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Tuesday, June29th, 2021

Coordinated by Scientific Committee Director, Pedro Matos (Darden School of Business, University of Virginia), the PhD Mentoring Day will be held online on June 29, 2021, one day prior to the start of the 28th Finance Forum. It will include:

Mentoring sessions: where our outstanding invited mentors will discuss the latest advances in research and offer career advice for the PhD students.

Parallel sessions: where a reduced number of PhD students will have the opportunity to present their work and receive feedback from our mentors, the members of the scientific committee and other guest scholars.

Pedro Matos

John G. Macfarlane Family Chair and Professor of Business Administration
Academic Director of Richard A. Mayo Center for Asset Management

Darden School of Business, University of Virginia.


Rui Albuquerque


Rui Albuquerque

Professor of Finance – Carroll School of Management, Boston College.

Jose Luis Peydro


José Luis Peydro

Professor of Finance – Imperial College & Universitat Pompeu Fabra.


We will also have a group of outstanding mentors attending students’ presentations and offering them valuable feedback:

Morten Bennedsen (University of Copenhagen and INSEAD), Javier Gil-Bazo (Universidad Pompeu Fabra), Marc Goergen (IE, Instituto de Empresa), Juan Pedro Gómez (IE, Instituto de Empresa), María Gutiérrez Urtiaga (Universidad Carlos III de Madrid), Dmitry Kuvshinov (Universidad Pompeu Fabra), David Martínez-Miera (Universidad Carlos III de Madrid), Belén Nieto (Universidad de Alicante), Pablo Ruiz-Verdú (Universidad Carlos III de Madrid), Fernando Zapatero (Boston University), Andrea Polo (UPF).

PhD Mentoring Day 2021 (June 29th)

Schedule Central European Summer Time

11:50-12:00 Welcome: María Gutiérrez, Universidad Carlos III de Madrid President, AEFIN
12:00-13:00 Mentoring advice I: Rui Albuquerque, Carroll School of Management, Boston College
13:00-15:00 Morning parallel sessions with three papers each (40 minutes per paper)

  • Banking I
  • Asset Pricing I
  • Corporate Finance I
15:00-16:00 Lunch Break (Spanish luch time!)
16:00-17:00 Mentoring advice II: José Luis Peydro, Imperial College & Pompeu Fabra
17:00-19:00 Afternoon parallel sessions with three papers each (40 minutes per paper)

  • Banking II
  • Asset Pricing II
  • Corporate Finance II
19:00-19:10 Farewell: Pedro Matos, Darden School of Business, University of Virginia Scientific chair of the PhD Mentoring Day

Morning parallel sessions

Banking I – (Chair: David Martínez Miera, Universidad Carlos III de Madrid)

Title: Booms, Banking Crises, and Monetary Policy Presenter: Joël Marbet, CEMFI
Title: Risky Financial Collateral, Firm Heterogeneity, and the Impact of Eligibility Requirements Presenter: Matthias Kaldorf, University of Cologne
Title: Strategic Default in Relationship Banking Presenter: Nitin Vishen, Indian School of Business

Asset pricing I – (Chair: Rui Albuquerque, Boston College)

Title: Sea Level Rise and Portfolio Choice Presenter: Emirhan Ilhan, Frankfurt School of Finance & Management
Title: Which Factors with Price-Impact Costs? Presenter: Sicong (Allen) Li, London Business School
Title: How Does a Changing Labour Share of Income Affect Asset Prices? Presenter: Tom Cusbert, University of Sydney

Corporate Finance I -(Chair: Pedro Matos, University of Virginia)

Title: Who Anchors on Credit Spreads? Presenter: Yang Wang, Hong Kong Polytechnic University
Title: Cash Heterogeneity and the Payout Channel of Monetary Policy Presenter: Altan Pazarbasi, Frankfurt School of Finance and Management
Title: The Preferential Treatment of Green Bonds Presenter: Florian Wicknig, University of Cologne

Afternoon parallel sessions

Banking II – (Chair: José Luis Peydro, Imperial College & Universitat Pompeu Fabra)

Title: A Macro-Finance model with Realistic Crisis Dynamics Presenter: Goutham Gopalakrishna, Ecole Polytechnique Federale de Lausanne
Title: Spillover Effects of Banks’ Specialization in Corporate Lending on Mortgage Lending: The Industry Expertise Channel Presenter: Zhanbing Xiao, University of British Columbia
Title: Monetary Policy Transmission through the Refinancing of Firms Bank Debt Presenter: Eunkyung Lee, University of Manchester

Asset pricing II – (Chair: Fernando Zapatero, Boston University)

Title: What is wrong with the VIX? Expiration Day Effects and Indications of Manipulation Presenter: Tim Baumgartner, Ulm University
Title: A Long-Run Productivity Risks Driving q-Factor Model Presenter: Zhiting Wu, University of St Andrews
Title: MiFID II and the sensitivity of investors’ portfolio allocation on analyst recommendations Presenter: Huiting XU, Frankfurt School of Finance and Management

Corporate Finance II – (Chair: Morten Bennedsen, University of Copenhagen and INSEAD)

Title: Communities as Stakeholders: Impact of Corporate Bankruptcies on Local Governments Presenter: Baridhi Malakar, Georgia Institute of Technology
Title: Does Institutional Ownership Composition Matter for Corporate Innovation? Presenter: Dennis Hutschenreiter, Universitat Autònoma de Barcelona
Title: Does media coverage of firms’ environment, social, and governance (ESG) incidents affect analyst coverage and forecasts? Presenter: Zhichao Li, Durham University