Adam Smith Workshop 2026 Programme is now available.
Links to presented papers:
A) Asset Pricing papers
Incentive Constrained Risk Sharing, Segmentation and Asset Pricing
An Intermediation-Based Model of Exchange Rates
Financial Innovation and Asset Prices
Turning Alphas into Betas: Arbitrage and Endogenous Risk
ETF Arbitrage under Liquidity Mismatch
Out-of-Town Buyers and City Welfare
The Finance-Uncertainty Multiplier
Funding Constraints and Informational Efficiency
Term Structure of Risk in Expected Returns
The Sound of Many Funds Rebalancing
B) Corporate Finance Papers
Predictably Unequal? The Effects of Machine Learning on Credit Markets
The Information Content of Dividends: Safer Profits, Not Higher Profits
Entrepreneurship and Information on Past Failures: A Natural Experiment
Persistent Blessings of Luck
The Insurance is the Lemon: Failing to Index Contracts
For Richer, For Poorer: Banker’s Skin-in-the-game and Risk Taking in New England, 1867-1880
CAPM-Based Company (Mis)valuations
Squaring Venture Capital Valuations with Reality
C) Joint Asset Pricing and Corporate Finance Papers
Political Cycles and Stock Returns
The Collateral Rule: An Empirical Analysis of the CDS Market