The 2026 Wellington Finance Summit
November 20
Wellington, New Zealand
Organised by
School of Economics and Finance
Victoria University of Wellington
Program Schedule
For each paper: 25 min for presentation including Q&A, 15 min for discussion.
Zoom Link: https://vuw.zoom.us/my/wfs2026
Friday, November 20, 2026
8.00am-8.30am Registration / Welcome Breakfast, RH103
Welcome Remarks
8.30am-8.40am: RH102
Professor Jane Bryson (Dean of Wellington School of Business and Government)
Session 1: Microstructure
8.40am-10.00am: RH102
Regulating the Trade in Cap-and-Trade
Jian Sun (Singapore Management University)
Bart Zhou Yueshen (Singapore Management University)
Discussant: Konstantin Sokolov (University of Memphis)
Non-Native Tokens and Price Discovery
Agostino Capponi (Columbia University)
Konstantin Sokolov (University of Memphis)
Jiang Zhang (University of St. Thomas)
Discussant: Jian Sun (Singapore Management University)
10.00am-10.30am: Morning Break and Refreshments, RH103
Session 2: Corporate Finance
10.30am-11.50pm: RH102
Martin Schmalz (University of Oxford, CEPR, ECGI & CESifo)
Jin Xie (Peking University HSBC Business School)
Discussant: Griffin Geng (Victoria University of Wellington)
When She Signs First: Gender Norms and the Female-Lead Mortgage Gap
Phong T. H. Ngo (Australian National University)
Guangqian Pan (University of Sydney)
Diego Puente (Australian National University)
Discussant: Ching-Tse Chen (Copenhagen Business School)
11.50pm-1.10pm: Lunch Break and Refreshments, RH103
Keynote Speech
1.10pm-2.10pm: RH102
Market Concentration and Asset Pricing
Alexandre Jeanneret (The University of New South Wales)
2.10pm-2.30pm: Afternoon Break and Refreshments, RH103
Session 3: Retail Finance
2.30pm-3.50pm: RH102
Unbundling the Demand Deposit: Consumer Credit and Run-Proof Liquidity Provision
Kostas Koufopoulos (University of Sussex)
Xuyuanda Qi (NYU Shanghai)
Discussant: Guangqian Pan (University of Sydney)
The Economic Consequences of Lower Retail Trading Costs
Ching-Tse Chen (Copenhagen Business School)
Ming-Jen Lin (National Taiwan University)
Discussant: Hai Lin (Victoria University of Wellington)
3.50pm-4.20pm: Afternoon Break and Refreshments, RH103
Session 4: Investment
4.20pm-5.40pm: RH102
Aggregation Consistency and Return Predictability: Evidence from CAPE Ratios
Rui Ma (La Trobe University)
Ben R. Marshall (Massey University)
Nhut H. Nguyen (Auckland University of Technology)
Nuttawat Visaltanachoti (Massey University)
Discussant: Jiaxing Tian (Shenzhen Finance Institute & Chinese University of Hong Kong, Shenzhen)
Showcasing Winners: The Speed of Mutual Fund Portfolio Disclosure
Richard Evans (University of Virginia, Darden)
Jiaxing Tian (Shenzhen Finance Institute & Chinese University of Hong Kong, Shenzhen)
Chishen Wei (Hong Kong Polytechnic University)
Hong Xiang (Hong Kong Polytechnic University)
Discussant: Ben Marshall (Massey University)
A Best Paper Award of NZ$1000 will be voted for by the participants at the conclusion of the summit.
6:15pm: Main dinner