SFS Cavalcade North America 2026
Darden Graduate School of Business Administration, University of Virginia
May 18-21, 2026
Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 18th Apr 2026, 05:22:17am EDT
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Daily Overview |
| 8:00am - 3:00pm |
Registration Location: Darden School of Business, Rosenblum Entrance Hall Breakfast will be available Tuesday, Wednesday, and Thursday mornings from 8 AM - 10AM. Refreshments will be available throughout the day. |
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| 8:30am - 9:15am |
Track T1-1: Preferences, Experiences, and Investor Behavior Location: Classroom 120 Chair: Huseyin Gulen, Purdue University Discussant: Da Ke, University of South Carlina Dinner Table Alphas 1: University of Maryland; 2: University of Texas at Dallas; 3: Harvard Business School |
Track T2-1: Real Assets, Insurance, and Real Estate Location: Classroom 130 Chair: Amir Kermani, UC Berkeley Discussant: Benjamin Collier, Wisconsin The Economics of Insurance Guaranty Funds 1: Harvard Business School; 2: Wharton; 3: ASU; 4: Columbia Business School |
Track T3-1: Asset Pricing: Theory Location: Classroom 140 Chair: Mike Gallmeyer, UVA Discussant: Philipp Illeditsch, Texas A&M University CDX Markets, Time-Varying Fear,and Corporate Leverage 1: Imperial College Business School; 2: Carnegie-Mellon University |
Track T4-1: Climate and Corporate Finance Location: Classroom 150 Chair: Christoph Schiller, Ohio State University Discussant: Luke Stein, Babson College Money and Power Federal Reserve Board of Governors |
| Track T5-1: Private Equity and Venture Capital Location: Classroom 240 Chair: Michael Ewens, Columbia University Discussant: Filippo Mezzanotti, Northwestern University How do Barbarians Get to the Gates? Private Equity Careers, Styles, and Returns University of Florida |
Track T6-1: Monetary Policy Location: Classroom 250 Chair: Nina Boyarchenko, Federal Reserve Bank of New York Discussant: Simone Lenzu, Federal Reserve Bank of New York Monetary Policy and Investment Plans 1: University of Chicago Booth School of Business; 2: MIT Sloan School of Management |
Track T7-1: Banking and Credit Intermediation Location: Classroom 260 Chair: Lu Liu, The Wharton School, University of Pennsylvania Discussant: Susan Cherry, University of Texas at Austin Interest-Rate Fee Substitution: Credit Facilitation in Segmented Markets 1: London Business School and CEPR; 2: Bank of England |
Track T8-1: Flows, Prices, and Institutional Investors Location: Classroom 270 Chair: Ian Appel, UVA Darden Discussant: Shuaiyu Chen, UVA Darden Asset Reclassification and Mutual Fund Flows Owen Graduate School of Management, Vanderbilt University |
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| 9:15am - 9:30am |
Break |
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| 9:30am - 10:15am |
Track T1-2: Preferences, Experiences, and Investor Behavior Location: Classroom 120 Chair: Huseyin Gulen, Purdue University Discussant: W Ben McCartney, UVA Risky for Me, Safe for Thee: How Parents Invest for Themselves vs. Their Children 1: Copenhagen Business School; 2: Indiana University Kelley School of Business |
Track T2-2: Real Assets, Insurance, and Real Estate Location: Classroom 130 Chair: Amir Kermani, UC Berkeley Discussant: Alina Arefeva, UW-Madison Subsidizing the Cloud: U.S. State Incentives to Data Centers 1: University of Houston; 2: University of Notre Dame |
Track T3-2: Asset Pricing: Theory Location: Classroom 140 Chair: Mike Gallmeyer, UVA Discussant: Hongjun Yan, DePaul University Buy High, Cry Later: Beliefs-driven Cycles of Stock Market Participation BI Norwegian Business School |
Track T4-2: Climate and Corporate Finance Location: Classroom 150 Chair: Christoph Schiller, Ohio State University Discussant: Sehoon Kim, University of Florida Green Waste 1: Fisher College of Business, The Ohio State University; 2: University of Chicago, United States of America |
