活动安排
时间：2023年10月27日（周五）10:30-12: 00
讲座地点：松江校区2教楼220教室
主 讲 人：周亦凡 复旦大学泛海国际金融学院 助理教授
主 持 人：陈蓓 助理教授
讲座摘要
This paper examines the effects of a firm having blockholders during the 2008-09 financial crisis (GFC) on its post-crisis recovery. We find that firms with higher mid-crisis blockholder ownership recover better in ROA, sales growth, Tobin’s Q, and asset turnover in the decade following the GFC. We further discover that during the GFC, blockholder ownership was associated with i) more votes against manager-sponsored proposals, ii) a higher probability of appointing a new CEO and/or director, and iii) issuance of less net debt and net equity. Among these activities, we find that only the governance-related ones might have contributed to a firm’s crisis recovery. Overall, this paper sheds light on the time-contingent impacts of blockholders on firm outcomes.
嘉宾简介
周亦凡，复旦大学泛海国际金融学院金融学助理教授，主要研究领域为政治经济和公司金融。论文发表于Journal of Financial Economics、Journal of Financial and Quantitative Analysis、Journal of Corporate Finance、Journal of Banking and Finance等国际顶级期刊，并被《新苏黎世日报》、联合国负责任投资原则等国际主流媒体报道。周亦凡曾获得2021年泛海国际金融学院优秀研究奖。于2021年获得墨尔本大学金融学博士学位，2015年以年级第一GPA获得奥克兰大学会计学与金融学双学士学位。
承办单位
金融科技与公司财务系
人工智能与计算金融研究所
科研与师资发展办公室
