The Impact of Macroeconomic Conditions and Policies on Corporate Decisions

BACKGROUND

Sun Yat-Sen University and University of Edinburgh are organising an academic conference on the Impact of Macroeconomic Conditions and Policies on Corporate Decisions which will be held at the Lingnan (University) College, Sun Yat-sen University, Guangzhou, China. The Conference aims to bring together international academics, policy makers and industry professionals and to provide them with the opportunity to meet and to present and share their research and interests on issues relating to corporate financial decisions.

We encourage submissions that use theoretical, empirical or experimental approaches to understand how macroeconomic conditions and policies such as, business cycles, financial development of a market, tariff disputes, monetary policy, tax policy, industrial policy and economic policy uncertainty affect firms’ financial policy such as capital structure decisions, financing, timing of equity offering, cash holding, dividend policy, among others that are crucial for our understanding of corporate decisions. While not exhaustive, the following list suggests possible topics that would be appropriate to address: 

◾How do the large economic stimulus programs, and other economic policies affect corporate finance activities including financing, capital structure, payout policy, tax policies, investment and risk-taking, and risk management practices?  

◾How do economic policy change and uncertainty affect corporate finance and investment policies?  

◾How do industrial policies affect corporate investment and environmental policies?

◾How do macroeconomic factors and financial stability affect corporate merger & acquisitions and capital investment decisions?

◾How do changes in macroeconomic environment affect corporate governance, capital structure, and cost of capital?

◾What are possible cross-sectional variations in the way macroeconomic factors affect corporate finance decisions? 

◾How do macroeconomic factors in emerging markets affect corporate decisions differently from their counterparts in the U.S.?

◾How do macroeconomic factors affect various stakeholders such as regulators, investors, lenders, shareholders, stock analysts, rating agencies, employees, unions, managers and etc. differently?

◾How does company manage the macro risk along with other corporate risks?

◾How does corporate risk management strategy change after considering the impact of macroeconomic factors?

CONFERENCE SUBMISSIONS PROCEDURE

Submissions to the conference in the form of complete or nearly complete papers should be sent to one of the conference organizers Professor Ting Zhang (email:tzhang1@udayton.edu) by 28th October 2019. 

A Call for Papers for a Special Issue on The Impact of Macroeconomic Conditions and Policies on Corporate Decisions is expected to be launched shortly by The European Journal of Finance.

Please contact Dr. Yizhe Dong via yizhe.dong@ed.ac.uk and Prof. Ting Zhang via tzhang1@udayton.edu if you need further information about the special issue or the conference and for general enquiries about The European Journal of Finance. 

The European Journal of Finance invites conference participants to submit their paper for consideration for a special issue with the theme “The Impact of Macroeconomic Conditions and Policies on Corporate Decisions”. Some papers could be considered by regular issues too. All papers will be double-blind refereed in the standard way. Authors should submit their work to via the journal’s website:https://mc.manuscriptcentral.com/rejf

Authors are reminded that submitted papers must comply with the format specified in the notes for authors on the European Journal of Finance website. There is a submission fee of £125.00. Submitted articles should be consistent with the aims and scope of the journal.

Attending the conference is not a precondition for submission to the special issue. Likewise, acceptance to the conference does not guarantee publication.  A final decision is expected to be made by December 2020.  The special issue is expected to be published in early 2021.

Enquiries about the special issue may be directed to the Guest Editor, Professor Ting Zhang (tzhang1@udayton.edu) of University of Dayton or Dr. Yizhe Dong(yizhe.dong@ed.ac.uk) of the University of Edinburgh.