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北大主页学术研讨会
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2019/02/20
Premium for Heightened Uncertainty: Solving the FOMC Puzzle
Finance Seminar（2019-07)Topic: Premium for Heightened Uncertainty: Solving the FOMC PuzzleSpeaker: Grace Xing Hu, University of Hong KongTime: Wednesday, 20 February, 10:00-11:30Location: Room 217, Guanghua Building 2Abstract:Lucca and Moench (2015) document that prior to the announcement from FOMC meetings, the stock market yields substantial returns without major increase in conventional mea...
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2019/01/17
Political Ties and Predictable Returns
Finance Seminar（2019-06)Topic: Political Ties and Predictable ReturnsSpeaker: Siyi Shen, Boston CollegeTime: Thursday, 17 January, 13:00-14:30Location: Room K01, Guanghua Building 2Abstract:This paper demonstrates the importance of inter-firm political links, measured by common campaign contributions made by firm executives. Price movements of a firm’s stock are predictable based on stock pri...
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2019/01/17
Delayed Alpha: The Term Structure of Earnings Expectations and the Cross Section of Stock Returns
Finance Seminar（2019-05)Topic: Delayed Alpha: The Term Structure of Earnings Expectations and the Cross Section of Stock ReturnsSpeaker: Conson (Yingguang) Zhang, University of Southern CaliforniaTime: Thursday, 17 January, 10:00-11:30Location: Room K01, Guanghua Building 2Abstract:The term structure of analysts' earnings expectations and its dynamics predict the cross section of stock returns...
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2019/01/14
The Efficiency Effects of Information Quality in Failed-Bank Auctions
Finance Seminar（2019-04)Topic: The Efficiency Effects of Information Quality in Failed-Bank AuctionsSpeaker: Siyu (Eric) Lu, Carnegie Mellon UniversityTime: Monday, 14 January, 13:30-15:00Location: Room 217, Guanghua Building 2Abstract:In the aftermath of the most recent financial crisis, the Federal Deposit Insurance Corporation auctioned off over 400 failed banks with around $650 billion in ...
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2019/01/14
Exogenous Shocks and Real Effects of Financial Constraints: Loan- and Firm-Level Evidence around Natural Disasters
Finance Seminar（2019-03)Topic: Exogenous Shocks and Real Effects of Financial Constraints: Loan- and Firm-Level Evidence around Natural DisastersSpeaker: Ai He, Emory UniversityTime: Monday, 14 January, 10:00-11:30Location: Room 217, Guanghua Building 2Abstract:This article studies how non-economic, exogenous shocks on a subset of borrowers constrain bank lending and affect real economic activ...
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2019/01/11
Time Inconsistency and Financial Covenants
Finance Seminar（2019-02)Topic: Time Inconsistency and Financial CovenantsSpeaker: Haotian Xiang, The Wharton School, University of PennsylvaniaTime: Friday, 11 January, 10:00-11:30Location: Room K01, Guanghua Building 2Abstract:I investigate how financial covenants influence corporate behavior and firm value by allocating control rights. In a dynamic model with long-term debt, shareholders can...
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2019/01/09
Impact of Venture Capital Flows on Incumbent Firms: Evidence from 70 Million Workers
Finance Seminar（2019-01)Topic: Impact of Venture Capital Flows on Incumbent Firms: Evidence from 70 Million WorkersSpeaker: Linghang Zeng, Georgia Institute of TechnologyTime: Wednesday, 9 January, 10:00-11:30Location: Room 217, Guanghua Building 2Abstract:Using an anonymized employer-employee matched payroll dataset of 70 million workers, I examine the effect of venture capital (VC) investmen...
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2018/12/19
Group Search Strategy
Marketing Seminar（2018-26）Topic:Group Search StrategySpeaker:Xinyu Cao,NYU Stern School of BusinessTime:Wednesday, 19 December, 13:30-15:00Location:Room 217, Guanghua Building 2Abstract:It is prevalent in the real life that a group of people need to search and make a group decision, such as when a family search and purchase a house. Since group members may have different preferences, it can b...
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2018/12/19
Equilibrium Asset Pricing with Price War Risks
Finance Seminar（2018-32）Topic: Equilibrium Asset Pricing with Price War RisksSpeaker: Winston (Wei) Dou, The Wharton School, University of PennsylvaniaTime: Wednesday, 19 December, 10:00-11:30Location: Room 217, Guanghua Building 2Abstract:We develop a general-equilibrium asset pricing model incorporating dynamic supergames of price competition. Price war risks can rise endogenously due to de...
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2018/12/18
Corruption And Firms: Evidence From Randomized Audits In Brazil
Finance Seminar（2018-31）Topic: Corruption And Firms: Evidence From Randomized Audits In BrazilSpeaker: Emanuele Colonnelli,The University of Chicago Booth School of BusinessTime: Tuesday, 18 December, 12:15-13:30Location: Room K01, Guanghua Building 2Abstract:We exploit spatial variation in randomized anti-corruption audits related to government procurement contracts in Brazil to assess how c...
