European Finance Association

51st Annual Meeting

Bratislava, Slovakia | August 21-24, 2024

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Conference Agenda

Please note that all times are shown in the time zone of the conference. The current conference time is: 9th May 2025, 09:44:46am CEST

Session Overview

Date: Wednesday, 21/Aug/2024
8:00am - 5:30pm	Registration Desk Location: Radisson
5:30pm - 7:30pm	Registration Desk Location: Reduta Conference attendees may check-in for the Annual Meeting before attending the Welcome Reception to receive their participant badge and other conference material. Refreshments will be served before the concert starting at 18:30.
6:30pm - 10:00pm	Welcome Reception: Welcome Reception offered by Dimensional and Concert (starting at 18.30) Location: Reduta

Date: Thursday, 22/Aug/2024
8:00am - 6:00pm	Registration Desk Location: Radisson & Reduta
9:00am - 10:30am	AP 01: Asset price reactions to FOMC announcements Location: Reduta \| Columned Hall (floor 1) Chair: Pierre Collin-Dufresne, EPFL and Swiss Finance Institute	AP 02: Bond habitats and term premia Location: Reduta \| Large Concert Hall (floor 2) Chair: Walker Ray, London School of Economics	AP 03: Global networks and currency returns Location: Reduta \| Small Hall (floor 2) Chair: Riccardo Colacito, University of North Carolina at Chapel Hill	FI 01: Digital banking Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Leonardo Gambacorta, Bank for International Settlements	FI 02: Frictions in the Treasury market Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Wenhao Li, USC Marshall School of Business	CF 01: Diversity, equity, and inclusion Location: Radisson \| Symphony Chair: Maria-Teresa Marchica, Alliance Manchester Business School
9:00am - 10:30am	CF 02: Corporate investment Location: Radisson \| Melody Chair: Ramin P Baghai, Stockholm School of Economics	CL 01: Corporate responses to climate risk Location: Radisson \| Rhapsody Chair: Marcin Kacperczyk, Imperial College London	MM 01: Big data, humans and algorithms Location: Radisson \| Carlton Hall Chair: Sophie Moinas, Toulouse School of Economics
10:30am - 11:00am	Coffee Break
11:00am - 12:30pm	ECB: Challenges for monetary policy transmission through banks and non-banks Location: Reduta \| Columned Hall (floor 1) Chair: Angela Maddaloni, European Central Bank	AP 04: Limits to arbitrage and market efficiency Location: Reduta \| Large Concert Hall (floor 2) Chair: Lorenzo Bretscher, University of Lausanne	AP 05: Equity and bond returns in the cross section Location: Reduta \| Small Hall (floor 2) Chair: Jennie Bai, Georgetown University	FI 03: Monetary policy, credit cycles and financial intermediaries Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Mariassunta Giannetti, Stockholm School of Economics	FI 04: Banks and fintech Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Florian Heider, LIF-SAFE & Goethe University Frankfurt	CF 03: Corporate voting Location: Radisson \| Symphony Chair: Vyacheslav Fos, Boston College, CEPR, ECGI, and NBER
11:00am - 12:30pm	CF 04: Small business finance Location: Radisson \| Melody Chair: Diana Bonfim, Banco de Portugal, ECB and Católica Lisbon	CL 02: Financial intermediaries and climate change Location: Radisson \| Rhapsody Chair: Glenn Schepens, European Central Bank	HF 01: Educating households Location: Radisson \| Carlton Hall Chair: Samuli Knüpfer, Aalto University School of Business
12:30pm - 2:00pm	Lunch
2:00pm - 3:30pm	BIS: Shifts in interest rates and financial system risks Location: Reduta \| Columned Hall (floor 1) Chair: Sebastian Doerr, Bank for International Settlements	AP 06: Wealth heterogeneity and asset prices Location: Reduta \| Large Concert Hall (floor 2) Chair: Michael Gallmeyer, University of Virginia	AP 07: Stock return predictability Location: Reduta \| Small Hall (floor 2) Chair: Seth Pruitt, Arizona State University	FI 05: Mutual fund manager incentives and beliefs Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Simona Abis, University of Colorado Boulder	FI 06: Bank deposits Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Richard Stanton, U.C. Berkeley	CF 05: Talent flows and firm heterogeneity Location: Radisson \| Symphony Chair: Rui Silva, Nova School of Business and Economics
2:00pm - 3:30pm	CF 06: Debt and dilution Location: Radisson \| Melody Chair: Christian Opp, Simon Business School	CL 03: Impact investing Location: Radisson \| Rhapsody Chair: Zacharias Sautner, University of Zurich	HF 02: Household debt Location: Radisson \| Carlton Hall Chair: Adam Jørring, UMass Amherst
3:30pm - 4:00pm	Coffee Break
4:00pm - 5:30pm	AP 08: Option pricing Location: Reduta \| Columned Hall (floor 1) Chair: Piotr Orłowski, HEC Montreal Chair: Xintong Zhan, Fudan University	AP 09: Fiscal policy and financial markets Location: Reduta \| Large Concert Hall (floor 2) Chair: Jian Li, Columbia University	AP 10: Exchange rates and asset allocation Location: Reduta \| Small Hall (floor 2) Chair: Shaojun Zhang, The Ohio State University	FI 07: Bank deposit fragility and credit Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Kaspar Zimmermann, Frankfurt School of Finance & Management	FI 08: Payments and liquidity provision Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Iñaki Aldasoro, Bank for International Settlements	CF 07: Market structure and market power Location: Radisson \| Symphony Chair: Laurent Fresard, USI Lugano
4:00pm - 5:30pm	CF 08: Polarization and firms Location: Radisson \| Melody Chair: Marco Grotteria, London Business School	CL 04: The impact of sustainable finance Location: Radisson \| Rhapsody Chair: Olivier David Zerbib, CREST, ENSAE, Institut Polytechnique de Paris	MM 02: Financial intermediation and informational frictions Location: Radisson \| Carlton Hall Chair: Laurence Daures, ESSEC Business School
6:30pm - 9:30pm	Get Together: Get Together offered by CRSP Location: Slovak National Theatre (modern building)

