25
5th Finance and Productivity (FINPRO) Conference "Corporate Finance and Productivity in Times of Geopolitical Fragmentation"
A conference jointly organised by the International Monetary Fund (IMF), The University of Tokyo/Center for Advanced Research in Finance (CARF), the Competitiveness Research Network (CompNet), the Halle Institute for Economic Research (IWH), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the University of Amsterdam, and the Centre for Economic Policy Research (CEPR).
Who
Where
We are delighted to invite submissions for the upcoming academic conference on “Corporate Finance and Productivity in Times of Geopolitical Fragmentation” to be held in Tokyo on 24–25 April 2026.
Building on the tradition of earlier FINPRO conferences, FINPRO5 will focus on how firms adapt their investment and financing decisions and build resilience in response to geopolitical uncertainty, tighter fiscal space and financial conditions, supply-chain disruptions, and climate-related factors. The conference will explore how these and other external shocks and resource limitations are reshaping the ability of firms to invest, innovate, and sustain productivity.
We aim to bring together scholars, policymakers, financial institutions, and industry leaders to examine firm-level responses, innovative financing mechanisms, and strategic pathways for resilience and productivity growth in a rapidly changing global environment.
Topics of Interest
- Geopolitical fragmentation and other external shocks: impacts on firms’ tangible and intangible investments, operations, and productivity
- Fiscal and financing constraints for firms and governments and their implications for resilient investment and capital reallocation
- Innovative financing approaches for sustainable and resilient firm-level investment
- Firm-level adaptation strategies for managing supply chain disruptions, resource constraints, and environmental risks
- Financial instruments and policy frameworks supporting resilience, efficient capital allocation, and capacity to invest
- The role of private sector engagement in resilient infrastructure deployment and productivity-enhancing investment
We welcome both empirical and theoretical contributions.
Keynote Speakers
We are honoured to have Ayhan Kose (The World Bank) (tbc) and Laura Alfaro (Harvard Business School) as keynote speakers.
Submission Details
The deadline for paper submission is 6 pm (GMT), 30 November 2025. Papers should be submitted via the following online form: [here].
Selected authors will be notified by 20 December 2025. Each paper will be assigned to a discussant selected from experts in the field.
Funding
There is limited travel and accommodation funding available, and we particularly wish to facilitate the participation of young researchers. We encourage more senior participants to use their own research funds where possible. Please indicate in your reply whether you will be able to cover your own costs or whether you will require funding to attend.
Organisation
Programme Committee:
- Filippo di Mauro (CompNet)
- Anne Oeking (IMF)
- Kenichi Ueda (CARF - University of Tokyo)
- Andrea Caggese (UPF)
- Ralph de Haas (EBRD)
- Debora Revoltella (EIB)
- Michael Koetter (IWH)
- Pedro Armada (IWH)
- Javier Miranda (IWH)
Local Organisation (Tokyo):
- Tomoko Katagiri (IMF)
- CompNet Administration Team
