INSEAD Finance Symposium
Past programs: 2022, 2021, 2020, 2018, 2017
Dates: June 6th, June 7th, 2023
Location: INSEAD, Fontainebleau Campus, East Wing, Amphi Loudon (Click for campus map)
Presenters are underlined. Timing: 45 min. per paper, consisting of 20 min. for the author’s presentation, 15 minutes for the discussant and 10 minutes for Q&A from the audience.
Chair: Theo Vermaelen (INSEAD)
Session 1: Trends in financial markets
14h00 "Personalized Pricing, Network Effects, and Corporate Social Responsibility"
Yan Xiong (HKUST) and Liyan Yang (University of Toronto)
Discussant: Bart Yueshen (INSEAD)
Slides: presentation, discussion
14h45 "Passive Investing and the Rise of Mega-Firms"
Hao Jiang (Michigan State), Dimitri Vayanos (LSE), and Lu Zheng (UC Irvine)
Discussant: Rodolfo Prieto (INSEAD)
Slides: presentation, discussion
15h30 Coffee break
Chair: Pat Akey (Rotman)
Session 2: Corporate Finance
16h00 "The Innovation Arms Race"
Muhammad Farooq Ahmad (SKEMA), Eric de Bodt (NHH), and Jarrad Harford (University of Washington)
Discussant: Olivier Dessaint (INSEAD)
Slides: presentation
16h45 "The Effects of Mandatory Profit-Sharing on Workers and Firms: Evidence from France"
Elio Nimier-David (CREST-ENSAE), David Sraer (UC Berkeley), and David Thesmar (MIT Sloan).
Discussant: Naveen Gondhi (INSEAD)
Slides: presentation, discussion
18h00 – 19h00 Cocktail at the Cercle (Click for campus map)
19h00 – 21h00 Dinner at the Cercle (Click for campus map)
08h30 Welcome coffee
Chair: Joel Peress (INSEAD)
Session 3: Trading - Theory
09h00 "CHILE: Continuous Heterogeneous Information Large Economy'"
Efstathios Avdis (University of Alberta) and Sergei Glebkin (INSEAD)
Discussant: Ming Yang (UCL)
Slides: presentation, discussion
09h45 "Less is More"
Bart Yueshen (INSEAD) and Junyuan Zou (INSEAD)
Discussant: Shengxing Zhang (Peking HSBC Business School)
Slides: presentation, discussion
10h30 Coffee break
Chair: Jean Dermine (INSEAD)
Session 4: Financial intermediaries
11h00 "Monetary Policy and Fragility in Corporate Bond Funds"
John Kuong (INSEAD), James O'Donovan (CUHK) and Jinyuan Zhang (UCLA)
Discussant: Jaewon Choi (UIUC)
Slides: presentation, discussion
11h45 "Bank Failures and Credit Reallocation"
Elena Carletti (Bocconi), Filippo De Marco (Bocconi), Vasso Ioannidou (Bayes Business School), and Enrico Sette (Bank of Italy)
Discussant: John Kuong (INSEAD)
Slides: presentation, discussion
12h30 – 14h00 Lunch at the Cercle (Click for campus map)
Chair: Frederico Belo (INSEAD)
Session 5: Subjective Beliefs
14h00 "Model Ambiguity vs Model Misspecification in Dynamic Portfolio Choice and Asset Pricing"
Anne G. Balter (Tilburg), Pascal J. Maenhout (INSEAD), and Hao Xing (Boston University)
Discussant: Jaroslav Borovička (NYU)
Slides: presentation, discussion
14h45 "The Subjective Risk and Return Expectations of Institutional Investors"
Spencer J. Couts (USC), Andrei S Goncalves (OSU), and Johnathan A. Loudis (University of Notre Dame)
Discussant: Ahmed Guecioueur (INSEAD)
Slides: presentation, discussion
15h30 Coffee break
Chair: Bernard Dumas (INSEAD)
Session 6: Implications of savings
16h00 “Asset Pricing and Risk Sharing Implications of Alternative Pension Plan Systems”
Nuno Coimbra (Banque de France), Francisco Gomes (LBS), Alexander Michaelides (Imperial), and Jialu Shen (University of Missouri)
Discussant: Pierre Mabille (INSEAD)
Slides: presentation, discussion
16h45 "From Saving Comes Having? Disentangling the Impact of Saving on Wealth Inequality"
Laurent Bach (ESSEC), Laurent E. Calvet (EDHEC), and Paolo Sodini (SSE)
Discussant: Alexandru Barbu (INSEAD)
Slides: presentation, discussion
17h30 Adjourn