2nd Alpine Finance Summit (AFS)

Co-organized with Jochen Lawrenz (University of Innsbruck), Sebastian Utz (University of Augsburg), and Florian Weigert (University of Neuchâtel).

Hosted at Park Hôtel Grenoble – MGallery, Grenoble, France, August 24–26, 2025.

Academic keynote: Amit Goyal (University of Lausanne / Swiss Finance Institute). Alpine keynote: Liv Sansoz (mountain guide; first person to climb all 82 Alpine peaks above 4000 m).

Each paper received a 20-minute presentation, a 10-minute discussant response, and 10 minutes of open Q&A. Day 2 combined a mountain session at Chamrousse with the afternoon outdoor programme and Alpine keynote.

Programme

Sunday, 24 August 2025

• Predicting Anomalies — Boone Bowles, Adam Reed, Mat Ringgenberg, Jake Thornock. Discussant: Julian Thimme.
• How Costly Are Trading Heuristics? — Hee-Seo Han, Xindi He, Daniel Weagley. Discussant: Moritz Dauber.
• Cash Me If You Can: ATM Explosions, Payment Choice, and Consumption — Esad Smajlbegovic, Theresa Spickers, Daniel Urban, Michael Weber. Discussant: Gertjan Verdickt.
• Shifting from Active to Passive: How Retirement Plans Impact Equity Prices — Riccardo Sabbatucci, Andrea Tamoni, Song Xiao. Discussant: Ziwei Zhao.
• ETFs, Anomalies, and Market Efficiency — Ilias Filippou, Songrun He, Sophia Zhengzi Li, Guofu Zhou. Discussant: Egle Karmaziene.
• Improving Hedge Fund Return Prediction: Dealing with Missing Data via Deep Learning — Ilias Filippou, Ioannis Psaradellis, David Rapach, Lazaros Zografopoulos. Discussant: Richard Evans.
• Information Intermediaries and Financial Product Design: Evidence from Mutual Funds — Maxime Bonelli, Anastasia Buyalskaya, Tianhao Yao. Discussant: Felix Wilke.

Evening: Academic keynote and gala dinner at Chez le Per’Gras — Amit Goyal (University of Lausanne / SFI)

Monday, 25 August 2025 — Chamrousse mountain session

• Generalized Portfolio Sorts for Factor Validation — Daniel Höchle, Markus Schmid, Heinz Zimmermann. Discussant: Paul Hübner.
• The Statistical Limit of Arbitrage — Rui Da, Stefan Nagel, Dacheng Xiu.
• Weak Signals, Small Bets: A Portfolio Perspective on Firm Characteristics — Daniele Bianchi, Pedro Venturi. Discussant: Guillaume Coqueret.

Afternoon: outdoor activities at Chamrousse — Alpine keynote by Liv Sansoz (mountain guide; first person to climb all 82 Alpine peaks above 4000 m)

Tuesday, 26 August 2025

• Oil-Driven Greenium — Shaojun Zhang, Zhan Shi. Discussant: Karoline Bax.
• Greenness Demand for US Corporate Bonds — Rainer Jankowitsch, Alexander Pasler, Patrick Weiss, Josef Zechner. Discussant: Teodor Duevski.
• Nudging Investors Towards Sustainability — A Field Experiment — Lars Hornut, Christoph Merkle, Stefan Zeisberger. Discussant: Julia Meyer.
• Does Climate Change Affect Retail Investors? Your Opinion Matters — Ai He, Siwen Zhang. Discussant: Bige Kahraman.

Full programme: alpinefinancesummit.org/past-program-2025