Program for the 18th Annual Meeting of the Financial Research Association

Vdara Hotel & Spa
Vinoly Grand Ballroom

Saturday, December 10, 2022

12:00 PM Pre-Meeting Coffee

12:20 PM Introductory Remarks

12:30 PM to 1:50 PM Session 1
Chairperson: Sam Hartzmark

Stakes and Investor Behaviors
Authors: Pengfei Sui and Baolian Wang
Discussant/Presenter: Rawley Heimer

Investor Memory and Biased Beliefs: Evidence from the Field
Authors: Zhengyang Jiang, Hongqi Liu, Cameron Peng and Hongjun Yan
Discussant/Presenter: Kelly Shue

1:50 PM to 2:20 PM Break

2:20 PM to 3:40 PM Session 2
Chairperson: Kristine Hankins

Safety Nets, Credit, and Productive Activity: Evidence from a Guaranteed Income Program for Small Entrepreneurs
Author: Pulak Ghosh and Nishant Vats
Discussant/Presenter: Emily Williams

Student Debt and Labor Market Trajectories
Authors: Menaka Hampole
Discussant/Presenter: Emily Gallagher

3:40 PM to 4:10 PM Break

4:10 PM to 5:30 PM Session 3
Chairperson: Todd Gormley

Anomaly or Possible Risk Factor? Simple-To-Use Tests
Authors: Benjamin Holcblat, Abraham Lioui and Michael Weber
Discussant/Presenter: Shri Santosh

Causal Effect of Information Costs on Asset Pricing Anomalies
Authors: Yong Hyuck Kim, Zoran Ivković and Dmitriy Muravyev
Discussant/Presenter: David McLean

6:00 PM Wine Tasting — Rí Rá Irish Pub at The Shoppes at Mandalay Place (+1/companion welcome)

Sunday, December 11, 2022

12:30 PM Pre-Meeting Coffee

1:00 PM to 3:00 PM Session 4
Chairperson: Jennifer Blouin

Intermediary Balance Sheets and the Treasury Yield Curve
Author: Wenxin Du, Benjamin Hébert, and Wenhao Li
Discussant/Presenter: Tim Landvoigt

Sustainability or Greenwashing: Evidence from the Asset Market for Industrial Pollution
Author: Ran Duchin, Janet Gao and Qiping Xu
Discussant/Presenter: Matt Ringgenberg

The “Actual Retail Price” of Equity Trades
Authors: Christopher Schwarz, Brad Barber, Xing Huang, Philippe Jorion and Terrance Odean
Discussant/Presenter: Chris Jones

3:00 PM to 3:30 PM Break

3.30 PM to 5:00 PM Session 5
Early Ideas Chairperson: Mark Huson

Seth Pruitt (ASU) “Industry Portfolios and Cash Flows”

Ryan Lewis (Colorado) “The Private Market Value of Levees”

Kelly Shue (Yale) “Counterproductive Impact Investing”

Chong Shu (Utah) “Examining Political Bias in Social Science Research: A Revealed Preference Approach”

Aazam Virani (Arizona) “Political Risk and Firm Value: Evidence from Ruth Bader Ginsburg’s Death”

Adam Tejs Jørring (Boston College) “Who Benefits from Financial Data? A Trade-off between Credit Access and Price Discrimination ”

6:15 PM Conference Dinner— Smith & Wollensky (The Grand Canal Shoppes, 3377 South Las Vegas Boulevard), Conference Registrants Only