Conference Programme

Morning Session

Welcome: 10:00
Fabrizio D’Ascenzo (Sapienza University of Rome)
Livio de Santoli (Sapienza University of Rome)
Roberto Pasca (Unitelma Sapienza)
Mario La Torre (Sapienza University of Rome)

Keynote Speech: 10:30
Zivko Bergant, College for Accountancy and Finance, Ljubljana, Slovenia

Break: 11:15-11:30

Papers Presentation
Session A Sustainable Finance, Regulation and Public Sector: 11:30-12:30
Chair: Roberto Pasca (Unitelma Sapienza)

  • MICROCREDIT REGULATION AS AN INSTRUMENT TO PROMOTE INTEGRAL AND SUSTAINABLE DEVELOPMENT
    Presenter: Andressa Oliveira (Brazil – Pontifícia Universidade Católica do Paraná – PUCPR)
    Authors: Andressa Oliveira
    Discussant: Francesco Salustri (UK – University College London)
  • Sustainable Finance in Public Administration in Europe: a Systematic Literature Review
    Presenter: Jenny Salazar (Italy – University of Rome Sapienza)
    Authors: Alessia Palma, Mario La Torre, Jenny Daniela Salazar Zapata, Sabrina Leo
    Discussant: Andressa Oliveira (Brazil – Pontifícia Universidade Católica do Paraná – PUCPR)
  • A Model in Public Sustainable Expenditure
    Presenter: Francesco Salustri (UK – University College London)
    Authors: Mario La Torre, Francesco Salustri, Jenny Salazar, Lorenzo Semplici
    Discussant: Roberto Pasca Di Magliano (Italy – Unitelma Sapienza University of Rome)
  • THE ROLE OF PUBLIC POLICY IN THE DEVELOPMENT OF PAYMENT BY RESULTS INSTRUMENTS
    Presenters: Filippo Montesi (Social Impact Agenda per l’Italia), Michela Pesavento (Social Impact Agenda per l’Italia)
    Authors: Filippo Montesi, Michela Pesavento
    Discussant: Jenny Salazar (Italy – University of Rome Sapienza)

Session B Sustainable Finance, Risks and Performance: 11:30-12:30
Chair: Marta De La Cuesta (Uned)

  • Circular economy impact analysis on stock performances through an ESG-based approach for preselecting equity portfolios: an empirical comparison with the EURO STOXX 50® ESG INDEX
    Presenters: Fabiomassimo Mango (Italy – University of Rome Sapienza), Cosimo Paccione
    Authors: Fabiomassimo Mango, Donato Morea, Mavie Cardi, Lucilla Bittucci, Cosimo Paccione
    Discussant: Susana Martinez Meyers (Spain – Universidad Jaume I)
  • Corporate financial performance and ESG performance: which one leads European banks?
    Presenter: Ida Claudia Panetta (Italy – University of Rome Sapienza)
    Authors: Mario La Torre, Sabrina Leo, Ida Claudia Panetta
    Discussant: Susana Martinez Meyers (Spain – Universidad Jaume I)
  • The impact of ESG in Food and Beverages firms’ financial performance: a worldwide analysis
    Presenter: Andrea Roncella (Italy – University Cattolica del Sacro Cuore)
    Authors: Carlo Bellavite Pellegrini, Claudia Cannas, Pellegrini Laura, Andrea Roncella
    Discussant: Ida Claudia Panetta (Italy – University of Rome Sapienza)
  • IS PERFORMANCE THE KEY ISSUE IN SRI FUNDS? CONCLUSIONS AND LESSONS LEARNED FROM THREE DECADES OF STUDIES
    Presenter: Susana Martinez Meyers (Spain – Universidad Jaume I)
    Authors: Susana Martinez Meyers, María Jesús Muñoz-Torres, Idoya Ferrero Ferrero
    Discussant: Fabiomassimo Mango (Italy – University of Rome Sapienza)

