7th Analyst Research conference
17th April 2026
Mendoza College of Business, University of Notre Dame, USA
Date: 17th April 2026
Venue: Mendoza College of Business, University of Notre Dame, USA
Theme: Current topics in analyst research
Format: In-person with parallel sessions
PARTICIPANT REGISTRATION: The conference fee is £350 and covers catering and conference materials.
The conference brings together academics and finance professionals to create a dynamic environment to facilitate knowledge exchange between academia and practice. The conference will feature academic presentations and presentations by industry professionals.
7:45 - 8:30 Registration and light breakfast in Stayer Commons B
8:30 - 8:45 Welcome in Stayer room 213
8:45 - 9:20 Session 1 in Stayer room 213
Moderator - Leila Peyravan, Rice University
Soft Information for Sale: Evidence from Investment Research by Kerry Xiao* (Hong Kong U. of Science and Technology) and Amy Zang (Hong Kong U. of Science and Technology). Discussion by Jesse Chan (Boston U.)
9:20 - 10:20 Keynote speaker: Stanimir Markov, University of Texas Dallas, in Stayer room 213
10:20 - 10:40 Coffee break in Stayer Commons
10:40 - 12:25 Parallel sessions
Parallel Session 2A in Stayer room 213
Moderator - Nargess Golshan, Indiana University
10:40 - 11:15 When Public Information Goes Private: Analyst Careers and Market Efficiency by Ling Chen (Chinese U. of Hong Kong), Jing Chen (Peking), Chay Ornthanalai (U. of Toronto), and Christoph Schiller (The Ohio State U.) Discussion by Quihong Zhao (Texas A&M U.)
11:15 - 11:50 Passing the Torch: Mentorship among Sell-Side Analysts by Nargess Golshan (Indiana U.), Mark Piorkowski* (Indiana U.), and Tzachi Zach (The Ohio State U.) Discussion by Mike Jung (U. of Delaware).
11:50 - 12:25 From the Environment to the Market: How Pollution Monitoring Shapes Analysts' Pricing of Environmental Risks by Namrata Kala (MIT Sloan), Jalal Sani* (U of Illinois), Nemit Shroff (MIT Sloan), and Pengdong Zhang (Sun Yat-sen U.) Discussion by Paul Richardson (The U. of Texas at Arlington).
Parallel Session 2B in Stayer room 218
Moderator - Irene Karamanou, University of Cyprus
How Do Customer Information Shifts Affect Analysts' Forecasts for Suppliers? Evidence from Listings and Delistings by Ilona Baastiansen* (U. of Notre Dame), Stephannie Larocque (U. of Notre Dame), and Franco Wong (University of California, Irvine). Discussion by Marcus Kirk (U. of Florida).
Echo Chambers at Work: The Impact of Political Ideology Alignment on Analyst Forecasts by Mengqiao Du* (National U. of Singapore) and Sabrina Yufang Sun (U. of Mannheim). Discussion by Joe Pacelli (Harvard U.)
Do Shared Analysts Shape Competitive Behavior? Evidence from Product Announcements by Yuanfang Chu* (Chinese U. of Hong Kong), Sudipto Dasgupta (Chinese U. of Hong Kong), and Fangyuan Ma (Peking U.) Discussion by Jared Flake (Boise State U.)
12:25 - 13:25 Lunch in Stayer Commons
13:25 - 15:10 Parallel sessions
Parallel Session 3A in Stayer room 213
Moderator - Laurel Mazur, U. of Notre Dame
13:25 - 14:00 Belief Distortions, Asset Prices, and Unemployment Fluctuations by Do Lee* (New York U.) Discussion by Johnathan Loudis (U. of Notre Dame).
14:00 - 14:35 Information Processing Efficiency, Analyst Behavior, and Predictable Returns by Alok Kumar (U. of Miami) and Hongwei Mo* (Oxford U.) Discussion by Zach Kaplan (Washington U. of St Louis).
14:35 - 15:10 Federal Reserve rate disclosure and analyst forecasts by Pawel Bilinski (Bayes Business School), Wen Lin (Central U. of Finance and Economics), Yang Wang (Lancaster U.), and Xiaoyong Wu (U. of Bristol). Discussion by Laurel Mazur (U. of Notre Dame).
Parallel Session 3B in Stayer room 218
Moderator - Mark Piorkowski, Indiana University
The Promise and Peril of Generative AI: Evidence from GPT as Sell-Side Analysts by Edward Li (Baruch College), Min Shen* (George Mason U.) and Zhiyuan Tu (Southwestern U. of Finance and Economics), and Dexin Zhou (Baruch College). Discussion by Rubin Hao (U. of Macau).
Beyond Automation: AI and the Human Value of Sell-Side Analysts by Devin Shanthikumar (U. of California, Irvine) and Il Sun Yoo* (U. of Hawai'i at Manoa). Discussion by Leila Peyravan (Rice U.)
Analysts' Use of Data Visualization and the Quality of Sell-Side Equity Reports by Jared Flake (Boise State U.), Nargess Golshan* (Indiana U.), Kenneth Merkley (Indiana U.), and Mark Piorkowski (Indiana U.) Discussion by James Warren (Texas A&M U.)
15:10 - 15:25 Coffee break in Stayer Commons
15:25 - 16:00 Session 4 in Stayer room 213
Moderator - Stephannie Larocque, University of Notre Dame
The Listenability of Disclosures and Firms' Information Environment by Andrew Call (USC), Ben Wang (Hong Kong Polytechnic U.), Liwei Weng* (Northeastern U.), and Qiang Wu (Hong Kong Polytechnic U.) Discussion by Jessie Watkins (U. of Notre Dame).
16:00 - 17:00 Practitioners' panel featuring sell-side analysts in Stayer room 213
PARTICIPANT REGISTRATION: The conference fee is US $400 and covers catering and conference materials.
CONTACT INFORMATION: Organizers: Prof Pawel Bilinski, Prof Irene Karamanou, Prof Andy Imdieke, Prof Stephannie Larocque Email: cefarr@city.ac.uk