會議議程 | 2018大中華區金融學術會議 - 學術動態 - SOE

  1. 會議議程 | 2018大中華區金融學術會議

    PROGRAM DETAILS (Preliminary)

    Saturday, June 23, 2018, 8:30 am- 8:45 am

    Opening Ceremony  N302  (Chair: Yinggang Zhou)

     

    Saturday, June 23, 2018, 8:45 am- 10:15 am

    Keynote Speech I     N302  (Chair: Ye Guo)

    Development of Financial Economics

    Gregory Chow, Princeton University

     

    Keynote Speech II    N302  (Chair: Haiwei Jing)

    Corporate Actions and the Manipulation of Retail Investors:The Case of Stock Splits in China

    Sheridan Titman, University of Texas at Austin

    Saturday, June 23, 2018, 10:45 am – 12:15 pm

    Labor & Finance  N301

    Xiaoran Ni, Xiamen University

     

    Labor Market Immobility and Incentive Contract Design

    Chen Lin, University of Hong Kong

    Lai Wei, Lingnan University

    Nan Yang, Hong Kong Polytechnic University

     

    Controlling Shareholder Expropriation and Labor Investment Efficiency

    Xiaoran Ni, Xiamen University

     

    Institutional Investors and Employee Wages

    Yao Lu, Tsinghua University

    Zhang Peng, Tsinghua University

    Zhufeng Xu, Tsinghua University

    Shanghan Gao, Tsinghua University

     

    Managerial Labor Market Competition and Agency Problems: The Impact of China’s Open-Market Recruiting Reform on Earnings Management

    Yongxin Xu, Victoria University of Wellington

    Gaoping Zheng, Southwestern University of Finance and Economics

     

    Discussant:

    Zhang Peng, Tsinghua University

    Nan Yang, Hong Kong Polytechnic University

    Yongxin Xu, Victoria University of Wellington

    Xiaoran Ni, Xiamen University

     

    Asset Pricing I   N302

    Tao Wu, Illinois Institute of Technology

     

    Individual investor buying and individual investor selling around dividend announcement

    Changfeng Ma, Shanghai National Institute of Accounting

    William T. Lin, Tamkang University

     

    The Correlated Trading and Investment Performance of Individual Investors

    Wei-Yu Kuo, Chengchi University

    Tse-Chun Lin, University of Hong Kong

    Jing Zhao, The Hong Kong Polytechnic University

     

    Diversification in Lottery-Like Features and Portfolio Pricing Discounts

    Xin Liu, University of Bath

     

    An Equilibrium Model with Buy and Hold Investors

    Tao Wu, Illinois Institute of Technology

     

    Discussant:

    Jing Zhao, The Hong Kong Polytechnic University

    Xin Liu, University of Bath

    Tao Wu, Illinois Institute of Technology

    Changfeng Ma, Shanghai National Institute of Accounting

     

    Corporate Governance   N303

    Chao Ma, Xiamen University

     

    The impact of holding bank ownership on investment efficiency: Evidence from China

    Tianpei Luo, Curtin University

    Gary Gang Tian, Macquarie University

    Hongjian Wang, Jinan University

    Huanming Yan, Nanchang University

     

    Does Capital Structure Differently Affect Incumbents’ Responses to Entry Threat and Actual Entry?

    Chao Ma, Xiamen University

     

    Corporate Alliances, Resource Reallocation, and the Propagation of Merger Activity     

    Fernando Anjos, Nova School of Business and Economics

    Haiwei Jing, Xiamen University

     

    Independent Directors’ Board Network and Compensation - A Study on Listed Financial Companies in Taiwan

    PeiLin Hsieh, Xiamen University

    Ami Chang, Xiamen University

    Qinqin Zhang, Xiamen University

     

    Discussant:

    Chao Ma, Xiamen University

    Haiwei Jing, Xiamen University

    Qinqin Zhang, Xiamen University

    Hongjian Wang, Jinan University

     

    Financail Econometrics  N308

    Tao Zeng, Zhejiang University

     

