Test Site Test Site Sydney Banking and Financial Stability Conference

SBFC2025 Program

 

Program booklet HERE

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
No		 Title Presenter
1A1 Credible commitment and the cost of venture debt Giang Nguyen, Macquarie Business School, Australia
1A2 Stock market spillovers via bank-financing linkage Bo Sang, University of Bristol, UK
1A3 If this doesn’t stop you, the next crisis might: Assessing banks’ (un)willingness to learn from financial crises Dennis Dreusch, Otto-von-Guericke University Magdeburg, Germany
1B1 Information frictions inside a bank: Evidence from borrower switching between branches Shusen Qi, Xiamen University, China
1B2 Leveraging technology expertise in venture capital screening: Evidence from start-up competitions Su Wang, ShanghaiTech University, China
1B3 Pay transparency and risk appetite: Evidence from mortgage lending decisions Mengdi Zhang, Hong Kong Polytechnic University, Hong Kong SAR
1C1 How fintech innovations and financial inclusion can impact loan business cycle Ilinka Antova, Sofia University, Bulgaria
1C2 Prior lending relationships and the effectiveness of commitments in sustainability-linked loans Amine Tarazi, Université de Limoges, France and Institut Universitaire de France (IUF), France
1C3 Investor composition and loan default dynamics in fintech: The role of borrower risk and loan characteristics during crisis periods Stephen Fan, University of Sydney, Australia
1D1 Do expressions of national sentiments secure firms’ government procurements? Donghui Li, Shenzhen university (China), China
1D2 Political spending disclosure and corporate payouts Swadip Bhattacharjee, University of Wollongong, Australia
1D3 Do consumers spend their money where their votes are? Ideology distance and local sales Lei Chen, University of Melbourne, Australia
1E1 Estimating gains from trade in financial markets Robert Gaudiosi, Macquarie University, Australia
1E2 Lottery preference and factor investing Liyao Wang, Hong Kong Baptist University, Hong Kong SAR
1E3 Unrealized trading gains Chuck Fang, Drexel University, USA
1F1 The dark side of ESG information: Evidence from corporate investment Jieying Hong, Beihang University, China
1F2 Strategic timing as a signal? Market reactions to voluntary ESG disclosure Yuqing Duan, University of Auckland, New Zealand
1F3 Credit risk analysis for ESG-ETFS Masayasu Kanno, Nihon University, Japan
1G1 The growing index effect in the corporate bond market Sean Seunghun Shin, KAIST, Korea
1G2 Central clearing and cross-market price discovery in the credit markets Seongjin Kim, State University of New York at Plattsburgh, USA
1G3 Key talents in asset valuation: Measurement through procurement competition Di Tian, Hong Kong University of Science and Technology, Hong Kong SAR
2A1 Does finance promote new firm creation and growth? Evidence from regional data in Japan Yuji Honjo, Chuo University, Japan
2A2 Learning about other depositors through earnings calls Sunjin Park, Hongik University, Korea
2A3 Deposit rate in dual banking market: The impact of bank reputation and switching costs Diyan Lestari, University of Wollongong, Australia
2B1 How do banks respond to their auditors' misconduct? Evidence from the 2017 KPMG-PCAOB audit inspection scandal Chunbing Cai, National University of Singapore, Singapore
2B2 Digitized invoices and credit availability: Hard information effects in small business lending Yunyue Chen, Ghent University and NYU, Belgium
2B3 Banking with nonbank funding: the role of CLOS in bank risk management Santiago Barraza, ESCP Business School, Italy
2C1 Does digital finance affect firms’ accounting policy? Evidence from china Erik Wang, Lingnan University, Hong Kong SAR
2C2 AI's double-edged sword: investment, data, and the risk of default Yajun Xiao, Xi'an Jiaotong-Liverpool University, China
2C3 AI adoption, knowledge capital, and the rise of superstar firms Varsha Madheshiya, University of Technology Sydney, Australia
