Climate Protection Gap: Evidences for Public Finances and Insurance Premiums, Mario Bellia, Francesca Erica Di Girolamo, Andrea Pagano and Marco Petracco Giudici (all, European Commission, Joint Research Centre, Ispra)

Back-testing Credit Risk Parameters on Low Default Portfolios: A Bayesian Approach with an Application to Sovereign Risk, Sergio Caprioli (Intesa Sanpaolo, Milan) and Riccardo Cogo (Intesa Sanpaolo, MIlan & University of Milano-Bicocca)

Climate Physical Risk, Transition Spillovers and Fiscal Stability: An Application to Barbados, Régis Gourdel (Ca’ Foscari University of Venice & Vienna University of Economics and Business) and Irene Monasterolo (EUtrecht University)

Global Corporate Default Risk Factors: Frailty and Spillover Effects, Yanru Lee (University of North Carolina at Chapel Hill)

Environmental Policy and Equity Prices, Thorsten Lehnert (University of Luxembourg)

The EU Taxonomy and Equity Markets, Laura Marinelli (Ca’ Foscari University of Venice) and Stefano Battiston (Ca’ Foscari University of Venice & University of Zurich)

Pollution and Entrepreneurship: Evidence from Cicada Emergence, Claudio Rizzi (University of Navarra)

Circular Economy, Non-financial Disclosure and Default Risk in European Companies, Claudio Zara and Luca Bellardini (both, Bocconi University)

On-site Poster Session

Returns and Determinants of Green Investments, Sergey S. Barabanov (University of St. Thomas, St. Paul)

Climate Change, Time Deformation and the Term Structure, Umberto Cherubini (University of Bologna) and Paolo Neri (University of Brescia)

Environmental Regulation, Pollution, and Shareholder Wealth, Seungho Choi (Queensland University of Technology), Jonghyeon Park (University of New South Wales), and Simon Xu (University of California at Berkeley)

E-SRISK – A Method to Quantify the Environmental Factor in Systemic Risk Analysis, Ewa Dziwok (University of Economics in Katowice), Marta A. Karaś (Wroclaw University of Economics and Business), Michał Stachura (Jan Kochanowski University of Kielce) and Witold Szczepaniak (Wroclaw University of Economics and Business)

The Shadow Disintermediation and Cost of Risk-sensitive Capital, Irem Erten (Warwick Business School)

Credit Default Swaps, the Leverage Effect, and Cross-Sectional Predictability of Equity and Firm Asset Volatility, Santiago Forte (Univ. Ramon Llull - ESADE, Barcelona) and Lidija Lovreta (EADA Business School, Barcelona)

The Role of a Green Factor in Stock Prices. When Fama & French Go Green, Ricardo Gimeno (Bank of Spain) and Clara I. González (Bank of Spain)

Zombie-lending in the United States - Prevalence Versus Relevance, Maximilian Göbel (University of Lisbon) and Nuno Tavares (University of Lisbon)

Cybersecurity Investment Externality, Jianning Huang (University of Manitoba), Pankaj Jain (University of Memphis) and Konstantin Sokolov (University of Memphis)

Optimal Retirement with Long-run Income Risk, Shan Huang (Georgia Tech, Atlanta) and Seyoung Park (University of Nottingham)

Measuring the Climate Risk Spillover through Financial Markets, Juan-Ángel Jiménez-Martín (Complutense University of Madrid), Runfeng Yang (Complutense University of Madrid) and Massimiliano Caporin (University of Padova)

Circular Economy, Corporate Sustainability Reporting, and Equity Risk: Evidence From European Markets, Claudio Zara (Bocconi University, Milan), Luca Bellardini (Bocconi University, Milan) and Federica Oliva (Bocconi University, Milan)

Online Poster Session

Every Emission You Create–Every Dollar You’ll Donate: The Effect of Regulation-induced Pollution on Corporate Philanthropy, Seungho Choi (Queensland University of Technology, Brisbane), Raphael Jonghyeon Park (University of New South Wales, Sydney) and Simon Xu (University of California at Berkeley)

