Mae Banc y Byd (2021) yn diffinio ‘Cyllid Cynaliadwy’ fel “y broses o roi ystyriaeth ddyledus i ystyriaethau amgylcheddol, cymdeithasol a llywodraethu (ESG) wrth wneud penderfyniadau buddsoddi yn y sector ariannol, gan arwain at fuddsoddiadau mwy hirdymor mewn gweithgareddau a phrosiectau economaidd cynaliadwy.”
Mae Grŵp Ymchwil Cyllid Cynaliadwy Caerdydd yn gwahodd ysgolheigion sy’n gweithio ar wahanol feysydd cynaliadwyedd yn ogystal â chyllid ac yn hyrwyddo ymchwil cydweithredol a thrawsnewidiol i bontio’r bwlch rhwng meysydd eang yr astudiaethau hynny. Drwy wneud hynny, mae'r grŵp yn cymryd rhan mewn gweithgareddau academaidd sy'n cefnogi ethos 'Gwerth Cyhoeddus' Ysgol Busnes Caerdydd yn uniongyrchol.
Nodau
- hwyluso ymchwil rhyngddisgyblaethol ar gynaliadwyedd a chyllid ar draws adrannau, ysgolion a phrifysgolion
- cefnogi athroniaeth ‘Gwerth Cyhoeddus’ Ysgol Busnes Caerdydd drwy gysylltu aelodau’r grŵp â rhanddeiliaid allanol i roi gwybod iddynt am eu hymchwil ar gyllid cynaliadwy
- hyrwyddo Ysgol Busnes Caerdydd fel un o’r canolfannau blaenllaw ar gyfer ymchwil ar gynaliadwyedd a chyllid
- cefnogi ysgolheigion i gyflawni ymchwil o ansawdd uchel sy'n cael effaith sy'n cyfrannu at amrywiol feysydd pwnc cyllid cynaliadwy
Cwrdd â'r tîm
Cyfarwyddwr
Staff academaidd
Dr Izidin El Kalak
Uwch Ddarlithydd (Athro Cyswllt) mewn Cyllid
Dr Maryam Lotfi
Uwch Ddarlithydd Rheoli Cadwyn Gyflenwi Cynaliadwy a Dirprwy Bennaeth Adran Ymchwil, Effaith ac Arloesi
Dr Helen Mussell
Uwch Ddarlithydd mewn Astudiaethau Sefydliadol a Chyfarwyddwr Dysgu Ar-lein
Yr Athro Qingwei Wang
Pennaeth Cyfrifeg a ChyllidAthro Cyllid
Myfyrwyr Ôl-raddedig
Staff cysylltiedig
- Professor Brian Lucey
- Professor Samuel A. Vigne
- Professor Dimitrios Gounopoulos
- Dr Danmo Lin
- Dr Ozlem Arikan
- Professor Robert Hudson
- Professor Gulnur Muradoglu
- Xianmin Liu
- Dr Ni Peng
- Dr Katie Moon
- Professor Lemma W. Senbet
- Dr Ylva Baeckström
- Professor Hisham Farag
- Dr Craig Davies
- Professor Jia Liu
- Dr Jianan Lu
- Professor Iga Rudawska
- Justin Ho Zhi Lam
Cyhoeddiadau
- Agoraki, M. K., Giaka, M., Konstantios, D. and Patsika, V. 2023. Firms' sustainability, financial performance, and regulatory dynamics: Evidence from European firms. Journal of International Money and Finance 131, 102785.
- Alolo, M., Azevedo, A. and El Kalak, I. 2020. The effect of the feed-in-system policy on renewable energy investments: evidence from the EU countries. Energy Economics 92, 104998.
- Arfin, R., Peng, N., and Bowen, F. 2022. The Wealth Effect of Corporate Water Actions: How Past Corporate Responsibility and Irresponsibility Influence Stock Market Reactions Journal of Business Ethics 180, 105-124.
