Dear NFA Members and Guests,

We're pleased to welcome you to Calgary, Alberta, for the annual Northern Finance Association (NFA) Conference. We've designed this event to be a valuable forum for connecting leading academics and researchers in finance.

This year's program features 135 academic papers organized into 45 sessions across three days. This includes two dedicated PhD sessions. Our keynote speaker this year will be Professor Hanno Lustig, the Mizuho Financial Group Professor of Finance at the Graduate School of Business, Stanford University. It is an honor for us to host him on this occasion and look forward to his keynote speech after our luncheon on Saturday, September 20.

The quality of this year's program is a direct result of a rigorous review process. We received over 1,100 submissions, reflecting the depth of research in our field. The review proceeded in two steps: 90 Associate Program Chairs initially pre-screened each paper, followed by comprehensive reviews and scoring by 400 Program Committee Members. This review was then complemented by the session chairs, who picked the discussant for each paper in their session. Together, over 650 researchers from across the globe participated in making this program a success. We extend our sincere gratitude to all these individuals for their dedication and expertise; their contributions have been instrumental in shaping the high-quality program we have today. A complete list of all contributors is available on the conference website.

We encourage you to take advantage of the opportunities for insightful discussions and professional connections throughout the conference. The conference venue is in the heart of Calgary’s downtown, adjacent to Steven Avenue, a bustling street with many options for dining and entertainment. Just a few blocks away you can stroll or jog along the riverbank; or, if inclined, rent a bike and follow paths that stretch for miles along the river. You will also get a chance to taste Calgary’s history as our conference dinner will take place at Fort Calgary, the site where Calgary was founded.

Thank you for joining us. We anticipate a productive and engaging conference for everyone.

Sincerely,

Pablo Moran and Miguel Palacios