    Specification Tests based on MCMC Output

    Yong Li, Renmin University of China

    Jun Yu, Singapore Management University

    Tao Zeng, Zhejiang University

     

    Systemic Risk Measures Evaluation and Application

    Guojin Chen, Xiamen University

    Yanzhen Liu, Xiamen University

     

    Implied Cost of Capital versus Fundamental Valuation Efficiency: A Clarification and Empirical Implications

    C.S. Agnes Cheng, Hong Kong Polytech University

    Jing Fang, Hong Kong Polytech University

     

    Modeling and forecasting jumps in returns by realized variation measures

    Yi Liu, Hunan University

    Huifang Liu, Hunan University

    Lei Zhang, Hunan University

     

    Discussant:

    Yanzhen Liu, Xiamen University

    Jing Fang, Hong Kong Polytech University

    Huifang Liu, Hunan University

    Tao Zeng, Zhejiang University

     

    Saturday, June 23, 2018, 13:15 pm – 14:00 pm

    Keynote Speech III  N302 (Chair: Kuo Zhang)

    Stock Connect

    Kalok Chan, The Chinese University of Hong Kong

    Saturday, June 23, 2018, 14:00 pm – 15:30 pm

    Corporate Investment     N301

    Ming Gu, Xiamen University

     

    Information asymmetry and credit rating: A quasi-natural experiment from China

    Xiaolu Hu, RMIT University

    Rachel Huang, RMIT University

    Zheyao Pan, Macquarie University

    Jing Shi, Macquarie University

     

    Margin Trading and Corporate Investments:  Evidence from a Quasi-natural Experiment in China

    G. Nathan Dong, Columbia University

    Ming Gu, Xiamen University

    Weiwei Huang, Renmin University of China

    K.C. John Wei, Hong Kong Polytechnic University

     

    Do Social Connections Mitigate Hold-up? Evidence from Relation-Specific Investment and Innovation in Vertical Relationships

    Sudipto Dasgupta, Chinese University of Hong Kong, Lancaster University and CEPR

    Kuo Zhang, Xiamen University

    Chenqi Zhu, New York University

     

    Institutional Multiple Holdings and Corporate Innovation

    Bin Qiu, Missouri Western State University

     

    Discussant:

    Ming Gu, Xiamen University

    Zheyao Pan, Macquarie University

    Bin Qiu, Missouri Western State University

    Kuo Zhang, Xiamen University

     

    Anomolies   N302

    Qian Han, Xiamen University

     

    Book-to-Market Ratio and Inflexibility: The Effect of Unrecorded R&D Capital

    Yuan Li, University of Cambridge

     

    Have We Explained the Accrual Anomaly? An Evaluation Based on the Decomposition Method

    Zhuo Huang, Peking University

    Dawei Lin, Peking University

    Zhimin Qiu, Peking University

     

    That is not my dog: why doesn’t the log dividend-price ratio seem to predict future log returns or log dividend growth?

    Philip H. Dybvig, Washington University in Saint Louis

    Huacheng Zhang, Southwest University of Finance and Economics

     

    Dissecting the Effectiveness of Firm Financial Strength in Predicting Chinese Stock Market

    Fuwei Jiang, Central University of Finance and Economics

    Fujing Jin, Central University of Finance and Economics

    Guohao Tang, Hunan University

     

    Discussant:

    Zhimin Qiu, Peking University

    Huacheng Zhang, Southwest University of Finance and Economics

    Fujing Jin, Central University of Finance and Economics

    Yuan Li, University of Cambridge

     

    Stock Returns    N303 

    Lei Zhao, ESCP Europe

     

    Loss Probability and the Cross Section of Expected Stock Returns

    Ji Cao, Nankai University

    Marc Oliver Rieger, University of Trier

    Lei Zhao, ESCP Europe

     

    Medical Innovation, Labor Productivity, and the Cross Section of Stock Returns

    Tong Zhou, Sun Yat-Sen University

     

