[vc_row css=».vc_custom_1728300666713{margin-top: 50px !important;}»][vc_column][vc_empty_space height=»60px»][vc_column_text css=».vc_custom_1775754017063{margin-top: 50px !important;margin-bottom: 50px !important;}»]AEFIN would like to express its sincere gratitude to SANFI and INDEXA for their generous financial support of Mentoring Day. Their contribution is vital in fostering high-quality research among this year’s participants.[/vc_column_text][vc_empty_space][vc_column_text css=».vc_custom_1770033143608{margin-top: 50px !important;margin-bottom: 50px !important;}»]
PHD MENTORING DAY Coordinator
The PhD Mentoring Day will be held on July 8, 2026, one day prior to the start of the 33rd Finance Forum coordinated by Scientific Committee Director, Victoria Vanasco (CREI and AEFIN) and Sergio Vicente (Université du Luxembourg)[/vc_column_text][vc_empty_space height=»60px»][vc_row_inner css=».vc_custom_1705315687057{background-color: #f2f2f2 !important;}»][vc_column_inner width=»1/4″][vc_single_image image=»2899″ img_size=»medium» alignment=»center» css=»»][vc_column_text css=»»]
Sergio Vicente
[/vc_column_text][/vc_column_inner][vc_column_inner width=»3/4″][vc_column_text css=».vc_custom_1765805170851{margin-top: 25px !important;margin-bottom: 50px !important;}»]Sergio Vicente is Assistant Professor at the Department of Finance of the University of Luxembourg. He graduated with a Ph.D. in Economics from New York University and an M.A. in Economics from Universitat Autónoma de Barcelona. His research interests focus on banking theory, empirical banking, banking regulation, FinTech and political economy.[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_empty_space][vc_column_text css=».vc_custom_1706622661724{margin-top: 50px !important;margin-bottom: 50px !important;}»]
Invited Professors
[/vc_column_text][vc_row_inner css=».vc_custom_1705315682043{background-color: #f2f2f2 !important;}»][vc_column_inner width=»1/4″][vc_single_image image=»2900″ img_size=»medium» alignment=»center» css=»»][vc_column_text css=»»]
Juanita González-Uribe
[/vc_column_text][/vc_column_inner][vc_column_inner width=»3/4″][vc_column_text css=».vc_custom_1765805191508{margin-top: 50px !important;margin-bottom: 50px !important;}»]Juanita González-Uribe is Associate Professor in Finance at the London School of Economics and Political Science. She holds a Ph.D. in Finance and Economics from Columbia University. She is a research fellow at the Centre for Economic and Policy Research, where she co-organizes the We_ARE Women in Economics seminar series. She is also co-director of LSE’s Financial Markets Group. She specializes in entrepreneurship, private equity and innovation.[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_empty_space][vc_row_inner css=».vc_custom_1705315692137{background-color: #f2f2f2 !important;}»][vc_column_inner width=»1/4″][vc_single_image image=»2901″ img_size=»medium» alignment=»center» css=»»][vc_column_text css=»»]
Joel Shapiro
[/vc_column_text][/vc_column_inner][vc_column_inner width=»3/4″][vc_column_text css=».vc_custom_1770057637757{margin-top: 50px !important;margin-bottom: 50px !important;}»]Joel Shapiro is Professor of Financial Economics at the University of Oxford. He received his PhD in Economics in 2000 from Princeton University. His main area of expertise is the regulation and governance of financial institutions. His work has been cited by regulators such as the SEC, the Federal Reserve Board of Governors and the European Commission, and he has been invited by regulatory authorities such as the SEC, Bank of England, ESMA, New York Fed, and ECB to present his work and discuss policy matters. He is on the advisory board of SOFR Academy.[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_empty_space][vc_column_text css=».vc_custom_1774466390529{margin-top: 50px !important;margin-bottom: 50px !important;}» el_id=»mentors»]MENTORS
