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Guanghua   International Symposium on Finance

December 21-22,   2018

Guanghua School   of Management, Peking University


December 21, Friday         Location: Room 113, Guanghua   Building 1, Peking University

 


08:30-09:00

Registration






PhD Session I   Asset Pricing

Chair: Hongxun Ruan, Peking University

09:00-09:35

Innovation  Awards, Product Segmentation, and Stock Returns


Speaker:   Yiming Yang, University of Hong Kong


Discussant:   Hongxun Ruan, Peking University

09:35-10:10

Consumption  Risk and the Cross-Section of Option Returns


Speaker:  Shuwen Yang, University of Manchester


Discussant: Kai   Li, Hong Kong University of Science and Technology

 

10:10-10:30

Coffee Break






PhD Session II   Behavioral Finance

Chair: Hongxun Ruan, Peking University

10:30-11:05

Misperception   of political connection and speculation: Evidence from Korean presidential   elections


Speaker:   Hee-Eun Kim, Peking University


Discussant:   Conghui Hu, University of International Business and Economics

11:05-11:40

Psychological  Barrier and Cross-Firm Return Predictability


Speaker: Hong  Xiang, University of Hong Kong


Discussant:   Shasha Liu, Jinan University




11:40-13:30

Lunch





PhD Session III   Chinese Economy

Chair: Qi Liu, Peking University

14:00-14:35

A Tale of Two  Finances: The Effects of Finance on City-Level Resource Misallocation during   China's Reform Era


Speaker:   Jiapin Deng, Peking University


Discussant: Zhangkai   Huang, Tsinghua University

14:35-15:10

Market   Reaction to Local and Oversea News: Evidence from A Shares and H Shares in

China


Speaker: Yi   Li, Tianjin University


Discussant:  Chunliu Yang, Fudan University




15:10-15:30

Coffee Break






PhD Session IV   Market Efficiency and Corporate Finance

Chair: Qi Liu, Peking University

15:30-16:05

ESG Preference  and Market Efficiency: Evidence from Mispricing and Institutional 

Trading


Speaker:   Weiming Zhang, The Chinese University of Hong Kong


Discussant: Jiajun  Jiang, Fudan University


16:05-16:40

Market Structure and Corporate Payout Policy Evidence from a Natural Experiment


Speaker:   Xiongshi Li, Guangxi University


Discussant: Ji  Shen, Peking University





17:00

Buffet Dinner





December 22,   Saturday     Location: Room 112, Guanghua Building 1,   Peking University 



08:30-09:00

Registration






Main Session I   Rare Events

Chair: Laura Xiaolei Liu, Peking University

09:00-09:35

Fat-Finger  Event and Risk-Taking Behavior


Speaker:   Juanjuan Meng, Peking University


Discussant:  Justin Birru, Ohio State University

09:35-10:10

Asymmetric  Beta Comovement and Return Predictability


Speaker: Qunzi   Zhang, Shandong University


Discussant:   Yan Xu, University of Hong Kong



10:10-10:30

Group photo/Coffee   Break






Main Session II   Applications of Fintech

Chair: Laura Xiaolei Liu, Peking University

10:30-11:05

Textual   Factors


Speaker: Will   Cong, The University of Chicago


Discussant:   Shiyang Huang, University of Hong Kong

11:05-11:40

Flight to   Bitcoin


Speaker: Yang  Yu, Singapore Management University


Discussant:   Jing Wu, City University of Hong Kong




11:40-13:00

Lunch




13:30-14:30

Keynote Speech


Speaker: Zhong   Xu, Director of the People's Bank of China's Research Bureau




14:30-14:40

Best Paper Award Ceremony






Main Session III   Chinese Financial Markets

Chair: Kewei Hou, Ohio State University

14:40-15:15

Pledgeability   and Asset Prices: Evidence from the Chinese Corporate Bond Markets


Speaker: Jinyu  Liu, University of International Business and Economics


Discussant:  Xiaoneng Zhu, Shanghai University of Finance and Economics

15:15-15:50

The   Diversification Benefits and Policy Risks of Accessing China’s Stock Market


Speaker: Chenyu Shan, Shanghai University of Finance and Economics


Discussant:   Zhuo Chen, Tsinghua University




15:50-16:10

Coffee Break






Main Session IV   Policy Effects

Chair: Kewei Hou, Ohio State University

16:10-16:55

The  Risk-taking Channel of Monetary Policy: New Evidence From Peer-to-Peer 

Lending


Speaker: Xiang  Li, Halle Institute for Economic Research


Discussant:   Jia Chen, Peking University

16:55-17:20

Do Intangible  Assets Affect M&A Deal Value? Evidence from China’s 

Mixed-ownership Reform


Speaker:   Xiaoqian Zhang, Zhejiang University


Discussant:  Olivia Gu, University of Hong Kong



17:30

Dinner

Each presenter has 20 minutes to present his/her work, followed by 10 minutes for discussion.



