logo stampa
back
Bocconi Event
Bocconi University - Deutsche Bank Room (AS02), via Röntgen 1 - Milano
Free admission

Securities Markets 2019

Trends, Risks, Policies


Welcome Addresses
Anna Genovese Deputy Chairman, CONSOB Italian Stock Exchange Commission
Donato Masciandaro Bocconi University


Introductory Session
Carmine Di Noia Commissioner, CONSOB  Italian Stock Exchange Commissionm and Chairman, Committee of Economic and Markets Analysis,ESMA European Securities and Markets Authority
Christian Winkler
Team Leader, Markets and Investors, ESMA European Securities and Markets Authority


First Session

Market Efficiency, Derivatives, and Post-Trading
Chair Claudia Guagliano ESMA European Securities and Markets Authority

Quasi-Dark Trading. The Effects of Banning Dark Pools in a World of Many Alternatives
Thomas Johann University of Mannheim
Talis Putnins University of Technology Sydney and Stockholm School of Economics
Satchit Sagade Goethe University Frankfurt
Christian Westheide (S) University of Vienna

Compressing Over-The-Counter Markets
Marco D'Errico European Systemic Risk Board
Tarik Roukny (S) MIT Massachusetts Institute of Technology

Understanding the Use of Derivatives by Special-Purpose Entities. New Evidence from EMIR Data
Pawel Fiedor (S) Central Bank of Ireland
Neill Killeen Central Bank of Ireland


Second Session

Investor Protection and Financial Education
Chair Nadia Linciano Head of Economic Research Unit, CONSOB — Italian Stock Exchange Commission

Are Pictures Worth a Thousand Words? Infographics and Investment Decision Making
Ruben Cox (S) Erasmus School of Economics
Peter De Goeij Tilburg University
Geert Van Campenhout European Commission and Faculty of Economics and Business, KU Leuven

Nudging Financial and Demographic Literacy. Experimental Evidence from an Italian Pension Fund
Francesco Billari Bocconi University
Carlo Favero Bocconi University
Francesco Saita (S) Bocconi University

The Role of Financial Literacy and Money Education on Wealth Decisions
Alessandro Bucciol University of Verona
Martina Manfrè (S) University of Verona
Marcella Veronesi University of Verona


Third Session

Central Bank Operations and Their Impact on Financial Markets in Times of Distress
Chair Paolo Colla Bocconi University

Central Bank-Driven Mispricing
Loriana Pelizzon Ca' Foscari University of Venice and SAFE, Goethe University Frankfurt
Marti G. Subrahmanyam Stern School of Business, New York University
Davide Tomio (S) Darden School of Business
Jun Uno Waseda University

The Fire-Sale Channels of Universal Banks in the European Sovereign Debt Crisi
Giulio Bagattini (S) Frankfurt School of Finance and Management
Falko Fecht Frankfurt School of Finance and Management
Patrick Weber Deutsche Bundesbank

Safe Asset Shortages. Evidence from the European Government Bond Lending Market
Reena Aggarwal McDonough School of Business, Georgetown University
Jennie Bai (S) McDonough School of Business, Georgetown University
Luc Laeven European Central Bank and CEPR Centre for Economic Policy Research


Fourth Session

Corporate Governance and Corporate Finance
Chair Marina Brogi Sapienza University of Rome

Do Managers Define Compensation Results to Meet or Beat Performance Targets in Annual Incentive Plans?
Daniel Sungyeon Kim (S) Peking University
Xiumin Martin Washington University in St. Louis
Hojun Seo National University of Singapore
Jun Yang Indiana University

Great Expectations? Bankruptcy Law Reforms and Bank Credit for SMEs
Marco Ghitti (S) SKEMA Business School
Florencio López de Silanes SKEMA Business School, and NBER National Bureau of Economic Research

Bank Credit and Market-Based Finance for Corporations. The Effects of Minibond Issuances in Italy
Steven Ongena University of Zurich
Sara Pinoli Bank of Italy
Paola Rossi Bank of Italy 
Alessandro D. Scopelliti (S) European Central Bank and University of Zurich


Concluding Remarks
Andrea Sironi Bocconi University, and President, Borsa Italiana





For Information
BAFFI CAREFIN Center for Applied Research on International Markets, Banking, Finance, and Regulation
tel +39 025836.5306
bafficarefin@unibocconi.it


RELATED EVENTS

DOCUMENTS