Vietnam Symposium in Banking and Finance 2025

8:00 - 8:30 (30min)

Registration & Coffee

8:30 - 9:30 (1h)

Keynote Address: The growing presence of shadow banks in the corporate loan market

Professor João A.C. Santos, Financial Research Advisor, Federal Reserve Bank of New York & Co-Editor of Journal of Financial Intermediation

9:30 - 9:45 (15min)

Coffee break

9:45 - 10:45 (1h)

Policy Roundtable Discussion: The Rise of Shadow Banking and Financial Stability: The Possibility of Shadow Banking 2.0

10:45 - 11:00 (15min)

Coffee break

11:00 - 12:00 (1h)

ESG controversies and the seven sins of banking

Professor Markku Kaustia, Professor of Finance, Hannes Gebhard Professor in Finance and Insurance, Aalto University

12:00 - 13:30 (1h30)

Lunch Break

13:30 - 15:00 (1h30)

Asset pricing and allocation

Parallel Session D1.1. Chair: Ravi Anshuman Vyakaranam, Indian Institute of Management Bangalore (India)

› Predicting Equity Risk Premium: Conditioning on Economic Uncertainty - Ravi Vyakaranam, IIM Bangalore - Rajdeep Sharma, SP Jain Institute of Management and Research 13:30-14:00 (30min)

› Temporal Effects of Real Estate News Sentiment on Housing Prices - GuanYu Hou, National Kaohsiung University of Science and Technology [Taiwan] 14:00-14:30 (30min)

› Pathway to Environmental Resilience: Analyzing Financial Dimensions to Curb Energy Security Risks - BEN ZAIED Younes, EDC Paris Business School - AFshan Sahar, Sunway University - YAcoob Tanzeela, University of Karachi 14:30-15:00 (30min)

13:30 - 15:00 (1h30)

Banking regulation and financial services

Parallel Session D1.2. Chair: Hiraga Kazuki, Nagoya City University (Japan)

› Augmenting small firm default risk prediction with bank transaction information - Vuong Minh Giang, Lille University Management Lab - ULR 4999 13:30-14:00 (30min)

› Prior Lending Relationships and the Effectiveness of Commitments in Sustainability-Linked Loans - Amine Tarazi, Université de Limoges, LAPE, Institut Universitaire de France 14:00-14:30 (30min)

› Interregional Flow of Funds in Japan via Loans and Deposits of Financial Institutions, and its Determinants - Kazuki Hiraga, Nagoya City University 14:30-15:00 (30min)

13:30 - 15:00 (1h30)

Corporate finance, IPOs, SEOs, M&A

Parallel Session D1.3. Chair: Kyojik Song, Sungkyunkwan University (Korea)

› Political risks and risky corporate financial assets - Kyojik Song, Sungkyunkwan University 13:30-14:00 (30min)

› The Real Estate Collateral Channel Revisited: Evidence from a Quasi-Natural Experiment in China - Xu Tin Chi, University of Macau 14:00-14:30 (30min)

› Sustainable Resilience under Asymmetric Systemic Stress in Global Equity Markets - Shalini Shalini, Indian Institute of Management Bodh Gaya, India 14:30-15:00 (30min)

15:00 - 15:30 (30min)

Coffee break

15:30 - 17:00 (1h30)

Banking regulation and financial services

Parallel Session D2.1. Chair: Sasha Molchanov, Massey University (New Zealand)

› Does the Non-Profit Motive Guarantee Better Customer Value? A Comparison of Customer-owned and Shareholder-owned Banks in Australia - Indeewari Colombage, The University of Western Australia 15:30-16:00 (30min)

› Systemic Risk and Bank Profitability: Unravelling the Global Banking Feedback Loop - Nikita Sharma, Indian Institute of Technology Delhi 16:00-16:30 (30min)

› Economic Policy Uncertainty Exposure and Corporate Investment Efficiency: Evidence from China - Sasha Molchanov, Massey University 16:30-17:00 (30min)

15:30 - 17:00 (1h30)

Financial markets, institutions, and money

Parallel Session D2.2. Chair: Yossi (Joseph) Yagil, Western Galilee Academic College (Israel)

› Effect of supply chain finance on supply chain trade - Thang Doan, Banking Academy of Vietnam 15:30-16:00 (30min)

› GOVERNMENT-SOURCED CATEGORICAL ECONOMIC POLICY UNCERTAINTY - Ha Oanh, National Economics University 16:00-16:30 (30min)

› Relative Tick Size and Low-latency Trading Activity - Wei-Huei Hsu, Massey University 16:30-17:00 (30min)