Day1. July 2, 2026 (Thursday), 14:00-16:00 - PhD Consortium I
Correcting Biases in Corporate Bond Pricing Models: Risk Perception, Mispricing, and Arbitrage
Chang-shu Chung (Baruch College)
Deviations from Covered Interest Parity, Dollar Funding Pressure, and Currency Risk Premia
Yirong Wang (University of Bristol)
Rethinking the Yield Curve Using Subjective Expectations
Jieying Hu (University of Southern California)
Day1. July 2, 2026 (Thursday), 14:00-16:00 - PhD Consortium II
Silent Protest in IPO Bookbuilding: How Institutional Investors Signal Reluctance in Network Markets
Dongjoon Kim (Korea Advanced Institute of Science & Technology)
Moonseok Choi (Korea Advanced Institute of Science & Technology)
Seung Hun Han (Korea Advanced Institute of Science & Technology)
M&A as a Lottery: Probability Distortion in Market Reactions
Xiao Pan (Ulsan National Institute of Science and Technology)
Sang-Ook Shin (Ulsan National Institute of Science and Technology)
Downstream Government Support and Upstream Firm Performance
Qianru Zhang (Australian National University)
Day1. July 2, 2026 (Thursday), 14:00-16:00 - PhD Consortium II
Salient Cues of Economic Transitions in Analyst Forecasting: Evidence from the Electric Vehicle Era
Xueqing Geng (Singapore Management University)
Jarrad Harford (University of Washington)
Weikai Li (City University of Hong Kong)
Yonghao Zhai (Singapore Management University)
When Elephants Walk: Large Investor, Information Advantage and the Fragility of the Asset Market
Shiyan Wei (University of California-Irvine)
Discipline or Dysfunction? Revisiting the Role of Self-Imposed Constraints in Mutual Funds
Luis Goncalves-Pinto (UNSW)
Qiliang Xiong (UNSW)
Large Language Models and Stock Price Discovery
Jiawei Wang (University of Warwick)
Day2. July 3, 2026 (Friday), 08:30-09:40 - Parallel Session I (1-1)
Global Financialization of Commodity Markets
Wenjin Kang (University of Macau)
Ke Tang (Tsinghua University)
Ningli Wang (Shanghai University)
Shen Zhao (University of Macau)
Short-term Basis Reversal
Alberto Rossi (Georgetown University)
Yingguang Zhang (Peking University)
Yandi Zhu (Central University of Finance and Economics)
Momentum and Reversal on Short-Term Horizon: Evidence from Commodity Markets
Yiyi Ding (University of Macau)
Wenjin Kang (University of Macau)
Jianfeng Yu (Tsinghua University)
Shen Zhao (University of Macau)
Day2. July 3, 2026 (Friday), 08:30-09:40 - Parallel Session I (1-2)
The Impact of Recreational Marijuana Legalization on Financial Leverage
Yung-Hsuan Chang (National Taiwan University)
Keng-Yu Ho (National Taiwan University)
Yanzhi Wang (Center for Research in Econometric Theory and Application, National Taiwan University)
Chained Innovation: Response to Customer Covenant Violations
Shunji Mei (Adelaide University)
Srinivasan Selvam (EDHEC Business School)
Kelvin Jui Keng Tan (University of Queensland)
Inflation, Debt Overhang, and Corporate Investment
Biao Chen (Southwestern University of Finance and Economics)
Feng Jiao (University of Lethbridge)
Junjie Liu (Shanghai University of Finance and Economics)
Chuanqian Zhang (William Paterson University)
Day2. July 3, 2026 (Friday), 08:30-09:40 - Parallel Session I (1-3)
Carbon Transparency Regulation, Sustainability Preferences, and Expected Stock Returns
Dong Gil Kim (University of Texas at Austin, Rutgers University)
Laura T. Starks (University of Texas at Austin)
Sheridan Titman (University of Texas at Austin)
The Green Reallocation Paradox: Do Capital Investments Abandon Polluting Industries?
Chengwei Wang (SungkyunKwan University)
Mengyu Wang (Singapore Management University)
Hong Zhang (Singapore Management University)
Financing the Green Transition of "Brown" Sectors
Hao Liang (Singapore Management University)
Yi-Cheng Shih (National Taipei University)
Yongheng Sun (Singapore Management University)
Yao Wang (Central University of Finance and Economics)
Zhenshu Wu (Shanghai Dianji University)
Tianhao Yao (Singapore Management University)
Day2. July 3, 2026 (Friday), 08:30-09:40 - Parallel Session I (1-4)
Volatility and Under-Insurance in Economies with Limited Pledgeability: Evidence from the Frost Shock
Henry Zhang (The Chinese University of Hong Kong)
Victor Orestes (University of Pennsylvania)
Thiago Silva (Central Bank of Brazil)
Who Bears the Costs of Climate Change? Evidence from Catastrophes and Homeowners Insurance
Lin Tang (The University of Hong Kong)
Unrealized Trading Gains: Regulatory Limits to Market Elasticity
Chuck Fang (Drexel University)
Day2. July 3, 2026 (Friday), 08:30-09:40 - Parallel Session I (1-5)
Empowering Private Firms: Private Equity Buyouts and Provision of Trade Credit
Jiaman Xu (Cardiff University)
Seth Armitage (University of Edinburgh)
Yongda Liu (University of Southampton)
Testing the Quality Guarantee Theory of Trade Credit
Yang He (Fudan University)
Zilong Zhang (Zhejiang University)
Risk Management with Inventory Buybacks
Sunwoo Hwang (Korea University)
Sung Kwan Lee (The Chinese University of Hong Kong)
Day2. July 3, 2026 (Friday), 08:30-09:40 - Parallel Session I (1-6)
Are Developing Country Firms Getting the Short End of the ESG Stick?
