2nd HKU Next-Gen Finance PhD Workshop

Hong Kong | May 13, 2026

Join us in Hong Kong on May 13–15, 2026 for a unique opportunity to discuss your research with leading scholars and peers!

The PhD Workshop will be held in person on May 13, 2026, followed by the Finance Conference on May 14–15, 2026. All admitted students are required to attend all three days.

Workshop Tracks (May 13)

The May 13 workshop will be dedicated to PhD presentations, with two parallel tracks:

Corporate Finance

Prof. Jarrad Harford (University of Washington), Prof. Song Ma (Yale University), Prof. Roni Michaely (HKU)

Investment

Prof. Richard Evans (University of Virginia), Prof. T.C. Lin (HKU), Prof. Yang Song (University of Washington)

PhD Workshop Agenda (May 13)

Time Corporate Finance Investment
8:45 – 9:00am Coffee and Registration
9:00 – 9:15am Opening Remarks and Group Photo
Morning Chair – Prof. Jarrad Harford Morning Chair – Prof. Yang Song
9:20 – 10:10am Presentation by Prof. Roni Michaely Presentation by Prof. T.C. Lin
10:10 – 10:40am Andy Li (University of Amsterdam)
Leader Bias in State Support for Startups		 Xugan Chen (Yale University)
Financing Risk and Startup Growth
10:40 – 11:00am Coffee Break
11:00 – 11:30am Xuan Xie (University of Washington)
Shareholder Disagreement and Firm Performance: Evidence from ESG Divergence		 Xuhui (Percy) Chen (University of British Columbia)
A Preferred-Habitat Model of Term Structure with Dealer Market Power
11:30 – 12:00nn Chuyi Zhang (The University of Hong Kong)
The Ripple Effect of IPO Underwriting Bias on Peer-Firm Analyst Recommendations		 Yuanyuan Pan (National University of Singapore)
Retail Price Clienteles
12:10 – 1:40pm Lunch
Afternoon Chair – Prof. Mingzhu Tai Afternoon Chair – Prof. Jack Fu
1:45 – 2:35pm Presentation by Prof. Song Ma Presentation by Prof. Richard Evans
2:35 – 2:50pm Dardan Gashi (Swiss Finance Institute – USI Lugano)
Managerial Beliefs and Agency Conflicts		 Hyein Han (New York University)
Missing Investment from Tobin's Q: A Tale of Financial Market Concentration
2:50 – 3:05pm Peter Won (University of Utah)
How Data Shapes Competition on Digital Platforms: Consumer Welfare and Firm Risk		 Dong (Derrick) Liang (Rice University)
Resource Curse or Fiscal Windfalls: The Consequences of Fracking Booms on Municipal Finance
3:05 – 3:30pm Coffee Break
3:30 – 3:45pm Hengyi Huang (Tilburg University)
The Welfare Effect of Pricing Climate Risk in the US Mortgage Market		 Dean Ryu (University of Oxford)
The Pricing and Economic Impact of Legal Risk
3:45 – 4:00pm Yifan Li (SAIF at SJTU)
Labor Reallocation within Business Groups: An Internal Market Perspective		 Ruiqing Hu (The University of Hong Kong)
Cross-Insider Trading
4:00 – 4:15pm Yuhan Huang (The University of Hong Kong)
Explicit vs. Implicit Executive Compensation Contracts under Multitasking		 Yuan Gao (University of Arizona)
AI Automation and Effort Allocation: Evidence from Sophisticated Investors
4:20 – 5:20pm "Ask Me Anything" Session
Panelists: Prof. Jarrad Harford, Prof. Yang Song
6:00pm Dinner
Shopping Basket