Volatility Disagreement and Asset Prices

Adem Atmaz¹, Andrea Buffa²

1: Purdue University; 2: University of Colorado Boulder

Future of Emissions

Andreas Brogger¹, Jules van Binsbergen²

1: Rotterdam School of Management, Erasmus University; 2: Wharton School, University of Pennsylvania

Tracing Out International Data Flow: The Value of Data and Privacy

Junjun Quan

Columbia University

Product Market Decisions and Subprime Lending by Captive Finance Companies

Jiadi Xu

University of Wisconsin-Milwaukee

The Dynamics of Deposit Flightiness and its Impact on Financial Stability

Kristian Blickle¹, Xu Lu², Jane Li³, Yiming Ma⁴

1: New York Fed; 2: University of Washington Seattle; 3: Columbia Business School; 4: Columbia Business School

Capital Regulation and Asset Allocation Amidst Agency Conflicts: Evidence From Mortgage Servicing

Naser Hamdi¹, Erica Jiang², Brittany Almquist Lewis³, Manisha Padi⁴, Avantika Pal⁵

1: Equifax; 2: USC; 3: WUSTL; 4: Berkeley; 5: UIUC

Partisan Friendshoring

Meghana Ayyagari¹, Janet Gao², Pengfei Ma³

1: George Washington University; 2: Georgetown University; 3: Singapore Management University

How do Venture Capitalists become Influential?

Marta Zava

Bocconi University & Goethe University

Beliefs Heterogeneity and the Equity Term Structure

Hamilton Galindo Gil¹, Yucheng Zhou²

1: Cleveland State University; 2: University of Illinois at Urbana-Champaign

Brown Capital (Re)Allocation

Olivier Darmouni, Yuqi Zhang

Columbia University

Big Data and Bigger Firms: A Labor Market Channel

Abhinav Gupta¹, Naman Nishesh², Elena Simintzi³

1: University of North Carolina, Chapel Hill; 2: University of North Carolina, Chapel Hill; 3: University of North Carolina, Chapel Hill

The Pass-through of Corporate Tax Cuts to Consumer Loans: Evidence from the TCJA

Joao Granja¹, Fabian Nagel², Arndt Weinrich³

1: University of Chicago; 2: Kellogg School of Management; 3: Erasmus University

Sticky Deposits, not Depositors

Bronson Argyle¹, Benjamin Iverson¹, Jason Kotter¹, Taylor Nadauld¹, Christopher Palmer²

1: Brigham Young University; 2: Massachusetts Institute of Technology

Monetary Policy and the Mortgage Market

Itamar Drechsler¹, Philipp Schnabl², Alexi Savov², Dominik Supera³

1: University of Pennsylvania and NBER; 2: New York University and NBER; 3: Columbia Business School

Consuming Values

Jacob Conway¹, Levi Boxell²

1: University of Chicago; 2: Unaffiliated

Tyranny of the Personal Network: The Limits of Arm’s Length Fundraising in Venture Capital

Sabrina Howell¹, Dean Parker², Ting Xu³

1: NYU Stern; 2: NYU Stern; 3: Toronto Rotman

How Beliefs Respond to News: Implications for Asset Prices

Ian Dew-Becker¹, Stefano Giglio^2,3, Pooya Molavi⁴

1: Federal Reserve Bank of Chicago; 2: Yale University; 3: NBER; 4: Northwestern University

A Tale of Commodities and Climate-driven Disasters

Filippo Pellegrino

Imperial College London

Search and Negotiation with Biased Beliefs in Consumer Credit Markets

Erik Berwart¹, Sean Higgins², Sheisha Kulkarni³, Santiago Truffa⁴

1: CMF; 2: Kellogg School of Management, Northwestern University; 3: University of Virginia; 4: ESE School of Business, Universidad de Los Andes

Shadow Banks and the Dynamic Effects of Monetary Policy on Small Business Lending

Manasa Gopal¹, Andres Sarto², Dominik Supera³, Olivier Wang⁴

1: Georgia Tech; 2: University of Chicago; 3: Columbia University; 4: New York University

Mortgage Structure, Financial Stability, and Risk Sharing

Vadim Elenev¹, Lu Liu²

1: Johns Hopkins University, Carey Business School; 2: The Wharton School, University of Pennsylvania

Carbon Offsets: Decarbonization or Transition-Washing?

Sehoon Kim, Tao Li, Yanbin Wu

University of Florida

Financial Intermediary Relationships and Public Market Access

Alexander Blaine Eli Tuft¹, Emmanuel Yimfor²

1: University of Wyoming; 2: Columbia Business School, Columbia University

Machine Forecast Disagreement

Turan G. Bali¹, Bryan Kelly², Mathis Moerke³, Jamil Rahman²

1: Georgetown University; 2: Yale School of Management; 3: School of Finance, St.Gallen

Picking Up the PACE: Loans for Residential Climate-Proofing

Aymeric Bellon¹, Cameron LaPoint², Francesco Mazzola³, Guosong Xu⁴

1: UNC-Chapel Hill, Kenan-Flagler Business School; 2: Yale School of Management; 3: ESCP Business School; 4: Erasmus University, Rotterdam School of Management

Crafting an AI Compass: The Influence of Global AI Standards on Firms

Mehmet Canayaz, Zhe Wang

Penn State University

How Do Income-Driven Repayment Plans Benefit Student Debt Borrowers?