Date: Friday, 23/Aug/2024
8:00am - 6:00pm	Registration Desk Location: Radisson & Reduta
9:00am - 10:30am	AP 11: Asset prices and the business cycle Location: Reduta \| Columned Hall (floor 1) Chair: Mete Kilic, University of Southern California, Marshall School of Business	AP 12: Inflation and asset prices Location: Reduta \| Large Concert Hall (floor 2) Chair: Alexander Michaelides, Imperial College London	AP 13: Beliefs and asset prices Location: Reduta \| Small Hall (floor 2) Chair: Cameron Peng, London School of Economics	FI 09: Real estate markets Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Lu Liu, University of Pennsylvania	FI 10: Access to bank credit Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Evren ORS, HEC Paris	CF 09: VCs and entrepreneurs Location: Radisson \| Symphony Chair: Isil Erel, The Ohio State University
9:00am - 10:30am	CF 10: Corporate innovation Location: Radisson \| Melody Chair: Jiri Knesl, University of Oxford, Said Business School	CL 05: ESG investing Location: Radisson \| Rhapsody Chair: Pedro Matos, University of Virginia	MM 03: Retail order flow Location: Radisson \| Carlton Hall Chair: Ingrid M Werner, The Ohio State University
10:30am - 11:00am	Coffee Break
11:00am - 12:30pm	NBS: Machine learning methods in finance Location: Reduta \| Columned Hall (floor 1) Chair: Reiner Martin, National Bank of Slovakia	AP 14: Derivatives Location: Reduta \| Large Concert Hall (floor 2) Chair: Grigory Vilkov, Frankfurt School of Finance and Management gGmbH	AP 15: Demand-based asset pricing Location: Reduta \| Small Hall (floor 2) Chair: Sebastien Betermier, McGill University	FI 11: Modern banking: Theory and empirics Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Sascha Steffen, Frankfurt School	FI 12: Fixed income funds Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Jaewon Choi, Seoul National University	CF 11: R&D, innovation, and value Location: Radisson \| Symphony Chair: Jana Fidrmuc, Warwick Business School
11:00am - 12:30pm	CF 12: Executives and their incentives Location: Radisson \| Melody Chair: Raghavendra Rau, University of Cambridge	CL 06: Climate risk Location: Radisson \| Rhapsody Chair: Emirhan Ilhan, National University of Singapore	HF 03: Information in consumer credit markets Location: Radisson \| Carlton Hall Chair: Gordon Phillips, Dartmouth College
12:30pm - 2:00pm	Lunch
2:00pm - 3:30pm	NBIM: Understanding the long-run drivers of asset prices Location: Reduta \| Columned Hall (floor 1) Chair: Christian Heyerdahl-Larsen, BI Norwegian Business School	AP 16: Subjective expectations Location: Reduta \| Large Concert Hall (floor 2) Chair: Stefan Nagel, University of Chicago	AP 17: Cross-section of average returns Location: Reduta \| Small Hall (floor 2) Chair: Michela Verardo, London School of Economics and Political Science	FI 13: Monitoring and screening in lending Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Marco Pagano, Università degli Studi di Napoli Federico II	FI 14: Mutual fund performance Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Aleksandra Rzeznik, York University	CF 13: Firm restructuring and bankruptcy Location: Radisson \| Symphony Chair: Nadya Malenko, Boston College
2:00pm - 3:30pm	CF 14: ESG and corporate investment Location: Radisson \| Melody Chair: Laura Starks, The University of Texas at Austin	MM 04: Informed trading Location: Radisson \| Rhapsody Chair: Albert Menkveld, Vrije Universiteit Amsterdam	HF 04: New developments in personal finance Location: Radisson \| Carlton Hall Chair: Loriana Pelizzon, Leibniz Institute for Financial Research SAFE
3:30pm - 4:00pm	Coffee Break
4:00pm - 5:40pm	GA: General Assembly - Prize Ceremony - Keynote Speech Location: Reduta \| Large Concert Hall (floor 2)
7:00pm - 11:00pm	Conference Dinner Location: Bratislava Castle

