2024 Applied Finance Conference
10 May 2024 | St. John's University, New York, NY
The Twelfth Annual FMA Applied Finance Conference will be hosted at St. John’s University’s Tobin College of Business's Manhattan campus (101 Astor Place, New York, NY 10003) located in the heart of New York City’s most vibrant neighborhoods.
The Conference is much smaller and more focused than the FMA’s traditional meetings and includes a relatively small number of papers to provide ample opportunity for presentations and discussion by participants. FMA seeks high-quality papers from scholars and practitioners in the fields of finance and accounting that:
- Inform practice and advance the frontiers of academic research in directions relevant to practice.
- Address issues that are relevant to contemporary issues globally and for policy formation and assessment.
- Introduce new hypotheses that have the potential to stimulate additional research.
Program Co-Chairs
Mikael Bergbrant, Associate Professor of Finance Reed-McDermott Professor
St. John's University
Jason Berkowitz, Associate Professor and Department Chair
St. John's University
Betty Simkins, Regents Professor of Finance, Head, Department of Finance, Williams Companies Chair of Business & Professor of Finance
Oklahoma State University
  
Conference Registration
Online registration is no longer available. Please contact FMA here to register for the conference! The registration fee is $125.
Conference Program
The conference venue is St. John's University, 101 Astor Place, New York, NY 10003
| Conference Registration & Continental Breakfast |
8:00 am - 8:30 am
Main entrance in front of security desk
|
|
Session 1 - Anomalies & Return Predictability
Chairperson: Danling Jiang, Stony Brook University
|
8:30 am - 10:15 am
Room 203
|
The Double-edged Sword of Data Mining: Implications on Asset Pricing and Information Efficiency
Shikun (Barry) Ke, Yale School of Management |
A Factor Framework for Cross-Sectional Price Impacts
Yu An, Johns Hopkins University
Yinan Su, Johns Hopkins University
Chen Wang, University of Notre Dame |
Sources of Return Predictability
Beata Gafka, Western University
Pavel Savor, DePaul University
Mungo Wilson, Oxford University |
|
Discussant
Majeed Simaan, Stevens Institute of Technology
|
Discussant
Mohammadreza (Aref) Bolandnazar, Baruch College
|
Discussant
Charlie Clarke, NC State University
|
|
Practitioner Insights
Joseph Ali, Founder & CEO, Straight Outta Wall Street
|
|
Session 2 - Financial Institutions & Monetary Policy
Chairperson: Wenchu Li, St. John's University
|
8:30 am - 10:15 am
Room 210
|
Lending in the Shadows: Shadow Bank Financial Fragility and Mortgage Credit
Yu Shan, Syracuse University |
Measuring Interest Rate Risk Management by Financial Institutions
Celso Brunetti, Federal Reserve Board
Nathan Foley-Fisher, Federal Reserve Board
Stéphane Verani, Federal Reserve Board |
The Equity Channel of Monetary Policy
Heitor Almeida, University of Illinois Urbana-Champaign
Timothy Johnson, University of Illinois Urbana-Champaign
Sebastiao Oliveira, University of Illinois Urbana-Champaign
Yucheng Zhou, University of Illinois Urbana-Champaign |
|
Discussant
Brian Clark, Rensselaer Polytechnic Institute
|
Discussant
Priyank Gandhi, Rutgers University
|
Discussant
Ram Yamarthy, Federal Reserve Board
|
|
Practitioner Insights
Warren Kornfeld, Senior Vice President, Financial Institutions Group
Moody's Investors Service
|
| Coffee Break |
10:15 am - 10:30 am
1st Floor Hallway
|
| Session 3 - Panel Session
Building the Bridge between Industry and Academia
|
10:30 am - 12:00 noon
Rooms 105 & 106
|
|
Moderator
Nonna Sorokina, Assistant Professor of Finance
Penn State University
Panelists
Gretta Kellogg, Director of Strategic Initiatives of Institute of Computational and Data Sciences and Assistant Director
Center for Applications of Artificial Intelligence and Machine Learning to Industry, Penn State University
Vikrant Rai, Senior Vice President & Manager, Residential Secondary/Capital Markets
First National Bank of Pennsylvania
Stan Uryasev, Professor & Frey Family Endowed Chair of Quantitative Finance
Stony Brook University
   
