Texas Finance Festival
The Conference That Gives a Real Texas Experience | Austin, Texas | April 4-6, 2024 | Sponsored by the Department of Finance at The University of Texas at Austin.
Conference Details
Registration and Program
The 25th Annual Texas Finance Festival (TFF) will be held on April 4 - 6, 2024 at the AT&T Executive Education and Conference Center at the University of Texas at Austin. The conference is sponsored by the Department of Finance at the University of Texas at Austin.
Program Details
Thursday, April 4
6:30 pm
Dinner – Micklethwait Barbecue - 1309 Rosewood Ave. Austin, Texas 78702
Friday, April 5, Morning – Session Chair: Sheridan Titman -- Classroom 203
8:00 am - 9:00 am
Registration and Breakfast – Conferee Break Area and Tejas Dining Room
9:00 am - 10:00 am
“Financing the Global Shift to Electric Mobility”
Authors: Jan Bena (The University of British Columbia), Bo Bian (The University of British Columbia), and Huan Tang (University of Pennsylvania)
Discussant: Alex Butler (Rice University)
10:00 am – 10:15 am BREAK
10:15 am - 11:15 am
“Green Labeling”
Authors: Tuomas Tomunen (Boston College) and Livia Yi (Boston College)
Discussant: Kim Cornaggia (Penn State)
11:15 am - 11:30 am BREAK
11:30 am - 12:30 pm
“A New Test for an Old Puzzle”
Authors: Lorenzo Bretscher (University of Lausanne), Peter Feldhutter (Copenhagen Business School), Andrew Kane (Duke), and Lukas Schmid (University of Southern California)
Discussant: David Chapman (University of Virginia)
12:30 pm - 2:00 pm
Lunch – Tejas Dining Room
Friday, April 5, Afternoon – Session Chair: William Fuchs -- Classroom 203
2:00 pm - 3:00pm
“Corporate Bond Issuance by Financial Institutions and Economic Cycle”
Authors: Tetiana Davydiuk (Johns Hopkins), Tatyana Marchuk (Norwegian Business School), and Ivan Shaliastovich (University of Wisconsin-Madison)
Discussant: Charles Hadlock (University of Pittsburgh)
3:00 pm – 3:15 pm BREAK
3:15 pm – 4:15 pm
“Misallocation and Asset Prices”
Authors: Winston Wei Dou (University of Pennsylvania), Yan Ji (HKUST), Di Tian (HKUST) and Pengfei Wang (PKU)
Discussant: Shaun Davies (University of Colorado-Boulder)
4:15 pm - 4:30 pm BREAK
4:30 pm – 5:30 pm
“How Do Health Insurance Costs Affect Firm Labor Composition and Technology Investment?”
Authors: Janet Gao (Georgetown University), Shan Ge (New York University), Lawrence D. W. Schmidt (MIT) and Christina Tello-Trillo (University of Maryland)
Discussant: Margarita Tsoutsoura (Washington University in St. Louis)
5:45 pm Depart for Dinner Cruise (Bus is available for out-of-town attendees)
6:15 pm Boat departs from the LCRA landing behind the LCRA's Jack Miller building, 3701 Lake Austin Blvd, 78703, (parking in LCRA visitor parking, 3700 Lake Austin Blvd)
Saturday, April 6, Morning – Session Chair: Travis Johnson -- Classroom 203
8:00 am - 9:00 am
Breakfast – Conferee Break Area and Tejas Dining Room
9:00 am - 10:00 am
“Bailing out (Firms’) Uninsured Deposits: A Quantitative Analysis”
Authors: Aaron Pancost (The University of Texas at Austin), and Roberto Robatto (University of Wisconsin-Madison)
Discussant: Uday Rajan (University of Michigan)
10:00 am – 10:15 am BREAK
10:15 am - 11:15 am
“Specialized Lending when Big Data Hardens Soft Information”
Authors: Zhiguo He (University of Chicago), Jing Huang (Texas A&M), and Cecilia Parlatore (New York University)
Discussant: Diego Garcia (University of Colorado-Boulder)
11:15 am - 11:30 am BREAK
11:30 am - 12:30 pm
“Excess Commitment in R&D”
Authors: Marius Guenzel (University of Pennsylvania), and Tong Liu (MIT)
Discussant: Vojislav Maksimovic (University of Maryland)
12:30 pm – 1:30 pm
Lunch – Tejas Dining Room
Accommodations
AT&T Executive Education & Conference Center
1900 University Avenue
Austin, TX 78705
512-404-1900
Toll Free: 877-744-8822
Please book your room reservation here using our custom link.
