Summary of All Sessions |
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67 sessions, 258 papers, and 0 presentations with no associated papers |
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China International Conference in Finance 2026 (CICF) |
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Detailed List of Sessions |
| Session 1: AI and Financial Markets June 27, 2026 8:00 to 9:45 Location: S228 |
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| Session Chair: Lin Cong, Cornell University |
| Let Tables Talk: Auditing and Enhancing Corporate Narratives with LLMs |
| By Jianqing Fan; Princeton University Qingfu Liu; Fudan University rongkai pei; Fudan University Zilu Wang; Fudan University |
| Presented by: rongkai pei, Fudan University |
| Discussant: Zhimin Chen, Nanyang Technological University |
| Structured Event Representation and Stock Return Predictability |
| By Gang Li; The Chinese University of Hong Kong Dandan Qiao; National University of Singapore Mingxuan Zheng; National University of Singapore |
| Presented by: Gang Li, The Chinese University of Hong Kong |
| Discussant: Kangying Zhou, Texas A&M University |
| Market Risk Premium: A Single Optimal Predictive Factor in High Dimension |
| By Fuwei Jiang; Xiamen University Kunpeng Li; Capital University of Economics and Busi Guoshi Tong; Fudan University Guofu Zhou; Washington University in St. Louis |
| Presented by: Guoshi Tong, Fudan University |
| Discussant: Yingying Li, Hong Kong University of Science and Technology |
| Financial Market Fragility in the Era of AI Planning |
| By Winston Dou; University of Pennsylvania Itay Goldstein; University of Pennsylvania and NBER Yan Ji; Hong Kong University of Science and Tech |
| Presented by: Yan Ji, Hong Kong University of Science and Tech |
| Discussant: GUANGYAN GAN, NTU College of Computing and Data Science and Nanyang Business School |
| Session 2: Corporate Finance in China: Ownership, Technologies, and Investment June 27, 2026 8:00 to 9:45 Location: S226 |
| Session Chair: Jun Qian, Fudan University |
| China's Global Ownership |
| By Jennie Bai; Georgetown University Yaojun Ke; Nanyang Technological University Luc Laeven; European Central Bank Hong Ru; Nanyang Technological University |
| Presented by: Yaojun Ke, Nanyang Technological University |
| Discussant: Pengfei Han, Peking University |
| The Price of Voice: Retail Investor Engagement and Corporate Investment |
| By Jun Chen; The Chinese University of Hong Kong Yongxin Xu; Monash University Zili Zhuang; The Chinese University of Hong Kong |
| Presented by: Jun Chen, The Chinese University of Hong Kong |
| Discussant: Xiaomeng Lu, FISF, Fudan University |
| The Impact of Cloud Computing and AI on Industry Concentration and Dynamics |
| By Yao Lu; Tsinghua University Gordon Phillips; Dartmouth College and NBER Jia Yang; University of International Business and Economics (UIBE) |
| Presented by: Jia Yang, University of International Business and Economics (UIBE) |
| Discussant: Lin Shen, INSEAD |
| Financing Constraints, Implicit Government Guarantee, and Real Estate Market |
| By sumit agarwal; NUS Arkodipta Sarkar; National University of Singapore Yue Zhang; Sun Yat-sen University zhe zong |
| Presented by: Yue Zhang, Sun Yat-sen University |
| Discussant: Chang Ma, Fudan University |
| Session 3: Governance and Risk Management: Market and Non-Market Entities June 27, 2026 8:00 to 9:45 Location: S225 |
| Session Chair: Youchang Wu, University of Oregon |
| Sunlight at City Hall: The Effect of Officials' Financial Disclosure on Municipal Bond Markets |
| By Bo Jing; Tsinghua University Zheng Su; Tsinghua University Xuan Tian; Tsinghua University |
| Presented by: Zheng Su, Tsinghua University |
| Discussant: Steve Liu, College of Business, University of Rhode Island |
| The Price of a News Desert: Local Newspaper Closure and Financial Service Quality |
| By John (Jianqiu) Bai; Northeastern University Poojan Patel; UMass Boston Chi Wan; San Diego State University Donghua Zhou |
| Presented by: John (Jianqiu) Bai, Northeastern University |
| Discussant: Yaxuan Qi, City University of Hong Kong |
| Hedging or Healing: How Business Cycle Exposure Affects the Safety Net |
| By Kimberly Cornaggia; Pennsylvania State University Xuelin Li; Columbia Business School Zihan Ye; The University of Tennessee |
| Presented by: Xuelin Li, Columbia Business School |
| Discussant: Jane Danyu Zhang, University of Oregon |
| Acquiring Supplier Networks: Domestic Mergers for International Supply Chain Resilience |
| By Ling Cen; The Chinese University of Hong Kong Sudipto Dasgupta; The Chinese University of Hong Kong Isil Erel; Ohio State University Yanru Han; Stevens Institute of Technology |
| Presented by: Ling Cen, The Chinese University of Hong Kong |
| Discussant: Liu Yang, University of Maryland |
| Session 4: Navigating ESG: Markets, Innovation, and Regulation June 27, 2026 8:00 to 9:45 Location: S223 |
| Session Chair: Jie Cao, Hong Kong Polytechnic University |
| When Science and Technology Collide with Politics: Patent Examiner Political Ideology and Green Innovation |
| By Tao Shu; Chinese University of Hong Kong, Shenzhen Fei Xie; University of Delaware Song Zhang; University of Delaware Wenrui Zhang; Colorado State University |
| Presented by: Fei Xie, University of Delaware |
| Discussant: Hong Zhang, Lee Kong Chian School of Business, Singapore Management University |
| On the Effective Business Model of ESG Ratings |
| By Qi Fan; Hong Kong University of Science and Technology Hao Liang; Singapore Management University Chengshuang Zhang; Singapore Management University |
| Presented by: Qi Fan, Hong Kong University of Science and Technology |
| Discussant: Elaine Zhang, IE Business School |
| Siren Song or Salvation: Evidence on the Value of ESG from Ownership Changes |
| By John Chalmers; University of Oregon Donghyeok Jang; American University of Sharjah Jay Wang; University of Oregon |
| Presented by: Jay Wang, University of Oregon |
| Discussant: Albert Wang, Auburn University |
| When Protection Hurts: Labor Market Consequences of Mandatory Heat Allowances in China |
| By Sumit Agarwal; National Unviversity of Singapore Kam C. Chan; Shanghai Business School Nianhang Xu; Renmin University of China Ruoming Yang; Renmin University of China Rongjie Zhang; Tsinghua University |
| Presented by: Rongjie Zhang, Tsinghua University |
| Discussant: Yangyang Chen, City University of Hong Kong |
| Session 5: New Topics in Financial Intermediation June 27, 2026 8:00 to 9:45 Location: S224 |
| Session Chair: Wenxi Jiang, Chinese University of Hong Kong |
| Cultural Backgrounds and Depositor Behaviors in a “Bank” Run |
| By Jiasun Li; George Mason University Jonathan Schulz; GMU Walter Stover; GMU Thomas Stratmann; GMU |
| Presented by: Thomas Stratmann, GMU |
| Discussant: Tianyue Ruan, National University of Singapore |
| Crypto Assets as Collateral |
| By Jung Koo Kang; Harvard Business School Minjia Li; University of Alberta Christine Liu; Bentley University Daniel Rabetti; National University of Singapore |
| Presented by: Minjia Li, University of Alberta |
| Discussant: Zongbo Huang, The Chinese University of Hong Kong, She |
| Following the Leader: Comparing Asset Allocation Strategies and Performance for Endowment Funds and Pension Funds |
| By George Aragon; Arizona State University Keith Brown; University of Texas Yuxiang Jiang; Southwestern University of Finance and Economics Juha Joenvaara; Aalto University Cristian Tiu; University at Buffalo |
| Presented by: Yuxiang Jiang, Southwestern University of Finance and Economics |
| Discussant: Qifei Zhu, National University of Singapore |
| Lending in the Smog: Bank Exposure to Air Pollution and the Amplification of Transition Risk |
| By Allen Berger; University of South Carolina Hyun-Soo Choi; Korea Advanced Institute of Science and Technology Hugh Kim; University of South Carolina Yun Soo Kim; Korea Advanced Institute of Science and Technology (KAIST) |
| Presented by: Hyun-Soo Choi, Korea Advanced Institute of Science and Technology |
| Discussant: Hulai Zhang, Fudan University |
| Session 6: Power, Information, and Participation in Financial Markets June 27, 2026 8:00 to 9:45 Location: S222 |
| Session Chair: Stephan Siegel, University of Washington |
| Do Politicians Profit from Real Estate? |
| By Markus Baldauf; University of British Columbia Jack Favilukis; University of British Columbia Lorenzo Garlappi; University of British Columbia Keling Zheng; The Chinese University of Hong Kong |
| Presented by: Keling Zheng, The Chinese University of Hong Kong |
| Discussant: Yunqi Zhang, Nankai University & National University of Singapore |
| Public Pension Deficits and Household Investments |
| By Lin Tang; The University of Hong Kong Hong Zou; The University of Hong Kong |
| Presented by: Lin Tang, The University of Hong Kong |
| Discussant: Aaron Burt, Oklahoma State |
| Informational Advantage of the Wealthy |
| By SUMIT Agarwal; National University of Singapore Longwei Cheng; National University of Singapore Pulak Ghosh; Indian Institute of Management Bangalore Poorya Kabir; National University of Singapore |
| Presented by: Longwei Cheng, National University of Singapore |
| Discussant: Abhiroop Mukherjee, Hong Kong University of Science and Technology |
| Women in Office, Women in Markets: Female Leadership and Stock Market Participation |
| By Pulak Ghosh; Indian Institute of Management Bangalore Jian Zhang; The University of Hong Kong Qinxuan Zhang; The University of Hong Kong Hong Zou; The University of Hong Kong |
| Presented by: Qinxuan Zhang, The University of Hong Kong |
| Discussant: Jing Zhao, Hong Kong Polytechnic University |
| Session 7: Return predictability, optimal portfolio and momentum June 27, 2026 8:00 to 9:45 Location: S227 |
| Session Chair: Jun YU, University of Macau |
| Rational Inattention, Option Trading, and Stock Return Predictability |
| By Dennis Bams; Maastricht University Peiran Jiao; Maastricht University Xiaoyu Kang; Maastricht University |
| Presented by: Xiaoyu Kang, Maastricht University |
| Discussant: Shiyang Huang, The University of Hong Kong |
| Large Portfolios under Flexible Short-Sale Constraints: Optimality, Estimation Accuracy, and Beating 1/N |
| By Han Tong; Columbia University Ming Yuan; Columbia University Guofu Zhou; Washington University in St. Louis Jason Zhou; University of Chicago |
| Presented by: Han Tong, Columbia University |
| Discussant: Xiaorong Ma, University of Macau |
| Momentum and Reversal on Short-Term Horizon: Evidence from Commodity Markets |
| By Yiyi Ding; University of Macau Wenjin Kang; University of Macau Jianfeng Yu; Tsinghua University Shen Zhao; University of Macau |
| Presented by: Yiyi Ding, University of Macau |
| Discussant: Liyan Yang, University of Toronto |
| Intraday Residual Reversal in the U.S. Stock Market |
| By Jonathan Brogaard; University of Utah Jaehee Han; University of Utah Hanjun Kim; University of Utah |
| Presented by: Jaehee Han, University of Utah |
| Discussant: Yufeng Han, University of North Carolina at Charlotte |
| Session 8: Adapting to Changes in Technology and Geopolitics June 27, 2026 10:15 to 12:00 Location: S223 |
| Session Chair: Abhiroop Mukherjee, Hong Kong University of Science and Technology |
| Cross-Border Patents, Supply Chain Innovation, and Trade Policy Risks |
| By Sudipto Dasgupta; The Chinese University of Hong Kong Huang Huang Rui Shi; University of Liverpool |
| Presented by: Sudipto Dasgupta, The Chinese University of Hong Kong |
| Discussant: Emilio Bisetti, Hong Kong University of Science and Tech |
| AI Inventions and AI Talent Migrations: US and China |
| By Hanming Fang; University of Pennsylvania Xian Gu; Durham University Hanyi Yan; Tsinghua University Wu Zhu; Tsinghua University |
