun-Che Chi, Academia Sinica, Taiwan
7A3	Corporate Noncompliance: Do Corporate Violations Affect Bank Loan Contracting?	Ali Sheikhbahaei, Monash University, Australia
7B1	Heterogenous Response of Credit Conditions	Esteban Argudo, Vassar College, USA
7B2	Too Big to Rush	Deniz Okat, Hong Kong University of Science and Technology, Hong Kong SAR
7B3	Balance of Rights of Liquidity Supply and Demand	John C. Chu, Monash University, Australia
7C1	Religiosity and Board Structure: Board of Advising and Monitoring	Yuning Chen, Kean University, USA
7C2	Shareholders Conflict on Board: Shareholder Appointed Directors’ Pre Board Voting Private Bargaining and Director Voice in Voting	James Qi Wang, University of New South Wales, Australia
7C3	Board Gender Diversity and Bank Efficiency: International Evidence	Qiongbing Wu, Western Sydney University, Australia
7D1	What Do CDO Tranche Spreads Tell Us About Credit Availability and Credit Rating Standards?	Alexander David, University of Calgary, Canada
7D2	Stochastic Social Preferences and Corporate Investment Decisions	Jin Yu, Monash University, Australia
7D3	How Informationally Efficient is the Options Market?	Carlo Sala, Universitat Ramon Llull, Spain
7E1	The Global Implied Volatility Surface, Convexity, and Common Predictability of International Equity Premia	Terry Zhang, Australian National University, Australia
7E2	Taking Sides: Political Alignment and Municipal Bond Yield	Weijia Zhao, Northwestern University, USA
7E3	Abnormal Investment and Time-Varying Monitoring	Shahram Amini, University of Denver, USA
7F1	A Tale of Two Tightenings	Yundi Lu, University of Texas at Dallas, USA
7F2	Inflation Risk and the Finance-Growth Nexus	Jincheng Tong, University of Toronto, Canada
7F3	The Impact of Sovereign Risk on International Capital Flows	Peilin Cai, Shenzhen University, China
8A1	The Opioid Epidemic and Mortgage Lending: Credit or Demand Shock?	Kody Law, Cornell University, USA
8A2	Invisible Discriminatory Lending ? Executive Gender and Loan Financial Covenants	Yifan  Zhou, University of Leicester, UK
8A3	The EU Taxonomy and the Syndicated Loan Market	Jing Yu, University of Sydney, Australia
8B1	Credit Rating under Ambiguity	Christian Hilpert, Sun Yat-sen University, China
8B2	Bank Asset Problem and Financial Stability	John C. Chu, Monash University, Australia
8B3	Banking Structures, Liquidity and Macroeconomic Stability	David Hong, University of Edinburgh, UK
8C1	Security Offerings Following the COVID-19 Pandemic: Do Traditional Corporate Finance Theories Still Hold?	Qing Wang, Monash University, Australia
8C2	Access to Debt and Corporate Environmental Performance: Evidence from Anti-Recharacterization Laws	Ning Gong, Deakin University, Australia
8C3	The Corporate Financing Implications of Bond Mutual Fund Fragility	George Baihan Wang, Monash University, Australia
8D1	Short-Term Consumption Patterns Between Financially Exposed and Robust Individuals: Impact of Interest Rate Changes During and After COVID-19	Endre J. Reite, Norwegian University of Science and Technology, Norway
8D2	Political Divide and the Composition of Households’ Equity Portfolios	Elena S. Pikulina, University of British Columbia, Canada
8D3	The Effect of Home Ownership on Consumption: Evidence from Housing Lotteries in China	Yiqing Lu, New York University Shanghai, China
8E1	Herd Dynamics Around the Russo-Ukraine War and Covid-19 Pandemic	Azhar Mohamad, International Islamic University Malaysia, Malaysia
8E2	Cryptocurrencies: Hedging or Financialization?	Rangga Handika, Universitas Indonesia, Indonesia
8E3	The Value of Economic Regularization for Stock Return Predictability	Laleh Samarbakhsh, Toronto Metropolitan University, Canada
8F1	Bi-objective Cost-sensitive Machine Learning: Predicting Stock Return Direction Using Option Prices	Robert James, University of Sydney, Australia
8F2	Firm-Level Labor-Shortage Exposure	Qiyang He, University of Sydney, Australia
8F3	Follow the Pipeline: Anticipatory Effects of Proposed Regulations	Alejandro Lopez-Lira, University of Florida, USA