Theme

With the development of new technologies like artificial intelligence, big data analysis, and blockchain, and the emergence of alternative data like social media data, textual data, and ESG data, a revolution is taking place in financial research. New technologies and new data not only provide us a broader perspective of financial research but also increase the knowledge and understanding of finance in academia and industry. Therefore, based on the cutting-edge research in finance, this symposium aims to arouse thinking and discussion, which promote academic exchanges and cooperation.

Symposium Chair

Wenfeng Wu
Shanghai Jiao Tong University

Symposium Vice Chair

Yun Feng
Shanghai Jiao Tong University

Program Chair

Ran Chang
Shanghai Jiao Tong University

Organizations

Antai College of Economics and Management (ACEM), Shanghai Jiao Tong University boasts a rich history and tradition which dates back to the Business School of Nan Yang Public School founded in 1903. ACEM is dedicated to educate economic and management talents with international competencies. It promotes scientific and academic innovation, caters to economic and social development, and supports the growth of business. After over 30 years’ unremitting efforts, ACEM has established itself as a modern business school with a good reputation home and abroad, and the first business school in mainland China to have been triply accredited by AACSB, EQUIS and AMBA, the three largest and most influential business school accreditation associations in the world.

Agenda

Day 1 Day 2 Day 3
07:40-08:00 Welcome Speech
08:00-08:30 Paper 1: Predictable Price Pressure
Samuel M. Hartzmark, University of Chicago
David H. Solomon, Boston College
Presenter: Samuel Hartzmark University of Chicago
Discussant: Christopher Jones University of Southern California
08:30-09:00 Paper 2: Nowcasting firms’ fundamentals: Evidence from the cloud
Ran Chang, Shanghai Jiao Tong University
Zhi Da, University of Notre Dame
Presenter: Ran Chang Shanghai Jiao Tong University
Discussant: Samuel Hartzmark University of Chicago
09:00-09:30 Paper 3: Option Momentum
Steven L. Heston, University of Maryland
Christopher S. Jones, University of Southern California
Mehdi Khorram, Louisiana State University
Shuaiqi Li, London School of Economics
Haitao Mo, Louisiana State University
Presenter: Christopher Jones University of Southern California
Discussant: Jie Cao The Chinese University of Hong Kong
09:30-09:45 Break Time
09:45-10:15 Paper 4: Asset Pricing with Panel Trees Under Global Split Criteria
Xin He, City University of Hong Kong
Lin William Cong, Cornell University
Guanhao Feng, City University of Hong Kong
Jingyu He, City University of Hong Kong
Presenter: Lin Will Cong Cornell University
Discussant: Alberto Rossi Georgetown University
10:15-10:45 Paper 5: Policymakers’ Uncertainty
Anna Cieslak, Duke University
Stephen Hansen, Imperial College London
Michael McMahon, University of Oxford
Song Xiao, London School of Economics
Presenter: Anna Cieslak Duke university
Discussant: Nan Li Shanghai Jiao Tong University
10:45-11:15 Paper 6: Goal Setting and Saving in the FinTech Era
Antonio Gargano, University of Houston
Alberto G. Rossi, Georgetown University
Presenter: Alberto Rossi Georgetown University
Discussant: Sean Cao Georgia State University
17:00-18:00 Keynote Speech:The Big Tech Lending Model
Wei Xiong, Princeton University
Speaker: Wei Xiong Princeton University

Speakers

Wei Jiang

Arthur F. Burns Professor of Free and Competitive Enterprise Columbia Business School, Columbia University Vice President, Society for Financial Studies

Wei Jiang is Arthur F. Burns Professor of Free and Competitive Enterprise in the Finance Division at Columbia Business School. She is also a Scholar-in-Residence at Columbia Law School, a Senior Fellow at the Program on Corporate Governance at Harvard Law School, and a Research Associate of the NBER—Law and Economics. Professor Jiang received her B.A. and M.A. in international economics from Fudan University (China), and Ph.D. in economics from the University of Chicago in 2001 after which she joined Columbia Business School. Professor Jiang is a leading scholar in corporate governance; in particular, she pioneered research in hedge fund activism. She has published extensively in top economics, finance, and law journals. She received numerous awards for research excellence, including the Smith-Breeden Distinguished Paper Prize from the Journal of Finance and the Michael J. Brennan Best Paper Award from the Review of Financial Studies, as well as the best paper prizes from the Western Finance Association, Chicago Quantitative Alliance, UK Inquire, the Q-Group, and the IRRC Institute. She served as an associate editor at the Journal of Finance and served on the editorial boards of Review of Financial Studies. Previously she was a Finance Department Editor at Management Science.

Nikolai Roussanov

Moise Y. Safra Professor of Finance
The Wharton School, University of Pennsylvania
Co-Editor, Journal of Financial Economics

Nikolai Roussanov is the Moise Y. Safra Professor of Finance at the Wharton School, University of Pennsylvania, and Research Associate at the National Bureau of Economic Research. His research focuses on areas of interaction between asset pricing and macroeconomics, ranging from equity to fixed income, currency, and commodity markets, to entrepreneurship and consumer financial behavior. His articles have been published in the Journal of Finance, the Quarterly Journal of Economics, the Journal of Financial Economics, the Review of Financial Studies, and Management Science. He currently is the co-editor of Journal of Financial Economics and a research associate of the National Bureau of Economic Research. Professor Roussanov received Ph.D. in Finance from The University of Chicago Graduate School of Business and A.B. Magna Cum Laude in Mathematics from Harvard University. He served as an editor at the Review of Asset pricing Studies and served on the editorial boards of Journal of Finance, Journal of Monetary Economics, and Management Science. He was the president of Macro Finance Society. His paper “Commodity Trade and the Carry Trade: a Tale of Two Countries” received the AQR Insight Award in 2015 and the Jacobs-Levy Equity Management Center Prize in 2016.

Wei Xiong

Trumbull-Adams Professor of Finance and Professor of Economics Department of Economics and Bendheim Center for Finance, Princeton University Co-Editor, Journal of Finance

Wei Xiong is Trumbull-Adams Professor of Finance and Professor of Economics in the Department of Economics and Bendheim Center for Finance, Princeton University. His research interests center on capital market imperfections and behavioral finance. He has published in top economics and finance journals on a wide range of research topics, such as speculative bubbles, asset pricing with heterogeneous beliefs, asset market contagion, limited investor attention, nonstandard investor preferences, rollover risk and other financing frictions faced by firms. His current research interests focus on financialization of commodity markets, belief distortions in the recent financial crisis, and China’s financial markets. He has received various awards, including 2012 Smith Breeden Award (first prize) for the best non-corporate finance paper published in Journal of Finance and 2013 NASDAQ OMX Award for the best asset pricing paper presented in Western Finance Association Meetings. He received his Ph.D. in finance from Duke University in 2001 and B.S. in physics from University of Science and Technology of China in 1993. He is a research associate of the National Bureau of Economic Research and had been the finance editor of Management Science in 2009-2011.

Wei Jiang

Arthur F. Burns Professor of Free and Competitive Enterprise

Nikolai Roussanov

Moise Y. Safra Professor of Finance

Wei Xiong

Trumbull-Adams Professor of Finance and Professor of Economics

Practical Information

Previous Review

Antai College of Economics and Management, Shanghai Jiao Tong University
No. 1954 Huashan Rd, Pao Zhao-Long Library, Shanghai 200030 P.R.China
Email:sffs@acem.sjtu.edu.cn