Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 16th Jan 2026, 11:32:01pm PST
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Session Overview |
| Date: Thursday, 12/Mar/2026 | |
| 1:30pm - 3:15pm | The Dynamics of Human Capital Accumulation Location: Adriatic |
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Human Capital, Competition and Mobility in the Managerial Labor Market 1Rice University; 2Warwick Business School; 3Duke University The Glass Ceiling from Day Zero: Path Dependence in Financial Advisors' Careers. 1Arizona State University; 2Indiana University When Large Employers Dominate: Inventor Marketability and Knowledge Flow 1York Universsity, Canada; 2University of Waterloo |
| 1:30pm - 3:15pm | Technology, Regulations, and Asset Prices Location: Aegean Session Chair: Nancy Xu |
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Self-fulfilling illiquidity and market collapse with (seemingly irrelevant) price controls 1Indiana University Bloomington, United States of America; 2University of Colorado Boulder Technology Adoption, Market Power, and the Dual Dynamics of Value Premium and Markups 1UMN; 2Chinese University of Hong Kong; 3ANU The Empirical Virtue of Complexity in Simple Economic Models 1ASU, United States of America; 2Rice, USA |
| 1:30pm - 3:15pm | Fund Performance Location: Baltic Session Chair: Yuri Tserlukevich |
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Relationship Nonbankers 1Dartmouth College; 2Frankfurt School of Finance & Management Does Fund Size Affect Private Equity Performance? Evidence from Donations to Private Universities 1University of North Carolina, Chapel Hill, United States of America; 2Tulane University; 3New York University; 4University of Missouri Contract Evaluation Horizon and Fund Performance 1Office of Financial Research (OFR), US Treasury, United States of America; 2Vanderbilt University; 3Southern Methodist University |
| 1:30pm - 3:15pm | Factors and Fundamentals Location: Bering |
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On the Macroeconomic Foundations of the Anomaly Zoo 1University of Missouri, United States of America; 2Miami University, United States of America; 3Lehigh University, United States of America Mispricing and Firm Investment 1North Carolina State University; 2Texas A&M University Macroeconomic Shocks and Cross-sectional Stock Returns Mays Business School, Texas A&M University, United States of America |
| 1:30pm - 3:15pm | Institutional Investors, Executives, and Corporate Governance Location: Caribbean |
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Majority Voting Legislation and CEO Incentive Compensation University of Tennessee, Knoxville, United States of America Betting on the CEO 1Copenhagen Business School, Denmark; 2Hong Kong University of Science and Technology Transparency in Voting: When and Why Institutional Investors Provide Voting Rationales 1University of Miami; 2University of Hong Kong; 3Nova School of Business Economics; 4University of Toronto, Canada |
| 1:30pm - 3:15pm | Politics, Institutions, and Regulatory Performance Location: Caspian |
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When Regulation Misses the Market: Sources of Policy Failure in Banking 1Tulane University, United States of America; 2Federal Reserve Board The Deep State and the Liberal Drift of Financial Regulators 1University of Rochester; 2Arizona State University; 3Auburn University Does Systemically Important Bank Status Affect Loan Performance? 1Rochester Institute of Technology; 2Boston College; 3Indian Institute of Management, Ahmedabad; 4Indian School of Business |
| 1:30pm - 3:15pm | Risky Asset Demand Location: Pacific 1 |
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Higher-Order Beliefs and Risky Asset Holdings 1UCL, United Kingdom; 2UC Berkeley Revealed Preference for Green Stocks: An Asset Demand Approach University of South Carolina, United States of America How (Not) to Identify Demand Elasticities in Dynamic Asset Markets 1University of Rochester, United States of America; 2University of Pennsylvania |
| 1:30pm - 3:15pm | Market Frictions, Anomalies, and Behavioral Drivers Location: Pacific 2 Session Chair: Dmitriy Muravyev |
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Robinhood’s Forced Liquidations 1Wilfrid Laurier University; 2Instituto Tecnológico Autónomo de México; 3University of Illinois Urbana-Champaign; 4Instituto Tecnológico Autónomo de México Coherent Option Pricing 1Chinese University of Hong Kong; 2Binghamton University; 3Pennsylvania State University In Search of Seasonality in Intraday and Overnight Option Returns 1Georgetown University; 2University of Lausanne and Swiss Finance Institute; 3ESCP Business School; 4University of Neuchatel |
| 1:30pm - 3:15pm | Unconventional Determinants of Asset Prices Location: Pacific 3 |
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Inefficient IPO Pricing? Evidence from Insiders’ Trades at Rival Firms 1Auburn University, United States of America; 2University of Toledo, United States of America Household Portfolio and Deposit Insurance: Implications for the Supply of Safe Assets 1Olin School fo Business, Washington University in St Louis, United States of America; 2IIM Bangalore; 3Bocconi University When Growth Fuels Climate Risk and Climate Propels Decarbonization: A Model of Climate Feedback and Asset Pricing 1Duke University; 2University of Illinois at Urbana-Champaign |
| 3:30pm - 5:15pm | Distortions and Allocations in the Labor Market Location: Adriatic |
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Stock Price Shocks and Skill Changes 1Tsinghua University; 2University of Maryland; 3Central University of Finance and Economics How Bankers’ Outside Options Affect Financial Risk University of Bonn, Germany Old Workers, New Capital 1HEC Montreal, Canada; 2Pennsylvania State University, United States of America |
| 3:30pm - 5:15pm | Expectations and Asset Prices Location: Aegean Session Chair: Liyan Yang |
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The Subjective Belief Factor 1The Wharton School; 2USC Marshall, United States of America Expectations and the Term Structure of Interest Rates 1Northwestern University, Kellogg School of Management; 2Boston University Demand Propagation Through Traded Risk Factors 1The Wharton School, United States of America; 2Johns Hopkins Carey |
| 3:30pm - 5:15pm | Capital Structure and Financing Location: Baltic Session Chair: Pavel Zryumov |
