Dear All,

We hope you are doing well. This is a reminder for our next PhD-EVS seminar this Thursday (30/03). Our presenter is Shuang Chen (Swiss Finance Institute and Università della Svizzera italiana), presenting: " Green Investors and Green Transition Efforts: Talk the Talk or Walk the Walk?".

The seminars take place every Thursday at 4:00 pm London | 11:00 am New York (EST) | 8:00 am California (PDT) | 8:30 pm New Delhi | 7:00 pm Abu Dhabi | 5:00 pm Brussels.

You can find the abstract of the paper below:
Are green investors investing in activities that actually benefit the environment or only claim to benefit it? I answer this question by testing the relationship between investor decisions and a firm's substantive green transition (i.e., walk) or communication of a green corporate image (i.e., talk). I propose a novel approach to measure walk and talk separately by applying natural language processing to online job postings. Since walk and talk require workers to specialize in different tasks, I use a firm's demand for walk-relevant workers as a proxy for its efforts on walk, and the same goes for talk. I document firms that talk more are assigned a better environmental rating and are held by more sustainable funds, keeping the walk level fixed. A higher level of talk correlates with a higher increase in the number of institutional investors holding the firm's stock and predicts a significantly higher stock return, while a higher level of walk does not. These findings show that green investors' portfolio choices are sensitive to a firm's talk, potentially deviating from their goal of supporting substantive green transition.

We will email you the Zoom link and the password on the day of the seminar.

Dear All,

Please find the link for today's presentation attached below.

Today we have Shuang Chen (Swiss Finance Institute) presenting "Green Investors and Green Transition Efforts: Talk the Talk or Walk the Walk?".

Topic: PhD-EVS: Shuang Chen
Time: March 30, 2023 04:00 PM London

Join Zoom Meeting: https://bham-ac-uk.zoom.us/j/83247355284

Meeting ID: 832 4735 5284

After you click on the link you will be placed in the waiting room until the presentation starts. 

Dear Participants,

We wish you a wonderful Spring break. There will not be more PhD-EVS seminars until April 20th. We are excited to continue our discussions and learning together after Spring break.

As a reminder, our next session will be on Thursday (20/04). Our presenter is Matteo Broso (Collegio Carlo Alberto-University of Turin), presenting: "Pleasing Voters and Making Money: a Public Firm's Business."

The seminars take place every Thursday at 4:00 pm London | 11:00 am New York (EST) | 8:00 am California (PDT) | 8:30 pm New Delhi | 7:00 pm Abu Dhabi | 5:00 pm Brussels.

You can find the abstract of the paper below:
"A partially privatized public firm competes with a private one in a game of endogenous product differentiation. The public firm maximizes the median voter's utility, miming the result of a majority voting competition. In the market equilibrium: (i) the public firm's profits may exceed those of its private competitor; (ii) the socially optimal degree of privatization is interior. I introduce regulation and consumption externalities to study how the optimal privatization policy depends on the market structure."

We will email you the Zoom link and the password on the day of the seminar.

For more information on the upcoming seminars, please check out our website:
https://sites.google.com/view/phd-evs2020/home?authuser=0

Dear All,

We hope you are doing well. This is a reminder for our next PhD-EVS seminar this Thursday (20/04). Our presenter is Matteo Broso (Collegio Carlo Alberto- University of Turin), presenting: "Pleasing Voters and Making Money: a Public Firm's Business".

The seminars take place every Thursday at 4:00 pm London | 11:00 am New York (EST)  | 8:00 am California (PDT) | 8:30 pm New Delhi | 7:00 pm Abu Dhabi | 5:00 pm Brussels.

You can find the abstract of the paper below:
A partially privatized public firm competes with a private one in a game of endogenous product differentiation. The public firm maximizes the median voter's utility, miming the result of a majority voting competition. In the market equilibrium: (i) the public firm's profits may exceed those of its private competitor; (ii) the socially optimal degree of privatization is interior. I introduce regulation and consumption externalities to study how the optimal privatization policy depends on the market structure.

