Presentations: Presenters are allocated a 30-minute slot with a 20-25-minute presentation that will be followed by a 5–10-minute general discussion. Speakers and session chairs should meet in the lecture theatre at least 5 minutes before their session.
Thursday 11 September
| Time | Details | Room | |||||
|---|---|---|---|---|---|---|---|
| 09:00-09:30 | Conference Registration | LT19, LUMS | |||||
Session 1 – Parallel Sessions | |||||||
| 09:30-11:00 | Parallel Session 1A – Corporate Innovations Chair: Tao Shu Support: Reka Lantos | LT14, LUMS | |||||
| Xiangqian Huang, Chinese University of Hong Kong Paid Sick Leave Mandates, Skilled Labor, and Corporate Innovation (with Tao Shu, Chinese University of Hong Kong). | |||||||
| Tao Shu, Chinese University of Hong Kong Inventor Performance Pressure and Strategic Innovation Management (with Xiangqian (Sharon) Huang, Chinese University of Hong Kong & Xuan Tian, Tsinghua University | |||||||
| 09:30-11:00 | Parallel Session 1B – Information and Signalling in Traditional and Decentralized Finance Chair: Chuan Qin Support: Xiaoxue He | LT17, LUMS | |||||
| Chuxuan Fan, Chinese University of Hong Kong Is There Wisdom Among the DAO Crowd? Evidence from Vote Delegation (with Tao Shu, Chinese University of Hong Kong & Fei Xie, University of Delaware). | |||||||
| Feng Zhao, University of Texas at Dallas Cheap Talk in the Mortgage-Backed Securities Offerings (with Harold Zhang, University of Texas at Dallas & Xiaofei Zhao, Georgetown University). | |||||||
| Chuan Qin, SLCG Economic Consulting, LLC Regulation D Offerings: Issuers, Investors, and Intermediaries (with Craig McCann & Mike Yan, SLCG Economic Consulting, LLC). | |||||||
| 11:00-11:15 | Refreshments | LT19, LUMS | |||||
Session 2 - Parallel Sessions | |||||||
| 11:15-12:45 | Parallel Session 2A – ESG and Greenwashing Chair: Ming-Tsung Lin Support: Xiaoxue He | LT14, LUMS | |||||
| Yong Chen, Texas A&M University The Economics of Greenwashing Funds (with Sean Cao, University of Maryland - Han Xiao, Chinese University of Hong Kong & Alan Zhang). | |||||||
| Atreya Dey, University of Edinburgh and Cambridge University Firm Operations, Biodiversity Loss, and Corporate Disclosure. | |||||||
| Ming-Tsung Lin, University of Sussex Cui Bono? Selective Disclosure as a Measure of ESG-washing (with Ka Kei Chan, Brunel University London). | |||||||
| 11:15-12:45 | Parallel Session 2B – Information Sharing Chair: Tomy Lee Support: Reka Lantos | LT17, LUMS | |||||
| Lijie Yu, University of Strathclyde Advisor-hedge Fund Connections and M&A Pricing: Who Benefits from Information Flow? (with Michael Bowe, University of Manchester & Olga Kolokolova, Lancaster University Management School). | |||||||
| Murat Tiniç, Vrije Universiteit Amsterdam Business Groups and Information Leakage in Equity Markets (with Tanseli Savaser, Bentley University & Gunseli Tumer-Alkan, Vrije Universiteit Amsterdam). | |||||||
| Tomy Lee, Central European University China Walls (with Chaojun Wang, University of Pennsylvania & Daniel Nathan, Bank of Israel). | |||||||
| 12:45-14:15 | Lunch and Poster Session | LT19, LUMS | |||||
Session 3 – Parallel Sessions | |||||||
| 14:15-15:45 | Parallel Session 3A – CEO Misconduct Chair: Support: Xiaoxue He | LT14, LUMS | |||||
| Sharadha V Tilley, Technological University Dublin Do Overconfident Bank CEOs Lead to a Higher Risk of Misconduct? (with Joseph Coughlan, National University of Ireland Maynooth & Brian Byrne, Technological University Dublin). | |||||||
| Yingmei Cheng, Louisiana State University Home State CEOs and Financial Misconduct Litigation (with Aaron Brock, Florida State University). | |||||||
| Yurtsev Uymaz, University of East Anglia Financial Misconduct and Powerful CEOs: Evidence from US Banks (with Yurtsev Uymaz, University of East Anglia - Yener Altunbas, Bangor University & John Thornton, University of East Anglia). | |||||||
