Corporate Social Responsibility 2019

Session Chairs are kindly requested to manage the time in each session.
Paper presentations should take 15 minutes, the discussion 10 minutes and 5 minutes should be reserved for Q&A.

Thursday 10 October 2019
 

08:30 – 09:15       Registration (Open Space, Building 4)

09:15 – 09:30       Opening and welcome speeches (Room 4.2.09)

09:30 – 10:45       Keynote speech by Karthik Ramanna, PhD., Professor of Business & Public Policy
University of Oxford, Blavatnik School of Government

10:45 – 11:15       Coffee break (Open Space, Building 4)

11.15 – 12:45       Paper presentations – Session 1

Session 1A (Room 4.2.09)

Chair: Axel Haller, University of Regensburg

Corporate Social Responsibility and Financial Reporting Quality: Evidence from CSR-Disasters
Juan Manuel Garcia Lara, Universidad Carlos III de Madrid; Beatriz Garcia Osma, Universidad Carlos III de Madrid; Irina Gazizova, Universidad Carlos III de Madrid
Discussant: Asad Karim

Corporate Social Responsibility Disclosure and Information Asymmetry: A European Perspective
Asad Karim, DRM Paris Dauphine
Discussant: Irina Gazizova

Session 1B (Room 5.1.02)

Chair: Ayse Karaevli, WHU-Otto Beisheim School of Management

Corporate Social Responsibility Performance Ratings and the Choice of Payment Method in Takeovers
Mussa Hussaini, Department of Management, Ca’ Foscari University of Venice, Italy; Ugo Rigoni, Department of Management, Ca’ Foscari University of Venice, Italy; Paolo Perego,  Faculty of Economics & Management, Free University of Bozen-Bolzano, Bolzano, Italy
Discussant: Niclas O. Meyer

ESG and CEO turnover
Gonul Colak, Hanken School of Economics, Helsinki, Finland; Timo P. Korkeamäki, Hanken School of Economics, Helsinki, Finland; Niclas O. Meyer, Hanken School of Economics, Helsinki, Finland; 
Discussant: Mussa Hussaini

12:45 – 14:00       Lunch (Open Space, Building 4)

14:00 – 15:30   Panel on CSR Regulation (CSR Disclosure) (Room 4.2.09)
organized by Prof. Dr. Andreas Barckow, President of ASCG  - The Accounting Standards Committee of Germany and WHU – Otto Beisheim School of Management

Prof. Dr. Edeltraud Günther, Professor of Sustainability Management and Environmental Accounting, Technische Universität Dresden, and Director, United Nations
University Institute for Integrated Management of Material Fluxes and of Resources, Dresden, Germany

Prof. Dr. Axel Haller, Professor of Financial Accounting and Auditing, University of Regensburg, Germany

Dr. Lothar Rieth, Group Expert Sustainability, EnBW Energie Baden-Württemberg AG, Germany

15:30 – 16:00       Coffee break (Open Space, Building 4)

16.00 – 17:30    Session 2

Session 2A (Room 4.2.09)

Chair: Omid Sabbaghi, College of Business Administration, University of Detroit Mercy

Why Do Firms Do Good? A Customer-Demand Perspective
Soma Housein, Cardiff Business School, Cardiff University, UK;  Izidin El Kalak, Cardiff Business School, Cardiff University, UK; Woon Sau Leung, Edinburgh Business School, University of Edinburgh, UK; Qingwei Wang, Cardiff Business School, Cardiff University, UK
Discussant: Omid Sabbaghi

Managerial Entrenchment and Organizational Facades: An International Evidence
Nazim Hussain, University of Groningen, NL; Isabel-María García-Sánchez, University of Salamanca, Spain; Jennifer Martínez-Ferrero, University of Salamanca Spain; Sana Akbar Khan, Lyon Catholic University, ESDES, France
Discussant: Soma Houssein

ESG Risk: An Empirical Analysis
Omid Sabbaghi, College of Business Administration, University of Detroit Mercy
Discussant: Nazim Hussain

Session 2B (Room 5.1.02)