Session C Sustainable Finance, Products and Platforms: 12:30-13:30
Chair: Giuseppe Torluccio (Università di Bologna)

  • Impact investing and the closely related financial instruments: a bibliometric analysis
    Presenters: Helen Chiappini (Italy – University G. D’Annunzio of Chieti-Pescara), Raja Nabeel-Ud-Din Jalal (Italy – University G. D’Annunzio of Chieti-Pescara)
    Authors: Giuliana Birindelli, Helen Chiappini, Raja Nabeel-Ud-Din Jalal , Nicoletta Marinelli
    Discussant: Lavinia Pastore (Italy – University of Rome Tor Vergata)
  • Collaboration or Community? The impact of the institutional forces in promoting social crowdfunding
    Presenter: Marilena Bredice (Italy – University of Molise)
    Authors: Antonio Minguzzi, Michele Modina, Stefano Filomeni, Marilena Bredice
    Discussant: Susana Martinez Meyers (Spain – Universidad Jaume I)
  • SRI FUNDS AND THEIR TRUE NATURE: DO SRI FUNDS DO THE “TALK” AND THE “WALK”?
    Presenter: Susana Martinez Meyers (Spain – Universidad Jaume I)
    Authors: Susana Martinez Meyers, Idoya Ferrero Ferrero , María Jesús Muñoz-Torres
    Discussant: Helen Chiappini (Italy – University G. D’Annunzio of Chieti-Pescara)

Session D Sustainable Finance and Impact Measurement: 12:30-13:30
Chair: Helmut Kramer-Eis (EIF)

  • UniCredit Social Impact Banking: insights from a best practice on social impact measurement
    Presenter: Grazia Onorato (University of Bari Aldo Moro)
    Authors: Grazia Onorato, Stefano Dell’Atti, Annarita Trotta, Antonia Patrizia Iannuzzi, Daniela Grassi, Filippo Montesi
    Discussant: Eugenia Strano (Italy – University of Catanzaro Magna Graecia)
  • How to measure the social impact of impact investments? Evaluating the application of the synthetic control method in impact measurement
    Presenter: Sina Sauer (Centre for Social Investment (CSI), Heidelberg University, Germany)
    Authors: Sina Sauer, Rahel Becker
    Discussant: Eugenia Strano (Italy – University of Catanzaro Magna Graecia)
  • IMPACT INVESTMENT MEASUREMENT: BRIDGING RESEARCH AND PRACTICE
    Presenter: Eugenia Strano (Italy – University of Catanzaro Magna Graecia)
    Authors: Eugenia Strano, Alessandro Rizzello , Annarita Trotta
    Discussant: Hazal Kopal (Italy – Polytechnic of Milan)
  • The role of Artificial Intelligence in impact measurement process in the future of sustainable investing
    Presenter: Hazal Kopal (Italy – Polytechnic of Milan)
    Authors: Hazal Kopal, Mario Calderini, Irene Bengo, Leonardo Boni

 

Afternoon Session

Keynote Speech: 14:30
Magda Ziolo (University of Szczecin, Poland)

Papers Presentation
Session E Sustainable Finance and Impact Investing: 15:00-16:30
Chair: Gianfranco Vento (Marconi University)