    Profitability, Asset Investment, and Aggregate Stock Returns

    Timothy K. Chue, Hong Kong Polytechnic University

    Jin Xu, Hong Kong Polytechnic University

     

    Model Selection, Idiosyncratic Volatility, and Stock Returns

    Chengbo Fu, University of Manitoba

    Gady Jacoby, University of Manitoba

    Lei Lu, University of Manitoba

     

    Discussant:

    Tong Zhou, Sun Yat-Sen University

    Jin Xu, Hong Kong Polytechnic University

    Chengbo Fu, University of Manitoba

    Lei Zhao, ESCP Europe

     

    Saturday, June 23, 2018, 16:00 pm – 17:30 pm

    China Economy  N301

    Weiyi Cai, Xiamen University

     

    Forecasting China's economic growth by deep learning what macroeconomic news says

    Tiejun Wang, Minnan Normal University

    Zhengyu Liu, Minnan Normal University

    Yaqin Pan, Minnan Normal University

     

    The Time Series Fluctuation and Regional Difference of Growth Quality in China's Financial Industry

    Rongrong Shi, Northwest University

    Baoping Ren, Northwest University

    Lu Lu, Northwest University

     

    Does loan growth lead to insolvency? Evidence from Greater China region

    Farrukh Shahzad, Chongqing University

    Jing Lu, Chongqing University

    Zeeshan Fareed, Zhongnan University of Economics and Law

     

    Tigers and Flies: Discretion and Expertise in the Chinese Anti-corruption Campaign

    Philip H. Dybvigy, Washington University in Saint Louis

    Yishu Fu, Southwestern University of Finance and Economics

     

    Discussant:

    Rongrong Shi, Southeast University

    Farrukh Shahzad, Chongqing University

    Yishu Fu, Southwestern University of Finance and Economics

    Tiejun Wang, Minnan Normal University

     

    Asset Pricing II  N302

    Junye Li, ESSEC Business School

     

    Option-Implied Variance Asymmetry and the Cross-Section of Stock Returns

    Tao Huang, Xi'an Jiaotong-Liverpool University

    Junye Li, ESSEC Business School

     

    Bid and Ask Prices of Index Put Options: Who Tell the Truth of Underlying Stock Return

    Jian Chen, Xiamen University

    Yangshu Liu, Xiamen University

     

    Bad Volatility is not always Bad: Evidence from Commodity Markets

    Yahua Xu, Central South University

    Tai-yong Roh, Auckland University of Technology

     

    Solving asset pricing models via nonparametric two stage penalized b-spline regression

    Yongmiao Hong, Cornell University, Xiamen University

    Yingxing Li, Xiamen University

     

    Discussant:

    Yangshu Liu, Xiamen University

    Yahua Xu, Central South University

    Junye Li, ESSEC Business School

     

    Fund Activism   N303

    Li Zhang, Nanyang Technological University

     

    The beta anomaly and mutual fund performance

    Paul Irvine, Texas Christian University

    Jeong Ho (John) Kim, Emory University

    Jue Ren, Texas Christian University

     

    Do mutual funds exit when they win contentious votes at shareholder meetings?

    Li Zhang, Nanyang Technological University

     

    The Economic Consequences of Mutual Fund Advisory Misconduct

    Kai Wu, Cornell University

     

    Is the Active Fund Management Industry Concentrated Enough?

    David Feldman, University of New South Wales

    Konark Saxena, University of New South Wales

    Jingrui Xu, Xiamen University

     

    Discussant:

    Li Zhang, Nanyang Technological University

    Kai Wu, Cornell University

    Jingrui Xu, Xiamen University

    Jue Ren, Texas Christian University

    Sunday, June 24, 2018, 8:30 am – 10:00 am

    Keynote Speech IV  N302 (Chair: Jingrui Xu)

    Women on Boards: The Superheroes of Tomorrow? 