Date: Saturday, 24/Aug/2024
8:00am - 10:00am	Registration Desk Location: Radisson & Reduta
9:00am - 10:30am	FI 15: Financial intermediation and the economy Location: Reduta \| Columned Hall (floor 1) Chair: Martina Jasova, Barnard College, Columbia University	AP 18: Cross-section of stock returns and machine learning Location: Reduta \| Large Concert Hall (floor 2) Chair: Svetlana Bryzgalova, London Business School	AP 19: Political risk in financial markets Location: Reduta \| Small Hall (floor 2) Chair: Pat Akey, University of Toronto	FI 16: Trading and financial intermediation Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Falko Fecht, Deutsche Bundesbank	HF 05: Housing and mortgage decisions Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Francisco Gomes, London Business School	CF 15: Finance and competition Location: Radisson \| Symphony Chair: Carola Schenone, University of Virginia
9:00am - 10:30am	CF 16: Inequalities in the labor market Location: Radisson \| Melody Chair: Merih Sevilir, Halle Institute for Economic Research and ESMT-Berlin	CF 17: Principal-agent theory Location: Radisson \| Rhapsody Chair: Marcus Opp, Stockholm school of economics	CL 07: Sustainable investment preferences Location: Radisson \| Carlton Hall Chair: Paul Smeets, University of Amsterdam
10:30am - 11:00am	Coffee Break
11:00am - 12:30pm	AP 20: Monetary policy and safe assets Location: Reduta \| Columned Hall (floor 1) Chair: Dejanir Silva, Purdue University Chair: Paymon Khorrami, Duke University	AP 21: Pricing of credit risk Location: Reduta \| Large Concert Hall (floor 2) Chair: Christian Wagner, WU Vienna University of Economics and Business	AP 22: Asset pricing: ESG investing Location: Reduta \| Small Hall (floor 2) Chair: Kornelia Fabisik, University of Bern	FI 17: Banks and regulation Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Tatyana Marchuk, BI Norwegian Business School	HF 06: House prices, interest risk, and inflation Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Martin Berka, Massey University Chair: Pavel Gertler, National Bank of Slovakia	CF 18: Politics and finance Location: Radisson \| Symphony Chair: Katya Neretina, Bocconi University
11:00am - 12:30pm	CF 19: Firms and financial constraints Location: Radisson \| Melody Chair: Dong Yan, Rotterdam School of Management, Erasmus University	CF 20: Security design and inference Location: Radisson \| Rhapsody Chair: Josef Zechner, WU Vienna University of Economics and Business	MM 05: Dealer markets Location: Radisson \| Carlton Hall Chair: Norman Schuerhoff, SFI at University of Lausanne

