October 13, 2025
Paper: Pankratz, Nora MC, and Christoph M. Schiller. "Climate change and adaptation in global supply-chain networks." The Review of Financial Studies 37.6 (2024): 1729-1777.
Host: Lishu Zhang | Slides
2025
October 13, 2025
September 26, 2025
Paper: Martin, Julien et al.. "Underbidding for Oil and Gas Tracts." American Economic Review, 2025.
Host: Hulai Zhang | Slides
September 15, 2025
Paper: Feldhütter, Peter, and Lasse Heje Pedersen. "Is Capital Structure Irrelevant with ESG Investors?." Review of Financial Studies, 2024.
Host: Lishu Zhang | Slides
September 8, 2025
Paper: Jha, Akshaya, and Gordon Leslie. "Start-up costs and market power: Lessons from the renewable energy transition." American Economic Review 115.2 (2025): 690-724.
Host: Dongchen He | Slides
Paper: Bhattacharya, Vivek, Andrey Ordin, and James W. Roberts. "Bidding and drilling under uncertainty: An empirical analysis of contingent payment auctions." Journal of Political Economy 130.5 (2022): 1319-1363.
Host: Hulai Zhang | Slides
August 11, 2025
Paper: Kruttli, Mathias S., Brigitte Roth Tran, and Sumudu W. Watugala. "Pricing Poseidon: Extreme weather uncertainty and firm return dynamics." Journal of Finance 80.2 (2025): 783-832.
Host: Lishu Zhang | Slides
August 4, 2025
Paper: Alexander, Diane, and Hannes Schwandt. "The impact of car pollution on infant and child health: Evidence from emissions cheating." Review of Economic Studies 89.6 (2022): 2872-2910.
Host: Dongchen He | Slides
July 28, 2025
Paper: Vreugdenhil, Nicholas. "Booms, busts, and mismatch in capital markets: Evidence from the offshore oil and gas industry." Journal of Political Economy, 2025.
Host: Hulai Zhang | Slides
July 22, 2025
Paper: Liu, Ernest, Atif Mian, and Amir Sufi. "Low interest rates, market power, and productivity growth." Econometrica 90.1 (2022): 193-221.
Host: Shengyu Li | Slides
July 14, 2025
Paper: Liu, Ernest, et al. "Supply Chain Disruptions, Supplier Capital, and Financial Constraints." Working Paper, 2025.
Host: Lishu Zhang | Slides
July 7, 2025
Paper: Asker, John et al.. "(Mis)Allocation, Market Power, and Global Oil Extraction." American Economic Review, 2019.
Host: Shengyu Li | Slides
June 24, 2025
Paper: Boomhower, Judson. "Drilling like there's no tomorrow: Bankruptcy, insurance, and environmental risk." American Economic Review 109.2 (2019): 391-426.
Host: Hulai Zhang | Slides
June 16, 2025
Paper: Rafey, Will. "Droughts, Deluges, and (River) Diversions: Valuing Market-Based Water Reallocation." American Economic Review, 2023.
Host: Dongchen He | Slides
June 9, 2025
Paper: Green, Daniel, and Benjamin N. Roth. "The allocation of socially responsible capital." Journal of Finance 80.2 (2025): 755-781.
Host: Lishu Zhang | Slides
June 2, 2025
April 3, 2025
Paper: Fu, Chao, and Jesse Gregory. "Estimation of an equilibrium model with externalities: Post‐disaster neighborhood rebuilding." Econometrica 87.2 (2019): 387-421.
Host: Dongchen He | Slides
March 17, 2025
Paper: Duchin, R. et al.. "Sustainability or Greenwashing: Evidence from the Asset Market for Industrial Pollution." Journal of Finance, 2024.
Host: Lishu Zhang | Slides
March 3, 2025
Paper: Barwick, Panle Jia, et al. "From fog to smog: The value of pollution information." American Economic Review 114.5 (2024): 1338-1381.
