LFIS Lapland Financial Institutions Summit 2025 - Conference program
Participants Welcome to join to the official and social program of the sister conferences Lapland Household Finance Summit 2025 and Lapland Investment Fund Summit 2025.
Wednesday, March 19, 2025
Social program
GROUP A: Sauna and ice swimming (bring your own swimsuit, towels provided)
16:15 departure from Hotel Panorama & Break Sokos Hotel Levi
16:30-18:00 sauna & ice swimming
18:15 dinner at Restaurant Riihi (next to the saunas)
20:45 bus back to Hotel Panorama & Break Sokos Hotel Levi
OR
GROUP B: Snowshoeing along the Levi fell (suitable for beginners, equipment provided by organizers)
16:30 departure from Break Sokos Hotel Levi and 16:40 from Hotel Panorama
19:00 return to Hotel Panorama & Break Sokos Hotel Levi
20:45 departure to dinner from Hotel Panorama & Break Sokos Hotel Levi
21:00 dinner at Restaurant Riihi
bus back to Hotel Panorama & Break Sokos Hotel Levi
Thursday, March 20, 2025
08:45-09:00 Coffee
09:00-10:20 Session 1: Biodiversity Finance
Chair: Kari Heimonen (University of Jyväskylä)
Guardians of Biodiversity: Do Banks Care about Firm’s Biodiversity Risk?
Mengdie Deng (Lingnan College, Sun Yat-sen University), Tse-Chun Lin (HKU Business School, The University of Hong Kong)
Discussant: Sami Vähämaa, (University of Vaasa, Finland)
A biodiversity Stress Test of the Financial System
Sophia Arlt (Goethe University Frankfurt and Bundesbank), Tobias Berg (university of Frankfurt), Xander Hut (University of Frankfurt), Daniel Streitz (University of Frankfurt)
Discussant: Kari Heimonen, (University of Jyväskylä)
10:20-10:40 Break
10:40-12:40 Session 2: Financial Markets
Chair: Markku Kaustia (Aalto University)
Multi-Type Information Acquisition with Integer Trade Constraints
Hui Ou Yang (Cheung Kong Graduate School of Business), Weil Wu (Central University of Finance and Economics), Xingtan Zhang Mu (Cheung Kong Graduate School of Business)
Discussant: Cristian Tiu (University at Buffalo School of Management)
Bank Transparency, Assets and Liquidation Risks
Yehning Chen (National Taiwan University), Iftekar Hasan (Fordham University and Bank of Finland), Tuomas Takalo (Bank of Finland and Helsinki Graduate School of Economics)
Discussant: Daniel J. Barth (Board of Governors of the Federal Reserve System)
The Economics of Greenwashing Funds
Sean Cao (Robert Smith School of Business, University of Maryland), Yon Chen (Mays Business School, Texas A&M University), Han Xiao (School of Economics and Management, CUHK, Shenzhen), Alan Zhang (College of Business, Florida International University)
Discussant: Markku Kaustia (Aalto University)
12:40 Lunch
12:40-16:00 Possibility to enjoy the activities of Levi
16:00-17:20 Session 3: Financial Intermediation
Chair: Mikko Leppämäki (GSF, Aalto University)
The Implication of Faster Lending: Loan Processing Time and Corporate Cash Holdings
Vesa Pursiainen (University of St. Gallen and Swiss Finance Institute), Hanwen Sun (University of Bath), Qiong Wang (Southeast University), Guochao Yang (Zhongnan University of Economics and Law)
Discussant: Alexandra Matyuniana (Banco de Espana)
Financial Intermediary Funding Constraint and Segmented Markets: Evidence from SMCCF ETF Purchases
Samule J. Hempel (Federal Reserve Board), Dasol Kim (Office of Financial Research, US Department of the Treasury), Russ Wermers (Smith School of Business, University of Maryland, College Park)
Discussant: Karamfil Todorov (BIS)
19:00 Dinner
Restaurant KingCrab House, address: Mariankuja 6
Friday, March 21, 2025
08:45-09:00 Coffee
9:00-10:20 Session 4: Empirical Banking
Chair: Heikki Lehkonen (University of Jyväskylä)
Bank Specialization in Leding to New Firms
Diana Bonfim (Banco de Portugal, European Central Bank, Catolica Lisbon and CEPR), Ralph De Haas (European Bank for Reconstruction and Development, KU Leuven and CEPR), Alexandra Matyunina (Banco de Espana), Steven Ongena (University of Zurich, Swiss Finance Institute, KU Leuven, NTNU Business School and CEPR)
Discussant: Vesa Pursiainen (University of St. Gallen and Swiss Finance Institute)
European Banks are not Immune to National Elections
Zuzana Fungacova (Bank of Finland), Eeva Kerola (Bank of Finland), Laurent Weill (EM Strasbourg Business School, University of Strasbourg)
Discussant: Heikki Lehkonen (University of Jyväskylä)
10:20-10:40 Break
10:40-12:40 Session 5: International Capital
Chair: Sami Vähämaa (University of Vaasa)
ConvenantA1- New Insights into Convenant Violations
Anthony Saunders (NYU Stern School of Business), Sascha Steffen (Frankfurt School of Finance & Management, CEPR), Paulina M. Verhoff (Frankfurt School of Finance & Management)
Discussant: Han Xiao (School of Economics and Management, CUHK, Shenzhen)
Violent Conflict and Cross-Border Lending
Ralph DeHaas (European Bank for Reconstruction and Development, KU Leuven, and CEPR), Mikhail Mamonov (TBS Business School), Alexander Popov (European Central Bank and CEPR), Iliriana Shala (Deutsche Bundesbank and Goethe University)
Discussant: Denis Davydov (Hanken School of Economics)
12:40 Lunch and Adjourn
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LFIS belongs to activities of OP Research Foundation’s Research Group on Financial Institutions.
Organizers are thankful for financial support from OP Research Foundation, Foundation for Economic Education and Jenny and Antti Wihuri Foundation.