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Equity ATMs University of Toronto Demandable debt and leverage ratchet effect 1University of Rochester, United States of America; 2NYU Shanghai; 3University of Sussex Debt Maturity and Commitment on Firm Policies 1WBS - University of Warwick, United Kingdom; 2Federal Reserve Bank of Dallas |
| 3:30pm - 5:15pm | Elasticities and Demand for Stocks Location: Bering Session Chair: John Shim |
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A Bound on Price Impact and Disagreement 1Harvard Business School; 2University of Lausanne, Switzerland; 3Olin Business School, Washington University in St. Louis Endogenous Elasticities: Price Multipliers Are Smaller for Larger Demand Shocks 1The Ohio State University, United States of America; 2University of Utah, United States of America The Inelastic Investors: Passive Demand and the Reshaping of Stock Prices University of Quebec at Montreal, Canada |
| 3:30pm - 5:15pm | Public and Private Funds Location: Caribbean Session Chair: Chotibhak Jotikasthira |
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Unrealized Trading Gains: An Accounting-Based Explanation of Market Inelasticity Drexel University Loan-funded Loans: Asset-like Liabilities inside Bank Holding Companies 1Georgetown University; 2University of Florida; 3Tulane University The Impact of Monetary Policy on Venture Capital Finance 1FGV EAESP - Sao Paulo School of Business Administration; 2Pontifical Catholic University of Rio de Janeiro; 3University of Illinois at Urbana-Champaign |
| 3:30pm - 5:15pm | Liquidity, Fragility, and Monetary Transmission Location: Caspian Session Chair: Andrew Winton |
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Municipal Financing and Monetary Policy Transmission University of Kentucky, United States of America What Quantity of Reserves Is Sufficient? University of Minnesota Bank Lending Fragility After Mergers 1The Wharton School, University of Pennsylvania; 2University of Texas Arlington and Federal Reserve Bank Dallas; 3University of Michigan |
| 3:30pm - 5:15pm | Aspects of the Stochastic Discount Factor Location: Pacific 1 Session Chair: Seth Pruitt |
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Transaction Costs and the Stochastic Discount Factor Queen Mary University Of London Cross-Sectional Learning and Inference for the Stochastic Discount Factor 1Hong Kong University of Science and Technology; 2University of Macau Did I make myself clear? The Fed and the market under the 2020 monetary policy framework 1Duke Fuqua, United States of America; 2Oxford Economics; 3UT Dallas |
| 3:30pm - 5:15pm | Bond Market Microstructure: Auctions, Dealers, and Public Finance Location: Pacific 2 |
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More investors, more problems? Bond market liberalization and innovation 1Rice University; 2Shanghai Jiao Tong University; 3University of Minnesota; 4Dongbei University of Finance and Economics Treasury Auctions and Long-Term Bond Yields 1Northeastern University, United States of America; 2Harvard Business School, United States; 3Harvard University, United States Dealer Quid Pro Quo in the Municipal Bond Market 1FSU, United States of America; 2University of Georgia; 3University of Georgia |
| 3:30pm - 5:15pm | Insiders and Outsiders Location: Pacific 3 |
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Mixed Messages by Firms’ Managers: An Exploration into the Strategic Use of Tonal Inconsistency across Managerial Financial Communications PhD candidate in Finance at Schulich School of Business, York University; Visiting Researcher at Rady School of Management, UCSD Inside Out: Who Trade Before the Start of Cyber Attacks? 1Baruch College, City University of New York; 2Central University of Finance and Economics; 3Dongbei University of Finance and Economics Detecting Informed Trade by Corporate Insiders 1Carnegie Mellon University, United States of America; 2Rice University |
| Date: Friday, 13/Mar/2026 | |
| 8:00am - 9:45am | Doctoral Symposium - Shock Transmission Location: Adriatic Session Chair: Andres Almazan |
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Monetary Transmission in Equity Markets: Evidence from Financial Intermediaries Yale University, United States of America Private Fund Capital Calls, Investor Portfolios, and Spillovers USC Marshall Tax Revenue Sensitivity and Bond Valuation Indiana University, United States of America |
| 8:00am - 9:45am | Policy Risk and Asset Prices Location: Aegean |
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Canaries in the Coal Mine: Firm Response to Biodiversity Policy Risk McCombs School at the University of Texas at Austin, United States of America Uncertainty, Stock Prices, and Debt Structure 1Federal Reserve Bank of Dallas; 2Leavey School of Business, Santa Clara University Dirty Business: Transition Risk of Factor Portfolios 1Kellogg School of Management, Northwestern University; 2HEC Montréal; 3Alberta School of Business, University of Alberta |
| 8:00am - 9:45am | Funds and Corporate Governance Location: Baltic |
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All Shareholder Votes Are Not Created Equal 1University of Utah, United States of America; 2Northeastern University, United States of America Fund Proliferation, Decentralization, and Shareholder Power 1Boston College; 2University of Toronto Control Rights or Wrongs? Active versus Index Governance 1Wharton School of the University of Pennsylvania; 2School of Law, University of Georgia; 3Desautels Faculty of Management, McGill University |
| 8:00am - 9:45am | Cost of Credit: Transmission Mechanisms Location: Bering Session Chair: Camelia Minoiu |
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The Transmission of Corporate Tax Cuts to Consumer Loans: Evidence from the TCJA 1University of Chicago; 2Stanford University; 3Erasmus University The Response of Debtors to Rate Changes 1Nova School of Business and Economics; 2Ecole Polytechnique Federale de Lausanne (EPFL); 3Goethe University Frankfurt; 4Purdue University When Banks Fail: Depositor Attention and the Cost of Funding for Survivors 1Emory University Goizueta Business School; 2Boston College |
| 8:00am - 9:45am | Corporate Financing and Hedging Location: Caribbean Session Chair: Fotis Grigoris |