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Privacy Statement · Conference: EFA 2024

Date: Thursday, 22/Aug/2024
8:00am - 6:00pm	Registration Desk Location: Radisson & Reduta
9:00am - 10:30am	AP 01: Asset price reactions to FOMC announcements Location: Reduta \| Columned Hall (floor 1) Chair: Pierre Collin-Dufresne, EPFL and Swiss Finance Institute	AP 02: Bond habitats and term premia Location: Reduta \| Large Concert Hall (floor 2) Chair: Walker Ray, London School of Economics	AP 03: Global networks and currency returns Location: Reduta \| Small Hall (floor 2) Chair: Riccardo Colacito, University of North Carolina at Chapel Hill	FI 01: Digital banking Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Leonardo Gambacorta, Bank for International Settlements	FI 02: Frictions in the Treasury market Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Wenhao Li, USC Marshall School of Business	CF 01: Diversity, equity, and inclusion Location: Radisson \| Symphony Chair: Maria-Teresa Marchica, Alliance Manchester Business School
9:00am - 10:30am	CF 02: Corporate investment Location: Radisson \| Melody Chair: Ramin P Baghai, Stockholm School of Economics	CL 01: Corporate responses to climate risk Location: Radisson \| Rhapsody Chair: Marcin Kacperczyk, Imperial College London	MM 01: Big data, humans and algorithms Location: Radisson \| Carlton Hall Chair: Sophie Moinas, Toulouse School of Economics
10:30am - 11:00am	Coffee Break
11:00am - 12:30pm	ECB: Challenges for monetary policy transmission through banks and non-banks Location: Reduta \| Columned Hall (floor 1) Chair: Angela Maddaloni, European Central Bank	AP 04: Limits to arbitrage and market efficiency Location: Reduta \| Large Concert Hall (floor 2) Chair: Lorenzo Bretscher, University of Lausanne	AP 05: Equity and bond returns in the cross section Location: Reduta \| Small Hall (floor 2) Chair: Jennie Bai, Georgetown University	FI 03: Monetary policy, credit cycles and financial intermediaries Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Mariassunta Giannetti, Stockholm School of Economics	FI 04: Banks and fintech Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Florian Heider, LIF-SAFE & Goethe University Frankfurt	CF 03: Corporate voting Location: Radisson \| Symphony Chair: Vyacheslav Fos, Boston College, CEPR, ECGI, and NBER
11:00am - 12:30pm	CF 04: Small business finance Location: Radisson \| Melody Chair: Diana Bonfim, Banco de Portugal, ECB and Católica Lisbon	CL 02: Financial intermediaries and climate change Location: Radisson \| Rhapsody Chair: Glenn Schepens, European Central Bank	HF 01: Educating households Location: Radisson \| Carlton Hall Chair: Samuli Knüpfer, Aalto University School of Business
12:30pm - 2:00pm	Lunch
2:00pm - 3:30pm	BIS: Shifts in interest rates and financial system risks Location: Reduta \| Columned Hall (floor 1) Chair: Sebastian Doerr, Bank for International Settlements	AP 06: Wealth heterogeneity and asset prices Location: Reduta \| Large Concert Hall (floor 2) Chair: Michael Gallmeyer, University of Virginia	AP 07: Stock return predictability Location: Reduta \| Small Hall (floor 2) Chair: Seth Pruitt, Arizona State University	FI 05: Mutual fund manager incentives and beliefs Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Simona Abis, University of Colorado Boulder	FI 06: Bank deposits Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Richard Stanton, U.C. Berkeley	CF 05: Talent flows and firm heterogeneity Location: Radisson \| Symphony Chair: Rui Silva, Nova School of Business and Economics
2:00pm - 3:30pm	CF 06: Debt and dilution Location: Radisson \| Melody Chair: Christian Opp, Simon Business School	CL 03: Impact investing Location: Radisson \| Rhapsody Chair: Zacharias Sautner, University of Zurich	HF 02: Household debt Location: Radisson \| Carlton Hall Chair: Adam Jørring, UMass Amherst
3:30pm - 4:00pm	Coffee Break
4:00pm - 5:30pm	AP 08: Option pricing Location: Reduta \| Columned Hall (floor 1) Chair: Piotr Orłowski, HEC Montreal Chair: Xintong Zhan, Fudan University	AP 09: Fiscal policy and financial markets Location: Reduta \| Large Concert Hall (floor 2) Chair: Jian Li, Columbia University	AP 10: Exchange rates and asset allocation Location: Reduta \| Small Hall (floor 2) Chair: Shaojun Zhang, The Ohio State University	FI 07: Bank deposit fragility and credit Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Kaspar Zimmermann, Frankfurt School of Finance & Management	FI 08: Payments and liquidity provision Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Iñaki Aldasoro, Bank for International Settlements	CF 07: Market structure and market power Location: Radisson \| Symphony Chair: Laurent Fresard, USI Lugano
4:00pm - 5:30pm	CF 08: Polarization and firms Location: Radisson \| Melody Chair: Marco Grotteria, London Business School	CL 04: The impact of sustainable finance Location: Radisson \| Rhapsody Chair: Olivier David Zerbib, CREST, ENSAE, Institut Polytechnique de Paris	MM 02: Financial intermediation and informational frictions Location: Radisson \| Carlton Hall Chair: Laurence Daures, ESSEC Business School
6:30pm - 9:30pm	Get Together: Get Together offered by CRSP Location: Slovak National Theatre (modern building)