| Presented by: Wu Zhu, Tsinghua University |
| Discussant: Xiao Zhao, Shanghai Advanced Institute of Finance (SAIF) |
| Market Feedback about Emerging Technologies |
| By Sean Cao; University of Maryland Itay Goldstein; University of Pennsylvania and NBER Jie He; University of Georgia Yabo Zhao; Chinese University of Hong Kong, Shenzhen |
| Presented by: Yabo Zhao, Chinese University of Hong Kong, Shenzhe |
| Discussant: Alminas Zaldokas, National University of Singapore |
| Navigating Geopolitical Risk: How do Sanctions Shape Global Supply Chains? |
| By Zeyun Bei; Tsinghua Univeristy Yaxuan Qi; City University of Hong Kong Jing Wu; The Chinese University of Hong Kong Yinggang Zhou; Xiamen University |
| Presented by: Zeyun Bei, Tsinghua Univeristy |
| Discussant: Xudong Wen, Hong Kong University of Science and Technology |
| Session 9: Challenging Existing Perspectives June 27, 2026 10:15 to 12:00 Location: S228 |
| Session Chair: Zhiguo He, Stanford Graduate School of Business |
| Option Exercise Games and the q Theory of Investment |
| By Min Dai; The Hong Kong Polytechnic University Zhaoli Jiang; Hong Kong Polytechnic University Neng Wang; Cheung Kong Graduate School of Business |
| Presented by: Neng Wang, Cheung Kong Graduate School of Business |
| Discussant: Shiming Fu, Shanghai University of Finance and Economics |
| Another Rationalization of "Debt as a Blessing" |
| By Feng Dong; Tsinghua University Thomas Sargent; New York University and Peking University HSBC Business School Pengfei Wang; Peking University Yizhen Wang; Tsinghua University |
| Presented by: Yizhen Wang, Tsinghua University |
| Discussant: Zhiguo He, Stanford Graduate School of Business |
| Model-Based Cross-Section Factors in Corporate Bonds |
| By Zhe Geng; Fudan University Jun Pan; Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University |
| Presented by: Zhe Geng, Fudan University |
| Discussant: Shuo Liu, Tsinghua University, School of Economics and Management (SEM) |
| Data Regulation in Credit Markets |
| By Uday Rajan; University of Michigan Yan Xiong; University of Hong Kong |
| Presented by: Yan Xiong, University of Hong Kong |
| Discussant: Junyuan Zou, INSEAD |
| Session 10: Cross Section of Asset Returns June 27, 2026 10:15 to 12:00 Location: S226 |
| Session Chair: Yuhang Xing, Rice University |
| Negative Bubbles in the Market for Innovation |
| By Henry Cao; Cheung Kong Graduate School of Business Hui Ou-Yang; Cheung Kong Graduate School of Business Dan Su; Cheung Kong Graduate School of Business Dongyan Ye; Cheung Kong Graduate School of Business |
| Presented by: Dan Su, Cheung Kong Graduate School of Business |
| Discussant: Wei Xiong, Princeton University |
| Identifying Belief Distortions in the Cross Section of Factor Returns |
| By Juhani Linnainmaa; Dartmouth College Yingguang Zhang; Guanghua School of Management, Peking University |
| Presented by: Yingguang Zhang, Guanghua School of Management, Peking University |
| Discussant: Hongye Guo, The University of Hong Kong |
| Learning about Expected Profitability |
| By Kewei Hou; Ohio State University Petra Sinagl; University of Iowa |
| Presented by: Petra Sinagl, University of Iowa |
| Discussant: Zhengyang Xu, City University of Hong Kong |
| Moment Fusing: An Informed Construction of Pricing Factors |
| By Kingway Chun-Wei Lin; Illinois Institute of Technology Ngoc-Khanh Tran; Virginia Tech Guofu Zhou; Washington University in St. Louis |
| Presented by: Ngoc-Khanh Tran, Virginia Tech |
| Discussant: Xiaolu Wang, Iowa State University |
| Session 11: Global Perspectives on ESG: Technology, Climate, and Strategy June 27, 2026 10:15 to 12:00 Location: S225 |
| Session Chair: Xintong Zhan, Fudan University |
| Strategic Capture of Monitors: Evidence from Pollution Control in China |
| By Raymond Fisman; Boston University Yongxiang Wang; Shanghai Advanced Institute of Finance, Naide Ye; Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University |
| Presented by: Naide Ye, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University |
| Discussant: Kunru Zou, Hong Kong Baptist University |
| Severed Links: Infrastructure Rigidity and the Trade Consequences of Climate Shocks |
| By Minhao Chen; Shenzhen University Lin William Cong; Nanyang Technological University Haoyu Gao; Renmin University of China Jiaren Lu; Renmin University of China |
| Presented by: Minhao Chen, Shenzhen University |
| Discussant: Wenxi Jiang, The Chinese University of Hong Kong |
| Does Gamification on a Green Fintech App Nudge Users' Green Investments? |
| By Chuwen Chen; Zhejiang University Tse-Chun Lin; University of Hong Kong Xingguo Luo; Zhejiang University |
| Presented by: Chuwen Chen, Zhejiang University |
| Discussant: Hao Liang, Singapore Management University |
| When Automation Meets Accountability: International Evidence from Robotics Adoption and ESG Incidents |
| By Sadok El Ghoul; University of Alberta Omrane Guedhami; University of South Carolina Summer Liu; University of Richmond Siqi Wei; California State University Northridge |
| Presented by: Summer Liu, University of Richmond |
| Discussant: Rex Renjie, Vrije Universiteit (VU) Amsterdam |
| Session 12: Information and Expectations in Asset Pricing June 27, 2026 10:15 to 12:00 Location: S224 |
| Session Chair: Roger Loh, Nanyang Technological University |
| The Effects of Monetary Policy on Macroeconomic Expectations: High-Frequency Evidence from Prediction Markets |
| By Eric Swanson; University of California Irvine Renxuan Wang; China Europe International Business Scho Yanbin Wu; University of Florida |
| Presented by: Renxuan Wang, China Europe International Business Scho |
| Discussant: Grace Xing Hu, Tsinghua University |
| Subjective Expectations for Variance and Skewness: Evidence from Analyst Reports |
| By Shuaiyu Chen; UVA Darden Shuaiqi Li; City University of Hong Kong Yucheng Yang; The Chinese University of Hong Kong Yaping Zheng; University of Alberta |
| Presented by: Shuaiqi Li, City University of Hong Kong |
| Discussant: Peixuan Yuan, Hong Kong Baptist University |
| ETFs, Anomalies and Market Efficiency |
| By Ilias Filippou; Florida State University Songrun He; Washington University in St. Louis Sophia Zhengzi Li; Rutgers Business School Guofu Zhou; Washington University in St. Louis |
| Presented by: Ilias Filippou, Florida State University |
| Discussant: Weikai Li, City University of Hong Kong |
| Monetary Factor Momentum |
| By Adam Farago; University of Gothenburg Erik Hjalmarsson; University of Gothenburg Hongtao Qiu; Zhejiang University Ming Zeng; University of Gothenburg |
| Presented by: Hongtao Qiu, Zhejiang University |
| Discussant: Zhanhui Chen, The Hong Kong University of Science and Technology |
| Session 13: Market Consequences of Information, Heuristics, and AI June 27, 2026 10:15 to 12:00 Location: S227 |
| Session Chair: Hui Chen, Massachusetts Institute of Technology |
| From the Environment to the Market: How Pollution Monitoring Shapes Analysts’ Pricing of Environmental Risks |
| By Namrata Kala; MIT Jalal Sani; University of Illinois Nemit Shroff; MIT Sloan School of Management Pengdong Zhang; Sun Yat-sen University |
| Presented by: Pengdong Zhang, Sun Yat-sen University |
| Discussant: Jian Zhang, The University of Hong Kong |
| THE LUXURY OF ROUNDING: HEURISTICS AND PRIVATE INFORMATION |
| By Xiaowen Hu; Southern Methodist University Andreas Kraft; University of Chicago |
| Presented by: Xiaowen Hu, Southern Methodist University |
| Discussant: Jiaheng Yu, The University of Hong Kong |
| When Reputation Lies: The Economic Consequences of Misinformation—Evidence from Yelp |
| By John (Jianqiu) Bai; Northeastern University Yi Cao; George Mason University Chi Wan; San Diego State University Sean Wang; Southern Methodist University |
| Presented by: John (Jianqiu) Bai, Northeastern University |
| Discussant: Yapei Zhang, ShanghaiTech University |
| Human Edge, Machine Limits: AI-Human Competition in Financial Markets |
| By Winston Dou; University of Pennsylvania Itay Goldstein; University of Pennsylvania and NBER Zigang Li; Rotman School of Management Liyan Yang; University of Toronto |
| Presented by: Winston Dou, University of Pennsylvania |
| Discussant: Lin Cong, Cornell University |
| Session 14: Power and Safe-Asset Demand in Global Financial Markets June 27, 2026 10:15 to 12:00 Location: S222 |
| Session Chair: WENHAO LI, USC Marshall School of Business |
| Geoeconomic Competition and Capital Reallocation in Global FX Funding |
| By Yu An; Johns Hopkins University Amy Huber; University of Pennsylvania |
| Presented by: Yu An, Johns Hopkins University |
| Discussant: Haonan Zhou, The University of Hong Kong |
| Arbitraging the US sanction: Theory and Evidence |
| By Zefeng Chen; Peking University Zhiquan Shao; Peking University |
| Presented by: Zefeng Chen, Peking University |
| Discussant: Xiang Fang, The University of Hong Kong |
| Stablecoin Flows, Dollar Convenience Yields and Exchange Rates |
| By Shiyang Huang; The University of Hong Kong Dong Lou; Hong Kong University of Science and Technology Zhenghan Shao; Tsinghua University tianyu wang; Tsinghua University |
| Presented by: tianyu wang, Tsinghua University |
| Discussant: Paul Whelan, Chinese University of Hong Kong |
| Session 15: Keynote Speech June 27, 2026 14:00 to 16:30 Location: S221 |
| Session 16: Climate and Biodiversity Finance June 27, 2026 16:45 to 18:30 Location: S228 |
| Session Chair: Zhenyu Gao, The Chinese University of Hong Kong |
| The Surprising Performance of Green Retail Investors: A New (Behavioral) Channel |
| By SUMIT Agarwal; National University of Singapore Yanlin Bao; Singapore Management University Pulak Ghosh; India Institute of Management Bangalore Hong Zhang; Singapore Management University Jian Zhang; The University of Hong Kong |
| Presented by: Hong Zhang, Lee Kong Chian School of Business, Singapore Management University |
| Discussant: Cameron Peng, The London School of Economics and Polit |
| Climate Change and Green Technology: Evidence from Patent Examiners |
| By Jie Cao; Hong Kong Polytechnic University Tao Shu; Chinese University of Hong Kong, Shenzhen Xuan Tian; Tsinghua University Yajing Wang; Hong Kong Polytechnic University Xintong Zhan; Fudan University |
| Presented by: Jie Cao, Hong Kong Polytechnic University |
| Discussant: Guojun He, University of Hong Kong |
| The Social Transmission of Financial Vigilance: Evidence from Natural Disasters |
| By Zhonghao Jiang; Newcastle University Alan Kwan; The University of Hong Kong Dragon Tang; University of Hong Kong Yue Zhou; University of Southampton |
| Presented by: Yue Zhou, University of Southampton |
| Discussant: Guoman She, National University of Singapore |
| From Fines to Feathers: Enforcement Stringency, Protectionism, and Biodiversity |
| By Panyu Li; Simon Fraser University Yuchen Xu; The University of New South Wales Luping Yu; University of Macau |
| Presented by: Panyu Li, Simon Fraser University |
| Discussant: Dragon Yongjun Tang, The University of Hong Kong |
| Session 17: Corporate Finance: Information, Talent, and Capital June 27, 2026 16:45 to 18:30 Location: S227 |
| Session Chair: Wenyu Wang, Indiana University |
| Unveiling the Fog of Law: Judicial Transparency and Entrepreneurship |
| By Xing Liu; Tsinghua University Xuan Tian; Tsinghua University Zhiming Zhu; Tsinghua University |
| Presented by: Zhiming Zhu, Tsinghua University |
| Discussant: Yingxiang Li, City University of Hong Kong |
| Attentive Market Timing |
| By Yifei Mao; Santa Clara University Hong Xiang; Hong Kong Polytechnic University Mendy (Mengdi) Zhang; The Hong Kong Polytechnic University |
| Presented by: Yifei Mao, Santa Clara University |
