INSEAD Finance Symposium
Past programs: 2021, 2020, 2018, 2017
Dates: May 19th, May 20hth, 2022
Location: INSEAD, Fontainebleau Campus, CEDEP Fontainebleau (Click for campus map)
2022 Program
Presenters are underlined. Timing: 45 min. per paper, consisting of 25 min. for the author’s presentation, 15 minutes for the discussant and 5 minutes for Q&A from the audience.
Thursday May 19th
Chair: Massimo Massa (INSEAD)
Session 1: Mispricing
14h00 "A Long and a Short Leg Make For a Wobbly Equilibrium"
Nicolae Garleanu (WashU Olin), Stavros Panageas (UCLA), and Geoffery Zheng (NYU Shanghai)
Discussant: Sergei Glebkin (INSEAD)
14h45 "Dynamic Asset (Mis)Pricing: Build-up vs. Resolution Anomalies "
Jules. van Binsbergen (Wharton), Martijn Boons (Tilburg), Christian Opp (Rochester) and Andrea Tamoni (Rutgers)
Discussant: Olivier Dessaint (INSEAD)
15h30 Coffee break
Chair: Pascal Maenhout (INSEAD)
Session 2: Asset pricing, granular investors and wealth inequality
16h00 “Wealth Inequality, Aggregate Risk, and Asset Prices”
Harjoat S. Bhamra (Imperial), Marco Francischello (Imperial) and Clara Martınez-Toledano (Imperial)
Discussant: Rodolfo Prieto (INSEAD)
16h45 "Granular Investors and International Bond Prices: Scarcity-Induced Safety"
Ester Faia (Goethe University Frankfurt), Juliana Salomao (University of Minnesota) and Alexia Ventula Veghazy (ECB)
Discussant: Frederico Belo (INSEAD)
18h00 – 19h00 Cocktail at the Cercle (Click for campus map)
19h00 – 21h00 Dinner at the Cercle (Click for campus map)
Friday May 20th
08h30 Welcome coffee
Chair: Frederico Belo (INSEAD)
Session 3: Financial intermediation 1
09h00 "Waiting for Capital: Dynamic Intermediation in Illiquid Markets"
Barney Hartman-Glaser (UCLA), Simon Mayer (Chicago Booth) and Konstantin Milbradt (Northwestern Kellogg)
Discussant: Junyuan Zou (INSEAD)
09h45 "Intermediary-based loan pricing"
Pierre Mabille (INSEAD) and Olivier Wang (NYU)
Discussant: Laurent Calvet (EDHEC)
10h30 Coffee break
Chair: Lily Fang (INSEAD)
Session 4: Financial intermediation 2
11h00 "Ex-Post Loss Sharing In Consumer Financial Markets"
Alexandru Barbu (LBS and INSEAD)
Discussant: Johan Hombert (HEC Paris)
11h45 "Funding Liquidity Creation, Bank Capital and Social Welfare"
Fenghua Song (Penn State), Anjan Thakor (WashU Olin)
Discussant: John Kuong (INSEAD)
12h30 – 14h00 Lunch at the INSEAD restaurant (Click for campus map)
Chair: Theo Vermaelen (INSEAD)
Session 5: ESG - theory
14h00 "A Theory of Fair CEO Pay"
Pierre Chaigneau (Queen’s University), Alex Edmans (LBS) and Daniel Gottlieb (LSE)
Discussant: Naveen Gondhi (INSEAD)
14h45 "Sustainable Investing and Public Goods Provision"
Ilaria Piatti (QMUL), Joel Shapiro (Oxford Said), and Xuan Wang (VU Amsterdam)
Discussant: Lin Shen (INSEAD)
15h30 Coffee break
Chair: Joel Peress (INSEAD)
Session 6: Using information in prices & trades
16h00 "Incentivizing effort and informing investment: the dual role of stock prices"
Snehal Banerjee (UCSD Rady), Jesse Davis (UNC), Naveen Gondhi (INSEAD)
Discussant: Diego Garcia (University of Colorado, Boulder)
16h45 "A portfolio Perspective of Payment for Order Flow"
Markus Baldauf (UBC), Joshua Mollner (Kellogg), Bart Yueshen (INSEAD)
Discussant: Ioanid Rosu (HEC Paris)
17h30 Adjourn