Program

Conference Sessions at a Glance

Please note date stamp on PDF program to ensure that you have most up to date version

Day 1 - Thursday 26 February

The Old Quadrangle Building (North Entrance), Building 150, The University of Melbourne Map

Time	Session
4:45pm - 5:30pm	Registration, Welcome drinks and canapes
5:30pm - 6:30pm	A Fireside Chat: The Evolution of Private and Public Markets Professor René M. Stulz, The Ohio State University Mark Burgess, Australian Retirement Trust Moderator: Professor Carole Comerton-Forde, The University of Melbourne
6:30pm - 7:30pm	A Selection of Canapes and Drinks

Day 2 - Friday 27 February

The Views, Life Saving Victoria, 200 The Boulevard, Port Melbourne VIC 3207
Map

Time

Session

9:30am – 10:00am

Registration and Morning Tea for International Women's Day

10:00am – 11:15am

Parallel Sessions I
Asset Pricing I Venue: Bayview 1&2	Household Finance Venue: Ian Potter Room	Microstructure Venue: Bayview 3
Session Chair: Neal Galpin Monash University	Session Chair: Susan Thorp Monash University	Session Chair: Carole Comerton-Forde University of Melbourne
Institutional Investors’ Subjective Risk Premia: Time Variation and Disagreement Spencer Couts University of Southern California	Socially Responsible Investing in the Political Context Marco Ceccarelli Free University (VU) Amsterdam	The Growing Index Effect in the Corporate Bond Market Sean Seungh Shin KAIST College of Business
Discussant: Mike Gallmeyer University of Virginia	Discussant: Shuang Chen University of Melbourne	Discussant: Jeff Harris American University
Macro Risk Premia and the Business Cycle Zhiwei Su Lingnan University	The Welfare Benefits of Pay-As-You-Go Financing Renping Li Tulane University	Is 24/7 Trading Better? Patrick Blonien Carnegie Mellon University
Discussant: Recardo Delao University of Southern California	Discussant: Joachim Inkmann University of Melbourne	Discussant: Bart Zhou Yueshen Singapore Management University

11:15am-11:30am

Mini Break

11:30am – 1:00pm

Keynote Address - René M. Stulz The Ohio State University

Venue: Ian Potter Room

1:00pm - 2:30pm

Lunch

2:30pm – 3:45pm

Parallel Sessions II
Asset Pricing II Venue: Bayview 1&2 Room	Private Equity Venue: Ian Potter Room	Banking Venue: Bayview 3
Session Chair: James Brugler University of Melbourne	Session Chair: Lucie Lu University of Melbourne	Session Chair: Garry Twite
Memory and Beliefs in Financial Markets: A Machine Learning Approach Zhongtian Chen University of Wisconsin-Madison	Spreading Sunshine in Private Equity: Financial Intermediation and Regulatory Oversight Yingxiang Li City University of Hong Kong	Open to All Comers: How Shifts in Supply of Deposits Affect Banks Andrew MacKinlay Louisiana State University
Discussant: Bryan Lim University of Melbourne	Discussant: Emrihan Ilhan National University of Singapore	Discussant: Kristle Romero Cortés UNSW
When Public Information Goes Private: Analyst Careers and Market Efficiency Christoph Schiller The Ohio State University	Tax Incentives and Venture Capital Risk-Taking Guilherme Junqueira University of Florida	Underwater: Strategic Trading and Risk Management in Bank Securities Portfolios James Vickery Philadelphia Federal Reserve Bank
Discussant: Kevin Tseng Chinese University of Hong Kong	Discussant: Sergio Rocha Monash University	Discussant: Mrinal Mishara University of Melbourne

3:45pm - 4:30pm

Afternoon Refreshments

4:30pm – 5:45pm

Parallel Sessions III
Gender Finance Venue: Bayview 1&2	Corporate Finance Venue: Ian Potter	Asset Pricing III Venue: Bayview 3
Session Chair: Marina Gertsberg University of Melbourne	Session Chair: Ekaterina Volkova University of Melbourne	Session Chair: Patrick Kelly University of Melbourne
The Costs of Hidden Workplace Harassment Tural Karimli Catolica Lisbon School of Business and Economics	Charitable Capital Allocation: Evidence from Private Foundations Zhongjin Lu University of Georgia	On The Drivers of Corporate Bond Lending Yancheng Qiu University of Sydney
Discussant: Runjing Lu University of Toronto	Discussant: Bruce Grundy Australian National University	Discussant: Qifei Zhu National University of Singapore
Scared Away: Credit Demand Response to Expected Motherhood Penalty in the Labor Market Sing-Sen Lam Sun Yat-Sen University	Government Investment and Q: Theory and Evidence Zhiyao Chen City University of Hong Kong	Shifting From Active to Passive: How Retirement Plans Impact Equity Prices Riccardo Sabbatucci Stockholm School of Economics
Discussant: Isaac Hacamo Indiana University	Discussant: Dun (Calvin) Jun Peking University HSBC Business School	Discussant: Shaun Davies University of Colorado

Day 3 - Saturday 28 February

The University of Melbourne - Woodward Conference Centre, Law Building, 10th Floor, 185 Pelham Street, Carlton VIC 3010
Map

Time

Session

9:00am - 9:30am

Morning Tea

Plenary Sessions - Level 10, Woodward Conference Centre

Session Chair: Federico Nardari, The University of Melbourne

9:30am - 10:45am

Corporate Liquidity Supply from Non-Bank Intermediaries and the Real Effects of Factoring

Henry Zhang CUHK Business School

Discussant: Niklas Amber Sveriges Riksbank (Central Bank of Sweden)

Bond Demand and the Yield-Exchange Rate Nexus: Risk Premium vs. Convenience Yield

Dongchen Zou Indiana University

Discussant: Pasquale Della Corte Imperial Business School, Imperial College London

10:45am-11:00am

Mini Break

11:00am -
12:30pm

Keynote Address - John M. Griffin, McCombs School of Business, The University of Texas

12:30pm - 1:30pm

Lunch

1:30pm - 1:45pm

Presentation of Awards

2:00pm - 11:00pm

Social Activity - Cape Schanck Lighthouse Reserve, Sculpture Park and Dinner in Honour of Professor Spencer Martin

The social activity is made possible by a generous donation from Elizabeth Hering, sister of the late Professor Spencer Martin. Limited spaces area available.

Depart 2:00pm	Bus departs University of Melbourne - Woodward Conference Centre
Approx 3:45pm	Arrive Cape Schanck Lighthouse Reserve
Approx 5:15pm	Arrive Pt Leo Estate Sculpture Park Wine Tasting Dinner
Depart 9:30pm	Bus departs Pt Leo Estate
Approx 10:45pm	Drop off at Southbank - Langham Melbourne
Approx 11:00pm	Drop off at University of Melbourne - Woodward Conference Centre

End of Program (Please note program is subject to change)

Conference Sessions at a Glance

Day 1 - Thursday 26 February

Day 2 - Friday 27 February

Day 3 - Saturday 28 February

Current local time inMelbourne, Australia

Current local time in
Melbourne, Australia