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2018/12/12
Human Mobility Analysis Using Machine-Learning and its Applications in Marketing
Marketing Seminar（2018-25）Topic:Human Mobility Analysis Using Machine-Learning and its Applications in MarketingSpeaker:Francisco Orlando Cisternas Vera, The Chinese University of Hong Kong (CUHK) Business SchoolTime:Wednesday, 12 December, 13:30-15:00Location:Room 217, Guanghua Building 2Abstract:The large penetration and use of mobile devices is a fast and global phenomenon. The availabilit...
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2018/12/12
Explaining the U.S. Stock Market Listing Gap And Valuation Premium
Finance Seminar（2018-30） Topic: Explaining the U.S. Stock Market Listing Gap And Valuation PremiumSpeaker: William L. Megginson, The University of OklahomaTime: Wednesday, 12 December, 10:00-11:30Location: Room 216, Guanghua Building 2 Abstract:Doidge, Karolyi, and Stulz (2017) identify a U.S. specific “Listing Gap” and find the U.S. has approximately 5,500 firms less in 2012 than the numbe...
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2018/12/08
Call for Papers and Participants Accounting and Business Research Special Issue Conference on ‘Auditing in China’
Call for Papers and ParticipantsAccounting and Business ResearchSpecial Issue Conference on ‘Auditing in China’8-9 December, 2018Beijing, ChinaConference Paper Submission Deadline:1 October 2018Keynote Speaker:Professor Mark DeFond is the A. N. Mosich Chair of Accounting, Leventhal School of Accounting, University of Southern California. His research investigates issues in auditing, interna...
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2018/12/05
The Dark Side of Market-mediated Liquid Consumption in the Digital Era
Marketing Seminar（2018-24）Topic:The Dark Side of Market-mediated Liquid Consumption in the Digital EraSpeaker:Liyin Jin,School of Management, Fudan UniversityTime:Wednesday, 05 December, 13:30-15:00Location:Room K01, Guanghua Building 2Abstract:Consumer behavior has evolved. Consumers can engage in access-based acquisition of consumption resources (as opposed to ownership) via renting, sharin...
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2018/11/30
Torpedo Your Competition: Strategic Reporting and Peer Firm IPO
Finance Seminar（2018-29）Topic: Torpedo Your Competition: Strategic Reporting and Peer Firm IPOSpeaker: Xiaoyun Yu, Indiana UniversityTime: Friday, 30 November, 12:15-13:45Location: Room 217, Guanghua Building 2Abstract:We show that firms manage their earnings downwards when their industry peers file for initial public offerings (IPOs). The downward accruals reverse if there are no peers attem...
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2018/11/23
重塑结构转型
光华思想力·金融政策与实践系列讲座第五期 演讲题目：重塑结构转型演讲嘉宾：王勇（北京大学新结构经济学研究院）时 间：2018年11月23日（周五）12:15-13:30地 点：光华2号楼217室主办单位：北京大学光华管理学院金融学系 讲座简介：首先介绍新结构经济学作为第三代发展经济学产生的背景以及与前两代思想的主要区别，然后重点介绍新结构经济学的一个基础理论模型，以此阐述新结构经济学理论的核心特点，再次简要介绍在...
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2018/11/23
Does Fast Fashion Increase the Demand for Premium Brands? A Structural Analysis
Marketing Seminar（2018-23）Topic: Does Fast Fashion Increase the Demand for Premium Brands? A Structural AnalysisSpeaker: Zijun Shi, Tepper School of Business, Carnegie Mellon UniversityTime: Friday, 23 November, 14:00-15:30Location: Room 217, Guanghua Building 2 Abstract:This Erosion of high-end fashion brands by fast fashion copycats (e.g., Zara, Forever 21) has raised attention from indus...
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2018/11/21
Contracting Frictions with Managers, Financial Frictions, and Misallocation
Finance Seminar（2018-28）Topic: Contracting Frictions with Managers, Financial Frictions, and MisallocationSpeaker: Xiaodong Zhu, University of TorontoTime: Wednesday, 21 November, 12:30-14:00Location: Room K01, Guanghua Building 2Abstract:Weak contract enforcement prevents productive firms from hiring outside managers and expanding production in developing countries. We build a framework in w...
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2018/11/19
When Does Choice Architecture Fail? How User Models in Choice Architecture Impact Consumer Decision-Making
Marketing Seminar（2018-22）Topic:When Does Choice Architecture Fail? How User Models in Choice Architecture Impact Consumer Decision-MakingSpeaker:Benedict G.C. Dellaert, Erasmus School of Economics, Erasmus University RotterdamTime:Monday, 19 November, 13:30-15:00Location:Room 217, Guanghua Building 2Abstract:To enable consumers to make better decisions, choice architects must have a represen...
