News

September 27,
2023

We proudly present the line-up of academic speakers for the eight round of the Joint Finance Seminar, starting October 2023.

April 06,
2023

We proudly present the line-up of academic speakers for the seventh round of the Joint Finance Seminar, starting May 2023.

December 20,
2022

We thank Francois Brochet for a very interesting presentation of his paper “Say on Pay Laws and Insider Trading”.

December 06,
2022

We thank Michelle Lowry for a very insightful presentation of her paper “Regulatory Fragmentation”.

November 08,
2022

We thank Christoph Schiller for a very interesting presentation of his paper “Can Social Media Inform Corporate Decisions? Evidence from Merger Withdrawals”.

October 27,
2022

We proudly present the line-up of academic speakers for the sixth round of the Joint Finance Seminar, starting November 2022. Our first speaker will be Christoph Schiller (Arizona State University).

February 09,
2022

We proudly present the line-up of academic speakers for the fifth round of the Joint Finance Seminar, starting April 2022. Our first speaker will be the 2021 AFA president Prof. John Graham (Duke University).

January 27,
2022

We thank Dirk Jenter for a very interesting presentation of his paper “CEO Compensation: Evidence From the Field”.

January 13,
2022

We thank Vikas Agarwal for a very insightful presentation of her paper “Birth Order and Fund Manager’s Trading Behavior: Role of Sibling Rivalry”.

December 15,
2021

We thank Merih Sevilir for a very interesting presentation of her paper “The Reorganization of Knowledge When Firms Go Public”.

December 09,
2021

We thank Laurent Frésard for a very insightful presentation of his paper “Does Alternative Data Improve Financial Forecasting? The Horizon Effect”.

November 18,
2021

We thank Jonas Heese for a very interesting presentation of his paper “The Monitoring Role of Social Media: Evidence from the Introduction of 3G Internet”.

November 04,
2021

We thank Elena Simintzi for a very insightful presentation of her paper “Women in the Financial Sector”.

September 09,
2021

We proudly present the outstanding line-up of academic speakers for our fourth round of the Joint Finance Seminar. The first presentation will be held by Elena Simintzi (Kenan-Flagler Business School, UNC) on November 03 (4pm CET).

June 09, 2021

We thank Kristine Hankins for a very interesting presentation of her paper “Corporate Responses to Stock Price Fragility”.

May 26, 2021

We thank Itzhak Ben-David for a very interesting presentation of his paper “Do Announcement Returns Predict (Predictable) Merger Outcomes?”. We hope to see you in two weeks when Kristine Hankins will present her paper “Corporate Responses to Stock Price Fragility”.

May 11, 2021

We thank Antoinette Schoar for a very insightful presentation of her paper “Revenue Collapses and the Consumption of Small Business Owners in the Early Stages of the COVID-19 Pandemic“. We hope to see you in two weeks when Itzhak Ben-David will present his paper “Do Announcement Returns Predict (Predictable) Merger Outcomes?“.

April 27, 2021

We thank Mara Faccio for a very interesting presentation of her paper “Impediments to the Schumpeterian Process in the Replacement of Large Firms”. We hope to see you in two weeks when Antoinette Schoar will present her paper “Revenue Collapses and the Consumption of Small Business Owners in the Early Stages of the COVID-19 Pandemic“.

April 13, 2021

We thank Lauren Cohen for a very insightful presentation of his paper “The ESG-Innovation Disconnect: Evidence from Green Patenting”. Lauren’s talk was a great start of the third round of the Joint Finance Seminar. We hope to see you in two weeks when Mara Faccio will present her paper “Impediments to the Schumpeterian Process in the Replacement of Large Firms“.

March 22, 2021

Conference Announcement and Call for Papers
The 6th Annual Cambridge Conference on Alternative Finance
28 June 2020, Cambridge Centre for Alternative Finance, University of Cambridge, England, UK

The Cambridge Centre for Alternative Finance, with the support of Invesco, is hosting the 6th annual conference on alternative finance on 28 June 2021 at University of Cambridge Judge Business School (CJBS).