Sylvain Catherine¹, Mehran Ebrahimian², Constantine Yannelis³

1: The Wharton School; 2: Stockholm School of Economics; 3: University of Cambridge

Monetary Policy Complementarity: Bank Regulation and Interest Rates

Stefan Walz

Columbia Business School

Too-Many-to-Ignore: Regional Banks and CRE Risks

Franz J Hinzen¹, Felipe Severino¹, Stijn Van Nieuwerburgh^2,3

1: Tuck School of Business at Dartmouth; 2: Columbia Business School; 3: NBER

Taking the Road Less Traveled? Market Misreaction and Firm Innovation Directions

Tianshu Lyu¹, Zunda Winston Xu²

1: Yale University; 2: Stanford University

From Competitors to Partners: Banks’ Venture Investments in Fintech

Manju Puri¹, Yiming Qian², Xiang Zheng²

1: Duke University; 2: University of Connecticut

Higher-Order Beliefs and Risky Asset Holdings

Yuriy Gorodnichenko¹, Xiao Yin²

1: UC Berkeley; 2: UCL

Climate Risk and the US Insurance Gap: Measurement, Drivers and Implications

Parinitha Sastry¹, Tess Scharlemann², Ana-Maria Tenekedjieva², Ishita Sen³

1: Columbia Business School; 2: Federal Reserve Board; 3: Harvard Business School

How Good is AI at Twisting Arms? Experiments in Debt Collection

James Choi¹, Dong Huang¹, Zhishu Yang², Qi Zhang³

1: Yale University; 2: Tsinghua University; 3: Shanghai Jiao Tong University

Student Loan Forgiveness

Michael Fread Dinerstein¹, Samuel Earnest², Dmitri Koustas³, Constantine Yannelis⁴

1: Duke University; 2: Massachusetts Institute of Technology; 3: University of Chicago; 4: Cambridge University

Securities Losses, Interbank Markets, and Monetary Policy Transmission: Evidence from the Eurozone

Mariassunta Giannetti¹, Martina Jasova², Caterina Mendicino³, Dominik Supera⁴

1: Stockholm School of Economics; 2: Barnard College, Columbia University; 3: ECB; 4: Columbia Business School

Extend-and-Pretend in the U.S. CRE Market

Matteo Crosignani¹, Saketh Prazad²

1: New York Fed, CEPR; 2: Harvard University

Corporate Behavior When Running the Firm for Stakeholders: Evidence from Hospitals

Christoph Herpfer¹, Jianzhang Lin², Gonzalo Maturana²

1: UVA Darden; 2: Emory

Innovation, Industry Equilibrium, and Discount Rates

Maria Cecilia Bustamante¹, Francesca Zucchi²

1: University of Maryland; 2: ECB

Institutions' Return Expectations across Assets and Time

Magnus Dahlquist², Markus Felix Ibert¹

1: Copenhagen Business School; 2: Stockholm School of Economics, Sweden

Climate Capitalists

Niels Gormsen¹, Kilian Huber¹, Sangmin Oh²

1: Chicago Booth; 2: Columbia Business School

Is There Wisdom Among the DAO Crowd? Evidence from Vote Delegation

Chuxuan Fan¹, Tao Shu^2,3, Fei Xie^4,5

1: Chinese University of Hong Kong, Shenzhen; 2: Chinese University of Hong Kong; 3: ABFER; 4: University of Delaware; 5: ECGI

Intergenerational Effects of Debt Relief: Evidence from Bankruptcy Protection

Naser Hamdi¹, Ankit Kalda², Qianfan Wu²

1: Equifax Inc; 2: Indiana University

Interest Rate Risk and Cross-Sectional Effects of Micro-Prudential Regulation

Juliane Begenau¹, Vadim Elenev², Tim Landvoigt³

1: Stanford Graduate School of Business; 2: Johns Hopkins University Carey Business School; 3: The Wharton School, University of Pennsylvania

Housing Returns and The Emergence of The Safe Asset, 1465-2024

Paul Schmelzing

BC and Hoover Institution, Stanford

Political Polarization and Investor Disagreement

Yi Hao, Amrita Nain, Haocheng Xu

University of Iowa

AI and Operational Losses: Evidence from U.S. Bank Holding Companies

Atanas Mihov¹, Ping McLemore²

1: University of Kansas; 2: Federal Reserve Bank of Richmond