We will email you the Zoom link and the password on the day of the seminar. 

For more information on the upcoming seminars, please check out our website:
https://sites.google.com/view/phd-evs2020/home?authuser=0

Dear All,


Please find the link for today's presentation attached below.



Today we have Matteo Broso (University of Turin) presenting "Pleasing Voters and Making Money: a Public Firm's Business".



Topic: PhD-EVS: Matteo Broso
Time: April 20, 2023 04:00 PM London

Join Zoom Meeting: https://wu-ac-at.zoom.us/j/66921863266?pwd=Mmc5VmxFSnJvUk50WTVqK1RMQm5SQT09

Dear All,

We hope you are doing well. This is a reminder for our next PhD-EVS seminar this Thursday (27/04). Our presenter is Sun Yong Kim (Northwestern University), presenting: "Global Footprint of US Fiscal Policy".

The seminars take place every Thursday at 4:00 pm London | 11:00 am New York (EST) | 8:00 am California (PDT) | 8:30 pm New Delhi | 7:00 pm Abu Dhabi | 5:00 pm Brussels.

You can find the abstract of the paper below:

Like US monetary policy, US fiscal policy has a formidable global footprint: deteriorations in the US fiscal condition i) coincide with depressed global risky asset valuations and ii) predicts higher future global equity returns moving forward. This global footprint is unique to the US: after appropriately controlling for the US fiscal condition, foreign fiscal conditions play a limited role in price determination, even for their own local asset markets. To explain these striking results, I build a model that emphasises the special US role as the global innovation leader. This enables the US fiscal policy to exert an outsized influence over i) global growth prospects, ii) global policy uncertainty and consequently iii) global risk premia through its distortionary impact on global innovation. Key model implications are empirically confirmed. Taken together, the model sheds new light on the sources of US specialness driving global financial markets, suggesting that it extends far beyond the dollar's global reserve currency status to include her leadership role in the global economy, a perspective that has received surprisingly little emphasis thus far.

We will email you the Zoom link and the password on the day of the seminar.

For more information on the upcoming seminars, please check out our website:
https://sites.google.com/view/phd-evs2020/home?authuser=0

Dear All,


Please find the link for today's presentation attached below.



Today we have Sun Yong Kim (Northwestern University) presenting "Global Footprint of US Fiscal Policy".



Topic: PhD-EVS: Sun Yong Kim
Time: April 27, 2023 04:00 PM London

Join Zoom Meeting: https://bham-ac-uk.zoom.us/j/83610409756

Meeting ID: 836 1040 9756

After you click on the link you will be placed in the waiting room until the presentation starts.

Dear All,

We hope you are doing well. This is a reminder for our next PhD-EVS seminar this Thursday (04/05). Our presenter is Sanghyun Park (Geneva Graduate Institute/WTO), presenting: "Political Distortion in Spatial Development: Evidence from South Korea".

The seminars take place every Thursday at 4:00 pm London | 11:00 am New York (EST)  | 8:00 am California (PDT) | 8:30 pm New Delhi | 7:00 pm Abu Dhabi | 5:00 pm Brussels.

You can find the abstract of the paper below:
The decisions on place-based infrastructure development can be influenced by the vested interests of policymakers. This paper investigates the role of politicians’ rent-seeking behavior in shaping urban development, with a focus on South Korea. Specifically, I examine the suspicion that infrastructure projects are more likely to be announced near politicians’ real estate assets, with the aim of inflating the prices of neighboring properties. To test this hypothesis, the publicly disclosed wealth data of South Korean politicians is analyzed. The results indicate that the distribution of politicians’ assets tends to cluster around future development sites. To establish causality, a regression discontinuity design (RDD) analysis is conducted using close-election results. The RDD regression results suggest that the proximity of winning politicians’ real estate assets within 1 km has a 5.7 percent higher probability of seeing an urban development project announced within five years after the close elections, compared to the proximity of runner-ups’ assets within 1 km. These findings provide evidence that politicians’ rent-seeking behavior may influence the evolution of urban development.

We will email you the Zoom link and the password on the day of the seminar. 

