Save the Date! Financial Markets and Corporate Decisions, August 19-20

Please save the date August 19 – 20 for our annual conference, this year on Financial Markets and Corporate Decisions.

You can find the preliminary program, keynote speakers and discussants in the sections above. More information will follow.

 

The Swedish House of Finance (SHoF) is pleased to invite interested academics and practitioners to a conference on “Financial Markets and Corporate Decisions” on August 19-20, 2019, in Stockholm.

 

Conference theme

The aim of this conference is to examine the flow of information between firms and financial markets.  The flow of information happens in both directions, as managers respond to asset prices and changes in valuations while investors adapt their investment decisions in response to information about corporate actions and strategies.  The conference will bring together leading academics and practitioners to discuss recent research in this area.

The first conference day will feature keynote presentations and panels with leading scholars and practitioners. The program includes keynote addresses by Itay Goldstein (University of Pennsylvania), Jules van Binsbergen (University of Pennsylvania), Lu Zhang (University of Michigan), and Lukas Schmidt (Duke University).

 

Call for papers

For the second day of the conference, which has a standard academic format, we invite authors to submit high-quality research at the intersection of financial markets/asset pricing and corporate finance, including (but not limited to) such topics as:

  • How do/should corporate managers learn from market prices?
  • Has the information content of market prices changed over time due to trends in asset management such as passive investing or automated trading?
  • Do patterns in market prices such as return anomalies have real consequences for firms’ strategies and actions?
  • How important are corporate characteristics and strategies – at either the aggregate or the individual firm level – as inputs in investment decisions, for example by pension funds, mutual funds, or hedge funds?
  • Do value, size, profitability, and investment comprehensively describe asset pricing factors related to corporate strategy? What are redundant, potentially misleading, or missing, potentially important, corporate factors?

Both empirical and theoretical papers are welcome. SHoF will provide accommodation as well as reimbursement for reasonable travel expenses for presenters and discussants.

 

Paper submission

Interested authors should e-mail their paper in Acrobat PDF format to Elisabeth Kempe elisabeth.kempe@hhs.se no later than March 1, 2019.

 

This two–day conference bring together leading academics with participants from industry and government. The first day of the conference feature keynote presentations and panel discussions, primarily targeted at a non–academic audience.

The second conference day consist of presentations of current research.

Funded by Torsten Söderberg Foundation.

Save the Date! Financial Markets and Corporate Decisions, August 19-20 - Program

Monday 19

08:30 – 09:00   Coffee and Registration


09:00 – 09:15   Opening Remarks and NASDAQ Master Thesis Award Ceremony


Session 1:   TBA

09:15 – 10:00   Keynote Itay Goldstein, Wharton, University of Pennsylvania. “TBA”

10:00 – 10:45   Keynote Jules van Binsbergen, Wharton, University of Pennsylvania, “TBA”


10:45 – 11:15   Coffee break


11:15 – 12:30   Panel Discussion. TBA


12:30 – 13:30   Lunch


Session 2: TBA.

13:30 – 14:15    Keynote Lu Zhang, The Ohio State University, “TBA”

14:15 – 15:00   Keynote Lukas Schmid Duke University, “TBA”


15:00 – 15:15   Coffee break


15:15 – 16:45   Panel Discussion. TBA


 

Save the Date! Financial Markets and Corporate Decisions, August 19-20 - Conference venue

Day 1: IVA Konferenscenter, Grev Turegatan, Stockholm, Sweden

Save the Date! Financial Markets and Corporate Decisions, August 19-20 - Discussants and Presenters

Keynotes:

Itay Goldstein, Professor at Wharton, University of Pennsylvania.

Itay Goldstein is the Joel S. Ehrenkranz Family Professor in the Finance Department at the Wharton School of the University of Pennsylvania. He is an expert in the areas of corporate finance, financial institutions, and financial markets, focusing on financial fragility and crises and on the feedback effects between firms and financial markets. His research has been published in top academic journals, including the American Economic Review, the Journal of Finance, the Journal of Financial Economics, the Review of Economic Studies, and the Review of Financial Studies. Read more!


Lukas Schmid, Associate Professor at Duke University.

Lukas Schmid is Associate Professor of Finance at the Fuqua School of Business, Duke University. He conducts quantitative research at the intersection of macroeconomics and financial economics. Lukas’ research has been published in outlets such as the American Economic Review, the Journal of Finance, the Review of Financial Studies and the Journal of Monetary Economics. He is a recipient of the Smith-Breeden Award (First Prize) for the best paper in the Journal of Finance, 2010. Read more!


Jules van Binsbergen, Professor at Wharton, University of Pennsylvania.

Jules van Binsbergen conducts theoretical and empirical research in finance. His current work focuses on asset pricing, in particular the relationship between financial markets and the macro economy, and the organization, skill and performance of financial intermediaries. Some of his recent research focuses on the influence of financial market anomalies on real economic activity, measuring the skill of mutual fund managers and the term structure of cash flow growth and stock return predictability. Professor van Binsbergen’s research has appeared in leading academic journals, such as the American Economic Review, the Journal of Finance, the Journal of Financial Economics and the Journal of Monetary Economics. Read more!


Lu Zhang, Professor at The Ohio State University

Dr. Lu Zhang is The John W. Galbreath Chair, Professor of Finance, at Fisher College of Business, The Ohio State University, as well as Research Associate at National Bureau of Economic Research (Asset Pricing program) and Associate Editor for Journal of Financial Economics and Journal of Financial and Quantitative Analysis. He is Founding President of Macro Finance Society, which is an international academic society devoted to advancing and disseminating high-quality research at the intersection of financial economics and macroeconomics. Read more!