Program

Thursday, June 6, 2024

Executive Learning and Conference Center Executive Dining Room and Alessi Courtyard, 710 E. University Ave

 6:00 p.m. | Welcome Reception 

Friday, June 7, 2024

Stephen M. Ross School of Business, 701 Tappan Ave, R2210

7:30 – 8:40 a.m. | Breakfast, Executive Dining Room

8:00 – 8:55 a.m. | Registration, R2210

9:00 a.m. | Welcome from Edward J. Frey Dean of Business, Sharon Matusik

Session 1: Forecasting and the Risk-Return Tradeoff
Chair: Shane Miller, University of Michigan

9:05 – 10:45 a.m. |
“Beyond Arbitrage: Deviations from the Risk-Return Tradeoff,” Benjamin Holcblat, University of Luxembourg, Abraham Lioui, EDHEC Business School, Michael Weber, University of Chicago
Discussant: Shane Miller, University of Michigan

“Complexity in Factor Pricing Models,” Antoine Didisheim, University of Melbourne, Shikun Ke, Yale University, Bryan Kelly, Yale University, Semyon Malamud, EPFL.
Discussant: Mirela Sandulescu, University of Michigan

10:45 – 11:05 a.m. | Morning Break

11:05 – 11:55 a.m. |
“What Drives Booms and Busts in Value?” John Y. Campbell, Harvard University, Stefano Giglio, Yale University, Christopher Polk, London School of Economics
Discussant: Ravi Bansal, Duke University

Lunch and Keynote Speech, Corner Commons
12 p.m. – 1:30 p.m. 

Stefan Nagel, University of Chicago, "Leaning against inflation experiences."

Session 2: ESG and Factor Pricing
Chair: Kunal Sachdeva, Rice University

2:00 – 3:40 p.m. |
“How Effective are Portfolio Mandates?” Jack Favilukis, University of British Columbia, Lorenzo Garlappi, University of British Columbia, Raman Uppal, EDHEC Business School.
Discussant: Ric Colacito, The University of North Carolina at Chapel Hill

“A Factor Framework for Cross-Sectional Price Impacts,” Yu An, Johns Hopkins University, Yinan Su, Johns Hopkins University, Chen Wang, University of Notre Dame
Discussant: Fotis Grigoris, University of Iowa. 

3:40 – 4:00 p.m. | Afternoon Break

4:00 – 4:50 p.m. |
“The Cost of ESG Investing,” Laura Lindsey, Arizona State University, Seth Pruitt, Arizona State University, Christopher Schiller, Arizona State University
Discussant: Fahiz Baba-Yara, Indiana University

6:00 p.m. | Reception and Dinner. Michigan Stadium, Regents Guest Area

Saturday, June 8, 2024

Stephen M. Ross School of Business, 701 Tappan Ave, R2210

7:30 – 8:40 a.m. | Breakfast, Executive Dining Room

Session 3: Valuing Firms
Chair: Mirela Sandulescu, University of Michigan

9:00 – 10:40 a.m. |
“Valuation Fundamentals,” Paul H. Décaire, Arizona State University, John R. Graham, Duke University
Discussant: Marco Sammon, Harvard University

“Payout-Based Asset Pricing,” Andrei S. Gonçalves, The Ohio State University, Andreas Stathopoulos, The University of North Carolina at Chapel Hill
Discussant: Erik Loualiche, University of Minnesota

10:40 – 11:00 a.m. | Morning Break

11:00 – 11:50 a.m. |
“The Labor Impact of Generative AI on Firm Values,” Andrea L. Eisfeldt, UCLA Anderson, Gregor Schubert, UCLA Anderson, Miao Ben Zhang, University of South Carolina
Discussant: Maryam Farboodi, MIT

12:00 p.m. | Lunch

To view a PDF of the program, click here.