Call for Papers
Financial Globalisation and Sustainable Finance: Implications for Policy and Practice

Conference & Special Edition of the Journal of Banking and Finance

Cape Town, South Africa, May 29-31, 2013

Keynote Speakers: to be announced

The European Centre for Corporate Engagement (ECCE) at the Maastricht University and the University of Stellenbosch Business School (USB) are very pleased to invite you to submit papers to their joint conference on Financial Globalisation and Sustainable Finance: Implications for Policy and Practice. The Journal of Banking and Finance will devote a special edition to this conference.

OVERVIEW: 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.

TOPICS: In this conference, we aim to 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. Both theoretical and empirical papers are welcome. Topics of interest include but are not limited to:
- 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?
- The role of institutional investors and corporations: 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?

PAPER SUBMISSION PROCEDURE: Interested authors should electronically submit either a completed paper or an extended, detailed abstract by 15 January 2013 to: Els van Aernsbergen, Maastricht University, The Netherlands;

SPECIAL JOURNAL ISSUE: A special issue of the Journal of Banking and Finance (JBF) on the conference theme will be published under the guest editorship of Meshach Aziakpono, Rob Bauer and Stefanie Kleimeier. Papers submitted for this special issue will undergo the normal journal review process and the journal's usual submission fee will apply. Authors whose papers are accepted for presentation at the conference are encouraged to submit their papers for the JBF special issue. Additional details for the submission procedure will be provided later.

Deadline for Paper Submission: January 15, 2013
Notification of Acceptance by: February 28, 2013
Authors' Registration Deadline (for inclusion in the Conference Programme): March 15, 2013
Early Registration Deadline: March 15, 2013
Conference Dates: May 29-31, 2013

The organizing committee consists of Stefanie Kleimeier (Maastricht University & ECCE), Rob Bauer (Maastricht University & ECCE), Meshach Aziakpono (University of Stellenbosch Business School), Sylvanus Ikhide (University of Stellenbosch Business School)

The conference will be held at the University of Stellenbosch Business School. Participants are expected to arrive on Wednesday, May 29 for the opening reception. The presentations will begin on Thursday morning May 30 and end in the afternoon of the following day. The conference concludes with a dinner on Friday evening May 31.

There will be parallel sessions with 15 minutes allocated to the presenter, 10 minutes to the discussant and 5 minutes for general discussion. Presenters are requested to serve as discussants for papers in their field of expertise. People not intending to present a paper but willing to act as discussants or chairpersons are welcome to attend the conference.

FURTHER INFORMATION: For more information and updates please go to

EXPENSES: There is no paper submission fee for the conferences. A conference fee of Euro 300 applies to all presenters and discussants.

Posted 6/25/12