Friday, May 12th, 8:45am-1:00pm (Zoom)
How do News and Markets Interact?
Organized by Columbia Business School’s Program for Financial Studies, with its faculty leadership Paul Glasserman, Harry Mamaysky, and Paul Tetlock around their current research, this major conference brings together an expert group of interdisciplinary leaders from across academia, finance, government, and the media to explore new frontiers in the study of the dissemination of news and its economic influence on markets.
Social media and traditional media coverage of market and geopolitical events have an ever-increasing influence on capital markets. Our 7th Annual News & Finance conference will examine these dynamics as well as questions such as:
How does the interaction between financial markets and the media affect real economic activity?
How do the incentives faced by news creators affect the content that they produce?
How do we best measure the information content of news?
How are new ML and AI tools being used by practitioners?
For questions please contact Melina Denebeim, Co-Director, Program for Financial Studies, [email protected].
Working Agenda:
| 8:45am | Introductory remarks |
| 8:50am | "The Social Signal" presented by: Marina Niessner, Judith C. and William G. Bollinger Visiting Associate Professor of Finance, University of Pennsylvania Wharton School of Business |
| 9:20am | "Effects of Information Overload on Financial Markets: How Much Is Too Much" presented by: Ilknur Zer, Principal Economist, Global Financial Institutions Section, International Finance, Board of Governors of the Federal Reserve System |
| 9:50am | "Extreme Events and Overreaction to News" presented by: Spencer Kwon, Economics Department, Harvard University |
| 10:20am | “Retail Trading and Asset Prices: The Role of Changing Social Dynamics” presented by: Fulin Li, Kenneth C. Griffen Department of Economics, University of Chicago |
| 10:50am | Panel: Using Text Data for Financial Decisions Panelists: |
| 11:30am | “Let's Face It: Quantifying the Impact of Nonverbal Communication in FOMC Press Conferences” presented by: Sophia Kazinnik, Senior Quantitative Analyst, Supervision, Regulation and Credit department, Federal Reserve Bank of Richmond |
| 12:00pm | "Wisdom of the Institutional Crowd” presented by: Gerard Hoberg, Finance and Business Economics Department, University of Southern California Marshall School of Business |
| 12:30pm | “Textual Analysis of Short-seller Research Reports, Stock Prices, and Real Investment” presented by: Jules van Binsbergen, Nippon Life Professor in Finance, University of Pennsylvania The Wharton School |
| 1:00pm | Concluding Remarks |