- Arikan, O., Reinecke, J., Spence, C., and Morrell, K. 2017. Signposts or Weathervanes? The Curious Case of Corporate Social Responsibility and Conflict Minerals. Journal of Business Ethics, 146(3), 469-484.
- Atkins, J. and Maroun, W. 2018. Integrated extinction accounting and accountability: building an ark. Accounting, Auditing & Accountability Journal, 31, 750-786. https://doi.org/10.1108/AAAJ-06-2017-2957
- Atkins, J., Maroun, W., Atkins, B.C. and Barone, E. 2018. From the Big Five to the Big Four? Exploring extinction accounting for the rhinoceros. Accounting, Auditing & Accountability Journal, 31, 674-702. https://doi.org/10.1108/AAAJ-12-2015-2320
- Austmann, L. M. and Vigne, S.A. 2021. Does environmental awareness fuel the electric vehicle market? A Twitter keyword analysis. Energy Economics 101, 105337
- Baeckström, Y., Marsh, I. W., and Silvester, J. 2021. Financial advice and gender: Wealthy individual investors in the UK. Journal of Corporate Finance. 71, 101882.
- Baeckström, Y., Silvester, J., and Pownall, R. A. J. 2018. Millionaire investors: financial advisors, attribution theory and gender differences: financial advisors, attribution theory and gender differences. European Journal Of Finance 24, 1333-1349.
- Chen, Y., Wei, Y., Bai, L., and Zhang, J. 2023. Can Green Economy stocks hedge natural gas market risk? Evidence during Russia-Ukraine conflict and other crisis periods. Finance Research Letters, 53, 103632.
- Del Gaudio, B.L., Previtali, D., Sampagnaro, G., Verdoliva, V. and Vigne, S.A. 2022. Syndicated green lending and lead bank performance. Journal of International Financial Management & Accounting 33 (3), 412-427
- Dongyang, Z. 2022. Green financial system regulation shock and greenwashing behaviors: Evidence from Chinese firms. Energy Economics. 111. 106064. 10.1016/j.eneco.2022.106064.
- Dongyang, Z. and Du, Pengcheng, D. 2020. How China’s Going Green Impacts on Corporate Performance. Journal of Cleaner Production. 258. 120604. 10.1016/j.jclepro.2020.120604.
- Dongyang, Z. and Qunxi, K. 2022. Green energy transition and sustainable development of energy firms: An assessment of renewable energy policy. Energy Economics. 111. 106060. 10.1016/j.eneco.2022.106060.
- Dowling, M., Cummins, M., Lucey, B.M. 2016. Psychological barriers in oil futures markets, Energy Economics, 53, 293 – 304.
- Farag, H. and Mallin, C.A (2018). The influence of CEO Demographic Characteristics on Corporate Risk -Taking: Evidence from Chinese IPOs, European Journal of Finance, 24(16), 1528-1551.
- Farag, H., & Mallin, C. (2017). Board diversity and financial fragility: Evidence from European banks. International Review of Financial Analysis, 49, 98-112.
- Farag, H. and Mallin, C.A (2016). The Impact of the Dual Board Structure and Board Diversity: Evidence from Chinese Initial Public Offerings (IPOs), Journal of Business Ethics, 139, 333–349
- Farag, H., Qing, M., and Mallin, C.A. (2015). The Social, Environmental and Ethical Performance of Chinese Companies: Evidence from the Shanghai Stock Exchange, International Review of Financial Analysis, 42, 53–63.
- Farag, H., Mallin, C.A., and Ow-Yong, K., (2014), Corporate Social Responsibility and financial performance in Islamic banks, Journal of Economic Behavior & Organization, 103, 21-38
- Gounopoulos, D., Loukopoulos, G. and Loukopoulos, P. 2021. CEO Education and the Ability to Raise Capital. Corporate Governance: An International Review. 29, 67-99.