| Discussant: Shuran Zhang, Hong Kong Polytechnic University |
| Thy Bust, My Boom: Micro Evidence on Small Firms' Tech Evolution after Dot Com Bubble Burst |
| By John (Jianqiu) Bai; Northeastern University Chen (Lilly) Li; UMass Amherst Wenting Ma; University of Massachusetts Amherst |
| Presented by: Wenting Ma, University of Massachusetts Amherst |
| Discussant: Jie He, University of Georgia |
| Financing Nonprofits |
| By Egor Matveyev; MIT Sloan School of Management Stefan Zeume; University of Illinois at Urbana-Champaign |
| Presented by: Stefan Zeume, University of Illinois at Urbana-Champaign |
| Discussant: Dan Luo, The Chinese University of Hong Kong |
| Session 18: Information, Liquidity, and Asset Management June 27, 2026 16:45 to 18:30 Location: S225 |
| Session Chair: Jennifer Huang, Cheung Kong Graduate School of Business |
| Dinner Table Alphas |
| By Sean Cao; University of Maryland Huaizhi Chen; University of Texas at Dallas Lauren Cohen; Harvard Business School Tianchen (Hugo) Zhao; University of Maryland |
| Presented by: Tianchen (Hugo) Zhao, University of Maryland |
| Discussant: Qifei Zhu, National University of Singapore |
| Beyond Creation and Redemption: Principal Trading by Bond ETFs |
| By Alan Huang; University of Waterloo Maureen OHara; Cornell University Jinming Xue; Southern Methodist University Xing (Alex) Zhou; Southern Methodist University |
| Presented by: Jinming Xue, Southern Methodist University |
| Discussant: Fangzhou Lu, The University of Hong Kong |
| Reigniting the fire (sales): Evidence from corporate bond mutual funds |
| By Yong Chen; Texas A&M University Zheng Sun; University of California, Irvine Haibei Zhao; Lehigh University |
| Presented by: Haibei Zhao, Lehigh University |
| Discussant: Jinming Xue, Southern Methodist University |
| Informed Trading under the Microscope: Evidence from 30 Years of Daily Hedge Fund Trades |
| By JinGi Ha; Soongsil University Jianfeng Hu; Singapore Management University Yuehua Tang; University of Florida |
| Presented by: JinGi Ha, Soongsil University |
| Discussant: Jay Wang, University of Oregon |
| Session 19: International Financial Markets and Monetary Policy June 27, 2026 16:45 to 18:30 Location: S223 |
| Session Chair: Yi Huang, Bank for International Settlements |
| Going Supranational: Anomaly-Market Linkages and New Dimensions of Market Efficiency |
| By Xi Dong; Baruch College, City University of New York Liana Li; Baruch College Yan Li; School of Accounting,Southwestern University of Finance and Economics David Rapach; Federal Reserve Bank of Atlanta Guofu Zhou; Washington University in St. Louis |
| Presented by: Xi Dong, Baruch College, City University of New York |
| Discussant: Fuwei Jiang, Xiamen University |
| Monetary Policy Predicts Currency Movements |
| By Sohnke Bartram; University of Warwick and CEPR Mark Grinblatt; UCLA and NBER Yan Xu; The University of Hong Kong |
| Presented by: Yan Xu, The University of Hong Kong |
| Discussant: Tirupam Goel, Bank for International Settlements |
| The US as the Global Equity Safe Haven |
| By Zefeng Chen; Peking University Yintao He; Peking University Zhiquan Shao; Peking University Changhua Yu; Peking University |
| Presented by: Zefeng Chen, Peking University |
| Discussant: Haonan Zhou, The University of Hong Kong |
| Request for Quote Trading in the Foreign Exchange Market |
| By Rainer Haselmann; Goethe University Ingomar Krohn Philippe Mueller; University of Warwick Maik Schmeling; Goethe University Frankfurt |
| Presented by: Philippe Mueller, University of Warwick |
| Discussant: Xiang Fang, The University of Hong Kong |
| Session 20: Asset Pricing with Frictions and Information June 28, 2026 8:00 to 9:45 Location: S224 |
| Session Chair: Dongmei Li, University of South Carolina |
| Short-selling Profitability, Market Power, and Asset Pricing Anomalies |
| By Zhi Da; University of Notre Dame Chengbo Fu; University of Northern British Columbia Nanying Lin; Arkansas State University Lei Lu; University of Manitoba |
| Presented by: Chengbo Fu, University of Northern British Columbia |
| Discussant: Elaine Zhang, IE Business School |
| China Concept Stocks: A Tale of Three Markets |
| By Grace Xing Hu; Tsinghua University Jiang Wang; Massachusetts Institute of Technology Zijian Zhong; PBC School of Finance, Tsinghua University |
| Presented by: Grace Xing Hu, Tsinghua University |
| Discussant: Chenyu Shan, Shanghai University of Finance and Economics |
| Macro Risk Premia and the Business Cycle |
| By Zhiwei Su; Lingnan University Jianfeng Yu; Tsinghua University |
| Presented by: Zhiwei Su, Lingnan University |
| Discussant: Jun Liu, University of California, San Diego |
| Machine Learning Meets Markowitz |
| By Yijie Wang; Tongji University Hao Gao; Tsinghua PBCSF Campbell Harvey; Duke University Yan Liu; Tsinghua University School of Economic a Xinyuan Tao; New Jersey Institute of Technology |
| Presented by: Yijie Wang, Tongji University |
| Discussant: Yan Ji, Hong Kong University of Science and Tech |
| Session 21: Behavioral Finance June 28, 2026 8:00 to 9:45 Location: S228 |
| Session Chair: Baolian Wang, University of Florida |
| Attention and Personalization in Promoting Retirement Savings: Evidence from Two Field Experiments |
| By Zeyang Chen; Renmin University of China Xinfa Cai; Peking University Chen Lin; The University of Hong Kong Yu-Jane Liu; Peking University Juanjuan Meng; Peking University |
| Presented by: Zeyang Chen, Renmin University of China |
| Discussant: Pengfei Sui, The Chinese University of Hong Kong, Shen Zhen |
| Behavioral Economics of AI: LLM Biases and Corrections |
| By Pietro Bini; Boston University Lin William Cong; Cornell University Xing Huang; Cornell University and Washington Univer Lawrence Jin; Cornell University |
| Presented by: Lin William Cong, Nanyang Technological University |
| Discussant: Shiyang Huang, The University of Hong Kong |
| Beta for Alpha: Neural Engagement in High-Stakes Economic Decisions |
| By Liang Chen; East China University of Science and Technology Tse-Chun Lin; The University of Hong Kong Fei Wu; Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University Xingjian Zheng; Shanghai Jiao Tong University Eric Zhou |
| Presented by: Xingjian Zheng, Shanghai Jiao Tong University |
| Discussant: Cameron Peng, The London School of Economics and Polit |
| FinTech Brings a Bias from Psychology Labs to a Two-trillion-dollar Market |
| By Hongjun Yan; DePaul University Zhengwei Wang; Tsinghua University Yulai Yuan; Xuanyuan Insurance Agency Co., Ltd Xiaole Qiu; Tsinghua University Jia Xiang; Tsinghua University Yaqing Xiao; Capital University of Economics and Business Erik Davidson; Baylor University |
| Presented by: Hongjun Yan, DePaul University |
| Discussant: Weikai Li, City University of Hong Kong |
| Session 22: Firms' sociopolitical risks June 28, 2026 8:00 to 9:45 Location: S223 |
| Session Chair: Bohui Zhang, The Chinese University of Hong Kong, Shenzhen |
| Political Conflict and Corporate Policies: Evidence from the Basque Country |
| By Francois Derrien; HEC Paris Stavriana Hadjigavriel; CUNEF Universidad Jose M. Martin-Flores; CUNEF Universidad Arthur Romec; Toulouse Business School |
| Presented by: Jose M. Martin-Flores, CUNEF Universidad |
| Discussant: Stefan Zeume, University of Illinois at Urbana-Champaign |
| Hate Group: Unseen Threat to the Supplier-Customer Relationships |
| By Iftekhar Hasan; Fordham University Jiaying Li; NHH Norwegian School of Economics Ruiqi Mao; University of Sussex |
| Presented by: Jiaying Li, NHH Norwegian School of Economics |
| Discussant: Rui Dai, University of Pennsylvania/CUHK.SZ |
| Antitrust Enforcement and Product Market Dynamics: Evidence from U.S. Government Procurement |
| By Jonathan Brogaard; University of Utah Decio Coviello; HEC Montréal Yunying Huang; Fordham University Stefano Manfredonia; Fordham University |
| Presented by: Yunying Huang, Fordham University |
| Discussant: Alminas Zaldokas, National University of Singapore |
| A Credibility Premium: How PhD CEOs Shape Disclosure, Market Reactions, and Risk Resolution |
| By Markus Leippold; University of Zurich Qian Wang; University of Zurich, Inovest Partners AG Min Yang; University of Zurich, Swiss Finance Institute |
| Presented by: Min Yang, University of Zurich, Swiss Finance Institute |
| Discussant: Allen Huang, The Hong Kong University of Science and |
| Session 23: Information Intermediation and Real Effects of Governance and Policy June 28, 2026 8:00 to 9:45 Location: S226 |
| Session Chair: Tao Shu, Chinese University of Hong Kong, Shenzhen |
| Risk Sharing in Supply Chains of Business Groups: Evidence from Trade Credit |
| By Jinzhao Du Ronald Masulis; University of New South Wales Peter Pham; University of Sydney Ji Hyun (Jenny) Tak; University of Manchester |
| Presented by: Ji Hyun (Jenny) Tak, University of Manchester |
| Discussant: Henry Zhang, CUHK Business School |
| A Diverse View on Board Diversity |
| By Vyacheslav Fos; Boston College Wei Jiang; Emory University Huasheng Nie; UCLA |
| Presented by: Huasheng Nie, UCLA |
| Discussant: Yabo Zhao, Chinese University of Hong Kong, Shenzhe |
| The Equity Constraint Channel of Monetary Policy |
| By Heitor Almeida; University of Illinois Timothy Johnson; University of Illinois Sebastiao Oliveira; University of Illinois Yucheng Zhou; University of Illinois at Urbana-Champaign |
| Presented by: Yucheng Zhou, University of Illinois at Urbana-Champaign |
| Discussant: Deheng Xu, The Chinese University of Hong Kong |
| Dancing to the Fed’s Tune: Earnings Announcement Clustering and Analyst Forecast Informativeness Around FOMC Meetings |
| By Junjie Chen; The Chinese University of Hong Kong Sudipto Dasgupta; The Chinese University of Hong Kong Xu Jiang; Duke University Liyan Yang; University of Toronto |
| Presented by: Sudipto Dasgupta, The Chinese University of Hong Kong |
| Discussant: Rong Wang, Singapore Management University |
| Session 24: New Topics in Empirical Asset Pricing June 28, 2026 8:00 to 9:45 Location: S225 |
| Session Chair: Zhi Da, University of Notre Dame |
| Pricing the Global Trade Vulnerability |
| By Jiatao Liu; Xi'an Jiaotong-Liverpool University Jun Pan; Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University |
| Presented by: Jiatao Liu, Xi'an Jiaotong-Liverpool University |
| Discussant: Ling Cen, The Chinese University of Hong Kong |
| Legislative Trades |
| By Ziming Dong; University of California Irvine Nancy Xu; University of Cambridge |
| Presented by: Nancy Xu, University of Cambridge |
| Discussant: Yuehua Tang, University of Florida |
| Forecast-Agnostic Portfolios |
| By Hongye Guo; The University of Hong Kong Jessica Wachter; University of Pennsylvania |
| Presented by: Hongye Guo, The University of Hong Kong |
| Discussant: Guofu Zhou, Washington University in St. Louis |
| Options Market Makers |
| By Jianfeng Hu; Singapore Management University Antonia Kirilova; CUNEF Universidad Dmitriy Muravyev; niversity of Illinois Urbana-Champaign Doojin Ryu; Sungkyunkwan University |
| Presented by: Antonia Kirilova, CUNEF Universidad |
| Discussant: Jaewon Choi, Seoul National University |
| Session 25: Topics in Empirical Corporate Finance June 28, 2026 8:00 to 9:45 Location: S227 |
| Session Chair: Yuhai Xuan, University of California, Irvine |
| Lobbying Congress versus Agencies |
| By Ekaterina Volkova; University of Melbourne Michelle Lowry; Drexel Univ |
| Presented by: Ekaterina Volkova, University of Melbourne |
| Discussant: Arkodipta Sarkar, National University of Singapore |
| Investor Expertise and Private Investment Selection |
| By Shane Miller; Ross School of Business, University of M Emmanuel Yimfor; Columbia University Ye Zhang; Stockholm School of Economics |
| Presented by: Ye Zhang, Stockholm School of Economics |
