Top Finance Graduate Award Conference

5 May 2026

HEC Paris Campus, Jouy-en-Josas, X013

The Top Finance Graduate Award recognizes the most promising PhD candidates in financial economics worldwide, graduating in 2026. The scientific committee selects the candidates with the greatest promise to have a long-term impact on our understanding of finance, regardless of their field of study. The winners will present this exciting new research during the Top Finance Graduate Award Conference.

10:00-10:25    Coffee and Welcome

10:25-10:30    Opening remarks by Jean-Edouard Colliard (HEC Paris)

10:30–11:15    Patrick Adams (MIT Sloan School of Management), Stocks for the Long Run or Liquidity? Tax Data Evidence and Portfolio Choice Implications

11:15–11:45    Coffee break

11:45-12:30    Sage Belz (Harvard University), The Original Sin Revisited: Investor Composition and Sovereign Risk

12:30-13:30    Lunch break at Petit Gustave

13:30-14:15    Nicolas Hommel (Princeton University), Firms' Foreign Exchange Hedging

14:15-15:00    Oliver Xie (Stanford University), Financial Hedging and Optimal Currency of Invoicing

15:00–15:30    Coffee break

15:30-16:15    Jessica Li (University of Chicago Booth School of Business), Complementarity of Bank and Market Debt in Dynamic Debt Structure

16:15-16:30    Awards presented by Augustin Landier (HEC Paris)

16:30-18:30    Break and social activity

18:30-19:00    Cocktail

19:00-21:30    Dinner at The Best Western

Organizers: Jean-Edouard Colliard and Augustin Landier (both HEC Paris, Finance Department). We are very grateful to HEC for funding and supporting this event.