The 2025 Massey Sustainable Finance Conference

8:30 - 9:00 (30min)

Registration & Coffee

Welcoming Foyer

9:00 - 10:00 (1h)

Corporate Culture in Sustainable Finance: Founder Influences and Stakeholder Perspectives

NUFE Library Auditorium

Professor Kai Li

10:00 - 10:30 (30min)

Morning Tea

Welcoming Foyer

10:30 - 12:00 (1h30)

F1: Corporate Social Responsibility III

Room 01

Jing Chi (Massey University, New Zealand)

› Arm's Length or Arm-in-arm? Multibusiness firms' Institutional Arbitrage in Medical Monitoring Claims - Mingmei Liu, Jinan University, China 10:30-12:00 (1h30)

› When Help Hurts: The Environmental Externalities of Industrial Subsidies - Wei Li, City University of Hong Kong, Hong Kong 10:31-12:00 (1h29)

› Organisational medical welfare and firm productivity: The role of employee psychological security - Jing Chi, Massey University 10:32-12:00 (1h28)

10:30 - 12:00 (1h30)

F2: Climate Finance II

Room 02

Biao Yang (Shanghai Jiao Tong University, China)

› Fund Mergers, Cross Ownership and Environmental Spillovers in Supply Chains - Yujia Shao, The Chinese University of Hong Kong 10:30-12:00 (1h30)

› International Climate News - Biao Yang, Shanghai Jiao Tong University, China 10:31-12:00 (1h29)

› From Words to Wealth: The Role of Climate Change Disclosures in Global Stock Return - Dong Ding, Hefei University of Technology 10:32-12:00 (1h28)

10:30 - 12:00 (1h30)

F3: Environmental, Social and Governance III

Room 03

Kayshani Gibbon (Utrecht University, Netherlands)

› From Incidents to Actions: The Dynamics of ESG Engagement in Asset Management - Yongheng Sun, Singapore Management University 10:30-12:00 (1h30)

› Do green and sustainability-linked bank loans enable green innovation? - Kayshani Gibbon, Universiteit Utrecht / Utrecht University [Utrecht] 10:31-12:00 (1h29)

› Healthy Returns: The Impact of Paid Sick Leave on Hospital Healthcare Quality - Lei Lei, Hong Kong Polytechnic University 10:32-12:00 (1h28)

10:30 - 12:00 (1h30)

F4: Behavioral Finance & Sustainability II

Room 04

Limin Xu (University of Adelaide, Australia)

› The Salience of Climate Change and Green Patents Review: Evidence from Climatic Disasters - Yajing Wang, Hong Kong Polytechnic University 10:30-12:00 (1h30)

› ESG Controversies and Inventor Job-hopping - Limin Xu, The University of Adelaide, Australia 10:31-12:00 (1h29)

› Uncertainties in cross-section returns of Real Estate Investment Trusts (REITs) - Yongyu Chen, Massey University 10:32-12:00 (1h28)

10:30 - 12:00 (1h30)

F5: Digital Finance, Fintech & Sustainability

Room 05

Tiantian Tang (Shandong University, China)

› When FinTech Meets Sustainability: The Dark Side of Fintech in Green Investment Decisions - Ruichen Ma, Macau University of Science and Technology 10:30-12:00 (1h30)

› ESG Rating Divergence: Cost of Digital Finance - Tiantian Tang, Shandong University 10:31-12:00 (1h29)

› When Algos Face the Tail: Intraday Risk in High-Frequency Trading - Devika Arumugam, Indian Institute of Management Indore 10:32-12:00 (1h28)

12:00 - 13:30 (1h30)

Lunch Break

Welcoming Foyer

13:30 - 15:00 (1h30)

G1: Corporate Social Responsibility IV

Room 01

Qifang Feng (Tsinghua University, China)

› ESG Engagement and Disclosure: Implications for Stock Misvaluation and Market Efficiency in China - Qifang Feng, Massey University 13:30-15:00 (1h30)

› When Social Media Bites: ESG Backlash and Institutional Insulation in Chinese Firms - Yuejiao Wang, Université du Québec à Montréal, Canada 13:31-15:00 (1h29)

› Corporate operational inflexibility and philanthropic giving: The moderating effect of managerial short-termism - Linshan Zeng, Massey University 13:32-15:00 (1h28)

13:30 - 15:00 (1h30)

G2: Diversity, Equity and Inclusion

Room 02

Seungjoon Oh (Peking University HSBC Business School, China)

› Mind the Gap: Gender Discrimination in Loan Pricing Around the World - Christoph Domnick, Finance Center Münster - University of Münster 13:30-15:00 (1h30)

› Can Board Gender Diversity Resolve ESG Rating Disagreement? - Yilan Cui, The University of Queensland 13:31-15:00 (1h29)

› Tradeoff between Entrepreneurship and Fertility: Evidence from China's Nationwide Two-Child Policy - Seungjoon Oh, Peking University HSBC Business School, China 13:32-15:00 (1h28)

13:30 - 15:00 (1h30)

G3: Environmental, Social and Governance IV

Room 03

Shaun McDowell (Wenzhou-Kean University, China)

› Performance persistence of ESG funds: Evidence from China - Shaun McDowell, Wenzhou-Kean University 13:30-15:00 (1h30)

› Do ESG investments curb firm competitiveness? The case of China's national drug procurement regime - Qian Zhuang, China Pharmaceutical University 13:31-15:00 (1h29)

› Good News and Bad News: Customer ESG News and Supplier Green Transformation - Xu Huang, Nankai University 13:32-15:00 (1h28)

13:30 - 15:00 (1h30)

G4: Behavioral Finance & Sustainability III

Room 04

Claire Matthews (Massey University, New Zealand)

› Transformation in Retail Banking – Do New Zealand's Retail Bank Customers Welcome Green Banking? - Claire Matthews, Massey University 13:30-15:00 (1h30)

› When Greed Meets Bias: Its Dual Impact on the Disposition Effect - Haoyang Yu, Auckland University of Technology 13:31-15:00 (1h29)

› Hot Under the Collar: Impacts of Extreme Heat on Financial Consumer Complaints - Rui Sun, University of Adelaide 13:32-15:00 (1h28)

13:30 - 15:00 (1h30)

G5: Biodiversity & Climate Change

Room 05

Linti Zhang (The Hong Kong Polytechnic University, Hong Kong)

› Attention to Biodiversity Risk: Evidence from the United Nations COP15 metting - Linti Zhang, Hong Kong Polytechnic University 13:30-15:00 (1h30)

› Bridging the gap or deepening divide? The impact of climate belief and regulation intervention on corporate environmental disconnect - Fangyuan Kou, University of Exeter Business School 13:31-15:00 (1h29)

› The “Major Questions” of Carbon Emissions and Value Relevance of Climate Litigation - XIAOYI LYU, Sun Yat-Sen University [Guangzhou] 13:32-15:00 (1h28)

15:00 - 18:00 (3h)

CULTURAL HERITAGE ACTIVITIES AND NETWORKING

Cultural Heritage Activities and Networking @ Qixia Mountain

Program Agenda & Paper Dowload