We will also have a group of outstanding mentors attending students’ presentations and offering them valuable feedback:
Chair: Eva Schliephake (Universidade Católica Portuguesa)
Mentor: José María Martín-Flores (CUNEF)
Mentor: Javier Suárez (CEMFI)
Chair: Andrés Almazán (The University of Texas at Austin)
Mentor: Anna Toldrà (Universidad Carlos III de Madrid)
Mentor: Pablo Ruiz-Verdú (Universidad Carlos III de Madrid)
Chair: José Faias (Universidade Católica Portuguesa)
Mentor: Belén Nieto (University of Alicante)
Mentor: Pedro Saffi (CUNEF)
Chair: Fernando Zapatero (Boston University)
Mentor: Melissa Prado (Universidade Nova de Lisboa, NOVA)
Mentor: Rafael Zambrana (University of Notre Dame)
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Phd MENTORING DAY – PROGRAM OVERVIEW
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WEDNESDAY, JULY 2, 2025
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| 8:45-9:00 | Registration | Main Hall |
|---|---|---|
| 9:00-9:15 | Welcome to the PhD Mentoring Day Roberto Steri (University of Luxembourg) |
A-005 |
| 9:15-10:15 | Mentoring Advice I Diana Bonfim (Banco de Portugal, ECB, Católica Lisbon) |
A-005 |
| 10:15-10:45 | Coffee Break | Cafetería |
| 10:45-13:05 | Morning Parallel Sessions I. Asset Pricing II. Corporate Finance |
A-005 A-006 |
| 13:05-14:30 | Lunch Break | El Txoko del Sadar |
| 14:30-16:50 | Afternoon Parallel Sessions III. Intermediaries IV. Banking |
A-005 A-006 |
| 17:00-18:00 | Mentoring Advice II Fernando Zapatero (Boston University) |
A-005 |
| 18:00-18:15 | Farewell Roberto Steri (University of Luxembourg) |
A-005 |
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PhD MENTORING DAY – PARALLEL SESSIONS DETAILS
I. Asset Pricing
July 2, 2025, 10:45 to 13:05
Location: A-005
Session Chair: Dante Amengual (CEMFI)
Mentors: Juan-Pedro Gómez (IE Business School)
Jose Penalva (Universidad Carlos III de Madrid)
Short Sales and the Cash Flow Channel: Evidence from FOMC Announcements
Presenter: Bogdan Stankovski (Vienna Graduate School of Finance)
Does Retail Order Flow Internalization Increase Information Acquisition?
Presenter: David García-Méndez (Universidad Carlos III de Madrid)
Pairs-Trading a Sparse Synthetic Control
Presenter: Jesús Villota-Miranda (CEMFI)
Asset Systematic Risk and Capital Structure
Presenter: Javier Martinez (Universidad de Castilla-La Mancha)
II. Corporate Finance
July 2, 2025, 10:45 to 13:05
Location: A-006
Session Chair: Andres Almazan (University of Texas at Austin)
Mentors: Anna Toldrà (Universidad Carlos III de Madrid)
Roberto Steri (University of Luxembourg)
Female Skin in the Game: Bridging the Gender Financing Gap
Presenter: Kristine Sahakyan (ESCP Business School)
Do the elements of biodiversity affect financial risk? An analysis for US firms
Presenter: Almudena García-Sanz (Universidad Complutense de Madrid)
The Strategic ESG Talk and Investor Bias
Presenter: Fangfang Wang (Universitat Autònoma de Barcelona)
Competition Laws and Corporate Financial Structure. A Channel Analysis
Presenter: Amós Garcia Martinez (Universidad de Oviedo)
III. Intermediaries
July 2, 2025, 14:30 to 16:50
Location: A-005
Session Chair: Fernando Zapatero (Boston university)
Mentors: Pablo Ruiz-Verdú (Universidad Carlos III de Madrid)
Rafael Zambranana (University of Notre Dame)
Asset (and Data) Managers
Presenter: Marco Zanotti (Swiss Finance Institute; USI Lugano)
Man vs. Machine: The Influence of AI Forecasts on Investor Beliefs
Presenter: Francesco Stradi (KU Leuven)
How to Model Bank Competition: The Case for Cournot
Presenter: Chiara Lattanzio (University College London)
Does your neighbor’s debt crowd out yours?