Jairaj Gupta (University of York)
R. Shruti (Indian Institute of Management Kozhikode)
Xia Li (Aston University)
Amjad Ali(University of York)
Biodiversity Risk and Bank Loans
Jing Li (University of Wollongong)
Xiaofei Pan (University of Wollongong)
Jing Shi (Zhongnan University of Economics and Law)
Words versus Deeds: ESG Window Dressing and Firm Value
Yue Fang (Zhejiang University)
Zilong Zhang (Zhejiang University)
Huiwen Chen (Zhejiang University)
Day2. July 3, 2026 (Friday), 08:30-09:40 - Parallel Session I (1-7)
From IPO droughts to M&A rains: The effect of industry IPO inactivity on corporate acquisitions
Ruoming Yang (Renmin University)
Fenghui Lai (Huazhong University of Science and Technology)
Unexpected IPO Proceeds, Market Competition, and Growth
Hong Feng Zhang (Deakin University)
Hao Zheng (University of Leicester)
The spillover effects of management narratives for equity issuance decisions
Qing Wang (Monash University Malaysia)
Day2. July 3, 2026 (Friday), 08:30-09:40 - Parallel Session I (1-8)
Learning from Limited History: Recency Bias and Risk Aversion to Bitcoin
Yongjin Kim (University of New Mexico)
Lars-Alexander Kuehn (Carnegie Mellon University)
Common Idiosyncratic Volatility in Good Times: Pricing Evidence from Cryptocurrencies
Fenglin Wu (Shanghai Advanced Institute of Finance)
Zezhou Xu (Zhe Jiang Police College)
Masked by the Lottery: Recovering the Fundamental Price of Idiosyncratic Risk in the Cryptocurrency Market
Ming-Chen Shai (National Taiwan University)
Fuh-Yi Shang (National Chengchi University)
Meng-Lan Yueh (National Chengchi University)
Day2. July 3, 2026 (Friday), 08:30-09:40 - Parallel Session I (1-9)
Countercyclical Risk Aversion and Volatility-Managed Portfolios
Xia Xu (Nanjing University)
Optimal Portfolio With Options
Yoontae Jeon (McMaster University)
Raymond Kan (University of Toronto and Hong Kong University of Science and Technology)
Gang Li (The Chinese University of Hong Kong)
The Global Implied Volatility Surface and Common Predictability of International Equity Premia
Adlai Fisher (University of British Columbia)
Terry Zhang (Australian National University)
Day2. July 3, 2026 (Friday), 08:30-09:40 - Parallel Session I (1-10)
Currency in the Digital Age: How CBDCs Can Reshape Currency Invoicing Power
Linshan Zeng (Fujian Polytechnic Normal University)
Jonathan Batten (RMIT University)
Wei Hao (Massey University)
Martin Young (Massey University)
Optimal Communication in Banking Supervision
Jeong Ho {John} Kim (Florida State University)
Kyungmin {Teddy} Kim (Emory University)
Victoria Liu (Federal Reserve Bank of Boston)
Noam Tanner (Federal Reserve Bank of Boston)
Yield-Curve Control Policy under Inelastic Financial Markets
Seung Joo Lee (University of Oxford)
Marc Dordal i Carreras (Hong Kong University of Science and Technology)
Day2. July 3, 2026 (Friday), 13:00-14:40 - Parallel Session II (2-1)
Investor Attention and Stock Return Comovement: Evidence from the Real Estate Market
Bai-Sian Chen (Chang Gung University)
Hong-Yi Chen (National Chengchi University)
Robin K. Chou (National Chengchi University)
The Lasting Impact of Interracial Conflicts: Evidence from the Banking Markets
Dien Giau Bui (Yuan Ze University)
Hao-Wen Chang (National Yang Ming Chiao Tung University)
Iftekhar Hasan (Fordham University and the Bank of Finland)
Chih-Yung Lin (National Yang Ming Chiao Tung University)
Stefano Manfredonia (Fordham University)
House Prices, Quantities, and the Propagation of Shocks when Developers Are Imperfectly Competitive
Jack Favilukis (University of British Columbia)
Elena Pikulina (University of British Columbia)
Tianping Wu (University of British Columbia)
The Political Economy of Home Buying
Xinyu CAO (University of British Columbia)
Jinfei Sheng (University of California)
Tianping Wu (University of British Columbia)
Day2. July 3, 2026 (Friday), 13:00-14:40 - Parallel Session II (2-2)
Customer Concentration and the Labor Share: Theory and Evidence
Zijun Ding (Shandong Technology and Business University)
Jian Song (Curtin University)
Skills in Demand for the Accounting and Finance Profession: Evidence from Online Job Advertisements in Hong Kong and Singapore
Shaojun Zhang (Hong Kong Polytechnic University)
To Woke or Not: Woke Engagement and Corporate Outcomes
Khanh Hoang (Lincoln University)
Jarkko Peltomäki (Stockholm University)
Yuqian Zhang (Lincoln University)
Cuong Nguyen (Lincoln University)
Leverage and Labor: How Firm Financial Structure Shapes Wages and Job Changes under Risk Aversion
Alexander Schandlbauer (University of Southern Denmar)
Daniel Rettl (University of Georgia)
Mircea Trandafir(Rockwool Foundation)
Day2. July 3, 2026 (Friday), 13:00-14:40 - Parallel Session II (2-3)
Global News Networks and Return Predictability
Gustavo Freire (Erasmus School of Economics)
Alberto Quaini (Erasmus School of Economics)
Ali Moin (Erasmus School of Economics)
Amar Soebhag (Erasmus School of Economics, Robeco Quantitative Investing)
Limits To (Machine) Learning
Zhimin Chen (Nanyang Technological University)
Bryan Kelly (AQR Capital Management, Yale School of Management, and NBER)
Semyon Malamud (Swiss Finance Institute, EPFL, and CEPR)
Market Risk Premium: A Single Optimal Predictive Factor in High Dimension
Fuwei Jiang (Xiamen University)
Kunpeng Li (Capital University of Economics and Business)
Guoshi Tong (Fudan University)
Guofu Zhou (Washington University in St. Louis)
A Moments-Based Approach to Anomaly Forecasts and Statistical Limits to Arbitrage
Menachem Abudy (Bar Ilan university)
Guy Kaplanski (Bar Ilan university)
Day2. July 3, 2026 (Friday), 13:00-14:40 - Parallel Session II (2-4)
A Pond for Small Fish? News and Retail Trading After-Hours
Bei Cui (Monash University)
Arie Gozluklu (Australia University of Warwick)
Ozkan Haykir (Nigde Omer Halisdemir University)
Financial Market Fragility in the Era of AI Planning
Winston Dou (University of Pennsylvania and NBER)
Itay Goldstein (University of Pennsylvania and NBER)
Yan Ji (Hong Kong University of Science and Technology)
Will Human Creatives Survive Generative AI Shocks?
