News from European Finance Association April 2024

The National Bank of Slovakia (NBS) is proud to organize the 51st?Annual Meeting of the European Finance Association. The meeting will be held from 21 through 24 August, 2024?in the heart of Bratislava, the capital of Slovakia.??Bratislava is easily accessible from the Vienna airport (45 minutes) and the Bratislava airport (10 minutes).

?

?

Registration for the conference will open in late April. More information will be available closer to the date.

Special sessions:?EFA 2024 Bratisalava will offer four special sessions organized with institutional partners:

• Bank for International Settlements (BIS) on Shifts in interest rates and financial system risks.
• European Central Bank (ECB) on Challenges for monetary policy transmission through banks and non-banks.
• National Bank of Slovakia (NBS) on Machine learning methods in finance.
• Norges Bank Investment Management (NBIM) on Understanding the long-run drivers of asset prices.

Keynote speaker: Douglas W. Diamond, 2022 Nobel Prize Laureate, Merton H. Miller Distinguished Service Professor of Finance, the University of Chicago. ?

EFA 2023 Program: Chair?Lubos Pastor

Call for Papers for Review of Finance Special Issue on Finance and Product Markets

Firms do not operate in isolation but interact within product markets. These interactions delineate the boundaries of markets, their dynamics, and the resulting intensity of competition (or the lack of it). A vast research effort over the last forty years unambiguously concludes that product market considerations have first-order effects on firms’ decisions, performance, and valuation. Firms’ decisions are not only shaped by their product market environment, but also directly impact the structure of product markets they operate within.?

Recent years have witnessed significant changes in the nature of markets, driven by various forces such as new technological developments, trade patterns, new actors, or regulatory reforms. Changing markets have caught the attention of policymakers, investors, firms, employees, and citizens as society wishes to ensure that markets are well-functioning and “fair” without concentration that adversely impacts consumers. These changes undeniably reflect new forms of competition and interactions within and across markets and naturally call for more research on the interactions between finance and product markets.??

We are launching a Special Issue of Review of Finance on Finance and Product Markets. It will be jointly guest-edited by?Laurent Frésard?(Universita della Svizzera italiana (USI), Swiss Finance Institute (SFI) and current co-editor of the Review of Finance) and?Gordon Phillips?(Dartmouth College), both of whom have worked extensively on this topic.?The submission window is from?January 15, 2024 to August 31, 2024.?

Read the latest issue of Volume 28, Issue 2, March 2024

Contents:

• Why momentum concentrates among overvalued stocks? Jack Favilukis and Terry Zhang
• Securities law precedents, legal liability, and financial reporting quality Benedikt Franke, Allen H. Huang, Reeyarn Z. Li and Hui Wang
• Measuring Climate Transition Risk Spillovers Runfeng Yang, Massimiliano Caporin and Juan-Angel Jime′ nez-Martin
• ESG shareholder engagement and downside risk Andreas G. F. Hoepner, Ioannis Oikonomou, Zacharias Sautner, Laura T. Starks and Xiao Y. Zhou
• Asset Complexity and the Return Gap Pengjie Gao, Allen Hu, Peter Kelly, Cameron Peng and Ning Zhu
• Big broad banks: how does cross-selling affect lending? Yingjie Qi
• Property rights, political connections, and corporate investment Meng Miao, Dragon Yongjun Tang, Lixin Colin Xu and Xiao Yan
• Firm financing through insider stock pledges Xiaofei Pan and Meijun Qian
• The term structure of equity yields—a bottom-up approach David Schro¨ der
• Stock repurchasing bias of mutual funds Mengqiao Du, Alexandra Niessen-Ruenzi and Terrance Odean
• The start matters: time-varying investor demand, hedge fund inceptions, and performance Lin Sun, Zheng Sun and Lu Zheng

??Read digests of the papers here...

??The?EFA Online JobMarket?is a free resource for Members. Candidates can view current?job listings here.

European Finance Association (EFA) AISBL?Rue Fossé aux Loups 38, 1000 Brussels, Belgium

?