Yiran Fan Memorial Conference

The Yiran Fan Memorial Conference
Every year, scholars in financial economics gather to share ongoing research in a series of alumni and student presentations as part of a commemorative event dedicated to our late colleague, Yiran Fan. Faculty announced the Yiran Fan Memorial Fellowship during the 2023 conference and will continue to present the Yiran Fan Memorial Prize to a student awardee in 2025. Conference participants hope to continue to carry the promise of Yiran's contributions forward this year (please see below for more details).

During his time at Booth, Yiran was completing a doctoral degree in Financial Economics and working as a Professional Development Fellow at the Fama-Miller Center for Research in Finance. You can find more details on the life and legacy of Yiran Fan in the Economics Department's remembrance letter and by visiting the Chicago Booth memoriam page.

2025 Agenda

Details coming soon!

When?

The conference will be held on Tuesday, May 27, 2025.

Where?

This year, the event will be hosted at the Chicago Booth Harper Center.

Yiran Fan Memorial Prize Announcement

The Yiran Fan Memorial Prize is a fellowship established in memory of late UChicago PhD student, Yiran Fan, which includes contributions from Fan’s parents and is awarded to a student in the Joint Program in Financial Economics.

It was established to commemorate Yiran Fan's kind and generous spirit and his devotion to bringing together fellow students, young researchers, and faculty as companions in learning. The prize is award by a student selection committee based on student nominations for the graduate student who made the greatest contribution to establishing and maintaining an open and nurturing learning environment for those with interests in economic dynamics, macroeconomics, or financial economics.

2024 Yiran Fan Prize Awardee: Manav Chaudhary

Manav is a PhD student in the Joint Program in Financial Economics at the University of Chicago, Booth School of Business and Kenneth C. Griffin Department of Economics. His research focuses on asset pricing and macroeconomics.

Past Awardees

The 2023 Yiran Fan Prize awardee was Marco Loseto, a current PhD candidate at the University of Chicago Kenneth C. Griffin Department of Economics.
In 2022, the award was presented to co-awardees, Will Cassidy and Aditya Chaudhry. Both Will Cassidy and Aditya Chaudhry graduated from the University of Chicago Booth School of Business in 2023 with a PhD in Finance. Will is currently an Assistant Professor of Finance at the Washington University in St. Louis, Olin School of Business. Aditya presently serves as the Assistant Professor of Finance at the Fisher College of Business at The Ohio State University.
Simon Oh was the first to be offered the award in 2021. Simon Oh is a current PhD candidate in the Joint Program of Financial Economics. He will start as an Assistant Professor in the Finance Division at Columbia Business School in the summer of 2024.

2024 Yiran Fan Memorial Conference

Thursday, April 11, 2024
Gleacher Center

8:30-9:00 a.m.: Registration (continental breakfast)
*registration is restricted to invitees*
9:00-9:05 a.m.: Welcome

9:05-10:05 a.m.: Presentation 1
Filippo Cavaleri: A Preferred-Habitat Model with a Corporate Sector
Discussant: Aaron Pancost, PhD ’16
10:05-10:15: Break (10 mins)

10:15-11:15 a.m. : Presentation 2
Thomas Bourany: Optimal Energy Policy and the Inequality of Climate Change
Discussant: Michael Barnett, PhD ’19
11:15-11:30: Break (10 mins)

11:30-1:00 p.m..: Lunch and announcement of 2023 Yiran Fan Memorial Fellowship and 2024 Yiran Fan Memorial Prize
Featured Speaker: Alan Moreira, PhD ’11
1:00-1:15: Break (15 mins)

1:15-2:15 p.m.: Presentation 3
Joanna Harris: The Effect of Environmental Preferences on Investor Responses to ESG Disclosure
Discussant: Marina Niessner, PhD ’13
No Break

2:15-3:15 p.m.: Presentation 4
Manav Chaudhary: Corporate Bond Multipliers: Substitutes Matter
Discussant: Yoshio Nozawa, PhD ’13
3:15-3:30: Break (15 mins)

3:30-4:30 p.m.: Presentation 5
Federico Mainardi: A Demand-Based Approach to Short-Selling
Discussant: Stefano Pegoraro, PhD ’20
4:30-4:45: Break (15 mins)

4:45-6:00 p.m.: Student Poster Presentations and Catered Reception (Gleacher)

Bianca He: Financing Intangibles
Xiaoyang Li: Industry Shakeouts after an Innovation Breakthrough
Edward Jee: Poverty Traps and Transfers
Doga Akar Bilgin: VAR-ifying Predictions: Inferring Implicit Models from Published Forecasts
Jingoo Kwon: Risk, Disagreement, and Forecast Dispersion

2023 Yiran Fan Memorial Conference

Friday, June 9, 2023

Rubenstein Forum, Peter May Boardroom
8:30-9:00 a.m.: Registration (coffee/tea), 8th floor

9:00-9:05 a.m.: Welcome

9:05-10:05 a.m.: Presentation 1
Marco Loseto: The Structure of Investment Advisors’ Markups: Evidence from Retirement Allocations
Discussant: Adam Jorring
10:05-10:15: Break (8th floor lounge)

10:15-11:15 a.m. : Presentation 2
Valentin Haddad: What do Financial Markets Say about the Exchange Rate?
Discussant: Will Cassidy
11:15-11:30: Break (8th floor lounge)

11:30-11:45 a.m.: Lunch served and announcement of Yiran Fan Memorial Fellowship and Yiran Fan Memorial Prize recipients (Room 801)

11:45-1:00 p.m.
Featured Speaker: Jaroslav Borovicka
1:00-1:15: Break (8th floor lounge)

1:15-2:15 p.m.: Presentation 3
Simon Oh: Social Inflation
Discussant: Tarik Umar
No Break

2:15-3:15 p.m.: Presentation 4
Ehsan Azarmsa: Is Asset Demand Elasticity Set at the Household or Intermediary Level?
Discussant: Aditya Chaudhry
3:15-3:30: Break (8th floor lounge)

3:30-4:30 p.m.: Presentation 5
Zhiyu Fu: Flighty Capital Flows and the Making of Safe Currencies
Discussant: Johnathan Loudis
4:30-4:45: Break (8th floor lounge)

4:45-6:00 p.m.: Student Poster Presentations and Reception (Room 802)

Federico Mainardi
Jessica Li
Manav Chaudhary
Johanna Harris
Ben Marrow
Filippo Cavaleri

6:00 p.m.: Small group dinners (registration required)

Saturday June 10

Rubenstein Forum, Peter May Boardroom

9:00-10:00 a.m.: Presentation 6
Yoshio Nozawa: Duration-Based Valuation of Corporate Bonds
Discussant: Fulin Li
10:00-10:10: Break (8th floor lounge)

10:10-11:10 a.m.: Presentation 7
Aleksei Oskolkov: Heterogeneous Impact of the Global Financial Cycle
Discussant: Paymon Khorrami
11:10-11:20: Break (8th floor lounge)

11:20a.m.-12:20p.m.: Presentation 8
Douglas Xu: Bank Technology Adoption and Loan Production in the U.S. Mortgage Market
Discussant: Agustin Hurtado

12:30 p.m.: Closing, Box lunches will be available in the 8th floor lounge

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