XX Encontro Brasileiro de Finanças / XX Brazilian Finance Meeting

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From 16th to 17th July Every day from 07h30 to 17h30
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About the Event

The 20th Brazilian Finance Meeting is an event organized by SBFin (Brazilian Finance Society), whose main objective is to promote research in Finance in Brazil. In addition, SBFin aims to improve the technical qualification of professionals working in the financial markets.

The Brazilian Finance Meeting will be held virtually this year and will take place on the 16th and 17th of July. Registration is free to participants but we welcome donations that we will revert to charities.

Detailed schedule will be available on our website shortly.

FORMAT: Panel sessions will include keynote addresses and discussions in which participants from academia, regulatory agencies, and financial institutions share their research and insights. Ordinary sessions will include presentation of academic papers.

INVITED SPEAKERS:
Investors and Market Reaction to Covid-19: Harrison Hong (Columbia University), Ralph Koijen (Chicago Booth) and Stefano Giglio (Yale)

Liquidity and Firms after Covid-19: Heitor Almeida (Illinois), Raghuram Rajan (Chicago Booth), Sascha Steffen (Frankfurt) and João Manuel Pinho de Mello (Central Bank of Brazil)

Economics after Covid-19: José Scheinkman (Columbia University), Edward Glaeser (Harvard University), Adam Sheridan (Copenhagen) and Luigi Zingales (Chicago Booth)

Brazil after Covid-19 (in Portuguese): Marcos Lisboa (Insper), Arminio Fraga (Gávea Investimentos), Marco Bonomo (Insper) and André Portela (EESP-FGV).

FURTHER INFORMATION:
Email: secretaria@sbfin.org.br
Website: http://www.sbfin.org.br/

Speakers

  • Adam Sheridan
  • André Portela
  • Arminio Fraga
  • Edward Glaeser
  • Harrison Hong
  • Heitor Almeida
  • João Manuel Pinho de Mello
  • José Scheinkman
  • Luigi Zingales
  • Marco Bonomo
  • Marcos Lisboa
  • Raghuram Rajan
  • Ralph Koijen
  • Sascha Steffen
  • Stefano Giglio

Schedule

08h30 Cerimônia de Abertura / Open Ceremony (7:30am - 8:00am EDT) Opening
Place: Zoom
09h00 Sessões Ordinárias I / Parallel sessions I (8:00am - 9:30am EDT) Presentation of Articles
Place: Zoom

CONSTANCIA INVESTIMENTOS Asset Pricing Session - Coordenador (Coordinator): Marcelo Fernandes - Link Zoom

Título
Title

Autores
Authors

Apresentador
Presenter

Debatedor
Discussant

Precificação de Ativos via Machine Learning: Uma extensão de métodos lineares esparsos

Márcio Poletti Laurini, Caio de Angelis Nascimento

Márcio Poletti Laurini

Marcelo Fernandes

Betting on conditional alphas

Valentina Corradi, Walter Distaso, Marcelo Fernandes, Asger Lunde

Marcelo Fernandes

Rogério Oliveira de Deus

Saving Markowitz: A Risk Parity approach based on the Cauchy Interlacing Theorem

Fernando Fernandes Neto, Rogério Oliveira de Deus, Rodrigo de Losso da Silveira Bueno, Angelo Jonathan Diaz Soto, Pedro Delano Cavalcanti

Rogério Oliveira de Deus

Márcio Poletti Laurini

Coordenador (Coordinator): Daniel Malvezzi Doine - Link Zoom

Título
Title

Autores
Authors

Apresentador
Presenter

Debatedor
Discussant

Foreign Exchange Interventions and Covered Interest Parity Deviations

Daniel Malvezzi Doine, Márcio Garcia

Daniel Malvezzi Doine

Rodrigo Abbade da Silva

Determinantes do capital gains overhang no mercado brasileiro de ações

Rodrigo Abbade da Silva, Newton Carneiro Affonso da Costa Junior,
Marcus Vinícius Andrade de Lima, Paulo Sérgio Ceretta

