Current Program
The Thirty-second Annual Utah Winter Finance Conference will be held February 9-11, 2023. The opening reception begins Wednesday evening, February 8th. The location is the beautiful Cliff Lodge at Snowbird.
Wednesday February 8th
Opening Reception in the Golden Cliff/Eagles Nest: 6:30 p.m. Dinner (Drinks begin at 6:00 p.m.)
Thursday February 9th
Continental Breakfast 7:00-7:30 am
Session I: Corporate Finance - Thursday 7:30-9:15 am
Session Chair: Brett Green (Washington)
Catching Outliers: Committee Voting and the Limits of Consensus when Financing Innovation
Authors: Audrey Malenko (Michigan), Ramana Nanda (Imperial College), Matthew Rhodes-Kropf (MIT) and Savitar Sundaresan (Imperial College)
Discussant: Huseyin Yildirim (Duke)
Authors: Yunzhi Hu, (UNC), Felipe Varas (Duke) and Chao Ying (CUHK)
Discussant: Peter DeMarzo (Stanford)
Light Snacks and Drinks: 5:00-5:45 pm
Session II: International Finance and Arbitrage - Thursday 5:45-7:30 pm
Session Chair: Lubos Pastor (Chicago)
International Capital Markets and Wealth Transfers
Authors: Magnus Dahlquist (Stockholm), Christian Heyerdahl-Larsen (Indiana), Anna Pavlova (LBS), and Julien Penasse (Luxembourg)
Discussant: Adrian Vendelhan (MIT)
Authors: Eduardo Dávila (Yale), Daniel Graves (Yales) and Cecilia Parlatore (NYU)
Discussant: Stavros Panageas (UCLA)
Dinner in the Golden Cliff/Eagles Nest: 8:00 pm Dinner (Drinks begin at 7:30)
Friday February 10th
Continental Breakfast: 7:00-7:30 am
Session III: Beating the Market- Friday 7:30-9:15 am
Session Chair: Martin Lettau (Berkeley)
Virtue of Complexity in Return Prediction
Authors: Bryan Kelly (Yale), Semyon Malamud (EPFL), and Kangying Zhou (Yale)
Discussant: Andreas Neuhierl (Wash U)
Book-to-Market, Mispricing, and the Cross-Section of Corporate Bond Returns
Authors: Sohnke Bartram (Warwick), Mark Grinblatt (UCLA), and Yoshio Norzawa (Toronto)
Discussant: Jonathan Berk (Stanford)
Light snacks and drinks: 5:00-5:45 pm
Session IV: Transaction Costs - Friday 5:45-7:30 pm
Session Chair: Adriano Rampini (Duke)
The “Actual Retail Price” of Equity Trades
Authors: Brad Barber (UC Davis), Xing Huang (Wash U), Philippe Jorion (UC Irvine),
Terrance Odean (UC Berkeley), and Chris Schwarz (UC Irvine)
Discussant: Chester Spatt (CMU)
Machine Learning and the Implementable Efficient Frontier
Authors: Bryan Kelly (Yale), Theis Jensen (Copenhagen), Semyon Malamud (EPFL), and
Lasse Pedersen (Copenhagen)
Discussant: Martin Lattau (Berkeley)
Dinner in Golden Cliff/Eagles Nest: 8:00 pm Dinner (Drinks begin at 7:30)
Saturday February 11th
Continental Breakfast: 7:00-7:30 am
Session V: Banking - Saturday 7:30-9:15 am
Session Chair: James Dow (LBS)
Bank Loan Markups and Adverse Selection
Authors: Mehdi Beyhaghi (FED - Richmond), Cesare Fracassi (Texas), and Gregory Weitzner (McGill)
Discussant: Raghuram Rajan (Chicago)
Bank Competition amid Digital Disruption: Implications for Financial Inclusion
Authors: Erica Xuewei Jiang (USC), Gloria Yang Yu (Singapore), and Jinyuan Zhang (UCLA)
Discussant: Richard Stanton (Berkeley)
Closing Reception/Dinner in the Twin Peaks Room, Level 10: 6:30 pm (Drinks begin at 6:00 pm)
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