| Discussant: Jun Chen, University of Illinois Chicago |
| Luck as a Mixed Blessing |
| By Janet Gao; Georgetown University Xu Tian; University of Georgia Wenyu Wang; Kelley School of Business, Indiana University Yufeng Wu; Ohio State University |
| Presented by: Wenyu Wang, Indiana University |
| Discussant: Boris Nikolov, University of Lausanne and Swiss Finance Institute |
| Real Effects of External Innovation: Evidence from the Tax Cuts and Jobs Act |
| By Wendi Du; University of South Carolina Dongmei Li; University of South Carolina Columbia |
| Presented by: Dongmei Li, University of South Carolina |
| Discussant: Yifei Mao, Santa Clara University |
| Session 26: Trading and Information June 28, 2026 8:00 to 9:45 Location: S222 |
| Session Chair: Chen Yao, The Chinese University of Hong Kong |
| Uninformed yet Consequential: Liquidity Shocks in FX Markets |
| By Umang Khetan; University of Iowa Petra Sinagl; University of Iowa |
| Presented by: Petra Sinagl, University of Iowa |
| Discussant: Neil Pearson, University of Illinois at Urbana-Champai |
| Open data and financial market quality |
| By Lin Cong; Nanyang Technological University Siguang Li; Hong Kong University of Science and Technology (Guangzhou) Mingzhe ZHENG; Hong Kong University of Science and Technology (Guangzhou) |
| Presented by: Mingzhe ZHENG, Hong Kong University of Science and Technology (Guangzhou) |
| Discussant: Yan Xiong, University of Hong Kong |
| China Walls |
| By Tomy Lee; Central European University Daniel Nathan; Hong Kong Polytechnic and Bank of Israel Chaojun Wang; University of Pennsylvania |
| Presented by: Daniel Nathan, Hong Kong Polytechnic and Bank of Israel |
| Discussant: John Chi-Fong Kuong, CUHK Business School |
| When Delayed Spotting Meets Delayed Reporting: Distortions in the Corporate Bond Index Close |
| By Andreas Rapp; Federal Reserve Board of Governors Sean Seunghun Shin; KAIST College of Business Xing (Alex) Zhou; Southern Methodist University Qifei Zhu; National University of Singapore |
| Presented by: Sean Seunghun Shin, KAIST College of Business |
| Discussant: Jian Sun, Singapore Management University |
| Session 27: Entrepreneurial Finance and Innovation June 28, 2026 10:15 to 12:00 Location: S225 |
| Session Chair: Xuan Tian, Tsinghua University |
| The Impact of Patient Capital |
| By Yingxiang Li; City University of Hong Kong Tong Liu; Massachusetts Institute of Technology Ting Xu; University of Toronto |
| Presented by: Yingxiang Li, City University of Hong Kong |
| Discussant: Bo Li, Peking University |
| Social Capital and Innovation |
| By Brad Cannon; Binghamton University David Hirshleifer; University of Southern California Joshua Thornton; Baylor University |
| Presented by: Joshua Thornton, Baylor University |
| Discussant: Xintong Zhan, Fudan University |
| Technological Life Cycles: Investment, Growth, and Firm Value |
| By David Barkemeyer Jan Bena; University of British Columbia Xiyue Li; The Chinese University of Hong Kong, Shenzhen |
| Presented by: Xiyue Li, The Chinese University of Hong Kong, Shenzhen |
| Discussant: Jiayi Wei, INSEAD |
| Market Integration, Risk-Taking, and Income Inequality |
| By Lin Cong; Nanyang Technological University Ron Kaniel; University of Rochester Yizhou Xiao; The Chinese University of Hong Kong |
| Presented by: Yizhou Xiao, The Chinese University of Hong Kong |
| Discussant: Pengfei Han, Peking University |
| Session 28: Financial Intermediation in Transition June 28, 2026 10:15 to 12:00 Location: S227 |
| Session Chair: Lin Peng, Baruch College, The City University of N |
| From CeFi to DeFi: What Do Investors (Mis)Trust? |
| By Shaokai Ding; University of Manchester Wenzhi Ding; The Hong Kong Polytechnic University Chen Lin; The University of Hong Kong |
| Presented by: Wenzhi Ding, The Hong Kong Polytechnic University |
| Discussant: Keer Yang, University of California, Davis |
| Data Scientists on Wall Street |
| By Ling Cen; The Chinese University of Hong Kong Bing Han; University of Toronto Yanru Han; Stevens Institute of Technology Chanik Jo; The Chinese University of Hong Kong |
| Presented by: Chanik Jo, The Chinese University of Hong Kong |
| Discussant: Alan Kwan, The University of Hong Kong |
| Banks on the Block: Branch Proximity and Small Business Performance |
| By Elliot Oh; University of Maryland Vojislav Maksimovic; University of Maryland Liu Yang; University of Maryland |
| Presented by: Liu Yang, University of Maryland |
| Discussant: Yu Shan, Syracuse University |
| Getting Called: The Risks of Investor Liquidity Provision to Private Funds |
| By Tiange Ye; University of Southern California |
| Presented by: Tiange Ye, University of Southern California |
| Discussant: Yingxiang Li, City University of Hong Kong |
| Session 29: From Brown to Green: Finance, Disclosure, and Social Exposure June 28, 2026 10:15 to 12:00 Location: S224 |
| Session Chair: Darwin Choi, The Hong Kong University of Science and Technology |
| Sustainable Short Selling |
| By Bing Liang; University of Massachusetts Amherst Loriana Pelizzon; Leibniz Institute for Financial Research Tianyi Qu; Baylor University Mila Sherman; University of Massachusetts Amherst |
| Presented by: Tianyi Qu, Baylor University |
| Discussant: Hulai Zhang, Fudan University |
| Financing the Green Transition of "Brown" Sectors |
| By Hao Liang; Singapore Management University Yi-Cheng Shih; National Taipei University Yongheng Sun; Singapore Management University Yao Wang; International Institute of Green Finance, Central University of Finance and Zhenshu Wu; Shanghai Dianjia University Tianhao Yao; Singapore Management University |
| Presented by: Hao Liang, Singapore Management University |
| Discussant: Emirhan Ilhan, National University of Singapore |
| Environmental Disclosures in Global Supply Chains |
| By Christian Opp; University of Rochester Xingtan Zhang; Cheung Kong Graduate School of Business |
| Presented by: Xingtan Zhang, Cheung Kong Graduate School of Business |
| Discussant: Jian Sun, Singapore Management University |
| Unpacking Social Exposure |
| By Mingyang Liu; Frankfurt School of Finance and Management Zacharias Sautner; University of Zurich Laurence van Lent; Frankfurt School of Finance and Manageme Grigory Vilkov; Frankfurt School of Finance & Management Ruishen Zhang; The University of Hong Kong |
| Presented by: Mingyang Liu, Frankfurt School of Finance and Management |
| Discussant: Xin Zheng, University of British Columbia |
| Session 30: Information, Risk and Stock Returns June 28, 2026 10:15 to 12:00 Location: S226 |
| Session Chair: Hong Yan, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University |
| Structured Bias in Implied Cost of Capital: Theory, Evidence, and Research Implications |
| By Jun Chen; The Chinese University of Hong Kong John Hughes; University of California Los Angeles Jun Liu; University of California, San Diego |
| Presented by: Jun Chen, The Chinese University of Hong Kong |
| Discussant: Yan Xiong, University of Hong Kong |
| Earnings Announcement Drift in China |
| By Yu-Jane Liu; Peking University Ying Yu; Tsinghua University Xiaoyan Zhang; Tsinghua University Xinran Zhang; Central University of Finance and Economics |
| Presented by: Ying Yu, Tsinghua University |
| Discussant: Sarah Wang, University of Warwick |
| Decoding Risk: Neural Topic Modeling of Corporate Risk Disclosures and Expected Returns |
| By Allen Huang; The Hong Kong University of Science and Rongyang Ma; Tsinghua University Haifeng You; Tsinghua University |
| Presented by: Haifeng You, Tsinghua University |
| Discussant: Fuwei Jiang, Xiamen University |
| Narrative Risk and the Aggregated Stock Market Return |
| By Hong Liu; Washington University in St. Louis Lingchao Meng; University of International Business and Economics Huacheng Zhang; University of Edinburgh Guofu Zhou; Washington University in St. Louis |
| Presented by: Lingchao Meng, University of International Business and Economics |
| Discussant: John (Jianqiu) Bai, Northeastern University |
| Session 31: Managers, Employees, and Corporate Outcomes June 28, 2026 10:15 to 12:00 Location: S222 |
| Session Chair: Angie Low, Nanyang Technological University |
| The Gender Effects of Paid Sick Leave Mandates on Labor Performance: Evidence from Equity Analysts |
| By Shunlan Fang; Kent State University Weikai Li; City University of Hong Kong Xiaoling Pu; Kent State University |
| Presented by: Xiaoling Pu, Kent State University |
| Discussant: Xingchen Zhu, Vrije Universiteit Amsterdam |
| The visible hand: managerial allocation and business productivity |
| By Yuchen Chen; University of Illinois at Urbana Champaign |
| Presented by: Yuchen Chen, University of Illinois at Urbana Champaign |
| Discussant: Jack Xiaoyong Fu, University of Hong Kong |
| CEO Ideology and Global Trade |
| By Elisabeth Kempf; Harvard Business School Mancy Luo; Bayes Business School Margarita Tsoutsoura; Washington University |
| Presented by: Mancy Luo, Bayes Business School |
| Discussant: Maxim Alekseev, Hong Kong University of Science and Technology |
| Set in Stone: The Persistence and Origins of Corporate Culture |
| By Kai Li; University of British Columbia Yu-Jane Liu; Peking University Ruichang Lu; Peking University Kaihao Qian; Peking University Xiaojun Zhang; Peking University |
| Presented by: Ruichang Lu, Peking University |
| Discussant: Yujing Ma, The Hong Kong Polytechnic University |
| Session 32: Non-Bank Financial Intermediation June 28, 2026 10:15 to 12:00 Location: S228 |
| Session Chair: Zhiguo He, Stanford Graduate School of Business |
| On The Drivers of Corporate Bond Lending |
| By Amit Goyal; University of Lausanne Yoshio Nozawa; University of Toronto Yancheng Qiu; The University of Sydney |
| Presented by: Yancheng Qiu, The University of Sydney |
| Discussant: Shuaiyu Chen, UVA Darden |
| Underwriting as Network Formation: Evidence from Municipal Bond Auctions |
| By Jiawei Dai; Tsinghua SEM Shuo Liu; Tsinghua University, School of Economics and Management (SEM) Manyi Wang; Tsinghua University, School of Economics and Management (SEM) Xiang Yin; Tsinghua University |
| Presented by: Shuo Liu, Tsinghua University, School of Economics and Management (SEM) |
| Discussant: Jinming Xue, Southern Methodist University |
| Same Dollar, Different Impact: Investor Flows Are Not Equally Price-Moving |
| By Shiyang Huang; The University of Hong Kong Ruiqing Hu; The University of Hong Kong Yang Song; University of Washington Hong Xiang; Hong Kong Polytechnic University |
| Presented by: Ruiqing Hu, The University of Hong Kong |
| Discussant: Hong Zhang, Lee Kong Chian School of Business, Singapore Management University |
| Distant Investments: Decoding Mutual Fund Skill with Large Language Models |
| By Xiyuan Ma; Singapore Management University Matthew Spiegel; Yale School of Management Hong Zhang; Singapore Management University Yijun Zhou; Florida State University |
| Presented by: Hong Zhang, Lee Kong Chian School of Business, Singapore Management University |
| Discussant: Yong Chen, Texas A&M University |
| Session 33: Topics in Corporate Finance June 28, 2026 10:15 to 12:00 Location: S223 |
| Session Chair: Erica Li, Cheung Kong Graduate School of Business |
| Trading Under Scrutiny: Social Media Attention and Congressional Trading |
| By Xian Gu; Durham University Yiming Qian; University of Connecticut Hao Zhao; Durham University |
| Presented by: Xian Gu, Durham University |
| Discussant: Jing Zhao, Hong Kong Polytechnic University |
| Environmental and Social Litigation Risk and Corporate Misconduct : Evidence from Judge Ideology |
| By Yue Li; University of California, Irvine Hong Wu; City U of HK Yuhai Xuan; University of California, Irvine |
| Presented by: Hong Wu, City U of HK |