Host: Hulai Zhang
February 24, 2025
Paper: Obolensky, Marguerite. "Protect or Prepare? Crop Insurance and Adaptation in a Changing Climate." Working Paper, 2025
Host: Dongchen He
February 17, 2025
Paper: Sautner, Zacharias, et al. "Firm‐level climate change exposure." Journal of Finance 78.3 (2023): 1449-1498.
Host: Lishu Zhang | Slides
2024
June 14, 2024
Paper: Fan, Haichao, et al. "Greening through finance?." Journal of Development Economics 152 (2021): 102683.
Host: Lishu Zhang | Slides
Paper: Koijen, Ralph SJ, Robert J. Richmond, and Motohiro Yogo. "Which investors matter for equity valuations and expected returns?." Review of Economic Studies (2023): rdad083.
Host: Hulai Zhang | Slides
Paper: Ito, Koichiro. "Do consumers respond to marginal or average price? Evidence from nonlinear electricity pricing." American Economic Review 104.2 (2014): 537-563.
Host: Dongchen He | Slides
May 31, 2024
Paper: Feger, Fabian, Nicola Pavanini, and Doina Radulescu. "Welfare and redistribution in residential electricity markets with solar power." Review of Economic Studies 89.6 (2022): 3267-3302.
Host: Dongchen He | Slides
May 17, 2024
Paper: Fowlie, Meredith, Michael Greenstone, and Catherine Wolfram. "Do energy efficiency investments deliver? Evidence from the weatherization assistance program." Quarterly Journal of Economics 133.3 (2018): 1597-1644.
Host: Shengyu Li | Slides
May 10, 2024
Paper: Ryan, Nicholas. "Contract Enforcement and Productive Efficiency: Evidence from the Bidding and Renegotiation of Power Contracts in India." Econometrica, 2019.
Host: Dongchen He | Slides
May 3, 2024
April 19, 2024
Paper: Hong, Harrison, Neng Wang, and Jinqiang Yang. "Welfare consequences of sustainable finance." Review of Financial Studies 36.12 (2023): 4864-4918.
Host: Hulai Zhang | Slides
Paper: Farrokhi, Farid, and Heitor S. Pellegrina. "Trade, technology, and agricultural productivity." Journal of Political Economy 131.9 (2023): 2509-2555.
Host: Shengyu Li | Slides
April 16, 2024
Paper: Broccardo, Eleonora, Oliver Hart, and Luigi Zingales. "Exit versus voice." Journal of Political Economy 130.12 (2022): 3101-3145.
Host: Lishu Zhang | Slides
April 11, 2024
Paper: Känzig, Diego R. "The unequal economic consequences of carbon pricing." No. w31221. National Bureau of Economic Research, 2023.
Host: Dongchen He | Slides
April 5, 2024
Paper: Oehmke, Martin, and Marcus M. Opp. "Green capital requirements." Swedish House of Finance Research Paper 22-16 (2022).
Host: Lishu Zhang | Slides
March 28, 2024
Paper: Reynaert, Mathias. "Abatement strategies and the cost of environmental regulation: Emission standards on the European car market." Review of Economic Studies 88.1 (2021): 454-488.
Host: Shengyu Li | Slides
March 15, 2024
Paper: Harris, J.. "Pricing Investor Impact." Social Science Research Network, 2022.
Paper: Betermier, Sebastien, Laurent E. Calvet, and Evan Jo. "A supply and demand approach to capital markets." Working Paper, 2023.
Host: Hulai Zhang | Slides
March 10, 2024
Paper: Ivanov, Ivan T., Mathias S. Kruttli, and Sumudu W. Watugala. "Banking on carbon: Corporate lending and cap-and-trade policy." Review of Financial Studies 37.5 (2024): 1640-1684.
Host: Lishu Zhang | Slides
Paper: Rubens, Michael. "Market structure, oligopsony power, and productivity." American Economic Review 113.9 (2023): 2382-2410.
Host: Dongchen He | Slides
February 24, 2024
Paper: Baker, Malcolm P., Mark Egan, and Suproteem K. Sarkar. "How Do Investors Value ESG?" Working Paper, 2022.
