Self-fulfilling illiquidity and market collapse with (seemingly irrelevant) price controls

Jordan Martel, Edward Van Wesep, Brian Waters

Technology Adoption, Market Power, and the Dual Dynamics of Value Premium and Markups

xiaoji Lin, Chao Ying, Terry Zhang

The Empirical Virtue of Complexity in Simple Economic Models

Kerry Back, Alexander Ober, Seth Pruitt

The Subjective Belief Factor

Tingyue Cui, Ricardo De la O, Sean Myers

Expectations and the Term Structure of Interest Rates

Pooya Molavi, Alireza Tahbaz-Salehi, Andrea Vedolin

Demand Propagation Through Traded Risk Factors

Yu An, Amy Huber

Canaries in the Coal Mine: Firm Response to Biodiversity Policy Risk

Ricardo Pena, Shikhar Singla, Zirui Wang

Uncertainty, Stock Prices, and Debt Structure

Ali Ozdagli, Jianlin Wang

Dirty Business: Transition Risk of Factor Portfolios

Ravi Jagannathan, Iwan Meier, Valeri Sokolovski

Expectations and Experience Effects: New Facts From an Empirical Model

Heiner Beckmeyer, Ahmed Guecioueur

Belief Distortions and Unemployment Fluctuations

Do Lee

Does Climate Change Affect Retail Investors? Your Opinion Matters

Ai He, Siwen Zhang

Pass-through Mutual Funds, Flow of Funds, and Low-Risk Anomaly

Seokwoo Lee, Matthew Linn

Discussant: Xindi He

When Retail Meets Informed: How News Days Drive Retail Losses

Azi Ben-Rephael, Vincent Bogousslavsky, Dmitriy Muravyev

Discussant: Ferhat Akbas

Shadow of Loss: Mutual Fund Tail Behavior and Investor Flows

Yong Chen, Wenting Dai

Discussant: Yijun Zhou

Optimal Sharpe Ratio Timing with Stop Loss

Yufeng Han, Hong Liu, Jing Xu, Guofu Zhou

A Century of Market Reversals: Resurrecting Volatility

Vincent Bogousslavsky, Blake LeBaron, Jeffrey Pontiff

Local Estimation for Option Pricing: Improving Forecasts with Market State Information

Hyung Joo Kim, Dong Hwan Oh

Nocturnal Trading

Gregory Eaton, Andriy Shkilko, Ingrid Werner

Manipulating Algorithmic Markets

Pedro Tremacoldi-Rossi

Dark Crypto

Thomas Ernst, Bryan Routledge, Chester Spatt, Ariel Zetlin-Jones

Mixology: Order Flow Segmentation Design

Joshua Mollner

Discussant: Yu An

The Secondary Market for Syndicated Loans

Jan-Peter Siedlarek, Vladimir Yankov

Discussant: Yijia (Eddie) Zhao

Splitting and Shuffling: Institutional Trading Motives and Order Submissions Across Brokers

Munhee Han, Sanghyun {Hugh} Kim, Vikram Nanda

Discussant: Yanbin Wu

Data as Collateral: Open Banking for Small Business Lending

Tong Yu

Interoperable Payment Infrastructure and Retail Investment

Meghana Ayyagari, Yuxi Cheng, Pulak Ghosh, Nirupama Kulkarni

Fintech Access and Consumption Smoothing

Long Chen, Xavier Giroud, Yingju Ma, Neng Wang

Climate Policy Abroad, Emissions at Home: Pollution Reshoring by U.S. Multinationals

Jing He, Vojislav Maksimovic, Daxuan Zhao

Multinationals and Uncertainty: The Role of Internal Capital Markets

Jianlin Wang

Beyond the Fundamentals: How Media-Driven Narratives Influence Cross-Border Capital Flows

Isha Agarwal, Wentong Chen, Eswar Prasad