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Public Debt and Private Investment: The Role of Firm Leverage 1Georgia Institute of Technology, United States of America; 2Bilkent University; 3Notre Dame Financing and the Green Paradox 1boston college, United States of America; 2Kelley School of Business; 3Technical University of Denmark The Economics of Financial and Operational Hedging: Insights from U.S. Power Plants 1Stockholm School of Economics; 2Shanghai Advanced Institute of Finance; 3CEPR |
| 8:00am - 9:45am | Networks, Knowledge, and M&A Outcomes Location: Caspian Session Chair: Liu Yang |
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Try Before You Buy: Measuring Innovation Synergy Using Textual Analysis Truman State University, United States of America Blockholder Networks, Information Exchange, and M&A Performance 1University of Cambridge, Cambridge Judge Business School, United Kingdom; 2University of Hamburg Business School, Germany; 3Leuphana University, Germany When Roll-up Breaks: Serial Private Equity Acquisitions in the Hospital Industry Duke University, Fuqua School of Business |
| 8:00am - 9:45am | Entrepreneurship and labor market shocks Location: Pacific 1 |
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Entrepreneur Experience and Success: Causal Evidence from Immigration Wait Lines 1University of North Carolina, Chapel Hill, United States of America; 2University of North Carolina, Chapel Hill, United States of America; 3University of Pennsylvania Aiming Low: Necessity Entrepreneurs and the Choice to Incorporate 1HEC Montreal; 2UQAM; 3University of Alberta The "Great Reshuffling" and Entrepreneurship 1Carnegie Mellon University; 2University of Illinois Urbana-Champaign; 3Washington University in St. Louis |
| 8:00am - 9:45am | Banks and Monetary Policy Location: Pacific 2 Session Chair: Jincheng Tong |
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Ample Reserves for Whom? The Role of Foreign Banks in U.S. Monetary Policy Implementation 1Kellogg School of Management, Northwestern University; 2Northwestern University Banks and the State-Dependent Effects of Monetary Policy 1Nortwestern University, USA; 2Bank of Italy, Italy; 3NBER; 4Northwestern University Kellogg School of Management; 5CEPR; 6Goethe University Frankfurt; 7IWH Indirect Credit Supply: How Bank Lending to Private Credit Shapes Monetary Policy Transmission 1Federal Reserve Board of Governors, United States of America; 2Penn State University |
| 8:00am - 9:45am | Machine Learning, Expectations, and Information in Derivative Pricing Location: Pacific 3 |
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Subjective Expectations for Variance and Skewness: Evidence from Analyst Forecasts 1UVA Darden; 2City University of Hong Kong; 3Chinese University of Hong Kong Attention-based Graph Neural Networks in Firm CDS Prediction 1Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University, China, People's Republic of; 2University of Utah Unpacking Retail Trading Costs: the Role of Options Trading and Limit Order Usage 1University of Illinois Urbana-Champaign; 2Boston College; 3Chapman University |
| 10:00am - 11:45am | Doctoral Symposium - Finance and Institutions Location: Adriatic Session Chair: Andres Almazan |
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Returns to scale in passive management: Evidence from ETFs University of California at Irvine, United States of America Reaching for Yield in Target Date Funds The Ohio State University, United States of America The Forgotten Channel: Long-Term Impacts of GFC-era Foreclosures UT Austin, McCombs, United States of America |
| 10:00am - 11:45am | Beliefs Location: Aegean Session Chair: Hongjun Yan |
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Expectations and Experience Effects: New Facts From an Empirical Model 1University of Muenster; 2University of Washington Belief Distortions and Unemployment Fluctuations New York University, United States of America Does Climate Change Affect Retail Investors? Your Opinion Matters University of South Carolina, United States of America |
| 10:00am - 11:45am | ESG and Strategic Firm Choices Location: Baltic Session Chair: Zoey Zhou |
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Do Firms Become More Socially Responsible Reacting to School Shootings? 1John Carroll University, United States of America; 2Lancaster University, United Kingdom Temperature, Adaptation, and Local Industry Concentration 1University of Illinois Urbana Champaign, United States of America; 2Northwestern University Two Centuries of U.S. Innovation and the Capital Channel: Evidence from Natural Disasters Indiana University, United States of America |
| 10:00am - 11:45am | Financial Inclusion I Location: Bering Session Chair: Isaac Hacamo |
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Shedding Light on Bias: Consumer Complaint Disclosure and Racial Equity in Financial Services 1Fordham University; 2Peking University Partisan Loan Officers and the Racial Gap in Mortgage Lending University of North Carolina at Charlotte Information Regimes and Financial Inclusion University of Maryland |
| 10:00am - 11:45am | Unintended Regulation Location: Caribbean Session Chair: James Weston |
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The Road to False Positives: Indirect Effects of Reg SHO 1Northwestern University; 2Southern Methodist University; 3Central Michigan University; 4University of Arizona Commercial Eviction Moratoria, Liquidity Relief, and Business Closure Boston College, United States of America Do Debt Collection Restrictions Hurt Hospitals? 1The University of Texas at Dallas; 2Singapore Management University; 3NUS Business School |
| 10:00am - 11:45am | Financing and Oversight in M&A Location: Caspian Session Chair: Richard Thakor |
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The Role of Credit Lines in Funding Takeovers Virginia Tech, United States of America Why Are Acquisitions of Unlisted Firms Better Deals? Evidence from OTC Markets Virginia Tech Watchdog or Showdog? Spotlight Chasing in Antitrust Enforcement 1Stanford University, United States of America; 2Yale University, United States of America |
| 10:00am - 11:45am | Regulation, Private Capital, and Banks Location: Pacific 1 |
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The Private Equity Experiment of U.S. Banking Industry 1Stony Brook University, United States of America; 2The Federal Reserve Bank of Boston Institutional Investor Protection: Evidence from Conflict-of-Interest Regulation in Private Equity Harvard Business School Banks on the Block: Branch Proximity and Small Business Performance University of Maryland, United States of America |
