CONFERENCE PROGRAM

NOTE: 2012 PROGRAM

Sunday August 12, 2012

6 pm onwards WELCOME RECEPTION
Opening words by Aalto University School of Economics Department of Finance Chair Vesa Puttonen. Food and drink will be served.

Please, take the elevator from the ground floor lobby to foyer at the 1st floor.

Monday August 13, 2012

08:30 - 09:00 COFFEE
09:00 - 10:30 SESSION 1: BEHAVIOR DURING CRISES
Chair: Harrison Hong, Princeton University

The role of equity funds in the financial crisis propagation
Harald Hau, University of Geneva and Swiss Finance Institute
Discussant: Matti Suominen, Aalto University

Local bias and stock market conditions
Mariassunta Giannetti, Stockholm School of Economics and CEPR
Discussant: Petri Jylhä, Aalto University / Imperial College London

10:30 - 11:00 BREAK
11:00 - 12:30 SESSION 2: INVESTOR–FIRM INTERACTIONS
Chair: Matti Keloharju, Aalto University

What are we meeting for? The consequences of private meetings with investors
David Solomon, University of Southern California
Discussant: Samuli Knüpfer, London Business School

Corporate social responsibility and asset pricing in industry equilibrium
Yrjö Koskinen, Boston University School of Management and CEPR
Discussant: Anders Löflund, Hanken School of Economics

12:30 - 14:00 LUNCH
14:00 - 15:30 SESSION 3: INDUSTRY EFFECTS
Chair: Matti Suominen, Aalto University

Categorization bias in the stock market
Augustin Landier, Toulouse School of Economics
Discussant: Heiko Jacobs, University of Mannheim

Social norms and corporate peer effects
Markku Kaustia, Aalto University
Discussant: Mariassunta Giannetti, Stockholm School of Economics

15:30 - 16:00 BREAK
16:00 - 17:00 KEYNOTE SPEECH
Harrison Hong, Princeton University
18:30 - DINNER
Restaurant Särkänlinna located on the Särkkä island.

We'll take the 18:40 ferry to the Särkkä island from the Ullanlinna pier. The long white pier is located next to Cafe Ursula (the location on Google maps). The ferry leaves from the end of the pier and the trip to Särkkä takes approx. 5-7 minutes.

Tuesday August 14, 2012

08:30 - 09:30 COFFEE
09:30 - 11:00 SESSION 4: INDIVIDUAL INVESTORS
Chair: Terrance Odean, UC Berkeley

Running for the exit or rushing for the stage? Individual investors during the financial crisis
Jean-Noël Barrot, HEC Paris
Discussant: Elias Rantapuska, Aalto University

IQ and mutual fund choice
Matti Keloharju, Aalto University and CEPR
Discussant: David Solomon, USC

11:00 - 11:15 BREAK
11:15 - 12:45 SESSION 5: SENTIMENT
Chair: Sami Torstila, Aalto University

Bubbling with excitement: An experiment
Terrance Odean, Haas School of Business, UC Berkeley
Discussant: Markku Kaustia, Aalto University

Media makes momentum
Heiko Jacobs, University of Mannheim
Peter Nyberg, Aalto University

12:45 - 13:30 LUNCH
13:30 - 13:35 CLOSING WORDS

Program for HFS 2011