Friday, May 19
11:45 am
Introductory Remarks
12:00 noon

Chasing Private Information

Marcin Kacperczyk, Imperial College London
Emiliano Pagnotta, Singapore Management University

Discussant:
Dong Lou, London School of Economics
1:00 pm
Lunch
2:00 pm

Efficiently Inefficient Markets for Assets and Asset Management

Nicolae B. Gârleanu, Washington University in St. Louis and NBER
Lasse H. Pedersen, Copenhagen Business School

Discussant:
Dimitri Vayanos, London School of Economics and NBER
3:00 pm
Break
3:15 pm

Institutional Investors and Information Acquisition: Implications for Asset Prices and Informational Efficiency

Matthijs Breugem, Frankfurt School of Finance and Management
Adrian Buss, INSEAD

Discussant:
Anna Pavlova, London Business School
4:15 pm
Break
4:30 pm
Panel on the Future of the Corporation
Chair: James Poterba, Masssachusetts Institute of Technology and NBER

Lynn Forester de Rothschild, E.L. Rothschild, LLC and CEO of the Coalition for Inclusive Capitalism
Colin Mayer, Univerrsity of Oxford
Dominic Rossi, Fidelity International
6:00 pm
Transportation to the Royal Society
6:45 pm
Reception and Dinner at the Royal Society
Welcome: Egil Matsen, Deputy Governor, Norges Bank
Speaker: Robert C. Merton, Massachusetts Institute of Technology and NBER
Saturday, May 20
8:00 am
Breakfast
8:30 am

Asset Insulators

Gabriel Chodorow-Reich, Harvard University and NBER
Andra C. Ghent, University of Utah
Valentin Haddad, University of California, Los Angeles and NBER

Discussant:
Bo Becker, Stockholm School of Economics
9:30 am
Break
9:45 am

Do Institutional Incentives Distort Asset Prices?

Anton Lines, Copenhagen Business School

Discussant:
Christopher Polk, London School of Economics
10:45 am
Break
11:00 am

The Relevance of Broker Networks for Information Diffusion in the Stock Market

Marco Di Maggio, Imperial College Business School
Francesco Franzoni, Swiss Finance Institute
Amir Kermani, University of California, Berkeley and NBER
Carlo Sommavilla, Swiss Finance Institute & USI

Discussant:
Péter Kondor, London School of Economics
12:00 noon
Lunch and Panel on Long-Term Returns
Chair: Monika Piazzesi, Stanford University and NBER

 Elroy Dimson, Cambridge University
 Lasse H. Pedersen, Copenhagen Business School
 Luis M. Viceira, Harvard University and NBER
1:15 pm
Break
1:30 pm

ETF Arbitrage under Liquidity Mismatch (slides)

Kevin Pan, Harvard University
Yao Zeng, University of Pennsylvania

Discussant:
Francesco Franzoni, Swiss Finance Institute
2:30 pm

Replicating Private Equity with Value Investing, Homemade Leverage, and Hold-to-Maturity Accounting

Erik Stafford, Harvard University

Discussant:
Ludovic Phalippou, University of Oxford
3:30 pm
Adjourn