August 17-20, 2016, Oslo Norway
Members and friends of the European Finance Association (EFA) are welcome to submit research papers for the 43rd EFA Annual Meeting that will be held at BI Norwegian Business School, August 17-20, 2016. Papers on any topic related to finance can be submitted. Papers that have already been presented at major conferences such as the AFA or WFA will be given a lower priority. Also please note that the submitted paper should not have been accepted (or conditionally accepted) at a journal. Each author is restricted to one submission.
PAPER SUBMISSION PROCEDURE: The submission system is open. Papers should be electronically submitted through the EFA 2016 website http://www.efa2016.org/call-papers.
The deadline for submissions is Tuesday, February 2, 2016, at 1:00 p.m. (13:00 hrs.) Central European Time (CET).
REVIEWING PROCESS: Papers will be anonymously reviewed by multiple members of the Program Committee. Authors will be notified of the Program Committee’s decision in April 2016. Authors of accepted papers are expected to attend the entire conference and be available to serve as session chairs or discussants.
The final EFA 2016 program will be available in June 2016.
More information about paper submission and the conference is available at http://www.efa2016.org
SUBMISSIONS REQUIRE EFA MEMBERSHIP FOR 2016: You must be a current EFA member for the 2016 calendar year in order to submit a paper to the EFA 2016 Annual Meeting. To avoid the rush and any last-minute delays in submitting your paper by the deadline date, please renew or sign up for membership as soon as possible! There is no additional submission fee beyond the EFA 2016 membership.
MEMBERSHIP RENEWAL: If you were an EFA member in 2015, please use the renewal link that was sent to you by email from Oxford University Press (OUP). If you have not received this, please contact OUP customer services at firstname.lastname@example.org, or call +44 (0) 1865 353907.
NEW MEMBERS: To become an EFA member, apply for membership now at http://www.oxfordjournals.org/our_journals/rof/access_purchase/price_list.html
Please note that the EFA membership payment is handled by Oxford University Press (OUP) on behalf of the European Finance Association (EFA) – and that you will automatically become a member subscriber of the Review of Finance, the EFA’s own journal. If you have questions about your membership or payment, please contact OUP at email@example.com
KEYNOTE SPEAKER: We are pleased to announce that the keynote speaker at the EFA 2016 Annual Meeting is John H. Cochrane, Senior Fellow of the Hoover Institution at Stanford University and Distinguished Senior Fellow of the University of Chicago Booth School of Business and of the Becker-Friedman Institute. Cochrane is also a Research Associate of the National Bureau of Economic Research and an Adjunct Scholar of the CATO Institute. He is a past President and Fellow of the American Finance Association, a Fellow of the Econometric Society, and past Editor of the Journal of Political Economy, and associate editor of several journals.
Cochrane’s monetary economics publications include articles on monetary policy and the fiscal theory of the price level. His finance publications include the book Asset Pricing, and articles on dynamics in stock and bond markets, the volatility of exchange rates, the term structure of interest rates, the returns to venture capital, liquidity premiums in stock prices, the relation between stock prices and business cycles, and option pricing when investors can’t perfectly hedge. He was a coauthor of The Squam Lake Report and blogs as “the Grumpy Economist” at http://johnhcochrane.blogspot.co.at. He recently created the Coursera online course “Asset Pricing” covering first year PhD Asset Pricing.
SPECIAL SESSIONS: The EFA 2016 Annual Meeting offers three special sessions held in collaboration with Norges Bank Investment Management (NBIM) and two sessions in collaboration with the Bank for International Settlements and the European Central Bank. Papers for the special sessions will undergo the same submission and review process as regular paper submissions. Submitting to special sessions means that you are submitting to the main conference.
NORGES BANK INVESTMENT MANAGEMENT:
Market Structure Evolution: Norges Bank Investment Management (NBIM) encourages the submission of papers on the topic “Technology and market innovation and market participant evolution”. We welcome papers addressing the following questions:
Technology and Market Innovation
– What are appropriate models for market structure when ‘being faster’ is no longer a feasible competitive strategy (e.g. FX, equity)?
– Alternative models of price discovery: What are the merits of batch auctions vs continuous trading?
– How does introducing artificial latency impact execution quality?
