International Corporate Governance Conference

Program Committee: Amir Amel-Zadeh, Oxford University Jill Atkins, Cardiff University Tony Berrada, University of Geneva Giorgio Bertinetti, Ca’Foscari University Pattanaporn Chatjuthamard, Sasin School of Management Mengyuan Chen, Cardiff University Pierre Chollet, Montpellier University Otgontssetseg Erhemjamts, Bentley University Arman Eshraghi, Cardiff University Iraj Fooladi, Dalhousie University Sadok El Ghoul, Univerity of Albetra Izidin El Kalak, Cardiff University Stuart Gillan, University of Georgia Martin Glaum, WHU, Otto Beisheim School Omrane Guedhami, Univ. of South Carolina Bilal Hafeez, Cardiff University Axel Haller, Universität Regensburg Souad Lajili-Jarjir, Univ. Paris Est Creteil Giovanna Michelon, University of Bristol Lin Peng, City University of New York Sébastien Pouget, Toulouse School of Econ Oksana Pryschepa, Cardiff University Lukas Roth, University of Alberta Pattarake Sarajoti, Sasin School of Management Henri Servaes, London Business School Yoko Shirasu, Aoyama Gakuin University Takafumi Sasaki, Chuo University Onur Tosun, Cardiff University Sirimon Treepongkaruna, Sasin School of Management Aaron Yoon, Northwestern University Burcin Yurtoglu, WHU, Otto Beisheim School

 

