Helsinki Finance Summit 2024 Program
Helsinki Finance Summit 2024
Sunday, August 18, 2024
Original Sokos Hotel Presidentti, Adjutantti (ground floor)
| 18:00-20:00 |
WELCOME RECEPTION Opening words by Associate Professor Petri Jylhä, Chair of the Helsinki Finance Summit 2024. Food and drinks will be served. |
Monday, August 19, 2024
Aalto University School of Business, Lecture halls V001 and V002 (ground floor)
| 09:00-09:15 | COFFEE |
| 09:15-09:20 |
OPENING WORDS Timo Korkeamäki, Dean of the Aalto University School of Business |
| 09:20-10:40 |
SESSION 1: Retail Stock Trading Chair: Matthijs Lof (Aalto University) |
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Retail Trading Frenzies and Real Investment Efficiency Clifton Green (Emory University) and Russell Jame (University of Kentucky) Discussant: Valeria Fedyk (Arizona State University) |
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The Dynamics of Stock Market Participation Sigurd Mølster Galaasen (Norges Bank) and Akash Raja (Copenhagen Business School) Discussant: Claes Bäckman (University of Mannheim) |
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| 10:40-11:00 | BREAK |
| 11:00-12:20 |
SESSION 2: Behavioral Heterogeneity Chair: Matti Keloharju (Aalto University) |
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Behavioral Lock-In: Aggregate Implications of Reference Dependence in the Housing Market Cristian Badarinza (National University of Singapore), Tarun Ramadorai (Imperial College London), Juhana Siljander (Imperial College London), and Jagdish Tripathy (Bank of England) Discussant: Marta Cota (Nova School of Business and Economics) |
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Mental Models of the Stock Market Peter Andre (SAFE and Goethe University Frankfurt), Philipp Schirmer (University of Bonn), and Johannes Wohlfart (University of Copenhagen) Discussant: Samuel Hartzmark (Boston College) |
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| 12:20-13:40 | LUNCH |
| 13:40-15:00 |
SESSION 3: Targets Chair: Mikko Leppämäki (Aalto University) |
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Moving Targets Lauren Cohen (Harvard Business School) and Quoc Nguyen (DePaul University) Discussant: Vesa Pursiainen (University of St. Gallen) |
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Off Target: On the Underperformance of Target-Date Funds David Brown (University of Arizona) and Shaun William Davies (University of Colorado) Discussant: Petra Vokata (Ohio State University) |
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| 15:00-15:20 | BREAK |
| 15:20-16:40 |
SESSION 4: Risk, Return, and Growth Chair: Samuli Knüpfer (Aalto University) |
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The Return of Return Dominance: Decomposing the Cross-Section of Prices Ricardo De la O (University of Southern California), Xiao Han (Bayes Business School), and Sean Myers (University of Pennsylvania) Discussant: Paul Rintamäki (Aalto University) |
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The Subjective Risk and Return Expectations of Institutional Investors Spencer Couts (University of Southern California), Andrei Gonçalves (Ohio State University), and Johnathan Loudis (University of Notre Dame) Discussant: David Brown (University of Arizona) |
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| 19:00 |
DINNER Restaurant Garden by Olo, Helenankatu 2, Helsinki |
Tuesday, August 20, 2024
Aalto University School of Business, Lecture halls V001 and V002 (ground floor)
| 09:00-09:20 | COFFEE |
| 09:20-10:40 |
SESSION 5: Thinking about Climate Chair: Petri Jylhä (Aalto University) |
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Mental Models in Financial Markets: How Do Experts Reason About the Pricing of Climate Risk? Rob Bauer (Maastricht University), Katrin Gödker (Bocconi University), Paul Smeets (University of Amsterdam), and Florian Zimmermann (IZA and University of Bonn) Discussant: Tuomas Tomunen (Boston College) |
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Climate Transition Beliefs Marco Ceccarelli (Vrije Universiteit Amsterdam) and Stefano Ramelli (University of St. Gallen) Discussant: Christoph Huber (Aalto University) |
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| 10:40-11:00 | BREAK |
| 11:00-12:20 |
SESSION 6: Retail Option Trading Chair: Peter Nyberg (Aalto University) |
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An Anatomy of Retail Option Trading Vincent Bogousslavsky (Boston College) and Dmitriy Muravyev (Michigan State University) Discussant: Matteo Vacca (Hanken School of Economics) |
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Striking Out: Biases and Losses of Retail Option Traders Aleksi Pitkäjärvi (Vrije Universiteit Amsterdam) and Matteo Vacca (Hanken School of Economics) Discussant: Constantinos Antoniou (University of Warwick) |
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| 12:20-12:25 | CLOSING WORDS |
| 12:25 | LUNCH |
Poster Session
Presented in the conference lobby area throughout the conference.
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The Flattening Demand Curves Alireza Aghaee (Bocconi University) |
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Expectations and Attention to Experience Heiner Beckmeyer (University of Münster) and Ahmed Guecioueur (INSEAD) |
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Do Share Repurchases Increase the Value of Non-repurchasing Firms? Byungwook Kim (University of California, Irvine) |
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Nonbank Relationships and Investment Horizon Paul Rintamäki (Aalto University) |