3rd Annual News and Finance Conference

Wednesday, March 8, 2017
8:30 a.m.–5:00 p.m., Reception to follow
Pulitzer Hall | Lecture Hall, Columbia Journalism School

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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 150+ leaders from across these sectors, building upon the past two successful News and Finance conferences in 2017 and 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 646-745-8554 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; Director of the News and Finance Initiative, Program for Financial Studies, Columbia Business School

9:00-9:35 Matthew D. Shapiro, Lawrence R. Klein Collegiate Professor of Economics, University of Michigan presenting: TBD
9:35-10:10

Joel Peress, Claude Janssen Chair in Business, INSEAD presenting: "Glued to the TV: Distracted Retail Investors and Stock Market Liquidity"

10:10-10:25 Break
10:25-11:00 Steven Sharpe, Deputy Associate Director, Federal Reserve Board presenting: "What’s the Story? A New Perspective on the Value of Economic Forecasts"
11:00-11:35

Marina Niessner, Assistant Professor of Finance, Yale School of Management presenting: “Fake News in Financial Markets”

11:45-12:55pm Lunch and Keynote: Robert Shiller, Nobel Laureate and Sterling Professor of Economics, Yale University
1:00-2:00

Journalist Panel

Moderator: Charles Calomiris, Henry Kaufman Professor of Financial Institutions; Faculty Director of the Program for Financial Studies, Columbia Business School

Panelists:

Shannon Bond, Co-host, Alphachat, Financial Times
Francine McKenna, Transparency Reporter, MarketWatch
Chris Wiggins, Associate Professor in the Department of Applied Physics and Applied Mathematics, Columbia University; Chief Data Scientist, New York Times

2:00-2:35

David McLean, Associate Professor of Finance and Anderson Faculty Fellow, McDonough School of Business, Georgetown University presenting: "Anomalies and News"

2:35-3:10

Xiaoxia Lou, Associate Professor of Finance, University of Delaware presenting: "Media Reinforcement in International Financial Markets"

3:10-3:25

Break

3:25-4:00

Tarik Umar, Assistant Professor of Finance, Jones Graduate School of Business, Rice University presenting: "Complexity Aversion When Seeking Alpha"

4:00-5:00

Industry Panel

Moderator: TBD

Panelists:
Peter Hafez, Chief Data Scientist, Ravenpack
Tsveta Petrova, Practice Head, EG Labs, Eurasia Group
5:00-6:00 Reception

Videos to come post-conference.