ESG in the Financial Industry: What Matters for Rating Analysts? Riccardo De Lisa (University of Cagliari, Oumaima Lahmar (University of Cagliari), Marco Mandas (University of Cagliari) and Luca Piras (University of Cagliari)

Green Versus Sustainable Loans: The Impact on Firms' ESG Performance, H. Özlem Dursun-de Neef (Goethe University Frankfurt), Steven Ongena (University of Zurich, Swiss Finance Institute, KU Leuven, NTNU Business School & CEPR) and Gergana Tsonkova (Goethe University Frankfurt)

It’s Not You, It’s Them: Industry Spillovers and Loan Portfolio Optimization, Juan Pablo Gorostiaga (IESE Business School, Barcelona)

The Role of Government Procurement in Corporate Environmental Policies, Wendi Huang (The University of Hong Kong)

Sovereign Default and International Trade: The Mitigating Effects of Export Credit Insurance, Thilo Kroeger (University of Copenhagen, EKF, & Kiel Centre for Globalization)

Bank Competition and Entrepreneurial Gaps: Evidence from Bank Deregulation, Xiang Li (Boston College)

Foreign Institutional Investors and Corporate Carbon Emissions: Evidence from China, Jingjing Wang (University of Liverpool)

On-site Poster Session

Over With Carbon? Investors' Reaction to the Paris Agreement and the US Withdrawal, Lucia Alessi (European Commission - Joint Research Centre, Ispra), Stefano Battiston (University of Zurich & Ca’ Foscari University of Venice) and Virmantas Kvedaras (European Commission - Joint Research Centre, Ispra)

A Sustainability Transition on the Move? Evidence Based on the Disconnect from Market Fundamentals, Lucia Alessi (European Commission - Joint Research Centre, Ispra), Dominik Hirschbühl (European Commission - Joint Research Centre, Ispra) and Alessandro Rossi (European Commission - Joint Research Centre, Ispra)

Bank Resolution, Regulatory Arbitrage, and Systemic Risk, Michela Altieri (Luiss Guido Carli, Rome) and Deyan Radev (Sofia University)

Liquidity Derivatives, Matteo Bagnara (Leibniz Institute for Financial Research SAFE, Frankfurt am Main) and Ruggero Jappelli (Leibniz Institute for Financial Research SAFE, Frankfurt am Main)

Public and Private Financing of Sustainable Development Goals (SDGs), Massimo Cingolani European Investment Bank

Surging Sovereign Spreads: The Impact of Coastal Flooding on Sovereign Risk, Atreya Dey (University of Edinburgh Business School)

The Double Materiality of Climate Physical and Transition Risks in the Euro Area, Régis Gourdel (Vienna University of Economics and Business), Irene Monasterolo (EDHEC Business School and EDHEC-Risk Climate Impact Institute (ERCII), Nice & Boston University), Nepomuk Dunz (World Bank, Washington D.C.), Andrea Mazzocchetti (Ca’ Foscari University of Venice) and Laura Parisi (European Central Bank, Frankfurt am Main)

ESG Risk Exposure: A Tale of Two Tails, Juan-Ángel Jiménez-Martín (Complutense University of Madrid), Runfeng Yang (Complutense University of Madrid) and Massimiliano Caporin (University of Padova)

Mutual Funds’ Fire Sales and the Real Economy: Evidence from Hurricanes, Roberto Tubaldi (BI Norwegian Business School, Oslo)

Volume Dynamics Around FOMC Announcements, Xingyu Sonya Zhu (Bank for International Settlements, Basel)

Online Poster Session 2022

Every Emission You Create–Every Dollar You’ll Donate: The Effect of Regulation-induced Pollution on Corporate Philanthropy, Seungho Choi (Queensland University of Technology, Brisbane), Raphael Jonghyeon Park (University of New South Wales, Sydney) and Simon Xu (University of California at Berkeley)

ESG in the Financial Industry: What Matters for Rating Analysts? Riccardo De Lisa (University of Cagliari, Oumaima Lahmar (University of Cagliari), Marco Mandas (University of Cagliari) and Luca Piras (University of Cagliari)

