Artificial Intelligence and Firms' Systematic Risk

Tania Babina², Anastassia Fedyk¹, Alex He², James Hodson³

1: University of California at Berkeley, United States of America; 2: University of Maryland; 3: AI for Good Foundation

ChatGPT and Perception Biases in Investments: An Experimental Study

Anastassia Fedyk¹, Ali Kakhbod², Peiyao Li³, Ulrike Malmendier⁴

1: UC Berkeley, United States of America; 2: UC Berkeley, United States of America; 3: UC Berkeley, United States of America; 4: UC Berkeley, United States of America

AI-Powered (Finance) Scholarship

Robert Novy-Marx², Mihail Velikov¹

1: Penn State University, United States of America; 2: University of Rochester, United States of America

Demand-Based Expected Returns

Alessandro Crescini^1,2, Fabio Trojani^1,2, Andrea Vedolin³

1: University of Geneva, Switzerland; 2: Swiss Finance Institute; 3: Boston University

The Market for 0DTE: The Role of Liquidity Providers in Volatility Attenuation

Greg Adams², Jean-Sebastien Fontaine², Chay Ornthanalai¹

1: Rotman School of Management, Canada; 2: Bank of Canada

Do Funds Engage in Optimal FX Hedging?

Leonie Braeuer^1,2, Harald Hau^1,2,3

1: University of Geneva, Switzerland; 2: Swiss Finance Institute; 3: CEPR

The Limited Virtue of Complexity in a Noisy World

Yuantao Shi^1,2, Qi Jin^1,2, Álvaro Cartea^1,2

1: University of Oxford, United Kingdom; 2: Oxford-Man Institute

A Theory of Complexity Aversion

Xavier Gabaix

Harvard, United States of America

Why Complexity Makes Factor Models Fail

Carter Davis¹, Alejandro Lopez-Lira²

1: Indiana University; 2: University of Florida

Network Factors for Idiosyncratic Volatility Spillover

Belinda Chen

University of Illinois at Urbana-Champaign, United States of America

Global Production Networks and Asset Prices

Teodor Dyakov¹, Hao Jiang²

1: EDHEC Business School; 2: Broad College of Business, Michigan State University

Macro Strikes Back: Term Structure of Risk Premia

Svetlana Bryzgalova¹, Jiantao Huang², Christian Julliard³

1: Department of Finance, London Business School; 2: University of Hong Kong, Hong Kong S.A.R. (China); 3: Department of Finance, FMG, and SRC, London School of Economics, and CEPR

Inflation, Default, and Corporate Bond Returns

Xiaomeng Lu¹, Yoshio Nozawa², Zhaogang Song³

1: Fudan University; 2: University of Toronto; 3: Johns Hopkins University, United States of America

Good Inflation, Bad Inflation: Implications for Risky Asset Prices

Dino Palazzo¹, Ram Yamarthy², Diego Bonelli³

1: Federal Reserve Board, United States of America; 2: Federal Reserve Board, United States of America; 3: Banco de España

The Global Credit Cycle

Nina Boyarchenko^1,2, Leonardo Elias¹

1: Federal Reserve Bank of New York, United States of America; 2: CEPR, CesIfo

Extrapolative Market Participation

Wanbin Pan¹, Zhiwei Su², Huijun Wang³, Jianfeng Yu⁴

1: University of Science and Technology of China; 2: Lingnan University; 3: Auburn University; 4: Tsinghua University, PBC School of Finance

The Term Structure of Return Expectations

Federico Bastianello¹, Cameron Peng²

1: London Business School, United Kingdom; 2: London School of Economics, United Kingdom

The Effects of Monetary Policy on Macroeconomic Expectations: High-Frequency Evidence from Traded Event Contracts

Eric Swanson¹, Renxuan Wang², Yanbin Wu³

1: University of California, Irvine and NBER; 2: CEIBS; 3: University of Florida

Sources of Return Predictability

Beata Gafka¹, Pavel Savor², Mungo Wilson³

1: Ivey Business School at University of Western Ontario, Canada; 2: DePaul University - Kellstadt Graduate School of Business; 3: Said Business School at Oxford University

How Global is Predictability? The Power of Financial Transfer Learning

Oliver Hellum¹, Lasse Heje Pedersen², Anders Rønn-Nielsen¹

1: Copenhagen Business School; 2: AQR, Copenhagen Business School, CEPR

International Sentiment Networks and Equity Return Predictability

Gustavo Freire¹, Ali Moin¹, Alberto Quaini¹, Amar Soebhag^1,2

1: Erasmus University Rotterdam; 2: Robeco Quantitative Investing

Why Does Volatility Demand Fall During Market Turmoil? A Market Maker Perspective

Kris Jacobs, Anh Thu Mai, Paola Pederzoli

University of Houston, United States of America

The Stock-Bond Correlation: A Tale of Two Days in the U.S. Treasury Market

Grace Xing Hu¹, Zhao Jin², Jun Pan³

1: PBC School of Finance, Tsinghua University; 2: School of Finance, Central University of Finance and Economics; 3: Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University

What Drives the Aggregate Net Payout Yield? A Structural Investment Approach

Ilan Cooper^1,4, Xuenan {Erica} Li², Paulo Maio³, Chunyu Yang⁴

1: University of Haifa, Israel; 2: Hanken School of Economics, Finland; 3: CKGSB, China; 4: BI Norwegian Business School, Norway