2D1 Shareholder activism: affliction for incumbent CEOs? Jiaqi Zhao, University of Warwick, UK
2D2 The wages of austerity: Executive pay caps and the quiet life Sophie Wang, University of Canterbury, New Zealand
2D3 Innovation failure and CEO compensation Omar Zidan, University of Ottawa, Canada
2E1 Price delay specific to firm-specific information and anomalies Raj Parajuli, Monash University, Australia
2E2 Mimicking pre-pead: the predictive power of mispricing scores Tiancheng Lan, Curtin University, Australia
2E3 Historical low and long-term return reversals Bai-Sian Chen, Chang Gung University, Taiwan
2F1 To disclose, or not to disclose: Evaluating the effectiveness of mandatory climate-related disclosure Sebastian Gehricke, University of Otago, New Zealand
2F2 Canaries in the coal mine: Firm response to biodiversity policy risk Ricardo Pena, University of Texas at Austin, USA
2F3 Biodiversity protection policy and housing markets: Supply, demand, and speculation Maxwell Sacher, University of Texas at Austin, USA
2G1 Revisiting the relationship between unemployment and mortgage arrears rates in Australia Haidari Yad, Reserve Bank of Australia, Australia
2G2 Central bank balance sheet size, net interest income, and policy rate amplification Kachovec Joseph, Reserve Bank of Australia, Australia
2G3 Firms resilience scenarios: earnings growth over the business cycle Galluzzi Alessio, Reserve Bank of Australia, Australia
3A1 Geopolitics meets monetary policy: Decoding their impact on cross-border bank lending Előd Takáts, Bank for International Settlements, Switzerland
3A2 The impact of banks' interest rate risk on monetary policy transmission Ozlem Dursun de Neef, Monash University, Australia
3A3 A geopolitical shock to bank assets and monetary policy transmission Bjorn Imbierowicz, Deutsche Bundesbank, Germany
3B1 Impact of increased regulatory focus on CEO pay and bank risk Hengguo Da, SWUFE, China
3B2 Resolving discrepancies in EU bank capital instruments: Distributions, contractual triggers, ranking Urs Lendermann, Deutsche Bundesbank University of Applied Sciences, Germany
3B3 The unintended consequences of the TCJA on bank transparency Yanju Liu, Hong Kong Baptist University, Hong Kong SAR
3C1 The truth of silence:  Bad signal of no analyst report Jiahao Shi, Tsinghua University, China
3C2 Data privacy risk Daxuan Cheng, Macquarie University, Australia
3C3 Yesterday's enemy is today's friend: Innovation externalities, follow-on innovation, and insider sales Baek-Chun Kim, National Chengchi University, Taiwan
3D1 Monitoring, agency costs, and seasoned equity offerings Nadia Massoud, Melbourne Business School, University of Melbourne, Australia
3D2 Private debt financing and product market expansion Davide Sinno, Monash Business School, Australia
3D3 Contagion effects of equity financing announcements within business groups Varun Jindal, Indian Institute of Management Bangalore, India
3E1 When the watchdog speaks: which SEC press releases truly move stock prices? Xiaorui Zhang, The University of Western Australia, Australia
3E2 What do $40 trillion of portfolio holdings say about monetary policy transmission? Kairong Xiao, Columbia Business School, USA
3E3 Leveraging large language models for equity valuation: Uncovering alpha and factor drivers Yih-Wen Shyu, Chang Gung University, Taiwan
3F1 The role of government contracting in corporate environmental policies Wendi Huang, University of Manchester, UK
3F2 Climate change exposure: Does CSR committee quality matter? Md Humayun Kabir, University of Otago, New Zealand
3F3 Phantom of the supply chain: Unintended blocks on the road to green Ziran Zuo, Nankai University, China
3G1 Accountable developers, accessible homes: Regulatory pathways to expanding home ownership Xiaoyu Zhang, Central University of Finance and Economics, China
3G2 Overstaying their welcome: COVID-19, unevictable tenants, rents, and home prices Artem Joukov, Wenzhou-Kean University, USA