| Track T5-2: Private Equity and Venture Capital Location: Classroom 240 Chair: Michael Ewens, Columbia University Discussant: Jessica Bai, Georgetown University Educating Entrepreneurs on VC contracts University of Hong Kong |
Track T6-2: Monetary Policy Location: Classroom 250 Chair: Nina Boyarchenko, Federal Reserve Bank of New York Discussant: Elena Loutskina, University of Virginia Credit Crunch in Housing under Regulation Q Stanford GSB |
Track T7-2: Banking and Credit Intermediation Location: Classroom 260 Chair: Lu Liu, The Wharton School, University of Pennsylvania Discussant: Edward Kim, University of Michigan The Response of Debtors to Rate Changes 1: Nova School of Business & Economics; 2: Ecole Polytechnique Federale de Lausanne (EPFL); 3: Goethe University Frankfurt; 4: Purdue University |
Track T8-2: Flows, Prices, and Institutional Investors Location: Classroom 270 Chair: Ian Appel, UVA Darden Discussant: David Solomon, Boston College The Hidden Cost of Stock Market Concentration: When Funds Hit Regulatory Limits University of Chicago |
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| 10:15am - 10:30am |
Break |
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| 10:30am - 11:15am |
Track T1-3: Preferences, Experiences, and Investor Behavior Location: Classroom 120 Chair: Huseyin Gulen, Purdue University Discussant: Stefano Cassella, Tilburg University Navigating through fear and greed: The Experience-driven disposition effect 1: University of Pennsylvania; 2: USI Lugano; 3: Tianjin University |
Track T2-3: Real Assets, Insurance, and Real Estate Location: Classroom 130 Chair: Amir Kermani, UC Berkeley Discussant: Cameron LaPoint, Yale School of Management The Commercial Real Estate Ecosystem 1: Booth School of Business, University of Chicago; 2: Graduate school of Business, Columbia University |
Track T3-3: Asset Pricing: Theory Location: Classroom 140 Chair: Mike Gallmeyer, UVA Discussant: Robert Parham, University of Virginia A Theory of Speculation on Token-Based Platform UT Austin |
Track T4-3: Climate and Corporate Finance Location: Classroom 150 Chair: Christoph Schiller, Ohio State University Discussant: Nora Pankratz, University of Toronto The Cost of Net Zero 1: Penn State U; 2: Penn State U |
| Track T5-3: Private Equity and Venture Capital Location: Classroom 240 Chair: Michael Ewens, Columbia University Discussant: Yifei Mao, Santa Clara University Transferable Skills? Founders as Venture Capitalists 1: Harvard Business School; 2: NBER; 3: Georgetown University |
Track T6-3: Monetary Policy Location: Classroom 250 Chair: Nina Boyarchenko, Federal Reserve Bank of New York Discussant: Mariano Croce, BOCCONI Univ. A Model of U.S. Monetary Policy and the Global Financial Cycle 1: Chicago Booth; 2: Princeton University |
Track T7-3: Banking and Credit Intermediation Location: Classroom 260 Chair: Lu Liu, The Wharton School, University of Pennsylvania Discussant: Janet Gao, Georgetown University Banks as Stewards 1: Federal Reserve Bank of New York; 2: UC Berkeley; 3: Wharton - Univeristy of Pennsylvania |
Track T8-3: Flows, Prices, and Institutional Investors Location: Classroom 270 Chair: Ian Appel, UVA Darden Discussant: Pat Akey, ESSEC Does Sustainable Investing Weaken Stock Reactions to Cash Flow News? 1: University of Houston; 2: Rutgers Business School; 3: Michigan State University; 4: University of Notre Dame; 5: Shanghai University of Finance and Economics |
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| 11:15am - 11:30am |
Break |
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| 11:30am - 12:15pm |
Track T1-4: Preferences, Experiences, and Investor Behavior Location: Classroom 120 Chair: Huseyin Gulen, Purdue University Discussant: Dejanir Silva, Purdue University A Bound on Price Impact and Disagreement 1: Harvard Business School; 2: University of Lausanne, Swiss Finance Institute; 3: University of Washington in St. Louis |