Chair: Burcin Yurtoglu, WHU-Otto Beisheim School of Management

Undercovering the Diversity of Impact Assessment: Evidence from French Investment Professionals
Diane-Laure Arjaliès,Ivey Business School, Western University, Canda; Pierre Chollet, Montpellier Management, Montpellier Research in Management and LABEX Entreprendre, University of Montpellier, France; Patricia Crifo, University Paris Nanterre Economix, Ecole Polytechnique Crest and CIRANO École Polytechnique Dept. of Economics, ENSAE, France;  Nicolas Mottis, Management of Innovation and Entrepreneurship Department  École Polytechnique, France
Discussant: Jian Wu

CSR Disclosure, Dividend Pay-outs and Firm Value: Relations and Mediating Effects
Charl de Villiers, The University of Auckland, and University of Pretoria; Diandian Ma, The University of Auckland; Ana Marques, Norwich Business School - University of East Anglia
Discussant: Pierre Chollett

Indexing Executive Compensations to Strategic CSR Criteria
Jian Wu, NEOMA Business School, France
Discussant: Ana Marques

18:00                       Conference dinner

Friday 11 October 2019
 

09:00 – 10:30        Paper presentation – Session 3

Session 3A (Room 4.2.09)

Chair: Niklas Meyer, WHU -  Otto Beisheim School of Management 

How Are Non-Financial and Financial Misconduct Related?
Aneesh Raghunandan, London School of Economics, UK
 

When in Rome, Do as the Locals: Evidence from US Corporate Misbehavior
Asad Ali−Rind, IRG, Université Paris Est Créteil, France; Sabri Boubaker, South Champagne School of Management, Troyes, France & IRG, Université Paris Est, Créteil, France ; Khelifa Mazouz, Cardiff Business School, Cardiff University; Souad Lajili−Jarjir, IRG, Université Paris Est, Créteil, France  
Discussant: Aneesh Raghunandan

Trade Shocks and Investments in Corporate Social Responsibility
Shantanu Banerjee, Lancaster University, UK; Swarnodeep Homroyb, University of Groningen, NL; Aurélie Slechtena, Lancaster University, UK
 

Session 3B (Room 5.1.02)

Chair: Lars Kaiser, Institute for Financial Services, University of Liechtenstein

CSR in the Bond Market: Pricing Stakeholders and the Moderating Role of the Institutional Context
Antonio Salvi, LUM Jean Monnet University; Anastasia Giakoumelou, University of Rome Tor Vergata
Discussant: Lars Kaiser

ESG Preference and Market Efficiency: Evidence from Mispricing and Institutional Trading
Jie (Jay) Cao, The Chinese University of Hong Kong; Sheridan Titman, The University of Texas at Austin; Xintong (Eunice) Zhan, The Chinese University of Hong Kong; Weiming (Elaine) Zhang, The Chinese University of Hong Kong
Discussant:  Anastasia Giakoumelou

ESG Integration: Value, Growth and Momentum
Lars Kaiser, Institute for Financial Services, University of Liechtenstein
Discussant: Weiming (Elaine) Zhang

10:30 – 10:45        Coffee break (Open Space, Building 4)

10:45 – 11:45        Keynote Speech “ESG and Impact Investing” (Room 4.2.09)
by Aberdeen Standard Investments, Dominic Byrne, responsible fund manager of the Aberdeen Standard – Global Equity Impact Fund

11:45 – 12:00       Coffee break (Open Space, Building 4)

Parallel Sessions:

     12:00 – 13:00      Paper presentations – Session 4

12:00 – 13:00   Session 4

Session 4 (Room 5.1.02)

Chair: Basma Heidar, WHU - Otto Beisheim School of Management

CEO Personal Donating Behavior and Corporate Social Responsibility
Lixiong Guo, University of Alabama; Lei Kong, University of Alabama; Wenqiao Zhang, University of Alabama 
Discussant: Annette Krauss

Management of Environmental and Social Risks and Topics in the Banking Sector - an Empirical Investigation
Katrin Hummel, University of Zurich; Ute Laun, University of Zurich - Department of Business Administration; Annette Krauss, University of Zurich - Department of Banking and Finance / CSP
Discussant: Lixiong Guo

