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HomeAnnual ConferenceAgenda announced for the Inaugural Alliance Conference at Maastricht University

Agenda announced for the Inaugural Alliance Conference at Maastricht University

The agenda for the inaugural conference titled “Managing and Financing Responsible Businesses” taking place at Maastricht University from 5th – 7th September 2018 can be downloaded here. We are also glad to announce that PhD students are eligible for fee waivers. If you are a PhD student who has already registered and paid, please send an email to to get a refund.

Programme overview:


Location: School of Business and Economics, Tongersestraat 53, Maastricht


08:30 – 17:00 (Room A1.22)

A selection of PhDs will be invited to present their papers or projects. Professor Edmans and Professor Bansal will also give a lecture in the PhD program. Samuel Hartzmark (The University of Chicago Booth School of Business), Sébastien Pouget (Toulouse School of Economics) and Paul Smeets (Maastricht University) will provide feedback on the research of workshop participants.


17:00 – 18:00 (Lounge Ad Fundum)

Conference welcome reception

18:00 – 19:00 (Auditorium)

Keynote speaker: Alex Edmans (London Business School) Title: The Business Case for Responsible Business

19:30 – 22:30 (Château Neercanne)

Conference dinner


Location: Bonbonnière, Achter de Comedie 1, Maastricht

08:00 – 08.30 (Theaterzaal/Theatre Room)

Arrival and welcome

08.30 – 17:00 (Theaterzaal/Theatre Room)

Paper presentations and keynote speech, incl. lunch

Academics from around the world present their latest research in parallel sessions. The detailed schedule for paper presentations is available below.

12.00 – 13.00 (Theaterzaal/Theatre Room)

Keynote speaker: Tima Bansal (Ivey Business School) Title: The costs of corporate short-termism

17.00 – 17.30 (Theaterzaal/Theatre Room)

Closing Ceremony & Paper Awards

18:30 – 01:00 (Grand café Maastricht Soiron, Vrijthof 18, Maastricht)

Conference dinner and GRASFI inaugural party



Location: School of Business and Economics, Tongersestraat 53, Maastricht

08:30 – 13:00 (Room A1.22)

GRASFI Member University meeting (only for GRASFI members). Participants will discuss future plans for the Alliance.

13:00 – 14:00 (Kruithuis)




8.30 – 10.00 Parallel Sessions A: Paper presentations

Session A1 – Room: Spiegelzaal (Mirror room)

“Corporate Green Bonds” Caroline Flammer (Boston University)

“Stock Price Rewards to Corporate Responsibility on Climate Change: Evidence from the Trump Election” Stefano Ramelli (University of Zurich & Oikos), Alexander F. Wagner (University of Zurich) , Richard J. Zeckhauser (Harvard University), and Alexandre Ziegler (University of Zurich)

“Socially Responsible Corporate Customers” Rui Dai (The Wharton School of the University of Pennsylvania), Hao Liang (Singapore Management University), and Lilian Ng (York University)

Session A2 – Room: Theaterzaal (Theatre room)

“Impact Investing” Brad Barber (UC Davis), Adair Morse (UC Berkeley) and Ayako Yasuda (UC Davis)

“Contracts with Benefits: The Implementation of Impact Investing” Christopher Geczy (Wharton School of the University of Pennsylvania), Jessica S. Jeffers (University of Chicago), David K. Musto (Wharton School of the University of Pennsylvania) and Anne M. Tucker (Georgia State University)

“Oscillating Between Logics: A Process View On Responding To Institutional Complexity in Impact Investment” Jarod Ormiston (Maastricht University)

10.00 – 10.30 Break

10.30 – 12.00 Parallel Sessions B: Paper presentations

Parallel Session B1 – Room: Theaterzaal (Theatre room)

“Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows” Samuel M. Hartzmark & Abigail B. Sussman (University of Chicago)

“Social Sentiment and Predictable Returns” Yao Chen (University of Cardiff), Alok Kumar (University of Miami) and Chendi Zhang (University of Warwick)

Parallel Session B2 – Room: Witte Zaal (White Room)

“Corporate Sustainability Disclosures in American Case Law: Purposeful or Mere Puffery?” Caitlin M. Ajax and Diane Strauss (Yale University)

“Blockchain Technology for Corporate Governance and Shareholder Activism” Anne Lafarre (Tilburg University) and Christoph Van der Elst (Tilburg University & Ghent University)

“Directors’ Duties Laws and Long-Term Firm Value”, Martijn Cremers (University of Notre Dame), Scott B. Guernsey (University of Oklahoma) and Simone M. Sepe (University of Arizona & Toulouse School of Economics)

12.00 – 13.00 Keynote Speech: “The costs of corporate short-termism”

Tima Bansal (Ivey School of Business) – Room: Theaterzaal (Theatre Room)

13.00 – 14.00 Lunch – Room: Spiegelzaal (Mirror Room)

14.00 – 15.30 Parallel Sessions C: Paper presentations

Parallel Session C1 – Room: Theaterzaal (Theatre room)

“Why and When Do Companies Respond to Back Stage Negotiations with Stakeholders? Insights from Shareholder Engagement on Environmental, Social & Governance Issues” Jean-Pascal Gond (City University London), Rieneke Slager (University of Groningen), Emilio Marti (Erasmus University Rotterdam)


“Shareholder Engagement on Environmental, Social, and Governance Performance” Tamas Barko (University of Mannheim), Martijn Cremers (University of Notre Dame), and Luc Renneboog (Tilburg University)

“Coordinated Engagements” Elroy Dimson, Oğuzhan Karakaş (University of Cambridge) and Xi Li (University of Cambridge & London School of Economics and Political Science)

Parallel Session C2 – Room: Witte Zaal (White Room)

“Exporting Pollution” Itzhak Ben-David (Ohio State University), Stefanie Kleimeier (Maastricht University & Open University of the Netherlands & University of Stellenbosch Business School) and Michael Viehs (University of Oxford & Hermes Investment management)

“Global Supply-Chain Networks and Corporate Social Responsibility” Christoph M. Schiller (University of Toronto

15.30 – 16.00 Break


16.00 – 17.00 Parallel Sessions D: Paper presentations

Parallel Session D1 – Room: Spiegelzaal (Mirror Room)

“Do multiple bank relations push poor borrowers into indebtedness?” Jann Goedecke (University of Agder & KU Leuven), Francisco Bachler (University of Agder & Banco D-MIRO), Roy Mersland (University of Agder) and Bert D’Espallier (KU Leuven)

“On the Economics of Health in Homes” Erdal Aydin (Sabanci University), Piet Eichholtz, Nils Kok and Juan Palacios (Maastricht University)


Parallel Session D2 – Room: Theaterzaal (Theatre Room)

“The Sustainability Footprint of Institutional Investors” Rajna Gibson Brandon and Philipp Krüger (University of Geneva)

“Exploring Social Origins in the Construction of ESG Measures”, Robert Eccles and Judith Stroehle (University of Oxford)

Parallel Session D3 – Room: Witte Zaal (White Room)

“Ex-ante Commitments to “Give if you Win” Exceed Donations After a Win?”, Christian Kellner (University of Southampton), David Reinstein (University of Exeter) and Gerhard Riener (Heinrich Heine University Düsseldorf)

“How to Overcome Consumers’ Aversion to Overhead in Charity Settings”, Marijke Leliveld and Jan Willem Bolderdijk (University of Groningen)

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