Public Enforcement of Securities Laws in Weak Institutional Environments: Evidence from China
Finance Seminar（2019-24)Topic: Public Enforcement of Securities Laws in Weak Institutional Environments: Evidence from ChinaSpeaker: Kai Li, University of British ColumbiaTime: Wednesday, 24 July,13:30-15:00Location: Room 217, Guanghua Building 2Abstract:China presents a unique opportunity to study an increase in public enforcement of mandatory disclosure when private enforcement is largely ab...
S&P Issuer Credit Rating and Understated Pension Liabilities
Finance Seminar（2019-23)Topic: S&P Issuer Credit Rating and Understated Pension LiabilitiesSpeaker: Jun Cai, City University of Hong KongTime: Monday, 22 July, 13:30-15:00Location: Room 217, Guanghua Building 2Abstract:The Employee Retirement Income Security Act (ERISA) requires that the interest rate used to calculate the present value of firms' pension plan liabilities be based on 30-year Tr...
Carrot and stick: Two natural field experiments on lender information sharing
Finance Seminar（2019-22)Topic: Carrot and stick: Two natural field experiments on lender information sharingSpeaker: Jun Yang, Indiana UniversityTime: Wednesday, 17 July, 10:00-11:30Location: Room 217, Guanghua Building 2Abstract:We examine the effect of lender credit information sharing on first-time borrowers’ loan take-up and default decisions using a pair of natural field experiments. Upo...
Immigration, Science, and Invention, Evidence from the Quota Acts
EconomicsSeminar（2019-13）Topic:Immigration, Science, and Invention, Evidence from the Quota ActsSpeaker:Petra Moser, New York University School of BusinessTime:Friday, July 12, 13:30-15:00Location:Room 217, Guanghua Building 2Abstract:The United States implemented its first ethnicity-based immigration rules in 1921 and 1924. The goal of these national origins quotas was to keep out low-skille...
Acrobatic regression in detection and attribution of climate change
Statistics Seminar (2019-18) Title: Acrobatic regression in detection and attribution of climate changeSpeaker: Jun Yan, University of ConnecticutTime: Wednesday, July 3, 14:00-15:00Place: Room 216, Guanghua Building 2Abstract:Optimal fingerprinting, the standard approach to detection and attribution of climate change, is a linear regression where the observed climate variable is regressed on t...
Periodic Disclosure of Asset-Backed Securities and Bond Trading
Accounting Seminar（2019-11）Topic:Periodic Disclosure of Asset-Backed Securities and Bond TradingSpeaker:Haiwen (Helen) Zhang, University of MinnesotaTime:Friday, June 28th, 10:00-11:30 a.mPlace:Room 217, Guanghua Building 2Abstract:Transparency and liquidity are important issues in the market of complex structured products. In this paper, we provide large-sample evidence on whether investor...
More Cash Flows, More Options? The Effect of Cash Windfalls on Small Firms
Finance Seminar（2019-21)Topic: More Cash Flows, More Options? The Effect of Cash Windfalls on Small FirmsSpeaker: Xing Huang, Washington University in St. LouisTime: Friday, 28 June, 12:15-13:30Location: Room 217,Guanghua Building 2Abstract:This paper studies the effect of shocks to firms’ internal resources on business success and on owners’ economic behaviors. We use a new source of variat...
Mutual Fund Market Timing: Daily Evidence
Finance Seminar（2019-20)Topic: Mutual Fund Market Timing: Daily EvidenceSpeaker: Ke Wu, Renmin University of ChinaTime: Wednesday, 26 June, 10:00-11:30Location: Room 217, Guanghua Building 2Abstract:We use Engle’s (2002) dynamic conditional correlation (DCC) model to examine mutual fund market timing based on beta asymmetry, the difference between upside and downside beta. We find significant...
Misallocation Effects of Labor Market Frictions
EconomicsSeminar( 2019-12)Topic:Misallocation Effects of Labor Market FrictionsSpeaker:Stanislav Rabinovich,UNC Chapel HillTime:Friday, June 21, 13:30-15:00p.mPlace:Room 217, Guanghua Building2Abstract:We ask whether,and in what respect, labor market frictions lead to misallocation of workers across firms. We answer this question in a heterogeneous- firm model with imperfectly directed search. ...
High-dimensional Tensor Regression Analysis
Statistics Seminar (2019-17) Title: High-dimensional Tensor Regression AnalysisSpeaker: Anru Zhang, University of Wisconsin-MadisonTime: Thursday, June 20, 14:00-15:00Place: Room 217, Guanghua Building 2Abstract:The past decade has seen a large body of work on high-dimensional tenors or multiway arrays that arise in numerous applications. In many of these settings, the tensor of interest is hig...