Programme - Convention - Society of Emerging Markets

General Conference Program

Thursday, June 27, 2019

09.00 - 09.45 Registration and welcome coffee U7, floor 1, Lobby

09.45 - 10.30 Opening U7, floor 4, U7-4064 - Sala del Consiglio

Welcome speech by

Stefano RAVAGNAN, former Ambassador of Italy in Kazakhstan

Paolo CHERUBINI, Prorector of University Milano Bicocca

Cinzia CORTI, Head of UFIPOL, University of Milano Bicocca

10.30 - 11.15 Plenary Session

Keynote Speaker:

Kenzhegali Sagadiyev - University of International Business, Almaty, Kazakhstan, Global Centers of Influence and Independency of National Governments

Darkhan Akhmed-Zaki, University of International Business, Almaty, Kazakhstan, Education to employability: data-driven performance in the Kazakhstan University

Chair: Silvana Stefani

DAY1

Thursday, June 27 PARALLEL SESSIONS 11.30 - 13.00

Building U7, floor 4 (Room 1 - U7-4064 Sala del Consiglio)

PARALLEL SESSION 1-1 ECONOMIC DEVELOPMENT AND GROWTH 1

Chair: Evzen Kocenda

Evzen Kocenda, Charles University, Institute of Economic Studies, Prague, Czech Republic, Nowcasting real GDP growth with business tendency survey data: a cross country analysis

Ilkay Şendeniz-Yüncü, Middle East Technical University, Department of Business Administration, Ankara, Turkey, Financial Structure and Economic Growth: Evidence from Emerging Markets

Kamshat Mussina, L.N. Gumilyov Eurasian National University, Nursultan, Kazakhstan Transitioning to emerging market: case of Kazakhstan

Ya-chi Lin, School of Economics and Trade, Hubei University of Economics, Wuhan, China, Synchronization or asymmetry of provincial growth dynamics in China

Jose Luis Ruiz V., Universidad de Chile, Santiago, Chile, Political Risk and Economic Growth: A System-GMM Application with Factor Analysis

Building U7, floor -2 (Room 2- U7 04)

PARALLEL SESSION 1-2 STOCK MARKET 1

Chair: Ihsan Erdem Kayral

Ihsan Erdem Kayral, Konya Food & Agriculture University, Konya, Turkey, Asymmetry Effect and Volatility Persistence in Stock Market Returns during the Pre-Crisis, Crisis and Post-Crisis Period of 2008: Evidence from Brazil, China, Mexico and Turkey

Kang Baek, Hanbat National University, Daejeon, Korea, Do vertical relations among financial companies matter to mutual fund fees?

Adam Marszk, Gdansk University of Technology, Gdansk, Poland, Exchange-traded funds in European developed and emerging countries: has critical mass been reached?

Karim Mimouni, College of Business & Economics - Qatar University, Doha, Qatar, What Drives the Cross-Section of Stock Returns in the MENA Region

Musaab Mousa: Szent István University, Godollo, Hungary, The role of marketing on stocks performance-evidence from Arabic gulf listed companies on emerging market indexes

Building U7, floor 0 (Room 3 - U7 14)

PARALLEL SESSION 1-3 MACROECONOMICS 1

Chair: Takashi Matsuki

Takashi Matsuki, Osaka Gakuin University, Osaka, Japan, Does sectoral productivity convergence promote per capita output convergence in the country level across East Asian countries?

Kimiko Sugimoto, Konan University, Japan, Hyogo, Japan, Does international financial integration increase the standard of living in Africa? A frontier approach

Ji Young Choi, Bank of Korea, Seoul, South Korea, Labor demand of the inter-Korean economic cooperation

Martinson Ankrah Twumasi, Sichuan Agriculture University, Chengdu- China, Does financial literacy inevitably lead to savings mobilization in Ghana? Evidence from smallholder farmers in Ghana

Zulfiqar Ali, School of Business Administration, Dongbei University of Finance & Economics, China, CEO Overconfidence, Institutional Investors, and future firm risk: An analysis of Chinese listed firms

13.00 - 14.00 Lunch

PARALLEL SESSIONS 14.00 - 15.30

Building U7, floor 4 (Room 1 - U7-4064 Sala del Consiglio)

PARALLEL SESSION 1-4 ENERGY MARKETS, COMMODITY MARKETS AND ALTERNATIVE INVESTMENTS 1

Chair: Zulal S. Denaux

Zulal S. Denaux, Professor of Economics, Langdale College of Business, Valdosta State University, Valdosta, USA, Regime Dependent Causality Relationship between Energy Consumption and GDP Growth: Evidence from OECD Countries

Sudan Zhao, School of Marxism, Sichuan University, China, An Analysis of Influence Factors of Carbon Transfer in China—Based on the VAR Model

Shihong Zeng, College of Economics & Management, Beijing University of Technology, Beijing, China, FDI’s Impact on China's Economic Growth, Technological Innovation and Pollution

Isaiah Oino, Coventry University, Coventry, United Kingdom, Foreign Direct Investment Drivers, Is Sub-Saharan Africa, a different case? Using the Cointegration Approach

Merve Hamzaoglu, Galatasaray University, GIAM, Galatasaray, Turkey, An environmental perspective on the organic food market in Turkey

Building U7, floor 0 (Room 3 - U7 14)

PARALLEL SESSION 1- 5 FINANCE 1

Chair: Hanna Kociemska

Mohamed Goaied, College of Business & Economics, Qatar University, Doha, Qatar, The breakdown of the link between finance and growth: Type of credit matters

Hanna Kociemska, Wroclaw University of Economics, Wroclaw, Poland, Can conventional private participation in infrastructure incorporate islamic finance requirements?