3G3 Expansion of informal finance and household behavior Jianfei Zhu, University of Hong Kong, Hong Kong SAR
4A1 The geopolitics of global infrastructure finance: How political alignment shapes cross- border lending and contractual governance Lulu Pan, Hong Kong Polytechnic University, Hong Kong SAR
4A2 Global air connectivity and syndicated loan structuring Yan Li, University of Hong Kong, China
4A3 Global banking networks and loan pricing Ayoung Park, Financial Supervisory Service, Korea
4B1 The long and short of U.S. bank regulations: From the great depression to the 2023 bank failures Sami Mahmood, National University of Singapore, Singapore
4B2 Deposit insurance and discretion in loan loss provisioning Rong Yang , Rochester Institute of Technology, USA
4B3 Economic opportunity costs: Banking access and educational (dis)investment Yuqi Chang, National University of Singapore, Singapore
4C1 Making better workplaces? The impact of digital finance on corporate employee treatment Junshi Chen, Massey University, New Zealand
4C2 Clean politics, lean cash: Party newspaper-based anti-corruption effort and corporate cash management Lexuan Chen, University of Auckland, New Zealand
4C3 Does restricting incumbent management in bankruptcy resolution affect efficiency Nithin Mannil, London School of Economics and Political Science, UK
4D1 Disclosure and acquirer announcement returns Jia Feng, Monash University, Australia
4D2 Passive ownership and M&A decisions Mareeswaran M, Queens University Belfast, India
4D3 CEO power and dispersion of acquirer returns Ning Gong, Deakin University, Australia
4E1 Divide and diversify: Redesigning portfolio foundations via structured basis and covariance geometry Peng Zhou, Kings College London, UK
4E2 How do ETFs make firms larger? Yunqi Zhang, Nankai University, China
4E3 Direct and indirect stockholdings Gosia Ryduchowska, BI Norwegian Business School, Norway
4F1 SOE premium in China’s green bond market Juan Tao, Xi'an Jiaotong-Liverpool University, China
4F2 Managing reputational risk arising from clients: How media scrutiny drives the inclusion of environmental covenants along bank's lending networks Ying Mao, Lingnan University, Hong Kong SAR
4F3 Climate transition risks in Chile's banking industry: A loan-level stress test Francisco Pinto, Central Bank of Chile, Chile
4G1 Are  "arbitrageurs"  less biased in practice? Evidence from the cryptocurrency market Yanlin Bao, Singapore Management University, Singapore
4G2 The market for block space: A microstructure lens on decentralized payment networks Luca Galati, Ludwig Maximilian University of Munich, Germany
4G3 Decompose market manipulation strategies: Evidence from on-chain meme coin market Wenzhi Ding, Hong Kong Polytechnic University, Hong Kong SAR
5A1 When the heat is local: Inflation, investor demand, and shadow banking Mingmei Liu, Jinan University, China
5A2 Revenge of the S&Ls: How banks lost a half trillion dollars during 2022 Rebel Cole, Florida Atlantic University, USA
5A3 When silicon valley meets wall street: A theory of financial overengineering Jun Aoyagi, Hong Kong University of Science and Technology, Hong Kong SAR
5B1 Investigating the effects of firm-level waste management on bank lending decisions: Evidence from the US syndicated loan market Searat Ali, University of Wollongong, Australia
5B2 A win-win loan contract in profit uncertainty John Chu, Monash University, Australia
5B3 Business inflation exposure and bank lending Andrei Zlate, Federal Reserve Board, USA
5C1 The geographic spillover of director knowledge: Evidence from environmental and social incidents Tat-Kei Lai, IESEG School of Management, France
5C2 Indebted to nature: Corporate biodiversity endowment and bond market reactions Yizheng Li, University of Auckland, New Zealand
5C3 Social media reactions to product announcements and competitive response Yuanfang Chu, Chinese University of Hong Kong, Hong Kong SAR