Presenter: Sameh Marei (ESADE Business School)
IV. Banking
July 2, 2025, 14:30 to 16:50
Location: A-005
Session Chair: Diana Bonfim (Banco de Portugal, ECB, Católica Lisbon)
Mentors: David Martíne-Miera (Universidad Carlos III de Madrid)
Sergio Vicente (University of Luxembourg)
Javier Suarez (CEMFI)
Real Effects of Bernanke-Kuttner: The Risk Channel of Monetary Policy on Corporate Investment
Presenter: Zhou Ren (Vienna Graduate School of Finance)
Anything but Equity – On Banks’ Preference for Hybrid Debt
Presenter: Tanja Brieden (Vienna Graduate School of Finance)
Balancing Trade-offs: Bank Run Risk and Interest Rate Risk Management for Small Banks
Presenter: Debosmita Chatterjee (City St George’s University of London)
The expected loss model and model-based regulation: unintended effects on income smoothing
Presenter: Mariana González Alzueta (Universidad de Oviedo
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WEDNESDAY JULY 3, 2024 – PhD Mentoring Day
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| 9:00-9:15 | Welcome to the PhD Mentoring Day: Grade Hall |
|---|---|
| 9:15-10:15 | Mentoring Advice I: Hans Degryse, KU Leuven -Grade Hall |
| 10:15-10:30 | Coffee Break |
| 10:30-12:50 | Parallel Sessions |
| 12:50-14:45 | Lunch Break |
| 14:45-16:30 | Parallel Sessions |
| 16:30-16:45 | Coffee Break |
| 16:45-17:45 | Mentoring Advice II: Roni Michaely, University of Hong Kong – Grade Hall |
[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width=»stretch_row» disable_element=»yes» css=».vc_custom_1727857118194{background-color: #f2f2f2 !important;}»][vc_column][vc_column_text css=».vc_custom_1656522347889{margin-top: 50px !important;margin-bottom: 50px !important;}»][/vc_column_text][vc_column_text]PARALLEL SESSIONS A (from 10:30 to 12:50 h.)
Classrooms of the Faculty of Economics, Business and Tourism[/vc_column_text][vc_column_text css=».vc_custom_1719906075065{margin-top: 50px !important;margin-bottom: 50px !important;}»]Session A1 (Grade Hall): BANKING
| Wednesday 3, 10:30h., Grade Hall | ||
|---|---|---|
| Chair: Javier Suarez | ||
| Mentors: Hans Degryse, David Martinez Miera, Anna Toldra | ||
| ID | Title | Author |
| 123 | Financial Deregulation and Fertility Decisions: The Unintended Consequences of Banking Legislation | Julian Soriano Harris |
| 164 | Pledgeability, Monitoring, and Credit Reallocation | Tong Zhao |
| 222 | The fintech lending channel of monetary policy | Lavinia Franco |
| 26 | Repeated Interaction in Distant Lending Relationships | Malte Heissela |
[/vc_column_text][vc_column_text css=».vc_custom_1717746630691{margin-top: 50px !important;margin-bottom: 50px !important;}»]Session A2 (Classroom F.2.5): ASSET PRICING
| Wednesday 3, 10:30h., Classroom F. 2.5 | ||
|---|---|---|
| Chair: Fernando Zapatero | ||
| Mentors: Dante Amengual, Belen Nieto | ||
| ID | Title | Author |
| 163 | Alpha Accounting | Jan Sandoval |
| 196 | Selection Neglect and the Cross-Section of Wine Returns | Robbe Van Tillo |
| 77 | Extrapolative investor beliefs and salience across stocks | Eva Mynot |
| 146 | Earnings News Insights: Option-Implied Predictors, Bias Expectation, and Mispricing | Maosen Wang |
[/vc_column_text][vc_column_text css=».vc_custom_1717746750573{margin-top: 50px !important;margin-bottom: 50px !important;}»]Session A3 (Classroom F.2.6): SUSTAINABILITY