    Renee Adams, The University of New South Wales

     

    Keynote Speech V    N302 (Chair: Haiqiang Chen)

    Useless Factors

    Raymond Kan, University of Toronto

    Sunday, June 24, 2018, 10:30 am – 12:00 noon

    Asset Pricing III N301

    Yang Gao, The University of Sydney

     

    Information Percolation, The 52-Week High, and Short-Term Reversal in Stock Returns

    Zhaobo Zhu, Shenzhen Audencia Business School - Shenzhen University

    Licheng Sun, Old Dominion University

    Chris Stivers, University of Louisville

    Kai Zhang, Shenzhen Audencia Business School - Shenzhen University

     

    Investing with cryptocurrencies - A liquidity constrained investment approach

    Simon Trimborn, National University of Singapore

    Mingyang Li, Xiamen University

    Wolfgang Karl Härdle, Humboldt-Universität zu Berlin, Singapore Management University

     

    Partial Moment Momentum      

    Yang Gao, The University of Sydney

    Henry Leung, The University of Sydney

    Stephen Satchell, The University of Sydney, University of Cambridge

     

    Estimating Order Imbalance Using Low-Frequency Data

    JinGi Ha, Singapore Management University

    Jianfeng Hu, Singapore Management University

     

    Discussant:

    Mingyang Li, Xiamen University

    Yang Gao, The University of Sydney

    Jianfeng Hu, Singapore Management University

    Zhaobo Zhu, Shenzhen Audencia Business School - Shenzhen University

     

    Macro Finance  N302

    Shugeng Dai, Xiamen University

     

    Research on the Dynamic Correlation between RMB Exchange Rate and Short-term Capital Flow

    Shugeng Dai, Xiamen University

    Bo Yu, Xiamen University

     

    Foreign Reserves, Bilateral Currency Swap and Liquidity Shock

    Quan Yang, Xiamen University

    Qiuju Yang, Xiamen University

     

    Mortgage Receivable Delay Risk: Evaluation and Securitization

    Chao Ma, Xiamen University

    Hao Zhang, Country Garden Asset Management Company

    Hongbiao Zhao, Shanghai University of Finance and Economics

     

    The Effect of GSE Mortgage Purchases on Lenders’ Screening Incentives

    Jun Lu, Central University of Finance and Economics

    Zhen Shi, Georgia State University

    Wei Yu, California State Polytechnic University

     

    Discussant:

    Qiuju Yang, Xiamen University

    Chao Ma, Xiamen University

    Jun Lu, Central University of Finance and Economics

    Shugeng Dai, Xiamen University

     

    Credit Allocation      N303

    Xiang Li, Tsinghua University

     

    Policy Uncertainty and Household Credit Access: Evidence from Peer-to-Peer Crowdfunding

    Xiang Li, Tsinghua University

    Bibo Liu, Tsinghua University

    Xuan Tian, Tsinghua University

     

    When They Work with Women, Do Men Get All the Credit?

    Shusen Qi, Xiamen University

    Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven and CEPR

    Hua Cheng, Nankai University

     

    Peer Information on the Cost of Debt

    Yangming Bao, Goethe University Frankfurt

     

    Bank Relationship, Covenant Enforcement and Creditor Control

    Yong Kyu Gam, Southwestern University of Finance and Economics

    Chunbo Liu, Southwestern University of Finance and Economics

     

    Discussant:

    Shusen Qi, Xiamen University

    Yangming Bao, Goethe University Frankfurt

    Chunbo Liu, Southwestern University of Finance and Economics

    Xiang Li, Tsinghua University

     

    Stakeholders      N308 

    Yue Pan, Xiamen University

     

    Which corporate social deeds matter? Evidence from the motivated institutional ownership

    Jiun-Lin Chen, Adelaide Business School

    Wenbin Liao, Jiangxi University of Finance and Economics

    Ping-Wen Sun, Jiangxi University of Finance and Economics

     

    Disclosure for Whom? The Value of CSR Report in China

    Antai Li, Huazhong University of Science and Technology

    Xinping Xia, Huazhong University of Science and Technology

    Shen Xu, Huazhong University of Science and Technology

    Xia Chen, Huazhong University of Science and Technology

     