Jiasun Li (George Mason University)
A little chaos is good? How exchange jitter shapes high frequency trading and market quality
Alex Frino (University of Notre Dame)
Robert Gaudiosi (Macquarie University)
Vito Mollica (Macquarie University)
Lei Shi (Macquarie University)
Day2. July 3, 2026 (Friday), 13:00-14:40 - Parallel Session II (2-5)
Data-Driven Business Innovation and the Value and Performance of Conglomerate Firms
Thomas Chemmanur (Boston College)
Ang {Leo} Li (Lingnan University)
Mark Liu (University of Kentucky)
Where to Invest? Strategic Capital Allocation for Human-AI Collaboration
Du Liu (East China Normal University)
Danmo Lin (James Madison University)
The Power of Digitalization: Centralized Electronic Disclosure Systems and Corporate Dividend Payment
Xinru Zhao (Jinan University; University of Macau)
Innovation Policies and Inventors’ Productivity: Evidence from Global AI Initiatives
Leo Liu (University of Technology Sydney)
Fariborz Moshirian (University of New South Wales)
Vikram Nanda (University of Texas at Dallas)
Sheng Xu (University of New South Wales)
Day2. July 3, 2026 (Friday), 13:00-14:40 - Parallel Session II (2-6)
Barbarian or Vanguard? : Private Equity Buyout and Physician Opioid Prescription
Chen Lin (The University of Hong Kong)
Shihua Qin (Fudan University)
Xiang Shao (Lingnan University)
Jianfei Zhu (The University of Hong Kong)
Collateral Law and Enforcement Risk: Evidence from Native American Reservations
Leo Leitzinger (Goethe University Frankfurt)
The Pricing and Economic Impact of Legal Risk
Dean Ryu (University of Oxford)
Friends Seeking Influence: Identifying Commonalities in Legal Risk
Ketian Guan (Brandeis University)
Aparna Mathur (Amazon)
Anna Scherbina (Brandeis University)
Day2. July 3, 2026 (Friday), 13:00-14:40 - Parallel Session II (2-7)
Environmental Pollution and corporate credit spread
Yancheng Qiu (The University of Sydney)
Wenquan Li (Xi'an Jiaotong-Liverpool University)
The Network Foundations of Credit Counterparty Risk: Theory and Evidence
Belinda Chen (Shanghai Advanced Institute of Finance)
Jonathan Brogaard (University of Utah)
Inflation and Corporate Credit Risk: Global Evidence
Buhui Qiu (University of Sydney Business School)
Thomas To (University of Sydney Business School)
Gaiyan Zhang (University of Missouri-St. Louis)
Modeling CDS Returns
Yushan Liu (Tsinghua University)
Xinjie Wang (Southern University of Science and Technology)
Peixuan Yuan (Hong Kong Baptist University)
Day2. July 3, 2026 (Friday), 13:00-14:40 - Parallel Session II (2-8)
Firm-level Data Assets and Inorganic Growth
KE BI (University of Edinburgh)
Leonidas Barbopoulos (University of Edinburgh)
Yue Liu (University of Edinburgh)
Open Banking and Bank M&A Activity: Global Evidence
Hanyun Ding (The University of Sydney)
Ya {Daisy} Liu (The University of Sydney)
Buhui Qiu (The University of Sydney)
Eliza Wu (The University of Sydney)
Twice Sold: A Look at Resold Acquisitions and Earnings Management
Lyungmae Choi (University of Newcastle)
Shawn X. Huang (Arizona State University)
Min Kim (Sogang University)
Social Media Coverage and Strategic Alliance
Henry Leung (University of Sydney Business School)
Buhui Qiu (University of Sydney Business School)
Zhou Zhou (Zhejiang University)
Day2. July 3, 2026 (Friday), 13:00-14:40 - Parallel Session II (2-9)
Toward the Korea Premium
- Discussants:Hyo Seob Lee, Senior Research Fellow, Korea Capital Market Institute (KCMI)
Day2. July 3, 2026 (Friday), 15:10-16:50 - Parallel Session III (3-1)
Demandable Debt and Leverage Ratchet Effect
Xuyuanda Qi (New York University Shanghai)
Kostas Koufopoulos (University of Sussex)
Giulio Trigilia (University of Rochester)
Bankruptcy Judges and Creditor Rights
Yunji Kim (Seoul National University)
Yunjoo Lee (Seoul National University)
David Schoenherr (Seoul National University)
Corporate Debt Diversification: Insights from Private Firms
Ebenezer Effah (City University of Hong Kong)
Yaxuan Qi (City University of Hong Kong)
Saving Jobs, Creating Zombies: The Real Effects of Unemployment Targets
Shouyu Yao (Tianjin University)
Tingting Ma (Tianjin University)
Chunfeng Wang (Tianjin University)
Zhenming Fang (Tianjin University)
Day2. July 3, 2026 (Friday), 15:10-16:50 - Parallel Session III (3-2)
Innovation and Human Capital Adjustment in Response to Cyberattacks
Taoran Guo (Monash University)
Patents' Long-term Potentials
Ying Jiang (University of Nottingham Ningbo)
Chen Yang (University of Nottingham)
Yuxin Zhang (University of Nottingham Ningbo)
Uncovering Missing R&D: Machine Learning Insights into Innovation and Q-Theory
Xinyao HE (Nanyang Technological University)
Jun-koo Kang (Nanyang Technological University)
Hong Zhang (Singapore Management University)
Described Patents and Knowledge Diffusion between Firms
Katie Moon (University of Colorado at Boulder)
