Conference Agenda

Session Overview
 
Date: Friday, 26/Mar/2021
1:45pm
-
2:00pm
Zoom Welcome Desk opens
2:00pm
-
3:20pm
Room A: AP 3
Chair: Loriana Pelizzon, SAFE Goethe University Frankfurt
 

Issuance and Valuation of Corporate Bonds with Quantitative Easing

Stefano Pegoraro1, Mattia Montagna2

1: University of Notre Dame, United States of America; 2: University of Toronto, Canada

Discussant: Loriana Pelizzon (SAFE Goethe University Frankfurt)



Predicting bond return predictability

Daniel Borup1, Jonas Nygaard Eriksen1, Mads Markvart Kjær1, Martin Thyrsgaard2

1: Aarhus University, Denmark; 2: Kellogg School of Management, Northwestern University, United States of America

Discussant: Vitaly Orlov (University of St.Gallen)

Room B: AP 4
Chair: Chi-Yang Tsou, Hong Kong University of Science and Technology
 

Learning and the Anatomy of the Profitability Premium

Chi-Yang Tsou

Hong Kong University of Science and Technology, Hong Kong S.A.R. (China)

Discussant: Jiri Knesl (Said Business School, University of Oxford)



Momentum? What Momentum?

Can Yilanci, Erik Theissen

University of Mannheim, Germany

Discussant: Marco Grotteria (London Business School)

Room C: BHF 3
Chair: Matthias Weber, University of St.Gallen
 

Inflation and Investors’ Behavior: Evidence from the German Hyperinflation

Fabio Braggion1, Felix von Meyerinck2, Nic Schaub3

1: Tilburg University; 2: University of St. Gallen; 3: WHU - Otto Beisheim School of Management, Germany

Discussant: Oliver Spalt (University of Mannheim)



Waiting for the gain to come: How variance and skewness shape retail investors’ trading behavior

Sabine Bernard1, Benjamin Loos2, Martin Weber3

1: University of Mannheim & Leibniz-Institut für Finanzmarktforschung SAFE, Germany; 2: Technical University of Munich, Germany; 3: University of Mannheim

Discussant: Matthias Weber (University of St.Gallen)

Room D: CFG 3
Chair: Sebastian Gryglewicz, Erasmus University Rotterdam
 

Personal Taxes and Corporate Cash Holdings

Jens Dick-Nielsen, Kristian Miltersen, Ramona Westermann

Copenhagen Business School, Denmark

Discussant: Sebastian Gryglewicz (Erasmus University Rotterdam)



Direct democracy, corporate political strategy, and firm value

Ruediger Fahlenbrach1,2, Alexei Ovtchinnikov3, Philip Valta4

1: Ecole Polytechnique Fédérale de Lausanne; 2: Swiss Finance Institute; 3: HEC Paris; 4: University of Bern

Discussant: Felix Meschke (University of Kansas)

Room E: FII 3
Chair: Falko Fecht, Frankfurt School of Finance & Management
 

Banks, Maturity Transformation, and Monetary Policy

Pascal Paul

Federal Reserve Bank of San Francisco, United States of America

Discussant: Falko Fecht (Frankfurt School of Finance & Management)



Bank Liquidity Provision Across the Firm Size Distribution

Olivier Darmouni1, Gabriel Chodorow-Reich2, Stephan Luck3, Matthew Plosser3

1: Columbia University, United States of America; 2: Harvard University, United States of America; 3: Federal Reserve Bank of New York

Discussant: Felix Noth (Leibniz-Institut für Wirtschaftsforschung Halle)

3:30pm
-
4:30pm
Room A: PHD1

Presentations of 20 minutes at: 3:30pm, 3:50pm, 4:10pm

 

Bond Implied Risks Around Macroeconomic Announcements

Xinyang Li

Boston University, United States of America

Room B: PHD2

Presentations of 20 minutes at: 3:30pm, 3:50pm, 4:10pm

 

Do media follow up?