| Discussant: Chun Kuang, University of International Business and Economics |
| SPACS' DIRECTORS NETWORK: CONFLICTS OF INTEREST, COMPENSATION, AND COMPETITION |
| By Michael Gofman Yuchi Yao; University of Oregon |
| Presented by: Yuchi Yao, University of Oregon |
| Discussant: Ran Guo, SAIF |
| Informing Independent Directors |
| By Messod Daniel Beneish; Indiana University Cassandra Marshall; University of Richmond Qianfan Wu; Indiana University Jun Yang; Indiana University |
| Presented by: Jun Yang, Indiana University |
| Discussant: Fangyuan Ma, Peking University |
| Session 34: Navigating an Academic Career in Finance June 28, 2026 12:15 to 13:00 Location: S221 |
| Session 35: Agency Frictions in Corporate Finance June 28, 2026 14:00 to 15:45 Location: S226 |
| Session Chair: Yunzhi Hu, University of North Carolina |
| What Drives Corporate Savings |
| By Nan Chen; The Chinese University of Hong Kong Xavier Giroud; Columbia University Ling Qin; ShanghaiTech University Neng Wang; Cheung Kong Graduate School of Business |
| Presented by: Ling Qin, ShanghaiTech University |
| Discussant: Andrea Gamba, University of Warwick |
| Dynamic Incentives for Screening and Monitoring in Venture Capital |
| By Chunlan Xu; Southern University of Science and Technology Zhaojun Yang; Southern University of Science and Technology |
| Presented by: Chunlan Xu, Southern University of Science and Technology |
| Discussant: Joanne Chen, Boston University |
| Open Banking and the Welfare Costs of Data Quality: More Data Sharing, Better Screening? |
| By Yan Xiong; University of Hong Kong Liyan Yang; University of Toronto |
| Presented by: Yan Xiong, University of Hong Kong |
| Discussant: Xian Wu, Chinese University of Hong Kong |
| Why Are Superstar Firms the Best Places to Work? Selection or Competitive Advantage? |
| By Ioannis Branikas; University of Oregon Briana Chang; HKUST Harrison Hong; Columbia University Nan Li; University of Toronto |
| Presented by: Briana Chang, HKUST |
| Discussant: Michael Gropper, University of Colorado-Boulder |
| Session 36: Asset prices, credit cycles and the real economy June 28, 2026 14:00 to 15:45 Location: S222 |
| Session Chair: Xuewen Liu, The University of Hong Kong |
| Industry Distress Anomaly |
| By Hui Chen; Massachusetts Institute of Technology Winston Dou; University of Pennsylvania Hongye Guo; The University of Hong Kong Yan Ji; Hong Kong University of Science and Tech |
| Presented by: Yan Ji, Hong Kong University of Science and Tech |
| Discussant: Kai Li, Peking University |
| Quantitative Easing and Government Debt Sustainability |
| By WENHAO LI; USC Marshall School of Business Sebastian Merkel; University of Bristol |
| Presented by: WENHAO LI, USC Marshall School of Business |
| Discussant: Zhaorui Li, HKUST |
| Entrepreneurship and Credit Crunch |
| By Yicheng Wang; Peking University Zhiwei Xu; Fudan University Liyan Yang; University of Toronto Jinxiang Yu; Shanghai University of Finance and Economics |
| Presented by: Jinxiang Yu, Shanghai University of Finance and Economics |
| Discussant: Zongbo Huang, The Chinese University of Hong Kong, She |
| Investor Composition, Bond Liquidity, and Labor Market |
| By Xiaoji Lin; University of Minnesota Runhuan Wang; University of Oxford Lin Xie Yucheng Yang; University of Zurich |
| Presented by: Lin Xie, |
| Discussant: Chao Ying, The Chinese University of Hong Kong |
| Session 37: Banks, Nonbanks, and the Supply of Credit June 28, 2026 14:00 to 15:45 Location: S224 |
| Session Chair: Jaewon Choi, Seoul National University |
| Global Banks’ Macroeconomic Expectations and Credit Supply |
| By Xiang Li; Halle Institute for Economic Research Steven Ongena; University of Zurich |
| Presented by: Xiang Li, Halle Institute for Economic Research |
| Discussant: Chanik Jo, The Chinese University of Hong Kong |
| Shocks to Debt Concentration and Reduced Borrower Control |
| By Elizabeth Bickmore; Virginia Tech University Andrew MacKinlay; Louisiana State University Jin Xu; Virginia Tech |
| Presented by: Jin Xu, Virginia Tech |
| Discussant: Ji Yeol Jimmy Oh, Korea University Business School |
| Bank Lending to Nonbanks: A Robust Channel Fueled by Constrained Capital? |
| By John Krainer; Federal Reserve Board Farindokht Vaghefi; Federal Reserve Board Teng Wang; Board of Governors of the Federal Reserve |
| Presented by: John Krainer, Federal Reserve Board |
| Discussant: Keling Zheng, The Chinese University of Hong Kong |
| Bank Liquidity Regulation and the Growth of Private Credit |
| By Sebastian Doerr; Bank for International Settlements Vesa Pursiainen; University of St.Gallen and SFI |
| Presented by: Vesa Pursiainen, University of St.Gallen and SFI |
| Discussant: Yun Soo Kim, Korea Advanced Institute of Science and Technology (KAIST) |
| Session 38: Behavioral Foundations of Trading and Return Dynamics June 28, 2026 14:00 to 15:45 Location: S225 |
| Session Chair: Byoung-Hyoun Hwang, NTU - Singapore |
| Categorical Thinking and Experience Effect: Evidence from Price-Based Return Predictability |
| By Chun Liu; Tsinghua University Huaixin Wang; University of Macau Yuehan Wang; Central University of Finance and Economics Jianfeng Yu; Tsinghua University |
| Presented by: Huaixin Wang, University of Macau |
| Discussant: Justin Birru, The Ohio State University |
| Disposition Effect and Purchase Behavior |
| By Brad Barber; University of California, Davis Rongtai Chu; Peking University Yu-Jane Liu; Peking University Terrance Odean; University of California, Berkeley Yushui Shi; Monash University |
| Presented by: Yushui Shi, Monash University |
| Discussant: Yigitcan Karabulut, Frankfurt School of Finance and Manageme |
| Correlation Neglect in Asset Prices |
| By Hongye Guo; The University of Hong Kong Jessica Wachter; University of Pennsylvania |
| Presented by: Hongye Guo, The University of Hong Kong |
| Discussant: Stefano Cassella, Tilburg School of Economics and Management |
| Memory bias and stock return |
| By Ziwen Bu; University of Birmingham Jiaqi Guo; University of Birmingham Haiming Zhao; University of Birmingham |
| Presented by: Haiming Zhao, University of Birmingham |
| Discussant: Cameron Peng, The London School of Economics and Polit |
| Session 39: Cognitive Biases and Limits: Advances in AI and Big Data June 28, 2026 14:00 to 15:45 Location: S228 |
| Session Chair: Hong Zhang, Lee Kong Chian School of Business, Singapore Management University |
| Managerial Horizon: an LLM Approach |
| By Fangzhou Liu; Shanghai University of Finance and Economics Evgeny Lyandres; Tel Aviv University Chen XU; Shenzhen MSU-BIT University |
| Presented by: Fangzhou Liu, Shanghai University of Finance and Economics |
| Discussant: Darwin Choi, The Hong Kong University of Science and Technology |
| The Limits of Multimodal Intelligence in Finance: Evidence from FOMC Press Conference |
| By Dequn Teng; University of Cambridge Chen Ye; University of Cambridge Chang Yang; Fudan University |
| Presented by: Chang Yang, Fudan University |
| Discussant: Dexin Zhou, Baruch College, City University of New Y |
| Decoding Managerial Beliefs from Corporate Disclosure: Measuring Expectation Divergence with LLMs |
| By Zhenyu Gao; The Chinese University of Hong Kong Haitao Huang; Nanjing University Jiacheng Kuang; Nanjing University |
| Presented by: Haitao Huang, Nanjing University |
| Discussant: Si Cheng, Syracuse university |
| Seeing the Goal, Missing the Truth: Human Accountability for AI Bias |
| By Sean Cao; University of Maryland Wei Jiang; Emory University Hui Xu; Lancaster University |
| Presented by: Hui Xu, Lancaster University |
| Discussant: Shihao Yu, Singapore Management University |
| Session 40: Derivatives Markets June 28, 2026 14:00 to 15:45 Location: S223 |
| Session Chair: Jianfeng Hu, Singapore Management University |
| Robinhood’s Forced Liquidations |
| By Diego Amaya; Wilfrid Laurier University Pedro A. Garcia-Ares; Finance Neil Pearson; University of Illinois at Urbana-Champai Aurelio Vasquez; ITAM |
| Presented by: Neil Pearson, University of Illinois at Urbana-Champai |
| Discussant: Xintong Zhan, Fudan University |
| Animal Spirits on Steroids: Evidence from Retail Options Trading in India |
| By Vikas Agarwal; Georgia State University Pulak Ghosh; India Institute of Management Bangalore Nagpurnanand Prabhala; Johns Hopkins University Haibei Zhao; Lehigh University |
| Presented by: Haibei Zhao, Lehigh University |
| Discussant: Yanbin Wu, University of Florida |
| The Option Market Pricing of Workforce Risk |
| By Jie Cao; Hong Kong Polytechnic University Amit Goyal; University of Lausanne Yajing Wang; Hong Kong Polytechnic University Xintong Zhan; Fudan University Elaine Zhang; IE Business School |
| Presented by: Jie Cao, Hong Kong Polytechnic University |
| Discussant: Antonia Kirilova, CUNEF Universidad |
| A Transaction Cost Perspective on Option Anomalies |
| By James O'Donovan; City University of Hong Kong Gloria Yang Yu; Singapore Management University |
| Presented by: James O'Donovan, City University of Hong Kong |
| Discussant: Xiao Xiao, University of Cambridge |
| Session 41: New Trends in ESG and Climate Finance June 28, 2026 14:00 to 15:45 Location: S227 |
| Session Chair: Shiyang Huang, The University of Hong Kong |
| Blame it on the weather: Market implied weather volatility and firm performance |
| By Joon Woo Bae; Case Western Reserve University Kris Jacobs; University of Houston Yoontae Jeon; McMaster University Stephen Szaura; BI Norwegian School of Business Virgilio Zurita; Southern Illinois University |
| Presented by: Stephen Szaura, BI Norwegian School of Business |
| Discussant: Sehoon Kim, University of Florida |
| The Social Cost of Corporate Short-Term Incentives |
| By Tao Chen; Nanyang Business School, Nanyang Technological University Yaqi Wang; Nanyang Technological University Qifei Zhu; National University of Singapore |
| Presented by: Tao Chen, Nanyang Business School, Nanyang Technological University |
| Discussant: Zhuo Zhong, University of Melbourne |
| Competition and Carbon Emissions |
| By Vesa Pursiainen; University of St.Gallen and SFI Hanwen Sun; University of Bath Yue Xiang; Durham University |
| Presented by: Hanwen Sun, University of Bath |
| Discussant: Wenxi Jiang, The Chinese University of Hong Kong |
| Biodiversity Impacts of Renewable Energy |
| By Haozhou GONG; the University of Hong Kong Chen Lin; The University of Hong Kong Zacharias Sautner; University of Zurich Thomas Schmid; The University of Hong Kong |
| Presented by: Thomas Schmid, The University of Hong Kong |
| Discussant: Ying Xia, Monash University |
| Session 42: Cognition, Attention, and Asset Prices June 28, 2026 16:15 to 18:00 Location: S227 |
| Session Chair: Cameron Peng, The London School of Economics and Polit |
| Limited Consideration Sets and Financial Decision-Making |
| By Alex Imas; The University of Chicago Ye Jin; NYU Shanghai Yiqing Lv; New York University Shanghai |
| Presented by: Yiqing Lv, New York University Shanghai |
| Discussant: Wenxi Jiang, The Chinese University of Hong Kong |
| Macro-Equity Logic Chains in the Stock Market |
| By Yukun Liu; University of Rochester Zhile Liu; Chinese University of Hong Kong (Shenzhen) Pengfei Sui; The Chinese University of Hong Kong, Shen Zhen |
| Presented by: Yukun Liu, University of Rochester |
| Discussant: Hongye Guo, The University of Hong Kong |
| Visualization and Mispricing |
| By Mengqi Huang; Capital University of Economics and Business Da Xu; Tsinghua University |
| Presented by: Da Xu, Tsinghua University |
| Discussant: Hongqi Liu, CUHK Shenzhen |
| The Effect of New Information Technologies on Asset Pricing Anomalies |
| By David Hirshleifer; University of Southern California Liang Ma; San Diego State University |
