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9:30am - 11:00am
A5: Behavioral Finance 1 Location: Building 3, Room F 009 Chair: Wolfgang Breuer
9:30am - 10:00am Ambiguity, prudence, and optimal portfolio choice: beyond robust mean-variance analysis
Fabio Girardi
Vienna University of Economics and Business, Austria
Discussant: Wolfgang Breuer (RWTH Aachen University)
10:00am - 10:30am A new Measure of Overconfidence: Deducing the Board Perspective on CEO Optimism and Miscalibration
Ingolf Dittmann2 , Sebastian Pfeil 1
1: University of Groningen, Netherlands, The;
2: Erasmus University Rotterdam
Discussant: Fabio Girardi (Vienna University of Economics and Business)
10:30am - 11:00am The choice for and the effect of CEO interviews after earnings announcements
Wolfgang Breuer , Anthony Haake
RWTH Aachen University, Germany
Discussant: Sebastian Pfeil (University of Groningen)
11:30am - 1:00pm
B5: Financial Econometrics Location: Building 3, Room F 009 Chair: Moritz Dauber
11:30am - 12:00pm Nonlinearities and Pricing Complexity in the Cross-Section of Stock Returns
Fabio Girardi1 , Lukas Körber 2 , Christian Schlag3
1: Vienna University of Economics and Business;
2: Goethe-University Frankfurt;
3: Goethe-University Frankfurt and Leibniz Institute SAFE
Discussant: Dennis Umlandt (University of Innsbruck)
12:00pm - 12:30pm Roy sorting: climate and status quo strategies
Thomas Kolbe Cauthorn 1 , Samuel Drempetic2 , Andreas G.F. Hoepner3 , Christian Klein1 , Adair Morse4
1: University of Kassel;
2: Steyler Ethik Bank;
3: University College Dublin and the European Commission’s Platform for Sustainable Finance;
4: University of California-Berkeley and NBER
Discussant: Lukas Körber (Goethe Universität Frankfurt)
12:30pm - 1:00pm Common factors in currency characteristics
Moritz Dauber , Dennis Umlandt
University of Innsbruck, Austria
Discussant: Thomas Kolbe Cauthorn (University of Mannheim)
2:00pm - 3:30pm
C5: Financial Forecasting Location: Building 3, Room F 009 Chair: Tobias Lorenz Neumaier
2:00pm - 2:30pm The term structure of European carbon futures and the predictive power of speculators and hedgers
Lina Franziska Lautner 1 , Tom L. Dudda2 , Tony Klein1
1: Technische Universität Chemnitz, Germany;
2: Technische Universität Dresden, Germany
Discussant: Tobias Lorenz Neumaier (University of Bremen)
2:30pm - 3:00pm Are there fences in the global factor zoo?
Merlin Bartel 1 , Sebastian Stöckl1 , Joshua Traut2
1: Universität Liechtenstein, Liechtenstein;
2: Universität St. Gallen, Schweiz
Discussant: Lina Franziska Lautner (Technische Universität Chemnitz)
3:00pm - 3:30pm The Devil in the Details: A Multiverse View of Pockets of Predictability
Nusret Cakici1 , Christian Fieberg2 , Tobias Lorenz Neumaier 3 , Thorsten Poddig3 , Adam Zaremba4
1: Gabelli School of Business, Fordham University;
2: HSB Hochschule Bremen - City University of Applied Science;
3: University of Bremen;
4: MBS School of Business, Poznan University of Economics and Business, and Monash University
Discussant: Merlin Bartel (University of Liechtenstein)
9:00am - 10:30am
D5: Behavioral Finance 2 Location: Building 3, Room F 009 Chair: Lukas Grahl
9:00am - 9:30am Inside the mind of retail short sellers
Nina Klocke , Matthias Pelster
Duisburg-Essen University, Germany
Discussant: Lukas Grahl (Aarhus University)
9:30am - 10:00am Investment decision biases in HNWIs
Maria Maas 1 , Theo Petersen1 , Philipp Schreiber2 , Marcel Tyrell1
1: Universtiät Witten/Herdecke, Germany;
2: Esslingen University, Germany
Discussant: Nina Klocke (Duisburg-Essen University)
10:00am - 10:30am Ambiguity and earnings announcements
Lukas Grahl , Steffen Meyer, Charline Uhr
Aarhus University, Denmark
Discussant: Maria Maas (Universtiät Witten/Herdecke)
11:00am - 12:30pm
E5: Risk Management Location: Building 3, Room F 009 Chair: Elissa Ana Maria Iorgulescu
11:00am - 11:30am From Silicon Valleys to Risky Peaks: the Impact of Tech Mergers on the Risk Commonality in US Capital Markets
Valeriya Dinger, Peter Grundke, Kai Rohde, Gerrit Wittke
Osnabrueck University, Germany
Discussant: Elissa Ana Maria Iorgulescu (University of Münster)
11:30am - 12:00pm Does options trading matter for risk management? Insights from the 1936 options ban on US futures markets
Elissa Ana Maria Iorgulescu , Fiona F. Hoellmann
University of Münster, Germany
Discussant: Gerrit Wittke (Osnabrueck University)