RESEARCH PAPERS: Alternative finance is defined as instruments, channels, or systems of finance that emerge outside of the regulated banking system. It makes use of technological innovations, such as alternative currencies, disintermediated business models and lending mechanisms to change the way finance has been carried out traditionally. Other terms that have been used to describe it include disruptive finance, distributed finance, fintech, or disintermediated finance. This new era of financial innovation with its characteristics of transparency, speed and convenience has changed the way people, businesses and institutions perform financial transactions, invest in assets, approach potential financing sources and operate. The evolution of this area has been widely covered in the media and is playing an increasingly important role in helping businesses and individuals access the funds they need.

This small boutique conference solicits papers from all areas of the social sciences that will shed light on this emerging area.

TOPICS: Topics include but are not limited to:
– Historical perspectives – Throughout history there have always been instruments and channels of finance operating outside of a formal, regulated banking and capital markets system, and this activity has often been a source of financial innovation. Are there parallels between historical and current forms of alternative finance?
– Business models – Different types of alternative finance models and how they solve asymmetric information problems in businesses, industries, or countries
– Governance models – How alternative finance institutions affect corporate governance or financial policy
– Trust and reputation – The evolution of trust and reputation for platforms
– Crowdfunding and capital formation for early stage firms- Network and social effects affecting platform adoption
– Alternative analytics and new forms of data
– Privacy concerns, security, and risks with distributed financing
– Alternative currencies, Exchange tradeable digital assets, Collateralised coins, Digital cryptocurrencies or digital merchant tokens, Sovereign backed issuance
– Machine learning, AI, and other predictive technologies
– Blockchains, Distributed ledger technologies, Digital Autonomous Organisations, Smart contracting, Internet of things
– Regulatory implications of the spread of alternative technologies

FORMAT: If the covid situation eases, the conference will open on Monday June 28 at the Cambridge Judge Business School, with morning refreshments followed by a full day of paper presentations (including lunch and afternoon refreshments). The day’s events will be followed by a cocktail reception and dinner at one of the colleges at Cambridge. If safety concerns prohibit an in-person conference, the conference will take place in a virtual format over the three days from 28 June – 30 June 2021. In either case, there will be a hybrid option available for participants who do not feel comfortable travelling.

COVID-19 UPDATES: We take the welfare of our participants very seriously and have been closely monitoring the Covid-19 situation. Should the situation not improve by June or should participants not feel comfortable traveling to Cambridge, we will hold virtual sessions over Zoom or Hopin, which will be opened to guests not attending the conference.

KEYNOTE SPEAKER: Stefan Nagel, University of Chicago, Executive Editor, Journal of Finance

CONFERENCE ORGANISER: Raghavendra Rau, University of Cambridge

IMPORTANT DATES:
– Abstract and paper submission deadline: 31 March 2021
– Notification of acceptance: End April 2021
– Final paper submission deadline: Early June 2021
– Academic Conference: 28 June 2021

PAPER SUBMISSION PROCEDURE: Interested authors are kindly invited to submit their papers to ccafevents@jbs.cam.ac.uk by 31 March, 2021 using the subject heading – Conference on Alternative Finance submission. Complete papers will receive priority.

FURTHER INFORMATION: For further information about the conference and logistics, please contact ccafevents@jbs.cam.ac.uk

ABOUT THE CAMBRIDGE CENTRE FOR ALTERNATIVE FINANCE (CCAF): The Cambridge Centre for Alternative Finance (CCAF) was founded in January 2015 and has established itself as a world-class research group within the University of Cambridge. The CCAF is dedicated to the study of new and innovative financial instruments, channels and systems that have emerged outside of the traditional banking and capital markets. We term this as alternative finance but other terms that have been used to describe it include disruptive finance, distributed finance, or disintermediated finance. Examples include crowdsourcing, cryptocurrencies, blockchains, and credit analysis using social data.

You can read more about the CCAF, and obtain copies of all its research and latest benchmarking reports via http://www.jbs.cam.ac.uk/ccaf

January 19, 2021

We proudly present the outstanding line-up of academic speakers for our third round of the Joint Finance Seminar. The first presentation will be held by Lauren Cohen (Harvard University) on April 13 (4pm CET).

