Hello!
Just a quick reminder that the virtual seminar series of the Alliance for Research on Corporate Sustainability (ARCS) will be hosting Caroline Flammer (Columbia University) on March 7th. Lucca Berchicci (Rotterdam) is no longer available (we rescheduled his seminar for October 3rd). Caroline graciously agreed to take his spot since she was filling in for me as a host (I will be teaching). Caroline will present "Blended Finance". It is a great opportunity for all to learn about research-in-progress in corporate sustainability (the presentation is 20 mins long and Q&A is another 10 mins) and for all juniors out there (PhD students and junior faculty) to socialize with the speaker afterwards (the last 30 mins). Please find the abstract below:
Blended finance-the use of public and philanthropic funding to crowd in private capital-is a potential way to finance a more sustainable world. We provide a conceptual framework that formalizes the decision-making of development finance institutions (DFIs) that engage in blended finance, and provide empirical evidence using deal-level data from a major DFI. Consistent with our conceptual framework, we find that DFIs provide higher concessionality for projects with higher sustainability impact. Moreover, the concessionality is higher for projects in countries with higher political risk and information asymmetries. In such cases, the blending tends to also include risk management provisions.
Here is the list of the remaining speakers and dates of the virtual seminars (11am-12pm EST):
Apr 4 Vanessa Burbano (Columbia Business School)
May 2 Hannah Schupfer (King's College, Ivey/ARCS PhD best paper award winner)
Please register for the seminar here: https://corporate-sustainability.org/online-seminar-series/
Best regards,
Olga Hawn, PhD
Associate Professor, Strategy and Entrepreneurship
Sustainability Distinguished Fellow
Faculty Director, Ackerman Center for Excellence in Sustainability
UNC Kenan-Flagler Business School
Associate Editor, Strategic Management Journal
Associate Editor, Management Science