Sasan Mansouri

Goethe University Frankfurt am Main, Germany

Room C: PHD3

Presentations of 20 minutes at: 3:30pm, 3:50pm, 4:10pm

 

Firm life-cycle in merges and acquisitions

Tina Oreski

Swiss Finance Institute and USI Lugano, Switzerland

Room D: PHD4

Presentations of 20 minutes at: 3:30pm; 3:50pm; 4:10pm

 

CEO Turnover and Director Reputation

Felix von Meyerinck, Jonas Romer, Markus Schmid

University of St.Gallen (HSG), Switzerland

Room E: PHD5

Presentations of 20 minutes at: 3:30pm, 3:50pm, 4:10pm

 

Does Working from Home Decrease Profitability and Productivity? Evidence from the Mutual Fund Industry

Han Xiao

Pennsylvania State University, United States of America

4:40pm
-
6:00pm
Room A: AP 5
Chair: Christian Schlag, Goethe University Frankfurt am Main
 

Uncertainty trends and asset prices

Federico Bandi1, Lorenzo Bretscher2, Andrea Tamoni3

1: Johns Hopkins University, United States of America; 2: London Business School, United Kingdom; 3: Rutgers University, United States of America

Discussant: Christian Schlag (Goethe University Frankfurt am Main)



Optimistic & pessimistic disagreement and the cross section of stock returns

Giuliano Curatola1,4, Ilya Dergunov3, Christian Schlag2,4

1: University of Siena, Italy; 2: Goethe University Frankfurt am Main, Germany; 3: Australian National University, Australia; 4: Leibniz Institute for Financial Research SAFE, Germany

Discussant: Darya Yuferova (Norwegian School of Economics)

Room B: AP 6
Chair: Andrea Barbon, University of St.Gallen
 

Automation and the Displacement of Labor by Capital: Asset Pricing Theory and Empirical Evidence

Jiri Knesl

Said Business School, University of Oxford, United Kingdom

Discussant: Chi-Yang Tsou (Hong Kong University of Science and Technology)



Building Trust Takes Time: Limits to Arbitrage in Blockchain-Based Markets

Stefan Voigt1, Nikolaus Hautsch2, Christoph Scheuch3

1: University of Copenhagen and Danish Finance Institute, Denmark; 2: University of Vienna, Vienna Graduate School of Finance, Data Science at Uni Vienna, Austria; 3: wikifolio Financial Technologies, Austria

Discussant: Andrea Barbon (University of St.Gallen)

Room C: BHF 4
Chair: Christoph Merkle, Aarhus University
 

Are Investors Sensitive to Impact?

Florian Heeb1, Julian F. Kölbel1,2, Falko Paetzold3,1, Stefan Zeisberger4,1

1: University of Zürich, Switzerland; 2: MIT Sloan School of Management, United States of America; 3: EBS University of Business and Law, Germany; 4: Radboud University Institute for Management Research, The Netherlands

Discussant: Christoph Merkle (Aarhus University)



Sea Level Rise and Portfolio Choice

Emirhan Ilhan

Frankfurt School of Finance and Management, Germany

Discussant: Francois Koulischer (University of Luxembourg)

Room D: CFG 4
Chair: Daniel Metzger, Erasmus University Rotterdam
 

Endogenous Operating Leverage: Foreign Labor Regulations and Firm Boundaries

Katie Moon2, Giorgo Sertsios1

1: Universidad de los Andes, Chile; 2: University of Colorado Boulder, United States of America

Discussant: Daniel Metzger (Erasmus University Rotterdam)



Pirates without Borders: the Propagation of Cyberattacks through Firms’ Supply Chains

Matteo Crosignani1, Marco Macchiavelli2, Andre Silva3

1: Federal Reserve Bank of New York, United States of America; 2: Board of Governors of the Federal Reserve System, United States of America; 3: Board of Governors of the Federal Reserve System, United States of America

Discussant: Andreas Milidonis (University of Cyprus)

Room E: FII 4
Chair: Alexander Braun, University of St.Gallen
 

Life insurance convexity

Christian Kubitza1, Nicolaus Grochola2, Helmut Gründl2

1: University of Bonn, Germany; 2: Goethe University Frankfurt am Main, Germany

Discussant: Hato Schmeiser (University of St.Gallen)



Internal Models, Make Believe Prices, and Bond Market Cornering

Ishita Sen1, Varun Sharma2

1: Harvard Business School, United States of America; 2: London Business School, United Kingdom

Discussant: Alexander Braun (University of St.Gallen)