Host: Hulai Zhang | Slides
Paper: He, Guojun et al.. "Watering Down Environmental Regulation in China." Quarterly Journal of Economics, 2020.
Host: Dongchen He
February 12, 2024
Paper: Piatti, Ilaria, Joel Andrew Shapiro, and Xuan Wang. "Sustainable investing and public goods provision." Working Paper, 2023.
Host: Lishu Zhang | Slides
February 5, 2024
Paper: Beck, Philippe van der. "Flow-Driven ESG Returns." Social Science Research Network, 2021.
Host: Hulai Zhang | Slides
Paper: De Groote, Olivier, and Frank Verboven. 2019. "Subsidies and Time Discounting in New Technology Adoption: Evidence from Solar Photovoltaic Systems." American Economic Review, 109 (6): 2137-72.
Host: Dongchen He | Slides
January 25, 2024
Paper: Houston, Joel F., and Hongyu Shan. "Corporate ESG profiles and banking relationships." Review of Financial Studies 35.7 (2022): 3373-3417.
Host: Lishu Zhang | Slides
Paper: Barrage, Lint. "Optimal Dynamic Carbon Taxes in a Climate–Economy Model with Distortionary Fiscal Policy." Review of Economic Studies, 2019.
Host: Shengyu Li | Slides
January 18, 2024
Paper: Noh, Don, Sangmin Oh, and Jihong Song. "Unpacking the demand for sustainable equity investing." SSRN, 2023.
Host: Hulai Zhang | Slides
Paper: Hortaçsu, Ali, et al. "Does strategic ability affect efficiency? Evidence from electricity markets." American Economic Review 109.12 (2019): 4302-4342.
Host: Dongchen He | Slides
Paper: Ilhan, Emirhan, Zacharias Sautner, and Grigory Vilkov. "Carbon tail risk." Review of Financial Studies 34.3 (2021): 1540-1571.
Host: Lishu Zhang | Slides
2023
December 29, 2023
Paper: Iverson, Terrence, and Larry Karp. "Carbon taxes and climate commitment with non-constant time preference." Review of Economic Studies 88.2 (2021): 764-799.
Host: Shengyu Li | Slides
December 9, 2023
Paper: Heeb, Florian, et al. "Do investors care about impact?." Review of Financial Studies 36.5 (2023): 1737-1787.
Host: Lishu Zhang | Slides
December 8, 2023
Paper: Cicala, Steve. "When does regulation distort costs? Lessons from fuel procurement in US electricity generation." American Economic Review 105.1 (2015): 411-444.
Host: Dongchen He | Slides
Paper: Chowdhry, Bhagwan, Shaun William Davies, and Brian Waters. "Investing for impact." Review of Financial Studies 32.3 (2019): 864-904.
Host: Lishu Zhang | Slides
December 1, 2023
Paper: Dyck, Alexander, et al. "Do institutional investors drive corporate social responsibility? International evidence." Journal of Financial Economics 131.3 (2019): 693-714.
Paper: Chen, Tao et al.. "Institutional Shareholders and Corporate Social Responsibility." Journal of Financial Economics, 2019.
Host: Hulai Zhang | Slides
November 17, 2023
Paper: Besley, Timothy, and Torsten Persson. "The political economics of green transitions." Quarterly Journal of Economics 138.3 (2023): 1863-1906.
Host: Shengyu Li | Slides
November 10, 2023
Paper: Xu, Qiping, and Taehyun Kim. "Financial constraints and corporate environmental policies." Review of Financial Studies 35.2 (2022): 576-635.
Paper: Bartram, Söhnke M., Kewei Hou, and Sehoon Kim. "Real effects of climate policy: Financial constraints and spillovers." Journal of Financial Economics 143.2 (2022): 668-696.
Host: Hulai Zhang | Slides
Paper: Cicala, Steve. (2022). "Imperfect Markets versus Imperfect Regulation in US Electricity Generation." American Economic Review, 112 (2): 409-41.