| Presented by: Liang Ma, San Diego State University |
| Discussant: Xiaomeng Lu, FISF, Fudan University |
| Session 43: Governance, Regulation, and Corporate Strategic Behavior June 28, 2026 16:15 to 18:00 Location: S223 |
| Session Chair: Jiaping Qiu, Shanghai University of Finance and Economics |
| Poison Bonds |
| By Rex Renjie; Vrije Universiteit (VU) Amsterdam Shuo Xia; Dongbei University of Finance and Economics |
| Presented by: Shuo Xia, Dongbei University of Finance and Economics |
| Discussant: Jiangyuan Li, Shanghai University of Finance and Economics |
| How Do Debt Collection Restrictions Affect Hospitals and Patients? |
| By Christine Zhuowei Huang; The University of Texas at Dallas Amit Kumar; Singapore Management University Lynn Linghuan Wang; University of Hong Kong |
| Presented by: Amit Kumar, Singapore Management University |
| Discussant: Chen Shen, Ontario Tech University |
| When Loyalty is Optional: The Economics of Corporate Opportunity Waivers and CEO Compensation |
| By Ilona Babenko; Arizona State University Benjamin Bennett; Texas Christian University Zexi Wang; Lancaster University |
| Presented by: Zexi Wang, Lancaster University |
| Discussant: Aristotelis Stouraitis, Hong Kong Baptist University |
| When Does Ownership Matter? Evidence from China |
| By Xintong Li; Boston College Tao Shen; Tsinghua University Xiaoyun Yu; Shanghai Advanced Institute of Finance (SAIF) |
| Presented by: Xintong Li, Boston College |
| Discussant: Hengguo Da, swufe |
| Session 44: Information Asymmetry and Corporate Outcomes June 28, 2026 16:15 to 18:00 Location: S224 |
| Session Chair: Xuanjuan Chen, Shanghai University of Finance and Economics |
| Navigating the Regulatory Maze: Impact on the Cost of Bank Debt |
| By Mong Shan Ee; Deakin University |
| Presented by: Mong Shan Ee, Deakin University |
| Discussant: Yan Liu, School of Business, Sun Yat-sen University |
| Revolving-Door Lawyers: Evidence on Firms’ Connections to the Environmental Protection Agency |
| By Feng Jiang; The State University of New York at Buffalo Haekwon Lee; University of Sydney Business School Veljko Fotak; University at Buffalo |
| Presented by: Haekwon Lee, University of Sydney Business School |
| Discussant: Danqing Mei, Cheung Kong Graduate School of Business |
| Unreadable Political Trades |
| By Ziming Dong; University of California Irvine Nancy Xu; University of Cambridge Xiaoyun Yu; Shanghai Advanced Institute of Finance |
| Presented by: Xiaoyun Yu, Shanghai Advanced Institute of Finance |
| Discussant: Bo Li, Peking University |
| Employee Retirement Allocations, Earnings Surprises, and Stock Return |
| By Jiaping Qiu; Shanghai University of Finance and Economics Qiaozhi Ye; Shanghai University of Finance and Economics Aaron Yoon; Northwestern University |
| Presented by: Qiaozhi Ye, Shanghai University of Finance and Economics |
| Discussant: Allen Huang, Hong Kong University of Science and Technology |
| Session 45: Language Models and Financial Markets June 28, 2026 16:15 to 18:00 Location: S228 |
| Session Chair: Dacheng Xiu, University of Chicago |
| When Experts Speak: Sequential LLM-Bayesian Learning for Startup Success Prediction |
| By Yidong Chai; Hefei University of Technology Yanguang Liu; New Jersey Institute of Techonology Xuan Tian; Tsinghua University jiaheng xie; University of Delaware yonghang Zhou; Hefei University of Technology |
| Presented by: Yanguang Liu, New Jersey Institute of Techonology |
| Discussant: Jingyu He, City University of Hong Kong |
| A Test of Lookahead Bias in LLM Forecasts |
| By Zhenyu Gao; The Chinese University of Hong Kong Wenxi Jiang; The Chinese University of Hong Kong Yutong Yan; The Chinese University of Hong Kong |
| Presented by: Yutong Yan, The Chinese University of Hong Kong |
| Discussant: Yuehua Tang, University of Florida |
| Large Language Model Disagreement |
| By Yang Liu; Hunan University Jiatao Liu; Xi'an Jiaotong-Liverpool University tianyu wang; Tsinghua University |
| Presented by: Yang Liu, Hunan University |
| Discussant: Yifei Chen, University of Chicago |
| Large Language Models and Return Prediction in Global Capital Markets |
| By Longjiang He; Tsinghua University Lin Tan; Dishui Lake Advanced Finance Institute Xiaoyan Zhang; Tsinghua University |
| Presented by: Lin Tan, Dishui Lake Advanced Finance Institute |
| Discussant: Dashan Huang, Singapore Management University |
| Session 46: Liquidity and Information in Evolving Markets June 28, 2026 16:15 to 18:00 Location: S222 |
| Session Chair: Liyan Yang, University of Toronto |
| The Welfare Implication of Information Disclosure Frequency |
| By Wen Chen; Texas Tech University Yajun Wang; Baruch College, The City University of N |
| Presented by: Yajun Wang, Baruch College, The City University of N |
| Discussant: Xu Wei, Central University of Finance and Economics |
| Inventory in Liquidity Transformation: Evidence from Corporate Bond ETF Creations |
| By Linda Du; Carnegie Mellon University |
| Presented by: Linda Du, Carnegie Mellon University |
| Discussant: Hongjun Yan, DePaul University |
| Why Did Retail Liquidity Programs Fail? |
| By Thomas Ernst; University of Maryland Chester Spatt; Carnegie Mellon University Jian Sun; Singapore Management University |
| Presented by: Jian Sun, Singapore Management University |
| Discussant: Bart Zhou Yueshen, Singapore Management University |
| Auctioning Time to Mitigate Latency Races: Theory and Evidence from Layer-2 Blockchains |
| By Agostino Capponi; Columbia University Brian Zhu; Columbia University |
| Presented by: Brian Zhu, Columbia University |
| Discussant: Yizhou Xiao, The Chinese University of Hong Kong |
| Session 47: Mutual Funds and Asset Management June 28, 2026 16:15 to 18:00 Location: S226 |
| Session Chair: Jay Wang, University of Oregon |
| Passive Flows, Active Woes: Passive Investing and the Decline of Active Mutual Fund Alpha |
| By Hannah Unterberg; University of California Irvine |
| Presented by: Hannah Unterberg, University of California Irvine |
| Discussant: Qifei Zhu, National University of Singapore |
| Private Investments by Fixed Income Mutual Funds |
| By Jaewon Choi; Seoul National University Nan Qin; Northern Illinois University Qifei Zhu; National University of Singapore |
| Presented by: Nan Qin, Northern Illinois University |
| Discussant: Viet-Dung Doan, Hong Kong Baptist University |
| Race, Gender, and Careers in Asset Management: Evidence from U.S. Administrative Data |
| By John (Jianqiu) Bai; Northeastern University Linlin Ma; Peking University Kevin Mullally; University of Central Florida Aisulu Munkina; University of Florida Yuehua Tang; University of Florida |
| Presented by: Linlin Ma, Peking University |
| Discussant: Nitin Kumar, NTU |
| Factor Timing: Evidence from Mutual Fund Skill |
| By Yu Xia; University of Manitoba Lei Lu; University of Manitoba Victor Chen; University of Manitoba Gady Jacoby; University of British Columbia Okanagan |
| Presented by: Yu Xia, University of Manitoba |
| Discussant: Jennifer Huang, Cheung Kong Graduate School of Business |
| Session 48: Structural Approaches to Climate Policy and Transition June 28, 2026 16:15 to 18:00 Location: S225 |
| Session Chair: Enrique Schroth, EDHEC Business School |
| ESG Mandate, Discriminatory Enforcement, and the Local Economy |
| By Zhonglan Dai; University of Texas at Dallas Yameng Fan; SAIF Zhiying Huang; Wuhan University Qingyuan Li; Wuhan University Yongxiang Wang; Shanghai Advanced Institute of Finance, |
| Presented by: Zhiying Huang, Wuhan University |
| Discussant: Kai Li, Peking University and Tsinghua University |
| Do production frictions affect the impact of sustainable investing? |
| By Cynthia Yin; Cornell University |
| Presented by: Cynthia Yin, Cornell University |
| Discussant: Zhimin Chen, Nanyang Technological University |
| Burnout to Buildout: Coal Exit and the Geography of Transition Costs |
| By Hao Zhao; Durham University |
| Presented by: Hao Zhao, Durham University |
| Discussant: Xingchen Zhu, Vrije Universiteit Amsterdam |
| CLIMATE DISASTERS AND INTERGENERATIONAL EQUITY: A FISCAL RULE FOR SUSTAINABLE DEVELOPMENT |
| By Harrison Hong; Columbia University Heqing Huang; National University of Singapore Neng Wang; Cheung Kong Graduate School of Business |
| Presented by: Heqing Huang, National University of Singapore |
| Discussant: Jincheng Tong, University of Toronto |
| Session 49: Advances in Choice Theory and Asset Pricing June 29, 2026 8:00 to 9:45 Location: S222 |
| Session Chair: Jun Liu, University of California, San Diego |
| Correlation Dispersion, Asset Homogeneity, and Market Returns |
| By Jian Chen; University of Sussex |
| Presented by: Jian Chen, University of Sussex |
| Discussant: Xudong Zeng, Shanghai University of Finance and Economics |
| Optimal Portfolio With Options |
| By Yoontae Jeon; McMaster University Raymond Kan; University of Toronto Gang Li; The Chinese University of Hong Kong |
| Presented by: Raymond Kan, University of Toronto |
| Discussant: Kai Li, Macquarie University |
| An Arrow-Pratt Theory of Preference for Early Resolution of Uncertainty |
| By Hengjie Ai; University of Wisconsin Ravi Bansal; Duke University Hongye Guo; The University of Hong Kong Amir Yaron; University of Pennsylvania |
| Presented by: Hongye Guo, The University of Hong Kong |
| Discussant: Nan Li, Shanghai Jiao Tong University |
| Volatility Ambiguity and Trading Aggressiveness |
| By Haisong Lin; Tsinghua University Lihong Zhang; Tsinghua University Xiaoquan Zhang; The Chinese University of Hong Kong Mingshi Chen; Tsinghua University |
| Presented by: Haisong Lin, Tsinghua University |
| Discussant: Junxiong Gao, Shanghai Advanced Institute of Finance, |
| Session 50: Behavioral Finance with AI Characteristics June 29, 2026 8:00 to 9:45 Location: S227 |
| Session Chair: Tse-Chun Lin, University of Hong Kong |
| How Investors Pick Stocks: Global Evidence from 1,540 AI-Driven Field Interviews |
| By Byoung-Hyoun Hwang; NTU - Singapore Don Noh; Hong Kong University of Science and Tech Sean Seunghun Shin; KAIST College of Business |
| Presented by: Byoung-Hyoun Hwang, NTU - Singapore |
| Discussant: Tim Chih-Ching Hung, National Taiwan University |
| Artificial Intelligence and the Law of One Price: Evidence from the Chinese A-H Premium |
| By Zhi Da; University of Notre Dame Xinyi Peng; Southwestern University of Finance and Economics Yongxin Xu; Monash University Gaoping Zheng; RMIT University |
| Presented by: Yongxin Xu, Monash University |
| Discussant: Chishen Wei, Hong Kong Polytechnic University |
| GIFfluence: A Visual Approach to Investor Sentiment and the Stock Market |
| By Ming Gu; University of California at Irvine David Hirshleifer; University of Southern California Siew Hong Teoh; UCLA Anderson Shijia Wu; The Chinese University of Hong Kong, Shenzhen |
| Presented by: Shijia Wu, The Chinese University of Hong Kong, Shenzhen |
| Discussant: Songrun He, Washington University in St. Louis |
| Managerial Attention to Financial Markets |
| By Zhenkai Ran; University of Cambridge |
| Presented by: Zhenkai Ran, University of Cambridge |
| Discussant: Alan Kwan, The University of Hong Kong |
| Session 51: Beliefs, Information, and Pricing in China June 29, 2026 8:00 to 9:45 Location: S226 |
| Session Chair: Feng Dong, Tsinghua University |
| Subsidiary-Based Industrial Clusters and Cross-Stock Return Predictability in China |
| By Laura Xiaolei Liu; Peking University Rundong Wang; Peking University |
| Presented by: Rundong Wang, Peking University |
| Discussant: Dongliang Lu, Tstinghua |
| The Government-Led Credit Cycle in China’s LGFV Bonds and the Real Effects |
| By Zhe Geng; Fudan University Ziqi Liu; Shanghai Jiao Tong University Jun Pan; Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University |
