Congjing Song
Congjing Song is an Accounting and Finance PhD student. Her research focuses on climate change and financial risks.
Biography
Congjing Song began her PhD studies in September 2022. She is expected to complete her studies in September 2026.
Qualifications
- MSc in Quantitative Finance and Risk Management (Distinction) - Newcastle University, UK
- Bachelor of Economics in Resource and Environmental Economics - Hubei University of Economics, China
Congjing has attended a number of PhD training activities since joining the Accounting & Finance PhD programme. These include:
- training courses
- research seminars
- workshops
- hands-on empirical sessions
Research
Congjing has presented her research at several conferences, including:
- Third Annual Conference of Academy of Sustainable Finance, Accounting, Accountability & Governance (ASFAAG) in Valencia, Spain (July 2023)
- Cardiff Sustainable Finance Conference in November 2023 in Cardiff, UK (November 2023)
Teaching
During the 2022/23 academic year, Congjing worked as a teaching assistant for the NBS8203 Retail and Investment Banking module. She assisted with the Bloomberg Global Trading Challenge from September to November 2023. She was a research assistant for a Green Finance research project from April to June 2023.
Project details
Subject Group
Title
"Climate Change and Financial Risks"
Description
Congjing's PhD research lies in the broad area of green finance. It focuses specifically on climate change and financial risks.
The first chapter of her PhD thesis explores the link between corporate environmental performance and stock price crash risk. The analysis relies on a unique data set that runs from 2004 to 2022. It consists of 4,562 firms across 10 different industries in 35 economies.
The results show that corporate environmental performance is negatively related to the stock price crash risk. Institutional investors and analysts’ coverage play a significant role in the relationship under scrutiny. The Covid-19 crisis significantly distorts the linkage between corporate environmental performance and stock price crash risk.
The second chapter of her thesis investigates the hedging performance of green, climate-themed, social, and sustainable bonds. This is in light of the latest social, economic, and financial turbulences.