| 10:00am - 11:45am | QJF Special Session Location: Pacific 2 |
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Triangular Pure Parity Deviations 1NYU Stern, United States of America; 2Johannes Kepler University Linz; 3BI Norwegian Business School The US Treasury’s Biggest Short: Duration in the Shadows NYU Stern, United States of America When Buys Move Markets More than Sells: How Institutions Boost Prices without Net Buying University of Maryland, United States of America |
| 10:00am - 11:45am | Measuring Behavior with AI Location: Pacific 3 |
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The Market's Mirror: Revealing Investor Disagreement with LLMs 1The George Washington University; 2University of Colorado at Boulder; 3Indiana University Awkward Silence: Is Manager Hesitation Informative? University of Texas at Dallas, United States of America Just Look: Knowing Peers with Image Representation 1University of Missouri, United States of America; 2Poznan University |
| 1:30pm - 3:15pm | Doctoral Symposium - Corporate Finance Location: Adriatic Session Chair: Andres Almazan |
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Bridging Markets: Equity Investors' Dual Roles in Corporate Debt Financing University of Minnesota, United States of America Corporate Finance in the Subscription Ecoonmy Boston College, United States of America Financing Risk and Startup Growth Yale University, United States of America |
| 1:30pm - 3:15pm | Investor Behavior Location: Aegean Session Chair: Dexin Zhou |
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Pass-through Mutual Funds, Flow of Funds, and Low-Risk Anomaly 1University of Maryland; 2University of Massachusetts When Retail Meets Informed: How News Days Drive Retail Losses 1Rutgers University; 2Boston College; 3University of Illinois Urbana-Champaign Shadow of Loss: Mutual Fund Tail Behavior and Investor Flows 1Texas A&M University; 2Nankai University |
| 1:30pm - 3:15pm | ESG: Incentives in the Public and Private Sectors Location: Baltic Session Chair: Aymeric Bellon |
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The Unintended Consequences of Carbon Markets Northwestern University - Kellogg School of Management, United States of America The Green Value of BigTech Credit 1Cheung Kong Graduate School of Business; 2Sun Yat-Sen University; 3Peking University; 4Shanghai Jiao Tong University Green Waste: Misallocation of Green Investment Subsidies 1The Ohio State University, United States of America; 2University of Chicago, United States of America |
| 1:30pm - 3:15pm | Financial inclusion II Location: Bering |
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The costs of financial fraud victimization 1Indiana University; 2University of Kentucky Economic Opportunity Costs: Banking Access and Educational (Dis)Investment 1National University of Singapore; 2Indian Institute of Management Bangalore Immigration and Credit in America 1University of Colorado Boulder; 2Rice University; 3University of California San Diego |
| 1:30pm - 3:15pm | Information and Markets Location: Caribbean Session Chair: Russell Jame |
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AI Washing University of Florida, United States of America Organized Crime, Public Procurement, and Firms Northwestern University Kellogg School of Management Salient Signals of Economic Transitions in Analyst Forecasting: Evidence from the Electric Vehicle Era 1Singapore Management University, Singapore; 2University of Washington; 3City University of Hong Kong |
| 1:30pm - 3:15pm | Intermediation Location: Caspian Session Chair: Veronika Pool |
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The Hidden Costs of Financial Services: Consumer Complaints and Financial Restitution 1Southern Methodist University; 2Arizona State University Securities losses, Interbank Markets, and Monetary Policy Transmission: Evidence from the Eurozone 1Stockholm School of Economics; 2Barnard College, Columbia University, United States of America; 3ECB; 4Columbia Business School Rebalancing of Currency Hedging and the Impact on Exchange Rates 1NHH Norwegian School of Economics; 2BI Norwegian Business School; 3Norges Bank Relationship Lending in Bond Markets? McGill University |
| 1:30pm - 3:15pm | Imperfect Competition and Price Efficiency Location: Pacific 1 Session Chair: Michael Sockin |
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When Silicon Valley Meets Wall Street: A Theory of Financial Overengineering 1Hong Kong University of Science and Technology; 2Keio University Institutional Ownership Concentration and Informational Efficiency 1University of Hong Kong, Hong Kong S.A.R. (China); 2University of Toronto; 3Hong Kong University of Science and Technology Riding or Attacking the Bubble? Equity Bubbles and Capital Structure Arbitrage IESEG School of Management, France |
| 1:30pm - 3:15pm | Beliefs, and Macroeconomic Risk Transmission Location: Pacific 2 Session Chair: Altan Pazarbaşı |
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Learning and subjective beliefs about good and bad inflation ranges 1School of Business, University of Kansas; 2Wisconsin School of Business, University of Wisconsin-Madison Safe Haven Status of the U.S. Dollar, Dollar Index Options, and Quantitative Implications for Dynamic Currency Models 1Temple University, United States of America; 2Old Dominion University The Effects of Monetary Policy on Macroeconomic Expectations: High-Frequency Evidence from Traded Event Contracts 1University of California, Irvine; 2CEIBS; 3University of Florida, United States of America |
| 1:30pm - 3:15pm | Forecasting with Machine Learning Location: Pacific 3 |
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Market Risk Premium: A Single Optimal Predictive Factor in High Dimension 1Xiamen University, China, People's Republic of; 2Capital University of Economics and Business, China, People's Republic of; 3Fudan University, China, People's Republic of; 4Washington University in St. Louis, United States of America Improving Hedge Fund Return Prediction: Dealing with Missing Data via Deep Learning 1Florida State University, United States of America; 2University of Edinburgh; 3Federal Reserve Bank of Atlanta; 4University of St. Andrews Will AI Replace or Enhance Human Intelligence in Asset Management? 1Wilfrid Laurier University, Canada; 2University of Texas at Dallas, USA |
