Overview
April 9, 2021
How does the news move markets?
With crisis management, economic risk, social media and media coverage influencing the capital markets, join us for a research-driven conference assessing questions such as:
- How does the interaction between financial markets and the media affect real economic activity?
- How do the incentives of people who create news affect market responses?
- How do we best measure the information content of news articles?
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 news and social media. But many questions remain unanswered.
Organized by Columbia Business School’s Program for Financial Studies, with its faculty leadership Harry Mamaysky, Paul Glasserman and Paul Tetlock around their current research, this major conference will bring together an expert 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 Program for Financial Studies gratefully acknowledges its lead sponsor, Financial Times.
We also acknowledge Thomson Reuters for generously providing access to data sets that have enabled the research upon which the News and Finance initiative has been built.
Conference Sessions
Introductory Remarks (CBS and FT)
Echo Chambers, Joey Engelberg (UCSD)
What Triggers Stock Market Jumps, Scott R. Baker (Kellogg)
Panel Discussion: Interpreting Market Reactions to COVID News
Foreign Sentiment, Azi Ben-Rephael (Rutgers)
The State of AI Research at JPMorgan, Dr. Tucker Balch
Agenda
9:00-9:10am | Introductory remarks |
9:10-9:40am | "Echo Chambers" presented by: Joey Engelberg, Professor of Finance and Accounting, University of California San Diego |
9:40-9:50am | Discussion break-out rooms |
9:50-10:20am | "What Triggers Stock Market Jumps?" presented by: Scott R. Baker, Associate Professor of Finance, Kellogg School of Management |
10:20-10:30am | Discussion break-out rooms
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10:30-11:30am | Panel: Interpreting Market Reactions to COVID News Moderator: Kent Daniel, Senior Vice Dean of Faculty Affairs; Jean-Marie Eveillard Professor of Finance, Columbia Business School Panelists: |
11:30-11:40am | Discussion break-out rooms |
11:40-12:10pm | "Foreign Sentiment" presented by: Azi Ben-Rephael, Associate Professor of Finance, Rutgers Business School |
12:10-12:20pm | Discussion break-out rooms |
12:20-12:50pm | KEYNOTE: The State of AI Research at J.P. Morgan Dr. Tucker Balch, Managing Director, J.P. Morgan AI Research |
12:50-1:00pm | Concluding Remarks |