Yearly Archives: 2024

Call for Papers: Alpine Finance Summit (AFS) 2024
Conference Organizers:
Prof. Dr. Jochen Lawrenz (University of Innsbruck, Austria)
Prof. Dr. Sebastian Stöckl (University of Liechtenstein, Liechtenstein)
Prof. Dr. Sebastian Utz (University of Augsburg, Germany)
Prof. Dr. Florian Weigert (University of Neuchâtel, Switzerland)

Overview
The Alpine Finance Summit (AFS) is an exclusive and high-caliber conference devoted to the presentation and discussion of academic finance working papers.

Research Focus
The scientific focus of the conference lies on research in the areas of Asset Pricing, Investments, Sustainable Finance, Innovative Finance, and FinTech. We welcome empirical, experimental, and theoretical contributions which have not been published in a scientific journal.

Conference Date and Venue
The AFS will take place at the Hotel Innsbruck (Innrain 3, 6020 Innsbruck, Austria), a stylish 4-star hotel directly located in downtown Innsbruck from Sunday, August 25th – Wednesday, August 28th, 2024. Accommodation for all conference participants is reserved at the Hotel Innsbruck for a reduced rate of 179 EUR per night. Please directly book with the code: AFS-2024 at the Hotel Innsbruck. All participants are expected to stay for the entire conference.
The conference directly follows the 2024 European Finance Association (EFA) meeting in Bratislava. It is possible to reach Innsbruck from Bratislava by train in 5:30 hours on a direct train connection.

Paper Submission
Submission Deadline: 15/03/2024 (CET, Midnight)
Submit your fully developed working paper at https://www.conftool.com/alpinefinancesummit2024. Selection of papers is determined via a blind-review process; hence author identities must be concealed at submission. Authors are allowed to submit more than one paper. There is a submission fee of EUR 50 per paper.
Authors will be notified on the acceptance/refusal of their article in April 2024.

Keynote Speaker
We are happy to announce that the keynote speech will be given by Prof. Michael Weber, Ph.D. from the University of Chicago Booth School of Business.

Social Program
Similar to the vision of “winter finance conferences”, particular focus is devoted to a social program for summer outdoor activities, such as hiking, mountain biking, and summer sledding. These activities will be organized during the conference and all conference participants are encouraged to participate. Detailed information on the social program will be provided in spring 2024.

Conference Fee
The conference fee is 350 EUR per participant. It includes an apéro riche on the first conference day and the conference dinner on the third conference day.

Further Information
Further information can be retrieved on the conference homepage: www.alpinefinancesummit.org
Submit questions and requests to alpinefinancesummit@gmail.com

30th Annual Meeting of the German Finance Association (DGF)
RWTH Aachen University, September 26-28, 2024

We cordially invite researchers and practitioners to participate in the 30th Annual Meeting of the German Finance Association (DGF) organized by the Department of Finance of RWTH Aachen University between September 26 and 28, 2024.

Call for Papers
We invite submissions of recent research papers. Guidelines for the submission are:

• Submissions are only accepted through the online submission system (https://www.conftool.net/dgf2024/index.php?page=submissions).
• The submission period is from February 01, 2024, to April 30, 2024 (midnight, CET).
• Submissions are subject to a double-blind review process. Thus, papers have to be submitted in an anonymous format (no reference(s) to author(s) or affiliation(s)).
• Only full papers in English are considered for review. Papers should be accompanied by an abstract of no more than 120 words.
• Submissions accepted for presentation are also eligible for inclusion in a special issue of the Journal of Business Economics which will feature, among other articles, a synopsis of Stefan Nagel’s keynote speech. Stefan Nagel will also be among the co-editors for this special issue (see separate call on the Journal homepage; independent submission required, this is not an official publication outlet of the DGF)

• For all necessary information (including location, accommodation, etc.) please visit www.dgf2024-conference.de.

On September 26, 2024, RWTH Aachen University will host several events, including a doctoral workshop and a Women-in-Finance event. Beginning in the early afternoon at about 3:00 pm, all conference participants are invited to join:

• a Women-in-Finance keynote speech by Mila Getmansky Sherman (University of Massachusetts Amherst, Is-enberg School of Management),
• a Meet-the-Editors session with Thierry Foucault (HEC Foundation Chaired Professor of Finance) and Stefan Nagel (Fama Family Distinguished Service Professor of Finance at the University of Chicago, Booth School of Business),
• a practitioners’ talk on asset management.

We are looking forward to welcoming all participants to the get-together starting at 7:00 pm and hope for strong partici-pation in the Thursday events. For more information on the Women-in-Finance event and the doctoral workshop, please visit www.dgf2024-conference.de.

On September 27 and 28, 2024, the School of Business Studies of FH Aachen will host about 30 sessions and a poster session, featuring the presentations of approximately 95 research papers. We are particularly proud to announce that this year’s keynote speech will be delivered by Stefan Nagel. Following the keynote, participants will have the opportunity to join a city tour of the beautiful and historic city of Aachen, followed by the conference dinner at City Hall Aachen.