Paula Suh (University of Georgia)
Guanqun Zhou (University of Colorado at Boulder)
Day2. July 3, 2026 (Friday), 15:10-16:50 - Parallel Session III (3-3)
Say-before-Pay: How Ex-Ante Votes and Compensation Disclosure Shape Long-Term Executive Incentives
Yeejin Jang (University of New South Wales)
Jenny Jihyun Tak (University of Manchester)
Difficult but Achievable: Risk-Taking Incentive in Performance- Vested Restricted Stock Grants and Corporate Innovation
Xin Chang (Nanyang Technological University)
Ronghong Huang (University of Queensland)
Shunji Mei (University of Adelaide)
Kelvin Tan (University of Queensland)
Scratch my back, and I'll scratch yours: Analyst Connection and Entrenched CEO
Yi {Ava} Wu (Zhejiang University)
Yen-Jung {Katie} Tseng (University of York)
Minzhi {Cathy} Wu (The University of Newcastle)
Zhi-Yuan Feng (National Sun Yat-sen University)
CEO Performance Evaluation Horizons and Corporate Sustainability
Ko-Chia Yu (National Taipei University)
Chia-Ying {Sherry} Chan (National Taipei University)
Day2. July 3, 2026 (Friday), 15:10-16:50 - Parallel Session III (3-4)
Board Independence and Liquidity Discipline Around M&As After SOX
David Ding (Singapore Management University)
Hardjo Koerniadi (Auckland University of Technology)
Beyond the Ivory Tower: The “Dual Expertise” Advantage of Academic Independent Directors in Building Brand Value
Tony Chandra (National Chengchi University)
Quang-Thai Truong (National Taipei University)
Chia-Wei Huang (National Chengchi University)
Robin Chen (Yuan Ze University)
Paying for Failure: Director Compensation, Oversight Lapses, and Network Effects
Sudipto Dasgupta (The Chinese University of Hong Kong)
Yujia Shao (The Chinese University of Hong Kong)
Ying Xia (Monash University)
National Directors' Foreign Corporate Board Experience and Foreign Investments
Shibashish Mukherjee (Emlyon Business School)
Nassima Selmane (KEDGE Business School)
Niels Hermes (University of Groningen)
Day2. July 3, 2026 (Friday), 15:10-16:50 - Parallel Session III (3-5)
Survival of the Fittest: A Three-Factor Model in the Currency Market
Sining Liu (Soochow University)
Yan Wang (City University of Macau)
Lingxiao Zhao (Peking University, HSBC Business School)
Carry Trade Insights from Currency Options
George Panayotov (HKUST)
Large Moves in the Foreign Exchange Market
Alexandros Kostakis (University of Liverpool)
Brandon A. McBride (University of Cambridge)
Lucio Sarno (University of Cambridge)
Junxuan Wang (Hong Kong University of Science and Technology)
Disagreement on Fundamentals and Currency Returns
Zhenzhen Fan (University of Guelph)
Zhihao Huang (University of Manitoba)
Feng Jiao (University of Lethbridge)
Lei Lu (University of Manitoba)
Day2. July 3, 2026 (Friday), 15:10-16:50 - Parallel Session III (3-6)
The Real Effects of Public Information Supply: How Government Data Openness Mitigates Policy Uncertainty
Ge Yang (University of International Business and Economics)
Shangquan Zhang (Copenhagen Business School)
Portfolio Rebalancing by Mutual Funds in Response to Government Policy
Reena Aggarwal (Georgetown University)
Yuchen Luo (UAFS)
Shareholder Conflicts of Values and Preferences, Policy Uncertainty, and Price Gaps between Dual-Listed A- and H-Shares in China
Shantaram Hegde (University of Connecticut)
Jin Peng (University of Colorado)
Haofei Zhang (Ningbo University of Technology)
Economic Policy Uncertainty and Mutual Fund Flow Sensitivity to Alpha: International Evidence
Ihsan Badshah (Auckland University of Technology)
Sara Ali (Auckland University of Technology)
Riza Demirer (Southern Illinois University Edwardsville)
Prasad Hegde (Auckland University of Technology)
Day2. July 3, 2026 (Friday), 15:10-16:50 - Parallel Session III (3-7)
Navigating Quagmires: Regulatory Fragmentation and Cross-border Acquisitions
Zhiyao Chen (City University of Hong Kong)
Ming Gu (Xiamen University)
Hui Hu (Xiamen University)
Dongxu Li (Xiamen University)
Does the Mandatory Bid Rule Ensure Equal Treatment of Shareholders in Acquisitions? Evidence from Deal Structures and Pricing
Yong Kyu Gam (University College Dublin)
Woochan Kim (Korea University)
Yongjoon Lee (The University of Michigan)
The Cost of Antitrust and Firm Strategic Mergers and Acquisitions
Miaoyin Zhang (Central University of Finance and Economics)
Dongyang Li (Central University of Finance and Economics)
Bound by the Community Norms: Local Social Capital as an Informal Constraint on Acquisitions
Chang Suk Bae (Tulane University)
DuckKi Cho (University of Sydney)
Goeun Choi (Loyola Marymount University)
Lyungmae Choi (University of Newcastle)
Day2. July 3, 2026 (Friday), 15:10-16:50 - Parallel Session III (3-8)
Equity Trading Activity Around the World
Avanidhar Subrahmanyam (University of California Los Angeles)
Do Smart Limit Orders Powered by Algorithms Encourage Liquidity Provision?
