Program 2022

European Winter Finance Summit, March 20 – 23, 2022

Location: Hotel Alex, Zermatt, Switzerland
Chair: Kjell Nyborg (University of Zurich and SFI)

S U N D A Y, March 20
17:00Welcome reception in the Lobby-Bar
18:00 - 19:30Session 1 - Chair: Kjell Nyborg (University of Zurich and SFI)
18:00 - 18:45The Impact of Impact Investing
Jonathan Berk (Stanford University)
Discussant: Bjorn Eraker (Wisconsin School of Business )
18:45 - 19:30Does Socially Responsible Investing Change Firm Behavior?
Matthew Ringgenberg (University of Utah)
Discussant: Kornelia Fabisik (Frankfurt School of Finance & Management)
20:00Dinner
M O N D A Y, March 21
08:00 - 09:30Session 2 - Chair: Stefan Bogner (WU Vienna University of Economics and Business)
08:00 - 08:45The Mortgage-Cash Premium Puzzle
Ross Valkanov (University of California San Diego)
Discussant: Zexi Wang (Lancaster University)
08:45 - 09:30Dynamic Banking and the Value of Deposits
Ye Li (The Ohio State University)
Discussant: Thomas Dangl (Vienna University of Technology)
17:00 - 19:30Session 3 - Chair: Josef Zechner (WU Vienna University of Economics and Business)
17:00 - 17:45What Moves Equity Markets? A Term Structure Decomposition for Stock Returns
Andrei Goncalves (University of North Carolina at Chapel Hill)
Discussant: Adrien d'Avernas (Stockholm School of Economics)
17:45 - 18:30Firm Characteristics and Stock Price Levels: a Long-Term Discount Rate Perspective
Yixin Chen (University of Rochester)
Discussant: Greg Vilkov (Frankfurt School of Finance & Management)
18:30 - 18:45Coffee, snacks and light refreshments in the Lobby-Bar
18:45 - 19:30Foreign bias in equity portfolios: Informational advantage or familiarity bias?
Ian Cooper (London Business School)
Discussant: Giorgia Simion (Vienna University of Economics and Business)
20:00Dinner
T U E S D A Y, March 22
08:00 - 09:30Session 4 - Chair: Thomas Geelen (Copenhagen Business School)
08:00 - 08:45Collateral and Secured Debt
Adriano Rampini (Duke University)
Discussant: Christian Laux (Vienna University of Economics and Business)
08:45 - 09:30Evergreening
Pascal Paul (Federal Reserve Bank of San Francisco)
Discussant: Kristian Miltersen (Copenhagen Business School)
16:15 - 16:45Coffee, snacks and light refreshments in the Lobby-Bar
17:00 - 18:30Session 5 - Chair: Patrick Bolton (Columbia University and Imperial College)
17:00 - 17:45Intraday Liquidity and Money Market Dislocations
Quentin Vandeweyer (University of Chicago)
Discussant: Georgy Chabakauri (London School of Economics)
17:45 - 18:30Hedge funds and the Treasury cash-futures disconnect
Jay Kahn (U.S. Department of the Treasury)
Discussant: Jiri Woschitz (University of Zurich)
19:15 - 20:15Transfer
20:15Fondue Dinner
W E D N E S D A Y, March 23
08:15 - 09:45Session 6 - Chair: Stefan Pichler (WU Vienna University of Economics and Business)
08:15 - 09:00Dealer Networks and the Cost of Immediacy
Thomas Kjær Poulsen (BI Norwegian Business School)
Discussant: Avi Wohl (Tel Aviv University - Coller School of Management)
09:00 - 09:45Decentralized Exchanges
Alfred Lehar (University of Calgary)
Discussant: Per Östberg (University of Zurich and SFI)
09:50 - 10:15Sudipto Bhattacharya Memorial Prize