5D1 The echoes of muted political speech in financial speech Janghoon Shon, University of New South Wales, Australia
5D2 Power, scrutiny, and congressmen's favoritism for friends' firms Quoc-Anh Do, Monash University, Australia
5D3 The value of a politically connected board member: Evidence from determinants and influence of revolving door lobbyist hires Shuliu Hu, University of Nebraska-Lincoln, USA
5E1 Look who's watching: Repeated investor attention and stock price dynamics Liyun Chen, University of New South Wales, Australia
5E2 Microstructure of automated market maker: Optimal liquidation and speculative arbitrage Jun Liu, University of Tasmania, Australia
5E3 Arbitrage effectiveness and stablecoin run Ravi Joshi, Louisiana State University, USA
5F1 The economics of decarbonization commitments Quentin Moreau, The Hong Kong University of Science and Technology, Hong Kong SAR
5F2 Financing decarbonization - The role of indonesian banks in the transition to a carbon-neutral economy Hygea Marwany, Vrije Universiteit Amsterdam, Indonesia
5F3 From disaster to debt:  Exploring the link between natural disasters and syndicated loans Robert Durand, Curtin University, Australia
6A1 How bank transparency affects banks in financial crises Yehning Chen, National Taiwan University, Taiwan
6A2 Banking on culture: Customer culture and U.S. bank performance Leonid Pugachev, University of Missouri - St. Louis, USA
6A3 Loan loss reserve coverage, unwrapped: Enhancing bank risk assessment and market discipline Vladimir Kotomin, Illinois State University, USA
6B1 AI meets banks: The key to reducing risk Junru (Alex) Zhang, University of Western Australia, Australia
6B2 Covenant AI - New insights into covenant violations Sascha Steffen, Frankfurt School of Finance & Management, Germany
6B3 Global banking stability, financial development, and growth: Broad-based evidence from fintech credit flows Hai Hong Trinh, VinUniversity, Vietnam, Vietnam
6C1 The cultural origin of gender gaps in pay and mobility: Evidence from canada Kieu-Trang Nguyen, University of Melbourne and Northwestern University, Australia
6C2 A unified approach to spillovers: Evidence from media tone Ivan Indriawan, University of Adelaide, Australia
6C3 Corporate innovation, macroeconomic risk, and stock returns Adelphe Ekponon, University of Ottawa -Telfer School of Management, Canada
6D1 Government subsidies and analyst directional inconsistency Venura Welagedara, Deakin University, Australia
6D2 Government influence on corporate blockchain disclosures Xiaoyang Li, The Hong Kong Polytechnic University, Hong Kong SAR
6D3 Beyond patent ownership: learning about technological usefulness Rory Mullen, University of Warwick, UK
6E1 Knowledge spillover, market efficiency, and innovation disclosure: Role of the  insider trading Yunju Cha, National Chengchi University, Taiwan
6E2 Viral but vanishing: Investment advisors, social media, and regulation Peter Bossaerts, University of Cambridge, UK
6E3 Pass-through mutual funds, flow of funds, and low-risk anomaly Seokwoo Lee, University of Maryland, USA
6F1 The cross-border effect of monetary policy on house price expectations Minli Yu, University of Groningen, Netherlands
6F2 The real estate channel of unconventional monetary policy Iichiro Uesugi, Hitotsubashi University, Japan
6F3 Granular level spillover effect and indian dominant firms: What does the data reveal? Piyali Dutta, Indian Institute of Technology Kanpur, India
7A1 Do brokered deposits change a bank's risk profile? Karan Bhanot, UT-San Antonio, USA
7A2 Government bank lending and corporate investment during a crisis: Evidence from Japan Takeshi Yamada, Australian National University, Australia
7A3 Correlated investment exposure of commercial banks: The case of CMBS Rebel Cole, Florida Atlantic University, USA
7B1 Bank's regulatory risk tolerance Mikael Juselius, Bank for International Settlements, Hong Kong SAR
7B2 Subordinates in charge: Does delegation improve banking supervision Di Gong, University of International Business and Economics, China
