The Response of Debtors to Rate Changes

Andreas Fuster¹, Virginia Gianinazzi², Andreas Hackethal³, Philip Schnorpfeil³, Michael Weber⁴

1: EPFL and Swiss Finance Institute; 2: Nova SBE; 3: Goethe University Frankfurt; 4: Purdue University

Discussant: Ankit Kalda (Indiana University)

Buy, Correct, or Agree? The Drivers of Retail Investor Belief Updating and Investment within Financial Advice

Monika Burckhardt¹, Jan Müller-Dethard¹, Martin Weber^1,2

1: University of Mannheim; 2: CEPR

Discussant: Jane Chen (Chinese University of Hong Kong)

PIK Now and Pay Later - How Deferred Interest Reshapes Private Credit

Paul Rintamäki, Sascha Steffen

Frankfurt School of Finance & Management

Discussant: Vesa Pursiainen (University of St.Gallen)

Market Fragmentation: A Cushion Against Exchange Outages?

Hans Degryse¹, Bjorn Hagstromer², Niklas Landsberg¹

1: KU Leuven; 2: Stockholm Business School

Discussant: Brandon Yueyang Han (University of Maryland)

Equilibrium VIX in Inelastic Markets

Albert Menkveld

Vrije Universiteit Amsterdam

Discussant: Fabricius Somogyi (Northeastern University)

Survey Expectations Meet Option Prices: New Insights from the FX Market

Pasquale Della Corte¹, Alexander Jeanneret², Can Gao³

1: Imperial College London; 2: UNSW; 3: University of St. Gallen

Discussant: Svetlana Bryzgalova (LBS)

Demand-Based Expected Returns

Alessandro Crescini¹, Fabio Trojani², Andrea Vedolin³

1: University of Geneva and Swiss Finance Institute; 2: University of Geneva, University of Turin, Swiss Finance Institute; 3: Boston University, NBER, CEPR

Discussant: Sebastian Hillenbrand (Harvard Business School)

No News is News: Volatility Speculation and Multidimensional Heterogeneous Beliefs

Can Gao¹, Brandon Yueyang Han²

1: University of St. Gallen and Swiss Finance Institute; 2: University of Maryland

Discussant: Albert Menkveld (Vrije Universiteit Amsterdam)

Disclosure and Liquidity: The Ownership Channel

Adrian Finke¹, Julia Meyer², Martin Nerlinger³, Ryan Riordan⁴, Sebastian Utz⁵

1: University of Augsburg,; 2: ZHAW and University of Zurich; 3: University of St. Gallen and Swiss Finance Institute; 4: Ludwig-Maximilians-University Munich; 5: University of Augsburg

Discussant: Francois Derrien (HEC Paris)

Green Silence: Double machine learning carbon emissions under sample selection bias

Cathy Yi-Hsuan Chen¹, Abraham Lioui², Olivier Scaillet³

1: AUniversity of Glasgow; 2: EDHEC Business Schoo; 3: University of Geneva and Swiss Finance Institute

Discussant: Marco Ceccarelli (Vrije Universiteit Amsterdam)