Andrea Paltrinieri, Department of Economics and Statistics, University of Udine, Italy, A Bibliometric Review of Takaful Literature

Tadeusz Dudycz, Wrocław University of Science and Technology, Wrocław, Poland, Does the par value of share influence the success of IPOS?

Aquiles Kalatzis, Universidade de São Paulo, San Paolo, Brazil, Financing R&D Investment in Emerging Economies: Liquidity and Credit Market Matter?

PLENARY SESSION 16.00 - 17.30Building U7, floor 4 (Room 1 - U7-4064 Sala del Consiglio)

Keynote speaker: Ali M. Kutan, University Edwardsville (SIUE), Edwardsville, IL, USA

How to publish in top economics and finance journals

Chair: Darkhan Akhmed-Zaki

20.30 - Social Dinner - Harry's Bar (in front of Teatro degli Arcimboldi, 5 min from U7)

Address: Viale dell`Innovazione, 20, 20126 Milano MI, Phone: 02 6410 9060

DAY2

Friday, June 28

PARALLEL SESSIONS 9.30 - 11.00

Building U7, floor 4 (Room 1 - U7 4064 Sala del Consiglio)

PARALLEL SESSION 2-1 CORPORATE FINANCE 1

Chair: Yizhe Dong

Yizhe Dong, University of Edinburgh Business School, Edinburgh, United Kingdom, Customer concentration and corporate risk-taking

Jun Huang, Business School, Hunan University, Changsha, China, Corporate Social Responsibility, Venture Capital and Corporate Innovation: Evidence from Chinese SMEs

Maho Shiraishi, The University of Kitakyushu, Kitagata, Japan, The zombie firms among private firms in China

Go Yano, Kyoto University in Japan, Japan, Economic and political motivations in debt finance in China: Bank lending and trade credit offering

Muhammad Farooq Shabbir: Dalian University of Technology, China, The impact of governance structure on firm efficienc and profitability: evidence from emerging stock markets

Building U7, floor 0 (Room 3 - U7 14)

PARALLEL SESSION 2-2 MONETARY POLICY, FISCAL POLICY AND CENTRAL BANK 1

Chair: Jakub Rybacki

Andrea Boltho, Magdalen College, University of Oxford, Oxford, United Kingdom, Southern and Eastern Europe in the Euro: Convergence or Divergence?

Lyazzat Sembiyeva, L. N. Gumilyov Eurasian National University, Nursultan, Kazakhstan, Monetary and fiscal policies and their effects on the economies

Patricia Gomez-Gonzalez, Fordham University, New York, USA, Emerging markets’ inflation -linked public debt: institutional factors

Mouyad Alsamara, College of Business and Economics, Qatar University, Doha, Qatar, The Asymmetric impact of Nominal Effective Exchange Rate on the Demand for Money in GCC Countries: New Evidence from Nonlinear Dynamic Panel

Jakub Rybacki, SGH Warsaw School of Economics, Warsaw, Poland, Fiscal deficit forecasts by international institutions: Evidence for the double standard?

11.00 - 11.30 Coffee Break

SESSIONS 11.30 - 13.00

Building U7, floor 4 (Room 1 - U7-4064 Sala del Consiglio)

SESSION 2-3 INTERNATIONAL TRADE, CAPITAL FLOWS AND FOREIGN EXCHANGE MARKET 1

Chair: Meruert Narenova

Meruert Narenova, University of International Business, Almaty, Kazakhstan, Modern Kazakhstan Economy Development: Challenges Ahead

Willem Thorbecke, Research Institute of Economy, Trade and Industry, Tokyo, Japan, Export Sophistication and Trade Elasticities

Hassan Hamadi, Notre Dame University –Louise, Zouk Mosbeh, Lebanon, Market Structure and Bank Behaviour in the MENA Region

Ashraf Khan, University of Udine, Udine, Italy, The role of trade and financial openness in financial development and real economy: Evidence from Islamic Banks of GCC Region

13:00 - 14.00 Lunch

18:00 – Organized tour to Milano city center (5 EUR)

Meeting point: at 17:40 next to the the fountain in front of Castello Sforzesco, Metro stop 1 – CAIROLI, Piazza Castello, 20121 Milano MI

DAY3

Saturday, June 29

SESSIONS 9.30 - 11.00

Building U7, floor 4 (Room 1 - U7-4064 Sala del Consiglio)

SESSION 3-1 FINANCE AND MACROECONOMICS 1

Chair: Nedal Al-Fayoumi

Bana Abuzayed, College of Business and Economics, Qatar University, Corruption, lending and bank performance

Nedal Al-Fayoumi, College of Business & Economics (CBE), Qatar University, Doha, Qatar, Dynamic Co-movements and Portfolio Management across European Stock and Real Estate Markets”

Shakhizada Suleimenova, L.N. Gumilyov Eurasian National University, Nursultan, Kazakhstan, The role of universities intellectual capital in the economic growth of the country

Eldar Karabayev, L.N. Gumilyov Eurasian National University, Nursultan, Kazakhstan, Features of external state audit in emerging markets: Kazakhstan

Zhaniyat Baldabayeva, L.N. Gumilyov Eurasian National University, Nursultan, Kazakhstan, Terminological aspect of terms “educational management” and “pedagogical management”

12.00 - Farewell to participants