SBFC2024 Program

Conference Booklet

 

Best paper awards for SBFC2024 

Best paper in Banking: 

Danmo Lin, University of Warwick,  “The spillover of corporate ES on bank loan cost”, 3B1 

 

Best paper in Financial Stability: 

Shu-Cing Peng, National Central University,  “Bridging the gap: The impact of board-management commonality on firm value and board decision-making effectiveness”, 1E3

 

Best PhD paper: 

Yun-Soo Kim, Korea Advanced Institute of Science and Technology,  “Alerting banks to climate risks: Impact of bad air quality shocks on pricing loans for brown firms”, 7A2

 

SBFC2024 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.

Session Number	Title	Author
1A1	Better than risk-free: Reserve premiums and bank lending	Raymond Kim, Northern Arizona University, USA
1A2	CEO’s facial attractiveness and bank loan contracting	Po-Hsin Ho, National Central University, Taiwan
1A3	Substitutability of bank deposits and money market mutual funds: Implications for bank lending	Anna Agapova, Florida Atlantic University, USA
1B1	The effects of banking digital competition on growth and financial stability: Evidence from banking apps usership	Xiaoyang Li, Hong Kong Polytechnic University, Hong Kong
1B2	AI and fintech synergy: Bridging financial stability in islamic and conventional banks	Muhammad Ishaq Bhatti, La Trobe University, Australia
1B3	Keeping up in the digital era: How mobile technology is reshaping the banking sector	Charlotte Haendler, Southern Methodist University, USA
1C1	Adverse selection in deposit insurance following the 2023 banking crisis	David Huberdeau-Reid, University of Memphis , USA
1C2	Bank credit losses and bailout in real-sector network	Can Li, Renmin University, China
1C3	Asset prices and bank runs	Diemo Dietrich, University of Greifswald, Germany
1D1	Stock return prediction based on a functional capital asset pricing model	Han Lin Shang, Macquarie University, Australia
1D2	Artificial technology: A double-edged sword	Yajun Xiao, Xi’an Jiaotong-Liverpool University, China
1D3	Anatomy of out-of-court debt workouts for SMES	Iichiro Uesugi, Hitotsubashi University, Japan
1E1	Board gender diversity and climate risk disclosure	Arun Upadhyay, Florida International University, USA
1E2	Common ownership networks and the expansion of female board representation	Calvin J. Chiou, National Chengchi University, Taiwan
1E3	Bridging the gap: The impact of board-management commonality on firm value and board decision-making effectiveness	Shu-Cing Peng, National Central University, Taiwan
1F1	Machine learning in corporate bonds: evidence from China	Xiaolu Hu, RMIT University, Australia
1F2	The intertwined price discovery processes in equity and option markets	Yunjiang Dong, Queen’s University, Canada
1F3	Beyond open access: Predicting financial advisor misconduct using machine learning	Zhe An, Monash University, Australia
1G1	Save more or less? The impact of government health insurance change on saving behavior	Ye Lyren Lu, Imperial College London, UK
1G2	Spouses in the same boat: Labor income risk and intra-household risk sharing	Singsen Lam, Sun Yat-Sen University, China
1G3	Household debt composition and labor market outcomes	Jesús Gorrín, University of Warwick, UK
2A1	Market pressure or regulatory pressure? U.S. small bank pre-emptive IT investment to privacy regulations	Jin Huang, Xi'an Jiaotong-Liverpool University, China
2A2	Countercyclical capital buffer and bank risk-taking behaviour: Compromising ends with means?	Deasy Ariyanti, Ghent University, Belgium
2A3	A stress test with simultaneous impact to the banking system	Aditya Anta Taruna, Australian National University, Australia
2B1	The impact of fintech on employment	Zhangweiyi Ren, University of Adelaide, Australia
2B2	Fintech lending and divergent monetary policy: Evidence from the Covid-19 and Russo-Ukrainian war	Stephen Fan, University of Sydney, Australia
2B3	Mobile payment platform competition: Evidence from a bank in China	Guodong Chen, New York University Shanghai, China
2C1	Who is elected to the board of directors and why?	Christophe Volonté, University of Basel, Switzerland
2C2	Inherited culture and corporate innovation	Xiaona Ji, Macquarie University, Australia