The best paper and the best paper exclusively written by a PhD student will both be awarded prizes.

This year’s conference will include the following special sessions:

Deutsche Bundesbank Session on Banking Supervision & Regulation:
Topics to be addressed in this dedicated session include the linkages between bank and non-bank financial intermediaries, credit, sovereign and ESG risk, deposit stability and liquidity risk, interest rate risk and asset/liability management, stress testing and risk models, systemic risk and financial stability, as well as big data and machine learning in financial regulation.

VR-Bank eG – Region Aachen Session on Household Finance and Retail Banking:
This dedicated session centers around research related to the financial decision-making of private households. The topics covered include consumer behavior in retail banking, financial inclusion, literacy, and accessibility, technological inno-vations in personal finance, household expectations regarding economic issues, household consumption and saving behavior, as well as behavioral economics in household finance.

Session on Stochastic Finance and Statistics:
The dynamic nature of financial markets and the inherent yet changing risks, ranging from systemic to asset-specific risks, require reliable and sophisticated methods to support the management of risk exposures and mitigation of financial risks. Therefore, this session is dedicated to exploring how one can measure, detect, surveil, and infer changes in the stochastic structure of financial data and risks.

Session on Behavioral and Experimental Finance:
Behavioral perspectives are now being integrated into various fields to enhance our understanding of decision-making and market outcomes. Experiments have become a popular method for causally studying these behavioral questions. This session aims to bring together work from all fields of finance where research is conducted with a behavioral per-spective and/or through experimental methods. The goal is to better understand when behavioral approaches are nec-essary to accurately describe behavior and when such descriptions can be based on standard assumptions.

Early bird registration for conference participation is from May 1 to July 31, 2024. Late registration starts September 1 and is available until September 20, 2024.
We are looking forward to an interesting conference and to welcoming you to Aachen!

Kind regards,
Wolfgang Breuer      Andreas Knetsch      Philipp Schmitz
Peter Letmathe        Lisa Spantig                Ansgar Steland

CALL FOR PAPERS

Workshop on Banking and Finance in Emerging Markets
August 19-20, 2024
Bank of Finland, Helsinki

Workshop is organized by LaRGE Research Center (University of Strasbourg), Bank of Finland Institute for Emerging Economies (BOFIT), and Gabelli School of Business, Fordham University (New York). We are happy to organize already the 10th edition of this banking workshop.

KEYNOTE SPEAKER: ROSS LEVINE (Stanford University)

TOPICS: The workshop organizers invite researchers to submit empirical papers covering all areas of banking and finance in emerging markets. Possible topics include but are not limited to the following:

• banking and institutions
• political economy of banking
• banking and development
• non-bank financial intermediation
• finance and conflicts
• financial stability in emerging markets
• institutional underpinnings of financial systems

PAPER SUBMISSION PROCEDURE: Those interested in presenting a paper should submit a copy of their research in PDF format via online submission form. Only complete papers will be considered. There is no conference fee. The deadline for submission is April 1, 2024. The authors of accepted papers will be notified by May 3, 2024.

PROGRAM COMMITTEE: Zuzana Fungáčová (BOFIT), Iftekhar Hasan (Fordham University), Iikka Korhonen (BOFIT), Paul Wachtel (New York University), Laurent Weill (LaRGE Research Center, University of Strasbourg).

Generative AI in Finance

The aim of the special issue is to feature articles at the forefront of Generative AI research across a broad spectrum of interest including, but not limited to, corporate finance, fintech, digital finance, asset pricing, financial stability, banking, risk management, portfolio management, behavioral finance, personal finance, and real estate — all within the context of viable existing or potential future applications of Generative AI.

Guest editors:

Carol Alexander, University of Sussex

Lars Hornuf, TU Dresden

Denis Schweizer, Concordia University

Special issue information:

This Special Issue seeks to gather together a set of timely and top-tier research papers about the utilization of generative artificial intelligence (AI) in finance. „Generative AI“ pertains to computational methods that have the ability to use public and/or private data to create apparently novel and meaningful materials in the form of text, images, audio files and computer code. This rapidly evolving field presents both challenges and prospects for the financial and banking sectors. Submissions should enhance the understanding of viable existing and potential forthcoming applications of Generative AI in Finance. Two Workshops—in Dresden and Montreal—aim to provide authors with valuable insights from the editorial team prior to submission, and after submission those which are not desk rejected will be provided with constructive referee feedback in an expedited and well-organized review process.

Generative Pre-Trained Transformers (GPT) hold significant promise in the realm of financial research (Cook et al. 2023; Feuerriegel et al. 2023; Pelster and Val 2023). For example, Jiang et al. (2023) claim that they can forecast financial asset prices by extracting contextualized representations of news text on which they employ cutting-edge, large-scale language models. Their findings indicate that information from newswires becomes integrated into prices only after an inefficient delay period (which corresponds to the constraints of arbitrage opportunities) but that this very delay can be leveraged through real-time trading strategies. In a similar vein, Fieberg et al. (2023) extract financial advice from GPT-4 and show that it can provide suitable financial advice for retail investors, by suggesting specific investment portfolios that reflect an investor’s individual circumstances such as risk tolerance, risk capacity, and sustainability preference. And Jha et al. (2023) report that investment scores generated by ChatGPT applied to conference call transcripts are strongly predictive of a companies’ future capital expenditures. However, high-quality research on the application of Generative AI to resolve practical problems in financial markets is only just starting to emerge.

