Conference Agenda

Do ECB Presidents’ Small Talks Predict Financial Market Performance?

Shasha Li¹, Zihao Liu²

1: Halle Institute for Economic Research (IWH) and OVGU, Germany; 2: Southwestern University of Finance and Economics and Tilburg University

AI-Generated Fundraising Campaigns: Enhancing Donations or Eroding Trust?

Sasan Mansouri¹, Alexandra Niessen-Ruenzi², Amir Sepehri³

1: University of Groningen, Netherlands, The; 2: University of Mannheim; 3: ESSEC Business School

Who Pays for Payment Fraud? Detection and Liability Rules under Strategic Fraudster Adaptation

Thomas Mosk, Vimal Balasubramaniam, Antoine Uettwiller

QMUL

Market Efficiency in Prediction Markets - A Comparison with Derivatives

Michele Fabi¹, Roberto Marfe², Vittorio Ruffo³, Lorenzo Schoenleber²

1: Telecom Paris; 2: Collegio Carlo Alberto, University of Turin, Italy; 3: Frankfurt School of Finance and Management

Do Institutional Investors Trade on Covenant Violations?

Anthony Saunders¹, Sascha Steffen², Paulina Verhoff²

1: NYU Stern School of Business; 2: Frankfurt School of Finance & Management gGmbH, Germany

Subsidizing the Cloud: U.S. State Incentives to Data Centers

Antonio Gargano¹, Marco Giaocoletti²

1: University of Houston, USA; 2: University of Notredame, USA

Discussant: Lisa Knauer (Erasmus University Rotterdam)

Is AI Trained on Public Money? Evidence from Data Centers

Adam Feher², Emilia Maria Garcia-Appendini^1,4,5, Roxana Mihet^1,2,3

1: Swiss Finance Institute, Switzerland; 2: University of Lausanne, Switzerland; 3: CEPR, UK; 4: Norges Bank, Norway; 5: University of St Gallen, Switzerland

Discussant: Olivier Darmouni (HEC Paris)

What drives the performance of machine learning factor strategies?

Mikheil Esakia^1,2, Felix Goltz¹

1: Scientific Beta; 2: EDHEC Business School

Discussant: Sebastian Mueller (TU Munich)

Limits To (Machine) Learning

Zhimin Chen¹, Bryan Kelly², Semyon Malamud³

1: Nanyang Technological University, Singapore; 2: AQR Capital Management, Yale School of Management, and NBER; 3: Swiss Finance Institute, EPFL, and CEPR

Discussant: Abraham Lioui (EDHEC Business School)

Can Large Language Models Trade? Testing Financial Theories with LLM Agents in Market Simulations

Alejandro Lopez-Lira

University of Florida

Discussant: Kartik Anand (Deutsche Bundesbank)

The Market’s Mirror: Revealing Investor Disagreement with LLMs

Vineet Bhagwat¹, J. Anthony Cookson², Chukwuma Dim¹, Marina Niessner³

1: George Washington University, United States of America; 2: University of Colorado Boulder; 3: Indiana University

Discussant: Doron Reichmann (Goethe Universität Frankfurt)

Data Ownership, Data Production, and Lending Market Competition

Chong Huang, Shiyan Wei

University of California-Irvine, United States of America

Discussant: Markus Parlasca (Leibniz Institute for Financial Research SAFE, WU Vienna)

Invoice Digitization and Credit Availability: Hard-Information Effects in Small Business Lending

Yunyue Chen^1,2

1: Ghent University, Belgium; 2: New York University Stern School of Business, USA

Discussant: Fabrizio Core (LUISS University)

Are New Technologies Replacing the Information Produced by Financial Markets?

Laurent Frésard, Marco Zanotti

Swiss Finance Institute, USI Lugano, Switzerland

Discussant: Naveen Gondhi (INSEAD)

Breaking the Data Chain: The Ripple Effect of Data Sharing Restrictions on Financial Markets

Bo Bian¹, Simona Abis², Huan Tang³

1: University of British Columbia, Canada; 2: University of Colorado Boulder; 3: University of Pennsylvania, the Wharton School

Discussant: Rachel Nam (USI Lugano/Swiss Finance Institute)