2025 Program

Thursday morning, Sep 11

Session 1 

• The Commerical Real Estate Ecosystem
  Ralph Koijen (Chicago), Neel Shah (Columbia), Stijn Van Nieuwerburgh (Columbia)*
  Discussant: Marco Giacoletti (Notre Dame)

• The Unintended Consequences of Rebalancing
  Campbell Harvey (Duke), Michele Mazzoleni (Captial Group), Alessandro Melone (Ohio State)*
  Discussant: Kent Daniel (Columbia)
• Unauthorized Immigration and Local Government Finances
  Jess Cornaggia (Penn State), Kimberly Cornaggia (Penn State), Ryan Israelsen (Michigan State)*
  Discussant: Shai Bernstein (Harvard)

Session 2 

• The Effect of Annuities on Longevity
  Borja Larrain (Pontificia Universidad Catolica de Chile), Alessandro Previtero (Indiana), Felipe Severino (Dartmouth)*
  Discussant: Joey Engelberg (UCSD)
• Housing Is the Financial Cycle: Evidence from 100 years of Local Building Permits
  Gustavo Cortes (Florida)*, Cameron Lapoint (Yale)
  Discussant: Elena Loutskina (Virginia)

Friday Morning, Sep 12

Session 3 

• Financially Sophisticated Firms: A Demand-Based Approach to Corporate Financing
  Lira Mota (MIT)*, Kerry Siani (MIT)
  Discussant: Malcom Baker (Harvard)
• Voting on Public Goods: Citizens vs. Shareholders
  Robin Döttling (Erasmus), Doron Levit (Washington), Nadya Malenko (Boston College)*, Magdalena Rola-Janicka (Imperial College)
  Discussant: Brent Hickman (WUSTL)
• Evaluation and Learning in R&D Investment
  Alex Frankel (Chicago), Joshua Krieger (Harvard), Danielle Li (MIT)*, Dimitris Papanikolaou (Northwestern) 
  Discussant: Gustavo Manso (UC Berkeley)

Session 4 

• Equity Valuation Without DCF
  Thummim Cho (Korea University), Christopher Polk (LSE)*, Robert Rogers (LSE)
  Discussant: Carter Davis (Ohio State)
• Some Anonymous Options Trades Are More Equal than Others
  Xing Huang (WUSTL), Philippe Jorion (UC Irvine), Christopher Schwarz (UC Irvine)*
  Discussant: Taisiya Sikorskaya (Chicago)

* presenter