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学术钻研会
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2020/01/03
Transparency of Private Meetings and Market Participants’ Attention Allocation: Evidence from Analysts in China
Accounting Seminar（2020-01）Topic:Transparency of Private Meetings and Market Participants’ Attention Allocation: Evidence from Analysts in ChinaSpeaker:Ronghuo Zheng ，The University of Texas at AustinTime:Friday, Jan 3rd, 13:00-14:30 p.mPlace:Room K02, Guanghua Building 2Abstract:In this paper, we investigate the consequences of increased transparency of private meetings on the attention all...
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2019/12/26
Dollar Funding, Bank Currency Mismatch, and the Transmission of Exchange Rate Policy
?Finance Seminar（2019-36)Topic:?Dollar Funding, Bank Currency Mismatch, and the Transmission of Exchange Rate PolicySpeaker:?Mai Li, Columbia UniversityTime:?Thursday, 26 December, 10:00-11:30Location:?Room 217, Guanghua Building 2Abstract:This paper studies a novel transmission channel for exchange rate policy in emerging markets that acts through financial institutions. According to this “...
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2019/12/19
The Numeraire Effect in Initial Coin Offerings
Finance Seminar（2019-35)Topic:?The Numeraire Effect in Initial Coin OfferingsSpeaker:?Fangzhou Lu,MITTime:?Thursday, 19 December, 10:00-11:30Location:?Room 217, Guanghua Building 2Abstract:There is a high correlation between the returns of cryptocurrencies and those of utility tokens, which are claims to products and services yet to be developed that are issued through ICOs and traded on crypt...
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2019/12/18
Buy-Side Competition and Momentum Profits
Finance Seminar（2019-34)Topic:?Buy-Side Competition and Momentum ProfitsSpeaker:?Nagpurnanand Prabhala,The Johns Hopkins Carey Business SchoolTime:?Wednesday, 18 December, 10:00-11:30Location:?Room 217, Guanghua Building 2Abstract:We show that a new measure of buy-side competition explains momentum profits. The monthly momentum spread is 1.39% when competition is low and negligible when compet...
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2019/12/16
Liquid Speed: On-Demand Fast Trading at Distributed Exchanges
Finance Seminar（2019-33)Topic:?Liquid Speed: On-Demand Fast Trading at Distributed ExchangesSpeaker:?Marius Zoican,University of TorontoTime:?Monday, 16 December, 13:30-15:00Location:?Room 217, Guanghua Building 2Abstract:Exchanges acquire excess processing capacity to accommodate trading activity surges associated with zero-sum high-frequency trader (HFT) "duels." The idle capacity's opportun...
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2019/12/03
Robust Binary Voting
Economics Seminar（2019-20）Topic:?Robust Binary VotingSpeaker:?Qinggong Wu, Hong Kong University of Science and TechnologyTime:?Tuesday,Dec.3, 13:30-15:00?Location:?Room 217, Guanghua Building 2?Abstract:In this paper, we study a new robustness concept in mechanism design with interdependent values: interim dominant strategy incentive compatibility (IDSIC). It requires each agent to have an in...
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2019/11/27
Rent extraction by super-priority lenders
Finance Seminar（2019-32)Topic:?Rent extraction by super-priority lendersSpeaker:?Wei Wang,Smith School of Business, Queen's UniversityTime:?Wednesday, 27 November, 10:00-11:30Location:?Room 217, Guanghua Building 2Abstract:We present striking evidence of supra-competitive pricing of debtor-in-possession (DIP) loans obtained by large firms filing for Chapter 11 bankruptcy. Fully collateralized ...
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2019/11/15
Leveraging Overconfidence
Finance Seminar（2019-31)Topic: Leveraging OverconfidenceSpeaker: Brad M. Barber,Graduate School of Management, UC DavisTime: Friday, 15 November, 12:15-13:45Location: Room K05, Guanghua Building 2Organizers: Department of Finance, Center for Finance and Development, PKUAbstract:In theory, overconfident investors with a budget constraint use leverage more, trade more, and perform worse than wel...
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2019/11/06
Attention, Uncertainty Reduction and Pre-announcement Premium in China
Finance Seminar（2019-30) Speaker: Dun Jia, Renmin University of China
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2019/10/23
Incentive schemes, framing, and market behaviour: evidence from an asset-market experiment
?Accounting Seminar (2019-13)Topic: Incentive schemes, framing, and market behaviour: evidence from an asset-market experimentSpeaker: Xuegang Cui,Professor,Business School, Beijing Normal UniversityTime: Wednesday, 23 Oct, 10:00-11:30Location: Room K02, Guanghua Building 2Abstract:We investigate how asset prices and trading behaviour are impacted by the structure and framing of incentives, us...
