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Sustainability & Finance Symposium

FRIDAY, JUNE 7, 2013

Abbaszadeh Lecture Hall, 1213 Gallagher
Graduate School of Management
University of California, Davis
Davis, CA

The Sustainability & Finance Symposium will convene leading academics and practitioners to foster a debate and discussion on sustainability and finance issues from the perspective of a large asset owner.

Program Chairs:
Brad M. Barber
Gallagher Professor of Finance
UC Davis Graduate School of Management

Robert J. Jackson Jr.
Associate Professor of Law and Milton Handler Fellow
Columbia Law School


6:30 pm – Welcome Dinner, Foyer of Gallagher Hall

FRIDAY, JUNE 7, 2013

7:45 am – Continental Breakfast (Foyer of Gallagher Hall)

8:30 am – Welcome
                 Steven C. Currall, Dean, UC Davis Graduate School of Management
                 Anne Stausboll, Chief Executive Officer, CalPERS

PRESENTATIONS (presenters appear in bold)

8:50 amStakeholder Relations and Stock Returns: On Errors in Expectations and Learning
Arian Borgers, Tilburg University
Jeroen Derwall, Maastricht University
Kees Koedijk, Tilburg University
Jenke ter Horst, Tilburg University
Discussant: Joey Engelberg, University of California, San Diego

9:40 amCorporate Social Responsibility and Firm Risk: Theory and Empirical Evidence
Artyom Durnev, University of Iowa
Rui Albuquerque, Boston University
Yrjo Koskinen, Boston University
Discussant: Laura Starks, University of Texas at Austin

10:30 am – Coffee (Foyer of Gallagher Hall)

11:00 amDo Managers Do Good with Other Peoples’ Money?
Ing-Haw Cheng, University of Michigan
Harrison Hong, Princeton University
Kelly Shue, University of Chicago
Discussant: Nadja Guenster, Maastricht University

11:50 amActive Ownership
Elroy Dimson, London Business School
Oguzhan Karakas, Boston College
Xi Li, Temple University
Discussant: Wei Jiang, Columbia University

12:40 pm – Lunch (Foyer of Gallagher Hall)

1:40 pmSignaling Through Corporate Accountability Reporting
Thomas Lys, Northwestern University
James Naughton, Northwestern University
Clare Wang, Northwestern University
Discussant: Todd Henderson, University of Chicago

2:30 pmCorporate Governance and the Environment: Evidence from Green Innovations
Mario Amore, Bocconi University
Morten Bennedsen, INSEAD
Discussant: Jonathan Karpoff, University of Washington

3:20 pm – Coffee (Foyer of Gallagher Hall)

3:50 pmDo Private Equity Fund Managers Earn Their Fees? Compensation, Ownership, and Cash Flow Performance
David Robinson, Duke University
Berk Sensoy, Ohio State University
Discussant: Jonathan Berk, Stanford University

4:40 pm – Closing Remarks
               Joe Dear, Chief Investment Officer, CalPERS
              Anne Simpson, Senior Portfolio Manager, Director for Global Governance, CalPERS

5:00 pm – Reception (Foyer of Gallagher Hall)

5:30 pm – Closing Dinner (Foyer of Gallagher Hall)


For directions to the UC Davis Buehler Alumni & Visitor Center, which is adjacent to the Graduate School of Management, click here. For evidence of the $7.00 daily visitor parking rate, click here.

For details on the program review process, click here.

For more information regarding the Symposium, please contact Amanda Kimball,


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