Date: Friday, 23/Aug/2024
8:00am - 6:00pm	Registration Desk Location: Radisson & Reduta
9:00am - 10:30am	AP 11: Asset prices and the business cycle Location: Reduta \| Columned Hall (floor 1) Chair: Mete Kilic, University of Southern California, Marshall School of Business	AP 12: Inflation and asset prices Location: Reduta \| Large Concert Hall (floor 2) Chair: Alexander Michaelides, Imperial College London	AP 13: Beliefs and asset prices Location: Reduta \| Small Hall (floor 2) Chair: Cameron Peng, London School of Economics	FI 09: Real estate markets Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Lu Liu, University of Pennsylvania	FI 10: Access to bank credit Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Evren ORS, HEC Paris	CF 09: VCs and entrepreneurs Location: Radisson \| Symphony Chair: Isil Erel, The Ohio State University
9:00am - 10:30am	CF 10: Corporate innovation Location: Radisson \| Melody Chair: Jiri Knesl, University of Oxford, Said Business School	CL 05: ESG investing Location: Radisson \| Rhapsody Chair: Pedro Matos, University of Virginia	MM 03: Retail order flow Location: Radisson \| Carlton Hall Chair: Ingrid M Werner, The Ohio State University
10:30am - 11:00am	Coffee Break
11:00am - 12:30pm	NBS: Machine learning methods in finance Location: Reduta \| Columned Hall (floor 1) Chair: Reiner Martin, National Bank of Slovakia	AP 14: Derivatives Location: Reduta \| Large Concert Hall (floor 2) Chair: Grigory Vilkov, Frankfurt School of Finance and Management gGmbH	AP 15: Demand-based asset pricing Location: Reduta \| Small Hall (floor 2) Chair: Sebastien Betermier, McGill University	FI 11: Modern banking: Theory and empirics Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Sascha Steffen, Frankfurt School	FI 12: Fixed income funds Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Jaewon Choi, Seoul National University	CF 11: R&D, innovation, and value Location: Radisson \| Symphony Chair: Jana Fidrmuc, Warwick Business School
11:00am - 12:30pm	CF 12: Executives and their incentives Location: Radisson \| Melody Chair: Raghavendra Rau, University of Cambridge	CL 06: Climate risk Location: Radisson \| Rhapsody Chair: Emirhan Ilhan, National University of Singapore	HF 03: Information in consumer credit markets Location: Radisson \| Carlton Hall Chair: Gordon Phillips, Dartmouth College
12:30pm - 2:00pm	Lunch
2:00pm - 3:30pm	NBIM: Understanding the long-run drivers of asset prices Location: Reduta \| Columned Hall (floor 1) Chair: Christian Heyerdahl-Larsen, BI Norwegian Business School	AP 16: Subjective expectations Location: Reduta \| Large Concert Hall (floor 2) Chair: Stefan Nagel, University of Chicago	AP 17: Cross-section of average returns Location: Reduta \| Small Hall (floor 2) Chair: Michela Verardo, London School of Economics and Political Science	FI 13: Monitoring and screening in lending Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Marco Pagano, Università degli Studi di Napoli Federico II	FI 14: Mutual fund performance Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Aleksandra Rzeznik, York University	CF 13: Firm restructuring and bankruptcy Location: Radisson \| Symphony Chair: Nadya Malenko, Boston College
2:00pm - 3:30pm	CF 14: ESG and corporate investment Location: Radisson \| Melody Chair: Laura Starks, The University of Texas at Austin	MM 04: Informed trading Location: Radisson \| Rhapsody Chair: Albert Menkveld, Vrije Universiteit Amsterdam	HF 04: New developments in personal finance Location: Radisson \| Carlton Hall Chair: Loriana Pelizzon, Leibniz Institute for Financial Research SAFE
3:30pm - 4:00pm	Coffee Break
4:00pm - 5:40pm	GA: General Assembly - Prize Ceremony - Keynote Speech Location: Reduta \| Large Concert Hall (floor 2)
7:00pm - 11:00pm	Conference Dinner Location: Bratislava Castle

