Program 2018

European Winter Finance Summit, March 4 – 7, 2018

Location: Hotel Crystal, St. Moritz (Switzerland)
Chairs: Kjell Nyborg (University of Zurich and SFI), Per Östberg (University of Zurich and SFI)

Sunday, March 17
17:00 - 18:00Welcome reception and introductory remarks, Kjell Nyborg (University of Zurich and SFI)
18:00 - 19:30Session 1 (Chair: Kjell Nyborg, University of Zurich and SFI)
Up-Cascaded Wisdom of the Crowd
William Cong (University of Chicago)
Discussant: John Kuong (INSEAD)
Financial Contagion in the Mutual Fund Industry
Tim Adam (Humboldt University)
Discussant: Jonathan Berk (Stanford)
Monday, March 18
08:15 - 09:00Session 2 (Chair: Kristian Miltersen, Copenhagen Business School)
Rationality and Subjective Bond Risk Premia
Paul Whelan (Copenhagen Business School)
Discussant: Philipp Illeditsch (Carnegie Mellon University)
17:00 - 19:30Session 3 (Chair: Dirk Hackbarth, Boston University)
Dynamic Bank Capital Requirements
Tetiana Davydiuk (Carnegie Mellon University)
Discussant: Julian Kolm (University of Vienna)
Did the Basel Process of Capital Regulation Enhance the Resiliency of European Banks?
Thomas Gehrig (University of Vienna)
Discussant: Jiri Woschitz (University of Zurich)
Fragile New Economy: The Rise of Intangible Capital and Financial Instability
Ye Li (The Ohio State University)
Discussant: Maria Chaderina (WU Vienna)
Tuesday, March 19
08:15 - 09:45Session 4 (Chair: Christian Laux, WU Vienna)
Nepotism in IPOs: consequences for issuers and investors
Giuseppe Pratobevera (USI and SFI)
Discussant: Dirk Jenter (London School of Economics)
Regulatory Integration of International Capital Markets
Jean-Marie A. Meier (University of Texas)
Discussant: Per Östberg (University of Zurich and SFI)
17:00 - 19:30Session 5 (Chair: Josef Zechner, WU Vienna)
Tax-Timing Options and the Demand for Idiosyncratic Volatility
Oliver Boguth (Arizona State University)
Discussant: Grigory Vilkov (Frankfurt School of Finance & Management)
Dissecting Characteristics Nonparametrically
Andreas Neuhierl (University of Notre Dame)
Discussant: Christian Heyerdahl-Larsen (London Business School)
Predictability Puzzles
Bjorn Eraker (University of Wisconsin)
Discussant: Markus Leippold (University of Zurich)
Wednesday, March 20
08:00 - 09:30Session 6 (Chair: Per Östberg, University of Zurich and SFI)
Shareholders as Creditors of First Resort
Andriy Bodnaruk (University of Illinois at Chicago)
Discussant: Christoph Wenk (University of Zurich)
TechFin at Ant Financial: Credit Market Completion and its Growth
Harald Hau (University of Geneva and SFI)
Discussant: Alexander Wagner (University of Zurich and SFI)
09:30 - 10:00Sudipto Bhattacharya Memorial Prize