| 3:30pm - 5:15pm | Speculation, Hedging, and Rollover Risk in International Financial Markets Location: Adriatic Session Chair: Fabricius Somogyi |
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Who Carries? 1Universidade de São Paulo, Brazil; 2University of Exeter, United Kingdom and CEPR; 3University of Warwick, United Kingdom Speculation, Forward Exchange Demand, and CIP Deviations in Emerging Economies 1University of Maryland; 2Texas A&M University; 3Indiana University Local Currency Debt and Sovereign Rollover Risk 1Seoul National University; 2University of Illinois Urbana Champaign, United States of America; 3Vienna University of Economics and Business |
| 3:30pm - 5:15pm | Volatility, Risk, and Returns Location: Aegean |
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Optimal Sharpe Ratio Timing with Stop Loss 1University of North Carolina at Charlotte, United States of America; 2Washington University in St. Louis; 3Remin University A Century of Market Reversals: Resurrecting Volatility 1Boston College, United States of America; 2Brandeis University, United States of America Local Estimation for Option Pricing: Improving Forecasts with Market State Information Federal Reserve Board, United States of America |
| 3:30pm - 5:15pm | Attention to ESG and the Consequent Effects Location: Baltic |
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Can US equity funds time ESG score updates? 1HEC Liège, Université de Liège / Université Paris Dauphine-PSL; 2HEC Liège, Université de Liège; 3Université Paris Dauphine-PSL Carbon in the Cloud University of Zurich, Switzerland Climate Risk, Credit, and Food Security 1Penn State, United States of America; 2UNC Greensboro, United States of America |
| 3:30pm - 5:15pm | Emerging Markets Location: Bering Session Chair: Meghana Ayyagari |
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Crypto Capture of Foreign Aid 1National University of Singapore, Singapore; 2Cornell University Behind Dollar Savings in Mutual Funds: Are Shifting Sands Threatening Financial Stability? University of Minnesota, United States of America Crowding Out and Banking Crises World Bank, United States of America |
| 3:30pm - 5:15pm | Access to Finance Location: Caribbean Session Chair: Paul Beaumont |
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Firm-Level and Aggregate Effects of Cheaper Liquidity: Evidence from Factoring 1Chinese University of Hong Kong; 2University of Pennsylvania; 3Central Bank of Brazil Group Decision Making Under Real World Uncertainty: Evidence From the Internal Investment Process of a Venture Capital (VC)-Backed Startup Accelerator 1Texas A&M University; 2Texas A&M University Female Skin in the Game: Bridging the Gender Financing Gap Northwestern University |
| 3:30pm - 5:15pm | The Real Effects of Polarization and Partisanship Location: Caspian Session Chair: Runjing Lu |
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Partisan Borders: Political Ideology and Frictions in Interstate Job-to-Job Flows Miami University, United States of America Fiscal Risk Perception: Evidence from Analyst Forecasts 1Boston College; 2University of Hong Kong Political Polarization and Corporate Investment 1University of Nebraska; 2University of Oregon; 3Harbin Institute of Technology, China, People's Republic of; 4Australian National University |
| 3:30pm - 5:15pm | Information Acquisition and Mutual Fund Trading Location: Pacific 1 |
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Familiarity in International Fund Allocation and Performance: Information or Bias Princeton University, United States of America Complementarities in Information Acquisition: Evidence from Mandatory Portfolio Disclosures Indian School of Business, India The complex materiality of proprietary ESG information: Evidence from actively managed funds 1University of Notre Dame; 2University of Arkansas |
| 3:30pm - 5:15pm | Expectations and Banking Location: Pacific 2 Session Chair: Dejanir Silva |
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Granular Markups and Inflation Surge: the role of managerial incentives 1University of Illinois Urbana-Champaign; 2University of Minnesota; 3Indiana University Global Banks’ Macroeconomic Expectations and Credit Supply 1Halle Institute for Economic Research, Germany; 2Zurich University Banking on Inattention 1UW Foster, United States of America; 2NYU Stern, United States of America |
| 3:30pm - 5:15pm | Blockchain & GenAI Location: Pacific 3 |
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Harnessing Generative AI for Economic Insights 1Rochester Institute of Technology; 2Georgia State; 3Purdue University and NBER Irreversibility and Hysteresis in Blockchain Validation Markets Fordham University Systemic Risk by Design? Causal Evidence on Endogenous Blockchain Security 1Federal Reserve Bank of NY, United States of America; 2MIT Sloan School of Management |
| Date: Saturday, 14/Mar/2026 | |
| 8:00am - 9:45am | Corporate Investment and Financing Location: Adriatic |
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Board as Financial Intermediary: Evidence from Board-Interlocking Firms in the Credit Market Tulane University Internal Capital Markets and Production Disruptions 1Indiana University; 2University of Pittsburgh; 3Wayne State University Impact of Risk Management on Product Offerings: Evidence from the Insurance Industry 1Tippie College of Business, University of Iowa; 2Kelley School of Business, Indiana University; 3Cox School of Business, Southern Methodist University; 4G. Brint Ryan College of Business, University of North Texas |
| 8:00am - 9:45am | Market Microstructure: Recent Developments in Trading Location: Aegean |
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Nocturnal Trading 1University of Georgia; 2Ohio State University Manipulating Algorithmic Markets Columbia University, United States of America Dark Crypto 1University of Maryland; 2Carnegie Mellon University |
| 8:00am - 9:45am | Climate and pricing Location: Baltic Session Chair: Ai He |
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The Hidden Effects of Climate Risk: Rising Insurance Premiums Increase Mortgage Delinquency and Drive Relocation to Safer Areas 1NYU; 2Rice; 3dallas fed, United States of America Biodiversity Protection and Housing Markets: Supply, Demand, and Speculation University of Texas at Austin, United States of America Understanding the Pricing of Carbon Emissions: New Evidence from the Stock Market 1Federal Reserve Bank of New York; 2Federal Reserve Board; 3Federal Reserve Bank of Boston |