  • The social return on investment model: a systematic literature review
    Presenter: Lavinia Pastore (Italy – University of Rome Tor Vergata)
    Authors: Lavinia Pastore, Luigi Corvo, Marco Mastrodascio, Denita Cepiku
    Discussant: Rosalia Santulli (Italy – University of Genova)
  • How to Attract Professional Investors in Developing Countries? An Evidence-based Structure for Development Impact Bonds
    Presenters: Carmen Gallucci (Italy – University of Salerno), Rosalia Santulli (Italy – University of Genova)
    Authors: Carmen Gallucci, Alfonso Del Giudice, Rosalia Santulli
    Discussant: Lavinia Pastore (Italy – University of Rome Tor Vergata)
  • THE PUZZLE OF SUSTAINABLE INVESTORS: THE CASE OF SOCIAL IMPACT BONDS
    Presenter: Maria Mazzuca (Italy – University of Calabria)
    Authors: Maria Mazzuca, Sabrina Ruberto, Elena Panzera, Rachele Hyerace
    Discussant: Milena Migliavacca (Italy – University Cattolica del Sacro Cuore)
  • Mapping Impact Investing: a bibliometric analysis
    Presenter: Milena Migliavacca (Italy – University Cattolica del Sacro Cuore)
    Authors: Milena Migliavacca, Ritesh Patel, Andrea Paltrinieri, John W. Goodell
    Discussant: Maria Mazzuca (Italy – University of Calabria)
  • The inter-organisational relationship between impact investors and investees: an analysis of investors’ commitment to impact creation
    Presenter: Chiara Cremasco (Italy – Polytechnic of Milan)
    Authors: Chiara Cremasco, Leonardo Boni, Mario Calderini, Irene Bengo
    Discussant: n.a.

Session F Sustainable Finance, Business Models and Gender Equality: 15:00-16:30
Chair: Elena Escrig Olmedo (Universitat Jaume I)

  • Exit vs voice
    Presenter: Eleonora Broccardo (Italy – University of Trento)
    Authors: Eleonora Broccardo, Oliver D. Hart, Luigi Zingales
    Discussant: n.a.
  • Dona Empren: social impact investments for vulnerable women.
    Presenter: Isabel Gimenez (Universitat de València)
    Authors: Isabel Gimenez
    Discussant: Andrea Paltrinieri (Italy – University Cattolica del Sacro Cuore)
  • The religious fringe of Corporate Social Responsibility
    Presenter: Andrea Paltrinieri (Italy – University Cattolica del Sacro Cuore)
    Authors: Andrea Paltrinieri, M. Kabir Hassan, Laura Chiaramonte, Alberto Dreassi, Stefano Piserà
    Discussant: Arturo Cafaro (Italy – University of Rome Sapienza)
  • Conceptualizing the NGO’s role in Business Models for Sustainability in developing countries
    Presenter: Francesca Nugnes (UK – University of York)
    Authors: Francesca Nugnes, Arun Kumar, Ashley Metz, Federica Angeli
    Discussant: Arturo Cafaro (Italy – University of Rome Sapienza)
  • Women empowerment quid? Reflection on the definitional and measurement consensus
    Presenter: Nzanzu Y’Ise Kivalya (Belgium – Université de Mons)
    Authors: Nzanzu Y’Ise Kivalya
    Discussant: Latifah Baeshen (UK – University of Essex)
  • Financial Inclusion and the Gender Gap across Islamic and non-Islamic Countries
    Presenter: Latifah Baeshen (UK – University of Essex)
    Authors: Latifah Baeshen
    Discussant: Nzanzu Y’Ise Kivalya (Belgium – Université de Mons)

Session G ESG factors and Non-Financial Information: 16:30-17:30
Chair: Donato Morea (University of Cagliari)

  • Change my ESG history: ESG Score Management by ex-post Additions
    Presenter: Samuel Drempetic (University of Kassel)
    Authors: Samuel Drempetic, Andreas Hoepner, Christian Klein
    Discussant: Mavie Cardi (Italy – Link Campus University Rome)
  • ESG Ratings in the Financial Sector: a Systematic Literature Review
    Presenter: Mavie Cardi (Italy – Link Campus University Rome)
    Authors: Mario La Torre, Mavie Cardi, Sabrina Leo, Jacopo Schettini Gherardini
    Discussant: Donato Morea (Italy – University of Cagliari)
  • DISCLOSURE ON CLIMATE-RELATED RISKS IN THE INSURANCE SECTOR
    Presenter: Maria Mazzuca (Italy – University of Calabria)
    Authors: Maria Mazzuca, Damiana Costanzo, Eleonora Cino, Valentina Feraco, Francesca Forciniti, Angela Coscarelli
    Discussant: Samuel Drempetic (University of Kassel)

