Conference Agenda

Tips to navigate the program:

  • Overview of all papers on a specific day: click on the day (e.g. Date: Thursday, 24/Aug/2019). To download papers, you will need to access the session by clicking on its title first.
  • Program index: click on the Authors tab below.
  • Location name: to display all sessions taking place in that room
  • Search box: to search for authors, papers and sessions.

Please notes that changes in the program might occur.

If your name is not displayed in the program, please register in our conference system.

If your paper information is not up to date, please send us an email at efa2019@novasbe.pt.

Registration to the conference closes on August 1st, 2019: www.conftool.com/efa2019

 
Session Overview
Date: Wednesday, 21/Aug/2019
18:30 - 20:30WR: Welcome Reception

The official opening of the 46th EFA Annual Meeting will take place at the Nova School of Business and Economics campus. The Welcome Reception provides an excellent opportunity to network, meet old friends and colleagues, as well as to meet new people as the program begins. Snacks will be served during the event.

Nova SBE 
Date: Thursday, 22/Aug/2019
8:30 - 10:00APE-2: Time-varying liquidity and risk premia
Session Chair: Rossen Valkanov, UCSD
D -104 
8:30 - 10:00APT-1: Equilibrium Models in Asset Pricing
Session Chair: Lorenzo Bretscher, London Business School
D -105 
8:30 - 10:00APE-10: Sovereign funding markets
Session Chair: Andrea Buraschi, Imperial College Business School
Session Chair: Melissa Prado, Nova School of Business and Economics
D -106 
8:30 - 10:00CFGE-1: Human Capital and Firm Value
Session Chair: Moqi Groen-Xu, London School of Economics
D -107 
8:30 - 10:00CFGE-10: Entrepreneurial Finance
Session Chair: Juanita Gonzalez-Uribe, LSE
D -110 
8:30 - 10:00CFGE-19: Information and disclosure
Session Chair: Stefan Zeume, University of Illinois at Urbana Champaign
D -111 
8:30 - 10:00HH-5: Savings and Investments
Session Chair: Kim Peijnenburg, EDHEC Business School
D -112 
8:30 - 10:00FIIE-5: Bank Supervision
Session Chair: Dragana Cvijanovic, Warwick Business School
D -113 
8:30 - 10:00FIIE-14: Delegated Portfolios
Session Chair: Veronika Pool, Vanderbilt University
D -114 
10:00 - 10:30Coffee break offered by BPI Gestão de Activos
 
10:30 - 12:00NBIM-1: Understanding the Long-run Drivers of Asset Prices
Session Chair: Dagfinn Rime, BI Norwegian Business School
D -104 
10:30 - 12:00APT-2: New Models in Macro-Finance
Session Chair: Ivan Shaliastovich, UW Madison
D -105 
10:30 - 12:00MM-3: Private Information and Trade Informativeness
Session Chair: Jerome Dugast, Universite Paris-Dauphine
D -106 
10:30 - 12:00CFGE-2: What is new in Mergers and Acquisitions?
Session Chair: Daniel Metzger, Rotterdam School of Management
D -107 
10:30 - 12:00CFGE-11: Politics and the economy
Session Chair: Vikrant Vig, London Business School
D -110 
10:30 - 12:00CFGT-1: New Perspectives on Corporate Governance Theory
Session Chair: Doron Levit, University of Pennsylvania
D -111 
10:30 - 12:00HH-6: Household Debt
Session Chair: Pedro Gete, IE University
D -112 
10:30 - 12:00FIIE-6: Systemic risks and runs
Session Chair: Elena Carletti, Bocconi University
D -113 
10:30 - 12:00FIIE-15: Private Equity and Venture Capital
Session Chair: Oleg Gredil, Tulane University
D -114 
12:00 - 13:30Lunch break
 
13:30 - 15:00APE-12: Empirical macro-finance
Session Chair: Michael Weber, University of Chicago
D -104 
13:30 - 15:00BIS-1: Exchange Rates and Financial Conditions
Session Chair: Boris Hofmann, Bank for International Settlements
D -105 
13:30 - 15:00MM-4: Arbitrage and Informed Trading
Session Chair: Laurence Lescourret, ESSEC Business School
D -106 
13:30 - 15:00CFGE-3: Gender Equality
Session Chair: Mireia Gine, IESE Business School
D -107 
13:30 - 15:00CFGE-12: Debt and Investment
Session Chair: Ramin P Baghai, Stockholm School of Economics
D -110 
13:30 - 15:00CFGT-2: Capital Structure: Theory
Session Chair: Daniel Ferreira, London School of Economics
D -111 
13:30 - 15:00BF-1: Behavioral Factors in Valuation: Empirical Evidence
Session Chair: Francesco D'Acunto, Boston College
D -112 
13:30 - 15:00FIIE-7: Regulation, Credit and Hedge funds
Session Chair: Sascha Steffen, Frankfurt School
D -113 
13:30 - 15:00FIIE-16: Credit standard and financial distress
Session Chair: Victoria Ivashina, Harvard University
D -114 
13:30 - 15:00Panel 1: Fintech: Challenges to Regulation and Financial Stability