| 8:00am - 9:45am | Consumer Financial Behavior and Education Location: Bering Session Chair: Umit Gurun |
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Banking Local: Media Slant, Erosion of Trust, and Financial Decisions 1University of Houston; 2University of Houston; 3HSBC Business School, Peking University The Effects of Deleting Medical Debt from Consumer Credit Reports 1University of Illinois at Urbana-Champaign, United States of America; 2National Bureau of Economic Research Financial Literacy and Financial Crime: A Regression Discontinuity Approach 1University of Virginia; 2University of Arkansas |
| 8:00am - 9:45am | Startup and Innovations Location: Caribbean |
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Nature Dependence, Economic Value, and Extinction Risk: Evidence from Biotech Innovations 1University of Pittsburgh; 2Imperial College London; 3Erasmus University Rotterdam How Does VC Engagement Direct Startup Experimentation? 1Columbia University; 2The Chinese University of Hong Kong, Shenzhen; 3University of Iowa; 4University of Connecticut When Innovation Meets Politics: Patent Examiner Partisanship and Green Technology 1Chinese University of Hong Kong, Hong Kong; 2University of Delaware, United States of America; 3Colorado State University, United States of America |
| 8:00am - 9:45am | Commercial Real Estate Location: Caspian |
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Does Mortgage Rate Lock-in Dampen Commercial Real Estate Busts? 1Cornell University, United States of America; 2Federal Reserve Board of Governors The Long-Run Effects of Remote Work on U.S. Office Markets 1University at Buffalo, SUNY; 2University of North Carolina, Chapel Hill; 3UCSD, Rady Too-Many-to-Ignore: Regional Banks and CRE Risks 1Dartmouth College; 2Columbia University; 3NBER |
| 8:00am - 9:45am | Asset Prices Location: Pacific 1 |
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Culling the Factor Zoo 1Temple University; 2Yale University, Department of Economics; 3Old Dominion University, United States of America Currency Basket Co-movements 1Columbia Business School; 2Gabelli School of Business, Fordham University, United States of America Dissecting Demand in the MBS Market Boston University, United States of America |
| 8:00am - 9:45am | Corporate Investment: New Perspectives Location: Pacific 2 Session Chair: Michael Wittry |
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(In-)Visible Risks of Blockchain-Based Financing for Capital Allocation Efficiency 1City University of Hong Kong.; 2University of Calgary, Canada; 3Sungkyunkwan University (SKKU) When Trade Dries Up: Infrastructure Constraints and Firm Performance University of Toronto Automation Under Constraints: Exchange Rates, Interest Rates, and Firm Investment 1GWU, United States of America; 2University of Maryland, United States of America |
| 8:00am - 9:45am | Policy Design Location: Pacific 3 |
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When Diversity Rules 1University of Rochester; 2University of North Carolina; 3Columbia University Privacy Regulation and the Economics of Screening versus Monitoring in Digital Credit Markets 1National University of Singapore; 2Indian Institute of Management Bangalore; 3UCLA Anderson, United States of America; 4Washington University at St. Louis, United States of America Are Crypto Anti-Money Laundering Policies Effective? UT Austin, United States of America Behavioral Biases and the Limits of Policy: Evidence from the NAR Settlement Rice University, United States of America |
| 10:00am - 11:45am | Information intermediaries in financial markets Location: Adriatic |
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Shareholder Democracy and the Market for Voting Advice 1University of Southern California; 2University of Southern California; 3University of Utah, United States of America The Gatekeeping Expert's Dilemma Columbia University, United States of America Information Externalities in Opaque Credit Markets 1Baylor University, United States of America; 2McGill University, Canada |
| 10:00am - 11:45am | Secondary Markets Location: Aegean Session Chair: Jack Bao |
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Mixology: Order Flow Segmentation Design Northwestern University The Secondary Market for Syndicated Loans 1Federal Reserve Bank of Cleveland; 2Board of Governors of the Federal Reserve System Splitting and Shuffling: Institutional Trading Motives and Order Submissions Across Brokers 1Texas Tech University; 2Wilfrid Laurier University; 3University of Texas at Dallas |
| 10:00am - 11:45am | Law, Information and Finance Location: Baltic |
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Insider Trading Reforms and Corporate Transparency: Evidence from the STOCK Act 1Tulane University, United States; 2Xiamen University, China, People's Republic of Cracking Down, Pricing In: How AML Regulation Shapes Stock Price Responses University of Graz, Austria When Speaking Freely Pays: Anti-SLAPP Laws and Firms' Cost of Equity 1University of Tennessee, United States of America; 2Huazhong University of Science and Technology, China |
| 10:00am - 11:45am | Housing Markets and Mortgage Dynamics Location: Bering Session Chair: Marco Giacoletti |
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Aging and Housing Returns 1Federal Reserve Bank of Philadelphia, United States of America; 2Boston College; 3University of Delaware Gaining Market Expertise: The Geographic Specialization of Labor in Mortgage Lenders 1University of Southern California, Marshall School of Business; 2Federal Reserve Bank of Richmond, United States of America; 3City University of Hong Kong From Rates to Riches: How Danish Homeowners Respond to Interest Rate Shocks 1Baruch College, United States of America; 2Duke University; 3Copenhagen Business School |
| 10:00am - 11:45am | Bond, Stock, and Bond Mutual Fund Performance Location: Caribbean Session Chair: Gergana Jostova |
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Private Investments of Corporate Bond Mutual Funds 1Seoul National University, Korea; 2Northern Illinois University, USA; 3National University of Singapore, Singapore Bond Factor Momentum and Its Predictability for Stock Returns Auburn University Winning At the Starting Line: Underwriter Connections and Municipal Bond Fund Performance 1University of Nebraska-Lincoln; 2University of Maryland; 3University of Tennessee |
