As part of the process of globalisation, financing, or the lack of financing, for endeavours in the areas of environmental issues including climate finance and challenges associated implementating the principles of ESG, achieving the UN’s17 SDG objectives by 2030, will have direct and indirect impact on national, regional and global financial stability, individual and global financial security and global inclusive prosperity. The IGF has been working with the Asian Development Bank and the World Bank on the issues mentioned above, as well as on matters related to COVID-19 and the lessons learned for the potential future global pandemic's impact on the economy and financial stability. The IGF has published a significant work on issues related to the global pandemic with the World Bank.
The IGF has published several high impact research works and organised a number of international policy fora, in collaboration with the Asian Development Bank, that deal with the above issues, including climate change and climate finance. The IGF, in collaboration with the Asian Development Bank has promoted those policies that can develop more effective financial architecture for developing countries as well as financial policies that can accelerate the process of achieving UN SDGs by 2030. The IGF jointly published a book with the Asian Development Bank, on "Climate Change and Climate Finance: Current Experience and Future Directions" in September 2023.
The IGF has been collaborating with NYU Volatility and Risk Institute on matters concerning systemic risk and climate risk. Their partners at NYU have published influential research on issues related to global prosperity, as listed below, in 2024.
The IGF’s engagement and policy research with eminent researchers and joint work with the World Bank and the Asian Development Bank are part of the overall objectives of providing global leadership in factors that contribute to global inclusive financial prosperity, taking into account the culture and diversity of peoples and nations.
2024, Selected Research Work
Viral Acharya, Rob Engle, Maximilian Jager and Sascha Steffen Why Did Bank Stocks Crash During COVID-19?" Review of Financial Studies, Volume 37, Issue 9, September 2024, Pages 2627-2684, 2024
Viral Acharya, Richard Berner, Robert Engle, Hyeyoon Jung, Johannes Stroebel, Xuran Zeng and Yihao Zhao "Climate Stress Testing", Annual Review of Financial Economics, Vol. 15: 291-326, 2024
Viral Acharya, Timothy Johnson, Suresh Sundaresan and Steven Zheng, (2024), "Vaccine Progress, Stock Prices, and the Value of Ending the Pandemic", Management Science, Vol, 71, June.
2023 Selected Research Work
Fišar, M., Greiner, B., Huber, C., Katok, E., Ozkes, A. I., Sojli, E., & Tham, W. W. (2023). Reproducibility in Management Science. Management Science.
Guo, L., Kong, J., & Masulis, R. W. (n.d.). Do Employee Interests Affect Target Board Decisions About Acquisition Offers? Evidence from Changes in Unemployment Insurance. Management Science. doi:10.1287/mnsc.2022.01379
Li, H., Liu, H., Tang, Q., & Yuan, Z. (2023). Pricing extreme mortality risk in the wake of the COVID-19 pandemic. Insurance: Mathematics and Economics, 108, 84-106.
2022 Selected Research Work
Jevglevskaja, N., & Buckley, R. P. (2022), The Consumer Data Right: How to Realise This World-Leading Reform, University of New South Wales Law Journal, 45(4), pp. 1589-1622.
Koh, P. -S., Reeb, D., Sojli, E., Tham, W. W., & Wang, W. (2022), Deleting unreported innovation, Journal of Financial and Quantitative Analysis.
Mukherjee, A., Panayotov, G., Sen, R., Dutta, H., & Ghosh, P. (2022), Measuring vaccine effectiveness from limited public health datasets: Framework and estimates from India’s second COVID wave, Science Advances, 8(18).
Nguyen, J. H., Pham, P., & Qiu, B. (2022), Proprietary Knowledge Protection and Product Market Performance, Journal of Financial and Quantitative Analysis.
2021 Selected Reserach Work
Dou, Y., & Xu, Z. (2021), Bank Lending and Corporate Innovation: Evidence from SFAS 166/167*, Contemporary Accounting Research, 38(4), pp. 3017-3052.
Hsu, P. -H., Huang, P., Humphery-Jenner, M., & Powell, R. (2021), Cross-border Mergers and Acquisitions for Innovation, Journal of International Money and Finance: theoretical and empirical research in international economics and finance, 112.
Islam, E., Rahman, L., Sen, R., & Zein, J. (2021), Eyes on the Prize: Do Industry Tournament Incentives Shape the Structure of Executive Compensation?, Journal of Financial and Quantitative Analysis.
Liu, C., Masulis, R. W., & Stanfield, J. (2021), Why CEO option compensation can be a bad option for shareholders: Evidence from major customer relationships, Journal of Financial Economics, 142(1), pp. 453-481.
Mercurio, B., Buckley, R., & Fu, E. J. (2021), The legitimacy of capital controls during a retreat from globalisation, International and Comparative Law Quarterly, 70(1), pp. 59-101.
Payzan-LeNestour, E., Pradier, L., Doran, J., Nave, G., & Balleine, B. (2021), Impact of ambient sound on risk perception in humans: neuroeconomic investigations, Scientific reports, 11(1), p. 5392.
Sojli, E., Tham, W. W., Bryant, R., & McAleer, M. (2021), COVID-19 restrictions and age-specific mental health—U.S. probability-based panel evidence, Translational Psychiatry, 11(1).
Srivastava, S., Heim, A. B., Yoho, R., Moore, E. B., Richter, W. E., Strielkowski, W., Cao, B. (2021), Imagining a teaching utopia, Science, 374(6563), p. 31.
2020 Selected Research Work
Cortés, K. R., Glover, A. S., & Tasci, M. (2020), The Unintended Consequences of Employer Credit Check Bans for Labor Markets, The Review of Economics and Statistics.
Fong, K., Krug, J. D., Leung, H., & Westerholm, J. P. (2020), Determinants of household broker choices and their impacts on performance, Journal of Banking and Finance, 112.
Liang, H., Renneboog, L., & Vansteenkiste, C. (2020), Cross-border acquisitions and employment policies, Journal of Corporate Finance, 62, p. 102320.