Rodrigo Abbade da Silva

Pedro Henrique Moravis Venturi

Exchange Rates and Binary Political Events

Pedro Henrique Moravis Venturi, Alex Luiz Ferreira

Pedro Henrique Moravis Venturi

Daniel Malvezzi Doine

11h00 Painel I / Panel Session I (10:00am - 11:30am EDT) Panel
Place: Zoom

“Investors and Market Reaction to Covid-19”

Harrison Hong (Columbia University), Ralph Koijen (Chicago Booth) and Stefano Giglio (Yale)

Link Zoom

13h30 Painel II / Panel Session II (12:30pm - 2:00pm EDT) Panel
Place: Zoom

“Liquidity and Firms after Covid-19”

Heitor Almeida (Illinois), Raghuram Rajan (Chicago Booth), Sascha Steffen (Frankfurt) and João Manuel Pinho de Mello (Central Bank of Brazil)

Link Zoom

16h00 Sessões Ordinárias II / Parallel sessions II (3:00pm - 4:30pm EDT) Presentation of Articles
Place: Zoom

Coordenador (Coordinator): Ricardo Brito - Link Zoom

Título
Title

Autores
Authors

Apresentador
Presenter

Debatedor
Discussant

RISK-TAKING, RULE-TAKING AND INVESTMENT-CASH FLOW SENSITIVITY

Michael Espindola Araki, Henrique Castro Martins

Henrique Castro Martins

Ricardo Brito

The Outcome versus Substitute Models of Dividends: a change in minority shareholder protection

Ricardo Brito, Paulo Sergio Ribeiro, Antonio Sanvicente

Ricardo Brito

Lucas Allan Diniz Schwarz

The relationship between economic policy uncertainty and corporate leverage: Evidence from Brazil

Lucas Allan Diniz Schwarz, Flávia Zóboli Dalmácio

Lucas Allan Diniz Schwarz

Henrique Castro Martins

Coordenador (Coordinator): Luiz Claudio Sacramento - Link Zoom

Título
Title

Autores
Authors

Apresentador
Presenter

Debatedor
Discussant

Cyclicality of Local Credit Markets and Monetary Policy Transmission

Luiz Claudio Sacramento

Luiz Claudio Sacramento

Fernando Oliveira

Do Hedging and Speculation with Foreign Exchange Derivatives Affect Stock Market Returns in Brazil?

Fernando Oliveira

Fernando Oliveira

Ricardo S. Tavares

Criptomoedas: avaliação da sensibilidade dos retornos em relação ao mercado

Ricardo S. Tavares, João F. Caldeira, Gerson S. Raimundo Junior

Ricardo S. Tavares

Luiz Claudio Sacramento

09h00 Sessões Ordinárias lII / Parallel sessions IIl (8:00am - 9:30am EDT) Presentation of Articles
Place: Zoom

Coordenador (Coordinator): Rodrigo de Oliveira Leite - Link Zoom

Título
Title

Autores
Authors

Apresentador
Presenter

Debatedor
Discussant

Can Fake News Impact the Stock Market? Evidence From Politicians' Statements

Matheus Moura

Matheus Moura

Rodrigo de Oliveira Leite

Individual Lenders' Reaction to a Ponzi Scheme Scandal: Evidence from the Chinese
P2P Lending Market

We Geng Cheng, Rodrigo de Oliveira Leite, Fabio Caldieraro

Rodrigo de Oliveira Leite

Marcelo Guzella

Investor Attention and Volatility Asymmetry: Evidences of the Ostrich Effect in the Brazilian
Stock Market

Marcelo Guzella, Henrique Castro

Marcelo Guzella

Matheus Moura

Coordenador (Coordinator): Lucas Lùcio Godeiro - Link Zoom

Título
Title

Autores
Authors

Apresentador
Presenter

Debatedor
Discussant

Time Series Momentum predictability via Dynamic Bayesian Learning

Bruno do Prado Costa Levy

Bruno do Prado Costa Levy

Caio A. Vigo Pereira

A Machine Learning Factor-Based Interpretation for the Bond Risk Premia in U.S.