- Gounopoulos, D., Loukopoulos, G., Loukopoulos, P. and Wood, G. 2022. Corporate Political Activities and the SEC’s Oversight Role in the IPO Process. Journal of Management Studies https://doi.org/10.1111/joms.12892
- Gounopoulos, D., Mazouz, K. and Wood, G. 2021. The consequences of political donations for IPO premium and performance. Journal of Corporate Finance 67, 5, 101888.
- Guedhami, O., Knill, A., Megginson, W.L., and Senbet, L. 2022. The dark side of globalization: Evidence from the impact of COVID-19 on multinational companies. Journal of International Business Studies 53, 1603–1640. https://doi.org/10.1057/s41267-022-00540-8
- Harjoto, M. A., Hoepner, A., Andreas G. F., and Li, Q. 2021. Corporate social irresponsibility and portfolio performance: a cross-national study. Journal of International Financial Markets, Institutions and Money 70, 101274.
- Harjoto, M., Hoepner, A., and Li, Q. 2022. A stakeholder resource-based view of corporate social irresponsibility: Evidence from China. Journal of Business Research 144, 830-843.
- Hu, X., Lin, D. and Tosun, O. K. 2022. The effect of board independence on firm performance - new evidence from product market conditions. European Journal of Finance (10.1080/1351847X.2022.2049448)
- Jones, M.J. and Solomon, J.F. 2013. Problematising accounting for biodiversity. Accounting, Auditing & Accountability Journal, Vol. 26, 668-687. https://doi.org/10.1108/AAAJ-03-2013-1255
- Lotfi, M., Walker, H. and Rendon-Sanchez, J. 2021. Supply chains’ failure in workers’ rights with regards to the SDG compass: a doughnut theory perspective. Sustainability 13, article number: 12526.
- Lotfi, M., Akram, Y. and Jafari, S. 2018. The effect of emerging green market on green entrepreneurship and sustainable development in knowledge-based companies. Sustainability 10, article number: 2308.
- Lucey, B.M., Carron, B. 2011. The effect of gender on stock price reaction to the appointment of directors: The case of the FTSE 100, Applied Economics Letters, 18, (13), 1225-1229.
- Karim, S., Lucey, B.M., Naeem, M.A. and Vigne, S.A. 2023. The dark side of Bitcoin: do Emerging Asian Islamic markets help subdue the ethical risk? Emerging Markets Review 54, 100921.
- Maroun, W. and Atkins, J. 2018. The emancipatory potential of extinction accounting: Exploring current practice in integrated reports. Accounting Forum, 42:1, 102-118, DOI: 10.1016/j.accfor.2017.12.001
- Nguyen, D. . D., Hagendorff, J. and Eshraghi, A. 2018. Does a CEO's cultural heritage affect performance under competitive pressure?. Review of Financial Studies 31(1), pp. 97-141.
- Nguyen, D. D., Hagendorff, J. and Eshraghi, A. 2019. Misconduct in banking: Governance and the board of directors. In: Alexander, C. and Cumming, D. eds. Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation. Wiley
- Patsika, V. and Huang, C. 2023. Mandatory greenhouse gas emissions reporting and firm environmental litigation risk. Accounting Forum (10.1080/01559982.2022.2158519)
- Rhianon Edgley, C., Jones, M.J. and Solomon, J.F. 2010. Stakeholder inclusivity in social and environmental report assurance. Accounting, Auditing & Accountability Journal, 23, 532-557. https://doi.org/10.1108/09513571011041615
- Situ, H. and Tilt, C. 2018. Mandatory? Voluntary? A discussion of corporate environmental disclosure requirements in China. Social and Environmental Accountability Journal 38(2), pp. 131-144.
- Situ, H., Tilt, C. and Seet, P. 2020. The influence of the Chinese government's political ideology in the field of corporate environmental reporting. Accounting, Auditing and Accountability Journal 34(9), pp. 1-28.