Date: Saturday, 24/Aug/2024
8:00am - 10:00am	Registration Desk Location: Radisson & Reduta
9:00am - 10:30am	FI 15: Financial intermediation and the economy Location: Reduta \| Columned Hall (floor 1) Chair: Martina Jasova, Barnard College, Columbia University	AP 18: Cross-section of stock returns and machine learning Location: Reduta \| Large Concert Hall (floor 2) Chair: Svetlana Bryzgalova, London Business School	AP 19: Political risk in financial markets Location: Reduta \| Small Hall (floor 2) Chair: Pat Akey, University of Toronto	FI 16: Trading and financial intermediation Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Falko Fecht, Deutsche Bundesbank	HF 05: Housing and mortgage decisions Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Francisco Gomes, London Business School	CF 15: Finance and competition Location: Radisson \| Symphony Chair: Carola Schenone, University of Virginia
9:00am - 10:30am	CF 16: Inequalities in the labor market Location: Radisson \| Melody Chair: Merih Sevilir, Halle Institute for Economic Research and ESMT-Berlin	CF 17: Principal-agent theory Location: Radisson \| Rhapsody Chair: Marcus Opp, Stockholm school of economics	CL 07: Sustainable investment preferences Location: Radisson \| Carlton Hall Chair: Paul Smeets, University of Amsterdam
10:30am - 11:00am	Coffee Break
11:00am - 12:30pm	AP 20: Monetary policy and safe assets Location: Reduta \| Columned Hall (floor 1) Chair: Dejanir Silva, Purdue University Chair: Paymon Khorrami, Duke University	AP 21: Pricing of credit risk Location: Reduta \| Large Concert Hall (floor 2) Chair: Christian Wagner, WU Vienna University of Economics and Business	AP 22: Asset pricing: ESG investing Location: Reduta \| Small Hall (floor 2) Chair: Kornelia Fabisik, University of Bern	FI 17: Banks and regulation Location: Reduta \| Chamber Studio (via courtyard, floor 2) Chair: Tatyana Marchuk, BI Norwegian Business School	HF 06: House prices, interest risk, and inflation Location: Reduta \| Choir Room (via courtyard, floor 2) Chair: Martin Berka, Massey University Chair: Pavel Gertler, National Bank of Slovakia	CF 18: Politics and finance Location: Radisson \| Symphony Chair: Katya Neretina, Bocconi University
11:00am - 12:30pm	CF 19: Firms and financial constraints Location: Radisson \| Melody Chair: Dong Yan, Rotterdam School of Management, Erasmus University	CF 20: Security design and inference Location: Radisson \| Rhapsody Chair: Josef Zechner, WU Vienna University of Economics and Business	MM 05: Dealer markets Location: Radisson \| Carlton Hall Chair: Norman Schuerhoff, SFI at University of Lausanne