December 21, 2020

We thank Rawley Heimer, who presented his paper “Using High-Frequency Evaluations to Estimate Discrimination: Evidence from Mortgage Loan Officers“, for a very insightful seminar talk.

December 07, 2020

We thank Renée Adams, who presented her paper “Shareholders and Stakeholders around the World: The Role of Values, Culture and Law in Directors’ Decisions” for a very interesting seminar talk.

November 17, 2020

We thank Andrew Ellul for presenting his paper “Labor unemployment risk and CEO incentive compensation” and Andrey Golubov for his presentation of his paper “Bidder-specific synergies and the evolution of acquirer returns“. Both seminar talks were very interesting. We hope to see you next week when Renée Adams will be our speaker.

October 13, 2020

Morten Bennedsen’s presentation on his paper “Back to the future: The effect of returning family successions on firm performance” was a very insightful start of the second round of our virtual seminar. We thank Morten for presenting his work and hope to see you in two weeks when Andrew Ellul will be our speaker.

September 09, 2020

We are proud to announce an outstanding line-up of academic speakers for our second round of the Joint Finance Seminar. The first presentation will be held by Morten Bennedsen (INSEAD and University of Copenhagen) on October 13 (4pm CET) on his paper “Back to the future: The effect of returning family successions on firm performance” [PDF]. Feel free to join us.

June 16, 2020

We thank Rüdiger Fahlenbrach, who presented his paper “How Valuable is Financial Flexibility When Revenue Stops? Evidence from the COVID-19 Crisis” for a very interesting seminar talk. See you in two weeks when Dirk Jenter will be our speaker.

June 08, 2020

We would like to inform you about the upcoming fifth Annual Alternative Finance Conference of the Cambridge Centre for Alternative Finance:

Cambridge Centre for Alternative Finance Fifth Annual Alternative Finance Conference

29 Jun 2020 – 01 Jul 2020, Virtual

Date: 29 June 2020 – 1 July 2020
Time: 12:00-15:00 London time
Venue: Over Zoom
Conference program/Registration link: https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/annual-conference/

Keynote Speaker: Cam Harvey, Duke University

The Cambridge Centre for Alternative Finance (CCAF) is an international and interdisciplinary research centre based at the University of Cambridge Judge Business School. It is dedicated to the study of innovative instruments, channels, and systems emerging outside of traditional finance. This includes, among others, crowdfunding, marketplace lending, alternative credit and investment analytics, alternative payment systems, cryptocurrencies, distributed ledger technology (e.g. blockchain) as well as related regulations and regulatory innovations (e.g. sandboxes & RegTech). The Annual Conference will take place from the 29 June – 1 July 2020 over Zoom. The CCAF Annual Conference is made possible with the generous support of CME Group Foundation and Invesco.

May 20, 2020

We thank Raghu Rau, who presented his paper “Law, Trust, and the Development of Crowdfunding” yesterday, for a very insightful seminar talk. See you in two weeks when Ran Duchin will be our speaker.

May 05, 2020

Today, Henri Servaes presented his paper “Gender, Culture, and Firm Value: Evidence from the Harvey Weinstein Scandal and the #MeToo Movement”. We thank Henri for his very interesting talk and the many seminar participants for attending. See you in two weeks when Raghu Rau will be our speaker.

April 21, 2020

We are proud to announce that Dirk Jenter, Professor of Finance at the London School of Economics, will present in our seminar series on June 30, 2020.

April 21, 2020

The first talk on “Real Effects of Investment Fraud” held by Samuli Knüpfer was successful. We thank Samuli for presenting his work and all participants for the vibrant and helpful discussion. We hope to see you again next time!

April 18, 2020

We are happy and proud to announce that scholars from various other universities have registered for the seminar series. The universities include, but are not limited to, Hamburg, Karlsruhe, London (LBS, LSE), Madrid, Mannheim, Munich, Rotterdam, St. Gallen, and Tilburg.