A Rear-mirror View to the 11th FIN-FIRE “Challenges to Financial Stability” Workshop
Erik Ködel, Michael Koetter
Wirtschaft im Wandel,
No. 3,
2025
Abstract
On September 25th, financial economists from all over the world travelled for the 11th time to Halle (Saale) to attend the annual FIN-FIRE Workshop at IWH. During two days, authors of ten papers covered a comprehensive overview of contemporary issues that pose potential challenges to the financial system, including data privacy in mortgage markets, climate risks in bond markets, synthetic risk transfers, the effects of geopolitical risks for lending, as well as granular perspectives on the transmission of monetary policy. An intense exchange of thoughts between authors, discussants, and the audience yielded genuinely new insights into the resilience and fragility of financial systems.
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Media Response
Media Response April 2026 IWH: Wenn im Mittelstand das Licht ausgeht in: Der Spiegel, 17.04.2026 IWH: Was geschieht mit insolventen Unternehmen? in: Frankfurter Allgemeine…
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Alumni
Alumni IWH provides guidance and support in job placement after graduation, including letters of recommendation and career advice. Graduates have found placements in academia…
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Research Clusters
Three Research Clusters Each IWH research group is assigned to a topic-oriented research cluster. The clusters are not separate organisational units, but rather bundle the…
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Halle Institute for Economic Research
Energy Price Shock Dampens Recovery – Inflation Rises Although the leading economic research institutes, in their joint spring forecast, consider the German economy to be in a…
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Understanding CSR Champions: A Machine Learning Approach
Alona Bilokha, Mingying Cheng, Mengchuan Fu, Iftekhar Hasan
Annals of Operations Research,
Vol. 347 (April),
2025
Abstract
In this paper, we study champions of corporate social responsibility (CSR) performance among the U.S. publicly traded firms and their common characteristics by utilizing machine learning algorithms to identify predictors of firms’ CSR activity. We contribute to the CSR and leadership determinants literature by introducing the first comprehensive framework for analyzing the factors associated with corporate engagement with socially responsible behaviors by grouping all relevant predictors into four broad categories: corporate governance, managerial incentives, leadership, and firm characteristics. We find that strong corporate governance characteristics, as manifested in board member heterogeneity and managerial incentives, are the top predictors of CSR performance. Our results suggest policy implications for providing incentives and fostering characteristics conducive to firms “doing good.”
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Research Articles
Research Articles Explore cutting-edge research based on CompNet’s micro-aggregated firm-level data and related analytical tools. These articles cover empirical and theoretical…
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TSI Concluding Conference – March 17-18, 2025, Berlin
TSI Concluding Conference 17-18 March 2025 in Berlin The TSI Concluding Conference , held in Berlin on March 17–18, 2025 , brought together key stakeholders from across the TSI…
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Monetary Policy
Monetary policy How firms respond to sudden changes in profitability affects the process of job creation, job destruction, aggregate investment and how fast resources are…
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MDI Research Lab
Extended MDI Output The Extended MDI Output research projects encompass diverse areas, including Trade and Competitiveness, investigating productivity diffusion within Global…
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