2024 (Fifth) University of Oklahoma and Review of Financial Studies Climate and Energy Finance Research Conference

Description

The University of Oklahoma Price College of Business is pleased to announce the Fifth OU-RFS Climate and Energy Finance Research Conference. The conference is co-sponsored by the Review of Financial Studies. The conference program is given below.

Co-Chairs & Organizing Committee: Chitru Fernando (OU), Bill Megginson (OU), Anna Pavlova (LBS and RFS), and Pradeep Yadav (OU).

November 14 – 16, 2024. Location: The Vast Conference Center in Oklahoma City

REGISTRATION/FURTHER INFORMATION:
Colleagues from academia and industry are most welcome to attend the conference.
Please register at the conference website:
https://www.ou.edu/price/events/finance/climate-and-energy-research

The conference website also provides a link to book rooms at the Sheraton Oklahoma City Downtown Hotel at a preferential conference rate.

For more information, contact the Price College Finance Division at finance@ou.edu.

Additional Information

SCHEDULE OF EVENTS

Thursday, 14 November
6:30am-8:30 pm: Welcome Reception, Drinks & Hors d’oeuvres, VAST Skylight Room

Friday, 15 November
8:00am-8:30am: VAST Pre-Function Area
Conference Registration and Continental Breakfast

8:30am-9:00am: VAST Infinity Room
Welcome and Conference Opening
André-Denis G. Wright, Senior Vice President and Provost, University of Oklahoma
Laku Chidambaram, Interim Dean, Price College of Business

9:00am-11:00am, VAST Infinity Room
Session 1: The Energy Transition's Impact on Production, Employment, and Supply Chains
Session Chair: Anna Pavlova, London Business School

“Do firms mitigate climate impact on employment? Evidence from US heat shocks”
Viral Acharya, New York University Stern School of Business
Abhishek Bhardwaj, Tulane University
Tuomas Tomunen, Boston College
Discussant: Jawad Addoum, Cornell University

“Rewiring Supply Chains Through Climate Policy”
Olimpia Carradori, Swiss Finance Institute, University of Zurich
Emanuela Benincasa, University of Zurich
Miguel Ferreira, Nova School of Business and Economics
Emilia Garcia-Appendini, Norges Bank, Norway
Discussant: Ulrich Hege, University of Toulouse

“Opening the Brown Box: Production Responses to Environmental Regulation”
Rebecca De Simone, London Business School
S. Lakshmi Naaraayanan, London Business School
Kunal Sachdeva, Jesse H. Jones Graduate School of Business, Rice University
Discussant: Nuri Ersahin, Southern Methodist University

11:00am-11.15am Coffee Break - VAST Stratus Pre-Function Room

11:15am-12:35 pm, VAST Infinity Room
Session 2: Climate Risk, Asset Pricing, and Asset Management
Session Chair: Philip Strahan, Boston College

“Carbon-Transition Risk and Net-Zero Portfolios”
Gino Cenedese, Fulcrum Asset Management
Shangqi Han, Fulcrum Asset Management
Marcin Kacperczyk, Imperial College
Discussant: Russ Wermers, University of Maryland

“Environmental Activism, Endogenous Risk, and Asset Prices”
Ravi Jagannathan, Northwestern University
Soohun Kim, The Korea Advanced Institute of Science and Technology
Robert McDonald, Northwestern University
Shixiang Xia, City University of Hong Kong
Discussant: Praveen Kumar, University of Houston

12:35pm-1:35pm Lunch in VAST Skylight Room

1:35pm-2:55 pm: VAST Infinity Room
Session 3: Insurance Markets and Climate Risks
Session Chair: Jared Stanfield, University of Oklahoma

“Climate Risk and the U.S. Insurance Gap: Measurement, Drivers and Implications”
Parinitha Sastry, Columbia Business School
Tess Scharlemann, Federal Reserve Board
Ishita Sen, Harvard Business School
Ana-Maria Tenekedjieva, Federal Reserve Board
Discussant: Tony Cookson, University of Colorado

“Physical Climate Risk Factors and an Application to Measuring Insurers’ Climate Risk Exposure”
Robert Engle, New York University Stern School of Business
Shan Ge, New York University Stern School of Business
Hyeyoon Jung, Federal Reserve Bank of New York
Xuran Zeng, New York University Stern School of Business
Discussant: Kris Jacobs, University of Houston

2:55pm-3:10pm COFFEE BREAK - VAST Stratus Pre-Function Room

3:10pm-4:30 pm: VAST Infinity Room
Session 4: Energy and Climate Risks
Session Chair: Scott Linn, University of Oklahoma

