10th Annual Conference: Investment Finance

10TH ANNUAL CONFERENCE
investment FINANCE

May
2023

Monday

Fintech & ESG
Chair: Hong ZHANG (Singapore Management University & ABFER)

Location: Azalea 3

2:00 pm – 2:45 pm (SGT)

Jie (Jay) CAO (The Hong Kong Polytechnic University)
Amit GOYAL (University of Lausanne and Swiss Finance Institute)
Xintong (Eunice) ZHAN* (Fudan University)
Weiming (Elaine) ZHANG (IE Business School)

Discussant:
Jianfeng HU (Singapore Management University)

2:45 pm – 3:30 pm

Alpha Go Everywhere: Machine Learning and International Stock Returns

Darwin CHOI* (The Chinese University of Hong Kong)
Wenxi JIANG (The Chinese University of Hong Kong)
Chao ZHANG (University of Oxford)

Discussant:
Grace HU (Tsinghua University)

3:30 pm – 4:00 pm

Break

4:00 pm – 4:45 pm

The Cryptocurrency Participation Puzzle

Ran DUCHIN (Boston College)
David H. SOLOMON (Boston College )
Jun TU* (Singapore Management University)
Xi WANG (Peking University)

Discussant:
Tarun CHORDIA (Emory University & ABFER)

4:45 pm – 5:30 pm

Staking, Token Pricing, and Crypto Carry

Lin William CONG (Cornell University)
Zhiheng HE* (Tsinghua University)
Ke TANG (Tsinghua University)

Discussant:
Shiyang HUANG (The University of Hong Kong)

MAY
2023

Tuesday

Investors’ Information & Beliefs
Chair: Darwin CHOI (Chinese University of Hong Kong)

Location: Azalea 3

9:00 am – 9:45 am (SGT)

What's in Investors' Information Sets?

Alberto G. ROSSI* (Georgetown University)
Hagit LEVY (Baruch College)
Ron SHALEV (University of Toronto)
Emanuel ZUR (University of Maryland)

Discussant:
Xiaoyan ZHANG (Tsinghua University & ABFER)

9:45 am – 10:30 am

Investor Memory and Biased Beliefs: Evidence from the Field

Hongqi LIU* (The Chinese University of Hong Kong, Shenzhen)
Zhengyang JIANG (Northwestern University)
Cameron PENG (London School of Economics and Political Science)
Hongjun YAN (DePaul University)

Discussant:
Chishen WEI (The Hong Kong Polytechnic University)

10:30 am – 11:00 am

Break

11:00 am – 11:45 am

Portfolio Rebalancing and Consumption Response of Households to Monetary Policy Shocks

Yeow Hwee CHUA* (Nanyang Technological University)
Sumit AGARWAL (National University of Singapore & ABFER)
Pulak GHOSH (India Institute of Management Bangalore & ABFER)
Changcheng SONG (Singapore Management University)

Discussant:
Naveen GONDHI (INSEAD)

11:45 am – 12:30 pm

Long-term Earnings Forecasts, Managerial Distortion, and Stock Returns

Zhenghui NI* (National University of Singapore)
Allaudeen HAMEED (National University of Singapore & ABFER)
Massimo MASSA (INSEAD & ABFER)

Discussant:
Zhi DA (University of Notre Dame)

may
2023

Thursday

Households & Institutional Investors
Chair: Roger LOH (Singapore Management University & ABFER)

Location: Azalea 2

9:00 am – 9:45 am (SGT)

Emotional Safety Net Against Financial Distress

Da KE* (University of South Carolina)

Discussant:
Byoung-Hyoun HWANG (Nanyang Technological University)

9:45 am – 10:30 am

Inflation Forecasting from Cross-Sectional Stocks

Claire Yurong HONG* (Shanghai Jiao Tong University)
Jun PAN (Shanghai Jiao Tong University & ABFER)
Shiwen TIAN (Shanghai Jiao Tong University)

Discussant:
Michael WEBER (The University of Chicago Booth School of Business)

10:30 am – 11:00 am

Break

11:00 am – 11:45 am

Financial Intermediaries vs. Capital Allocation: The Forgotten Role of Mutual Funds

Yanbo WANG (Sungkyunkwan University)
Hong ZHANG* (Singapore Management University & ABFER)
Massimo MASSA (INSEAD & ABFER)

Discussant:
Ji Min PARK (Nanyang Technological University)

11:45 am – 12:30 pm

The Economics of Mutual Fund Marketing

Wenxi JIANG* (The Chinese University of Hong Kong)
Jane CHEN (London School of Economics)
Mindy Xiaolan ZHANG (University of Texas at Austin)

Discussant:
Si CHENG (Syracuse University)

* Presenter. Program is subjected to change. Updated 30 May 2023.

Session Format

Four papers will be presented during each session. Each paper has 45 minutes including 20 minutes for presentation, 15 minutes for discussion and 10 minutes for Q&A.

Contact Information

Program Director	Conference Organizer
Allaudeen HAMEED (National University of Singapore & ABFER) This email address is being protected from spambots. You need JavaScript enabled to view it. Massimo MASSA (INSEAD & ABFER) This email address is being protected from spambots. You need JavaScript enabled to view it.	Darwin CHOI (Chinese University of Hong Kong) This email address is being protected from spambots. You need JavaScript enabled to view it. Roger LOH (Singapore Management University & ABFER) This email address is being protected from spambots. You need JavaScript enabled to view it. Hong ZHANG (Singapore Management University & ABFER) This email address is being protected from spambots. You need JavaScript enabled to view it.

Program Director

Conference Organizer

Allaudeen HAMEED (National University of Singapore & ABFER)
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Massimo MASSA (INSEAD & ABFER)
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Darwin CHOI (Chinese University of Hong Kong)
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Roger LOH (Singapore Management University & ABFER)
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Hong ZHANG (Singapore Management University & ABFER)
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