BI-SHoF Conference 2025
The Center for Asset Pricing Research at BI Norwegian Business School was hosting the 11th BI-SHoF conference on asset pricing and financial econometrics. The BI-SHoF conference is a collaboration between BI and the Swedish House of Finance alternating between Oslo and Stockholm.
This conference is an opportunity for academics from all around the world to catch up and discuss importance of new findings in asset pricing.
Each paper has 45 minutes, which are divided as follows:
- 25 minutes for the presentation,
- 15 minutes for the discussant,
- 5 minutes for the presenter to reply to the discussant, and take questions from the audience.
Program
Monday August 18
|
Session 1 |
Chair: Lovisa Reiche |
| 09:00-09:45 | Dynamic Trading: Price Intertia and Front-Running |
| Yuliy Sannikov (Stanford GBS) | |
| Discussant: Francesco Nicolai (BI) | |
| 09:45-10:30 | Corporate Bond Factors: Replication Failures and a New Framework |
| Peter Feldhütter (Copenhagen Business School) | |
| Discussant: Thomas Poulsen (BI) | |
| 10:30-11:00 | Coffee break |
|
Session 2 |
Chair: Paul Ehling |
| 11:00-11:45 | Executive Compensation and Pollution: Theory and Evidence |
| Jerome Detemple (BU Questrom) | |
| Discussant: Adam Winegar (BI) | |
| 11:45-13:00 | Lunch |
|
Session 3 |
Chair: Francesco Nicolai |
| 13:00-13:45 | Operating Leverage and Risk Premium |
| Yifan Zhu (BI) | |
| Discussant: Lorenzo Brescher (University of Lausanne) | |
| 13:45-14:30 | Intangible Capital, Firm Scope, and Growth |
| Nicolas Crouzet (Northwestern Kellogg) | |
| Discussant: Yifan Zhu (BI) | |
| 14:30-15:00 | Coffee break |
|
Session 4 |
Chair: Tobias Sichert |
| 15:00-15:45 | The Term Structure of Return Expectations |
| Cameron Peng (London School of Economics) | |
| Discussant: Lovisa Reiche (BI) | |
| 15:45-16:30 | Does Active Fund Management Add Value to Shortsale-Constrained Investors? |
| Raman Uppal (EDHEC Business School) | |
| Discussant: Stig Lundeby (BI) | |
| Dinner (by invitation) |
Monday August 19
|
Session 5 |
Chair: Paul Huebner |
| 09:00-09:45 | The Uncertainty of Machine Learning Predictions in Asset Pricing |
| Andreas Neuhierl (Purdue) | |
| Discussant: Paolo Giordani (BI) | |
| 09:45-10:30 | Aggregation, Liquidity, and Asset Prices with Incomplete Markets |
| Pablo Kurlat (USC) | |
| Discussant: Christian Heyerdahl-Larsen (BI) | |
| 10:30-11:00 | Coffee break |
|
Session 6 |
Chair: Stig Lundeby |
| 11:00-11:45 | Rethinking Volume |
| Lorenzo Brescher (University of Lausanne) | |
| Discussant: Paul Huebner (Stockholm School of Economics) | |
| 11:45-12:30 | Betting on Stocks with Options? |
| Tobias Sichert (Stockholm School of Economics) | |
| Discussant: Bjorn Eraker (University of Wisconsin) |