    Large Customers and the Value of Firm Diversification

    Zhenxu Tong, University of Exeter

    Mengyu Wang, University of Exeter

     

    When Short Seller Meets Government Stakeholder: The Case of Corporate

    Jingbo Luo, Jiangxi University of Finance and Economics

    Xiaoran Ni, Xiamen University

     

    Discussant:

    Antai Li, Huazhong University of Science and Technology

    Zhenxu Tong, University of Exeter

    Jingbo Luo, Jiangxi University of Finance and Economics

    Wenbin Liao, Jiangxi University of Finance and Economics

     

    Sunday, June 24, 2018, 13:15 pm – 14:00 pm

    Keynote Speech VI  N302 (Chair: Xiaoran Huang)

    What is the impact of successful cyberattacks on target firms?

    Jun-Koo Kang, Nanyang Technological University

    Sunday, June 24, 2018, 14:00 pm – 15:30 pm

    金融風險    N301

    Yang Ji, Xiamen University

     

    擴張政策背景下政府隱性或有負債對經濟增長的影響 ——基于對國有企業的隱性擔保角度

    Min Guo, University of International Business and Economics

    Yixuan Duan, University of International Business and Economics

     

    促進金融穩定的國家治理體系建設研究

    Guohua He, Wuhan University

    Jing Tong, Wuhan University, Central South University of Forestry and Technology

     

    我國城市經濟增長轉型:投資驅動、債務風險與現金流增長

    Shuang Qiu, Xiamen University

     

    高溢價并購的達摩克斯之劍:商譽與股價崩盤風險

    Mingmao Deng, Shanghai University of International Business and Economics,

    Shanghai University of Finance and Economics

    Rong Lu, Shanghai University of Finance and Economics

    Discussant:

    Jing Tong, Wuhan University

    Shuang Qiu, Xiamen University

    Mingmao Deng, Shanghai University of International Business and Economics

    Yixuan Duan, University of International Business and Economics

     

    Corporate Finance  N302

    Juanjuan Huang, Xiamen University

     

    When is Cash King? International Evidence on the Value of Cash Across the Busines Cycle

    Jiaxing You, Xiamen University

    Ling Lin, University of Massachusetts

    Juanjuan Huang, Xiamen University

    Min Xiao, Xiamen University

     

    Does the disclosure of internal control deficiency matter for accrual quality under a weak institutional environment?

    Kebin Deng, South China University of Technology

    Fang Hu, Griffith University

    Gary Tian, Macquarie University

    Ziying Zhong, Guangdong University of Foreign Stuides

     

    Agency Conflicts, Institutional Quality, and Tax Aggressiveness

    Iftekhar Hasan, Fordham University

    Jing Xing, Shanghai Jiao Tong University

    Hui Zhou, University of Melbourne

     

    MM命題: 重新思考

    Dengta Chen, Xiamen University

     

    Does industrial policy affect the company's cash dividends?- Empirical findings based on China's capital market

    Qingfeng Cai, Xiamen University

    Yihui Chen, Xiamen University

     

    Discussant:

    Kebin Deng, South China University of Technology

    Hui Zhou, University of Melbourne

    Dengta Chen, Xiamen University

    Yihui Chen, Xiamen University

    Juanjuan Huang, Xiamen University

     

    Asset Pricing IV  N303

    Peilin Hsieh, Xiamen University

     

    Information Event Intensity and Stock Return Synchronicity: Evidence from Credit Rating Changes

    Haoyu Gao, Central University of Finance and Economics

    Junbo Wang, City University of Hong Kong

    Junchao Xiao, The Hong Kong Polytechnic University

     

    Dynamic credit default swaps curves in a network topology

    Xiu Xu, Soochow University

    Cathy Yi-Hsuan Chen, Humboldt-Universität zu Berlin

    Wolfgang Karl Härdle, Humboldt-Universität zu Berlin,Singapore Management University