If you call to make your reservation, please mention code TEXFIN1024
Room reservations in our block need to be made by the March 12, 2024 cutoff date.
Below is a list of other hotels near The University. We DO NOT have room blocks at these hotels.
Hampton Inn & Suites Austin at The University/Capitol
1701 Lavaca Street
Austin, TX 78701
(512) 499-8881
Hotel Ella
1900 Rio Grade Street
Austin, TX 78705
(512) 495-1800
DoubleTree Suites by Hilton Hotel
303 W. 15th Street
Austin, TX 78701
(512) 478-7000
Organization
Program Committee:
William Fuchs
Travis Johnson
Organizing Committee:
Juana Hardwick
Kyle Hernandez
History and Programs
The first meeting of the Texas Finance Festival (TFF) was in Kerrville, Texas, in 1999. The Kerrville Folk Music Festival is held annually in Kerrville, thus the name for our conference. Since then, the conference has been held in Austin, Horseshoe Bay, Marble Falls, and San Antonio.
2022 PROGRAM
“What Drives Investors’ Portfolio Choices? Separating Risk Preferences from Frictions”
By: Taha Choukhmane (MIT), Tim de Silva (MIT)
“Intermediation via Credit Chains”
By: Zhiguo He (University of Chicago), Jian Li (Columbia University)
“Siphoned apart: A Portfolio Perspective of Payment for Order Flow”
By: Markus Baldauf (University of Chicago), Joshua Mollner (Northwestern University), Bart Zhou Yoeshen (INSEAD)
"Illiquidity and Inequality"
By: Daniel Neuhann (UT-Austin), Michael Sockin (UT-Austin)
“The Dema“The Demand for Long-term Mortgage Contracts and the Role of Collateral”
By: Lu Liu (Wharton)
“Optimal Time-Consistent Debt Policies”
By: Andrey Malenko (University of Michigan), Anton Tsoy (University of Toronto)
“Bad News Bankers: Underwriter Reputation and Contagion in Pre-1914 Sovereign Debt Markets”
By: Sasha Indarte (Wharton)
“Product Differentiation and Oligopoly: A Network Approach”
By: Bruno Pellegrino (University of Maryland)
“Shocks and Technology Adoption: Evidence from Electronic Payment Systems”
By: Nicolas Crouzet (Northwestern University), Apoorv Gupta (Dartmouth College), Filippo Mezzanotti (Northwestern University)
2021 PROGRAM
“How Integrated Are Corporate Bond and Stock Markets?”
By: Mirela Sandulescu (Michigan)
“Information Chasing versus Adverse Selection”
By: Gabor Pinter (Bank of England), Chaojun Wang (Wharton), and Junyuan Zou (INSEAD)
“Monetary Policy Transmission in Segmented Markets”
By Yiming Ma (Columbia), Anthony Lee Zhang (Chicago), and Jens Eisenschmidt (European Central Bank)
“LTCM Redux? Hedge Fund Treasury Trading and Funding Fragility during the COVID-19 Crisis”
By: Mathias Kruttli (Federal Reserve Board), Phillip Monin (Federal Reserve Board), Lubomir Petrasek (Federal Reserve Board), and Sumudu Watugala (Cornell)
“Does Political Partisanship Cross Borders? Evidence from International Capital Flows”
By: Elisabeth Kempf (Chicago), Mancy Luo (Erasmus), Larissa Schaefer (Frankfurt), and Margarita Tsoutsoura (Cornell)
“Bond Market Stimulus: Firm-Level Evidence from 2020-21”
By: Olivier Darmouni (Columbia) and Kerry Siani (Columbia)
“Regulatory Costs of Being Public: Evidence from Bunching Estimation”
By: Michael Ewens (Cal Tech), Kairong Xiao (Columbia), and Ting Xu (Virginia Darden)
“Externalities as Arbitrage”
By: Ben Hebert (Stanford)
“How Costly is Noise? Data and Disparities in Consumer Credit”
By: Laura Blattner (Stanford) and Scott Nelson (Chicago)
“FinTech Lending and Cashless Payments”
By: Pulak Ghosh (Indian Institute of Management), Boris Vallee (Harvard), and Yao Zeng (Wharton)
“Did Fintech Lenders Facilitate PPP Fraud?”
By: John Griffin (UT-Austin), Sam Kruger (UT-Austin), and Prateek Mahajan (UT-Austin)