Program

See below for the program of the 4th European Retail Investment Conference. The main conference took place from May 17 to 19, 2017 at Boerse Stuttgart, Germany. Presentations were 20 minutes, followed by 10 minutes discussion, and 5 minutes open questions.

To download a PDF version of the conference program please click here.

 

Wednesday, May 17, 2017

 
 

19:00

Wine reception at Boerse Stuttgart 
     
 

First Conference Day: Thursday, May 18, 2017

 
 

8:00-9:00

Registration and welcome coffee at Boerse Stuttgart 
 

9:00-9:25

Welcome address 
 

Session 1: Market Microstructure

 
 

9:25- 10:00

Maker-Taker Fee, Liquidity Competition, and High Frequency Trading
Yiping Lin* (1), Peter Swan (1), Frederick Harris (2)
(1): University of New South Wales, Australia (2): Wake Forest University, United States of America
Discussant: Christian Westheide
 
 

10:00-10:35

A Tale of One Exchange and Two Order Books: Effects of Fragmentation in the Absence of Competition
Satchit Sagade (1), Alejandro Bernales (2), Italo Riarte (2),Marcela Valenzuela (2), Christian Westheide* (3)
(1): Goethe University Frankfurt, Germany (2): University of Chile, Chile (3): University of Mannheim, Germany
Discussant: Thomas Johann

 
 

10:35-11:10

The Best in Town: A Comparative Analysis of Low-Frequency Liquidity Estimators
Thomas Johann* (1), Erik Theissen (1)
(1): University of Mannheim, Germany
Discussant: Yiping Lin
 
 

11:10-11:30

Break 
 

Session 2: Behavioral Finance

 
 

11:30-12:05

Thinking about Prices versus Thinking about Returns in Financial Markets
Zwetelina Iliewa* (1), Martin Weber (2), Markus Glaser (3)
(1): Centre for European Economic Research (ZEW) Mannheim, Germany (2): University of Mannheim, Germany (3): Ludwig-Maximilians-University of Munich, Germany
Discussant: Benjamin Loos
 
 

12:05-12:40

Recent Experiences and Risk Taking: Trading Responses to Changes in the Local Environment
Jenny Pirschel (1), Benjamin Loos* (2), Christine Laudenbach (2)
(1): Centre for European Economic Research (ZEW) Mannheim, Germany (2): Goethe University Frankfurt, Germany (3): University of Mannheim, Germany
Discussant: Zwetelina Iliewa

 
 

12:40-14:00

Lunch break

 
 

Session 3: Retail Investors

 
 

14:00-14:35

Google Search Volume and Individual Investor Trading
Dimitrios Kostopoulos* (1), Steffen Meyer(1)
(1): Leibniz University Hanover, Germany
Discussant: Noah Stoffman
 
 

14:35-15:10

How Do Investment Ideas Spread through Social Interaction? Evidence from a Ponzi Scheme
Ville Rantala* (1)
(1): University of Miami, United States of America
Discussant: Steffen Meyer
 
 

15:10-15:45

Trust-Busting: The Effect of Fraud on Investor Behavior
Umit G. Gurun (1), Noah Stoffman* (2), Scott E. Yonker (3)
(1): University of Texas at Dallas, United States of America (2): Indiana University, United States of America (3): Cornell University, United States of America
Discussant: Ville Rantala
 
 

15:45-16:15

Break 
 

Session 4: Household Finance

 
 

16:15-16:50

Savvy Parent, Savvy Child? Intergenerational Correlations in Returns to Financial Wealth
Elias Rantapuska (1), Samuli Knüpfer* (2), Matti Savimäki (1)
(1): Aalto University, Finland (2): BI Norwegian School of Business, Norway
Discussant: Ulf Nielsson
 
 

16:50-17:25

Turning Local: Home-Bias Dynamics of Relocating Foreigners
Ulf Nielsson* (1), Bjarne Florentsen (1), Peter Raahauge (1), Jesper Rangvid (1)
(1): Copenhagen Business School, Denmark
Discussant: Samuli Knüpfer
 
 

Gala Dinner

 
 

19:30-20:00

Reception, Plenum (Konrad-Adenauer-Str. 3) 
 

20:00

Gala Dinner, Plenum (Konrad-Adenauer-Str. 3) 
     
 

Second Conference Day: Friday, May 19, 2017

 
 

8:00-9:00

Registration and welcome coffee at Boerse Stuttgart

 
 

Session 5: Fintech

 
 

9.00-9:35

Profit Sharing: A Contracting Solution to Harness the Wisdom of the Crowd
Jiasun Li* (1)
(1): George Mason University, United States of America
Discussant: Sebastian Scheurle
 
 

9:35-10:10

Fund Savings Plan Choices with and without Robo-Advice
Sebastian Scheurle* (1), Konstantin Bräuer (1)
(1): Goethe University Frankfurt, Germany
Discussant: Jiasun Li
 
 

10:10-10:30

Break 
 

Keynote

 
 

10:30-12:00

Keynote: How Will the Blockchain Change Retail Investing?
Prof. David L. Yermack (New York University, United States of America)
 
 

12:00-12:45

Lunch 
 

Session 6: Asset Pricing

 
 

12:45-13:20

Duration-Adjusted Bond Fund Performance
Martin Rohleder* (1), Markus Natter (1), Marco Wilkens (1)
(1): University of Augsburg, Germany
Discussant: Alexander Hillert
 
 

13:20-13:55

The Value of Visibility
Alexander Hillert* (1), Michael Ungeheuer (2)
(1): Goethe University Frankfurt, Germany
(2): University of Mannheim, Germany
Discussant: Martin Rohleder
 
  

End

 
 

*Presenting Author

 
 
 
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