The aim of the special issue is to feature articles at the forefront of Generative AI research across a broad spectrum of interest including, but not limited to, corporate finance, fintech, digital finance, asset pricing, financial stability, banking, risk management, portfolio management, behavioral finance, personal finance, and real estate — all within the context of viable existing or potential future applications of Generative AI.

Manuscript submission information:

The submission system will be open from April 1, 2024. When submitting your manuscript to Editorial Manager, please select the article type “VSI: GenAI in Finance”. Please submit your manuscript before the submission deadline on January 31, 2025.

All submissions deemed suitable to be sent for peer review will be double-blind reviewed by independent reviewers. If your manuscript is accepted it will go into production immediately and will be simultaneously published in the current regular issue and pulled into the online Special Issue. Articles from this Special Issue will appear in different regular issues of the journal, though they will be clearly marked and branded as Special Issue articles.

Please see an example here: Journal of Banking & Finance | Special Issue: The Impact of Global Pandemic on Financial Markets and Institutions | ScienceDirect.com by Elsevier

Please ensure you read the Guide for Authors which together with a link to submit your manuscript is available on the Journal’s homepage at: Journal of Banking & Finance | ScienceDirect.com by Elsevier

Inquiries, including questions about appropriate topics, may be sent electronically to Lars Hornuf, lars.hornuf@tu-dresden.de

References:

Cook, T. R., Kazinnik, S., Hansen, A. L., & McAdam, P. (2023). Evaluating Local Language Models: An Application to Bank Earnings Calls (No. RWP 23-12).

Feuerriegel, S., Hartmann, J., Janiesch, C., & Zschech, P. (2023). Generative AI. Business & Information Systems Engineering, forthcoming.

Fieberg, C., Hornuf, L., & Streich, D. (2023). Using GPT-4 for Financial Advice. Available at SSRN 4488891.

Jha, M., Qian, J., Weber, M., & Yang, B. (2023). ChatGPT and Corporate Policies. Chicago Booth Research Paper, (23-15).

Jiang, J., Kelly, B. T., & Xiu, D. (2022). Expected Returns and Large Language Models. Available at SSRN.

Pelster, M., & Val, J. (2023). Can ChatGPT assist in picking stocks? Finance Research Letters, 104786.

Keywords:

Generative AI, Large Language Models, GPT, ChatGPT, Fintech, NLP

Learn more about the benefits of publishing in a special issue.

Interested in becoming a guest editor? Discover the benefits of guest editing a special issue and the valuable contribution that you can make to your field.

Generative AI in Finance SI Paper Development Workshop

Call for Papers

Keynote Speaker: Michael Weber (University of Chicago, Booth School of Business)

Dresden University of Technology is organizing a Paper Development Workshop together with Carol Alexander from University of Sussex and Denis Schweizer from Concordia University. We invite interested scholars to apply to present and discuss their current research on Generative AI in Finance. The workshop will take place in person on July 5, 2024 in Dresden.

The aim of the paper development workshop is to feature articles at the forefront of Generative AI research across a broad spectrum of interest including, but not limited to, corporate finance, fintech, digital finance, asset pricing, financial stability, banking, risk management, portfolio management, behavioral finance, personal finance, and real estate — all within the context of viable existing or potential future applications of Generative AI.

The workshop is associated with a Special Issue in the Journal of Banking and Finance on Generative AI in Finance and aims to provide authors with valuable insights from the editorial team prior to submission. Acceptance for presentation at the Paper Development Workshop is not a prerequisite for submission to the Special Issue and in no way guarantees acceptance to the Special Issue.

Keynote: The Promises and Pitfalls of Large Language Models in Finance

Submission procedure:

Please submit full articles or extended abstracts to genaifinance@tu-dresden.de by May 1, 2024. Response letters will be sent by May 15, 2024.

Workshop registration and fees:

Registration opens April 1, 2024.

Early-bird registration fee until May 20, 2024: EUR 390

For registrations between May 20 and June 20: EUR 490

PhD students presenting theit sole author paper have 50% discount.

The registration fee covers meals, coffee breaks, and the conference dinner.

Local Organizer:

Lars Hornuf

Program Committee:

Carol Alexander (University of Sussex)

Helen Bollaert (SKEMA Business School)

Lars Hornuf (Dresden University of Technology)

Christine Laudenbach (Goethe University)

Paul Momtaz (TU Munich)

Markus Pelger (Stanford University)

Denis Schweizer (Concordia University)

Michael Weber (University of Chicago)

David Yermack (NYU)

Stefan Zeisberger (Radboud University and University of Zurich)

Contact