“Renewable Energy Resources and the Local Economy: Evidence from Municipal Bonds”
Jess Cornaggia, Pennsylvania State University
Peter Iliev, Pennsylvania State University
Discussant: Vikram Nanda, University of Texas, Dallas

“Climate Transition Risk and the Energy Sector”
Viral V. Acharya, New York University Stern School of Business
Stefano Giglio, Yale School of Management
Stefano Pastore, New York University Stern School of Business
Johannes Stroebel, New York University Stern School of Business
Zhenhao Tan, Yale School of Management
Discussant: Chester Spatt, Carnegie Mellon University

5:00pm-5:45 pm Drinks Reception VAST Skylight Room

5:45pm-7:00pm VAST Infinity Room
Keynote Speech: Professor Oliver Hart, Harvard University, 2016 Nobel Laureate in Economics

7:00pm-9:00 pm: Gala Dinner in VAST Skylight Room

Saturday, November 16
7:30am-8:00am Continental Breakfast, VAST Pre-Function Area

8:00am-10:00 am: VAST Infinity Room
Session 5: Corporate Governance, Fund Managers, and the Energy Transition
Session Chair: William Megginson, University of Oklahoma

“Social Responsibility: Citizens vs. Shareholders”
Robin Dottling, Erasmus University Rotterdam
Doron Levit, University of Washington
Nadya Malenko, Boston College
Magdalena Rola-Janicka, Imperial College London
Discussant: Marcus Opp, Stockholm School of Economics and Stanford University

“Decentralizing Proxy Voting Power”
Nathan Herrmann, University of Texas at Austin
John McInnis, University of Texas at Austin
Brian Monsen, Ohio State University
Laura Starks, University of Texas at Austin
Discussant: Pedro Matos, University of Virginia

“ESG Skill of Mutual Fund Managers”
Richard B. Evans, University of Virginia Darden School of Business
Simon Glossner, Federal Reserve Board
Marco Ceccarelli, Vrije Universiteit Amsterdam
Mikael Homanen, Bayes Business School, City University of London
Ellie Luu, Strathclyde Business School, University of Strathclyde
Discussant: Sophie Shive, University of Notre Dame

10:00am-10:15am COFFEE BREAK - VAST Stratus Pre-Function Area

10:15-12:15 pm: VAST Infinity Room
Session 6: Carbon Premium and Green Bonds
Session Chair: Pradeep Yadav, University of Oklahoma

“Green Bonds: New Label, Same Projects”
Pauline Lam, New York University Stern School of Business
Jeffrey Wurgler, NYU Stern Finance and National Bureau of Economic Research
Discussant: Florian Berg, MIT

“Does the Carbon Premium Reflect Risk or Mispricing?”
Yigit Atilgan, Sabanci University, Turkey
Ozgur Demirtas, Sabanci University, Turkey
Alex Edmans, London Business School
Doruk Gunaydin, Sabanci University, Turkey
Discussant: Geert Rouwenhorst, Yale University

“ESG Investing Beyond Risk and Return”
Rex Wang Renjie, Vrije Universiteit (VU) Amsterdam
Shuo Xia, Halle Institute for Economic Research
Discussant: Michael Goldstein, Babson College

12:15pm-1:15pm LUNCH in VAST Skylight Room

1:15pm-3:15pm: VAST Infinity Room
Session 7: Banking's Role in the Energy Transition
Session Chair: Chitru Fernando, University of Oklahoma

“Climate Transition Risks of Banks”
Felix Martini, Frankfurt School of Finance & Management
Zacharias Sautner, University of Zurich and Swiss Finance Institute
Sascha Steffen, Frankfurt School of Finance & Management
Carola Theunisz, Frankfurt School of Finance & Management
Discussant: Philip Strahan, Boston College

“Climate Stress Tests, Bank Lending, and the Transition to the Carbon-Neutral Economy”
Larissa Fuchs, University of Cologne
Huyen Nguyen, Halle Institute for Economic Research and Friedrich Schiller University Jena
Trang Nguyen, University of Bristol
Klaus Schaeck, University of Bristol
Discussant: Sumudu Watugala, Indiana University

“Do ESG investors care about carbon emissions? Evidence from securitized auto loans”
Christian Kontz, Stanford University
Discussant: Jan Bena, University of British Columbia

3:15pm-3:30pm Conference Close, VAST Infinity Room

3:30pm-4:30pm Post-Conference Coffee and Drinks Reception