| Presented by: Zhe Geng, Fudan University |
| Discussant: Haoning Sun, Tsinghua University |
| Earnings Management Capacity in China: A Latent Firm Trait and Its Market Consequences |
| By Yuxiao Jiao; Central University of Finance and Economics, Yuanyu Qu; University of International Business and Economics Tao Shen; Tsinghua University |
| Presented by: Yuanyu Qu, University of International Business and Economics |
| Discussant: Fangyuan Ma, Peking University |
| Sentiment and Consumption in the Digital Age: Theory and Empirical Evidence |
| By Yi Huang; Bank for International Settlements Sichuang Xu; The Chinese University of Hong Kong, Shenzhen Yaya Yu; Ant Financial Jing Zhou; Fudan University Yujun Zhou; Tsinghua University |
| Presented by: Jing Zhou, Fudan University |
| Discussant: Hongjun Yan, DePaul University |
| Session 52: China's Financial System June 29, 2026 8:00 to 9:45 Location: S224 |
| Session Chair: Jeffery (Jinfan) Chang, The Chinese University of Hong Kong, Shenzhen |
| “投贷联动”融资模式的决定因素及其经济效应 |
| By Yao Lu; Tsinghua University Yeqing Zhang; Central University of Finance and Economics Yixin Yang; Tsinghua University |
| Presented by: Yixin Yang, Tsinghua University |
| Discussant: Yu Zhang, Peking University |
| 政府创投基金的投资倾向：产业链上游与本地偏好 |
| By Xueqian Xu; Shanghai University of Finance and Economics Yao Li; Shanghai University of Finance and Economics |
| Presented by: Xueqian Xu, Shanghai University of Finance and Economics |
| Discussant: Xin Liu, University of Macau |
| 债券违约的跨市场风险溢出效应： 基于银行逐笔贷款数据的证据 |
| By Xiaofen Tan; 北京航空航天大学 颖越 程; 中央财经大学 菲菲 朱; 中央财经大学 |
| Presented by: 菲菲 朱, 中央财经大学 |
| Discussant: Wanfa Lin, WU |
| IPO申购资金冻结对固定收益市场冲击研究 |
| By Jeffery (Jinfan) Chang; The Chinese University of Hong Kong, Shenzhen Grace Xing Hu; Tsinghua University kang weilong; Tsinghua University |
| Presented by: kang weilong, Tsinghua University |
| Discussant: Zhuo Chen, Tsinghua University |
| Session 53: Frontier of Information June 29, 2026 8:00 to 9:45 Location: S225 |
| Session Chair: Bing Han, University of Toronto |
| Endogenous misinformation and source authentication |
| By Jaden Chen; University of North Carolina at Chapel H Lin Cong; Nanyang Technological University Siguang Li; Hong Kong University of Science and Technology (Guangzhou) |
| Presented by: Siguang Li, Hong Kong University of Science and Technology (Guangzhou) |
| Discussant: Yizhou Xiao, The Chinese University of Hong Kong |
| Beliefs and Backfire across Social Groups: Differential Effects of Behavioral Interventions on Gig Workers |
| By Qiao Liu; Guanghua School of Management, Peking University Juanjuan Meng; Peking University Tenghui Wang; Lingnan University Zheng Zhang; Peking University |
| Presented by: Tenghui Wang, Lingnan University |
| Discussant: Xingjian Zheng, Shanghai Jiao Tong University |
| Deciphering the Intentional Obfuscation: Machine Learning Decomposition of Financial Reporting Readability |
| By John (Jianqiu) Bai; Northeastern University Yi Cao; George Mason University Feng Li; Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University Uchenna Onuoha; University of Massachusetts Boston Chi Wan; San Diego State University |
| Presented by: John (Jianqiu) Bai, Northeastern University |
| Discussant: Dexin Zhou, Baruch College, City University of New Y |
| Strategic Voting and Informational Rents: Evidence from Mutual Funds' Trades and Votes |
| By Meng Gao; University of Connecticut Jiekun Huang; University of Illinois at Urbana-Champai Shaoting Pi; Iowa State University |
| Presented by: Jiekun Huang, University of Illinois at Urbana-Champai |
| Discussant: Qifei Zhu, National University of Singapore |
| Session 54: Information Frictions, AI, and Price Formation in Financial Markets June 29, 2026 8:00 to 9:45 Location: S223 |
| Session Chair: Kai Li, Peking University |
| Uncertainty After Dark: Evidence from 19 Million Nights of Sleep |
| By Fotis Grigoris; University of Iowa Gill Segal; University of North Carolina-Chapel Hill Chao Ying; The Chinese University of Hong Kong |
| Presented by: Chao Ying, The Chinese University of Hong Kong |
| Discussant: Bing Han, University of Toronto |
| Effects of Information Overload on Financial Markets: How Much Is Too Much? |
| By Alejandro Bernales; Universidad de Chile Marcela Valenzuela; Pontificia Universidad Católica de Chil Ilknur Zer; Federal Reserve Board |
| Presented by: Alejandro Bernales, Universidad de Chile |
| Discussant: Pengfei Sui, The Chinese University of Hong Kong, Shen Zhen |
| AI, Opinion Ecosystems, and Finance |
| By David Hirshleifer; University of Southern California Lin Peng; Baruch College, The City University of N Qiguang Wang; Hong Kong Baptist University Weichen Zhang; Singapore Management University Xiaoyan Zhang; Tsinghua University |
| Presented by: Weichen Zhang, Singapore Management University |
| Discussant: Darwin Choi, The Hong Kong University of Science and Technology |
| Systematic Reversal and the Nature of Industry Momentum |
| By Cheng Gao; Soochow University Sophia Zhengzi Li; Rutgers Business School Peixuan Yuan; Hong Kong Baptist University Guofu Zhou; Washington University in St. Louis |
| Presented by: Peixuan Yuan, Hong Kong Baptist University |
| Discussant: Jian Feng, Peking University |
| Session 55: Learning, Expectations, and Pricing in the age of AI, Big Data and Digital Markets June 29, 2026 8:00 to 9:45 Location: S228 |
| Session Chair: Yingying Li, Hong Kong University of Science and Technology |
| LLM-Based Expectations and Fed Communication |
| By Antonio Gargano; University of Houston, Bauer Business S Yinru Lei; Hunan University Bin Li; Wuhan University Alberto Rossi; Georgetown University |
| Presented by: Bin Li, Wuhan University |
| Discussant: Wu Zhu, Tsinghua University |
| Generative AI for Asset Pricing |
| By Bailin Chai; Central University of Finance and Economics Fuwei Jiang; Xiamen University Lingchao Meng; University of International Business and Economics Tian You; Xiamen University Guofu Zhou; Washington University in St. Louis |
| Presented by: Guofu Zhou, Washington University in St. Louis |
| Discussant: Gavin Feng, City University of Hong Kong |
| Bitcoin Option and Stock Return Predictability |
| By Jie Cao; Hong Kong Polytechnic University Gang Li; The Chinese University of Hong Kong Yajing (Stella) WANG; The Hong Kong Polytechnic University Xintong Zhan; Fudan University |
| Presented by: Yajing (Stella) WANG, The Hong Kong Polytechnic University |
| Discussant: Xinghua Zheng, Hong Kong University of Science and Technology |
| Does Artificial Intelligence Reduce Investor Disagreement? Evidence from AI-Human Interactions Data |
| By Shiyang Huang; The University of Hong Kong Zhenghan Shao; Tsinghua University Yalin Song; Tsinghua University tianyu wang; Tsinghua University Jian Xue; Tsinghua University |
| Presented by: Shiyang Huang, The University of Hong Kong |
| Discussant: Dashan Huang, Singapore Management University |
| Session 56: Advances in Organizational and Financing Design June 29, 2026 10:15 to 12:00 Location: S226 |
| Session Chair: Briana Chang, HKUST |
| Multilateral contracting and stage financing |
| By Paolo Fulghieri; University of North Carolina |
| Presented by: Paolo Fulghieri, University of North Carolina |
| Discussant: Nicolas Inostroza Padilla, University of Toronto |
| Persuasion in Optimal Financing |
| By Shiming Fu; Shanghai University of Finance and Economics Shuguang Zhu; Shanghai University of Finance and Econo |
| Presented by: Shiming Fu, Shanghai University of Finance and Economics |
| Discussant: Keeyoung Rhee, Sungkyunkwan University (SKKU) |
| Financial Constraints Versus Financial Distress |
| By Toni Whited; University of Michigan Jake Zhao; Peking University HSBC Business School |
| Presented by: Jake Zhao, Peking University HSBC Business School |
| Discussant: Wenyu Wang, Indiana University |
| Complementarity in Director Productivity Within Boards: Evidence from Firm-Director Matching and Pay |
| By Zonghe Guo; UNSW Chang-Mo Kang; Hanyang University Breno Schmidt; University of New South Wales Rik Sen; University of Georgia |
| Presented by: Chang-Mo Kang, Hanyang University |
| Discussant: Dunhong Jin, University of Hong Kong |
| Session 57: AI and the Economics of Financial Information June 29, 2026 10:15 to 12:00 Location: S228 |
| Session Chair: Winston Dou, University of Pennsylvania |
| Will Human Creatives Survive Generative AI Shocks? |
| By Bo Hu; George Mason University Jiasun Li; George Mason University |
| Presented by: Bo Hu, George Mason University |
| Discussant: Liyan Yang, University of Toronto |
| Anonymization and Information Loss |
| By Ke Wu; Renmin University of China Baozhong Yang; Georgia State University Zhenkun Ying; School of Finance, Renmin University of China Dexin Zhou; Baruch College, City University of New Y |
| Presented by: Dexin Zhou, Baruch College, City University of New Y |
| Discussant: Wenxi Jiang, Chinese University of Hong Kong |
| When AI-Washing Meets Initial Public Offerings |
| By Rui Dai; University of Pennsylvania/CUHK.SZ Gangxing Guo; The Chinese University of Hong Kong, Shenzhen, China Bohui Zhang; The Chinese University of Hong Kong, Shenzhen |
| Presented by: Gangxing Guo, The Chinese University of Hong Kong, Shenzhen, China |
| Discussant: Emilio Bisetti, Hong Kong University of Science and Tech |
| AI as Decision-Maker: Ethics and Risk Preferences of LLMs |
| By Shumiao Ouyang; University of Oxford Hayong Yun; Michigan State University Xingjian Zheng; Shanghai Jiao Tong University |
| Presented by: Xingjian Zheng, Shanghai Jiao Tong University |
| Discussant: Yan Ji, Hong Kong University of Science and Tech |
| Session 58: Chinese financial market and regulations June 29, 2026 10:15 to 12:00 Location: S225 |
| Session Chair: Ning Zhu, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University and U |
| Escaping from the Shadow of Government Debt: Evidence from M&A in China |
| By Micah Officer; Loyola Marymount University Xinyan Yan; University of South Florida Hao Yang; Beijing Jiaotong University Xiaofang Zhao; China Chengtong Holdings Group Ltd |
| Presented by: Xinyan Yan, University of South Florida |
| Discussant: Ning Zhu, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University and U |
| Value, Values, and Opportunities in Corporate Environmental Practices |
| By Deqiu Chen; University of International Business and Economics Haoyuan Li; Singapore Management University Yujing Ma; The Hong Kong Polytechnic University Roni Michaely; University of Hong Kong |
| Presented by: Yujing Ma, The Hong Kong Polytechnic University |
| Discussant: Yu Zhang, Peking University |
| Beyond the Spotlight: How Managers Exploit Regulation-Induced Misperceptions and Investor Inattention |
| By Changjiang Lyu; Fudan University Huajie Wang; Shanghai Lixin University of Accounting and Finance Kemin Wang; Fudan University Frank Zhang; Yale University |
| Presented by: Huajie Wang, Shanghai Lixin University of Accounting and Finance |
| Discussant: Fangjian Fu, Singapore Management University |
| Randomized On-Site Inspections and Shareholder Value |
| By Fangjian Fu; Singapore Management University Pingui Rao; Jinan University Cen Wu; Jinan University Heng Yue; Singapore Management University |
| Presented by: Fangjian Fu, Singapore Management University |
| Discussant: Xiaoquan Zhu, University of International Business and Economics |
| Session 59: Macro Finance and Aggregate Dynamics June 29, 2026 10:15 to 12:00 Location: S224 |
| Session Chair: Xiaoji Lin, University of Minnesota |
| Inventory Management and the Cross-section of Stock Returns |
| By Alexandre Corhay; University of Toronto |
| Presented by: Alexandre Corhay, University of Toronto |
| Discussant: Jing Gao, University of Minnesota |
