Program of 2025

Day 1: June 16^th, 2025

Stadthaus St. Gallen, Gallusstrasse 14, St. Gallen

08:20 - 08:55   Registration (3rd floor)

08:55 - 09:00   Opening remarks by Markus Schmid (University of St. Gallen)

Session 1

Chair: Martin Brown (Study Center Gerzensee and UNISG)

09:00 - 09:50   Mind the gap: the market price of financial flexibility
Roberto Steri (University of Luxembourg)
Discussant: Natalia Rostova (EPFL and EDHEC)

09:50 - 10:40   The real effects of offshore data leaks: evidence from private firms
Marcelo Ortiz M. (Pompeu Fabra)
Discussant: Markus Schmid (University of St. Gallen)

30 mins coffee break

Session 2

Chair: Cameron Peng (London School of Economics)

11:10 - 12:00  Social Financial Advice
Theresa Spickers (University of Amsterdam)
Discussant: Martin Brown (Study Center Gerzensee and UNISG)

12:00 - 12:50  Picking up the PACE: loans for residential climate-proofing
Francesco Mazzola (ESCP Business School, Turin)
Discussant: Sebastian Doerr (Bank for International Settlements)

70 mins lunch break

13:50 - 15:30   Session 3: Rapid Fires (12 papers in 3 parallel sessions)

Room 1 (3rd floor Festsaal), Chair Can Gao
Exploring the variance risk premium across assets by Karamfil Todorov 
Betting on Stocks with Options? by Tobias Sichert
Inciting Monetary Uncertainty: How Commodity Tails Unveil Treasury Bond Risk by Stefanie Schraeder
0DTE Asset pricing by Gustavo Freire

Room 2 (2nd floor Bürgerratssaal), Chair Stefan Weik
TBA by Francesco Celentano
M&As and Privacy Regulation by Luise Eisfeld
Who Pays the Price of Privacy? by Rachel Nam 
Option Intraday and Overnight Momentum and Reversal by Mathis Moerke 

Room 3 (Ground floor Gewölberaum), Chair Stefano Ramelli 
Predicting financial market stress with machine learning by Sonya Zhu
Nudge Fatigue by Cameron Peng
Insurers' Carbon Underwriting Policies by Felix Von Meyerinck
Strategic Claim payment delays: evidence from property and casualty insurance by Anastasia Kartasheva

20 mins coffee break                                 

Keynote by Clemens Sialm (University of Texas)

Moderator: Markus Schmid (University of St. Gallen)

16:00 - 17:10   New Developments in Asset Management

End of Day 1

Conference dinner (invited separately)

Day 2: June 17th, 2025

Haus Washington, Rosenbergstrasse 20-22, St. Gallen

08:20 - 08:50   Registration (5th floor)

Session 4

Chair: Pasquale Della Corte (Imperial College Business School)

08:50 - 09:40   Hidden debt revelation
Sebastian Horn (University of Hamburg and Kiel Institute)
Discussant: Pasquale Della Corte (Imperial College Business School)

09:40 - 10:30   When no news is good news: multidimensional heterogeneous beliefs in financial market
Brandon Yueyang Han (University of Maryland)
Discussant: Christian Heyerdahl-Larsen (BI)

10:30 - 11:20   Let the market speak: using interest rates to identify Fed info effects
Linyan Zhu (London School of Economics)
Discussant: Travis Johnson (University of Texas)

30 mins coffee break

Keynote by Martin Oehmke (London School of Economics)

Moderator: Roland Füss (University of St. Gallen)

11:50 - 13:00   Reflections on Socially Responsible Investment

60 mins lunch break

Session 5

Chair: Martin Nerlinger (University of St. Gallen)

14:00 - 14:50  Disposed to Be Overconfident
Katrin Gödker (Bocconi University)
Discussant: Matthias Weber (University of St. Gallen)

14:50 - 15:40  Green security design
Federica Zeni (EPFL)
Discussant: Anastasia Kartasheva (University of St. Gallen)

15:40 - 15:50   Closing Remarks by Martin Eling (University of St. Gallen)

End of Event