- Solomon, J.F., Solomon, A., Joseph, N. L., Norton, S. 2013. Impression management, myth creation and fabrication in private social and environmental reporting: Insights from Erving Goffman. Accounting, Organizations and Society, 38, 195-213.
- Solomon, J.F., Solomon, A., Norton, S.D. and Joseph, N.L. 2011. Private climate change reporting: an emerging discourse of risk and opportunity?. Accounting, Auditing & Accountability Journal, 24, 1119-1148. https://doi.org/10.1108/09513571111184788
- Tosun, O. K. 2017. Is corporate social responsibility sufficient enough to explain the investment by socially responsible funds?. Review of Quantitative Finance and Accounting 49, pp. 697-726.
- Tosun, O. K. 2021. Cyber-attacks and stock market activity. International Review of Financial Analysis 76, article number: 101795.
- Tosun, O. K., El Kalak, I. and Hudson, R. 2022. How female directors help firms to attain optimal cash holdings. International Review of Financial Analysis 80, pp. 1-20., article number: 102034.
- Tosun, O. and Eshraghi, A. 2022. Corporate decisions in times of war: Evidence from the Russia-Ukraine Conflict. Finance Research Letters 48, article number: 102920.
- Tosun, O. K., Eshraghi, A. and Muradoglu, G. 2021. Staring death in the face: the financial impact of corporate exposure to prior disasters. British Journal of Management 32(4), pp. 1284-1301.
- Tosun, O. K. and Senbet, L. W. 2020. Does internal board monitoring affect debt maturity?. Review of Quantitative Finance and Accounting 54(1), 205-245.
- Wang, Y., Lucey, B., Vigne, S.A. and Yarovaya, L. 2022. An index of cryptocurrency environmental attention (ICEA). China Finance Review International, 12, 378-414. https://doi.org/10.1108/CFRI-09-2021-0191
- Wang, Y, Farag, H, and Ahmad, W (2021). Corporate Culture and Innovation: A Tale from an Emerging Market, British Journal of Management, 32, 1121-1140.
- Wei, Y., Nan, H. and Wei, G. 2020. The impact of employee welfare on innovation performance: Evidence from China's manufacturing corporations. International Journal of Production Economics, 228, 107753.
- Wen, X., Guo, Y., Wei, Y., and Huang, D. 2014. How do the stock prices of new energy and fossil fuel companies correlate? Evidence from China. Energy Economics, 41, 63-75.
- Zhang, D. and Vigne, S.A. 2021. The causal effect on firm performance of China's financing–pollution emission reduction policy: Firm-level evidence, Journal of Environmental Management 279, 111609.
- Zhang, D., Zhang, Z., Ji, Q., Lucey, B. and Liu, J. 2021. Board characteristics, external governance and the use of renewable energy: International evidence, Journal of International Financial Markets, Institutions and Money, p101317
- Zhu, D., Hodgkinson, L. and Wang, Q. 2021. Interaction and decomposition of gender difference in financial risk perception. Journal of Behavioral and Experimental Finance 30, 100464.
Newyddion ac adnoddau
Adnoddau defnyddiol
- Datblygu Cynaliadwy y Cenhedloedd Unedig: YR 17 NOD | Datblygu Cynaliadwy (un.org)
Newyddion
- Cynadleddau ar Gynaliadwyedd – Cyllid/Cyfrifo/Rheoli
Digwyddiadau
Cynhadledd Cyllid Cynaliadwy 2024
Dyddiad y gynhadledd: 25 Hydref 2024
Mae Grŵp Ymchwil Cyllid Cynaliadwy Caerdydd (CSFRG), ar y cyd â’r Ganolfan Arloesedd Cyllid Cynaliadwy (SFiC) ym Mhrifysgol Birmingham, yn falch o gyhoeddi y bydd y Gynhadledd Cyllid Cynaliadwy yn cael ei chynnal ar 25 Hydref 2024 yn Ysgol Busnes Birmingham.