Session H Sustainable Finance, Environmental and Pandemic Emergency: 16:30-17:30
Chair: Claudia Pasquini (ABI)

  • Socially responsible banking: Weathering the COVID-19 storm
    Presenter: Stefano Piserà (Italy – University of Udine)
    Authors: Stefano Piserà, Laura Chiaramonte, Claudia Girardone, Alberto Dreassi
    Discussant: Francesco D’ercole (Italy – University LUM Jean Monnet)
  • CATASTROPHE BONDS: A MITIGATION OPPORTUNITY IN TURMOIL PERIOD?
    Presenters: Francesco D’ercole (Italy – University LUM Jean Monnet), Domenico Frascati (n.a.)
    Authors: Massimo Mariani, Alessandra Caragnano , Francesco D’Ercole, Raffaele Didonato , Domenico Frascati
    Discussant: Luca Bellardini (Italy – Bocconi University)
  • National Recovery and Resilience Plan (NRRP), energy transition and climate change: An alternative incentive mechanism for an efficient allocation of public resources
    Presenter: Lucilla Bittucci (Italy – University of Rome Sapienza)
    Authors: Lucilla Bittucci, Donato Morea, Arturo Cafaro, Fabiomassimo Mango, Pina Murè, Stefano Marzioni
    Discussant: Luca Bellardini (Italy – Bocconi University)
  • CIRCULAR ECONOMY, STOCK VOLATILITY,?AND RESILIENCE TO THE COVID-19 SHOCK: EVIDENCE FROM EUROPEAN COMPANIES
    Presenter: Claudio Zara (Italy – Bocconi University)
    Authors: Claudio Zara, Luca Bellardini, Margherita Gobbi
    Discussant: Stefano Piserà (Italy – University of Udine)

Palgrave Macmillan Desk: 17:30-17:45

Tula Weis (Palgrave Mcmillan)

Closing Remarks: 17:45-18:00

Morning Session

Welcome: 10:00

Sergio Barile (Sapienza University of Rome)
Riccardo Graziano (Ente Nazionale per il Microcredito)
Mario La Torre (Sapienza University of Rome)
Marco Spallone (CASMEF Luiss-Guido Carli)

Institutional Session A: Sustainable Finance and Mutual Banks

Keynote Speech: 10:30

Alberta Menicucci (Banca d’Italia)

ABI Survey: 11:00

Angela Tanno (ABI)

Round Table: 11:15-12:30

Chair: Luigi Avogadro (Luigi Luzzatti S.p.A.)
Matteo Cidda (Banco BPM)
Veronica Bertollini (Banca di Credito Popolare)
Claudio Rosario Nassisi (Banca Popolare Pugliese)
Chiara Tripiciano (Banca Popolare di Sondrio)
Jacopo Schettini (Standard Ethics)

 

Afternoon Session

Institutional Session B: Sustainable Finance: Financial Markets and Asset Managers

Keynote Speech: 14:30
Chiara Mosca (Consob)

State of the Art and Market Horizons: 15:00 – 15:30

Manuela Mazzoleni (Assogestioni)
Isabel Reuss (Forum per la Finanza Sostenibile)

Round Table: 15:30-16:45

Chair: Nicoletta Marinelli (Università di Macerata)
Sergio Catalano (Investire SGR)
Manuela Cedarmas (InvestCorp-Tages)
Riccardo Ceretti (Arca SGR)
Simone Chelini (Fideuram SGR)
Marco Ghilotti (Pictet Asset Managment)
Francesca Sesia (BlackRock)

MCC Best Paper Awards 2021: 16:45-17:15

Closing Remark and Agenda 2022: 17:15-17:30