ESSFM 2018

European Summer Symposium in Financial Markets (ESSFM) 2018

Hosted by the Study Center Gerzensee (Foundation of the Swiss National Bank)

Gerzensee, Switzerland

Monday 16 July - Friday 27 July 2018


Corporate Finance (16-20 July)

 Asset Pricing (23-27 July)

The 29th CEPR/Study Center Gerzensee European Summer Symposium in Financial Markets (ESSFM) will take place in Gerzensee from 16 to 27 July 2018. The Organising Committee for this symposium consists of: Terrence Hendershott (University of California, Berkeley), Dmitry Livdan (University of California, Berkeley) and Vikrant Vig (London Business School and CEPR). 

The meeting will include daily seminars in the morning, in which participants present their work, as well as less formal evening seminars scheduled at the beginning of the Symposium. A substantial amount of time is reserved for independent work and collaborative research, which provides participants with a unique opportunity to interact and discuss each other's research.

In addition, four mornings will be devoted to 'focus sessions', each of which concentrates on some recent developments in corporate finance (week one: 16-20 July) and asset pricing (week two: 23-27 July).

The focus sessions for the corporate finance week are organised by Patrick Bolton (Columbia Business School and CEPR) on the theme of "Political Economy" and by Dirk Jenter (London School of Economics and CEPR) on the theme of "Corporate Governance". 

The focus sessions for the asset pricing week are organised by Hanno Lustig (Stanford) and Nicolae Garleanu (UC Berkeley). One of the themes will focus on "Heterogeneity, Inequality, and Asset Returns" featuring speakers Matthieu Gomez (Columbia University), Stavros Panageas (UCLA) and Pietro Veronesi (Chicago Booth and CEPR). Speakers confirmed exploring the ‘Recent Advances in International Finance’ are Wenxin Du (Federal Reserve Board), Benjamin Hébert (Stanford GSB) and Adrien Verdelhan (MIT Sloan).

To foster the desired interaction, we ask participants to spend one working week at the Symposium. Committing to attend for only two or three days is not fair to the speakers, to all those who spared the time to attend, and especially to the many researchers whose applications were turned down. 

A full programme will be published in due course.

Terrence Hendershott (University of California, Berkeley)
Dmitry Livdan (University of California, Berkeley)
Vikrant Vig (London Business School and CEPR)