Organized in collaboration with the Banco de Portugal

D 139 
15:00 - 15:30Coffee break
 
15:30 - 17:00APE-3: Expectations Management by Central Banks
Session Chair: Emanuel Moench, Deutsche Bundesbank
D -104 
15:30 - 17:00APT-3: Equilibrium Models in Asset Pricing
Session Chair: Juliana Salomao, University of Minnesota
D -105 
15:30 - 17:00IF-1: International Finance
Session Chair: Tony Zhang, Boston University
D -106 
15:30 - 17:00CFGE-4: Determinants and consequences of competition
Session Chair: Rui Albuquerque, Boston College
D -107 
15:30 - 17:00CFGE-13: Conflicts between Shareholders and Other Stakeholders
Session Chair: Mariassunta Giannetti, Stockholm School of Economics
D -110 
15:30 - 17:00CFGT-3: Blockholders and Investor Activism: Theory
Session Chair: Amil Dasgupta, London School of Economics
D -111 
15:30 - 17:00BF-2: Behavioral Factors in Valuation: Theory
Session Chair: Liyan Yang, University of Toronto
Session Chair: Fernando Anjos, Nova School of Business and Economics
D -112 
15:30 - 17:00FIIE-8: Financing innovations and funding
Session Chair: Tobias Berg, Frankfurt School of Finance and Management
D -113 
15:30 - 17:00FIIE-17: Banking liquidity, solvency and regulation
Session Chair: Jason Roderick Donaldson, Washington University in St Louis
D -114 
18:30Bus Get Together: Check exact route time and book your ride on time!
 
19:00 - 21:30GT: Get Together and explore Lisbon on your own

Participants are welcome to join the Get Together event, an informal gathering to enjoy a networking evening in the beautiful atmosphere of Estufa Fria. The Estufa Fria is a greenhouse located in the heart of Lisbon city. Participants who wish to visit Lisbon can explore the city on their own after the event.

Estufa Fria 
Date: Friday, 23/Aug/2019
7:30 - 8:30Women in Finance networking breakfast

The session aims to encourage women working in finance to get to know each other and share their career experiences. The breakfast will be organized with round tables where senior and junior researchers can discuss and address current issues. We strongly encourage all women in finance to attend.

Azure Restaurant (on Nova SBE campus) 
8:30 - 10:00APE-11: The cross-section of expected returns
Session Chair: Dacheng Xiu, University of Chicago
D -104 
8:30 - 10:00APT-5: Crash Risk
Session Chair: Anders Trolle, HEC Paris
D -105 
8:30 - 10:00MM-5: Market design and Liquidity
Session Chair: Elvira Sojli, University of New South Wales
D -106 
8:30 - 10:00CFGE-5: New theory and evidence on IPOs
Session Chair: Per Strömberg, Stockholm School of Economics
D -107 
8:30 - 10:00CFGE-14: Labor and Finance
Session Chair: Ashwini Agrawal, LSE
D -110 
8:30 - 10:00HH-1: Household Consumption-Debt Behavior
Session Chair: Adair Morse, UC Berkeley
D -111 
8:30 - 10:00FIIE-1: Fund performance
Session Chair: Charlotte Christiansen, CREATES, Aarhus University
D -112 
8:30 - 10:00FIIE-9: Exchange-Traded Funds and Fund Flows
Session Chair: Francesco Franzoni, USI Università della Svizzera italiana, Swiss Finance Institute
D -113 
8:30 - 10:00FIIT-1: Banks' responses to macroprudential policies
Session Chair: Leonardo Gambacorta, Bank for International Settlements
D -114 
10:00 - 10:30Coffee break offered by WRDS
 
10:30 - 12:00APE-5: Economic Risk Factors
Session Chair: Francisco Gomes, London Business School
D -104 
10:30 - 12:00APT-4: Information and Entry
Session Chair: Bradyn Breon-Drish, UC San Diego
D -105 
10:30 - 12:00APE-9: Leverage Constraints and Liquidity in Equity Markets
Session Chair: Naveen Gondhi, INSEAD
D -106 
10:30 - 12:00CFGE-6: Ownership and governance
Session Chair: Heitor Almeida, UIUC
D -107 
10:30 - 12:00CFGE-16: Spillover effects
Session Chair: Morten Bennedsen, University of Copenhagen
D -110 
10:30 - 12:00HH-2: Discrimination
Session Chair: Daniel Paravisini, London School of Economics
D -111 
10:30 - 12:00ECB-1: Interaction of monetary and macroprudential policies, impact of regulations and spillover across the financial sector
Session Chair: Angela Maria Maddaloni, European Central Bank
D -112 
10:30 - 12:00FIIE-10: Asset Management
Session Chair: Richard Evans, University of Virginia
D -113 
10:30 - 12:00FIIT-2: Designing bank regulation and supervision
Session Chair: Joao Santos, Federal Reserve Bank of New York
D -114 
12:00 - 13:30Lunch break
 