Conference Program Annual Conference on CSR, Economy & Financial Markets 6-7 November, 2025 Sasin School of Management, Bangkok, Thailand
Thursday, 6 November, 2025 Room 402, 4th Floor, Sasa Patasala Building
Time	Session
08:00 – 08:45	Registration
08:45 – 09:00	Introducing the Program Chair by Associate Professor Piyachart Phiromswad, Ph.D., Sasin School of Management
09:00 – 09:15	Conference Welcome by Professor Ali Fatemi, Ph.D., DePaul University, Chicago Illinois, USA
09:15 – 10:15	Opening Keynote Professor Johan Sulaeman, Ph.D., Director, Sustainable and Green Finance Institute, National University of Singapore, Dean’s Chair, NUS Business SchoolModerator: Professor Michael Frenkel, Ph.D., WHU – Otto Beisheim School of Management, Germany
10:15 – 10:30	Photo Session and Coffee Chat
I. ESG Session Chair: Reza Bradrania, Ph.D., Senior Lecturer UniSA Business, University of South Australia, Australia.
10:30 – 12:00	1. ESG Ratings, Firm Capital Structure, and Product Market Competition in Emerging Markets: Evidence from India Associate Professor Vinodh Madhavan, Ph.D., Ahmedabad University, Gujarat, India Assistant Professor Lakshmi Padmakumari, Ph.D., Institute of Rural Management Anand, Gujarat, India Adjunct Assistant Professor Aishwarya Krishnaswamy, Ph.D., Krea University, Andhra Pradesh, India Professor Arindam Tripathy, Ph.D., University of Washington, Tacoma, USA Senior Professor Balasubramanian Gopalswamy, Krea University, Andhra Pradesh, India Discussant: Reza Bradrania, Ph.D., Senior Lecturer UniSA Business, University of South Australia, Australia.
	2. Heterogeneity in Investor Reaction to Global ESG Incidents Associate Professor Onur Kemal Tosun, Ph.D., Cardiff University, United Kingdom Bilal Hafeez, Ph.D., Lecturer in finance, Cardiff University, United Kingdom Discussant: Reza Bradrania, Ph.D., Senior Lecturer UniSA Business, University of South Australia, Australia.
	3. Effect of extreme heat exposure in factories on firm operating performance Professor Millicent Chang, Ph.D., University of Wollongong Vina Javed Khan, Ph.D., University of Wollongong Searat Ali, University of Wollongong Discussant: Associate Professor J. Thomas Connelly, Ph.D., Sasin School of Management
12:00 – 13:30	Lunch
II. ESG Disclosure & Markets Session Chair: Professor Millicent Chang, Ph.D., University of Wollongong
13:30 – 14:00	1. Economic Policy Uncertainty, ESG Disclosure, and Firm Value: Evidence from Global Markets Professor Ravichandran K. Subramaniam, Ph.D., Monash University, Malaysia Hajara Mohamed Saleeth, Ph.D. Candidate, Monash University Malaysia Puspavathy Rassiah, Ph.D., Senior Lecturer, Monash University, Malaysia Discussant: Professor Millicent Chang, Ph.D., University of Wollongong
14:00 – 14:30	2. The Western European Corporations and CO2 Emissions Lovaniaina Randriamoria, Ph.D. Candidate, University of Fribourg, Switzerland Discussant: Quang N. Dang, Vietnam National University, Hanoi, Vietnam
14:30 – 15:00	Break
III. Climate Risk Session Chair: Professor Nophea Sasaki, Ph.D., Sasin School of Management
15:00 – 15:30	1. Navigating Climate Change: How Do Adaptation Initiatives Affect Bank versus Bond Financing? Professor Sabri Boubaker, Ph.D., EM Normandie Business School, France & Swansea University Assistant Professor Qi Jin, Ph.D., Chinese University of Hong Kong, China Associate Professor Xiaoran Ni, Ph.D., Xiamen University, China Associate Professor Chi Zhang, Ph.D., University of Massachusetts Lowell, USA Discussant: Professor Nophea Sasaki, Ph.D., Sasin School of Management
15:30 – 16:00	2. Your Benefits, My Climate Shield: The Impact of Corporate Climate Risk Exposure on Employer Social Insurance Contributions in China Professor Cheng Xiang, Chongqing University, Chongqing, China Professor Zhuoyao Xin, Chongqing University, Chongqing, China Professor Zongyi Zhang, Chongqing University, Chongqing, China Professor Hongyi Qu, Chongqing University, Chongqing, China Discussant: Professor Sabri Boubaker, Ph.D., EM Normandie Business School, France & Swansea University
16:00 – 16:30	3. Climate Risk and Sovereign Borrowing Costs in ASEAN: An Empirical Assessment Quang N. Dang, Vietnam National University, Hanoi, Vietnam Discussant: Professor Nophea Sasaki, Ph.D., Sasin School of Management
17:30	Conference Dinner
Friday, 7 November, 2025 Room 402, 4th Floor, Sasa Patasala Building
08:00 – 08:30	Registration
IV. IPOs & Other Topics Session Chair: Associate Professor Piyachart Phiromswad, Ph.D., Sasin School of Management
08:30 – 10:00	1. Neighborhood Awareness and IPO Underpricing: Evidence from Satellite Nightlight Assistant Professor Qingjie Du, Ph.D., University of Birmingham Professor Abhinav Goyal, Ph.D., University of Birmingham Associate Professor Chen Meng, Ph.D., Shanghai Jiao Tong University Associate Professor Haibing Shu, Ph.D., Shanghai Jiao Tong University Discussant: Associate Professor Piyachart Phiromswad, Ph.D., Sasin School of Management
	2. Do immigrants have equal opportunities? Evidence from directors’ immigrant background and board leadership positions Samir Ghannam, Ph.D., Senior Lecturer, University of Technology Sydney, Australia Professor Martin Bugeja, University of Technology Sydney, Australia Liudmila Radomskaia, Ph.D., Lecturer, University of Technology Sydney, Australia Discussant: Associate Professor Abdul-Rahman Khokhar, Ph.D., Sobey School of Business, Saint Mary’s University, Canada
	3. CSR Performance and SEC Comment Letter Review Process Associate Professor Abdul-Rahman Khokhar, Ph.D., Sobey School of Business, Saint Mary’s University, Canada Associate Professor Christine A. Panasian, Ph.D., Sobey School of Business, Saint Mary’s University Associate Professor Hesam Shahriari, Ph.D., College of Business, Prairie View A&M University Discussant: Associate Professor Piyachart Phiromswad, Ph.D., Sasin School of Management
10:00 – 10:30	Break
V. Behavioral Factors Session Chair: Associate Professor Onur Kemal Tosun, Ph.D., Cardiff University, United Kingdom
10:30 – 12:00	1. CEO Values and Corporate ESG Performance Professor Arman Eshraghi, Ph.D., Cardiff University, United Kingdom Xiang Li, Cardiff University, United Kingdom Associate Professor Onur Kemal Tosun, Ph.D., Cardiff University, United Kingdom Discussant: Associate Professor J. Thomas Connelly, Ph.D., Sasin School of Management
	2. Do socially conscious banks reciprocate the social consciousness of borrowing firms? Evidence from U.S. syndicate loans Tayyaba Rasheed, Ph.D., University of Wollongong, Australia Searat Ali, Ph.D., Senior Lecturer, University of Wollongong, Australia Professor Xiaofei Pan, Ph.D., University of Wollongong, Australia Discussant: Associate Professor Pattarake Sarajoti, Ph.D., Sasin School of Management
	3. Discouraging Greenwashing: A Revenue-Neutral Model Professor Ali Fatemi, Ph.D., DePaul University, Chicago Illinois, USA Professor Iraj Fooladi, Ph.D., Dalhousie University, Halifax, NS, Canada Professor Gregory Hebb, Ph.D., Dalhousie University, Halifax, NS, Canada Discussant: Assistant Professor Chonawee Supatgiat, Ph.D., Sasin School of Management
12:00 – 13:30	Lunch
13:30 – 14:30	Closing Keynote by Professor Nophea Sasaki, Ph.D., Sasin School of Management
14:30 – 16:00	Panel Discussion: From Mandates to Metrics: ESG Reporting, Regulation and Automation at Scale Associate Professor Ekbordin Winijkul, Ph.D., Asian Institute of Technology, Thailand Fukuya Iino, Ph.D., UNIDO Representative for the Sub-Regional Office for Thailand, Malaysia, Myanmar, Cambodia, Laos, and Vietnam Sudip Ranjan Basu, Ph.D., Secretary of the Commission, UN ESCAP

