Programme
4th Corporate Policies and Asset Prices Conference, July 31 – August 1 2024, Luxembourg
Wednesday 31 July 2024
08h45 – 09h00 – Opening Words, Roberto Steri (University of Luxembourg)
09h00 – 11h50 – PAPERS SESSION “INDUSTRY DYNAMICS, MARKUPS AND INNOVATION”
- Innovation-Driven Contractions: A Key to Unravel Asset Pricing Puzzles, Gill Segal* (University of North Carolina), Chao Ying (Chinese University of Hong Kong) / Discussant: Chi-Yang Tsou (University of Manchester)
- Markup Shocks and Asset Prices, Alexandre Corhay* (Rotman School of Management), Jun E. Li (Warwick Business School) Jincheng Tong (University of Toronto / Discussant: Praveen Kumar (University of Houston)
- Coffee break
- Default Risk Linkages in a Structural Credit Model, Kristoffer Glover* (University of Technology Sydney), Jan Ericsson (McGill University), Lucie Y. Lu (University of Melbourne), Alexandre Jeanneret (UNSW Business School) / Discussant: Elisa Pazaj (University of Amsterdam)
11h50 – 13h10 – Lunch break
13h10 – 14h50 – PAPERS SESSION “SUSTAINABILITY”
- Real Effects of Carbon Financialization, Zhimin Chen (Nanyang Technological University) / Discussant: Francesca Zucchi (European Central Bank)
- How Effective are Portfolio Mandates?, Raman Uppal* (EDHEC Business School and CEPR), Jack Favilukis (UBC Sauder School of Business) Lorenzo Garlappi (UBC Sauder School of Business) / Discussant: Enrique Schroth (EDHEC Business School)
14h50 – 15h00 – Coffee break
15h00 – 16h00 – KEYNOTE SESSION
- Political Preferences and Financial Markets, Josef Zechner (Vienna University of Economics and Business)
In the case of co-authors, the presenting author is highlighted with an “ * “
Thursday 1 August 2024
09h00 – 11h50 – PAPERS SESSION “REAL FRICTIONS”
- Corporate tax avoidance, firm size, and capital misallocation, Brent Glover* (Carnegie Mellon University), Oliver Levine (University of Wisconsin–Madison) / Discussant: Juan F. Imbet (Paris Dauphine University, PSL)
- Investment, Uncertainty, and U-Shaped Return Volatilities, Kevin Schneider (University of Cambridge) / Discussant: Maria Cecilia Bustamante (R.H. Smith School of Business, University of Maryland)
- Coffee break
- Production-based Stochastic Discount Factors, Xinwei Li* (INSEAD), Frederico Belo (INSEAD) / Discussant: Paul Ehling (BI Norwegian Business School)
11h50 – 12h00 – Closing Words
12h00 – 13h30 – Closing Lunch
In the case of co-authors, the presenting author is highlighted with an “ * “