Track T2-4: Real Assets, Insurance, and Real Estate Location: Classroom 130 Chair: Amir Kermani, UC Berkeley Discussant: Timothy Layton, University of Virginia Retention Costs or Human Capital Investments: A Dual Perspective on Employer-Sponsored Health Benefits 1: Columbia Business School, Columbia University; 2: University of Western Ontario |
Track T3-4: Asset Pricing: Theory Location: Classroom 140 Chair: Mike Gallmeyer, UVA Discussant: Vadim Elenev, Johns Hopkins University The rise of shareholder capitalism: macroeconomic implications Federal Reserve Bank of Chicago |
Track T4-4: Climate and Corporate Finance Location: Classroom 150 Chair: Christoph Schiller, Ohio State University Discussant: Cynthia Yin, Cornell University Financing Investment in Electricity 1: HEC Paris; 2: Columbia; 3: Wharton |
| Track T5-4: Private Equity and Venture Capital Location: Classroom 240 Chair: Michael Ewens, Columbia University Discussant: Simon Oh, Columbia Business School Overallocated Investors and Secondary Transactions 1: University of Virginia; 2: University of Amsterdam; 3: Harvard Business School |
Track T6-4: Monetary Policy Location: Classroom 250 Chair: Nina Boyarchenko, Federal Reserve Bank of New York Discussant: Immo Schott, Federal Reserve Board The Equity Constraint Channel of Monetary Policy UIUC |
Track T7-4: Banking and Credit Intermediation Location: Classroom 260 Chair: Lu Liu, The Wharton School, University of Pennsylvania Discussant: Xu Lu, Foster School of Business - UW Earnings Information Spillovers and Depositor Contagion 1: Duke University; 2: University of Pennsylvania; 3: Hong Kong University of Science and Technology |
Track T8-4: Flows, Prices, and Institutional Investors Location: Classroom 270 Chair: Ian Appel, UVA Darden Discussant: Anna Helmke, Vanderbilt Persistence in Alphas without Persistence in Skill 1: Northern Illinois University; 2: Dartmouth College, NBER, Kepos Capital |
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| 12:15pm - 1:45pm |
Lunch with SFS Annual Meeting & Presentation of Journal Awards Location: Darden School of Business Abbott Center Dining Room |
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| 1:45pm - 2:30pm |
Track T1-5: Preferences, Experiences, and Investor Behavior Location: Classroom 120 Chair: Huseyin Gulen, Purdue University Discussant: Clifton Green, Emory University Attention Allocation and Fund Flows: Evidence from Institutional Investors 1: University of Notre Dame; 2: Monash University, Australia |
Track T2-5: Real Assets, Insurance, and Real Estate Location: Classroom 130 Chair: Amir Kermani, UC Berkeley Discussant: Ali Kakhbod, UC Berkeley Intangible Intensity 1: University of California, Los Angeles; 2: University of Michigan |
Track T3-5: Asset Pricing: Theory Location: Classroom 140 Chair: Mike Gallmeyer, UVA Discussant: Bo Sun, Darden School of Business Financial Market Fragility in the Era of AI Planning 1: The Wharton School at University of Pennsylvania; 2: Hong Kong University of Science and Technology |
Track T4-5: Climate and Corporate Finance Location: Classroom 150 Chair: Christoph Schiller, Ohio State University Discussant: Anthony Rice, Villanova University Borders Bear the Brunt: State Environmental Review and Severed Agglomerations 1: Monash University; 2: Penn State University; 3: University of Oklahoma |
| Track T5-5: Private Equity and Venture Capital Location: Classroom 240 Chair: Michael Ewens, Columbia University Discussant: Reiner Braun, Technical University of Munich Retail Capital as a Stepping Stone in Venture Capital: Theory and Empirics 1: Stockholm University; 2: Columbia Business School |
Track T6-5: Monetary Policy Location: Classroom 250 Chair: Nina Boyarchenko, Federal Reserve Bank of New York Discussant: Tim Eisert, Nova SBE What Does It Take? Quantifying Cross-Country Transfers in the Eurozone 1: Federal Reserve Bank of Saint Louis; 2: Northwestern Kellogg; 3: Boston College; 4: Stanford GSB |
