Conference Brief
March 13, 2019
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 Harry Mamaysky, Paul Glasserman, 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 three successful News and Finance conferences in 2018, 2017 and 2016.
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Agenda
| 8:30-9:00am | Registration and light breakfast Introductory remarks by: Harry Mamaysky, Associate Professor of Professional Practice; Faculty Director of the Program for Financial Studies; Director of the News and Finance Initiative, Columbia Business School |
| 9:00-9:40 | Sandile Hlatshwayo, Economist, Asia-Pacific Department, IMF presenting: "The Measurement and Macro Relevance of Corruption: A Big Data Approach" |
| 9:40-10:20 | Joshua Mitts, Associate Professor of Law, Columbia Law School presenting: "Short and Distort" |
| 10:20-10:35 | Break |
| 10:35-11:15 | Anna Cieslak, Assistant Professor of Finance, Fuqua School of Business, Duke University presenting: "The Economics of the 'Fed Put'" |
| 11:15-11:55 | Evan Schnidman, CEO, Prattle presenting: “Applications of AI in Finance: Using NLP to Analyze Market-Moving Language” |
| 11:55-1:10pm | Lunch and Keynote: Matthew Gentzkow, Professor of Economics, Stanford University presenting: "The Welfare Effects of Social Media" |
| 1:10-1:50 | Russ Wermers, Bank of America Professor of Finance and Director, Center for Financial Policy, Robert H. Smith School of Business, University of Maryland presenting: "Institutional Trading Around Corporate News: Evidence from Textual Analysis" |
| 1:50-2:30 | Benjamin Golez, Associate Professor of Finance, Mendoza School of Business, University of Notre Dame presenting: "Home-Country Media Slant and Equity Prices" |
| 2:30-3:45 | Journalist Panel Moderator: Laura Veldkamp, Professor of Business (Finance), Columbia Business School Panelists: |
| 3:45-4:10 | Break |
| 4:10-4:50 | Anastassia Fedyk, Assistant Professor of Finance, Haas School of Business, U.C. Berkeley presenting: "When Can the Market Identify Old News?" |
| 4:50-5:30 | Yin Luo, Managing Director, Quantitative Analysis, Strategy and Economics; Vice Chairman, Wolfe Research presenting: "Beyond Fake News - Extracting Signals from Noisy News, Social Media, and Corporate Events" |
| 5:30-6:30pm | Reception |