Seongkyu {Gilbert} Park (Willamette University)
Patrik Sandas (University of Virginia)
Market Quality of Informed Trades
Wan Soo Choi (University at Buffalo)
Juha Joenväärä (Aalto University)
Dominik Rösch (University at Buffalo)
Cristian Tiu (University at Buffalo)
Order Flows in the Closing Auction: Evidence from Hong Kong Stock Market
Kalok Chan (City University of Hong Kong)
Yang Xiong (City University of Hong Kong)
Chen Yao (The Chinese University of Hong Kong)
Day2. July 3, 2026 (Friday), 15:10-16:50 - Parallel Session III (3-9)
Shareholder Engagement in Korea: Obstacles and Opportunities
-Changhwan Lee, CEO& CIO, Align Partners Capital Management
-James(Sung Yoon) Lim, Partner, Dalton Investments
Day3. July 4, 2026 (Saturday), 08:30-10:10 - Parallel Session IV (4-1)
Banks on the Block: Branch Proximity and Small Business Performance
Elliot Oh (University of Maryland)
Vojislav Maksimovic (University of Maryland)
Liu Yang (University of Maryland)
Platform Finance
Yingjie Huang (University of Amsterdam)
Bank Balance Sheet Constraints and Municipal Finance: Evidence from Current Expected Credit Losses
Jinoug Jeung (The Chinese University of Hong Kong)
Liuming Yang (The Chinese University of Hong Kong)
Day3. July 4, 2026 (Saturday), 08:30-10:10 - Parallel Session IV (4-2)
Factor Investing and the Integration of Corporate Bond and Equity Markets
Xinlei Hao (Peking University HSBC)
Xin He (University of Science and Technology of China)
Junbo Wang (City University of Hong Kong)
Yuanzhi Wang (City University of Hong Kong)
Is Greenium a Reflection of Core Inflation Risk?
Zhenyu Gao (The Chinese University of Hong Kong)
Chanik Jo (The Chinese University of Hong Kong)
Yuyi He (The Chinese University of Hong Kong)
Factor Investing in Corporate Bond Mutual Funds
Xiaoyu Sun (University of Ottawa)
Target Allocation Funds, Market Fragility, and Stock-Bond Correlation
Itay Goldstein (University of Pennsylvania)
Chuck Fang (Drexel University)
Day3. July 4, 2026 (Saturday), 08:30-10:10 - Parallel Session IV (4-3)
Superstition and Mutual Fund Flow: Evidence from the Chinese “Zodiac Year” Belief
Jie Cao (Hong Kong Polytechnic University)
Junting Liu (Fudan University)
Xintong Zhan (Fudan University)
Linyu Zhou (Central University of Finance and Economics)
When Platform Creates Dominant Metrics: Investor Demand and Portfolio Choice
Shangchen Li (University of Hong Kong)
Hongxun Ruan (Peking University)
Yijing Zheng (Peking University)
The Economics of Greenwashing Funds
Sean Cao (University of Maryland)
Yong Chen (Texas A&M University)
Han Xiao (The Chinese University of Hong Kong )
Alan Zhang (Iowa State University)
Active ETFs from Mutual Funds: Competing for Investor Flows
Linda Du (Carnegie Mellon University)
Laura Starks (University of Texas at Austin)
Mindy Xiaolan (University of Texas at Austin)
Day3. July 4, 2026 (Saturday), 08:30-10:10 - Parallel Session IV (4-4)
Put Option Trading Efficiency
Xiaolin Huo (University of International Business and Economics)
The return-volatility correlation puzzle in equity option returns
Xinfeng Ruan (Xi'an Jiaotong-Liverpool University)
Jiangda Yan (Xi'an Jiaotong-Liverpool University)
December Effect in Option Returns
Siu Kai Choy (King’s College London)
Jason Wei (University of Toronto)
Huiping Zhang (James Cook University)
The Information in Option Strike Price Introductions
Hojoon Lee (Texas Christian University)
Day3. July 4, 2026 (Saturday), 08:30-10:10 - Parallel Session IV (4-5)
Extrapolation and Market Reactions to News
Jiaxing Tian (The Chinese University of Hong Kong)
Xin Liu (University of Macau)
Xinyi Shao (Renmin University of China)
Hong Xiang (Hong Kong Polytechnic University)
Do Narratives Crowd Out Fundamentals? Retail Investors’ Response to Generative AI
Fujing Xue (Sun Yat-sen University)
Shuyang Jia (Xi’an Jiaotong University)
Xiaofeng Zhao (Lingnan University)
Nan Hu (The University of Tulsa)
Managerial Information Evasion and the Responses from Retail Investors
Dongxing Jia (Central University of Finance and Economics)
Donghui Li (Shenzhen University)
Kai Wu (Central University of Finance and Economics)
Yue Zhang (Central University of Finance and Economics)
Factor MAX and Predictable Factor Returns
Liyao Wang (Hong Kong Baptist University)
Ming Zeng (University of Gothenburg)
Day3. July 4, 2026 (Saturday), 08:30-10:10 - Parallel Session IV (4-6)
Daylight Saving Time, Lottery Stocks, and Retail Trading
Hung Do (Massey University)
Nhut H. Nguyen (Auckland University of Technology)
Quan M.P. Nguyen (University of Sussex)
When Retail Investors Strike: Return Dispersion, Momentum Crashes, and Reversals
Jiatao Liu (Xi’an Jiaotong-Liverpool University)
Yongjie Zhang (Tianjin University)
Yuntian Zhang (Tianjin University)
Shen Zhao (University of Macau)
Buy-the-Dip at the Close: Retail Trading and End-of-Day Reversals in the Korean Stock Market
Seoyeon Min (Korea Investment Management Co)
Jiwon Eo (KAIST)
Soohyun Rho (KAIST)
Jangkoo Kang (KAIST)
Day3. July 4, 2026 (Saturday), 08:30-10:10 - Parallel Session IV (4-7)
Asset Pricing with Sustainability Concerns
Jerome Detemple (Questrom School of Business)
Marcel Rindisbacher (Questrom School of Business)
The Surprising Performance of Green Retail Investors: A New (Behavioral) Channel
Sumit Agarwal (National University of Singapore)
Yanlin Bao (Singapore Management University)
Pulak Ghosh (Indian Institute of Management)
Hong Zhang (Singapore Management University)
Jian Zhang (The University of Hong Kong)
Does ESG negative screening work?