| 10:00am - 11:45am | Seniority, Collateral, and Adverse Selection in Lending Markets Location: Caspian |
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Screening in Loan Guarantee Programs: Combining Contract Menus with Information Collection Federal Reserve Board, United States of America Where Collateral Sleeps 1Yale; 2Federal Reserve Board Competing for Loan Informal Seniority: Theory and Evidence 1Central Bank of Brazil; 2Insper; 3Duke University, Fuqua School of Business |
| 10:00am - 11:45am | Capital Structure Location: Pacific 1 Session Chair: Hyunseob Kim |
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Firm Innovation Outcomes and Trade Credit Financing 1Florida State University, United States of America; 2Tulane University, United States of America; 3University of Michigan, United States of America Echoes of Inflation: CEO Early-life Inflation Experiences, Inflation Attention, and Corporate Decisions 1Leeds School of Business, University of Colorado Boulder; 2Chinese University of Hong Kong, Hong Kong S.A.R. (China); 3California State University, Northridge Financing Source Granularity and Cash Holdings 1University of Texas at San Antonio; 2Loyola Marymount University |
| 10:00am - 11:45am | Social Finance Location: Pacific 2 |
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Social Interaction Intensity and Investor Behavior 1University of Southern California; 2University of Delaware; 3Netanya Academic College Mimicking Finance 1Harvard Business School, United States of America; 2The Wharton School, University of Pennsylvania; 3DePaul University Student Debt and the Cinderella Effect 1Pennsylvania State University; 2University of Calgary; 3University of Texas at Dallas |
| 10:00am - 11:45am | Trading Location: Pacific 3 Session Chair: Mirela Sandulescu |
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The Rise of Derivatives and Off-Exchange Trading and Its Impact on Price Discovery and Volatility 1University of Memphis, United States of America; 2Syracuse University; 3Washington University in St. Louis Attention on Insider Trading: EDGAR Visits, Investor Sophistication, and Informational Advantage University of Toledo, United States of America Animal Spirits on Steroids: Evidence From Retail Options Trading in India 1Johns Hopkins University Carey Business School, United States of America; 2Lehigh University; 3Georgia State University; 4IIM Bangalore |
| 1:30pm - 3:15pm | Liquidity, fragility, and incentives in financial markets Location: Adriatic |
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Fire sales and liquidity requirements 1Bank of Canada, Canada; 2Federal Reserve Bank of Atlanta, United States of America The Optimal Schedules of Incentives and Cash Flows 1University of Georgia, United States of America; 2University of Washington, United States of America Bank fragility over the reserves cycle 1New York Fed; 2SKEMA Business School; 3University of Amsterdam |
| 1:30pm - 3:15pm | Fintech Location: Aegean Session Chair: Nagpurnanand Prabhala |
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Data as Collateral: Open Banking for Small Business Lending Tsinghua University Interoperable Payment Infrastructure and Retail Investment 1GWU, United States of America; 2University of Texas at San Antonio, United States of America; 3Indian Institute of Management Bangalore, India; 4CAFRAL, India Fintech Access and Consumption Smoothing 1Columbia Business School; 2University of Cambridge; 3Cheung Kong Graduate School of Business; 4NBER; 5Luohan Academy |
| 1:30pm - 3:15pm | Bond Pricing and Returns Location: Baltic |
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Breaking the Tension: Almost Affine Term Structure Models with Stochastic Volatility 1Penn State University, United States of America; 2University of Southern California, USA Opaque Markets, Visible Jobs: Real-Time Labor Demand and Municipal Finance 1Tulane University, United States of America; 2Nationa University of Singapore, Singapore; 3University of Iowa, United States of America Pricing of Corporate Bonds: Evidence From a Century-Long Cross-Section 1UNIV OF KANSAS; 2UNIV OF PENNSYLVANIA; 3UNIV OF WISCONSIN-MADISON |
| 1:30pm - 3:15pm | Market Design Across Financial Products Location: Bering |
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Deposit Competition Beyond Rates 1Berkeley Haas, United States of America; 2Stanford GSB; 3Berkeley Haas, United States of America Labor Market Polarization and Student Debt 1University of Virginia; 2University of Cambridge Selection through Lapsation in Life Insurance Markets 1University of Iowa, United States of America; 2LMU Munich School of Management |
| 1:30pm - 3:15pm | Congressional Stock Trading and Politicized Lending Location: Caribbean Session Chair: Amanda Heitz |
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When Supervision Meets Politics: Credit Misallocation and its Real Effects Yale University, United States of America Should The Public Be Concerned About Congressional Stock Trading? 1Carnegie Mellon University, United States of America; 2Rice University Legislative Trades 1University of California, Irvine; 2Boston College, United States of America Political Shifts, Mortgage Drifts: Evidence from U.S. Special Elections University of Southern California, United States of America |
| 1:30pm - 3:15pm | Mortgage and Housing Supply Location: Caspian Session Chair: Gene Amromin |
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Incomplete Pass-Through in Mortgage Markets 1Federal Reserve Bank of Philadelphia, United States of America; 2Mortgage Bankers Association The Distributional Effects of GSE Pricing on Home Purchases 1Federal Reserve Board; 2CFPB; 3Rice University, United States of America The Broader Effects of New Housing Supply: Movers, Prices, and Workplaces 1University of Notre Dame, United States of America; 2Erasmus School of Economics, Netherlands; 3University of North Carolina Kenan-Flagler Business School, United States of America |
| 1:30pm - 3:15pm | Modern Banking Issues Location: Pacific 1 Session Chair: Edward Kim |
