2025 PROGRAM

SUNDAY, MAY 4, 2025

18:00 - DINNER (by invitation)

MONDAY, MAY 5, 2025

8:00-9:00 - BREAKFAST

9:00-10:00 - Subjective Beliefs

The Subjective Belief Factor
Tingyue Cui (U Pennsylvania)
Ricardo De la O (U Southern California)
Sean Myers (U Pennsylvania)
Discussant: Shrihari Santosh (U Maryland)

Learning, Subjective Beliefs, and Time-Varying Preferences for Different Inflation Ranges
Mohammad Ghaderi (U Kansas)
Sang Byung Seo (U Wisconsin)
Ivan Shaliastovich (U Wisconsin)
Discussant: David Schreindorfer (Michigan State U)

10:00-10:30 - BREAK

10:30-11:30 - Real Economy & Foreign Exchange

Currency Return Dynamics: What Is the Role of U.S. Macroeconomic Regimes?
Guanhao Feng (City U HK)
Jingyu He (City U HK)
Junye Li (Fudan U)
Lucio Sarno (Cambridge U)
Qianshu Zhang (City U HK)
Discussant: Andreas Neuhierl (Washington U)

Monetary Policy Transmission through the Exchange Rate Factor Structure
Erik Loualiche (U Minnesota)
Alexandre Reggi Pecora (Virginia Tech U)
Fabricius Somogyi (Northeastern U)
Colin Ward (U Alberta)
Discussant: Tony Zhang (Federal Reserve Board)

11:30-11:45 - INTERMITTENT BREAK

11:45-12:45 - Green Capital & Investments

Do Production Frictions Affect the Impact of Sustainable Investing?
Cynthia Yin (Ohio State U, PhD Student)
Discussant: Kai Li (Peking U)

Corporate Misconduct and the Capital Allocation of Prosocial Investors
Stefano Pegoraro (U Notre Dame)
Emanuele Rizzo (ESADE)
Rafael Zambrana (U Notre Dame)
Discussant: Sumudu Watugala (Indiana U)

12:45-14:15 - LUNCH

14:15-15:15 - Novel Evidence of Informed Trading

Detecting Informed Trade by Corporate Insiders
Patrick Blonien (Carnegie Mellon U)
Alan Crane (Rice U)
Kevin Crotty (Rice U)
Discussant: Chao Jiang (U South Carolina)

Informed Trading under the Microscope: Evidence from 30 Years of Daily Hedge Fund Trades
Jingi Ha (Soongsil U)
Yuehua Tang (U Florida)
Jianfeng Hu (Singapore Management U)
Discussant: George Aragon (Arizona State U)

15:15-15:30 - INTERMITTENT BREAK

15:30-16:30 - Impact of Disclosure Frequency

Disclosing Share Repurchase More Frequently?
Mao Ye (Cornell U)
Feng Zhang (Southern Methodist U)
Jason Zou (Cornell U)
Discussant: Thomas Chemmanur (Boston C)

The Welfare Implication of Information Disclosure Frequency
Wen Chen (Texas Tech U)
Yajun Wang (Baruch C)
Discussant: Chester Spatt (Carnegie Mellon U)

16:30-17:00 - REFRESHMENTS & ADJOURN