Yiran Fan Memorial Conference

2025 Yiran Fan Memorial Conference

Tuesday, May 27, 2025
University of Chicago Booth Harper 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 am.: Presentation 1
Filippo Cavaleri: "Segmented Markets and the Pricing of the Government Debt Portfolio"
Discussant: Jaroslav Borovicka, PhD ‘12
10:05-10:15: Break (10 mins)

10:15-11:15 am.: Presentation 2
Raman Chhina: "Welfare Costs and Benefits of Deficit Financed Fiscal Policy"
Discussant: Paymon Khorrami, PhD ‘19
11:15-11:30: Break (10 mins)

Lunch
11:30-1:00 p.m.: Announcement of 2024 Yiran Fan Memorial Fellowship and 2025 Yiran Fan Memorial Prize
Featured Speaker: Mark Egan, PhD ‘15
1:00-1:15: Break (15 mins)

1:15-2:15 p.m.: Presentation 3
Joanna Harris: "Heterogeneous Impacts of Environmental Regulation"
Discussant: Simon Oh, PhD ‘24
No Break

2:15-3:15 p.m.: Presentation 4
Jessica Li: "Complementarity of Bank and Market Debt in Dynamic Debt Structure"
Discussant: Maryam Farboodi, PhD ‘14
3:15-3:30: Break (15 mins)

3:30-4:30 p.m.: Presentation 5
Bianca He: "Financing Intangibles"
Discussant: Alan Moreira, PhD ‘11
4:30-4:45: Break (15 mins)

4:45-6:00 p.m.: Student Poster Presentations & Reception

• Monica Barbosa: “What Drives New Fund Creation?”
• Thomas Bourany: “The Distributional Consequences of Climate Uncertainty”
• Nimisha Gupta: “Capital Controls, Misallocation and Risk: Cross-country Evidence from Firms’ Bond Issuance”
• Jose Quintero: “Stepping Stones or Traps? The Dynamics of Informal Employment”
• Enrico Stivella: “Loans and Human Capital: Manager Mobility in the Financial Sector and Credit Allocation”
• Judy Yue: “The Elegance of Decline: Optimal Strategies for Resolving Distressed Office Loans”

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.