Program 2017

Wednesday, May 17, 2017  
19:00Wine reception at Boerse Stuttgart
  
First Conference Day: Thursday, May 18, 2017  
8:00-9:00Registration and welcome coffee at Boerse Stuttgart
9:00-9:25Welcome address
Session 1: Market Microstructure  
9:25- 10:00Maker-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
10:00-10:35A 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
10:35-11:10The 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
11:10-11:30Break
Session 2: Behavioral Finance  
11:30-12:05Thinking 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
12:05-12:40Recent 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
12:40-14:00Lunch break
Session 3: Retail Investors  
14:00-14:35Google Search Volume and Individual Investor Trading
Dimitrios Kostopoulos* (1), Steffen Meyer(1)
(1): Leibniz University Hanover, Germany
Discussant: Noah Stoffman
14:35-15:10How 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
15:10-15:45Trust-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
15:45-16:15Break
Session 4: Household Finance  
16:15-16:50Savvy 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
16:50-17:25Turning 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  
19:30-20:00Reception, Plenum (Konrad-Adenauer-Str. 3)
20:00Gala Dinner, Plenum (Konrad-Adenauer-Str. 3)
  
Second Conference Day: Friday, May 19, 2017  
8:00-9:00Registration and welcome coffee at Boerse Stuttgart
Session 5: Fintech  
9.00-9:35Profit 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
9:35-10:10Fund Savings Plan Choices with and without Robo-Advice
Sebastian Scheurle* (1), Konstantin Bräuer (1)
(1): Goethe University Frankfurt, Germany
Discussant: Jiasun Li
10:10-10:30Break
Keynote  
10:30-12:00Keynote: How Will the Blockchain Change Retail Investing?
Prof. David L. Yermack (New York University, United States of America)
12:00-12:45Lunch
Session 6: Asset Pricing  
12:45-13:20Duration-Adjusted Bond Fund Performance
Martin Rohleder* (1), Markus Natter (1), Marco
Wilkens (1)
(1): University of Augsburg, Germany
Discussant: Alexander Hillert
13:20-13:55The 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