2nd Annual News and Finance Conference

Wednesday, March 8, 2017
8:30 a.m.–5:00 p.m., Reception to follow
Faculty House, 2nd Floor, 64 Morningside Drive (at 116th Street) Columbia University, New York City, Click here for directions and parking

       

Link to Conference Write-Up: "How Does News Coverage Affect the World of Finance?"


Conference Brief

Financial economists have long been interested in how markets incorporate information. In the last decade, the confluence of improved computational tools and data availability for text analysis have led to new research methods and many important insights into how markets respond to the news media. But how does information become news in the first place? How do choices made by journalists shape the news to which markets react?

Organized by the News and Finance Initiative of Columbia Business School’s Program for Financial Studies and its faculty directors Paul Glasserman, Harry Mamaysky, and Paul Tetlock around their current research, this major conference will bring together an unprecedented group of interdisciplinary leaders from across academia, business, government, and the media to explore new frontiers in the study of the dissemination of news and its influence on markets. The event is expected to draw 200 leaders from across these sectors, building upon the successful inaugural News and Finance conference of March 2016.

The News and Finance Initiative of the Program for Financial Studies gratefully acknowledges its Lead Industry Sponsors:

 

its Affiliate Industry Sponsor:

as well as the following conference sponsors:

      

The Program for Financial Studies gratefully acknowledges Thomson Reuters for generously providing access to data sets that have enabled the research upon which the News and Finance initiative has been built.


For information regarding the conference, contact Melina Robbana, Program Director of the Program for Financial Studies, at 212-851-9473 or md2953@gsb.columbia.edu.

For information on sponsorship opportunities, contact Elena Piercy, Senior Executive Director of Corporate and Foundation Relations, at 212-854-6953 or emp2167@gsb.columbia.edu.

Agenda

Time

Event

8:30-9:00am

Registration and light breakfast

Introductory remarks by:

Harry Mamaysky, Associate Professor of Professional Practice, and Director of the News and Finance Initiative, Program for Financial Studies, Columbia Business School

Thomas F. Coleman, Chief Research Officer, Global Risk Institute

9:00-9:40 Zhi Da, Professor of Finance, Mendoza College of Business, University of Notre Dame presenting: "Harnessing the Wisdom of Crowds"
9:40-10:20

Ricardo Correa, PhD "06 GSAS, Chief, International Financial Stability Section, Board of Governors of the Federal Reserve System presenting: "Communicating Financial Stability Sentiment"

10:20-10:35 Break
10:35-11:15 Leif Anders Thorsrud, Special Advisor, Norges Bank presenting: "The Value of News"
11:20-12:20pm

Journalist Panel: Media Action or Reaction

Moderator: William S. Grueskin, Professor of Professional Practice, Columbia University's School of Journalism

Panelists:
John Authers, Senior Investment Commentator and "Long View" Columnist, Financial Times
Steve Liesman, Senior Economics Reporter, CNBC
Ellen Pollock, Former Editor in Chief, Bloomberg Businessweek
Gregory Zuckerman, Special Writer, Wall Street Journal

12:20-1:30pm Lunch and Keynote: Morgan Downey, CEO of Money.net
1:30-2:10

Diego Garcia, Burridge Endowed Chair in Finance, Leeds School of Business at University of Colorado Boulder presenting: "Kinks of Financial Journalism"

2:10-2:50

Charles Calomiris, Henry Kaufman Professor of Financial Institutions and Faculty Director of the Program for Financial Studies, Columbia Business School presenting: "How News and its Context Drive Risk and Returns around the World"

2:50-3:05 Break
3:05-3:45

Alexander Hillert, House of Finance Professor of Sustainable Asset Management, Goethe University, Frankfurt presenting: "The Value of Visibility"

3:50-4:50

Industry Panel

Moderator: Wesley Chan, PhD, Senior Vice President, Acadian Asset Management

Panelists:
Graham Giller, PhD, Chief Data Science Office, JPMorgan Corporate Investment Bank
Angus Lund, Global Head of AlphaWise, Morgan Stanley & Co.
Sameena Shah, PhD, Director of Research, Thomson Reuters
Ben Wellington, Managing Director, Two Sigma

4:50-5:00 Closing remarks by Paul Glasserman, Jack R. Anderson Professor of Business, Decision, Risk, and Operations, and Director of the Risk Management Initiative, Program for Financial Studies, Columbia Business School
5:00-6:00 Reception

 

Conference Participants

Keynote Speaker
Morgan Downey, Chief Executive Officer, Money.net


Academic Presenters

Charles W. Calomiris, Henry Kaufman Professor of Financial Institutions, Faculty Director of the Program for Financial Studies, Columbia Business School

Ricardo Correa, PhD '06 GSAS, Chief, International Financial Stability Section, Board of Governors of the Federal Reserve System

Zhi Da, Professor of Finance, Mendoza College of Business, University of Notre Dame

Diego Garcia, Burridge Endowed Chair in Finance, Leeds School of Business at University of Colorado Boulder

Alexander Hillert, House of Finance Professor of Sustainable Asset Management, Goethe University, Frankfurt

Leif Anders Thorsrud, Special Advisor, Norges Bank


Distinguished Journalists

John Authers, Senior Investment Commentator and “Long View” Columnist, Financial Times

William S. Grueskin, Professor of Professional Practice, Columbia University’s School of Journalism

Steve Liesman, Senior Economics Reporter, CNBC

Ellen Pollock, Former Editor in Chief, Bloomberg Businessweek

Gregory Zuckerman, Special Writer, Wall Street Journal


Business Leaders

Wesley Chan, PhD, Senior Vice President, Acadian Asset Management

Graham Giller, PhD, Chief Data Science Officer, JPMorgan Corporate Investment Bank

Angus Lund, Global Head of AlphaWise, Morgan Stanley & Co.

Sameena Shah, PhD, Director of Research, Thomson Reuters

Ben Wellington, Managing Director, Two Sigma


Conference Organizers

Thomas F. Coleman, Chief Research Officer, Global Risk Institute

Paul Glasserman, Jack R. Anderson Professor of Business, Decision, Risk, and Operations; Director of the Risk Management Initiative, Program for Financial Studies, Columbia Business School

Harry Mamaysky, Associate Professor of Professional Practice in the Faculty of Business; Director of News and Finance Initiative in the Program for Financial Studies, Columbia Business School

Paul Tetlock, Professor of Business; Assistant Director of the News and Finance Initiative, Program for Financial Studies, Columbia Business School

Videos to come post-conference