7B3 Bank tax and deposit competition: evidence from US state taxes Guangqian Pan, University of Sydney, Australia
7C1 Cyberattacks and operational transitions:  Talk the talk or walk the walk? Nhan Huynh, Griffith University, Australia
7C2 Protecting workers, transforming work: The impact of paid sick leave mandates on IT investment Jin Huang, Xi'an Jiaotong-Liverpool University, China
7C3 Climate risk awareness and corporate green decisions Md Akhtaruzzaman, Australian Catholic University, Australia
7D1 Complementarities in information acquisition: Evidence from mandatory portfolio disclosures Raja Reddy Bujunoori, Indian School of Business, India
7D2 How to properly compute credit default swap returns Le Kang, Northwest University, China
7D3 Decomposing partisan optimism: Ideological alignment or blind party loyalty? Deniz Okat, University of Technology Sydney, Hong Kong SAR
7E1 Retail investor attention and mutual fund performance: Evidence from edgar log files Hao Ding, University of Oxford, UK
7E2 Do institutional investors trade on covenant violations? Paulina Verhoff, Frankfurt School of Finance & Management, Germany
7E3 Outcomes, risk taking and incentives: Evidence from asset managers Francisco Santos, Norwegian School of Economics, Norway
7F1 Vulnerability and contagion in the US equity mutual funds Huyen Nguyen, University of Le Mans, France
7F2 Information spillovers, funding liquidity, and financial stability Levent Altinoglu, Federal Reserve Board, USA
7F3 Information acquisition and the finance-uncertainty trap Ding Dong, Hong Kong Baptist University, Hong Kong SAR
8A1 Going the distance: Banking (on) relationships, applicant demographics, and credit access Leonid Pugachev, University of Missouri - St. Louis, USA
8A2 Bank CEOs' financial distress experience and risk inertia in risk-taking Hedda Cui, University of Sydney, Australia
8A3 Strategic bank consolidations: Intangible capital channel David Hong, University of Edinburgh, UK
8B1 Macroprudential stress testing for climate change shocks: A case study of the indonesian banking system Aditya Taruna, Australian National University, Australia
8B2 Talk and the city: How far to trust bankers (not) calling for bailout? Thomas Gehrig, University of Vienna, Austria
8B3 Banks' liquidity demands under unconventional monetary policies in Japan Takeshi Osada, Saitama University, Japan
8C1 Profit shifting from services and manufacturing: Double tax treaties and general anti-avoidance rule Anna Białek-Jaworska, University of Warsaw, Poland
8C2 Penalties for corporate misconduct and tax avoidance Pappu Dey, University of Newcastle, Australia
8C3 Geopolitical risk in global supply chain: Evidence from Russo-Ukrainian war  Gu Yinglin, University of Sydney, Australia
8D1 Nonlinear mispricing and predictability in event contingent claims: Evidence from sports betting markets Dulani Jayasuriya, University of Auckland, New Zealand
8D2 The prospective book-to-market ratio and expected stock returns Mike Dong, UC Riverside, USA
8D3 Equity trading activity around the world Xiyuan Ma, Singapore Management University, Singapore
8E1 Cryptocurrency contagion: A filtered comparison and post pandemic events analyses Rangga Handika, Tokyo International University, Japan
8E2 Fintech exposure, financial skills, and non-users: Evidence from millions of supermarket transactions Leo Bao, Monash University, Australia
8E3 Biased AI-feed exacerbates disposition effect  - Evidence from ETF market of china Yue Ding, Business School of Macquarie University, Australia
8F1 Interconnectedness and systemic risk in financial networks: evidence from india Harshit Kumar Sharma, Indian Institute of Technology Kanpur, India
8F2 Non-bank financial intermediation and transmission of systemic risk Yanru Lee, The Hoover Institution, Stanford University, USA
8F3 Dynamics of monetary policy regimes in china under global uncertainty: A time-varying approach Eunyoung Oh, Kookmin University, Korea