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HomeEvent7th Annual GRASFI Conference at Singapore Management University

7th Annual GRASFI Conference at Singapore Management University

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2-4 September 2024

2-4 September 2024: The Annual Conference

Meet Our Sponsors

Discover the Conference Schedule

8:00 – 13:25

08:00 – 08:15 Registration
Foyer at Level 5

08:15 – 09:30 Keynote address:  Sumit Agarwal (National University of Singapore)
Seminar Room 4-2 (Level 4)

9:30 – 10:00 Coffee Break

10:00 – 12:30 Research Presentations
Seminar Room 4-2 (Level 4)

  • Zhimin Chen (Swiss Finance Institute): “Real Effects of Carbon Financialization”
  • Nikolaus Hastreiter (London School of Economics): “Can Investor Coalitions Regulate Corporate Climate Action?”
  • Philip Fliegel (Humboldt University Berlin): “How you measure transition risk matters: Comparing and evaluating climate transition risk metrics”

12:30 – 13:25 Light Lunch & Networking Exercise
Foyer on Level 5

Location: Mochtar Riady Auditorium
Moderator: Hao Liang (Singapore Management University)

Papers Presented:

12:30-13:30
Location: Mochtar Riady Auditorium Foyer (Level 5), SMU Administration Building, 81 Victoria Street, Singapore

Papers Presented:

13:30-13:45

13:25 All delegates to be seated

13:30 Heidi Raubenheimer, Executive Director GRASFI

13: 35 Professor Lily Kong, President of SMU

All delegates to be seated until the dignitaries leave the auditorium at 15:30. No late entrances into the auditorium will be permitted during this portion of the conference in order to observe the necessary protocol.

Location: Mochtar Riady Auditorium (Level 5)

Papers Presented:

13:45-14:00

Mr Heng Swee Keat, Deputy Prime Minister of Singapore

All delegates to be seated until the Deputy Prime Minister leaves the auditorium after the first plenary at 15:30. No late entrances into the auditorium will be permitted during this portion of the conference in order to observe the necessary protocol.

Location: Mochtar Riady Auditorium (Level 5)

Papers Presented:

14:00 – 15:30

Panel:

All delegates to be seated until the Deputy Prime Minister leaves the auditorium at 15:30. No movement in or out of the auditorium will be permitted during this portion of the conference in order to observe the necessary protocol.

Location: Mochtar Riady Auditorium (Level 5)
Moderator: Hao Liang (Singapore Management University)

Papers Presented:

15:30-16:00
Location: MRA Foyer (Level 5)

Papers Presented:

16:00-17:30
  • Liu Ee Chia (Pennsylvania State University): The Value of Environmental Monitoring
  • Kathleen Kürschner Rauck (University of St. Gallen): Residential Rent Externalities of Photovoltaic Systems: The Relevance of View
  • Lara Spaans (Utrecht University): Sustainable Finance Disclosure Regulation: Voluntary Signalling or Mandatory Disclosure?
Location: Seminar Room 4-2 (Level 4)
Moderator: Geoffrey Hopwood, Head of Sustainability Development & Content (Standard Chartered Bank)

Papers Presented:

16:00-17:30
  • Jin Yu (Monash University): Intermediary Capital and Financing Sustainable Investment
  • Jerome Teiletche (World Bank): Biodiversity & Climate: Friends or Foes?
  • Luca Taschini (University of Edinburgh): Weitzman Meets Taylor: EU Allowances Futures Price Drivers and Carbon Cap Rules
Location: Seminar Room 4-1 (Level 4)
Moderator: Chen Xiang, Deputy General Manager (Bank of China)

Papers Presented:

16:00-17:30
  • Qiyang He (University of Sydney): Greenwashing: Measurement and Implications
  • Tingyu Yu (University of Zurich): Corporate Climate Lobbying
  • Peter Tankov (ENSAE): Can Investors Curb Greenwashing?
Location: Mochtar Riady Auditorium (Level 5)
Moderator: Kelvin Tan, Head of Sustainable Finance and Investments, ASEAN (HSBC)

Papers Presented:

18:30-21:00

One-way shuttle buses will be provided from SMU Admin Building pickup/drop-off point to Marina Bay Sands from 5.45 pm to 6.10 pm.

Marina Bay Sands is Singapore’s first fully offset MICE venue dedicated to sustainability and eco-friendly practices throughout its operations. The gala dinner offers an exquisite dining experience with ethically sourced ingredients.

