Preliminary Program

Summer Institute of Finance Conference

July 11 - 12, 2022
(All Times Refer to Beijing Time, GMT +8)

Virtual

 Day One. Monday, July 11. 8:00AM - 1:00PM

Welcome and Opening Remarks
8:00AM - 8:05AM

Hong Yan, Deputy Dean for Faculty and Research, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University

Session 1: Corporate Decision Making under Constraints
8:05AM - 9:35AM

Session Chair: Gordon Phillips, Dartmouth College

8:05AM – 8:50AM
The Shadow Cost of Collateral
Guangqian Pan,University of Sydney
Zheyao Pan,Macquarie University
Kairong Xiao,Columbia University
Presenter: Kairong Xiao, Columbia University
Discussant: Yueran Ma, University of Chicago

8:50AM - 9:35AM
How Does Declining Worker Power Affect Investment Sensitivity to Minimum Wage?
Sreedhar T. Bharath,Arizona State University
Duckki Cho,Peking University
Michael Hertzel,Arizona State University
Presenter: Duckki Cho, Peking University
Discussant: Hernan Ortiz-Molina, University of British Columbia

Break: 9:35AM - 9:45AM

Session 2: Pricing Polar Assets on the Risk Spectrum
9:45AM - 11:15AM

Session Chair: Kewei Hou, The Ohio State University

9:45AM - 10:30AM
Value Premium, Network Adoption, and Factor Pricing of Crypto Assets
Lin William Cong,Cornell University
G. Andrew Karolyi,Cornell University
Ke Tang,Tsinghua University
Weiyi Zhao,Tsinghua University
Presenter: Lin William Cong, Cornell University
Discussant: Amin Shams, The Ohio State University

10:30AM - 11:15AM
The Convenience Yield, Inflation Expectations, and Public Debt Growth
Zhiyu Fu,University of Chicago
Jian Li,Columbia University
Yinxi Xie,Bank of Canada
Presenter: Yinxi Xie, Bank of Canada
Discussant: Thien Nguyen, The Ohio State University

Break: 11:15AM - 11:30AM

Session 3: Peer Effects: Conflicting vs Complementing
11:30AM - 1:00PM

Session Chair: Yongxiang Wang, The Chinese University of Hong Kong, Shenzhen

11:30AM – 12:15PM
Social Ties and Peer Effects in Crowdfunding Markets
Lin Peng, City University of New York
Linyi Zhang, The Chinese University of Hong Kong, Shenzhen
Presenter: Linyi Zhang, The Chinese University of Hong Kong, Shenzhen
Discussant: Li An, Tsinghua University

12:15PM -1:00PM
Conflicts in Private Family Firms
Janis Berzins, BI Norwegian Business School
Alminas Zaldokas, Hong Kong University of Science and Technology
Presenter: Alminas Zaldokas, Hong Kong University of Science and Technology
Discussant: Frank Yu, China Europe International Business School

 Day Two. Tuesday, July 12. 8:00AM - 1:00PM

Session 4: Anomalous Asset Pricing
8:00AM - 9:30AM

Session Chair: Gurdip Bakshi, Temple University

8:00AM - 8:45AM
Closing Pressure, Predatory Trading, and the Negative Oil Price
Yiqing Ge, Tsinghua University
Wenjin Kang, Shanghai University of Finance and Economics
Ke Tang, Tsinghua University
Liyan Yang, University of Toronto
Presenter: Ke Tang, Tsinghua University
Discussant: Wei Zhou, Tulane University

8:45AM - 9:30AM
Extrapolation and Risk-Return Trade-offs
Qi Liu, Peking University
Zhiwei Su, Tsinghua University
Huijun Wang, Auburn University
Jianfeng Yu, Tsinghua University
Presenter: Zhiwei Su, Tsinghua University
Discussant: Jinming Xue, Southern Methodist University

Break: 9:30AM - 9:45AM

Session 5: Individual Decision Making under Fintech Adoptions
9:45AM - 11:15AM

Session Chair: Zhiguo He, University of Chicago

9:45AM - 10:30AM
Mind the App: Mobile Access to Financial Information and Consumer Behavior
Yaron Levi, University of Southern California
Shlomo Benartzi, University of California, Los Angeles
Presenter: Yaron Levi, University of Southern California
Discussant: Bohui Zhang, The Chinese University of Hong Kong, Shenzhen

10:30AM - 11:15AM
FinTech Adoption and Household Risk-Taking
Claire Yurong Hong, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University
Xiaomeng Lu, Fudan University
Jun Pan, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University
Presenter: Claire Yurong Hong, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University
Discussant: Xin Zou, Hong Kong Baptist University

Break: 11:15AM - 11:30AM

Session 6: Debt Financing Structure: Lenders vs Instruments
11:30AM - 1:00PM

Session Chair: Hong Yan, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University

11:30AM - 12:15PM
The Cost of Intermediary Market Power for Distressed Borrowers
Winston Wei Dou, University of Pennsylvania
Wei Wang, Queen’s University
Wenyu Wang, Indiana University
Presenter: Winston Dou, University of Pennsylvania
Discussant: Zhongzhi Song, Cheung Kong Graduate School of Business

12:15PM - 1:00PM
Monetary Policy, Debt Structure and Credit Reallocation
Yuchen Chen, University of Minnesota
Presenter: Yuchen Chen, University of Minnesota
Discussant: Jun Li, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University