Big Data and Securities Markets
Itay Goldstein, Chester S. Spatt, and Mao Ye, Organizers
December 1, 2023
Format: Presenters: 20 minutes; Discussants: 15 minutes; General Discussion: 10 minutes
| Friday, December 1 | ||||
| 8:00 am | Continental Breakfast | |||
| 8:29 am | News and Price Informativeness | |||
| 8:30 am |
Alan Kwan, Hong Kong University Tse-Chun Lin, University of Hong Kong Po-Yu Liu, National Taiwan University Managerial Learning from Decoding Noisy Stock Prices: New(s) Evidence From Billions of Internet Article Reads
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| 9:15 am |
Chukwuma Dim, George Washington University Francesco Sangiorgi, Frankfurt School of Finance and Management Grigory Vilkov, Frankfurt School of Finance and Management Media Narratives and Price Informativeness
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| 10:00 am | Break | |||
| 10:14 am | Corporate Finance | |||
| 10:15 am |
Vanessa Krockenberger, Frankfurt School of Finance & Management Anthony Saunders, New York University Sascha Steffen, Frankfurt School of Finance and Management Verhoff Paulina, Frankfurt School of Finance & Management Covenant Violations, Loan Amendments, and Financial Distress in US Publicly Listed Firms: A Machine Learning Approach
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| 11:00 am |
Luis Felipe Cabezon, Virginia Tech Gerard Hoberg, University of Southern California Leaky Director Networks and Innovation Herding
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| 11:45 am | Lunch | |||
| 12:44 pm | Mutual Funds | |||
| 12:45 pm |
Xiao Cen, Texas A&M University Winston Wei Dou, University of Pennsylvania and NBER Leonid Kogan, Massachusetts Institute of Technology and NBER Wei Wu, Texas A&M University Fund Flows and Income Risk of Fund Managers
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| 1:30 pm |
Maxime Bonelli, London Business School Thierry Foucault, HEC School of Management Displaced by Big Data: Evidence from Active Fund Managers
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| 2:15 pm | Break | |||
| 2:29 pm | Generative AI and Finance | |||
| 2:30 pm |
Andrea L. Eisfeldt, University of California, Los Angeles and NBER Gregor Schubert, University of California, Los Angeles Bledi Taska, SkyHive Miao Ben Zhang, University of Southern California Generative AI and Firm Values
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| 3:15 pm |
Manish Jha, Georgia State University Jialin Qian, Georgia State University Michael Weber, University of Chicago and NBER Baozhong Yang, Georgia State University ChatGPT and Corporate Policies
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| 4:00 pm |
Xavier Gabaix, Harvard University and NBER Ralph S. J. Koijen, University of Chicago and NBER Motohiro Yogo, Princeton University and NBER Asset Embeddings
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| 4:45 pm | Adjourn | |||