Welcome addresses:

Location: Marina Bay Sands Convention Centre, 10 Bayfront Avenue, Level 4, Melati Junior Ballroom

Papers Presented:

08:00-08:45
Location: Mochtar Riady Auditorium Foyer (Level 5)

Papers Presented:

8:45-10:15
  • Ayako Yasuda (University of California, Davis): Decoding Sustainable Investment Strategies: Bridging Intentions and Actions
  • Kayshani Gibbon (Utrecht University): Renaming with purpose: Investor response and fund manager behaviour after fund ESG-renaming
  • Steffen Andersen (Copenhagen Business School): Rich and Responsible: Is ESG a Luxury Good?
Location: Mochtar Riady Auditorium (Level 5)
Moderator: Chris Durack, Head of Asia Pacific (Schroders)

Papers Presented:

8:45-10:15
  • Yasmine Van der Straten (University of Amsterdam): Funding the Fittest? Pricing of Climate Transition Risk in the Corporate Bond Market
  • Haoyu Gao (Renmin University of China): Pricing the Priceless: The Financial Cost of Biodiversity Conservation
  • Christian Kontz (Stanford GSB): Do ESG investors care about carbon emissions? Evidence from securitized auto loans
Location: Seminar Room 4-2 (Level 4)
Moderator: Luca Taschini (University of Edinburgh)

Papers Presented:

8:45-10:15
  • Yuxia Zou (Nanyang Technological University): Corporate Social Responsibility Committee: International Evidence
  • Yue Zhang (Sun Yat-Sen University): Institutional investors’ behind-the-scene monitoring and ESG disclosure
  • Keeyoung Rhee (Sungkyunkwan University): Financial Market Structure for ESG Integration
Location: Seminar Room 4-1 (Level 4)
Moderator: Weikai Li (Singapore Management University)

Papers Presented:

10:15-10:45

Papers Presented:

10:45 -12:15

Panel:

Location: Mochtar Riady Auditorium (Level 5)
Moderator: Nikki Kemp, Executive Director (Singapore Green Finance Center)

Papers Presented:

12:15 –13:45
Location: Mochtar Riady Auditorium Foyer (Level 5)

Papers Presented:

14:00-15:30
  • Marten Laudi (University of Bremen): Do Financial Advisors Charge Sustainable Investors a Premium?
  • Julia Eckert (University of Kassel): Do Advisors Respond to Investors’ Preferences
  • Kasper Meisner Nielsen (Copenhagen Business School): A Breath of Change: Can Personal Exposures Drive Green Preferences?
Location: Mochtar Riady Auditorium (Level 5)
Moderator: Zhu Qifei (National University of Singapore)

Papers Presented:

14:00-15:30
  • Yuxiang Jiang (Southwestern University of Finance and Economics): Are Hedge Funds Exploiting Climate Concerns?
  • Flavio De Carolis (Maastricht University/De Nederlandsche Bank): Local Ownership and Price Discovery around Extreme Weather Events
Location: Seminar Room 4-2 (Level 4)
Moderator: Raffaele Della Croce, Co-Director of Singapore Green Finance Centre and Advanced Research Fellow, Centre for Climate Finance & Investment (Imperial College Business School)

Papers Presented:

14:00-15:30
  • Sehoon Kim (University of Florida): Carbon Offsets: Decarbonization or Transition-Washing?
  • Florian Berg (MIT): On the Importance of Assurance in Carbon Accounting
  • Shawn Kim (University of California, Berkeley): Accountability of Corporate Emissions Reduction Targets
Location: Seminar Room 4-1 (Level 4)
Moderator: Peter Tankov (ENSAE)

Papers Presented:

15:30-16:00
Location: Mochtar Riady Auditorium Foyer (Level 5)

Papers Presented:

16:00-17:30

Panel:

Location: Mochtar Riady Auditorium (Level 5)
Moderator: Winston Chow Professor of Urban Climate (Singapore Management University) and Co-Chair of IPCC Working Group 2.

Papers Presented:

17:30- 18:30

Immerse yourself in the SMU Experience by embarking on an open-top bus tour of Singapore’s only city campus.
The tour is led by SMU students.

Papers Presented:

18:30- 21:00

Empress Place is a smart casual Chinese restaurant located in the iconic Asian Civilisations Museum, offering traditional cuisine and a vibrant atmosphere by the waterfront.

