Program for the 21st Annual Meeting of the Financial Research Association
Four Seasons Hotel, Las Vegas
Saturday, December 6, 2025
12:30 PM Pre-Meeting Coffee
1:00 PM Introductory Remarks
1:10 PM to 3:10 PM Session 1
Chairperson: Kristine Hankins
How (Not) to Identify Demand Elasticities in Dynamic Asset Markets
Authors: Jules H. van Binsbergen, Benjamin David, Christian C. Opp
Discussant/Presenter: Willie Fuchs
Boundaries of the Farm and the Death of Small Banks
Authors: Asli Uyanik
Discussant/Presenter: Jess Cornaggia
The Distributional Effect of Lending Rate Caps
Authors: Carlos Burga, Nikita Céspedes, Rafael Vivin, Diego Yamunaqué
Discussant/Presenter: Susan Cherry
3:10 PM to 3:40 PM Break
3:40 PM to 5:00 PM Session 2
Chairperson: Kimberly Cornaggia
Evaluation and Learning in R&D Investment
Authors: Alexander Frankel, Joshua Krieger, Danielle Li, Dimitris Papanikolaou
Discussant/Presenter: Wesley Yin
How Financial Conditions Affect Professional Conduct: Evidence from Opioid Prescriptions
Authors: Isil Erel, Shan Ge, Pengfei Ma
Discussant/Presenter: David Matsa
6:00 PM Wine Tasting—Rí Rá Irish Pub (+1/companion welcome)
Sunday, December 7, 2025
12:30 PM Pre-Meeting Coffee
1:00 PM to 3:00 PM Session 3
Chairperson: Abby Sussman
The “Great Reshuffling” and Entrepreneurship
Authors: Matthew Denes, Spyridon Lagaras, Margarita Tsoutsoura
Discussant/Presenter: Mike Ewens
Haven’t We Seen This Before? Return Predictions from 200 Years of News
Authors: AJ Chen, Gerard Hoberg, Miao Ben Zhang
Discussant/Presenter: Alan Moreira
Authors: Patrick Blonien, Alexander Ober
Discussant/Presenter: Chris Schwarz
3:00 PM to 3:30 PM Break
3.30 PM to 5:00 PM Session 4
Early Ideas Session
Chairperson: Mark Huson
Joey Engelberg (University of California San Diego) Social Media and Anomaly-based Mispricing
Kimberly Cornaggia (Penn State University) Demography is Destiny? University Finances and the Enrollment Cliff
Ahmed Guecioueur (University of Washington) Trust or Verify?
Zack Liu (University of Houston) See No Evil (Media)
Marina Niessner (Indiana University) Facing Default?
Debarshi Nandy (Brandeis University) Heading for a Sputnik Moment? The U.S. vs China Technology Race
6:15 PM Conference Dinner
(Conference Registrants Only)
RPM Italian, The Forum Shops at Caesars, 3500 Las Vegas Blvd S, Las Vegas