 

Authors of accepted papers, all co-authors, and non-presenting participants must register for the conference using the registration form available: Click Here

Registration Information

Registration Fee: 5,000 THB (approximately USD 154) (per person) Deadline for Registration: October 5, 2025 Payment Method: There are two available payment methods QR Code (for mobile banking) and Credit Card Upon completion of the registration form, a payment link will be sent to the registered email address. If you have any questions about the payment or events please contact: [email protected]

Visa Information for International Participants

Participants traveling to Thailand to attend the event may enter the country using a tourist visa or, if eligible, under the visa exemption program (free visa).

• Visa Exemption: Nationals of many countries are allowed to enter Thailand without a visa for tourism purposes and stay for up to 30 days (or 45 days, depending on your nationality).
• Tourist Visa: For those not eligible for visa exemption or who wish to stay longer, a standard tourist visa is also acceptable for attending the event.

We recommend that all participants check with the Royal Thai Embassy or Consulate in their respective countries to confirm the most up-to-date entry requirements and ensure a smooth travel experience. For your convenience, you may also refer to the Thailand Digital Arrival Card (TDAC) Online Form guidelines. for more information. We look forward to welcoming you to Bangkok!

Pathumwan Princess Hotel Address: 444 Phaya Thai Rd, Wang Mai, Pathum Wan, Bangkok 10330 Thailand Phone: 02 216 3700 Holiday Inn Express Hotel Address: 889 Rama 1 Road Wang Mai, Pathumwan Bangkok, 10330 Thailand Phone: 02 090 6300 Sasa International House Address: Khwaeng Wang Mai, Pathum Wan, Krung Thep Maha Nakhon 10330 Thailand Phone: 02 216 8844