15th National PhD Workshop in Finance
The Swedish House of Finance (SHoF) will organize the 15th National Workshop for PhD students in Finance on November 19. With a welcome dinner on the evening of the 18th. The workshop offers students from Swedish academic institutions the possibility to present their research and get feedback from faculty and fellow students. The workshop is meant to bring together PhD students and faculty in Finance from all over Sweden to share and discuss their work. Travel expences and hotel will be covered by the Swedish House of Finance.
Theoretical and empirical papers in all areas of Finance are welcome. Completed as well as preliminary drafts will be considered, and submissions of papers written solely by PhD students are particularly encouraged.
We will hold the conference in person at the Swedish House of Finance. The sessions will consist of PhD student presentations, each followed by a discussion from a faculty member of a Swedish or Nordic institution.
Papers will be selected by the Program Committee. Authors will be notified of the Committee's decision by November 1st, 2026. There is no workshop or submission fee.
We are glad to announce that the Program Committee will give The Ola Bengtsson Award for the best Finance PhD paper, as well as an award for the best discussion during the workshop.
There will be a keynote by Professor Björn Hagströmer from Stockholm Business School, Stockholm University, doing research on financial market microstructure, with applications to asset pricing, financial econometrics, and liquidity measurement.
Preliminary Programme
Wednesday, November 18, 2026
| 18:00–21:00 | Drinks and Dinner |
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The conference drinks and dinner is exclusively for PhD students interested in finance (independent if they are on the program), discussants, SHoF faculty and PhD students, and researchers from our academic partners. Don’t forget to register before hand, so that we have enough food and can take your allergies into account. |
Thursday, November 19, 2026
| 10:00–10:05 | Welcome and opening remarks |
| Session A: | Asset Pricing and Investment Management |
| Chair: Riccardo Sabbatucci, Stockholm School of Economics / Swedish House of Finance | |
| 10:05–10:40 | Random Seeds and Out-of-Sample Performance in Empirical Asset Pricing via Machine Learning |
| Arien Haghshenas, Stockholm Business School, Stockholm University | |
| Discussant: Stefan Voigt, University of Copenhagen | |
| 10:40–11:15 | From Words to Portfolios: Disentangling Narrative and Reality in Mutual Fund Differentiation |
| Ge Yu, Stockholm School of Economics / Swedish House of Finance | |
| Discussant: Felix Wilke, Nova School of Business and Economics | |
| 11:15–11:30 | Coffee break |
| Session B: | Corporate Finance and Financial Markets |
| Chair: TBA | |
| 11:30–12:05 | Environmental Externalities of Short-Term Incentives |
| Marcus Hober, Stockholm School of Economics / Swedish House of Finance | |
| Discussant: Valentin, Schubert, Swedish Central Bank | |
| 12:05–13:05 | Lunch |
| 13:05–13:40 | The Expected Future Cash Flow Channel in Debt Financing |
| Hongyi Xu, Stockholm School of Economics / Swedish House of Finance | |
| Discussant: Jiaying Li, NHH Norwegian School of Economics | |
| Session C: | Monetary Policy and Labor Markets |
| Chair: TBA | |
| 13:40–14:15 | Quantitative Easing: Domestic Rebalancing and Foreign Deleveraging |
| Hedda Thorell, Stockholm University | |
| Discussant: Adrien d’Avernas, Stockholm School of Economics / Swedish House of Finance | |
| 14:15–14:50 | Labor Market Power and Asset Pricing |
| Suna Akis Gülümser, Uppsala University | |
| Discussant: TBD | |
| 14:50–15:05 | Coffee break |
| Session D: | Household Finance and Financial Inclusion |
| Chair: TBA | |
| 15:05–15:40 | Faith and Financial Inclusion |
| Madeleine Lindblad, Lund University | |
| Discussant: Paula Roth, Swedish Central Bank | |
| 15:40–16:15 | Mind the Gap: Cognitive Awareness and Financial Wealth Across Pension Systems |
| Oytun Tükenmez, Stockholm University | |
| Discussant: Claudio Daminato, Lund University | |
| 16:15–17:00 | Keynote Lecture |
| Professor Björn Hagströmer, Stockholm Business School, Stockholm University | |
| 17:00–17:10 | Award Ceremony |
| Ola Bengtsson Award for Best PhD Paper and Best Discussant | |
| 17:10–17:12 | Closing remarks and adjournment |
Paper presentation format: 20 minutes presentation, 10 minutes discussant comments, and 5 minutes audience questions.
Programme subject to minor adjustments.