|
| Keynote Address |
12:00 noon - 1:00 pm
Rooms 105 & 106
|
|
Dr. Scott Bauguess, VP Global Regulatory Policy 
Coinbase
Dr. Scott Bauguess is VP Global Regulatory Policy at Coinbase, a position responsible for consultations with regulatory authorities that oversee the banking and financial market sectors worldwide, including global standard setting organizations. He previously served as the Deputy Director of the Division of Economic and Risk Analysis at the U.S. Securities and Exchange Commission, where he supervised economic analyses of recommendations to enact federal rules related to capital raising, investment management, broker dealers, market structure, and derivative securities. Dr. Bauguess most recently was a member of the finance faculty in the McCombs School of Business at the University of Texas at Austin and held a teaching appointment in the University of Michigan Law School.
He received a B.Sc. in Electrical Engineering from the University of Illinois and M.Sc. in Electrical Engineering and Ph.D. in Finance from Arizona State University.
|
| Luncheon |
1:00 pm - 2:00 pm
Rooms 105 & 106
|
|
Session 4 - Panel Session
Private Credit
|
2:00 pm - 3:30 pm
Rooms 105 & 106
|
|
Moderator
Jason Berkowitz, Associate Professor and Department Chair
St. John's University
Panelists
David Glazek, Managing Partner, Sunago Capital
Adjunct Professor, Columbia University
Andrew MacDonald, Vice President
Moody's Investors Service
Matthew Taranto, Senior Vice President Investments
Everest Reinsurance Company
  
|
| Coffee Break |
3:30 pm - 3:45 pm
1st Floor Hallway
|
|
Session 5 - Anomalies, Regulation & Profitability
Chairperson: Andrew Schwartz, Seton Hall University
|
3:45 pm - 5:30 pm
Room 203
|
The Double-Edged Sword of the 2020 European Short-Selling Bans
Dimitris Papadimitriou, King's College London
Pasquale Della Corte, Imperial College London
Robert Kosowski, Imperial College London
Nikolaos Rapanos, Imperial College London |
End of an era: The coming long-run slowdown in corporate profit growth and stock returns
Michael Smolyansky, Federal Reserve Board |
Time-Varying Anomaly Premia: Stable Fact or Disappearing Act?
Niels Groenborg, Aarhus University
Chun-Wei Lin, Virginia Tech
Bradley Paye, Virginia Tech
Alan Timmermann, University of California San Diego |
|
Discussant
Padma Kadiyala, Pace University
|
Discussant
Jacqueline Garner, Georgia Institute of Technology
|
Discussant
Andrey Ermolov, Fordham University
|
|
Practitioner Insights
Hady Farag, Partner & Director, Boston Consulting Group
|
|
Session 6 - Climate Risk & AI
Chairperson: Balbinder Singh Gill, Stevens Institute of Technology
|
3:45 pm - 5:30 pm
Room 210
|
Does Foreign Institutional Capital Promote Green Growth for Emerging Market Firms?
Sophia Chiyoung Cheong, ESSCA School of Management
Jaewon Choi, University of Illinois Urbana-Champaign
Sangeun Ha, Copenhagen Business School |
Inattention to the Coming Storm? Rising Seas and Sovereign Risk
Atreya Dey, University of Edinburgh |
From Transcripts to Insights: Uncovering Corporate Risks Using Generative AI
Alex Kim, University of Chicago
Maximilian Muhn, University of Chicago
Valeri Nikolaev, University of Chicago |
|
Discussant
Yijun Zhou, Baruch College
|
Discussant
Cihan Uzmanoglu, Binghamton University SUNY
|
Discussant
Raisa Velthuis, Villanova University
|
|
Practitioner Insights
Victor Flores, Managing Partner, Snowwater Investment Partners, Inc.
|
Presenting authors appear in bold.
Please note: Session room locations subject to change.
| Reception |
5:30 pm - 6:30 pm
1st Floor Lobby
|
Paper Submissions
The paper submission deadline was Thursday, 1 February 2024. We are no longer accepted submissions. Decision letters were sent on 27 March 2024. Please contact FMA here if you have not received your decision letter.
Click here to read the Call For Papers.
#FMAAFC2024 - Follow the Conversation
During the conference, use the hashtag #FMAAFC2024 to follow the conversation on X (Twitter) (@finmgmtassoc) and Facebook (www.facebook.com/FMA.org).
THANK YOU to our sponsors:
Conference Sponsor
Founded in 1870, St. John’s University is a Catholic and Vincentian university that prepares students for ethical leadership roles in today’s global society.
St. John’s has four campuses—Queens, Staten Island, and Manhattan in New York, and Rome, Italy. The University also has three academic locations—Hauppauge, New York; Paris, France; and Limerick, Ireland. Students come to St. John’s from 46 states and 127 countries. The University offers more than 100 associate, bachelor’s, master’s, and doctoral degree programs in the arts, business, education, law, pharmacy, and the natural and applied sciences. Students benefit from academic service, learning activities, extensive global studies opportunities, an alumni network of over 180,000, and 17 NCAA, Division I men’s and women’s athletic teams.
Coffee Break Sponsor 
Center for Artificial Intelligence and Machine Learning for Industry at the Institute of Computational and Data Sciences of Penn State University
Penn State’s Center for Applications of Artificial Intelligence and Machine Learning to Industry (AIMI) connects industry members with Penn State’s vast research community of artificial intelligence (AI) and machine learning (ML) researchers and their students to solve real-world problems and seize market opportunities.
As a center in Penn State’s interdisciplinary Institute for Computational and Data Sciences (ICDS), AIMI works with researchers throughout Penn State’s 12 academic colleges and 24 campuses.
|