Host: Dongchen He | Slides
October 27, 2023
Paper: Barber, Brad M., Adair Morse, and Ayako Yasuda. "Impact investing." Journal of Financial Economics 139.1 (2021): 162-185.
Host: Lishu Zhang | Slides
Paper: Hassler, John, Per Krusell, and Conny Olovsson. "Directed technical change as a response to natural resource scarcity." Journal of Political Economy 129.11 (2021): 3039-3072.
Host: Shengyu Li | Slides
October 20, 2023
Paper: Walker, W. Reed. "The transitional costs of sectoral reallocation: Evidence from the clean air act and the workforce." Quarterly Journal of Economics 128.4 (2013): 1787-1835.
Host: Hulai Zhang | Slides
Paper: Gonzales, Luis E., Koichiro Ito, and Mar Reguant. "The investment effects of market integration: Evidence from renewable energy expansion in Chile." Econometrica 91.5 (2023): 1659-1693.
Host: Dongchen He | Slides
October 13, 2023
Paper: Acemoglu, Daron, et al. "Transition to clean technology." Journal of Political Economy 124.1 (2016): 52-104.
Host: Shengyu Li | Slides
Paper: Casey, Gregory. "Energy efficiency and directed technical change: implications for climate change mitigation." Review of Economic Studies 91.1 (2024): 192-228.
Host: Lishu Zhang | Slides
September 26, 2023
Paper: Greenstone, Michael. "The impacts of environmental regulations on industrial activity: Evidence from the 1970 and 1977 clean air act amendments and the census of manufactures." Journal of Political Economy 110.6 (2002): 1175-1219.
Host: Hulai Zhang | Slides
Paper: Fabra, Natalia, and Mar Reguant. "Pass-through of emissions costs in electricity markets." American Economic Review 104.9 (2014): 2872-2899.
Host: Dongchen He | Slides
September 18, 2023
September 11, 2023
Paper: Gowrisankaran, Gautam, Stanley S. Reynolds, and Mario Samano. "Intermittency and the value of renewable energy." Journal of Political Economy 124.4 (2016): 1187-1234.
Host: Dongchen He | Slides
September 4, 2023
Paper: Fowlie, M. et al.. "Market-Based Emissions Regulation and Industry Dynamics." Journal of Political Economy, 2012.
Host: Hulai Zhang | Slides
August 16, 2023
Paper: Cohn, Jonathan B., Zack Liu, and Malcolm I. Wardlaw. "Count (and count-like) data in finance." Journal of Financial Economics 146.2 (2022): 529-551.
Host: Weihao Chen | Slides
Paper: Aghion, Philippe, et al. "Carbon taxes, path dependency, and directed technical change: Evidence from the auto industry." Journal of Political Economy 124.1 (2016): 1-51.
Host: Shengyu Li | Slides
August 9, 2023
Paper: Moscona, Jacob, and Karthik A. Sastry. "Does directed innovation mitigate climate damage? Evidence from US agriculture." Quarterly Journal of Economics 138.2 (2023): 637-701.
Host: Hulai Zhang | Slides
Paper: Hahn, Robert W., and Robert D. Metcalfe. "Efficiency and equity impacts of energy subsidies." American Economic Review 111.5 (2021): 1658-88.
Host: Dongchen He | Slides
July 31, 2023
Paper: Shapiro, Joseph S.. "The Environmental Bias of Trade Policy." Quarterly Journal of Economics, 2020.
Host: Lishu Zhang | Slides
July 24, 2023
Paper: Shapiro, Joseph S., and Reed Walker. "Why is Pollution from U.S. Manufacturing Declining? The Roles of Environmental Regulation, Productivity, and Trade." American Economic Review, 2015.
Host: Shengyu Li | Slides
July 7, 2023
Paper: Ryan, Stephen P. "The costs of environmental regulation in a concentrated industry." Econometrica 80.3 (2012): 1019-1061.
Host: Hulai Zhang | Slides
Paper: Holland, Stephen P., et al. "Are there environmental benefits from driving electric vehicles? The importance of local factors." American Economic Review 106.12 (2016): 3700-3729.
Host: Dongchen He | Slides