European Finance Association

52nd Annual Meeting

Paris, France 20-23 August 2025

Thank You for Attending the EFA 2025 Annual Meeting

On behalf of the EFA 2025 team, thank you to everyone who contributed to this year’s conference — including the program committees, presenters, discussants, session chairs, participants, partners, and staff.

We appreciated the thoughtful presentations, discussions, and engagement throughout the event. Your contributions sparked meaningful conversations, new connections, and ideas that will continue to shape our community long after the conference.

We’re grateful for your participation and hope you found the conference informative and worthwhile.

See you next year in Ghent!

Best wishes,
Laurent, Helen, Aurélie, Laura, and the Local Organizing Committee

The program

Photos

EFA 2025 Best Conference Paper Prize

The Quiet Hand of Regulation: Harnessing Uncertainty and Disagreement
by Daniel Andrei and Lorenzo Garlappi

The Engelbert Dockner Memorial Prize for the Best Paper by Young Researchers

Long Rates, Life Insurers, and Credit Spreads
by Ziang Li

Runner Up
Insider Trading With Options
by Matteo Vacca

2025 Pagano and Zechner Prize 

Do Private Firms (Mis)Learn from the Stock Market?
by Dong Yan

Runner Up
Is One Share/One Vote Optimal
by Denis Gromb and Viral Acharya

2025 IQAM Prize

Is News Really News: The Effects of Selective Disclosure Regulations
by Brent Kitchens, Robert Parham, and Chris Yung

Runner Up 
Humans in Charge of Trading Robots: The First Experiment
by Elena Asparouhova, Peter Bossaerts, Xiaoqin Cai, Kristian Rotaru, Nitin Yadav, and Wenhao Yang

2025 Review of Finance Distinguished Referee Awards
  • Scott Cederburg
  • Lawrence Jin
  • Todd Keister
EFA Doctoral Tutorial Best Paper Prize

Synthetic Dollar Funding
by Umang Khetan

EFA 2025

SKEMA Business School is proud to organize the 52nd Annual Meeting of the European Finance Association. The meeting will be held from 20 to 23 August, 2025.

Laurent Calvet

EFA 2025 Program Chair
SKEMA Business School

Helen Bollaert

Head of the Local Organizing Committee
SKEMA Business School

Partners

Exhibitors