Location: 1 Empress Place, #01-03 Asian Civilisations Museum

Papers Presented:

08:00-08:45
Location: Mochtar Riady Auditorium Foyer (Level 5)

Papers Presented:

08:45- 10:15
  • Ye Zhang (Stockholm School of Economics): Startups’ Strategies for Green Funding Adoption
  • Denitsa Stefanova (University of Luxembourg): Is ESG a Sideshow? ESG Perceptions, Investment, and Firms’ Financing Decisions
  • Yun Lou (Singapore Management University): ESG Reporting Divergence
Location: Mochtar Riady Auditorium (Level 5)
Moderator: Elettra Agliardi (University of Bologna)

Papers Presented:

08:45- 10:15
  • Boyuan Li (University of Florida): One Hundred and Thirty Years of Corporate Responsibility
  • Daniel Engler (University of Kassel): How do individuals perceive the EU taxonomy?
Location: Seminar Room 4-2 (Level 4)
Moderator: Joris Dierckx, CEO Singapore & Regional Head of Southeast Asia (BNP Paribas)

Papers Presented:

08:45- 10:15
  • Bing Lu (Beijing Normal University): Production Leakage: Evidence from Uncoordinated Environmental Policies
  • Moritz Wiedemann (Imperial College): The CO2 Question: Technical Progress and the Climate Crisis
  • Lakshmi Naaraayanan (London Business School): Opening the Brown Box: Production Responses to Environmental Regulation
Location: Seminar Room 4-1 (Level 4)
Moderator: Michael Wilkins, Executive Director – Centre For Climate Finance And Investment (Imperial College)

Papers Presented:

10:15-10:45
Location: Mochtar Riady Auditorium Foyer (Level 5)

Papers Presented:

10:45- 12:15
  • Fangyuan Kou (University of Exeter): Climate Talk in Earnings Calls: Effects on Analyst Forecasts and Environmental Strategies
  • Tianhao Yao (Singapore Management University): ESG Incidents and Fundraising in Private Equity
  • Alice Eliet-Doillet (Swiss Finance Institute/EPFL): Involuntary Disclosures Through Climate Litigations: Impact on Investors and Corporate Policies   
Location: Mochtar Riady Auditorium (Level 5)
Moderator: Elettra Agliardi (University of Bologna)

Papers Presented:

10:45- 12:15
  • Hoa Phan (RMIT University): Does Higher Risk Require More Rewards? Firm-Level Climate Risk and Top Executives’ Compensations
  • Chang-Mo Kang (Hanyang University): Managerial Career Concerns and Corporate Environmental Policies
  • Ziyao Ma (University of Glasgow): Social Networks and Corporate Environmental Policy
Location: Seminar Room 4-1 (Level 4)
Moderator: Johan Sulaeman (National University of Singapore)

Papers Presented:

12:15- 13:45
Location: Mochtar Riady Auditorium Foyer (Level 5)

Papers Presented:

14:00- 15:30

Closing Address: Jane Ambachtsheer, Global Head of Sustainability (BNP Paribas Asset Management)

Award presentations:

  • BNP Paribas Asset Management Best Research Paper Award
  • Ho Bee Land Best Paper Award for Climate Finance
  • PhD Paper Award

Invitation to 2025 GRASFI Conference in Paris: Peter Tankov (ENSAE) on behalf of the Paris hosts (ENSAE & IP de Paris, Dauphine Universite Paris)

Conference conclusion: Ulrich Volz (Centre for Sustainable Finance at SOAS, University of London), Co-Chair of GRASFI

Location: Mochtar Riady Auditorium (Level 5)

Papers Presented:

16:00- 17:30

We encourage all faculty and students of GRASFI Member Universities to join us for our Annual General Meeting either in person at the conference or virtually via the zoom link provided. Remember that each Member University gets one vote: please make sure we know ahead of time who will be voting on your University’s behalf.

Agenda (detailed agenda to be provided closer to the time)

  1. Report from Co-Chairs of the Board
  2. Report from Conferences Committee
  3. Report from PhD Committee
  4. Report from Executive
  5. Proposed change(s) to Articles of Association – vote
  6. GRASFI Board changes: Nominations and voting
    1. Board retirements
    2. Nominees for Board
    3. New members for the Conferences Committee and PhD Committee
    4. New Subcommittee: Scientific Committee for reviewing papers for the Annual Conference
  7. Any other business

https://us06web.zoom.us/j/88000384456?pwd=5hThDLnRhbHdTNE2mtUOF8Ibuxw4md.1

Location: Singapore Management University: Seminar Room 4-1 (Level 4)

Papers Presented:

16:00 and 17:00

For those conference delegates who are not attending the GRASFI AGM, this tour was offered on a first come, first served basis. Registration is now closed due to overwhelming response. Successful registrants will receive an email with their group details soon.  If you would like to be placed on the waitlist, please email sgfc@smu.edu.sg.  Thank you.

In the heart of the arts and cultural precinct is a city campus that houses a diverse and lively collection of contemporary art from Singapore and Southeast Asia. Take a tour through the SMU Art Collection with docents detailing stories about the artists, the artworks, and the history of SMU against the backdrop of little-seen spaces within the bustling campus.

16:00 (Group 1) & 17:00 (Group 2)

Papers Presented:

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