The Research Group in Responsible Finance (GReFA) is pleased to invite you to its first annual conference in Applied & Sustainable Financial management on May 5th, 2022.

The Conference is hosted by the Finance department of École de Gestion at the University of Sherbrooke. The Conference is a hybrid meeting, in person and virtual attendees. The meeting brings together scholars from various specialities in financial economics. It also provides a forum for presenting new research results and discussing current issues in sustainable finance.

Keynote Speaker:

Lawrence Kryzanowski (Concordia University)

Professor Lawrence Kryzanowski is a Senior Concordia University Research Chair in Finance. His research focus on financial misrepresentations; rate of return and capital structure of regulated utilities; management of investments for institutions and individuals; capital market trading; financial services; mergers/acquisitions/reorganizations; new corporate and governmental financings; risk management; agency issues; political corruption and risk; effect of natural disasters. Lawrence Kryzanowski has published over 160 articles in refereed journals, such as the Bell Journal of Economics, Journal of Finance, Journal of Financial Economics, Journal of Financial & Quantitative Analysis, Journal of Money, Credit & Banking, Review of Finance and other academic journals.

Dr Kryzanowski was the founding chairperson/promoter in 1988 of the Northern Finance Association. He continues to be a Governor Emeritus at Concordia University; an Advisory Editor with the European Journal of Finance; Associate Editor with The International Review of Financial Analysis and Frontier of Finance and Economics; and Editorial Board Member with Canadian J. of Administrative Sciences, Managerial Finance, Studies in Economics and Finance, and Finance India. He is a former President of the Multinational Finance Society.

Conference Program :

Program Chair:

Hyacinthe Somé, Associate Professor, Université de Sherbrooke

Conference Location:

École de Gestion, Room K1-2004, Université de Sherbrooke

For Virtual Attendees:


Conference Committee

  • Bluteau, Keven*
  • Coggins, Frank
  • Farhat, Amel*
  • Gentzoglanis, Anastassios*
  • Somé, Hyacinthe – Program Chair
  • Hessou, Helyoth*
  • Mackay, Anne*
  • Trudel, Yves
The * indicates discussant.

Conference Presenters

  • Al Guindy, Mohamed – Carleton University
  • Ardia, David – HEC Montréal
  • Kryzanoski, Lawrence – Concordia University
  • Perez, Yannick – Paris-Saclay University
  • Racicot, Francois-Eric – Ottawa University

External Discussant

  • Tremblay-Simard, Andréanne – Université Laval


Please contact Hyacinthe Somé


Please contact Mohammad Refakar

Program (Subject to Change):

AM Sessions

Chairperson: Hyacinthe Somé, Département de Finance, Université de Sherbrooke

8:30 - 8:40: Session AM1 - Welcome and Opening words

8:45 - 10:00: Session AM2 - Keynote Speaker

Presenter: Lawrence Kryzanowski, Senior Concordia University Research Chair, Finance

"Corporate Securities Fraud: Share Pledging and Investor-firm Interactions"

Discussant: Andréanne Tremblay-Simard, Département de Finance, Assurance et Immobilier, Université Laval

10:05 - 11:05: Session AM3 - ESG

Presenter: Yannick Perez, CentralSupélec - Paris Saclay

"Economics of Electric Mobility"

Yannick Perez, CentralSupélec, Paris Saclay University
Wale Arowolo, CentralSupélec, Paris Saclay University

Discussant: Anastasos Gentzogalnis, Département de Finance, Université de Sherbrooke

11:10 - 12:10: Session AM4 - Social Network and Finance

Presenter: Mohamed Al Guindy, Carleton University

"The Social Internetwork and Stock Returns"

Mohamed Al Guindy, Carleton University
Ryan Riordan, Smith School of Business, Queen’s University

Discussant: Keven Bluteau, Département de Finance, Université de Sherbrooke

12:15 - 13:20: Lunch

PM Sessions

Chairperson: Yves Trudel, Département de Finance, Université de Sherbrooke

13:25 - 14:25: Session PM1 - Hedge Funds Performance

Presenter: David Ardia, HEC Montreal

“Evaluating Hedge Fund Performance when Models are Misspecified"

David Ardia, GERAD & HEC Montreal
Laurent Barras, University of Luxembourg
Patrick Gagliardini, Università della Svizzera Italiana, Swiss Finance Institute
Olivier Scaillet, University of Geneva, Swiss Finance Institute

Discussant: Helyoth Hessou, Département de Finance, Université de Sherbrooke

14:30 - 15:30: Session PM2 - Market Risk and the Business Cycle

Presenter: Francois Eric Racicot, Telfer School of Business

"The dynamics of risk monitoring and leveraging by hedge funds over the business cycle"

Francois Eric Racicot, Telfer School of Business
Raymond Théoret, Université du Québec à Montréal

Discussant: Anne Mackay, Département de Finance et Département de Mathématiques, Université de Sherbrooke

15:35 - 17:00: Cocktail