Dear All,

Please find the link for today's presentation attached below.

Today we have Sang Hyun Park (IHEID/WTO) presenting "Political Distortion in Spatial Development: Evidence from South Korea".

Topic: PhD-EVS: Sang Hyun Park
Time: May 4, 2023 04:00 PM London

Join Zoom Meeting: https://bham-ac-uk.zoom.us/j/86578472071?pwd=SkFEL0g0VDh6RnMyNHFaMm9HMGxuUT09

Dear All,

We hope you are doing well. This is a reminder for our next PhD-EVS seminar this Thursday (11/05). Our presenter is Marco Santorsola (Drexel University & University of Bari), presenting: "The role of risk and trust attitudes in explaining individual energy affordability perception: Evidence from Europe".

The seminars take place every Thursday at 4:00 pm London | 11:00 am New York (EST)  | 8:00 am California (PDT) | 8:30 pm New Delhi | 7:00 pm Abu Dhabi | 5:00 pm Brussels.

You can find the abstract of the paper below:
This study aims to examine the factors that affect individuals' perceptions of the affordability of residential energy in a sample of Europeans. Using data from the European Social Survey (ESS) – round 8 (2016), we conducted an OLS to analyze the relationships between energy affordability perception and risk and trust attitudes. The results indicate that trust, particularly trust in politicians, is a significant factor in shaping individuals' perceptions of energy affordability. The impact of risk attitudes is largely mediated by social attitudes and socio-economic characteristics. Overall, this study suggests that trust may be an important factor influencing household energy consumption and perceptions of energy affordability.

We will email you the Zoom link and the password on the day of the seminar. 

For more information on the upcoming seminars, please check out our website:
https://sites.google.com/view/phd-evs2020/home?authuser=0

Dear All,

We hope you are doing well. This is a reminder for our next PhD-EVS seminar this Thursday (18/05). Our presenter is Narbadeshwar Mishra (IFMR GSB, Krea University), presenting: "Does Nutrition Provisioning Impact Educational and Learning Outcomes of Adolescent Girls? Empirical Evidence from India".

The seminars take place every Thursday at 4:00 pm London | 11:00 am New York (EST)  | 8:00 am California (PDT) | 8:30 pm New Delhi | 7:00 pm Abu Dhabi | 5:00 pm Brussels.

You can find the abstract of the paper below:
While extensive literature is available on the impact of the early childhood nutritional food program, little we know about the nutritious food provision at a later stage. Our paper examines the causal effect of one such program. In late 2010, the central government of India introduced the Rajiv Gandhi Scheme for Empowerment of Adolescent Girls (SABLA) for adolescent girls aged 11-18. The implementation of the program provides us with ample variation in the treatment. Using multiple nationally representative datasets, we employ the difference in differences technique to estimate the causal impact of the program on the educational and learning outcomes of potentially treated adolescent girls. Our results reveal that the program significantly improves enrollment status. However, improvement in the learning outcomes (reading ability and math skills) is at the basic level. We identify the significant improvement in the programs’ potential recipient health status (BMI and weight) and the increase in the child-specific educational expenditure as the possible mediating channels causing these effects. Our findings also suggest that the impact is vital for those who get early access to the program. This implies that government should focus on providing nutritious food in early childhood, rather than later, for the overall development of children. Our findings are consistent across different datasets, tested against potential confounding factors, and are robust to alternative specifications.

Dear All,


Please find the link for today's presentation attached below.



Today we have Narbadeshwar Mishra (IFMR GSB, Krea University) presenting "Does Nutrition Provisioning Impact Educational and Learning Outcomes of Adolescent Girls? Empirical Evidence from India".



Topic: PhD-EVS: Narbadeshwar Mishra
Time: May 18, 2023 04:00 PM London

Join Zoom Meeting: https://bham-ac-uk.zoom.us/j/82958752131

Meeting ID：829 5875 2131

Dear All,

Please find the link for today's presentation attached below.

Today we have Ritika Sethi (Rice University) presenting "Can Desegregation Close The Racial Gap in High School Coursework?".