Nod y gynhadledd yw hwyluso trafodaethau helaeth ynghylch ymchwil flaengar ym maes cyllid cynaliadwy, a fydd yn cynnig cipolygon gwerthfawr yn ogystal â thrin a thrafod y cyfleoedd a’r heriau amlochrog sy’n gysylltiedig â datblygu cyllid cynaliadwy.
Rydyn ni’n gwahodd ymchwilwyr, ymarferwyr, a llunwyr polisïau i gyflwyno eu papurau ymchwil ac astudiaethau achos gwreiddiol sy'n cyfrannu at faes Cyllid Cynaliadwy. Mae hyn yn cynnwys ond heb fod yn gyfyngedig i:
- cyllid gwyrdd, credyd carbon, cyllid i fynd i’r afael â newid yn yr hinsawdd
- llywodraethu corfforaethol, cyfrifoldeb cymdeithasol corfforaethol
- amrywiaeth, cydraddoldeb a chynhwysiant
- defnyddio deallusrwydd artiffisial a dysgu peiriannol ym maes cyllid cynaliadwy
- sefydliadau ariannol gwyrdd
- rheoli risg, profi straen a’r heriau sy’n ynghlwm a chyllid gwyrdd/cynaliadwy/i fynd i’r afael â newid yn yr hinsawdd
- sut mae cryptoarian ac arian digidol yn rhyngweithio gyda chyllid gwyrdd / cynaliadwy / i fynd i’r afael â newid yn yr hinsawdd
- heintio a’r cysylltiadau rhwng offerynnau ariannol cynaliadwy ac offerynnau i fynd i’r afael â newid yn yr hinsawdd
- asedau gwyrdd/cynaliadwy/i fynd i’r afael â newid yn yr hinsawdd a phennu portffolio
- risgiau amgylcheddol a pholisïau rheoleiddio
Prif siaradwr
Omrane Guedhami yw Athro C. Russell Hill ac Athro Cyllid Rhyngwladol yn Ysgol Busnes Darla Moore ym Mhrifysgol De Carolina. Mae diddordebau ymchwil Dr Guedhami yn rhyngwladol ac yn cwmpasu llywodraethu corfforaethol, ansawdd archwilio, gorfodi treth, cyfalafiaeth y wladwriaeth a phreifateiddio, diwylliant cenedlaethol, a chyfrifoldeb cymdeithasol corfforaethol. Mae wedi cyhoeddi dros 120 o erthyglau a adolygwyd gan gymheiriaid mewn cyfnodolion academaidd blaenllaw (Mae 42 o’i erthyglau wedi’i chyhoeddi mewn cyfnodolion a rhestrwyd yn Rhestr 50 Cyfnodolyn Gorau'r Financial Times).
Mae wedi derbyn nifer o ragoriaethau ymchwil a gwobrau mawreddog, gan gynnwys Gwobr CASE ar gyfer y Traethawd Hir Gorau ym maes Cyllid Rhyngwladol 2003, Gwobr Moskowitz am Fuddsoddi yn Gymdeithasol Gyfrifol 2011, Gwobr Dyfyniadau Rhagorol Emerald 2015 a Medal Arian Journal of International Business Studies (2019). Yn ddiweddar, cafodd ei enwi ym Mhrif Awdur Journal of Corporate Finance rhwng 1994 a 2018, ac ymhlith yr ysgolheigion gorau ym maes llywodraethu corfforaethol a diwylliant a chyllid.
Ar hyn o bryd mae'n Olygydd ar gyfer Contemporary Accounting Research, Journal of Business Ethics, Corporate Governance: An International Review, a Golygydd Ymgynghorol ar gyfer Journal of International Business Studies.
Cyflwyno papurau a Chofrestru
E-bostiwch gopi PDF o’ch papur neu grynodeb estynedig i CSFRG@caerdydd.ac.uk erbyn 15 Awst 2024. £100 yw’r ffi gofrestru (£50 i fyfyrwyr PhD) ac mae hyn yn cynnwys mynediad at y gynhadledd, holl ddeunyddiau’r gynhadledd, egwyliau coffi, cinio a’r cinio gala.