Guanghua   International Symposium on Finance

December 21-22,   2018

Guanghua School   of Management, Peking University


December 21, Friday         Location: Room 113, Guanghua   Building 1, Peking University

 


08:30-09:00

Registration






PhD Session I   Asset Pricing

Chair: Hongxun Ruan, Peking University

09:00-09:35

Innovation  Awards, Product Segmentation, and Stock Returns


Speaker:  Yiming Yang, University of Hong Kong


Discussant:  Hongxun Ruan, Peking University

09:35-10:10

Consumption   Risk and the Cross-Section of Option Returns


Speaker:  Shuwen Yang, University of Manchester


Discussant: Kai  Li, Hong Kong University of Science and Technology

 

10:10-10:30

Coffee Break






PhD Session II   Behavioral Finance

Chair: Hongxun Ruan, Peking University

10:30-11:05

Misperception   of political connection and speculation: Evidence from Korean presidential   elections


Speaker:   Hee-Eun Kim, Peking University


Discussant:   Conghui Hu, University of International Business and Economics

11:05-11:40

Psychological  Barrier and Cross-Firm Return Predictability


Speaker: Hong Xiang, University of Hong Kong


Discussant:   Shasha Liu, Jinan University




11:40-13:30

Lunch





PhD Session III   Chinese Economy

Chair: Qi Liu, Peking University

14:00-14:35

A Tale of Two   Finances: The Effects of Finance on City-Level Resource Misallocation during   China's Reform Era


Speaker:   Jiapin Deng, Peking University


Discussant: Zhangkai  Huang, Tsinghua University

14:35-15:10

Market   Reaction to Local and Oversea News: Evidence from A Shares and H Shares in

China


Speaker: Yi  Li, Tianjin University


Discussant:  Chunliu Yang, Fudan University




15:10-15:30

Coffee Break






PhD Session IV   Market Efficiency and Corporate Finance

Chair: Qi Liu, Peking University

15:30-16:05

ESG Preference   and Market Efficiency: Evidence from Mispricing and Institutional 

Trading


Speaker:   Weiming Zhang, The Chinese University of Hong Kong


Discussant: Jiajun  Jiang, Fudan University


16:05-16:40

Market Structure and Corporate Payout Policy Evidence from a Natural Experiment


Speaker:   Xiongshi Li, Guangxi University


Discussant: Ji  Shen, Peking University





17:00

Buffet Dinner





December 22,   Saturday     Location: Room 112, Guanghua Building 1,   Peking University 



08:30-09:00

Registration






Main Session I   Rare Events

Chair: Laura Xiaolei Liu, Peking University

09:00-09:35

Fat-Finger  Event and Risk-Taking Behavior


Speaker:  Juanjuan Meng, Peking University


Discussant:  Justin Birru, Ohio State University

09:35-10:10

Asymmetric  Beta Comovement and Return Predictability


Speaker: Qunzi  Zhang, Shandong University


Discussant:   Yan Xu, University of Hong Kong



10:10-10:30

Group photo/Coffee   Break






Main Session II   Applications of Fintech

Chair: Laura Xiaolei Liu, Peking University

10:30-11:05

Textual   Factors


Speaker: Will  Cong, The University of Chicago


Discussant:  Shiyang Huang, University of Hong Kong

11:05-11:40

Flight to   Bitcoin


Speaker: Yang  Yu, Singapore Management University


Discussant:   Jing Wu, City University of Hong Kong




11:40-13:00

Lunch




13:30-14:30

Keynote Speech


Speaker: Zhong  Xu, Director of the People's Bank of China's Research Bureau




14:30-14:40

Best Paper Award Ceremony






Main Session III   Chinese Financial Markets

Chair: Kewei Hou, Ohio State University

14:40-15:15

Pledgeability   and Asset Prices: Evidence from the Chinese Corporate Bond Markets


Speaker: Jinyu  Liu, University of International Business and Economics


Discussant:   Xiaoneng Zhu, Shanghai University of Finance and Economics

15:15-15:50

The  Diversification Benefits and Policy Risks of Accessing China’s Stock Market


Speaker: Chenyu Shan, Shanghai University of Finance and Economics


Discussant:  Zhuo Chen, Tsinghua University




15:50-16:10

Coffee Break






Main Session IV   Policy Effects

Chair: Kewei Hou, Ohio State University

16:10-16:55

The   Risk-taking Channel of Monetary Policy: New Evidence From Peer-to-Peer  

Lending


Speaker: Xiang  Li, Halle Institute for Economic Research


Discussant:  Jia Chen, Peking University

16:55-17:20

Do Intangible  Assets Affect M&A Deal Value? Evidence from China’s 

Mixed-ownership Reform


Speaker:  Xiaoqian Zhang, Zhejiang University


Discussant:  Olivia Gu, University of Hong Kong



17:30

Dinner

Each presenter has 20 minutes to present his/her work, followed by 10 minutes for discussion.



Registration

BY INVITATION ONLY

Important Dates

Dec. 12, 2019- Dec.13, 2019

Conference Date

会议注册

仅限内部邀请

重要日期

2019年12月12日 - 2019年12月13日

会议日期