Sub-theme 24: Can Sustainable Investing be Transformative? Exploring Antecedents, Pathways, and Consequences -> HYBRID sub-theme!

Convenors:
Theresia Harrer, Hanken School of Economics, Finland
Shipeng Yan, Hong Kong University, Hong Kong
Fabrizio Ferraro, IESE Business School, Spain
Session I: Thursday, July 04, 09:00 to 10:30, U7-P2-24
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Session II: Thursday, July 04, 11:00 to 12:30, U7-P2-24
Sustainable Finance Innovation and Valuation – 1
Chair: Fabrizio Ferraro
Michelina Aguanno and Diane-Laure Arjaliès
Creating and capturing systems value: Exploring the valuation processes of a nature-based financial instrument
Discussant(s): Emilio Marti, Jean-Pascal Gond, Rieneke Slager
Gian Maria Mallarino, Mislav Radic and Valentina Mele
Issue field interaction in the voluntary carbon market
Discussant(s): Martin Fuchs, Emilio Marti, Rieneke Slager, Flore Bridoux
Zeynep Hazal Kopal and Leonardo Boni
Sustainability measurements in the AI era: An investigation on the ethical challenges of the ESG ratings
Discussant(s): Ruxi Wang, Marjid Ghorbani
Session III: Thursday, July 04, 14:00 to 15:30, U7-P2-24
Sustainable Finance Innovation and Valuation – 2
Chair: Theresa Harrer
Emilio Marti, Jean-Pascal Gond and Rieneke Slager
What do boundary spanners learn from external stakeholders? A comparative case study of shareholder engagement
Discussant(s): Michelina Aguanno, Diane-Laure Arjaliès
Ruxi Wang and Majid Ghorbani
Marching to the beat of a different drummer? Shifting political dependencies and anticipatory impression management in CSR reporting in China
Discussant(s): Gian Maria Mallarino, Mislav Radic, Valentina Mele
Martin Fuchs, Emilio Marti, Rieneke Slager and Flore Bridoux
Explaining businesses’ slow progress towards corporate sustainability: Insights from collaborative shareholder engagements
Discussant(s): Zeynep Hazal Kopal, Leandro Boni
Session IV: Friday, July 05, 09:00 to 10:30, U7-P2-24
Structuring SI Funds
Chair: Shipeng Yan
Szilvia Mosonyi and Jean-Pascal Gond
Striving for deliberative governance at the United Nation-supported Principles for Responsible Investment (PRI)
Discussant(s): Anne Kellers, Julia Eckert, Thomas Cauthorn, Bernhard Zwergel
Karoline Heitmann, Korcan Kavusan and Tine De Moor
Performance feedback and decision making under multiple goals: A study on SI mutual funds’ investment decisions
Discussant(s): Vera Schwarzmann, Alexa Boeckel
Léo Denis
Structuring impact investment funds by purpose-locking: The case of transformative private equity
Discussant(s): Marleen Wierenga, Kaja Lilleng, Nina Granqvist
Session V: Friday, July 05, 11:00 to 12:30, U7-P2-24
Signaling and Effectiveness of SI
Chair: Fabrizio Ferraro
Anne Kellers, Julia Eckert, Thomas Cauthorn, Bernhard Zwergel and Christian Klein
Do sustainable private investors get what they ask for?
Discussant(s): Karoline Heitmann, Korcan Kavusan, Tine De Moor
Marleen Wierenga, Kaja Lilleng and Nina Granqvist
Signaling practices of Nordic impact investors
Discussant(s): Szilvia Mosonyi, Jean-Pascal Gond
Vera Schwarzmann and Alexa Boeckel
Are investments in entrepreneuralism effective for female empowerment in the Global South?
Discussant(s): Leo Denis
Session VI: Friday, July 05, 14:00 to 15:30, U7-P2-24
Emerging Perspectives
Chair: Shipeng Yan & Theresa Harrer
Noé Kabouche
Exploring the internal and non-oppositional dimension of institutional change – The case of impact investing’s emergence in Geneva, Switzerland
Letícia Vargas
The emergence of the Brazilian impact investing field: Practices, communities, and network
Heli Nissilä
Framing social impact: Professional boundary work in the nascent impact investing market in the Nordics
Jarrod Ormiston, Michael Moran, Krzysztof Dembek and Erin Kuo
The evolution of ethical forms of investment: An integrative systematic review of responsible, ethical, social, sustainable and impact investment
Sophia Jungk, Matthias Waldkirch and Falko Paetzold
Framing for sustainable wealth in entrepreneurial families: A family ecosystem perspective
Pierangela Peruzzo and Caterina Cruciani
A bottom-up revolution: how sustainable literacy can unleash the transformative power of sustainable finance
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The papers will be presented and discussed at 2 roundtables.
Session VII: Saturday, July 06, 09:00 to 10:30, U7-P2-24
Strategic Integration of ESG
Chair: Theresa Harrer
Falko Paetzold, Emilio Marti and Sally Maitlis
How companies integrate sustainability into their advisory processes: The role of narratives of complexity
Discussant(s): Chiara Andreoli, Shawn Berman, Greg Molecke 
Eva Schlindwein, David Risi and Christopher Wickert
Making sense of causal ambiguity: The case of sustainable investing
Discussant(s): Falko Paetzold, Emilio Marti, Sally Maitlis
Chiara Andreoli, Shawn Berman and Greg Molecke
Strategic integration of impact measurement and management: Embedding impact into organizational strategy
Discussant(s): Eva Schlindwein, David Risi, Christopher Wickert
Session VIII: Saturday, July 06, 11:00 to 12:30, U7-P2-24
How Can SI Be Transformative? Key Challenges and Research Pathways
Chair: Shipeng Yan
Panel discussion (participants: tbc)