Call For Papers

Winter Finance Summit in Asia 2027

March 1 (Mon) - 4 (Thu), 2027
(Monday evening reception through Thursday morning session)

Appi Resort, Iwate, Japan

Conference Overview 

Following the outstanding success of the past two years, we are pleased to announce the third edition of this boutique academic conference. The summit will feature state-of-the-art research presentations in finance and real estate finance through a single-track format over three intensive days. Our intimate scale and exceptional location create an ideal environment for meaningful scholarly exchange and in-depth discussions.

Venue & Location

The conference will be held at ANA Crowne Plaza Resort APPI Kogen in Iwate Prefecture, northern Japan, approximately 3.5 hours from Tokyo Station by train and bus. Located at the base of Japan's Best Ski Resort (World Ski Awards 2022 & 2023), the venue offers 21 world-class slopes for skiing and snowboarding, as well as traditional open-air hot springs—perfect for relaxation between sessions.

Mid-February to early March provides optimal powder snow conditions, and attendees will have the opportunity to explore the nearby city of Morioka, which ranked 2nd on The New York Times' 2023 travel list.

Resort Information: https://worldskiawards.com/award/japan-best-ski-resort/2023

Organizers

• Yoshio Nozawa (University of Toronto)
• Jiro Yoshida (Penn State and University of Tokyo)
• Xingtan Zhang (CKGSB)

Sponsor 

The Penn State Borrelli Institute for Real Estate Studies

The Financial Innovation Lab at Rotman, University of Toronto

Program Committee

• Brent Ambrose (Pennsylvania State University)
• Andrea Buffa (University of Colorado, Boulder)
• Jaewon Choi (Seoul National University) 
• Pierre Collin-Dufresne (École Polytechnique Fédérale de Lausanne)
• Tony Cookson (Pennsylvania State University) 
• Spencer Couts (University of Southern California)
• Diego Garcia (University of Colorado, Boulder)
• Fotis Grigoris (University of Iowa)
• Yunzhi Hu (University of North Carolina)
• Yan Ji (Hong Kong University of Science and Technology)
• Ahn Le (Pennsylvania State University)
• Ryan Lewis (University of Colorado, Boulder)
• Thies Lindenthal (University of Cambridge)
• Song Ma (Yale University)
• Abhiroop Mukherjee (Hong Kong University of Science and Technology)
• Christopher Palmer (Massachusetts Institute of Technology)
• Yang Song (University of Washington)
• Richard Stanton (University of California, Berkeley)
• Yuri Tserlukevich (Arizona State University)
• Edward D Van Wesep (University of Colorado, Boulder)
• Michael Weber (Purdue University)
• Alminas Zaldokas (National University of Singapore)
• Feng Zhang (Southern Methodist University)

Submission Guidelines 

Topics of Interest: We welcome high-quality submissions across all areas of finance and real estate finance. We particularly encourage early-stage research that has not been presented at major conferences (such as the American Finance Association). Please note: papers already accepted for publication are not eligible for submission. 

Deadline: October 18, 2026

Format: PDF submission via online form

Submission Portal:  https://forms.gle/CwVgtnDDXB3quReW6  

Submission Fee: JPY8,000

Notification: Authors will be notified of acceptance decisions by the end of November 2026.

Additional Opportunities: When submitting, please indicate your interest in serving as a discussant or session chair, even if your paper is not selected for presentation.

Financial Information

Registration: No registration fees

Accommodation & Meals: Approximately $700 USD for a single-room, three-night stay with meals and registration (based on current exchange rates). Conference attendees receive negotiated hotel rates through the conference reservation site.

Travel: Participants are responsible for their own travel expenses

Hotel Information: https://www.appi-japan.com/hotel-room/ana-crowne-plaza-resort-appi-kogen/

Contact Information

For questions regarding practical arrangements or conference details, please contact the organizers directly at [email protected].

We look forward to your submissions and to welcoming you to this unique academic gathering.