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Securities Markets. Trends, Risks, Policies
Welcome Addresses
Marco Ottaviani Dean of Research, Bocconi University
Carmine Di Noia Commissioner, CONSOB
Keynote Speech
Colin Mayer Peter Moores Professor of Management Studies, Saïd Business School, University of Oxford
First Session | Securities and Financial Markets
Chair Massimo Guidolin Bocconi University
Risk and Return in High-Frequency Trading
Jonathan Brogaard (S) Foster School of Business, University of Washington;
Matthew Baron Johnson Graduate School of Management, Cornell University;
Andrei Kirilenko Brevan Howard Centre for Financial Analysis, Imperial College Business School;
Björn Hagströmer Stockholm Business School
Discussant Fabrizio Lillo Scuola Normale Superiore
The Propagation of Shocks Across International Equity Markets. A Microstructure Perspective
Darya Yuferova (S) Norwegian School of Economics;
Dion Bongaerts Rotterdam School of Management;
Richard Roll California Institute of Technology;
Dominik Rösch SUNY Buffalo;
Mathijs van Dijk Rotterdam School of Managment
Discussant Loriana Pelizzon Università Ca’ Foscari Venezia and Research Center Goethe, University of Frankfurt
A Tale of One Exchange and Two-Order Books. Effects of Fragmentation in the Absence of Competition
Satchit Sagade (S) Departiment of Finance and Research Center Goethe, University of Frankfurt;
Alejandro Bernales University of Chile;
Italo Riarte University of Chile;
Marcela Valenzuela University of Chile;
Christian Westheide Finance Area, University of Mannheim and Research Center SAFE, Goethe University Frankfurt
Discussant Giovanni Petrella Università Cattolica del Sacro Cuore
Much Ado About Nothing. A Study of Differential pricing and Liquidity of Short- and Long-Term Bonds
Zorka Simon (S) University of Mannheim, Netspar;
Joost Driessen Tilburg University, Netspar;
Theo E. Nijman Tilburg University, Netspar
Discussant Paolo Colla Bocconi University
Second Session | Financial Institutions and Corporate Finance
Chair Giovanni Siciliano CONSOB
Empty creditors and Strong Shareholders: The real effects of credit risk taking
Stefano Colonnello (S) University of Magdeburg and Halle institute for Economic Research;
Matthias Efing HEC Paris;
Francesca Zucchi U.S. Federal Reservem Board of Governors
Discussant Francesco Columba Banca d’Italia
Canary in a Coalmine. Securities Lending Predicting the Performance of Securitized Bonds
Alberto Manconi (S) Bocconi University;
Elisabeth Kempf Chicago Booth School of Business;
Massimo Massa INSEAD
Discussant Giovanni Ferri LUMSA
Equity Ownership in IPO Issuers by Brokerage Firms and Analyst Research Coverage
Xi Li (S) Hong Kong University of Science and Technology;
Qiang Kang Florida International University;
Ronald W. Masulis School of Banking and Finance, Australian School of Business
Discussant Hannes Wagner Bocconi University
Does Financial Innovation Enhance or Inhibit Real Innovation?
Lora Dimitrova (S) University of Exeter;
Sapnoti K. Eswar University of Cincinnati
Discussant Alberto Zazzaro Università degli Studi di Napoli Federico II
Policy Session | Technology and Financial Services: The development and regulation of robo- advice
Chair Francesco Saita Bocconi University
Speakers
Mark Abrahamson Oliver Wyman
Filippo Annunziata Bocconi University
Giuseppe D’Agostino CONSOB
Salvatore Gnoni ESMA
Giovanni Sandri Blackrock
Organized by
BAFFI CAREFIN - Center for Applied Research on International Markets, Banking, Finance and Regulation
ESMA
CONSOB
For information
BAFFI CAREFIN
tel. +39 025836.5908
bafficarefin@unibocconi.it