| Wednesday 3, 10:30h., Classroom F. 2.6 | ||
|---|---|---|
| Chair: Javier Gil-Bazo | ||
| Mentors: Roni Michaely, Ariadna Dumitrescu | ||
| ID | Title | Author |
| 51 | The Effects of ESG Ratings on Firms’ Financial Decisions | Sahand Davani |
| 170 | Do Homeowners Care About Sustainability? | Milind Goel |
| 198 | Resilience of mutual funds to climate transition shocks | Diana Mykhalyuk |
| 54 | Talk vs. Walk: Lessons from Silent Sustainable Investing of Mutual | Haoran Wu |
[/vc_column_text][/vc_column][/vc_row][vc_row full_width=»stretch_row» disable_element=»yes» css=».vc_custom_1727857118194{background-color: #f2f2f2 !important;}»][vc_column][vc_column_text css=».vc_custom_1656522347889{margin-top: 50px !important;margin-bottom: 50px !important;}»][/vc_column_text][vc_column_text]PARALLEL SESSIONS A (from 10:30 to 12:50 h.)
Classrooms of the Faculty of Economics, Business and Tourism[/vc_column_text][vc_column_text css=».vc_custom_1719906075065{margin-top: 50px !important;margin-bottom: 50px !important;}»]Session A1 (Grade Hall): BANKING
| Wednesday 3, 10:30h., Grade Hall | ||
|---|---|---|
| Chair: Javier Suarez | ||
| Mentors: Hans Degryse, David Martinez Miera, Anna Toldra | ||
| ID | Title | Author |
| 123 | Financial Deregulation and Fertility Decisions: The Unintended Consequences of Banking Legislation | Julian Soriano Harris |
| 164 | Pledgeability, Monitoring, and Credit Reallocation | Tong Zhao |
| 222 | The fintech lending channel of monetary policy | Lavinia Franco |
| 26 | Repeated Interaction in Distant Lending Relationships | Malte Heissela |
[/vc_column_text][vc_column_text css=».vc_custom_1717746630691{margin-top: 50px !important;margin-bottom: 50px !important;}»]Session A2 (Classroom F.2.5): ASSET PRICING
| Wednesday 3, 10:30h., Classroom F. 2.5 | ||
|---|---|---|
| Chair: Fernando Zapatero | ||
| Mentors: Dante Amengual, Belen Nieto | ||
| ID | Title | Author |
| 163 | Alpha Accounting | Jan Sandoval |
| 196 | Selection Neglect and the Cross-Section of Wine Returns | Robbe Van Tillo |
| 77 | Extrapolative investor beliefs and salience across stocks | Eva Mynot |
| 146 | Earnings News Insights: Option-Implied Predictors, Bias Expectation, and Mispricing | Maosen Wang |
[/vc_column_text][vc_column_text css=».vc_custom_1717746750573{margin-top: 50px !important;margin-bottom: 50px !important;}»]Session A3 (Classroom F.2.6): SUSTAINABILITY
| Wednesday 3, 10:30h., Classroom F. 2.6 | ||
|---|---|---|
| Chair: Javier Gil-Bazo | ||
| Mentors: Roni Michaely, Ariadna Dumitrescu | ||
| ID | Title | Author |
| 51 | The Effects of ESG Ratings on Firms’ Financial Decisions | Sahand Davani |
| 170 | Do Homeowners Care About Sustainability? | Milind Goel |
| 198 | Resilience of mutual funds to climate transition shocks | Diana Mykhalyuk |
| 54 | Talk vs. Walk: Lessons from Silent Sustainable Investing of Mutual | Haoran Wu |
[/vc_column_text][/vc_column][/vc_row][vc_row full_width=»stretch_row» disable_element=»yes» css=».vc_custom_1727857156011{background-color: #ffffff !important;}»][vc_column][vc_column_text css=».vc_custom_1656522347889{margin-top: 50px !important;margin-bottom: 50px !important;}»][/vc_column_text][vc_column_text]PARALLEL SESSIONS B (from 14:45 to 16:30 h.)