Robert Eccles (Said Business School at Oxford University)
Shiva Rajgopal (Columbia University)
Jing XIE (University of Macau)
The Impact of Carbon Reduction Talents on Corporate Carbon Emissions
Yan-Shing Chen (National Taiwan University)
Tsung-Kang Chen (National Yang Ming Chiao Tung University)
Ruo-Sin Cheng (National Taiwan University)
Yi-Chun Tsai (Soochow University)
Yong-Jyun Tu (National Taiwan University)
Day3. July 4, 2026 (Saturday), 08:30-10:10 - Parallel Session IV (4-8)
Cultural Narratives and Corporate Misconduct: Evidence from Folklores
Mao Li (Beijing Normal-Hong Kong Baptist University)
Wenxuan Hou (University of Edinburgh)
Woon Sau Leung (University of Southampton)
CEO Greed and Corporate Misconduct
Ning Tang (Jiangnan University)
Chih-Yung Lin (National Yang Ming Chiao Tung University)
Chien-Lin Lu (National Taipei University)
Quoc Nhan Nguyen (National Yang Ming Chiao Tung University)
Political Divergence and Strategic Alliance Formation
Tingting Que (University of Macau)
Miaomiao Yu (University of North Carolina at Charlotte)
Nuoyao Zong (University of Macau)
Unraveling Governance Participation Puzzles: A Field Experiment
Fujing Xue (Sun Yat-sen University)
Minghao Yan (Lingnan University)
Bohui Zhang (The Chinese University of Hong Kong)
Xiaofeng Zhao (Lingnan University)
Day3. July 4, 2026 (Saturday), 08:30-10:10 - Parallel Session IV (4-9)
Socially Coordinated Institutional Voters
Qianqian Huang (City University of Hong Kong)
Yuze Wu (City University of Hong Kong)
Incident-Driven ESG Engagement
Hao Liang (Singapore Management University)
Yongheng Sun (Singapore Management University)
Mandy Tham (Singapore Management University)
Unintended Consequences of CEO-Employee Pay Ratio Disclosure: Evidence From Shareholder Proposals
Zhaofeng Xu (Monash University Malaysia)
Motivations Behind Shareholder Proposals: Signaling or Real Changes? Evidence from ESG Issues
Chia-Hsien Lin (National Chung Cheng University)
Yenn-Ru Chen (National Chengchi University)
Day3. July 4, 2026 (Saturday), 08:30-10:10 - Parallel Session IV (4-10)
The Social Cost of Corporate Short-Term Incentives
Tao Chen (Nanyang Technological University)
Environmental-Unfriendly Tax Avoidance
Zhimin Chen (Nanyang Technological University)
Martin Jacob (IESE Business School)
Xiang Zheng (Nanyang Technological University)
Workforce Mobility and Corporate Misconduct: The Governance Effects of Noncompete Agreements
Kentaro Asai (Kyoto University)
Nhan Le (Australian National University)
Qianru Zhang (Australian National University)
Digitalization, Skill Demand, and Board Gender Diversity: Evidence from China
Wei Huang (University of Hawaii at Manoa)
Tian Gan (Nottingham University Business School China and Shenzhen University)
Xiuping Hua (Nottingham University Business School China)
Zunxin Zheng (Shenzhen University)
Day3. July 4, 2026 (Saturday), 14:10-15:50 - Parallel Session V (5-1)
Analyst Information Contagion
Zilong Niu (Southwestern University of Finance and Economics)
Dong Yan (SAIF, Shanghai Jiaotong University)
Observable Private Communication between Analysts and Corporate Insiders
Kotaro Miwa (Kyushu University)
Deepseeking Investment Value through Analyst Reports
Zilong Niu (Southwestern University of Finance and Economics)
Frank Weikai Li (City University of Hong Kong)
Guiyun Li (Southwestern University of Finance and Economics)
The Effects of Green Bonds on Analyst Forecasts around the World
Dragon Tang (University of Hong Kong)
Jiahang Zhang (University of Hong Kong)
Day3. July 4, 2026 (Saturday), 14:10-15:50 - Parallel Session V (5-2)
Emissions Reduction Potential and Early-stage Capital
Francisco Brahm (London Business School)
Xia Li (London Business School)
Claudio Rizzi (IESE Business School)
Nina Teng (London Business School)
The Role of Soft Information in Reward-based Crowdfunding: Evidence from Crowdsourced Data
Yoram Bachrach (Meta)
Omer Lev (Ben-Gurion University of the Negev)
Joshua Shemesh (Monash University)
From Failure to Innovation: Strategic Knowledge Transfer in Corporate Venture Capital
Hao Zhang (University of New South Wales)
Term Sheets or Term Loans? How Valuations Shape Financing of Venture-Backed Firms
Tereza Tykvova (University of St. Gallen)
Giang Nguyen (Macquarie University)
Hannah Nguyen (Monash University)
Day3. July 4, 2026 (Saturday), 14:10-15:50 - Parallel Session V (5-3)
Greenwashing and dynamic securities design with ESG investing
Yuqian Zhang (Guangdong University of Finance & Economics)
Jiayi Zhuo (Macau University Of Science And Technology)
Zeyu Yang (Shaanxi University of Science & Technology)
The Capital Structure of Autonomous Agents: Optimal Contracting in the Machine-to-Machine Economy
Inkee Jang (Hanyang University)
Hyoung-Goo Kang (Hanyang University)
Accounting-based Debt Covenants and Bank Private Information: Evidence from Global Air Connectivity
Jing Li (University of Hong Kong)
Yan Li (University of Hong Kong)
Zigan Wang (Tsinghua University)
Qie Ellie Yin (Sun Yat-sen University)
Do Firms Prefer An Early Resolution of Uncertainty?: A Structural Approach Using Recursive Utility
Hwagyun {Hagen} Kim (Texas A&M University)
Ju Hyun Kim (Ajou University)
Day3. July 4, 2026 (Saturday), 14:10-15:50 - Parallel Session V (5-4)
Why do firms prefer after-hours disclosure? Evidence from Japan
Huixing Jin (Tokyo Metropolitan University)
Konari Uchida (Waseda University)
Foreign Institutional Investors and Underperforming CEOs: Evidence from Chinese listed firms
Aijia Zhang (University of Glasgow)
Martin Strieborny (University of Glasgow)
Delisting Regulation, Monitoring Mutual Funds and Controlling Shareholder Tunneling
Qinqin Wu (Chongqing University of Technology)
Lingling Dai (Chongqing University of Technology)
Xiaorong Fan (Chongqing University of Technology)
Subway, Information Flow, and Stock Price Crash Risk: Evidence from China
Junbiao Yu (Shenzhen MSU-BIT University)
Jie Deng (Guangdong University of Foreign Studies)
Xiao Cheng (South China Agricultural University)
Day3. July 4, 2026 (Saturday), 14:10-15:50 - Parallel Session V (5-5)
Real Concern or False Alarm: Do Stricter Insider Selling Policies Impede Market Efficiency and Hurt Innocent Players?
