Thursday, December 3
Meeting format: Authors, 20 minutes; discussants, 15 minutes; general discussion, 10 minutes.
10:55 am
Welcome
11:00 am

Who Benefits from Robo-advising? Evidence from Machine Learning

Alberto G. Rossi, Georgetown University
Stephen Utkus, University of Pennsylvania

Discussant:
Tarun Ramadorai, Imperial College London
11:45 am

Man vs. Machine Learning: The Term Structure of Earnings Expectations and Conditional Biases (slides)

Jules H. van Binsbergen, University of Pennsylvania and NBER
Xiao Han, Bayes Business School, City, University of London
Alejandro Lopez-Lira, University of Florida

Discussant:
Bryan T. Kelly, Yale University and NBER
12:30 pm
Break
1:00 pm

How to Talk When a Machine is Listening: Corporate Disclosure in the Age of AI

Sean Cao, University of Maryland
Wei Jiang, Emory University and NBER
Baozhong Yang, Georgia State University
Alan L. Zhang, Florida International University

Discussant:
Lauren Cohen, Harvard University and NBER
1:45 pm

Life Cycles of Firm Disclosures

AJ Yuan Chen, University of British Columbia
Gerard Hoberg, University of Southern California
Vojislav Maksimovic, University of Maryland

Discussant:
René M. Stulz, The Ohio State University and NBER
2:30 pm
Break
3:00 pm

The Value of Differing Points of View: Evidence from Financial Analysts' Geographic Diversity

William C. Gerken, University of Kentucky
Marcus O. Painter, Saint Louis University

Discussant:
Christina Zhu, University of Pennsylvania
3:45 pm

Stock-Specific Price Discovery from ETFs (slides)

Thomas Ernst, University of Maryland

Discussant:
Maureen O'Hara, Cornell University
4:30 pm
Adjourn
Friday, December 4
11:00 am

Does Big Data Improve Financial Forecasting? The Horizon Effect

Laurent Fresard, University of Lugano and SFI
Thierry Foucault, HEC School of Management
Olivier Dessaint, INSEAD

Discussant:
Laura Veldkamp, Columbia University and NBER
11:45 am

Imprecise and Informative: Lessons from Market Reactions to Imprecise Disclosure

J. Anthony Cookson, University of Colorado
Katie Moon, University of Colorado
Joonki Noh, Case Western Reserve University

Discussant:
Kathleen Hanley, Lehigh University
12:30 pm
Break
1:00 pm

True Cost of Immediacy (slides)

Terrence Hendershott, University of California at Berkeley
Dan Li, Federal Reserve Board of Governors
Dmitry Livdan, University of California, Berkeley
Norman Schurhoff, University of Lausanne

Discussant:
Hendrik Bessembinder, Arizona State University
1:45 pm

Vestigial Tails? Floor Brokers at the Close in Modern Electronic Markets

Dermot Murphy, University of Illinois at Chicago
Edwin Hu, University of Virginia School of Law

Discussant:
Joel Hasbrouck, New York University
2:30 pm
Break
3:00 pm

The Anatomy of Trading Algorithms

Tyler Beason, Virginia Tech
Sunil Wahal, Arizona State University

Discussant:
Gideon Saar, Cornell University
3:45 pm

The Good, the Bad, and the Ugly: How Algorithmic Traders Impact Institutional Trading Costs

Talis Putnins, University of Technology, Sydney
Joseph Barbara, Australian Securities and Investments Commission

Discussant:
Charles M. Jones, Columbia University
4:30 pm
Adjourn