Track T7-5: Banking and Credit Intermediation Location: Classroom 260 Chair: Lu Liu, The Wharton School, University of Pennsylvania Discussant: David Zhang, Rice University Pricing Power in the Mortgage Market: Evidence from GSE Fee Waivers 1: Federal Reserve Bank of Philadelphia; 2: Wharton School, University of Pennsylvania |
Track T8-5: Flows, Prices, and Institutional Investors Location: Classroom 270 Chair: Ian Appel, UVA Darden Discussant: Federico Mainardi, Columbia Business School How (Not) to Identify Demand Elasticities in Dynamic Asset Markets 1: University of Rochester; 2: University of Pennsylvania |
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| 2:30pm - 2:45pm |
Break A snack station will be available Tuesday & Wednesday from 2:15 - 3:15 PM. |
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| 2:45pm - 3:30pm |
Track T1-6: Preferences, Experiences, and Investor Behavior Location: Classroom 120 Chair: Huseyin Gulen, Purdue University Discussant: Mihai Ion, Oklahoma University Partisan Corporate Speech 1: Washington University in St. Louis; 2: Harvard Business School |
Track T2-6: Real Assets, Insurance, and Real Estate Location: Classroom 130 Chair: Amir Kermani, UC Berkeley Discussant: Christoph Herpfer, UVA Darden Going for Broker? Intermediation in Health Insurance Markets 1: Department of Economics, University of Minnesota - Twin Cities; 2: Sloan School of Management, MIT; 3: Department of Economics, DePaul University; 4: Carey School of Business, Johns Hopkins University |
Track T3-6: Asset Pricing: Theory Location: Classroom 140 Chair: Mike Gallmeyer, UVA Discussant: Burton Hollifield, Carnegie Mellon University Heterogeneous Beliefs, Asset Prices, and Business Cycles 1: UCLA; 2: Purdue; 3: PUC |
Track T4-6: Climate and Corporate Finance Location: Classroom 150 Chair: Christoph Schiller, Ohio State University Discussant: Ruidi Huang, Southern Methodist University Uncoordinated Climate Policy and Carbon Leakage: Evidence from Supply Chains 1: University of Sydney; 2: Swiss Finance Institute and University of Zurich; 3: Nova School of Business and Economics, CEPR, ECGI; 4: Swiss Finance Institute and University of St. Gallen, Norges Bank |
| Track T5-6: Private Equity and Venture Capital Location: Classroom 240 Chair: Michael Ewens, Columbia University Discussant: Oleg Gredil, Tulane University Freeman School Cash or Stock? Agency Frictions in Venture Capital Distributions Cornell University |
Track T6-6: Monetary Policy Location: Classroom 250 Chair: Nina Boyarchenko, Federal Reserve Bank of New York Discussant: Fernando Duarte, Brown University A Model of Fed Information Effect University of Wisconsin-Madison |
Track T7-6: Banking and Credit Intermediation Location: Classroom 260 Chair: Lu Liu, The Wharton School, University of Pennsylvania Discussant: Andres Shahidinejad, Northeastern University Credit Pricing, Rate Shocks, and Intermediary Discretion: An Auto Finance Field Study 1: UCLA Anderson; 2: University of Utah |
Track T8-6: Flows, Prices, and Institutional Investors Location: Classroom 270 Chair: Ian Appel, UVA Darden Discussant: Daniel Neuhann, University of Texas at Austin On the Recovery and Usage of Demand Elasticities in Dynamic Settings 1: The Ohio State University; 2: University of Illinois Urbana-Champaign; 3: University of Utah; 4: Purdue University |
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| 3:30pm - 3:45pm |
Break |
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| 3:45pm - 4:30pm |
Presidential Address and RAPS & RCFS Keynote Location: Darden School of Business Abbott Auditorium Janice C. Eberly (Kellogg School of Management, Northwestern University) |
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| 4:30pm - 6:00pm |
Reception Location: Darden School of Business South Lounge |
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