Pengfei Ye (Virginia Tech)
Qingsheng Zeng (Shanghai University of Finance and Economics)
Cheng Zhang (Shanghai University of Finance and Economics)
The European Best Bid and Offer (EBBO): From Fragmented Feeds to a Consolidated Tape
Lisa Kaminski (LMU Munich)
Ralf Laschinger (LMU Munich)
Ryan Riordan (LMU Munich)
When Silicon Valley Meets Wall Street: A Theory of Financial Overengineering
Jun Aoyagi (Hong Kong University of Science and Technology)
Yuki Sato (Keio University)
Inelastic Hedging Demand and Intraday Momentum
Taeyoung Park (University of Texas at Dallas)
Feng Zhao (University of Texas at Dallas)
Day3. July 4, 2026 (Saturday), 14:10-15:50 - Parallel Session V (5-6)
Short-selling Profitability, Market Power, and Asset Pricing Anomalies
Zhi Da (University of Notre Dame)
Chengbo Fu (University of Northern BC)
Nanying Lin (Arkansas State University)
Lei Lu (University of Manitoba)
Discrete Performance Evaluation and Reference-Dependent Preferences: Evidence from the Star Rating System
Jiali Gao (University of Sydney)
Juan Yao (University of Sydney)
Stephen Satchell (University of Cambridge)
Climate Regulations and Management Earnings Forecast Errors: Evidence from State-Level Climate Adaptation Plans
Hasibul Chowdhury (The University of Queensland)
Wenbin Hu (The University of Queensland)
Anand Jha (Wayne State University)
Ideological Customer Capital: Measurement and Asset Pricing Implications
Winston Wei Dou (University of Pennsylvania and NBER)
Yan Ji (Hong Kong University of Science and Technology)
David Reibstein (University of Pennsylvania)
Di Tian (Hong Kong University of Science and Technology)
Day3. July 4, 2026 (Saturday), 14:10-15:50 - Parallel Session V (5-7)
Meet the Editor of Pacific-Basin Finance Journal
Day3. July 4, 2026 (Saturday), 16:00-17:40 - Parallel Session VI (6-1)
United States Financial Sanctions and the Surge of Chinese Lending
Daniel Berkowitz (University of Pittsburgh)
Yichen Sun (University of Macau)
Zehao Wang (University of Macau)
Sili Zhou (University of Macau)
Pyrrhic Diversification: Foreign Institutional Ownership and Stock Return Sensitivity to the Global Financial Cycle
Gene Ambrocio (Bank of Finland)
Dien Giau Bui (Yuan Ze University)
Iftekhar Hasan (Fordham University)
Chih-Yung Lin (National Yang Ming Chiao Tung University)
Cross-border Capital Allocation and Carbon Pricing Policies Around the World
Weishuo Xu (University of Sydney)
Juan Yao (University of Sydney)
Jing Yu (University of Sydney)
The Externalities of Foreign Investor Disclosure
Jiangze Bian (University of International Business and Economics)
Bing Han (University of Toronto)
Qilin Qin (Renmin University)
Jun Wang (City University of New York)
Day3. July 4, 2026 (Saturday), 16:00-17:40 - Parallel Session VI (6-2)
Business and Government Nexus: Retired Bureaucrats in Corporate Boardrooms
Manoj Raj (Deloitte)
Katsushi Suzuki (Gakushuin University)
Takeshi Yamada (Australian National University)
Revolving-Door Lawyers: Evidence on Firms’ Connections to the Environmental Protection Agency
Veljko Fotak (University at Buffalo)
Jiang Feng (University at Buffalo)
Haekwon Lee (University of Sydney)
Political Alignment and Corporate Environmental Policies
Jinjun {Ricky} Ke (University of Technology Sydney)
Alok Kumar (University of Miami)
Shiyi Zhang (University of Technology Sydney)
Day3. July 4, 2026 (Saturday), 16:00-17:40 - Parallel Session VI (6-3)
Institutional herding and a network approach to stock market crashes: International evidence
Ryuichi Yamamoto (Waseda University)
The Repurchase Effect and Asset Prices
Haiqiang Chen (Shenzhen University)
Ming Gu (Xiamen University)
Zhitao Xiong (Huaqiao University)
Jianfeng Yu (Tsinghua University)
Heterogeneous Intermediary Capital, Asset Prices, and Fire Sales
Christa Bouwman (Texas A&M University)
Hwagyun Kim (Texas A&M University)
Sang-Ook Shin (Ulsan National Institute of Science and Technology)
Financial Crisis and Political Change: China in 1910
Chen Lin (University of Hong Kong)
Chicheng Ma (University of Hong Kong)
Wanda Wang (University of Hong Kong)
Day3. July 4, 2026 (Saturday), 16:00-17:40 - Parallel Session VI (6-4)
Staying Afloat at Home: River Floods and Corporate Adaptation
Yong Huang (Zhongnan University of Economics and Law)
Jiaqi Liu (Renmin University of China)
Nianhang Xu (Renmin University of China)
Xuanying Yu (Central University of Finance and Economics)
Climate Risk Disclosures: Risk Exposure or Enhanced Transparency
Dong Ding (Hefei University of Technology)
Rui Shen (The Chinese University of Hong Kong)
Bohui Zhang (The Chinese University of Hong Kong)
Climate Policy Uncertainty on Chinese Stock Returns: Evidence from Production Network
Yuqian Wu (University of Nottingham Ningbo)
Ying Jiang (University of Nottingham Ningbo)
Zunxing Zheng (Shenzhen University)
Bruno Deschamps (University of Nottingham Ningbo)
Do oil shocks spillover more strongly to clean than dirty stocks? Evidence from the United States and China
Lam Yat Ming Eddie (Hong Kong Metropolitan University)
Day3. July 4, 2026 (Saturday), 16:00-17:40 - Parallel Session VI (6-5)
Distance-Based Metrics and Asset Pricing
Zhongzhi {Lawrence} He (Brock University)
Sahn-Wook Huh (SUNY at Buffalo)
Jun Tu (Singapore Management University)
Xi Wang (Peking University)
Beyond First-Order Bias in Predictive Regressions: Estimation, Inference, and Return Predictability
Liang Jiang (Fudan University)
Ron Kaniel (University of Rochester)
Yayi Yan (Shanghai University of Finance and Economics)
Jun Yu (University of Macau)
Conditional Expected Returns on Individual Stocks with and without Intertemporal Hedging
Fousseni Chabi-Yo (University of Massachusetts-Amherst)
Da-Hea Kim (Sungkyunkwan University)
Gang Li (The Chinese University of Hong Kong)
Day3. July 4, 2026 (Saturday), 16:00-17:40 - Parallel Session VI (6-6)
Does Stricter Disclosure Regulation of Private Meetings between Management and Investors Improve the Information Environment?
