Discussants Laurent Bach Assistant Professor, ESSEC Business School Hans Dalborg, Visiting Professor Marieke Bos Deputy Director, Swedish House of Finance Associate Professor (Docent), Swedish House of Finance Peter Englund Professor Emeritus, Department of Finance, SSE Mariassunta Giannetti Katarina Martinson Professor of Finance, Department of Finance, SSE Florian Heider European Central Bank Marcin Kacperczyk Imperial College Roine Vestman Professor, visiting from Stockholm University Ariel Zetlin-Jones Carnegie Mellon University Irina Zviadadze Associate Professor of Finance, HEC Paris Bertil Danielsson Visiting Professor