13:30 - 15:00APE-6: Cross-section of stock returns: higher-order moments and mis-specification
Session Chair: Grigory Vilkov, Frankfurt School of Finance and Management
D -104 
13:30 - 15:00MM-1: The Speed and Transparency of Trading
Session Chair: Batchimeg Sambalaibat, Indiana University
D -105 
13:30 - 15:00APE-4: Liquidity in Corporate Bond Market
Session Chair: Peter Feldhütter, Copenhagen Business School
D -106 
13:30 - 15:00CFGE-7: Corporate Governance
Session Chair: Vyacheslav Fos, Boston College
D -107 
13:30 - 15:00CFGE-15: Contracts and Incentives
Session Chair: Isaac Hacamo, Nova School of Business and Economics
D -110 
13:30 - 15:00HH-4: Labor Markets and Human Capital
Session Chair: Paolo Sodini, Stockholm School of Economics
D -111 
13:30 - 15:00FIIE-2: Reallocation of risk accross countries
Session Chair: Hans Degryse, University of Leuven
D -112 
13:30 - 15:00FIIE-11: International Capital Markets
Session Chair: Pedro Matos, University of Virginia
Session Chair: Richard Evans, University of Virginia
D -113 
13:30 - 15:00FIIT-3: Dealers and market power
Session Chair: Katrin Tinn, Imperial College Business School
D -114 
13:30 - 15:00Panel 2: The EC Sustainable Finance Action Plan: the potential of regulation to tackle climate change

Organized in collaboration with the European Commission – Joint Research Centre

D 139 
15:00 - 15:30Coffee break
 
15:30 - 17:10KS.GA: Keynote Speech - Prize Ceremony - EFA General Assembly

Keynote Address by Professor Andrei Shleifer (Harvard University)

EFA Paper Prizes, Review of Finance Prizes and the EFA Doctoral Tutorial Prizes

Hovione Atrium 
18:30Bus Conference Dinner: Check exact route time and book your ride on time!
 
19:00 - 23:00CD: Conference Dinner

Participants are invited to join the highlight of the social program. The Conference Dinner will be held at the restaurant SUD Lisboa, which offers a wonderful view of the Tagus River and it is located close to the famous Belém area.

SUD Lisboa 
Date: Saturday, 24/Aug/2019
9:00 - 10:30APE-7: Alternative Asset Classes
Session Chair: Pedro Saffi, University of Cambridge
D -104 
9:00 - 10:30MM-2: Market Microstructure: Liquidity and Volume
Session Chair: Anna Obizhaeva, New Economic School
D -105 
9:00 - 10:30APE-1: News effects
Session Chair: Alberto G Rossi, University of Maryland
D -106 
9:00 - 10:30CFGE-8: Corporate Social Responsibility
Session Chair: Nuno Fernandes, Católica Lisbon and ECGI
D -107 
9:00 - 10:30CFGE-17: Crime, politics, and firm value
Session Chair: Pat Akey, University of Toronto
D -110 
9:00 - 10:30CFGT-4: Dynamic Financing and Investment
Session Chair: Josef Zechner, WU Vienna
D -111 
9:00 - 10:30FIIE-3: Limits to Regulation
Session Chair: Ralf Meisenzahl, Federal Reserve Board
D -112 
9:00 - 10:30FIIE-12: Empirical banking and insurance
Session Chair: Ishita Sen, London Business School
D -113 
9:00 - 10:30FIIT-4: Collateral and market fragility
Session Chair: John Chi-Fong Kuong, INSEAD
Session Chair: Sergio Vicente, Queen Mary University of London
D -114 
10:30 - 11:00Coffee break
 
11:00 - 12:30APE-8: Aggregate Risk and Return Predictability
Session Chair: Frederico Belo, INSEAD
D -104 
11:00 - 12:30APT-6: Money and Collateral
Session Chair: Stefano Corradin, European Central Bank
D -105 
11:00 - 12:30IF-2: International Macro Finance
Session Chair: Federico Gavazzoni, INSEAD
D -106 
11:00 - 12:30CFGE-9: Collateral and Corporate Policy
Session Chair: Robert Prilmeier, Tulane University
D -107 
11:00 - 12:30CFGE-18: Bankruptcy and uncertainty
Session Chair: Carola Schenone, University of Virginia
D -110 
11:00 - 12:30HH-3: Financial & Robo-Advising
Session Chair: Marcin Kacperczyk, Imperial College Business School
D -111 
11:00 - 12:30FIIE-4: Access to Credit
Session Chair: Andrea Polo, LUISS, EIEF
D -112 
11:00 - 12:30FIIE-13: Incentives and Agency Conflicts
Session Chair: Xiaoyun Yu, Indiana University
D -113 
11:00 - 12:30FIIT-5: Funding liquidity
Session Chair: Gyongyi Loranth, University of Vienna
D -114 
12:30 - 13:00Lunch (bag)
 
13:00Tours: Visit Lisbon-Cascais region

Cityrama offers two tours on Saturday afternoon specifically designed for the conference participants:

1. Lisbon City tour – Cascais and Belém
2. Sintra, Cabo da Roca and Estoril

Registration to attend the tours is required! Informaiton here.