Prof. Abdul Rauf, Nanjing University of Information Science and Technology, China
Economics and Finance (Energy economics, Environment Economics issues, and financial markets)
Prof. Abdul Rauf is a professor of Nanjing University of Information Science and Technology. My mission is to take in-depth study in the field of Economics and Finance (Energy economics, Environment Economics issues, and financial markets) to cope with the market dynamism and predict the behavioral flow. Secure a professional position in the appropriate field of a dynamic and reputed institution to contribute my knowledge and skills towards the progress of an institution, with opportunities for growth and research advancement. My interests: Economics, Finance, Financial Development and Investment, Environmental Policy & Law, Energy Economics, Low carbonization, Belt & Road Initiative.
Does Sustainable growth, energy consumption and environment challenges matter for Belt and Road Initiative feat? A novel empirical investigation
The concept of modernization and globalization urges a tendency of bilateral cooperation and strategical relationships among the nations. Recently, China has taken the Belt and Road Initiative (BRI) in 2013 to articulate the slogan of "Going global strategy.” The primary objective of the current study is to explore the nexus between energy consumption, economic growth, population growth, financial development and carbon emission (CO2) for the panel of 65 BRI countries over the period of 1981 to 2016. Empirical results show that energy consumption, high-tech industry, and economic growth deteriorate environmental quality but financial development and renewable energy consumption have a favorable effect for the environment. The energy consumption is positively and significantly affecting the environmental quality for all regions except the South Asian region. The overall outcomes postulate a weak association of economic indicators with carbon emissions in the long run except for Europe, MENA, and Southeast Asian regions. This present study serves as a blueprint to experts, policymakers and BRI listed government officials suggesting that they should advise the masses and industries to shift towards renewable energy sources. Furthermore, the need to install the water treatment plants near to industrial zones is pertinent. Moreover, the environment monitoring organizations and portfolio investors should arrange awareness campaigns for green investments and renewable energy dependency to accomplish visionary BRI feat.
Prof. Huaping Sun, School of Finance and Economics, Jiangsu University, China
1. Industrial organization, Green Transformation and global value chain
2. Energy economy, environmental governance and sustainable development
Professor Sun Huaping, Professor and doctoral supervisor of the School of Finance and Economics, Jiangsu University, Director of the Institute of Industrial Economics/Institute of Low Carbon Economy and Environmental Regulation, Jiangsu University. Doctor of Economics, Zhejiang University; Postdoctoral Fellow, Shanghai Jiao Tong University; Visiting scholar at University of Nevada (UNR) and Nanyang Technological University (NTU) in Singapore. Member of Resource Economics Research Committee of China Society of Natural Resources, Senior member of China Society of Technical Economics. National Natural Science Foundation communication evaluation expert, high-tech enterprise evaluation expert of Jiangsu Science and Technology Department.
Fintech, Regtech and Financial Development: Evidence from China
This study investigates the influence of fintech on developments in China’s financial sector across 290 cities and 31 provinces between 2011 and 2018. Using a two‑stage least squares instrumental variable regression approach and correcting for cross‑sectional dependency, simultaneity, and endogeneity of regressors, the results establish a positive link between fintech and financial development. Our findings show that fintech supports financial sector development by enhancing access (loans), depth (deposits), and savings within China’s financial institutions. We also show that the emergence of fintech in the area of financial regulation (regulatory technology: regtech) can significantly improve financial development outcomes. Therefore, it is imperative for regulators to pursue policies that balance growth in the fintech sector while mitigating the associated risks. In addition, we use the difference‑in‑differences approach to show that policy measures such as interest rates liberalization also positively impacted financial development during the analysis period. In our conclusion, we suggest a policy framework for balanced fintech sector growth in developing countries.
Prof. Pengguo Wang, University of Exeter, UK
Equity Risk Premium, Empirical Corporate Finance, Risk Factors, Firm Valuation Models, Option Pricing, Equity Trading Strategies
Pengguo Wang is a professor of finance and accounting in the Department of Finance and Accounting at the University of Exeter. He was educated in China and the UK. He received his MPhi in Economics and PhD in Finance in the Business School at Strathclyde University. Prior to joining the University of Exeter, he was a faculty member at Imperial College London and Bristol University. He worked as an ESRC Research Fellow in a joint program in Lancaster Management School and Manchester Business School.
Pengguo has been invited to give talks to the City of London for investment, accounting and legal practitioners on valuation. The methodology he proposed has been applied by investment funds to develop equity-trading strategies. He has been involved with training through professional accounting associations such as the Institute of Chartered Accountants in England and Wales (ICAEW).
Pengguo has researched and published extensively in the areas of capital markets, financial reporting, derivative pricing and stock valuation. His research, teaching and consulting interests are at the interface of finance and accounting. His current research interests are focused on cost of capital, equity risk premium, market anomalies and fundamental valuation models and applications, with particular reference to the links between financial statement information, risk and equity returns. His research has financially sponsored by ESRC, KPMG, ACCA, and The Institute for Quantitative Investment Research (INQUIRE-UK) and other grants.
Growth and Associated Capital Market Anomalies
The increasing availability of data and the sophistication of accompanying econometric packages have generated an abundance of empirical research identifying statistical relationships between accounting variables and stock returns. However, this approach frequently results in findings that appear to be contradictory or for which explanations are many. Many such capital market ‘‘anomalies’’ involve the relationship between growth and accounting fundamentals. Can we develop a unified framework to provide consistent explanations of some prominent “anomalies” including investment and accrual anomalies?
In this talk, I will show that we can establish a nonlinear relationship between stock returns and accounting fundamentals including earnings systematic risk, asset growth, company profitability, the book-to-market ratio and earnings components. This is in contrast to traditional factor models that augment the CAPM with empirically determined accounting variables. Directly relating stock returns to accounting fundamentals facilitates the exploration of many empirical conundrums. It enables us to reconcile several empirical puzzles into a parsimonious unified framework and to provide insights into the structuring of future empirical investigations. We find that the interaction between risky asset growth and future corporate earnings plays a central role in predicting stock returns. Our analysis casts light on investment and accrual anomalies and further clarifies the role of the book-to-market factor in asset pricing.
Prof. hab. Paweł smaga, SGH Warsaw School of Economics, Poland
Banking, finance, risk, economics, financial stability, central banking, safety net
Dr hab. Paweł Smaga, prof. SGH – university professor at the Department of Financial System at the College of Management and Finance in the SGH Warsaw School of Economics. Economist at the National Bank Poland, where he analyzes issues related to financial stability, macroprudential supervision and regulation of the banking sector in the EU, which also constitute his research interests. Co-author and reviewer of many articles published in journals on the JCR list. His scientific works received awards from the BFG, NBP, the Financial Ombudsman and Rector of the SGH Warsaw School of Economics.
Macroprudential policy in Europe – where do we stand?
The pandemic and the outbreak of war in Ukraine were exogenous shocks which significantly impacted the financial system in Europe. They were the first true test for the effectiveness of the nascent macroprudential policy, which has been in development since the global financial crisis. The speech will try to explore what valuable lessons might be drawn from the experience of using macroprudential policy in EU countries in response to the pandemic.
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2023 8th International Conference on Social Sciences and Economic Development (ICSSED 2023) http://icssed.org/