Topic: PhD-EVS: Ritika Sethi
Time: June 1, 2023 04:00 PM London

Join Zoom Meeting: https://wu-ac-at.zoom.us/j/61503277361?pwd=TmZSbDlySE94dE5iMmNDNmxxTlo4UT09

Dear All,

We hope you are doing well. This is a reminder for our next PhD-EVS seminar this Thursday (15/06). Our presenter is Xinming Du (Columbia University), presenting: "Trade the Environment for Economics? China's Pollution Responses to the 2018 Trade War".

The seminars take place every Thursday at 4:00 pm London | 11:00 am New York (EST)  | 8:00 am California (PDT) | 8:30 pm New Delhi | 7:00 pm Abu Dhabi | 5:00 pm Brussels.

You can find the abstract of the paper below:

This paper explores the impact of the 2018 China-U.S. trade war on air pollution in China. On one hand, trade shock may decrease economic output and air pollution. On the other hand, China's recent policy emphasis on pollution control may be redirected to economic growth. Local governments may relax the enforcement of environmental policies, which leads to an increase in air pollution. Using HS8-product-country level export data, we find that the trade war has no effect on China's total exports due to a destination country shift from the U.S. to other countries. We then construct city-level tariff exposure and compare the pollution in highly and lowly attacked cities. We find that the trade war increased air pollution in 2019. As the tariff burden increases by 1%, SO2 and PM2.5 increase by 1.7% and 0.9%, respectively. We conclude that the trade war leads to lenient environmental policies while having minimal effect on China's economic activity.

Dear All,


Please find the link for today's presentation attached below.



Today we have Xinming Du (Columbia University) presenting "Trade the Environment for Economics: China's Pollution Responses to the 2018 Trade War".



Topic: PhD-EVS: Xinming Du
Time: June 15, 2023 04:00 PM London

Join Zoom Meeting: https://bham-ac-uk.zoom.us/j/88539583390?pwd=YVhBM0daa0pYMHpxWE8xZkdnNHUzdz09

Meeting ID: 885 3958 3390
Passcode: 961650

Dear All,

Please find the link for today's presentation attached below.

Today we have Despoina Gavresi (University of Ioannina) presenting "Population Aging and the Rise of Populist Attitudes in Europe".

Topic: PhD-EVS: Despoina Gavresi
Time: June 22, 2023 04:00 PM London

Join Zoom Meeting: https://bham-ac-uk.zoom.us/j/84534430808

Meeting ID: 845 3443 0808

After you click on the link you will be placed in the waiting room until the presentation starts. 

Dear All,

Please find the link for today's presentation attached below.

Today we have Sun Yong Kim (Northwestern University) presenting "Global Footprint of US Fiscal Policy".

Topic: PhD-EVS: Sun Yong Kim
Time: July 7, 2023 04:00 PM London

Join Zoom Meeting: https://bham-ac-uk.zoom.us/j/88522503391

Meeting ID: 885 2250 3391

After you click on the link you will be placed in the waiting room until the presentation starts. 

Dear All,


Please find the link for today's presentation attached below.



Today we have Santiago Hermo (Brown University) presenting "Collective Bargaining Networks, Rent-sharing, and the Propagation of Shocks".



Topic: PhD-EVS Seminar: Santiago Hermo
Time: Nov 9, 2023 16:00 London

Join Zoom Meeting
https://riceuniversity.zoom.us/j/91312513032?pwd=YndycnJEaFkzTUtKakJaZUk1MmxKUT09

Dear All,


Please find the link for today's presentation attached below.



Today we have Alberto Hidalgo (IMT School of Advanced Studies Lucca) presenting "Your Room is Ready: Tourism and Urban Revival".



Topic: PhD-EVS Seminar: Alberto Hidalgo
Time: Nov 16, 2023 16:00 London

Join Zoom Meeting
https://riceuniversity.zoom.us/j/94921390587?pwd=SGpjU3l2VHc5enhJdG0wbk04N2tNdz09

Meeting ID: 949 2139 0587
Passcode: 102576