Sustainable Finance

Focus

This subgroup explores the management of financial resources to mitigate and adapt to the impacts of climate change. We investigate various funding mechanisms, financial instruments, and policy measures aimed at reducing greenhouse gas emissions and enhancing climate resilience.

Impact

Our research provides insights into effective climate finance strategies, helping organizations and governments develop robust financial plans to combat climate change. By identifying innovative funding solutions, we support the transition to a low-carbon economy and enhance the resilience of communities and ecosystems.

Outcomes

• Makkonen, A., Vallström, D. Uddin, G. S., Rahman, M. L., Haddad MFC. (2021). The effect of temperature anomaly and macroeconomic fundamentals on agricultural commodity futures returns. Energy Economics.
• Bose, S., Clarkson, P., & Richardson, G. D. (2023). Valuation implications of mandatory CSR expenditure in India. Abacus-A Journal of Accounting, Finance and Business.
• Bose, S., Khan, H. Z., & Monem, R. M. (2021). Does green banking performance pay off? Evidence from a unique regulatory setting in Bangladesh. Corporate Governance: An International Review, 29(2), 162-187.
• Bose S, Edwin L, Minnick K, Schorno P, Shams S, 'Does Carbon Risk Influence Stock Price Crash Risk? International Evidence', Journal of Business Finance & Accounting, (2025)

Focus

This subgroup advances knowledge and practices in sustainable and ethical investment in finance. We investigate the intersection of financial performance and social responsibility, focusing on ESG (Environmental, Social, and Governance) criteria.

Impact

Our research offers actionable insights for investors, policymakers, and corporations, promoting investment strategies that align financial returns with positive societal impact. We explore investment decisions, assess risk and return, and highlight the long-term benefits of responsible investing, aiming to foster an equitable and sustainable financial landscape for society.

Outcomes

• Long H, Chiah M, Cakici N, Zaremba A, Bilgin MH, (2024) 'ESG investing in good and bad times: An international study', Journal of International Financial Markets, Institutions and Money, 91, 101916-101916.
• Chiah M, Long H, Zaremba A, Umar Z, 'Trade competitiveness and the aggregate returns in global stock markets', Journal of Economic Dynamics and Control, 148 104618-104618 (2023)
• Chiah M, Tian X, Zhong A, 'Lockdown and retail trading in the equity market', Journal of Behavioral and Experimental Finance, 33 (2022)
• Akhtaruzzaman M, Banerjee A K, Le V, Moussa F. (2024), 'Hedging precious metals with impact investing', International Review of Economics and Finance, 89 651-664

Focus

This subgroup focuses on the systems, processes, and principles by which companies are directed and controlled. We examine the relationships among a company’s management, its board of directors, shareholders, as well as companies' broader responsibilities to society and the environment.

Impact

Our research enhances understanding of effective corporate governance practices, contributing to improved accountability, transparency, and ethical behaviour in organizations. By analysing governance structures and their impact on both corporate performance and societal outcomes, we provide recommendations for strengthening governance frameworks to support responsible, sustainable, and ethical business practices.

Outcomes

• List recent publications, industry reports, deliverable, recognition
• Haque, M.R. Rahman, M. L., Al Mamun, M.A. (2024). Is one head better than two? Dual leadership and firm performance during the COVID-19 crisis. ABACUS
• Cheema MA, Chiah M, Zhong A, 'Corporate payouts in Australia', Pacific-Basin Finance Journal, 79 101990-101990 (2023)
• Sobhan, A., Bose, S., Miah, M. S., & Razzaque, R. M. R. (2023). Does certification of corporate governance compliance pay off? Evidence from a unique regulatory setting. Corporate Governance: An International Review.
• Tenakwah, E. J., Chen, J., Ying, S. X., Li, Y., Wu, H. (2024). Corporate governance, home country governance, and MNE CSR: Evidence from Ghana, Emerging Markets Review, 59.
• Handley, K and Molloy, C (2022), SME corporate governance: A literature review of informal mechanisms for governance, Meditari Accountancy Research, Vol 30(7), pp. 310-333.
• Choi L, Faurel L, Hillegeist S, 'Do Proprietary Costs Deter Insider Trading?', Management Science,
• Cho D, Choi L, 'Shadow union in local labor markets and corporate financing policies', Journal of Corporate Finance, 89 102644-102644

Focus

This subgroup explores the transformative impact of technology on financial services. We examine the latest advancements in financial technology, including the applications of blockchain and artificial intelligence in key financial services such as asset management and banking.

Impact

Our research highlights how fintech innovations enhance financial inclusion, improve efficiency and accuracy, and reshape risk management. By providing actionable insights for the fintech community, we support the development of cutting-edge financial technologies that drive industry growth and innovation.

Outcomes

• List recent publications, industry reports, deliverable, recognition
• Chiah M, Hu X, Zhong A, 'Photo sentiment and stock returns around the world', Finance Research Letters, 46 (2022)
• Bose, S., Dey, S. K., & Bhatter, S. (2022). Big Data, Data Analytics, and Artificial Intelligence in Accounting: An Overview In S. Akter & S. F. Wamba (Eds.), Handbook of Big Data Research Methods. UK: Edward Elgar Publishing.
• Rahman ML, Miah S. (2023). Big data research methods in financial prediction. Handbook of Big Data Research Methods, 11-31 (2023)
• Wang, J., Fang, Y., Hu, X., & Zhong, A. (2024). War discourse and global equity returns. Finance Research Letters, 69.