Green Versus Sustainable Loans: The Impact on Firms' ESG Performance, H. Özlem Dursun-de Neef (Goethe University Frankfurt), Steven Ongena (University of Zurich, Swiss Finance Institute, KU Leuven, NTNU Business School & CEPR) and Gergana Tsonkova (Goethe University Frankfurt)

It’s Not You, It’s Them: Industry Spillovers and Loan Portfolio Optimization, Juan Pablo Gorostiaga (IESE Business School, Barcelona)

The Role of Government Procurement in Corporate Environmental Policies, Wendi Huang (The University of Hong Kong)

Sovereign Default and International Trade: The Mitigating Effects of Export Credit Insurance, Thilo Kroeger (University of Copenhagen, EKF, & Kiel Centre for Globalization)

Bank Competition and Entrepreneurial Gaps: Evidence from Bank Deregulation, Xiang Li (Boston College)

Foreign Institutional Investors and Corporate Carbon Emissions: Evidence from China, Jingjing Wang (University of Liverpool)

Long-term Growth Effect of Climate Change and Policies, Claire Alestra (Aix-Marseille University, CNRS, EHESS, Centrale Marseille & AMSE), Gilbert Cette (Banque de France & AMSE) and Valérie Chouard (Banque de France), Rémy Lecat (Banque de France)

How Do Firms Cope with Losses from Extreme Weather Events?, Emanuela Benincasa (University of Zurich and Swiss Finance Institute), Frank Betz (European Investment Bank) and Luca Gattini (European Investment Bank)

Global Carbon Divestment and Firms' Actions, Darwin Choi (The Chinese University of Hong Kong), Zhenyu Gao (The Chinese University of Hong Kong), Wenxi Jiang (The Chinese University of Hong Kong) and Hulai Zhang (Tilburg University)

Climate-related Transition and CDS Market, Michele Costola (Ca' Foscari University of Venice) and Katia Vozian (Hanken School of Economics Helsinki & Ca' Foscari University of Venice)

Economic Impact of Climate Change, Cláudia Custódio (Imperial College Business School, CEPR & ECGI), Miguel A. Ferreira (Nova School of Business and Economics, CEPR & ECGI), Emilia Garcia-Appendini (University of Zurich) and Adrian Lam (Imperial College Business School)

Scenario Design for Macro-Financial Stress Testing, Emanuele De Meo

Climate Transition Risk, Climate Sentiments, and Financial Stability in a Stock-Flow Consistent Model, Nepomuk Dunz (Vienna University of Economics and Business & International Institute for Applied Systems Analysis), Asjad Naqvi (Vienna University of Economics and Business & International Institute for Applied Systems Analysis), and Irene Monasterolo (Vienna University of Economics and Business & Boston University)

From SMP to PEPP: A Further Look at the Risk Endogeneity of the Central Bank, Marco Fruzzetti (Bank of Italy), Giulio Gariano (Bank of Italy), Gerardo Palazzo (Bank of Italy), and Antonio Scalia (Bank of Italy)

 Does Media Coverage of Firms’ Environment, Social, and Governance (ESG) Incidents Affect Analyst Coverage and Forecasts?, Guanming He (Durham University) and Zhichao Li (Durham University)

Does Climate Aid Matter for Reducing CO2 Emissions? The Case of Foreign Aid for Renewable Energy, Sandrine Kablan (Université de Paris Est Créteil) and Valérie Chouard (Banque de France)

The Visible Hand When Revenues Stop: Evidence from Loan and Stock Markets During Covid19, Francois Koulischer (University of Luxembourg), Diane Pierret (University of Luxembourg) and Roberto Steri (University of Luxembourg)

Climate Risk and Price Jumps, Thorsten Lehnert (University of Luxembourg)

Monitoring Moratoria Through COVID-19 – The Impact of Payment Holidays on Europe’s Securitised Mortgages, Ludovic Thebault (European DataWarehouse) and Usman Jamil (European DataWarehouse)

Circular Economy, Stock Volatility, and Resilience to the Covid-19 Shock: Evidence from European Caompanies, Claudio Zara (Università Bocconi, Milan), Luca Bellardini (Università Bocconi, Milan) and Margherita Gobbi (Università Bocconi, Milan)