| 14:15-15:45 | Parallel Session 3B – Risks and Manipulation in Digital Finance Chair: Behnoud Alizadeh Bazrafshan Support: Reka Lantos | ||||||
| Antonino Emanuele Rizzo, ESADE Business School Do Software Companies Spread Cyber Risk? (with Giorgio Ottonello, Nova School of Business and Economics). | |||||||
| Damien Challet, Université Paris-Saclay Learning the Spoofability of Limit Order Books With Interpretable Probabilistic Neural Networks (with Timothée Fabre, Université Paris-Saclay). | |||||||
| Behnoud Alizadeh Bazrafshan, University of Calgary Wash Trading on Decentralized Exchanges (with Alfred Lehar, University of Calgary & Marius Zoican, University of Calgary). | |||||||
| 15:45-16:00 | Refreshment Break | LT19, LUMS | |||||
Session 4 – Keynote (Plenary) | |||||||
| 16:00-17:30 | Keynote Speech: Jonathan M. Karpoff, University of Washington Title to be confirmed Chair: Olga Kolokolova Support: Reka Lantos | LT17, LUMS | |||||
| 18:30-19:00 | Drinks Reception | Venue TBC | |||||
| 19:00-20:30 hrs | Conference Dinner | Venue TBC | |||||
End of Day 1 | |||||||
Friday 12 September
| Time | Details | Room | ||
|---|---|---|---|---|
| 09:15-09:30 | Refreshments | LT19, LUMS | ||
Session 5 – Parallel Session |
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| 09:30-11:00 | Parallel Session 5A – ML and Fraud Detection Chair: Thomas Mosk Support: Reka Lantos | LT14, LUMS | ||
| Youngseok Moon Machine Readership and Financial Reporting Decisions (with Sean Cao, University of Maryland & Ying Liang, Georgia State University). |
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| Angelos Alexopoulos, Athens University of Economics and Business A Network and Machine Learning Approach to Detect Value Added Tax Fraud (with Petros Dellaportas, University College London and Athens University of Economics and Business - Stanley Gyoshev, Christos Kotsogiannis & Trifon Pavkov, University of Exeter & Sofia Olhede, Ecole Polytechnique Federale de Lausanne). |
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| Thomas Mosk, Queen Mary University of London Who Pays for Payment Fraud? Optimal Detection and Liability Rules (with Vimal Balasubramaniam & Antoine Uettwiller, Queen Mary University of London). |
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| 09:30-11:00 | Parallel Session 5B – Business Evil Chair: John Merrick Support: Xiaoxue He | LT17, LUMS | ||
| John Thanassoulis, University of Warwick The Problem of Business Evil |
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| Huaizhi Chen, University of Notre Dame Assessing Assessors (with Lauren Cohen, Harvard Business School). | ||||
| John Merrick, William & Mary Drawing the Line Between Bond Dealer and Bandit (with Vladimir Atanasov, William & Mary University & Philipp, University of Stuttgart). |
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| 11:00-11:15 | Refreshment Break | LT19, LUMS | ||
Session 6 – Parallel Sessions |
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| 11:15-12:45 | Parallel Session 6A – The Role of Media Chair: Vishal Baloria Support: Reka Lantos | LT14, LUMS | ||
| Vu Tran, University of Reading Social Media Noise and Stock Manipulation (with Douglas Cumming, Florida Atlantic University). |
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| Ralf Metzler, University of Duisburg-Essen Watchdog or Mouthpiece? The Role of Financial News Media in Corporate Communication (with Martin Hibbeln, University of Duisburg-Essen, Henrik Müller, TU Dortmund University & Noah Urban, University of Duisburg-Essen). |
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| Vishal Baloria, University of Connecticut The Effect of Newspaper Entry and Exit on Firm Behavior. |
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| 11:15-12:45 | Parallel Session 6B – Retail Investors in the Digital Finance Age Chair: Jay Liu Support: Xiaoxue He Liu | LT17, LUMS | ||
