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X-WR-CALNAME:Mathematical Finance
X-ORIGINAL-URL:https://www.math.ttu.edu/mathematicalfinance
X-WR-CALDESC:Events for Mathematical Finance
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DTSTART:20230312T080000
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DTSTART:20231105T070000
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DTSTART;TZID=America/Chicago:20230113T140000
DTEND;TZID=America/Chicago:20230113T150000
DTSTAMP:20260413T215013
CREATED:20230102T163654Z
LAST-MODIFIED:20230113T181039Z
UID:982-1673618400-1673622000@www.math.ttu.edu
SUMMARY:On ESG Investing: Heterogeneous Preferences\, Information\, and Asset Prices
DESCRIPTION:Speaker: Prof. Lin Shen\, Department of Finance\, INSEAD\, Fontainebleau\, Fr. \nAbstract: We study how environmental\, social and governance (ESG) investing reshapes in-formation aggregation by prices. We develop a rational expectations equilibrium model in which traditional and green investors are informed about financial and ESG risks but have different preferences over them. Because of the preference het-erogeneity\, traditional and green investors trade in the opposite directions based on the same information. We show that the equilibrium price may not be uniquely determined. An increase in the fraction of green investors and an improvement in the ESG information quality can reduce price informativeness about the financial payoff and raise the cost of capital.
URL:https://www.math.ttu.edu/mathematicalfinance/event/on-esg-investing-heterogeneous-preferences-information-and-asset-prices/
LOCATION:via Zoom
CATEGORIES:Seminars,Spring 2023
ATTACH;FMTTYPE=image/jpeg:https://www.math.ttu.edu/mathematicalfinance/wp-content/uploads/2023/01/shen-2.jpg
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BEGIN:VEVENT
DTSTART;TZID=America/Chicago:20230120T140000
DTEND;TZID=America/Chicago:20230120T150000
DTSTAMP:20260413T215013
CREATED:20230102T164825Z
LAST-MODIFIED:20230113T181024Z
UID:999-1674223200-1674226800@www.math.ttu.edu
SUMMARY:Does sustainability generate better financial performance? Review\, meta-analysis\, and propositions
DESCRIPTION:Speaker: Ulrich Atz\, Stern School of Business\, NYU \nAbstract: Sustainability in business and ESG (environmental\, social\, and governance) in finance have exploded in popularity among researchers and practitioners. We surveyed 1\,141 primary peer-reviewed papers and 27 meta-reviews (based on ∼1\,400 underlying studies) published between 2015 and 2020. Aggregate conclusions from a sample suggest that the financial performance of ESG investing has on average been indistinguishable from conventional investing (with one in three studies indicating superior performance) – in contrast with research in the wider management literature as well as industry reports. Until recently top finance journals did not publish climate change related studies\, yet these studies capture the frontier of corporate risk and ESG investment strategies. We developed three propositions: first\, ESG integration as a strategy seems to perform better than screening or divestment; second\, ESG investing provides asymmetric benefits\, especially during a social or economic crisis; and third\, decarbonization strategies can potentially capture a climate risk premium.
URL:https://www.math.ttu.edu/mathematicalfinance/event/does-sustainability-generate-better-financial-performance-review-meta-analysis-and-propositions/
LOCATION:via Zoom
CATEGORIES:Seminars,Spring 2023
ATTACH;FMTTYPE=image/jpeg:https://www.math.ttu.edu/mathematicalfinance/wp-content/uploads/2023/01/atz.jpg
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BEGIN:VEVENT
DTSTART;TZID=America/Chicago:20230127T140000
DTEND;TZID=America/Chicago:20230127T150000
DTSTAMP:20260413T215013
CREATED:20230102T165908Z
LAST-MODIFIED:20230113T180920Z
UID:1003-1674828000-1674831600@www.math.ttu.edu
SUMMARY:Sustainable Finance and E\, S\, and G Issues – Values versus value
DESCRIPTION:Speaker: Prof. Laura T Starks\, G. Kozmetsky Distinguished University Chair and Professor of Finance; University of Texas at Austin  \nAbstract: TBA
URL:https://www.math.ttu.edu/mathematicalfinance/event/tba-prof-laura-starks-ut-austin/
LOCATION:via Zoom
CATEGORIES:Seminars,Spring 2023
ATTACH;FMTTYPE=image/jpeg:https://www.math.ttu.edu/mathematicalfinance/wp-content/uploads/2023/01/Laura-Starks_opt.jpg
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