Theme

With the development of new technologies like artificial intelligence, cloud computing, and blockchain, and the emergence of alternative data like social media data, textual data, and ESG data, a revolution is taking place in financial research. New technologies and new data not only provide us a broader perspective of financial research but also increase the knowledge and understanding of finance in academia and industry. Therefore, based on the cutting-edge research in finance, this symposium aims to arouse thinking and discussion, which promote academic exchanges and cooperation.

Symposium Chair

Wenfeng Wu

Shanghai Jiao Tong University

Symposium Vice Chair

Yun Feng

Shanghai Jiao Tong University

Program Chair

Ran Chang

Shanghai Jiao Tong University

Organizations

Antai College of Economics and Management (ACEM), Shanghai Jiao Tong University boasts a rich history and tradition which dates back to the Business School of Nan Yang Public School founded in 1903. ACEM is dedicated to educate economic and management talents with international competencies. It promotes scientific and academic innovation, caters to economic and social development, and supports the growth of business. After over 30 years’ unremitting efforts, ACEM has established itself as a modern business school with a good reputation home and abroad, and the first business school in mainland China to have been triply accredited by AACSB, EQUIS and AMBA, the three largest and most influential business school accreditation associations in the world.

Agenda

08:50-09:00	Welcome Speech
09:00-09:30	Paper 1: Central Bank Digital Currency and Banking: Macroeconomic Benefits of a Cash-Like Design Jonathan Chiu, Bank of Canada Mohammad Davoodalhosseini, Bank of Canada Presenter: Jonathan Chiu Bank of Canada Discussant: Ke Tang Tsinghua University
09:30-10:00	Paper 2: Staking, Token Pricing, and Crypto Carry Lin William Cong, Cornell University Zhiheng He, Tsinghua University Ke Tang, Tsinghua University Presenter: Ke Tang Tsinghua University Discussant: Jonathan Chiu Bank of Canada
10:00-11:00	Keynote Speech：Measuring the quantity and value of the average investor’s private information Philip Bond, University of Washington Speaker:Philip Bond University of Washington

08:00-08:30	Paper 3: Market Feedback: Evidence from the Horse’s Mouth Itay Goldstein, University of Pennsylvania Bibo Liu, Tsinghua University Liyan Yang, University of Toronto Presenter: Liyan Yang University of Toronto Discussant: Claire Hong Shanghai Jiao Tong University
08:30-09:00	Paper 4: Are Foreign Investors Informed? Trading Experiences of Foreign Investors in China Christian T. Lundblad, University of North Carolina at Chapel Hill Donghui Shi, Fudan University Xiaoyan Zhang, Tsinghua University Zijian Zhang, Tsinghua University Presenter: Xiaoyan Zhang Tsinghua University Discussant: Jiekun Huang University of Illinois at Urbana-Champaign
09:00-09:30	Paper 5: Uncertainty and the Beta Anomaly Zhiqi Cao , Shanghai Jiao Tong University Wenfeng Wu , Shanghai Jiao Tong University Youchang Wu, University of Oregon Presenter: Youchang Wu , University of Oregon Discussant: Xintong Zhan , Fudan University
09:30-10:00	Paper 6: Informed Voting Meng Gao , University of Connecticut Jiekun Huang , University of Illinois at Urbana-Champaign Presenter: Jiekun Huang University of Illinois at Urbana-Champaign Discussant: Youchang Wu University of Oregon
10:00-11:00	Keynote Speech：Mutual Fund Performance at Long Horizons Hendrik Bessembinder, Arizona State University Michael J. Cooper , University of Utah Feng Zhang , Southern Methodist University Speaker: Hendrik Bessembinder, Arizona State University
16:00-16:30	Paper 7: Video Sentiment and Stock Returns Around the World Ran Chang , Shanghai Jiao Tong University Lin Peng, City University of New York and Cambridge University Presenter: Lin Peng City University of New York and Cambridge University Discussant: Joel Peress INSEAD
16:30-17:00	Paper 8: Uncertainty about What’s in the Price Joel Peress, INSEAD Daniel Schmidt, HEC Paris Presenter: Joel Peress, INSEAD Discussant: Lin Peng, City University of New York and Cambridge University

08:00-08:30	Paper 9: Collateral Reallocation Jason Roderick Donaldson, Washington University in St. Louis and CEPR Denis Gromb, HEC Paris Giorgia Piacentino, Columbia University Presenter: Giorgia Piacentino, Columbia University Discussant: Yizhou Xiao, Chinese University of Hong Kong
08:30-09:00	Paper 10: Blockchain without Crypto? Linking On-Chain Data Growth to Firm Fundamentals and Stock Returns Ran Chang, Shanghai Jiao Tong University Lin William Cong, Cornell University Presenter: Lin William Cong, Cornell University Discussant: Donghwa Shin, University of North Carolina at Chapel Hill
09:00-09:30	Paper 11: Directors’ Disaster Experience and Corporate Environmental Performance Qianqian Huang, City University of Hong Kong Feng Jiang, University at Buffalo Yuhai Xuan, University of California, Irvine Xunan Zhou, City University of Hong Kong Presenter: Yuhai Xuan, University of California, Irvine Discussant: Kelly Shue, Yale University
09:30-10:00	Paper 12: “Potential” and the Gender Promotion Gap Alan Benson, University of Minnesota Danielle Li, Massachusetts Institute of Technology Kelly Shue, Yale University Presenter: Kelly Shue, Yale University Discussant: Hongyu Shan, China Europe International Business School and Fordham University
10:00-10:10	Closing Remarks

Theme

Symposium Chair

Wenfeng Wu

Symposium Vice Chair

Yun Feng

Program Chair

Ran Chang

Organizations

Agenda

Speakers

Hendrik Bessembinder

Philip Bond

Practical Information

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