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Banks’ Images: Evidence from Advertising Videos 1Yale SOM; 2UBC Sauder School of Business Par for the Course: Did the Bank Term Funding Program (BTFP) Support Credit Intermediation? 1University of South Carolina, United States of America; 2George Mason University; 3Federal Reserve Bank of Philadelphia Cyber Risk in Banking: Measuring and Predicting Vulnerability Federal Reserve Bank of Richmond |
| 1:30pm - 3:15pm | Macroeconomic Factors and Cross-Market Asset Pricing Location: Pacific 2 |
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The Effect of Fiscal Policy Shocks on Asset Prices The Wharton School, University of Pennsylvania, United States of America Integrating Credit and Equity Markets: A Novel Benefit of Convertible Bonds VU Amsterdam, Netherlands, The Good Inflation, Bad Inflation, and the Dynamics of Credit Risk 1Banco de España; 2Federal Reserve Board of Governors |
| 1:30pm - 3:15pm | Politics and Finance Location: Pacific 3 |
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Politically Polarized Supply Chains 1Indiana University, United States of America; 2University of Groningen, Netherlands A Dark Side to Experience? Firm Age and Policy Uncertainty 1McGill University; 2University of Maryland; 3University of Illinois Urbana-Champaign Customer Concentration, Systematic Risk, and Equity Returns C. T. Bauer College of Business, University of Houston, United States of America |
| 3:30pm - 5:15pm | The Evolving Landscape of Global Finance: Dollar Dominance, Chinese Lending, and Policy Spillovers Location: Adriatic |
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Not All Dollar Funding Is Equal: Uncovering Economic Exposures of Global FX Funding 1Johns Hopkins Carey Business School; 2The Wharton School of the University of Pennsylvania China's Overseas Lending in Global Finance Cycle Kellogg School of Management, Northwestern University, United States of America Unconventional Monetary Policy Spillovers and the (In)convenience of Treasuries 1Federal Reserve Bank of Kansas City, United States of America; 2University of Tennessee at Knoxville |
| 3:30pm - 5:15pm | Multinationals' investment and financing Location: Aegean Session Chair: Nandini Gupta |
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Climate Policy Abroad, Emissions at Home: Pollution Reshoring by U.S. Multinationals 1Renmin University of China; 2University of Maryland Multinationals and Uncertainty: The Role of Internal Capital Markets Leavey School of Business, Santa Clara University, United States of America Beyond the Fundamentals: How Media-Driven Narratives Influence Cross-Border Capital Flows 1University of British Columbia; 2Santa Clara University, United States of America; 3Cornell University |
| 3:30pm - 5:15pm | Bond Market Fragility and Resilience Location: Baltic Session Chair: Yoshio Nozawa |
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Lending at a Cost: Liquidity Fragility in Bond Mutual Funds 1University of Virginia; 2Bucknell University; 3University of Texas at Dallas Enhanced Resiliency in Corporate Bond Liquidity: A Tradeoff in OTC Markets Chinese University of Hong Kong Unintended Consequences of Rule 18f-4: Derivatives Constraints, Reaching for Yield, and Corporate Bond Market Fragility 1Pennsylvania State University; 2Middle Tennessee State University; 3University at Albany |
| 3:30pm - 5:15pm | Insurance Markets Location: Bering |
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Beyond the Storm: Climate Risk and Insurers of Last Resort 1Indiana University, United States of America; 2University of South Florida, United States of America From Long to Short: How Interest Rates Shape Life Insurance Markets 1Indiana University, Kelley School of Business; 2Imperial College London The Evolution of Insurance Markets: Capital Regulation and Insurance Provision 1Insead; 2Harvard Business School; 3Bank of England |
| 3:30pm - 5:15pm | The Dynamics of Bank Competition Location: Caribbean |
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When Credit Unions Cross the Aisle: Performance After Bank Acquisitions Samford University, United States of America Does Local Competition Matter for Mortgages? Evidence from Fee Pass-Through 1Duke University; 2University of Pittsburgh The Boundaries of the Farm and the Death of Small Banks Rice University |
| 3:30pm - 5:15pm | Green Banking Location: Caspian Session Chair: Shaojun Zhang |
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Building Voice in Socially Responsible Investment 1UT Austin, United States of America; 2UT Austin, United States of America Opening the Brown Box: Production Responses to Environmental Regulation 1University of Michigan Ross School of Business, United States of America; 2London Business School Banking through an Energy Transition 1Office of the Comptroller of the Currency, Department of the Treasury; 2Costello College of Business, George Mason University |
| 3:30pm - 5:15pm | Payment Systems Location: Pacific 1 Session Chair: Thomas Flanagan |
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Financial Technologies, Labor Markets, and Wage Inequality: Evidence from Instant Payment Systems 1University of Minnesota, United States of America; 2PUC, Chile; 3Insper, Brazil Integrating Fragmented Networks: Interoperability in Money and Payments 1International Monetary Fund, United States of America; 2Wharton School, University of Pennsylvania; 3NBER Who Pays for Payments? Consumer Sorting, Fee Heterogeneity, and Passthrough 1Harvard Business School; 2Northwestern Kellogg; 3Stanford GSB; 4Georgia State University |
| 3:30pm - 5:15pm | Household Finance Location: Pacific 2 |
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Borrowers in the Shadows: The Promise and Pitfalls of Alternative Credit Data 1University of Utah; 2University of Texas at Austin, United States of America; 3Emory University; 4Ohio State University Fintech to the (Worker) Rescue: Earned Wage Access, Financial Health and Employee Retention 1Centrito; 2INSEAD; 3Yale University Home Is Where Your FinTech Loan Is Indian School of Business, India |
| 3:30pm - 5:15pm | Trading Corporate Debt Location: Pacific 3 |
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Bond Valuation Dispersion and ETF Arbitrage 1Southern Methodist University; 2University of Maryland; 3University of Waterloo Cross Trading in the Corporate Bond Market 1University of Mssachusetts Amherst; 2Southern Methodist University; 3Vanderbilt University Beyond Performance: Mutual Funds, Non-Alpha Services, and the Value of Financial Advisors 1Indiana University; 2Stockholm University |