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New Technologies in Finance Conference, 2019

Program For Financial Studies, New Technologies in Finance Initiative

Organizers: Simona Abis, Anton Lines, Laura Veldkamp

NOV 15

Columbia University, New York

Sponsors:

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The Conference

While technological change has been a common component of economic growth throughout human history, developments over the past three decades—such as modern computing, big data, and the internet—appear to be accelerating the rate of change. Many industries have seen rapid exploration and adoption of new technologies, with academic research struggling to keep up.

Leveraging its location in New York City, Columbia Business School’s Program for Financial Studies aims to provide a central forum for discussion and promotion of new academic research on technological change in finance. The goal of the conference is to bring together academics and relevant practitioners in an area where such interaction is especially important.

 

The inaugural New Technologies in Finance conference will be held on Friday, November 15th, 2019 at Alfred Lerner Hall, Columbia University, 2920 Broadway, Room 555, New York, NY 10027.

If you would like to attend the conference, please register using the button below (for academics, please e-mail: ntif2019@gsb.columbia.edu to receive the promo code). 

Program Committee

  • Simona Abis
    Assistant Professor of Finance (Columbia University)

  • Tania Babina
    Assistant Professor of Finance (Columbia University)

  • Lin William Cong
    Rudd Family Professor of Management (Cornell University)

  • Kent Daniel
    William Von Mueffling Professor of Business &
    Senior Vice Dean of Faculty Affairs (Columbia University)

  • Paul Goldsmith-Pinkham
    Assistant Professor of Finance (Yale University)

  • Arpit Gupta
    Assistant Professor of Finance (New York University)

  • Bryan Kelly
    Professor of Finance &
    Associate Director, International Center for Finance (Yale University)

  • Anton Lines
    Assistant Professor of Finance (Columbia University)

  • Lea Stern
    Assistant Professor of Finance and Business Economics (University of Washington)

  • Laura Veldkamp
    Cooperman Professor of Finance and Economics (Columbia University)

  • Toni Whited
    Dake K, Dykema Professor of Business Administration (University of Michigan)

  • Mao Ye
    Associate Professor of Finance (University of Illinois)

Conference Organizers 

 

Columbia Business School Faculty

  • Simona Abis
    Assistant Professor of Finance (Columbia University)

  • Anton Lines
    Assistant Professor of Finance (Columbia University)

  • Laura Veldkamp
    Cooperman Professor of Finance and Economics (Columbia University

Program for Financial Studies

  • Melina Denebeim ’12
    Program Director, Program for Financial Studies (Columbia Business School)

  • Harry Mamaysky
    Faculty Director,  Program for Financial Studies &
    Associate Professor of Professional Practice (Columbia Business School)

The Program

8:00 - 8:25

Registration and light breakfast

Introductory remarks

8:25 - 9:00

“On the Importance of Analysts' Geographic Diversity”

Authors: Marcus Painter and William Gerken

Presenter: Marcus Painter (Saint Louis University)

9:00 - 9:35

“Financial Frictions and the Wealth Distribution”

Authors: Jesús Fernández-Villaverde, Samuel Hurtado, Galo Nuño

Presenter: Jesús Fernández-Villaverde (University of Pennsylvania)

9:35 - 10:10

“Product Market Competition with Crypto Tokens and Smart Contracts”

Authors: Evgeny Lyandres

Presenter: Evgeny Lyandres (Boston University)​

10:10 - 10:30

Break

10:30 - 11:05

“The Structure of Economic News”

Authors: Leland Bybee, Bryan Kelly, Asaf Manela, Dacheng Xiu

Presenter: Bryan Kelly (Yale University)

11:05 - 11:40

“Textual Factors: A Scalable, Interpretable, and Data-driven Approach to Analyzing Unstructured Information” Authors: Lin William Cong, Tengyuan Liang, and Xiao Zhang

Presenter: Lin William Cong (Cornell University)

11:40 - 12:15 

“Measuring Technological Innovation over the Long Run” Authors: Bryan Kelly, Dimitris Papanikolaou, Amit Seru, Matt Taddy

Presenter: Dimitris Papanikolaou (Northwestern University)

12:15 - 1:45

Lunch

1:45 - 2:20

“An Application of Causal Forest in Corporate Finance: How Does Financing Affect Investment?”

Authors: Huseyin Gulen, Candace Jens, and T. Beau Page

Presenter: Candace Jens (Tulane University)

2:20 - 2:55

“Perceived Precautionary Savings Motives: Evidence from FinTech”

Authors: Francesco D'Acunto, Thomas Rauter, Christoph Scheuch, and Michael Weber

Presenter: Francesco D'Acunto (Boston College)

2:55 - 4:05

Panel: Data Science and the Modern Financial Firm

Moderator: Costis Maglaras, Dean, Columbia Business School

Participants: 

  • Amit Garg, Senior Partner, Leader of Financial Services Private Equity Practice, McKinsey

  • Nigel Morris, Co-Founder & Managing Partner, QED Investors

  • Warren Pennington, Principal and Global Head, Vanguard's Office of Investment Management Fintech Strategies (IMFS)

  • Ian Sigalow, Co-Founder & Partner, Greycroft

4:05 - 4:20

Break

4:20 - 4:55

“Deep Learning in Asset Pricing”

Authors: Luyang Chen, Markus Pelger, Jason Zhu

Presenter: Markus Pelger (Stanford University)

5:00 - 7:00

Reception