Winter Finance Summit in Asa 2025

February 17 (Monday evening reception) - February 20 (Thursday morning session), 2025

Appi Resort, Japan

The objective of this boutique conference is to present state-of-the-art academic research on topics related to finance and real estate finance. There will be one track of presentations for three days. Its small scale and unique location provide an ideal environment for in-depth discussions.

The venue is ANA Crowne Plaza Resort APPI Kogen in Iwate Prefecture, located in the northern part of Japan’s main island, about four hours by train and bus from Tokyo Station.  The hotel is located at the base of 21 slopes of Japan’s Best Ski Resort 2022 & 2023, recognized by the World Ski Awards (https://worldskiawards.com/award/japan-best-ski-resort/2023). You can enjoy skiing and snowboarding or open-air hot springs between morning and evening sessions.  February is also the best season for powder snow in the area. The closest city, Morioka, placed 2nd on the New York Times travel list in 2023.

ORGANIZERS: Yoshio Nozawa (University of Toronto), Jiro Yoshida (Penn State and University of Tokyo) and Xingtan Zhang (CKGSB).

SPONSOR: The Penn State Borrelli Institute for Real Estate Studies

PROGRAM COMMITTEE:

• Sumit Agarwal (National University of Singapore)
• Brent Ambrose (Penn State University)
• Jaewon Choi (Seoul National University) 
• Pierre Collin-Dufresne (École Polytechnique Fédérale de Lausanne)
• Tony Cookson (University of Colorado)
• Stuart Gabriel (University of California, Los Angeles)
• Diego Garcia (University of Colorado)
• Daniel Green (Harvard Business School)
• Foti Grigoris (University of Iowa)
• Yunzhi Hu (University of North Carolina)
• Yan Ji (Hong Kong University of Science and Technology)
• Raymond Kan (University of Toronto)
• Ryan Lewis (University of Colorado)
• Wenli Li (Federal Reserve Bank of Philadelphia)
• Xiaoji Lin (University of Minesota & CKGSB)
• Thies Lindenthal (University of Cambridge)
• Song Ma (Yale University)
• Abhiroop Mukhergee (Hong Kong University of Science and Technology)
• Yang Song (University of Washington)
• Jacob Sagi (University of North Carolina, Chapel Hill)
• Matthew Spiegel (Yale University)
• Richard Stanton (University of California, Berkeley)
• Sheridan Titman (University of Texas, Austin)
• Ed Van Wesep (University of Colorado)
• Kairong Xiao (Columbia University)
• Ayako Yasuda (University of California, Davis)
• Alminas Zaldokas (National University of Singapore)

TOPICS: We welcome submissions from all areas related to finance and real estate finance. We prefer an early-stage paper that has not been presented at major conferences, such as the American Finance Association.  Please do not submit the paper that has been accepted for publication.

PAPER SUBMISSION PROCEDURE: Interested authors should submit their papers as a pdf-file by October 15, 2024 through the submission form: https://docs.google.com/forms/d/e/1FAIpQLSfMydauJ9cfJBjFiTF_wqBHJ-UjTguwGFD-w5OlYHLavIsT2A/viewform?usp=sf_link

Authors of accepted papers will be notified by the end of November 2024. Please indicate if you are interested in acting as a discussant or session chair even if your paper is not selected to the conference.

EXPENSES AND PRACTICAL ARRANGEMENTS: Travel expenses are expected to be covered by presenters, but the conference will be affordable due to the sponsorship and the negotiated rate for the conference hotel (https://www.appi-japan.com/hotel-room/ana-crowne-plaza-resort-appi-kogen/). There are no submission fees, and the cost for a single room, meals, and registration will be approximately $750 USD at the current exchange rate. Please contact the organizers for any queries on practical arrangements.