| Efficient Concentration |
| By Erica Li; Cheung Kong Graduate School of Business Guoliang Ma; Xiamen University Dan Su; Cheung Kong Graduate School of Business |
| Presented by: Dan Su, Cheung Kong Graduate School of Business |
| Discussant: Chao Ying, The Chinese University of Hong Kong |
| Leasing, Pecuniary Externality, and Aggregate Efficiency |
| By Kai Li; Peking University and Tsinghua University Yicheng Wang; Peking University Yiming Xu; Peking University |
| Presented by: Yiming Xu, Peking University |
| Discussant: Yi Zhang, Hong Kong University of Science and Technology (Guangzhou) |
| A Reference-Dependent Fiscal Theory of Self-Fulfilling Price Levels |
| By Zhaorui Li; HKUST Xuewen Liu; The University of Hong Kong Thomas Sargent; New York University and Peking University HSBC Business School Pengfei Wang; Peking University |
| Presented by: Zhaorui Li, HKUST |
| Discussant: Yuchen Chen, University of Illinois at Urbana Champaign |
| Session 60: Real Estate and the Real Economy June 29, 2026 10:15 to 12:00 Location: S223 |
| Session Chair: Rossen Valkanov, University of California, San Diego |
| Interest Rate Pass-Through With Adjustable Rate Mortgages |
| By Manuel Adelino; Duke University Miguel Ferreira; Nova School of Business and Economics Sujiao Zhao; University of Hong Kong |
| Presented by: Sujiao Zhao, University of Hong Kong |
| Discussant: Junxiong Gao, Shanghai Advanced Institute of Finance, |
| The Welfare Effects of Expanding Housing Supply Through Subdivision |
| By Jiayin Hu; Peking University Shangchen Li; The University of Hong Kong Wen Wang; Hong Kong University of Science and Technology Yue Yu; University of Toronto |
| Presented by: Shangchen Li, The University of Hong Kong |
| Discussant: HyunSoo Choi, KAIST |
| House Prices, Quantities, and the Propagation of Shocks when Developers Are Imperfectly Competitive |
| By Jack Favilukis; University of British Columbia Elena Pikulina; The University of British Columbia Tianping Wu; University of British Columbia |
| Presented by: Tianping Wu, University of British Columbia |
| Discussant: Yan Xu, The University of Hong Kong |
| Employee Forgivable Loans |
| By Alexandru Barbu; INSEAD Yiran Wang; INSEAD |
| Presented by: Yiran Wang, INSEAD |
| Discussant: Jun Chen, The Chinese University of Hong Kong |
| Session 61: Topics in Empirical Asset Pricing June 29, 2026 10:15 to 12:00 Location: S227 |
| Session Chair: Xiaoyan Zhang, Tsinghua University |
| Intention in Attention:Nowcasting Returns Using Watchlists |
| By Lin Cong; Cornell University Qingfu Liu; Fudan University Deyu Miao; Fudan University Chuanjie Wang |
| Presented by: Deyu Miao, Fudan University |
| Discussant: Siyang Li, Tsinghua University |
| The POP Premium: Populism and the Cross-Section of Stock Returns |
| By Riccardo Colacito; The University of North Carolina at Chapel Hill and NBER Hui Ding; Beijing Jiaotong University Fuwei Jiang; Xiamen University Yan Qian; Central University of Finance and Econom |
| Presented by: Yan Qian, Central University of Finance and Econom |
| Discussant: Lin Tan, Dishui Lake Advanced Finance Institute |
| Anatomy of the Treasury Market: Who Moves Yields? |
| By Manav Chaudhary; LSE Julie Fu; Washington University in St Louis Haonan Zhou; The University of Hong Kong |
| Presented by: Haonan Zhou, The University of Hong Kong |
| Discussant: Zhe Geng, Fudan University |
| What Threshold Should be Applied to Tests of Factor Models? |
| By Campbell Harvey; Duke University Alessio Sancetta; Royal Holloway University of London Yuqian Zhao; University of Sussex |
| Presented by: Yuqian Zhao, University of Sussex |
| Discussant: Wu Zhu, Tsinghua University |
| Session 62: Asset Management June 29, 2026 14:00 to 15:45 Location: S228 |
| Session Chair: Stephen Dimmock, Nanyang Technological University |
| Betting on the CEO |
| By Utpal Bhattacharya; Hong Kong University of Science and Technology Yuet Ning Chau; Hong Kong University of Science and Technology Kasper Nielsen; Copenhagen Business School |
| Presented by: Yuet Ning Chau, Hong Kong University of Science and Technology |
| Discussant: Jiekun Huang, University of Illinois at Urbana-Champai |
| Will AI Replace or Enhance Human Intelligence in Asset Management? |
| By George Aragon; Arizona State University Hugh Kim; Wilfrid Laurier University vikram nanda; UT Dallas |
| Presented by: Hugh Kim, Wilfrid Laurier University |
| Discussant: Qifei Zhu, National University of Singapore |
| Retail Capital as a Stepping Stone in Venture Capital: Theory and Empirics |
| By Ran Xing; Stockholm University Emmanuel Yimfor; Columbia University |
| Presented by: Ran Xing, Stockholm University |
| Discussant: Tiange Ye, University of Southern California |
| Active ETFs from Mutual Funds: Competing for Investor Flows |
| By Linda Du; Carnegie Mellon University Laura Starks; University of Texas at Austin Mindy Xiaolan; University of Texas at Austin |
| Presented by: Linda Du, Carnegie Mellon University |
| Discussant: Yuehua Tang, University of Florida |
| Session 63: Empirical Corporate Finance: Corporate Structure and Emerging Risks June 29, 2026 14:00 to 15:45 Location: S225 |
| Session Chair: Xin Chang, Nanyang Technological University |
| Money Talks: Lending Relationships and Firm Political Contribution |
| By sumit agarwal; NUS Sibo Liu; Hong Kong Polytechnic University Liyao Wang; Hong Kong Baptist University Mark Yuzhi Yan; Hong Kong Baptist University |
| Presented by: Mark Yuzhi Yan, Hong Kong Baptist University |
| Discussant: Shantanu Banerjee, University of Liverpool |
| Private Debt Financing and Product Market Expansion |
| By Sergio Rocha; Monash University Davide Sinno; Monash Business School |
| Presented by: Davide Sinno, Monash Business School |
| Discussant: Jian HUANG, Southwestern University of Finance and Economics |
| Who Bears the Cost of Natural Disasters? |
| By Mariassunta Giannetti; Finance Yingjie Qi; Copenhagen Business School Su Wang; ShanghaiTech University |
| Presented by: Yingjie Qi, Copenhagen Business School |
| Discussant: LEI ZHOU, Nanyang Technological University |
| Public Sentiment Decomposition and Shareholder Actions |
| By Reena Aggarwal; Georgetown University Hoa Briscoe-Tran; Monash University Isil Erel; Ohio State University Laura T Starks; McCombs School of Business, University of Texas at Austin |
| Presented by: Hoa Briscoe-Tran, Monash University |
| Discussant: Shuoge Qian, Nanyang Technological University |
| Session 64: Intermediation, Market Design, and Household Finance in Asia June 29, 2026 14:00 to 15:45 Location: S224 |
| Session Chair: Wenlan Qian, National University of Singapore |
| How Human–Machine Collaboration Reshapes Gender Disparities in Credit Decisions — Evidence From Auto Finance Leasing Transactions |
| By Yao Lu; Tsinghua University hanqing shi; tsinghua university Xinzheng Shi; Peking University Jian Sun; Singapore Management University Yanling SUN; Politecnico di Milano |
| Presented by: hanqing shi, tsinghua university |
| Discussant: Arkodipta Sarkar, National University of Singapore |
| Nominal Prices and Retail Trading Preferences |
| By Allaudeen Hameed; National University of Singapore Zhenghui Ni; Renmin University of China Yuanyuan Pan; National University of Singapore |
| Presented by: Yuanyuan Pan, National University of Singapore |
| Discussant: Pengfei Sui, The Chinese University of Hong Kong, Shen Zhen |
| AI Copilots in Real Estate: Evidence from China |
| By Yushan Zhou; Chinese University of Hongkong |
| Presented by: Yushan Zhou, Chinese University of Hongkong |
| Discussant: Jia He, Nankai University |
| Banking Socially |
| By Agustin Hurtado; University of Maryland |
| Presented by: Agustin Hurtado, University of Maryland |
| Discussant: Yu Zhang, Peking University |
| Session 65: Local Government, Labor and Financing in China June 29, 2026 14:00 to 15:45 Location: S226 |
| Session Chair: Yongxiang Wang, Shanghai Advanced Institute of Finance, |
| Local Government Influence on IPO Approvals: The Role of Inter-Governmental Ties in China |
| By Jeffery (Jinfan) Chang; The Chinese University of Hong Kong, Shenzhen Yuheng Wang; Central University of Finance and Economics, China Yabo Zhao; Chinese University of Hong Kong, Shenzhe |
| Presented by: Yabo Zhao, Chinese University of Hong Kong, Shenzhe |
| Discussant: Meng Miao, Renmin University of China |
| Labor Reallocation within Business Groups: An Internal Market Perspective |
| By Bo Jing; Tsinghua University Yifan Li; Shanghai Jiao Tong University SAIF Weizeng Sun; Nanjing Audit University |
| Presented by: Yifan Li, Shanghai Jiao Tong University SAIF |
| Discussant: Jin Xie, Peking University |
| After the Fall: Corporate Bankruptcy and the Protection of Workers' Rights |
| By Bo Li; Peking University Yuan Wang; Tsinghua University Ziqing Zhao; Peking University |
| Presented by: Yuan Wang, Tsinghua University |
| Discussant: Yi Huang, Bank for International Settlements |
| Funding Venture Capital through Shadow Banking |
| By Jiayin Hu; Peking University Yuan Liu; Peking University Yang Yao; Peking University |
| Presented by: Jiayin Hu, Peking University |
| Discussant: Jeffery (Jinfan) Chang, The Chinese University of Hong Kong, Shenzhen |
| Session 66: Market Frictions: From Trading Execution to Asset Pricing June 29, 2026 14:00 to 15:45 Location: S223 |
| Session Chair: Yan Ji, Hong Kong University of Science and Tech |
| Does 0DTE Options Trading Increase Volatility? |
| By Jonathan Brogaard; University of Utah Jaehee Han; University of Utah Peter Won; University of Utah |
| Presented by: Jaehee Han, University of Utah |
| Discussant: George Panayotov, Hong Kong University of Science and Technology |
| Best Execution Puzzles |
| By Indira Puri; Stern School of Business, New York Unive Mohan Sun; Cornell University Mao Ye; Cornell University |
| Presented by: Mohan Sun, Cornell University |
| Discussant: Jian Sun, Singapore Management University |
| A Four-Trillion-Dollar Question: Why Trade ETFs Instead of Their Underlying Stocks? |
| By Wenxi Jiang; The Chinese University of Hong Kong Ruikun Wang; The Chinese University of Hong Kong Hongjun Yan; DePaul University |
| Presented by: Ruikun Wang, The Chinese University of Hong Kong |
| Discussant: Hongxun Ruan, Peking University |
| Link Complexity and Cross Predictability |
| By Yuxiao Jiao; Central University of Finance and Economics, Guofu Zhou; Washington University in St. Louis Wu Zhu; Tsinghua University |
| Presented by: Yuxiao Jiao, Central University of Finance and Economics, |
| Discussant: Belinda Chen, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University |
| Session 67: Policies and Corporate Activities June 29, 2026 14:00 to 15:45 Location: S227 |
| Session Chair: Xiaoyun Yu, Shanghai Advanced Institute of Finance |
| Burdening the Young: Life Cycle Effects of Mandatory Disclosure on Investment |
| By Matthew Gustafson; Pennsylvania State University Jewon Shin; Pennsylvania State University |
| Presented by: Jewon Shin, Pennsylvania State University |
| Discussant: John (Jianqiu) Bai, Northeastern University |
| Evading the Torpedo: Why Managers Avoid Stock Splits |
| By John Heater; University of Minnesota Ye Liu; Fudan University Qin Tan; City University of Hong Kong Frank Zhang; Yale University |
| Presented by: Frank Zhang, Yale University |
| Discussant: Xinyan Yan, University of South Florida |
| The Geoeconomics of Imports: Evidence from UN Security Council Elections |
| By Yanduo Chen; Singapore Management University Jing Wu; The Chinese University of Hong Kong |
| Presented by: Yanduo Chen, Singapore Management University |
| Discussant: Eyub Yegen, Hong Kong University of Science and Technology |
This program was last updated on 2026-05-13 06:18:39 EDT