HKU-TLV Finance Forum 2023

Conference Program

Agenda

Interludes

Day 1 – May 18, 2023

08:30-08:45 | Welcome and opening remarks

08:45-10:25 | Session 1 - Chair: Maria-Teresa Marchica, Manchester Business School

08:45-09:35

09:35-10:25

Tse-Chun Lin (The University of Hong Kong), Alex Imas, Yan Luo and Xiaohuan Wang

10:25-10:50 | Coffee Break

10:50-12:30 | Session 2 - Chair: Alberto Manconi, Bocconi University

10:50-11:40

Making sure your vote does not count: ESG activism, pseudo-green shareholders, and insincere proxy voting

Dunhong Jin (The University of Hong Kong) and Thomas Noe

11:40-12:30

Nickolay Gantchev (University of Warwick), Mariassunta Giannetti and Rachel Li

12:30-13:30 | Lunch Break

13:30-15:00 | Session 3 - Chair: Alon Brav, Duke University

13:30-13:45

Becoming Virtuous? Mutual funds’ reactions to ESG scandals

Fatima Zahra Filali Adib (Copenhagen Business School), Bastian Von Beschwitz and Daniel Schmidt

11:40-12:30

Managing Resource (Mis-)Allocation

Xavier Giroud (Columbia University)

14:00-14:15

Undisclosed Material Inflation Risk

Yaniv Konchitchki (University of California, Berkeley) and Jin Xie

14:15-14:30

Macroprudential Regulation and Systemic Risk

Simon Rother (Copenhagen Business School)

14:30-14:45

National Sentiment and Foreign Investors: Evidence from Shareholder Activism

Yujing Ma (Hong Kong Polytechnic University)

14:45-15:00

The Voting Behavior of Women-Led Mutual Funds

Alberta Di Giuli (ESCP Business School), Alexandre Garel and Arthur Petit Romec

15:00-15:25 | Coffee Break

15:25-17:55 | Session 4 - Chair: Pingyang Gao, Hong Kong University

16:15-17:05

Biodiversity Finance

Caroline Flammer (Columbia University), Thomas Giroux and Geoffrey M. Heal

17:05-17:55

Philipp Krueger (The University of Geneva), Vaska Atta-Darkua, Simon Glossner and
Pedro Matos

19:00 | Dinner

Dinner at Beit Kandinof – A unique art and culinary venue in the old city of Jaffa. A transfer directly from the Hub will be available.

Day 2 – May 19, 2023

09:00-10:40 | Session 5 - Chair: Ekaterina Neretina, USC

09:00-09:50

Sumit Agarwal (National University of Singapore), Wenlan Qian, Tianyue Ruan and
Bernard Yin Yeung

09:50-10:40

How Shifting from In-Person to Virtual-Only Shareholder Meetings Affects Shareholders’ Voice

Miriam Schwartz (The Hebrew University of Jerusalem)

10:40-11:10 | Coffee Break

11:10-12:40 | Session 6 - Chair: Shai Bernstein, Harvard Business School

11:10-11:25

Does Market Efficiency Imply Capital Allocation Efficiency? The Case of Decentralized Exchanges

Evgeny Lyandres (Tel Aviv University)

11:25-11:40

How does Green Energy affect Electricity Prices?

Thomas Schmid (The University of Hong Kong)

11:40-11:55

What Is the Impact of Mutual Funds' ESG Preferences on Portfolio Firms?

Maxime Couvert (The University of Hong Kong)

11:55-12:10

Does Abstract Thinking Facilitate Information Processing? Evidence from Financial Analysts

Gloria Yu (Singapore Management University), Frank Weikai Li and Rong Wang

12:10-12:25

Baumol's cost disease and the distributional impact of sectoral shocks

Nittai Bergman (Tel Aviv University), Nir Jaimovich and Itay Saporta-Eksten

12:25-12:40

The Coherence Side of Rationality: Rules of Thumb, Narrow Bracketing, and Managerial Incoherence in Corporate Forecasts

Stefano Rossi (Bocconi University) and Pamela Giustinelli

12:40-13:40 | Lunch Break

13:40-15:20 | Session 7 - Chair: Gennaro Bernile, University of Miami

13:40-14:30

Fee the People: Retail Investor Behavior and Trading Commission Fees

Shimon Kogan (Reichman University), Omri Even-Tov, Kimberlyn George and Eric So

14:30-15:20

Learning when to quit: a randomized experiment with innovation driven entrepreneurs

Yael Hochberg (Rice University), Esther Bailey, Daniel Fehder, Eric Floyd and Daniel Lee

19:30 | Dinner

Dinner at Roni Michaely’s home (Spouses and kids are welcome; 6 Hayasmin St., Herzliya). Independent arrival.