2C3	Were bank CEOs rewarded for taking subprime gambles?	Dietmar Leisen, Johannes Gutenberg University, Germany
2D1	Does misvaluation leads to more informative prices?	Bharat Raj Parajuli, Monash University, Australia
2D2	Executive talent allocation across family business group affiliates	Jinzhao Du, University of New South Wales, Australia
2D3	Climate change-related regulatory exposure and corporate investment efficiency	Kamrul Huda Talukdar, University of Central Florida,, USA
2E1	Intermediary capital and financing sustainable investment	Tak-Yuen Wong, National Tsing Hua University, Taiwan
2E2	The cost of financial misconduct in nonprofits	Artem Joukov, Wenzhou-Kean University, China
2E3	Active verbal communication with corporate insiders	Kotaro Miwa, Kyushu University, Japan
2F1	The impact of trading platform jitter on market quality	Robert  Gaudiosi, Macquarie University, Australia
2F2	Price efficiency or noise: High frequency trading impact on corporate investment	Jun Liu, University of Tasmania, Australia
2F3	Centralising forces in decentralised exchanges: The emergence of dealers	Sean Foley, Macquarie University, Australia
2G1	Currency return dynamics: What is the role of U.S. macroeconomic regimes?	Qianshu Zhang, City University of Hong Kong, Hong Kong
2G2	Dependency and systemic risk in dynamic financial network	Shahab Nankali, RMIT University, Australia
2G3	Reversal of the BOJ's balance sheet policy and liquidity dependence	Takeshi Osada, Saitama University, Japan
3A1	An analytical model for loan commitments facing the material adverse change	Dan Galai, Hebrew University of Jerusalem, Israel
3A2	Birds of a feather flock together: A deep learning bank co-lending network risk measure	Yunying Huang, University of Sydney, Australia
3A3	Price dislocations, systematically important banks, and spillovers	John Chu, Monash University, Australia
3B1	The spillover of corporate ES on bank loan cost	Danmo Lin, University of Warwick, UK
3B2	Racial disparities in the U.S. mortgage market: Evidence from privacy legislation	Xiangyu Lin, University of Manchester , UK
3B3	To be or not to be (in)? The question of financial conglomerate resilience	Cyril Pouvelle, Bank of France, France
3C1	Unintended consequences of CEO-employee pay ratio disclosure mandate: Evidence from shareholder proposals	Zhaofeng Xu, Monash University, Australia
3C2	Irresponsible practices, CEO turnover, and firm value – A mediation model	Emilia Vähämaa, Hanken School of Economics, Finland
3C3	Tailoring compensation contracts to mitigate behavioral attributes: Evidence from CEO early life disaster exposure	Mark Humphery-Jenner, University of New South Wales, Australia
3D1	Should firms avoid relying on key employees? Evidence from inventors	Jin Wang, Wilfrid Laurier University, Canada
3D2	Political ideology alignment on supply chain	Ting Dai, Hong Kong University of Science and Technology, Hong Kong
3D3	Uncertainty creates zombie firms: Implications for industry dynamics and creative destruction	Kevin Aretz, University of Manchester, UK
3E1	Skilled and sustainable: Investment choices and performance of Swiss retail investors	Leonie Engelhardt, University of Geneva, Switzerland
3E2	Anatomy of municipal green bond yield spreads	Mohammad Hadi Sehatpour , University of Technology Sydney, Australia
3E3	Is greenium a reflection of inflation risk?	Yuyi He, Chinese University of Hong Kong, Hong Kong
3F1	Limits to arbitrage and runs on stablecoins	Ravi Joshi, Louisiana State University, USA
3F2	Learning from price and arbitrage profits in the stablecoin market	Mingjun Hao, Australian National University, Australia
3F3	Cryptocurrency contagion: How does it differ from the commodity contagion?	Rangga Handika, Tokyo International University, Japan
3G1	Can trust enhance credit rating accuracy?	Yu Su, Monash University, Australia
3G2	Systemic risk measures and macroeconomic shocks	Zongxin Qian, Renmin University, China
3G3	Beyond carry: The prospective interest rate differential and currency excess returns	Mengmeng Dong, University of California Riverside, USA
4A1	Credit relationships and dynamic credit constraints	Jingfeng Zhang, London School of Economics and Political Science, UK