Caio A. Vigo Pereira

Caio A. Vigo Pereira

Lucas Lùcio Godeiro

Equity Premium Prediction with Diffusion-Index Model, Machine Learning and Text Data

Luiz Renato Lima, Lucas Lùcio Godeiro

Lucas Lùcio Godeiro

Bruno do Prado Costa Levy

11h00 Painel III / Panel Session III (10:00am - 11:30am EDT) Panel
Place: Zoom

“Economics after Covid-19”

José Scheinkman (Columbia University), Edward Glaeser (Harvard University), Adam Sheridan (Copenhagen) and Luigi Zingales (Chicago Booth)

Link Zoom

13h30 Painel IV / Panel Session IV (12:30pm - 2:00pm EDT) Panel
Place: Zoom

“Brazil after Covid-19” (in Portuguese)

Marcos Lisboa (Insper), Arminio Fraga (Gávea Investimentos), Marco Bonomo (Insper) and André Portela (EESP-FGV).

(12:30pm - 2:00pm EDT)

Link Zoom

16h00 Sessões Ordinárias IV / Parallel sessions IV (3:00pm - 5:00pm EDT) Presentation of Articles
Place: Zoom

BOCOM BBM Special Session - Coordenador (Coordinator): Frederico A. Mourad - Link Zoom

Título
Title

Autores
Authors

Apresentador
Presenter

Debatedor
Discussant

Skin in the game and credible signaling in securitization: evidence from Brazil

Mariana Oreng, Richard Saito

Mariana Oreng

Frederico A. Mourad

Cash holdings and profitability of banks in developed and emerging markets

Gláucia Fernandes, Layla Mendes, Rodrigo Leite

Rodrigo Leite

Tyago Oliveira do Carmo

Bank loan forbearance: evidence from a million restructured loans

Frederico A. Mourad, Rafael F. Schiozer, Toni R. E. dos Santos

Frederico A. Mourad

Mariana Oreng

Concentração bancária e seus efeitos sobre as micro e pequenas empresas no Brasil

Tyago Oliveira do Carmo, Gervásio Ferreira Santos

Tyago Oliveira do Carmo

Rodrigo Leite

Coordenador (Coordinator): Gustavo B. C. da Paz Freire - Link Zoom

Título
Title

Autores
Authors

Apresentador
Presenter

Debatedor
Discussant

Closed-Form Expressions for Pricing Multi-Asset Options with Hyperplane Barriers

Jack Baczynski, Estevão Rosalino Junior

Estevão Rosalino Junior

Gustavo B. C. da Paz Freire

Regime switching volatility models for cryptocurrencies Value-at-Risk forecasting

Leandro Maciel

Leandro Maciel

André Nunes Maranhão

Distribuição de Perda Agregada em Modelos de Crédito: Análise Comparativa do Algoritmo Recursivo de Panjer e o Método de Aproximações Ponto de Sela.

André Nunes Maranhão

André Nunes Maranhão

Leandro Maciel

Minimum Discrepancy Risk-Neutral Measures and Asset Prices in Incomplete Markets

Gustavo Bulhoes Carvalho da Paz Freire, Caio Ibsen Kleinman Rodrigues de Almeida

Gustavo B. C. da Paz Freire

Estevão Rosalino Junior

18h30 Assembleia Geral da SBFin (4:30pm -5:30pm EDT) Apresentação
Place: Zoom

Apresentação realizada pela Direção Executiva e o Conselho Fiscal

Link Zoom

Organização e Realização

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Sponsors

Organizer

Sociedade Brasileira de Finanças