Cyfleoedd Cyhoeddi
Byddwn ni’n ymgynghori â’r Prif Olygydd ac yn gwahodd papurau cynhadledd dethol i'w cyflwyno i'r European Journal of Finance, International Review of Economics and Finance a’r Journal of Sustainable Finance & Investment.
Cadeiryddion y Gynhadledd
- Yr Athro Hisham Farag – Ysgol Busnes Birmingham
- Dr Onur Kemal Tosun – Ysgol Busnes Caerdydd
Pwyllgor y Rhaglen
- Dr Santosh Koirala – Ysgol Busnes Birmingham
- Dr Xiaofei Xang – Ysgol Busnes Birmingham
- Dr Bilal Hafeez – Ysgol Busnes Caerdydd
- Dr Bo Guan – Ysgol Busnes Caerdydd
Digwyddiadau blaenorol
Dyddiad | Math o Ddigwyddiad/Lleoliad | Gwybodaeth |
---|---|---|
21 Mai 2024 | Seminar | Dr Jana Fidrmuc o Brifysgol Warwick 'Ymgyrchu gan gyfranddalwyr: Bendith neu felltith i Brif Weithredwyr presennol? |
19 Mawrth 2024 | Seminar | Bydd Dr Danmo Lin, Prifysgol Warwick 'Goferu Cyllidol a’r risgiau amgylcheddol a chymdeithasol (ES) i Gost Benthyciadau Banc' |
11 Mai 2023 | Seminar | Dr Bilal Hafeez, Prifysgol Caerdydd 'Manteisio ar y cyfle: Datguddio’r ansicrwydd o ran polisïau hinsawdd, a'r Unol Daleithiau yn tynnu'n ôl o Gytundeb Paris' |
Cynhadledd Cyllid Cynaliadwy Caerdydd 2023
Cynhaliwyd y Gynhadledd Cyllid Cynaliadwy Ryngwladol gyntaf erioed gan Grŵp Ymchwil Cyllid Cynaliadwy Caerdydd (CSFRG) ddydd Gwener 10 Tachwedd 2023 yn Ysgol Busnes Caerdydd.
Estynnodd yr Athro Peter Wells, y Rhag-Ddeon ar gyfer Gwerth Cyhoeddus, Ysgol Busnes Caerdydd, ei groeso i’r holl gynadleddwyr a fu’n bresennol yn y gynhadledd. Cafodd wyth papur o ansawdd uchel eu dewis, a chyflwynwyd y rhain gan gynadleddwyr o Brifysgol Ryngwladol San Steffan yn Tashkent, Prifysgol Newcastle, Prifysgol Caerfaddon, a Phrifysgol Caerdydd. Ymhlith themâu amrywiol y papurau y bu 'Perfformiad Amgylcheddol Corfforaethol a Risg Cwymp ym mhris stociau; Gollyngiadau Carbon yn y Gadwyn Gyflenwi; Gwerthoedd Personol y Prif Weithredwyr a Pherfformiad Amgylcheddol, Cymdeithasol a Llywodraethu (ESG); Arloesi Gwyrdd; Ansicrwydd Polisi Hinsawdd; Diraddio Amgylcheddol a'r Economi Ddigidol; Cyfrifo Difodiant ar gyfer Dad-ddifodiant ac Ail-wylltio; Mwg o Danau Gwyllt a Busnesau Lleol'.
Cafodd y prif gyflwyniad ei draddodi gan yr Athro Hisham Farag, Prifysgol Birmingham.
Yn dilyn sylwadau i gloi’r gynhadledd gan Dr. Onur Kemal Tosun, Cyfarwyddwr CSFRG, daeth y gynhadledd i ben gyda Chinio Gala.