ABFER 12th ANNUAL CONFERENCE
The conference was held on 19-22 May 2025 in Singapore
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12th ASIAN MONETARY POLICY FORUM
The 12th AMPF commenced on 22 May 2025 with a joint dinner with ABFER, followed by the forum on 23 May 2025 at Conrad Singapore Orchard
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CALL FOR POSTERS 2025
The Call for Posters is now closed. Selected papers will be informed by end of February. The poster sessions will be held on 20 and 21 May 2025 at the ABFER 12th Annual Conference.
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CAPITAL MARKET DEVELOPMENT: CHINA AND ASIA
Webinar series on every third Thursday of the month
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INDUSTRY OUTREACH PANEL
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  •  
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  •  
  •  
  •  
  • ABFER 12th ANNUAL CONFERENCE
  • 12th ASIAN MONETARY POLICY FORUM
  • CALL FOR POSTERS 2025
  • CAPITAL MARKET DEVELOPMENT: CHINA AND ASIA
  • INDUSTRY OUTREACH PANEL

RESEARCH DIGEST

 

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SOME IMPORTANT FACTS ABOUT US

4265 SUBMITTED Papers submitted to
Annual Conference
11415 AUTHORS Representing number
of authors
684 PRESENTED Papers presented at
Annual Conferences
218 JOURNALS Papers published in
significant journals
5200 PARTICIPANTS Participants at
Annual Conferences

Academic Keynote by Professor Steven J. Davis

 

Stock Market Reactions to the COVID-19 Pandemic

Firm-level stock returns differ enormously in reaction to COVID-19 news. In this keynote, Professor Steve Davis will discuss on how he characterizes these reactions using pre-pandemic 10-K filings and two text-analytic approaches: expert-curated dictionaries and supervised machine learning (ML). By integrating elements of both approaches, Steve uncovers new shock exposures and sharpen our explanations for firm-level returns. Bad COVID-19 news lowers returns for firms with high exposures to travel, traditional retail, aircraft production and energy supply – directly and via downstream demand linkages – and raises them for firms with high exposures to healthcare policy, e-commerce, web services, drug trials and materials that feed into supply chains for semiconductors, cloud computing and telecommunications. Monetary and fiscal policy responses to the pandemic strongly impact firm-level returns as well, but differently than pandemic news. His text-based models of firm-level returns also predict future corporate earnings surprises.

25
MAY 
2021
Tuesday
 

Program is subjected to change. Updated on 22 Jun 2021.

Speakers

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