| Justin Mohr, University of Mississippi House of Stolen Cards: Does Payment Security Improve Credit Outcomes for Households? (with Divij Kohli, University of Illinois Urbana-Champaign) |
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| Shasha Li, IWH Halle Default Data Manipulation in Marketplace Lending (with Yutong Hu, London Business School). |
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| Jay Liu, University of Bristol Trading by Charts: A Multivariate CNN System to Predict Retail Investor Trading |
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| 13:00-14:15 | Lunch & Poster Session | LT19, LUMS | ||
Session 7 – Parallel Sessions |
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| 14:15-5:45 | Parallel Session 7A – Insider Trading Chair: Yang Zhao Support: Reka Lantos | LT14, LUMS | ||
| Lixiong Guo, University of Mississippi Globalization and Insider Trading: Evidence from Cross-Border Mergers and Acquisitions (with Xueting Zhang, UNSW Sydney). |
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| Adriana Korczak, University of Bristol The Impact of Mandatory Closed Periods on Corporate Insider Trading (with Francois Brochet, Boston University - Patricia Naranjo, University of Kentucky & Piotr Korczak, University of Bristol). |
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| Yang Zhao, University of Liverpool Insider Trading in Connected Firms during Trading Bans (with Marc Goergen, IE University - Luc Renneboog, Tilburg University & Yang Zhao, University of Liverpool). |
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| 14:15-5:45 | Parallel Session 7B – Disclosure Chair: Jie Xie Support: Xiaoxue He | LT17, LUMS | ||
| Ruoyu Gao, University College Dublin Managerial Misdirection? How Firms Use Confounding Events to Obfuscate the Impact of Data Breaches (with Ronan Powell, University College Dublin & Jared Stanfield, University of Oklahoma). |
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| Tao Shu, Chinese University of Hong Kong A Game of Disclosing “Other Events”: Insights for Retail Investors (with Sean Cao, University of Maryland & Zhongling Qin, Auburn University). |
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| Jin Xie, Peking University Nominal Rigidities, Earnings Manipulation, and Securities Regulation (with Erica Xuenan Li, Cheung Kong Graduate School of Business - Pengfei Wang, Peking University & Ji Zhang, Tsinghua University). |
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On behalf of the Conference Committee, thank you for participating in the FFMM 2025 Conference. We wish you a safe onward travel and look forward to seeing you again soon.
Poster sessions
| POSTER SESSION I | LT19, LUMS |
|---|---|
Thursday 11 September 2025 |
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| Zhiyuan Xing, University of Glasgow Political Risk and Greenwashing: Evidence from Anti-ESG. |
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| Muhammad Nouman Latif, Ibn Haldun University Analyzing Anomalies for Financial Fraud Detection: A Case Study of Selected Insurance Companies Listed in Borsa Istanbul (with Muhittin Kaplan & Asad Ul Islam Khan, Ibn Haldun University). |
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| Beesley Revol, CREFATH Index poverty in domestic labor of women in Senegalese activities. |
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| POSTER SESSION I | LT19, LUMS |
|---|---|
Friday 12 September 2025 |
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| Samuli Saarinen, Estonian Business School Assessing Social Medias Influence on Asset Price Synchronization: An Econometric Analysis of Private Information Impact. |
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| Rukhsana Bibi, COMSATS University Macro-Finance Determinants of Commodities Future Volatility. |
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