4A2	The price of privacy: The impact of GDPR on international syndicated loan costs and employment in banking	Chengjun Liu, Hong Kong Polytechnic University, Hong Kong
4A3	Credit concentration limit and bank’s risk-sharing: Evidence from syndicated loans	Bolortuya Enkhtaivan, Western Michigan University, USA
4B1	Profitability, ownership, risk, and deposit insurance of commercial banks in Africa	Evans Darko, Université de Rennes, France
4B2	Mortgage aggregation and credit supply	Keling Zheng, University of British Columbia, Canada
4B3	Poor performance and CEO turnover in community banks: The role of gender in managerial successions	Sami Vähämaa, University of Vaasa, Finland
4C1	CEO’s political contribution and rewards	Lei Chen, University of Melbourne, Australia
4C2	Biodiversity risk and CEO compensation: Evidence from illegal wildlife imports	Linghua Kong, University of Sydney, Australia
4C3	Wrinkles of experience: CEO age and abnormal investment	Shahram Amini, University of Denver, USA
4D1	Understanding the valuation gap between state-owned and non-state-owned enterprises	Peng Zhu, Nanjing University, China
4D2	The bright side of patron-client network: Evidence from corporate innovation	Jinjun Ke, University of Technology Sydney, Australia
4D3	Cross-border regulatory cooperation and firm cross-listing decisions	Bin Yang, Jinan University, China
4E1	Benchmarking benchmarks	Marta Khomyn, University of Adelaide, Australia
4E2	Risk premiums in the U.S. treasury futures	Rui Liu, Duquesne University, USA
4E3	Index investing and asset fire sales	Ye Qian, Temple University, USA
4F1	Market power and money market funds risk-taking	Yue Cai, Gakushuin University, Japan
4F2	Do creation and redemption rights really matter for ETF market maker?	Zhen Wang, University of Sydney, Australia
4F3	Hedge fund activism and debt maturity structure	Harminder Singh, Deakin University, Australia
4G1	Navigating competitor networks: The influence of geographic density on corporate governance	Joakim Westerholm, University of Sydney, Australia
4G2	Wage restrictions on talent and debt contracting: Evidence from state-level pay transparency laws	Wenbin Hu, University of Queensland, Australia
4G3	Staying with your rivals: Geographic proximity effects on the U.S. Market	Henry Leung, University of Sydney, Australia
5A1	The joint determination of haircuts and interest rates for collateralized loans in shadow banking	Jinji Hao, Victoria University of Wellington, New Zealand
5A2	Risk-based capital requirement and credit union lending: A theoretical approach	Smith Djihoui  Gnepa, Sherbrooke University  , Canada
5A3	Scope and limits of bank liquidity creation	Thomas Gehrig, University of Vienna, Austria
5B1	Systemically important bank motivation for bond market choices and the impact on financial stability	Christopher Bell, University of Queensland, Australia
5B2	Do bank capital and liquidity truly shield against systemic risk: Evidence from the global banking sector	Sonali Jain, Indian Institute of Technology Delhi, India
5B3	Data breach announcement effect on bank operations and performance	Heng (Emily) Wang, Elon University, USA
5C1	CSR and exposure to systemic risk: Building resilience in non-financial firms	Priya Dhawan, Indian Institute of Technology Delhi, India
5C2	When financial innovation backfires: The effects of credit default swaps on corporate environmental & social irresponsibility	Rui Zhong, University of Western Australia, Australia
5C3	Stringency of environmental policies and cash management: International evidence	Svetlana V. Orlova, University of Tulsa, USA
5D1	Commitment is an act: How does management forecast affect corporate selective hedging?	Taoran Guo, Monash University, Australia
5D2	Unintended consequences of corporate opportunity waivers on corporate tax saving and community wealth	Yi-Da Tsai, University at Buffalo, SUNY, USA
5D3	Go with the flow: Debt structure changes and real implications	Chuck Fang, Drexel University, USA
5E1	Where does gamma hedge drive the intraday market move?	Taeyoung Park, University of Texas at Dallas, USA
5E2	Estimating the intertemporal risk-return relation using option-implied expected returns	Guanglian Hu, University of Sydney, Australia
