Conference Agenda

Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).

 
 
Session Overview
Date: Sunday, 07/Dec/2025
8:00am
-
5:00pm
Registration
8:30am
-
9:25am
SUN 1-1: Crypto and Fintech
 

Is Love Blind? AI-Powered Trading with Emotional Dividends

De-Rong Kong1, Valeria Fedyk2, Daniel Rabetti3,4

1: Yuan Ze University; 2: Arizona State University; 3: National University of Singapore; 4: Harvard Business School (visiting)

SUN 2-1: Disclosure and Transparency
 

CEO Incentives and Acquisitions: Evidence from the Pay Ratio Disclosure Mandate

Sudipto Dasgupta1,2,4, Tao Shu1,3, Yuxuan Zhu1

1: Chinese University of Hong Kong; 2: CEPR; 3: ABFER; 4: ECGI

SUN 3-1: Government
 

Government Spending and Rising Industry Stars

Roberto Gomez Cram, Yunhan Guo, Howard Kung, Luca Mecca

London Business School

SUN 4-1: Risk Factors
 

So Many Jumps, So Little News

Yacine Ait-Sahalia1, Chen Xu Li2, Chenxu Li3

1: Princeton University, USA; 2: Renmin University of China, China; 3: Peking University, China

9:40am
-
10:35am
SUN 1-2: Crypto and Fintech
 

Crypto Risk in the Financial System

Hengguo Da1, Kose John2, Ndackyssa Oyima-Antseleve3

1: SWUFE, China, People's Republic of; 2: NYU, USA; 3: CAL Poly, USA

SUN 2-2: Disclosure and Transparency
 

Unveiling the Fog of Law: Judicial Transparency and Entrepreneurship

Xing Liu, Xuan Tian, Zhiming Zhu

Tsinghua University, PBC School of Finance

SUN 3-2: Government
 

Contracting with Government: Judicial Independence and Expropriation Risk in the Capital Market

Naide Ye

Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University, China, People's Republic of

SUN 4-2: Risk Factors
 

Common Risk Factors in the Returns on Stocks, Bonds (and Options), Redux

Zhongtian Chen1, Nikolai Roussanov2, Xiaoliang Wang3, Dongchen Zou4

1: The Wharton School; 2: The Wharton School; 3: HKUST Business School, Hong Kong S.A.R. (China); 4: The Wharton School

10:50am
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11:45am
SUN 1-3: Crypto and Fintech
 

CODE-WASHING: EVIDENCE FROM OPEN-SOURCE BLOCKCHAIN STARTUPS

Ofir Gefen1, Daniel Rabetti1, Yannan Sun2, Che Zhang3

1: National University of Singapore; 2: The University of Hong Kong; 3: Tsinghua University

SUN 2-3: Disclosure and Transparency
 

Moral Hazard and the Corporate Information Environment

Dan Luo

Chinese University of Hong Kong, Hong Kong S.A.R. (China)

SUN 3-3: Government
 

Sowing Public Seeds, Reaping Private Blooms: A Q-theoretical Approach to Government Investment

Zhiyao Chen1, Ran Duchin2, Daniel Kim3

1: City University of Hong Kong, Hong Kong S.A.R. (China); 2: Boston College; 3: University of Waterloo

SUN 4-3: Risk Factors
 

Semiparametric Conditional Factor Models in Asset Pricing

Qihui Chen1, Nikolai Roussanov2, Xiaoliang Wang3

1: CUHK-Shenzhen; 2: The Wharton School; 3: HKUST Business School, Hong Kong S.A.R. (China)

11:55am
-
1:45pm
Lunch
2:00pm
-
2:55pm
SUN 5-1: Information and Trading in Financial Market
 

Inside Out: Who Trade Before the Start of Cyber Attacks?

Xi Dong1, Edward Xuejun Li1, Xintian Lin2, Xin Yuan3

1: Baruch College, City University of New York; 2: Central University of Finance and Economics; 3: Dongbei University of Finance and Economics

SUN 6-1: Inequality
 

To Grant or Not to Grant: Inventor Gender and Patent Examination Outcomes

Yuqi Gu2, Katharina Lewellen3, Connie Mao1, Yueru Qin4

1: Temple University, United States of America; 2: Willamette University; 3: Dartmouth College; 4: Nankai University

3:10pm
-
4:05pm
SUN 5-2: Information and Trading in Financial Market
 

Market Feedback: Evidence from the Horse’s Mouth

Itay Goldstein1, Bibo Liu2, Liyan Yang3

1: University of Pennsylvania; 2: Tsinghua University; 3: University of Toronto

SUN 6-2: Inequality
 

Share the gain but not the pain: Managerial rent extraction and the manager-worker pay growth gap

Jie He1, Lei Li2, Rik Sen1, Tao Shu3

1: gUniversity of Georgia, United States of America; 2: Meta Platforms Inc; 3: Chinese University of Hong Kong

4:20pm
-
5:15pm
SUN 5-3: Information and Trading in Financial Market
 

China Walls

Daniel Nathan1, Chaojun Wang2, Tomy Lee3

1: PolyU, Hong Kong S.A.R. (China); 2: The Wharton School; 3: CEU

SUN 6-3: Inequality
 

Does Digitalization Widen Labor Income Inequality?

Jilei Huang1, Yi Sun2, Jian Wang3, Liyan Yang4

1: School of Economics, Shandong University; 2: School of Economics and Management, University of Chinese Academy of Sciences; 3: School of Management and Economics, The Chinese University of Hong Kong (Shenzhen); 4: Rotman School of Management, University of Toronto