Asset Reclassification and Mutual Fund Flows

Nicolas Bollen, Veronika Pool, Alexey Vasilenko

Owen Graduate School of Management, Vanderbilt University

The Hidden Cost of Stock Market Concentration: When Funds Hit Regulatory Limits

Lubos Pastor, Taisiya Sikorskaya, Jinrui Wang

University of Chicago

Does Sustainable Investing Weaken Stock Reactions to Cash Flow News?

Steffen Hitzemann¹, Alaia An Qin², Stanislav Sokolinski³, Andrea Tamoni⁴, Yuanyuan Xiao⁵

1: University of Houston; 2: Rutgers Business School; 3: Michigan State University; 4: University of Notre Dame; 5: Shanghai University of Finance and Economics

Persistence in Alphas without Persistence in Skill

Sina Ehsani¹, Juhani Linnainmaa²

1: Northern Illinois University; 2: Dartmouth College, NBER, Kepos Capital

How (Not) to Identify Demand Elasticities in Dynamic Asset Markets

Jules van Binsbergen², Benjamin David², Christian Opp¹

1: University of Rochester; 2: University of Pennsylvania

On the Recovery and Usage of Demand Elasticities in Dynamic Settings

Carter Davis¹, Mahyar Kargar², Jiacui Li³, Dejanir Silva⁴

1: The Ohio State University; 2: University of Illinois Urbana-Champaign; 3: University of Utah; 4: Purdue University

Does Corporate Production of AI Innovation Create Value?

Ali Ahmadi¹, Ambrus Kecskes¹, Roni Michaely², Phuong-Anh Nguyen³

1: Schulich School of Business at York University; 2: HKU Business School and ECGI; 3: School of Administrative Studies at York University

Financial Technologies, Labor Markets, and Wage Inequality: Evidence from Instant Payment Systems

Jacelly Cespedes¹, Carlos Burga², Carlos Parra², Bernardo Ricca³

1: University of Minnesota; 2: Pontifical Catholic University of Chile, Chile; 3: Insper, Brazil

How Good is Generative AI Personal Financial Advice?

Taha Choukhmane¹, Tim de Silva², Weidong Lin¹, Matthew Akuzawa¹

1: MIT Sloan; 2: Stanford GSB

Hidden Medical Debt and Consumer Access to Credit

Elena Loutskina, Joonsung Won

University of Virginia

FinTech Brings a Bias from Psychology Labs to a Two-trillion-dollar Market

Hongjun Yan¹, Zhengwei Wang², Yulai Yuan³, Xiaole Qiu², Jia Xiang², Yaqing Xiao⁴, Erik Davidson⁵

1: DePaul University; 2: Tsinghua University; 3: Xuanyuan Insurance Agency Co., Ltd; 4: Capital University of Economics and Business; 5: Baylor University

Why Do Firms Engage in Open-Source Software Development?

Kevin Mei

UT Austin

Productivity Enables Security: The Economics of Blockchain Settlement

Campbell Harvey¹, Kose John², Fahad Saleh³

1: Duke University; 2: NYU Stern School of Business; 3: University of Florida

The Value of Contingent Liquidity from Banks to Nonbank Financiers

Chi {Clara} Xu

The Wharton School of the University of Pennsylvania

Deposit Competition Beyond Rates

Matteo Benetton¹, Ben Hebert², Tim McQuade³

1: Berkeley Haas; 2: Stanford GSB; 3: Berkeley Haas

Bank Opacity and Deposit Rates

Ana Babus¹, Maryam Farboodi², Gabriela Stockler³

1: Washington University in St. Louis & CEPR; 2: MIT Sloan, NBER & CEPR; 3: Universitat Pompeu Fabra & BSE

Strategic Bankruptcy and Corporate Negligence

Samuel Antill¹, Xu Tian², Toni Whited³

1: Harvard Business School; 2: University of Georgia; 3: University of Michigan

How Do Government Guarantees Affect Deposit Supply?

Thomas Flanagan¹, Edward Kim², Shohini Kundu³, Amiyatosh Purnanandam⁴

1: The Ohio State University; 2: University of Michigan; 3: UCLA; 4: University of Texas at Austin