5E3	Trust and lottery-related anomalies	Ya Gao, University of South Australia, Australia
5F1	Growth of income funds and death of volatility	Umit Kurucak, University of Texas at Dallas, USA
5F2	The geography of fund management company’s shareholders: Local preference in investment portfolios	Jia Mao, Zhejiang University, China
5F3	How do mutual funds respond to salient pollution events?	Han Zhou, Monash University, Australia
5G1	How resilient are PE/VC returns to real shocks?	Michelle Xuan Mi, University of Queensland, Australia
5G2	Data breaches, debt costs, and public service provision: Evidence from U.S. municipalities	Tianchen (Hugo) Zhao, University of Maryland, USA
5G3	Their pain is your gain: Market competition and foreign currency exposure	Yancheng Qiu, University of Sydney, Australia
6A1	Deposit insurance: Believers and doubters	Utpal Bhattacharya, Hong Kong University of Science and Technology, Hong Kong
6A2	Financial misconduct and depositor discipline	Thomas Matthys, University of Technology Sydney, Australia
6A3	Changes in liquidity regulation and bank credit growth	Amine Tarazi, University of Limoges, France
6B1	How do nonbank mortgage lenders shape bank small business lending?	Xiyue Li, Chinese University of Hong Kong, Shenzhen, China
6B2	Reverse mortgages, housing, and consumption: An equilibrium approach	Shize Li, Hong Kong University of Science and Technology, Hong Kong
6B3	Regulating mortgage credit based on data quality: Evidence from automated underwriting	Sakif Rahman, University of Rochester, USA
6C1	The effect of CEO climate impact awareness on corporate carbon emissions	Yuyang Zhang, University of Melbourne, Australia
6C2	Leveraging climate change: Estimating the effect of capital structure on shareholder value using the paris agreement	Young Sang Kim, Taejae University, Korea
6C3	Do firms benefit from carbon risk management? Evidence from the credit default swaps market	Madhu Kalimipalli, Wilfrid Laurier University, Canada
6D1	Do foreign creditors increase bank liquidity? Evidence at bank and loan level	Indra Tumbelaka, Monash University, Australia
6D2	Gun violence and corporate default risk	Hui Sun, University of Western Australia, Australia
6D3	Corporate lobbying of bureaucrats	Ekaterina Volkova, University of Melbourne, Australia
6E1	ETF and stock price fragility	Shunji Mei, University of Adelaide, Australia
6E2	Intangibles, productivity, and stock prices	Baek-Chun Kim, Nactional Chengchi Univesity, Taiwan
6E3	Asset pricing with affect investing, gambling, and overconfidence: Theory and evidence	Jiang Luo, Nanyang Technological University, Singapore
6F1	Does learning from academia help? Anomaly exploitation and mutual funds performance	Xiyuan Ma, Singapore Management University, Singapore
6F2	Salience in mutual funds	Wenting Dai, Nankai University, China
6F3	Mutual fund disagreement and firm value: Passive vs. active voice	Iris Wang, McMaster University, Canada
6G1	Network sparsity and its impact	Yongshi Jie, City University of Hong Kong, Hong Kong
6G2	Man vs. machine: the influence of AI forecasts on investor beliefs	Gertjan Verdickt, University of Auckland, New Zealand
6G3	Liquidity and price impact at the 52 week high	Andrew Grant, University of Sydney, Australia
7A1	As dry as a bone: How do banks cope with droughts?	Oskar Kowalewski, IESEG School of Management, France
7A2	Alerting banks to climate risks: Impact of bad air quality shocks on pricing loans for brown firms	Yun-Soo Kim, Korea Advanced Institute of Science and Technology, Korea
7A3	Financed emissions	William Waller, Tulane University, USA
7B1	Do “measures” of bank diversification measure up?	Darius Palia, Rutgers University, USA
7B2	Mind the cost of disturbance: Firm-level supply chain risk and the bank loan cost	Daxuan Cheng, Macquarie University, Australia
7B3	Cross-border bank flows, regional household credit booms and bank risk-taking	Daniel Marcel  te Kaat, University of Groningen, Netherlands
7C1	Does policy uncertainty have a bright side in carbon markets?	Andre Poyser, University of Otago, New Zealand
7C2	Polluted IPOs	Wei Wang, Queen’s University, Canada
7C3	Integrating carbon footprint into credit risk models: A case study from the 2022 European energy crisis	David Tripe, Massey University, New Zealand
