CALL FOR PARTICIPANTS

                1ST "Chaire FDIR" - IDEI-R CONFERENCE ON
          "SOCIALLY RESPONSIBLE INVESTMENTS AND VALUE CREATION"

                               Toulouse
                            May 28-29, 2009


      The first "Chaire FDIR" - IDEI-R conference on "Socially
      Responsible Investments and Value Creation" will be held in
      Toulouse on May 28-29, 2009.


      TOPICS:

      Sustainable value creation includes a broad variety of
      aspects including financial as well as Environmental,
      Social, and Governance (ESG) matters. Sustainable value
      creation is at the heart of Socially Responsible
      Investments. This extended notion of value creation raises
      a number of issues. How can one evaluate ESG aspects that
      are often synonymous of externalities and materialize in
      the long run? How can one aggregate different ESG criteria?
      Can long-term ESG benefits be reflected in short-term
      financial value?


      PROGRAM:

      This conference will include presentations by academics as
      well as a roundtable in which practitioners will provide
      their insights on these issues. The program is as follows:

      (45 mn of presentation and 15 mn of general discussion)


      Thursday, May 28th Amphitheater MBI

      1:00 – 1:30 pm:   Welcome Coffee - Room MD 001

      1:30 – 2:30 pm:  "What is the Social Value of
      Preventing a Fatality?"
      by Nicolas Treich, Toulouse School of Economics
      (LERNA INRA)

      2:30 – 3:30 pm:  "Employee Relations and Firm's Credit
      Risk"
      by Jeroen Derwall, University of Maastricht (ECCE)

      3:30 – 4:00 pm:  Coffee break - Room MD 001

      4:00 – 5:00 pm:  "Fund Managers' Contracts and Short Termism"
      by Catherine Casamatta, Toulouse School of Economics (IAE IDEI)

      5:00 – 6:15 pm:  Roundtable on Socially Responsible Investments:
      "Changing the world with SRI: How and How Much?"
      David Diamond (Allianz), Christian Gollier (TSE), Geoffrey Heal
      (Columbia University), Michele Jardin (CA AM) and Alain
      Leclair (AFG)

      7:30 – 10:00 pm: Dinner (on invitation only)


      Friday, May 29th Amphitheater MBI

      9:00 – 10:00 am:  "Discounting and Relative Prices"
      by Thomas Sterner, University of Gothenburg

      10:00 – 11:00 am: "Responsible Investment under Uncertainty"
      by Christian Gollier, Toulouse School of Economics (IDEI)

      11:00 – 11:30 am: Coffee Break - Room MD 001

      11:30 – 12:30 pm: "When Principles Pay"
      by Geoffrey Heal, Columbia Business School

      12:30 – 2:00 pm:  Lunch - Room MD 001


      PROCEDURE FOR PARTICIPANTS:

      Participation to the conference is free of charge. People who are
      willing to attend the conference should register by clicking on the
      link:

            http://www.idei.fr/registration/fdir.html

      by May 25, 2009. Travel and hotel expenses will not be reimbursed.

      This will be the first conference organized in the context of the
      "Chaire FDIR" (chair on Sustainable Finance and Responsible
      Investments). This chair is sponsored by several socially
      responsible investors. It aims at fostering research and
      interaction between academics and practitioners.


      FURTHER INFORMATION:

      For more details about the conference and about the Chair
      FDIR, please see:

                      http://idei.fr/

      CONTACT:        Valerie NOWACZYK
                      IDEI-R, Manufacture des Tabacs
                      21 Allee de Brienne
                      31000 Toulouse
      Fax:            +33 (0)5 61 12 86 37
      Email:          MAILTO:vnowac@cict.fr

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Posted 5/4/09