Robert Bowen (University of San Diego)
Shantanu Dutta (University of San Diego)
Songlian Tang (University of San Diego)
Pengcheng Zhu (University of San Diego)
Discerning Influence: Which Foreign Institutional Investors Shape Environmental Disclosures?
Mohak Raitani (University of Queensland, Indian Institute of Technology Delhi)
Jacquelyn Humphrey (University of Queensland)
Smita Kashiramka (Indian Institute of Technology Delhi)
Suman Neupane (University of Queensland)
When Law Hides Pay: The Unintended Consequences of the Primary Beneficiary Test for Internships
Zhe An (Monash University)
Zhaofeng Xu (Monash University)
Governance through Disclosure: The Roles of Financial Market and Firm Competition
Hao Yu (University of Macau)
Minxing Zhu (Zhejiang University)
Day3. July 4, 2026 (Saturday), 16:00-17:40 - Parallel Session VI (6-7)
When Common Owners Engage: Governance, Coordination, and Firm Value
Guodong Chen (New York University Shanghai)
Dan Li (Fudan University)
Chuangwei Peng (Fudan University)
Yu Zhou (New York University Shanghai)
Wealth Transfer Tax, Family Firm, and Corporate Investment: Evidence from Taiwan
Da-Kai Wu (Feng Chia University)
Shu-Hsien Lin (Feng Chia University)
Sunsetting Dual-Class Shares
Hao Liang (Singapore Management University)
Junho Park (Myongji University)
Wei Zhang (Singapore Management University)
The Cost of Control: Extreme Holding-Company Discounts and Limits to Arbitrage
Jungsuk Han (Seoul National University)
Woojin Kim (Seoul National University)
Shu-Feng Wang (Ajou University)
Day3. July 4, 2026 (Saturday), 16:00-17:40 - Parallel Session VI (6-8)
Do Social Security Funds Always Promote Corporate Green Innovation, Governance Substitution or Green Champions?
Xutang Liu (Qingdao University)
Jing Liao (Massey University)
Ruijiang Li (Massey University)
Yudong Zhang (Qingdao University,Harvard University)
Mimicking Finance
Lauren Cohen (Harvard Business School)
Yiwen Lu (University of Pennsylvania)
Quoc Nguyen (DePaul University)
Making the Invisible Visible: Attention Allocation of Mutual Funds
Wenli Huang ( Zhejiang University of Finance and Economics)
Linlin Ma (Peking University)
Xiaoxiao Wang (Shandong University)
Zhongwei Yao (Zhejiang University of Finance and Economics)
Will AI Replace or Enhance Human Intelligence in Asset Management?
George Aragon (Arizona State University)
Sanghyun {Hugh} Kim (Wilfrid Laurier University)
Vikram Nanda (University of Texas at Dallas)
Day3. July 4, 2026 (Saturday), 16:00-17:40 - Parallel Session VI (6-9)
Judicial Transparency, Independence, and Firm Outcomes
Nishant Kashyap (Indian Institute of Management Ahmedabad)
Ashirbad Mishra (Indian School of Business)
Prasanna Tantri (Indian School of Business)
Judicial Specialization, Litigation Advantage, and High-tech Entry: Evidence from China’s Intellectual Property Lawsuits
Ni Qin (Huazhong University of Science and Technology)
Qiyao Wang (Huazhong University of Science and Technology)
Hai Ding (Peking University)
Dongmin Kong (Huazhong University of Science and Technology)
United We Speak: Antidumping Investigations and Intra-industry Disclosure Coordination
Omrane Guedhami (University of South Carolina)
Qiang Wu (Hong Kong Polytechnic University)
Cheng Zeng (Hong Kong Polytechnic University)
Yangyi Zhang (Hong Kong Polytechnic University)
Unveiling the Fog of Law: Judicial Transparency and Entrepreneurship
Xing Liu (Tsinghua University)
Xuan Tian (Tsinghua University)
Zhiming Zhu (Tsinghua University)
Day3. July 4, 2026 (Saturday), 16:00-17:40 - Parallel Session VI (6-10)
Social Transmission of Consumption
Zhenyu Gao (The Chinese University of Hong Kong)
Bing Han (University of Toronto)
Chanik Jo (The Chinese University of Hong Kong)
Zhecheng Luo (The Chinese University of Hong Kong)
Risk of Internal vs. External Learning: Evidence from Diffused Errors in the Medical Device Market
Po-Hsuan Hsu (National Tsing Hua University)
Kyungran Lee (NEOMA Business School)
Katie Moon (University of Colorado at Boulder)
Seungjoon Oh (Peking University, HSBC Business School)
Director Network Shocks and the Cost of Equity Capital: Evidence from China
Jia Li (University of Sussex)
Qiyu Zhang (University of Sussex)
Ding Chen (University of Birmingham)
Jun Gu (Shenzhen University)
Co(de)nnection: Developer Networks and Digital Asset Resilience
Zhiheng He (Renmin University of China)
Huiyi Litan (Renmin University of China)
