Call for Papers & JBF

Conference Theme:

The on-going challenges of managing the consequences of the global financial crisis have generated much academic and policy debate. The academic community is just beginning to understand the lessons from this crisis. Of major concern is the stability of the financial system: In the medium to long run, a financial system is only sustainable when it is stable. At the same time, concerns over the impact of financial institutions’ actions lead to the question of how important a stable financial system is for sustainability in finance.

In this conference, we bring together researchers to present and discuss their evidence and conclusions on financial stability and sustainable finance. The intention is to investigate (the links between) financial stability and sustainable finance from various perspectives, with research based in macro-, micro- and institutional economics as well as corporate finance and financial markets. Topics of interest include:

  • Financial policy and regulation: What policies and regulation are emerging in the aftermath of the crisis? What are their implications, strength and weaknesses?
  • Macro-economic policies in the global economy: What macro-economic policies support sustainable long-term economic growth? Do different policies matter in times of crisis?
  • The role of finance in economic growth and development: Does financial market development matter? Are there differences between market- and bank-based systems? What financial instruments and institutions matter most? Is there an optimal level of competition in banking?
  • International capital flows and foreign direct investment: Do foreign capital flows serve as a substitute or complement for domestic financial development? What are the consequences of flow volatility i.e. during times of crisis? Does flow anti-cyclicality lead to domestic instability?
  • The role of development finance institutions and instruments: How can development banks, micro-finance institutions, or cooperative financial institutions lead to sustainable development? What market failures (if any) are being overcome by these institutions, and how effective are they? How important are new financial instruments such as public-private partnerships or project finance?
  • The role of engagement: How can/should institutional investors engage with firms they invest in? What are successful engagement strategies, and how effective is engagement?
  • Corporate governance and the role of institutional investors: Does sustainable banking and responsible investment matter? How influential is ESG – including environmental sustainability and corporate social responsibility – in investment decision making? How sustainable are corporate actions? Does ESG create value? If so in what way? What impact do new trends – such as sustainability in alternative asset classes including real estate, private equity and infrastructure – have?

 

Special Edition of the Journal of Banking and Finance (JBF):

All papers presented at the conference are eligible for submission to the special conference edition of the Journal of Banking and Finance (JBF). The review process will be managed by the JBF and will take place via the JBF’s website. In particular, papers submitted for this special issue will undergo the normal journal reviewing process and the journal’s usual submission fee will apply.

 

Impressions from the Conference’s Sessions and Keynotes

Coffee break

Keynote speech by Malam Sanusi

Keynote speech by Bill Megginson

 

Parallel sessions

Parallel sessions

Parallel sessions