     

    Evaluating the Impacts of Bond Pricing Misspecification on Forecasted Funding Ratio

    Jing Li, Xi'an Jiaotong University

     

    Evaluating Consumption CAPM under Heterogeneous Preferences

    Min Cui, Indiana University

     

    Discussant:

    Xiu Xu, Soochow University

    Jing Li, Xi'an Jiaotong University

    Min Cui, Indiana University

    Haoyu Gao, Central University of Finance and Economics

     

    Sunday, June 24, 2018, 16:00 pm – 17:30 pm

     

    Stock Market     N301

    Yubo Liu, Xiamen University

     

    How Do the Media Influence Government Decisions? Evidence from Initial Public Offering Approval Decisions in China

    Zhi Jin, Southwestern University of Finance and Economics

    Gary Gang Tian, Macquarie University

    Yanling Wu, Macquarie University

     

    Does Corporate Hedging Affect Firm Value? Evidence from the IPO Market

    Zheng Qiao, Xiamen University

    Chongwu Xia, Xiamen University

    Lei Zhang, Nanyang Technological University

     

    Short Selling and Tax Avoidance

    Yao Lu, Tsinghua University

    Zhang Peng, Tsinghua University

    Luyao Liu, Morgan Stanley

     

    Heterogeneity of institutional ownership and stock price delay

    Jiun-Lin Chen, Adelaide Business School

    Shih-Cheng Lee, Yuan-Ze University

    Chien-Ting Lin, Deakin University

    Pingwen Sun, Jiangxi University of Finance and Economics

     

    Discussant:

    Chongwu Xia, Xiamen University

    Zhang Peng, Tsinghua University

    Pingwen Sun, Jiangxi University of Finance and Economics

    Yanling Wu, Macquarie University

     

    Banking       N302

    Stephanie Chan, Xiamen University

     

    Regulatory forbearance, CoCos, and Bank risk-shifting

    Stephanie Chan, Xiamen University

    Sweder van Wijnbergen, Universiteit van Amsterdam, Tinbergen Institute

     

    The Selection of Strategic Investors and Cost Efficiency of City Commercial Banks

    Ye Guo, Xiamen University

    Zhen Huang, Xiamen University

    Ruoqi Yao, Xiamen University

     

    Bank-Firm distance and Private firms Financing

    Shuoxun Zhang, Xiamen University

    Xu Du, Xiamen University

     

    Move a Little Closer? Information Sharing and the Spatial Clustering of Bank Branches

    Shusen Qi, Xiamen University

    Ralph De Haas, EBRD and Tilburg University

    Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven and CEPR

    Stefan Straetmans, Maastricht University, University of Antwerp

     

    Discussant:

    Zhen Huang, Xiamen University

    Xu Du, Xiamen University

    Shusen Qi, Xiamen University

    Stephanie Chan, Xiamen University

     

    國際金融    N303

    Wenbin Xu, Xiamen University

     

    人民幣匯率與境內外股票市場波動溢出效應研究——基于三元BEKK-GARCH模型

    Lihua Wu, Xiamen University

    Lianbin Zeng, Xiamen University

     

    “人無貶基”日子里看“害怕浮動”的非對稱性

    Jianping Ding, Shanghai University of Finance and Economics

    Hao Hu, Shanghai University of Finance and Economics

    Wei Ye, Shanghai University of Finance and Economics

     

    新興市場國家“二元悖論”現象成因探析——基于外匯儲備積累視角

    Kun Zhang, University of International Business and Economics

    Mei Yu, University of International Business and Economics

     

    經常賬戶失衡、匯率安排與儲備需求

    Mengnan Zhu, Xiamen University

    Chunyu Cao, Xiamen University

     

    Discussant:

    Jianping Ding, Shanghai University of Finance and Economics

    Kun Zhang, University of International Business and Economics

    Chunyu Cao, Xiamen University

    Lihua Wu, Xiamen University

     

     

     

    乐平麻将