CONFERENCE PROGRAM
Program for the 7th Helsinki Finance Summit
Sunday August 20, 2017
| 18:00 - 20:00 | WELCOME RECEPTION GLO HOTEL KLUUVI |
|
Opening words by the Head of the Department of Finance and Chairman of the Organizing Committee, Professor Markku Kaustia, Aalto University School of Business. Food and drink will be served. The conference room is located on the 2nd floor |
Monday August 21, 2017
Venue: Hotel Kämp, Meeting room Peilisali
| 09:00 - 09:20 | COFFEE |
| 09:20 - 10:40 | Session 1: The Art and Science of Bubbles |
| Chair: Matti Suominen (Aalto) | |
| Evidence about Bubble Mechanisms: Precipitating Event, Feedback Trading, and Social Contagion | |
| Neil Pearson (University of Illinois at Urbana-Champaign), Zhishu Yang (Tsinghua University) and Qi Zhang (Durham University) | |
| Discussant: Harrison Hong (Columbia University) | |
| Speculative Trading and Bubbles: Evidence from the Art Market | |
| Julien Penasse (University of Luxembourg) and Luc Renneboog (Tilburg University) | |
| Discussant: Alex Chinco (University of Illinois at Urbana-Champaign) | |
| 10:40 - 11:00 | BREAK |
| 11:00 - 12:20 | Session 2: Quasi-natural X |
| Chair: Harrison Hong (Columbia University) | |
| Information Environment, Sophisticated Investors, and Market Efficiency: Evidence from a Natural Experiment | |
| Wei Wu (Texas A&M University), Yong Chen (Texas A&M University) and Bryan Kelly (University of Chicago) | |
| Discussant: Frank Zhou (University of Pennsylvania, Wharton School) | |
| Stock Market Returns and Consumption | |
| Kaveh Majlesi (Lund University), Marco Di Maggio (Harvard Business School) and Amir Kermani (University of California, Berkeley) | |
| Discussant: Elias Rantapuska (Aalto) | |
| 12:20 - 13:40 | LUNCH Foyer lobby on the 2nd floor |
| 13:40 - 15:40 | Session 3: Household Borrowing, Investment, and Consumption |
| Chair: Markku Kaustia (Aalto) | |
| Borrowers in Search of Feedback: Evidence from Consumer Credit Markets | |
| Inessa Liskovich (University of Texas, Austin McCombs) and Maya Shaton (Federal Reserve Board of Governors) | |
| Discussant: Kaveh Majlesi (Lund University) | |
| Location Choice, Portfolio Choice | |
| Ioannis Branikas (Princeton University), Harrison Hong (Columbia University) and Jiangmin Xu (Peking University) | |
| Discussant: Matti Keloharju (Aalto) | |
| Who Drives and Bursts Asset Bubbles? Evidence from Bitcoin Exchange Transactions | |
| Jiasun Li (George Mason University), Mark Grinblatt (UCLA Anderson School of Management) and Vitalie Spinu (Erasmus University Rotterdam) | |
| 15:40 - 16:00 | BREAK |
| 16:00 - 17:00 | KEYNOTE SPEECH |
| Present Bias, Behavior Change, and Public Policy | |
| David Laibson (Harvard University) | |
| 19:00 onwards |
DINNER Restaurant Roster, Pohjoisesplanadi 18, Helsinki |
Tuesday August 22, 2017
Venue: Hotel Kämp, Meeting room Peilisali
| 09:00 - 09:20 | COFFEE |
| 09:20 - 10:40 | Session 4: Sound of Silence |
| Chair: Mitch Warachka (University of San Diego) | |
| The Tale of Silent Dogs: Do Stock Prices Fully Reflect the Implication of News Withholding? | |
|
Frank Zhou (University of Pennsylvania,
Wharton School), Yuqing Zhou (UCLA) |
|
| Discussant: Peter Nyberg
(Aalto) |
|
| The Sound of Many Funds Rebalancing | |
| Alex Chinco (University of Illinois at Urbana-Champaign) and Vyacheslav Fos (Boston College) | |
| Discussant: Matthijs Lof (Aalto) | |
| 10:40 - 11:00 | BREAK |
| 11:00 - 13:00 | Session 5: Asset Ownership and Rents |
| Chair: Neil Pearson (University of Illinois at Urbana-Champaign) | |
| M&A(dvertising) | |
| Alexander Hillert (Goethe University of Frankfurt), Stefan Ruenzi (University of Mannheim) and Anja Kunzmann (University of Mannheim) | |
| Discussant: Sami Torstila (Aalto) | |
| Market Power and Price Informativeness | |
| Savitar Sundaresan (Imperial College London), Marcin Kacperczyk (Imperial College London) and Jaromir Nosal (Boston College) | |
| Discussant: Wei Wu (University of Texas A&M) | |
| How Do Households Set Prices? Evidence from Airbnb | |
| Mitch Warachka (University of San Diego), Barbara Bliss (University of San Diego) and Joseph Engelberg (University of California, San Diego) | |
| Discussant: Mikael Paaso (Aalto) | |
| 13:00 - 13:05 | CLOSING WORDS |
| 13:05 - | LUNCH Foyer lobby on the 2nd floor |
POSTER SESSION
| “It’s Always Sunny in Finland: Investment and Extrapolation from Cash Flow Growth" | |
| Mikael Paaso (Aalto University) | |
| “Daily Winners and Losers” | |
| Michael Ungeheuer (Aalto University), Alok Kumar (University of Miami) and Stefan Ruenzi (University of Mannheim) | |
| “First-Round Knockout: Complexity, Disclosed Margins, and Ex-Post Returns of Structured Products” | |
| Petra Vokatá (Aalto University) |
See also the programs for previous Summits:
Program for HFS 2015
Program for HFS 2014