– What is the role of the regulator in this market structure? What will be the impact of MiFID II?
Market Participant Evolution:
– What is the role of active management when there is less competition for capital?
– What is the impact of ETF and mutual fund growth on liquidity risk transformation?
Corporate Governance: Norges Bank Investment Management (NBIM) encourages the submission of papers on the topic “Controlled listed companies: Fate or fortune for minority shareholders. De facto control is practiced across markets and takes many forms. The implications for minority shareholders are not fully understood”. We welcome papers addressing the following questions:
– What are the determinants of mutually beneficial controlling ownership, i.e. ownership that adds value to the company and does not extract special benefits for the controlling owner?
– What is the optimal related party transactions regime, i.e. one that bars against extraction but foregoes minimal accretive value?
– How should corporate governance differ between companies with or without actual control?
– Can regulators and other standard setters impact expected returns by differentiating governance between controlled and un-controlled companies, and can controlled companies achieve a lower cost of capital by self-imposing measures not required by regulations?
– Are the many elements of control and their interplay well enough understood?
– Is there a need for a more comprehensive typology of control?
Asset Pricing: Norges Bank Investment Management (NBIM) encourages the submission of papers on the topic “Understanding the underlying drivers of asset prices”. We welcome papers addressing the following questions:
– How do foreign exchange rates affect international bond and equity prices?
– How do macroeconomics relate to tradable risk factors?
– What is the effect of market segmentation on asset prices?
BANK FOR INTERNATIONAL SETTLEMENTS: The Bank for International Settlements (BIS) encourages the submission of papers on the topic: “Financing the real economy”. We welcome papers addressing the following questions:
– How is the real economy financed?
– What is the link between finance, factor allocation, and total factor productivity?
– Is there a shift from banks to markets?
– What are the factors influencing the choice of debt vs equity?
– Is the bond market a good source of financing for medium-sized enterprises?
EUROPEAN CENTRAL BANK: The European Central Bank (ECB) encourages submissions of papers related to one or several of the following topics:
Unconventional monetary policy
– Impact on financial markets
– Risks to financial stability
– Optimal exit design, communication, and how it affects financial markets
– Interaction with monetary policy and relationship between financial and business cycles
– Optimal design and effectiveness of different measures
– Impact on non-bank activities and on their leverage
DOCTORAL TUTORIAL: There will be a one-day EFA Doctoral Tutorial held on Wednesday, August 17, 2016 (preceded by a welcome dinner for participants the evening before). This annual tutorial event is sponsored by the Nasdaq Educational Foundation and the Chicago Quantitative Alliance (CQA). Paper submission to the 2016 EFA Doctoral Tutorial follows the same timing as for the main conference; specifically, doctoral students should submit their papers or proposals by Tuesday, February 2, 2016, at 1:00 p.m. (13:00 hrs.) CET. Authors of papers presented at the Tutorial will receive a stipend of EUR 1,000. There is also an award for the best EFA Doctoral Tutorial paper (sponsored by Nasdaq and CQA).
Please note that submission to the Doctoral Tutorial requires PhD students to be or become 2016 EFA members. Prior to submitting, PhD students are advised to consult the EFA 2016 conference website at the page http://www.efa2016.org/doctoral-tutorial, which features detailed instructions and a link to the online submission form.
We look forward to receiving your submissions and hope to see you in Oslo in August 2016!
Kjell G. Nyborg
EFA 2016 Program Chair, Professor of Finance, University of Zurich, and Senior Chair, Swiss Finance Institute.
EFA 2016 Organizing Committee Chair, Professor of Finance and Head of the Finance Department, BI Norwegian Business School.
FURTHER INFORMATION: Contact us:
For questions regarding paper submission:
EFA 2016 Annual Meeting Paper Submission
Magnus Nyboe (University of Zurich)
Tel. +41-446 34-2949
For questions regarding conference attendance etc:
EFA 2016 Annual Meeting Local Organization
Adriana Kvam (BI Norwegian Business School)
For questions regarding the EFA:
European Finance Association
Tel. +32-2 226 66 60
For questions regarding EFA memberships & payments for 2016:
Oxford University Press/Oxford Journals
Tel. +44-(0)1865 353907
REVIEW OF FINANCE: Journal of the European Finance Association