7D1	Restricting top executive pay and corporate mergers and acquisitions	Luyao Pan, South China Normal University, China
7D2	Diversity and labor restructuring: Evidence from mergers and acquisitions	Rui Dai, University of Pennsylvania, USA
7D3	Does mandatory bid rule discourage acquisitions above the threshold?	Woochan Kim, Korea University Business School, Korea
7E1	Forecasting realized betas using predictors indicating structural breaks and asymmetric risk effects	Jiawen Luo, South China University of Technology, China
7E2	Idiosyncratic volatility: Reversals and trend, evidence from India	Nihar Singh, Indian Institute of Technology Delhi, India
7E3	From mean-variance analysis to mental accounting and back: Bridging contributions of Markowitz to portfolio selection	Alexandre M. Baptista, George Washington University, USA
7F1	Housing speculation and entrepreneurship	Yichu Wang, University of Nottingham Ningbo, China
7F2	Navigating stormier seas? Liquidity resilience across asset classes and time	Nihad Aliyev, University of Technology Sydney, Australia
7F3	Private information acquisition by underwriters	Kazuo Yamada, Kyoto University, Japan
7G1	Superannuation financial stability risks	Scott Williams, Reserve Bank of Australia, Australia
7G2	A financial stability assessment framework	Graham White, Reserve Bank of Australia, Australia
7G3	Mortgage arrears, defaults and risk characteristics: Evidence from Australian micro data	Patrick Elkington, Reserve Bank of Australia, Australia
8A1	The real effects of bank’s green bonds	Tingjun Liu, Macquarie University, Australia
8A2	Borrowers’ social performance and bank lending decisions: Evidence from financial contracts	Tayyaba Rasheed, University of Wollongong, Australia
8A3	Greenhouse gases, banking stability, and financial development: Could global economy achieve climate resilience?	Hai Hong Trinh, Massey University, New Zealand
8B1	Bonds of love: Patriotism and the rise of modern banks	Yuchen Xu, University of New South Wales, Australia
8B2	Do political directors and gender diversity in Chinese banks affect corporate social responsibility?	Ning Ding, University of Auckland, New Zealand
8B3	Does the quality of democracy in countries influence the profitability of their credit institutions? An empirical analysis of selected jurisdictions	Mara Pilarski, Hochschule der Deutschen Bundesbank, Germany
8C1	Why firms provide seemingly irrational noncash shareholder perks?	Taeko Yasutake, Soka University, Japan
8C2	How do firms respond to reduced private equity buyout activity?	Yi-Hsin Lo, Singapore Management University, Singapore
8C3	Transient institutional ownership, costly external finance, and corporate cash holdings	Hyun Joong Im, University of Seoul, Korea
8D1	Unlocking the value of mergers and acquisitions in minimizing employment risks	Ruichen Ma, University of Wollongong, Australia
8D2	Transportation convenience and the value of acquisition targets: evidence from network analysis of Chinese M&As	Konari Uchida, Waseda University, Japan
8D3	Globalization and insider trading: Evidence from cross-border mergers and acquisitions	Sherry Xueting Zhang, University of New South Wales, Australia
8E1	Style switching and asset pricing	Huaixin Wang, Tsinghua University, China
8E2	Disclosure complexity, quality investing and equity returns	Prasad Hegde, Auckland University of Technology, New Zealand
8E3	The impact of investment gains on gambling consumption	Sung Kwan Lee, Chinese University of Hong Kong, Shenzhen, China
8F1	The economics of sustainability-linked bonds	Tony Berrada, University of Geneva, Switzerland
8F2	Corporate social responsibility and bond volatility	Trevor Chamberlain, McMaster University, Canada
8F3	Bond investors’ trading horizon and the cost of debt	Li Ting, Tina Chiu, Bentley University, USA
8G1	Climate change and households’ risk-taking	Chanik Jo, Chinese University of Hong Kong, Hong Kong
8G2	The effect of “black swan” events on stock markets liquidity and CDS markets	Zixiu Zhao, University of Sydney, Australia
8G3	Do connections to the U.S. president enable regulatory capture? Evidence from antitrust merger reviews	Claire Liu, University of Sydney, Australia