Classrooms of the Faculty of Economics, Business and Tourism[/vc_column_text][vc_column_text css=».vc_custom_1717747160105{margin-top: 50px !important;margin-bottom: 50px !important;}»]Session B1 (Classroom F.2.5): PEER EFFECTS
| Wednesday 3, 14:45h., Classroom F. 2.5 | ||
|---|---|---|
| Chair: Andrés Almazan | ||
| Mentors: Anna Toldra | ||
| ID | Title | Author |
| 149 | Common Ownership and Automation | Joseph Alexander Emmens |
| 224 | Closing sectoral gender gaps in STEM and Finance | Kristine Sahakyan |
| 178 | Green Neighbors, Greener Neighborhoods | Christine Zhuowei Huang |
[/vc_column_text][vc_column_text css=».vc_custom_1717747169889{margin-top: 50px !important;margin-bottom: 50px !important;}»]Session B2 (Classroom F.2.6): FIXED INCOME
| Wednesday 3, 14:45h., Classroom F. 2.6 | ||
|---|---|---|
| Chair: Dante Mengual | ||
| Mentors: Fernando Zapatero | ||
| ID | Title | Author |
| 153 | Cultural Bonds | Francesco Stradi |
| 189 | Fixed-income Asian and Australian options | Leon-Perez Belén |
| 100 | Slope and Curvature of the Currency Forward Curve | Ang Lia |
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Morning Session I
Chair: Javier Suárez
Mentors: Sergio Vicente, David Martínez-Miera
“Quantity or quality? The impact of China’s stimulus-driven credit expansion on sectoral investment”, by J. Gong
“Opioid epidemic and mortgage default”, by T. Karimli
“Overbuilding and recession: A new drawback of housing market boom-and-bust cycle”, by X. Shi
Morning Session II
Chair: Fernando Zapatero
Mentors: Rafael Zambrana, Dante Amengual
“On the relevance of variances and correlations for multi-factor investors”, by T.O.K. Zeissler
“Measuring the impact of carbon transition risk in the equity performance of energy corporations”, by I. Figuerola-Ferretti, F.J. Sanz & T. Tang
“Feedback effect, competition for attention and the value of information technology progress”, by Z. Ye
Afternoon Session I
Chair: Christian Eufinger
Mentors: Anna Toldrà, Andrés Almazán
“Vanishing searches and audit fees: Evidence from Google’s withdrawal from China”, by C. Zu
“IPOs of small companies: New facts on listing and performance”, by J.N. Ziadeh
“Privacy regulation and fintech lending”, by S. Doerr, L. Gambacorta, L. Guiso & M. Sanchez del Villar
Afternoon Session II
Chair: Dante Amengual
Mentors: Alfredo Ibánez, José Penalva
“Monthly Return Autocorrelation”, by G. Graziani
“Detecting, characterising and predicting arbitrage opportunities in international rights issues”, by M. Verdú Henares, Ó. Carchano Alcina & J .Ruiz Andújar
“Macroeconomic announcements and the news that matters most to investors”, by S. Badidi, M. Boons & R. Frehen[/vc_column_text][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row disable_element=»yes» css=».vc_custom_1728300650306{padding-top: 100px !important;padding-bottom: 100px !important;}»][vc_column][vc_column_text css=».vc_custom_1727857340422{margin-top: 50px !important;}»]
The information will be available soon. Stay tuned for updates!
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