2024 UC Davis-FMA Napa Finance Conference 

15 & 16 March 2024

Napa Valley, CA

Co-hosted by the UC Davis Graduate School of Management and FMA’s flagship journal, Financial Management, the 20th Annual 2024 UC Davis-FMA Napa Finance Conference will feature high-quality papers from scholars conducting financial research.

The 2024 Conference will be held on Saturday, 16 March 2024 at Beringer Vineyards; conference dinners will be held on Friday, 15 March and  Saturday, 16 March.

Program Co-Chairs

  • Joseph Chen, Associate Professor of Finance, UC Davis
  • Shawn Thomas, Professor of Finance, University of Pittsburgh & Editor, Financial Management
  • Ayako Yasuda, Professor of Finance, UC Davis


Conference Program

Conference Attendee Listing

Friday, 15 March

Conference Dinner, Bottega Restaurant (Banchetto Dining Room), 6:30 pm reception, 7:00 pm dinner

Saturday, 16 March

Breakfast on your own (Southbridge and Wydown both offer complimentary continental breakfast)

8:10 am, Carpool to Beringer Vineyards

8:30 am, Welcome (Hudson House)


8:45 am - 9:30 am

Can U.S. Treasury Markets Add and Subtract?

Roberto Gómez-Cram, New York University & London Business School | Howard Kung, London Business School & CEPR | Hanno Lustig, Stanford University, NBER & CEPR

9:30 am- 10:15 am

Spillover Effects of Payouts on Asset Prices and Real Investment

Simon N. M. Schmickler, Jane Street Capital | Pedro Tremacoldi-Rossi, Columbia University

10:15 am – 10:45 am


10:45 am – 11:30 am

Indivisible Goods and Relative Wealth Concerns: Gambling, Under-Participation, and Lotteries

Mungo Wilson, University of Oxford | Bingcun Dai, University of Oxford | Pavel Savor, DePaul University

11:30 am – 12:15 pm

Revamping Firm Fixed Effects Models with Machine Learning – New Evidence from Recovering the Missing R&D-Patent Relation

Hui-Ching Chuang, National Taipei University | Po-Hsuan Hsu, National Tsing Hua University | Chung-Ming Kuan, National Taiwan University | Jui-Chung Yang, National Taiwan University

12:30 pm – 2:00 pm


2:00 pm – 2:45 pm

Opening the Brown Box: Production Responses to Environmental Regulation

Rebecca De Simone, London Business School | S. Lakshmi Naaraayanan, London Business School | Kunal Sachdeva, Rice University

2:45 pm – 3:30 pm

Follow the Pipeline: Anticipatory Effects of Proposed Regulations

Suzanne Chung, Tulane University | Joseph Kalmenovitz, University of Rochester | Alejandro Lopez-Lira, University of Florida

Presenting authors appear in bold.


4:00 pm – 5:00 pm

Private Tour and Tasting

6:00 pm

Conference Dinner, Brix (Cottage and Patio)  

Conference Hotels

Wydown Hotel

Premium Room: $499/night plus taxes and service fees

Luxury Corner Room: $575/night plus taxes and service fees

Southbridge Napa Hotel (sold out)

King Deluxe Rooms: $382.50/night plus taxes and service fees

Conference Sponsors

About UC Davis 

The UC Davis Graduate School of Management is focused on preparing the next generation of inspired, results-driven and innovative leaders who are committed to making a positive impact. Its vision as a business school on the rise is to spur new business and job creation, prepare innovative management leaders, and accelerate investment and innovation through strong partnerships with industry.

Every day, the community of faculty, students, alumni and staff is making an impact at Fortune 500 firms, mid-sized companies and promising startups by helping to put new ideas into action.

About Financial Management 
Financial Management, FMA's flagship quarterly journal, significantly impacts financial research and business practice by publishing research of high quality. The Editorial Team is led by Michael Goldstein, Babson College; Kathleen Kahle, University of Arizona; and Shawn Thomas, University of Pittsburgh.