12:00 – 13:00      Workshop “Impact Investing”  (Room 4.2.09)
organized by Aberdeen Standard Investments

Dominic Byrne (Fund manager Aberdeen Standard - Global Equity Impact Fund)

Ross McSkimming (Senior Investment Specialist - Equities)

13:00 – 14:00       Lunch (Open Space, Building 4)

14:00 – 15:30       Paper presentations – Session 5

Session 5A (Room 4.2.09)

Chair: Hans-Jörg Naumer, Allianz Global Investors & WHU - Otto Beisheim School of Management

The Determinants of ESG Rating Changes
Dragon Yongjun Tang, The University of Hong Kong, Jiali Yan, Lancaster University; Yaqiong (Chelsea) Yao, Lancaster University
Discussant: Hans-Jörg Naumer

Can Social Capital and Reputation Mitigate Political and Industry-wide Economic Risk?
Dimitris Andriosopoulos, University of Strathclyde,Glasgow,UK; Sheikh Tanzila Deepty, University of Strathclyde,Glasgow,UK
Discussant: Yaqiong (Chelsea) Yao

ESG, Corporate News and the Impact on CDS Spreads
Hans-Jörg Naumer, Allianz Global Investors & WHU - Otto Beisheim School of Management and Burcin Yurtoglu, WHU - Otto Beisheim School of Management
Discussant: Dimitris Andriosopoulos

Session 5B (Room 5.1.02)

Chair: Lixiong Guo, Culverhouse College of Business, University of Alabama

Long-term Financial Performance of Corporate Social Responsibility, External Governance from Foreign Stockholders, and Regional Stakeholders
Yoko Shirasu, Department of Economics, Aoyama Gakuin University, Japan; Hidetaka Kawakita, Graduate School of Management, Kyoto University, Japan
Discussant: Lixiong Guo

Agency problem in corporate foundations
Sangeun Ha, HKUST Hong Kong University of Science and Technology
Discussant: Yoko Shirasu

Nonprofit Spending and Corporate Social Responsibility
Lixiong Guo, Culverhouse College of Business, University of Alabama; Zhiyan Wang, University of Alabama
Discussant: Sangeun Ha

15:30 – 16:00       Coffee break (Open Space, Building 4)

Closing speech: next conference Ali Fatemi, DePaul University (Open Space, Building 4)

ORGANISATIONAL INFORMATION

The conference will have a workshop format to allow for extensive discussion and feedback. Accordingly, a small number of papers will be accepted for presentation. The conference is scheduled to take place on the campus of WHU – Otto Beisheim School of Management in Düsseldorf.  

The conference is organized by Martin Glaum (Chair of International Accounting) and Burcin Yurtoglu (Chair of Corporate Finance), WHU - Otto Beisheim School of Management.

No conference fees will be charged.

CONFERENCE INFORMATION

Following the successful launch of the first annual conference on CSR, the Economy and Financial Market in Tokyo, Japan, the 2019 Conference will be held in Düsseldorf, Germany. The Third Conference aims to spur research and debate regarding the economic effects of corporate social responsibility. Theoretical and empirical papers dealing with the effect of CSR from a purely economic perspective, a financial management view, the markets vantage, 
or with aspects of CSR reporting and disclosure are invited. At the author’s discretion, accepted papers will automatically qualify for a fast-track review for possible publication in a special issue of the Global Finance Journal with the journal’s submission fee waived. 

PROGRAM COMMITTEE

• Audra Boone, Texas Christian University
• Pierre Chollet, Montpellier University 
• Otgontssetseg Erhemjamts, Bentley University
• Ali Fatemi, DePaul University
• Iraj Fooladi, Dalhousie University
• Sadok El Ghoul, University of Albetra
• Stuart Gillan, University of Georgia
• Omrane Guedhami, University of South Carolina
• Paul Guest, Surrey Business School
• Axel Haller, Universität Regensburg
• Souad Lajili-Jarjir, Université Paris Est Créteil
• Giovanna Michelon, University of Exeter 
• Sébastien Pouget, Toulouse School of Management
• Henri Servaes, London Business School
• Vahap Uysal, DePaul University
• Stefano Zambon, University of Ferrara