Tracks and Topics

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Authors submitting a paper to the EFA 2017 can select one track and multiple topics. For information on how to submit a paper, please visit our guidelines page. Students submitting to the Doctoral Tutorial must select the track "Doctoral Tutorial".

 

Tracks Overview

 

BIS - special session

The Bank for International Settlements (BIS) encourages the submission of papers on the topic:

Financial innovation and changes in markets‘ infrastructure

  • Fintech and the role of digital innovation
  • The role of non-bank players
  • Evolution of market liquidity

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ECB - special session

The European Central Bank (ECB) encourages submissions of papers related to one or several of the following topics:

Impact of negative interest rates on

  • Bank balance sheets
  • Bank lending and risk-taking behavior
  • Bank profitability

Optimal design of post-crisis central banks’ operational frameworks

  • Collateral policy
  • Monetary policy implementation
  • Size and composition of central banks’ balance sheet

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NBIM - special session

Norges Bank Investment Management (NBIM) encourages the submission of papers on the topic:

Understanding the long-run drivers of asset prices

  • Asset pricing in an international context
  • Institutional investor demand, lending supply and asset prices
  • Tradable risk factors and their links to the macro economy

We welcome theoretical and empirical papers aiming to understand the longer-run determinants of asset prices, especially in an international context.

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Asset Pricing - Empirical (APE)

  • Equities: Prices and returns
  • Stock return anomalies
  • Return predictability
  • Factor models
  • Tests of asset pricing models
  • Market efficiency
  • Portfolio choice, investments, asset allocation
  • Monetary and macroeconomic effects
  • Institutional effects
  • Financial crisis
  • Government policy and regulation
  • Leverage effects
  • Liquidity, frictions, limits to arbitrage
  • Learning, information processing and transmission
  • Volatility, risk management
  • Fixed income securities: prices and returns
  • Commodities: prices and returns
  • Derivatives and continuous-time models

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Asset Pricing - Theory (APT)

  • General
  • Equities
  • Market efficiency
  • Portfolio choice, investments, asset allocation
  • Asset returns in macroeconomic models
  • Government policy and regulation
  • Monetary and macroeconomic effects
  • Leverage effects
  • Liquidity, frictions, limits to arbitrage
  • Learning, information processing and transmission
  • Volatility, risk management
  • Fixed income securities: prices and returns
  • Commodities
  • Derivatives, continuous-time, and mathematical finance

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Behavioral Finance and Household Finance (BH)

  • Empirical
  • Theoretical
  • Asset pricing
  • Corporate finance
  • Financial intermediation
  • Experimental and neuro finance
  • Individual traders/trading strategies
  • Households
  • Underlying principles

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Corporate Finance and Governance - Theory (CFGT)

  • Mergers & acquisitions, restructuring, product markets
  • Capital structure, financing policy, security design
  • Ownership structure
  • Contract and game theoretical models
  • Dynamic models
  • Corporate disclosure, accounting, law, regulation
  • Financial risk and risk management
  • Investment policy, capital budgeting, cost of capital, valuation
  • Security issues
  • CEOs, boards, executive compensation
  • Governance theory-general

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Corporate Finance - Empirical (CFE)

  • Capital structure, financing policy
  • Security design
  • Payout policy
  • Testing theoretical models
  • Event studies
  • Product markets
  • Effects of regulation and monetary policy
  • Financial risk and risk management
  • Investment policy, capital budgeting
  • Cost of capital, valuation
  • Financial constraints
  • Taxes
  • Patents and innovation
  • Security issues

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Corporate Governance - Empirical (CGE)

  • Mergers, acquisitions, corporate control
  • Restructuring, organizational structure
  • Board composition and structure
  • Managerial compensation
  • Corporations and human capital
  • Governance - other
  • Risk management
  • Ownership structure
  • Investor activists
  • Financial distress, bankruptcy, liquidation
  • Contracting mechanisms
  • Corporate disclosure and accounting
  • Politics and regulation
  • Product markets

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Financial Econometrics (FE)

  • Model testing
  • Quasi-experimental research designs
  • Time series
  • Volatility and correlations
  • Other

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Financial Intermediation and Institutions - Empirical (FIIE)

  • Banks and depository institutions
  • Bank lending
  • Central banks
  • Ratings and rating agencies
  • Financial stability and systemic risk
  • Bank regulation and supervision
  • Bank risk management
  • Collateral
  • Investment banking, venture capital, private equity, brokerage
  • Financial instruments
  • Analysts
  • Asset management, mutual funds
  • Hedge funds
  • Pension funds, endowment funds
  • Insurance
  • Financial history

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Financial Intermediation and Institutions - Theory (FIIT)

  • Contract and game theoretical models
  • Dynamic models
  • Banks and depository institutions
  • Central banks
  • Financial stability and systemic risk
  • Bank regulation and supervision
  • Money, credit, collateral
  • Investment banking, venture capital, private equity, brokerage, analysts
  • Financial instruments
  • Market design
  • Funds and asset management
  • Intermediation and institutions vs markets
  • Other financial institutions

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Financial Markets General (FMG)

  • Empirical
  • Theoretical
  • Equities
  • Fixed income markets
  • Commodities
  • Interbank, money and repo markets
  • Real estate markets
  • Other financial markets
  • Information
  • Market efficiency
  • Volume, returns
  • Volatility and correlations
  • Market linkages
  • Financial crises
  • Macroeconomic effects
  • Monetary and central bank effects
  • Institutional effects
  • Government policy and regulation
  • Microstructure general
  • High-frequency trading
  • Liquidity, frictions, limits to arbitrage
  • Market structure and design issues
  • Price formation and Price discovery
  • Information and disclosure

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International Finance (IF)

  • Emerging markets
  • Exchange rates
  • International asset pricing
  • International corporate finance
  • International institutions and intermediation
  • Stock, bond, and currency dynamics
  • Other

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Doctoral Tutorial

Students can choose among all tracks and topics listed above, excluding special sessions.

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