第五十六期
预告
主讲人：何恭政
广东财经大学
何恭政，男，台湾元智大学博士，金融学硕士生导师，金融工程学硕士生导师。主要研究方向为公司金融、信用风险管理、企业社会责任、信息不对称风险与跨交叉学科研究，在Asia-Pacific Journal of Accounting & Economics, Corporate Governance: An International Review, Emerging Markets Review, Energy Economics, International Review of Economics & Finance, International Review of Financial Analysis, Journal of Accounting, Auditing and Finance, Journal of Business Research, Journal of Corporate Finance, Journal of Forecasting, Pacific-Baisn Finance Journal, Review of Quantitative Finance and Accounting等国际SSCI期刊发表40多篇，其中包含ABS商学院4星级期刊1篇，三星级期刊12篇，SSCI一区期刊17篇。此外，在国内外数十场重要学术会议进行论文宣讲，包含中国金融年会、中国金融工程年会、中国管理学年会、CICF, American Accounting Association, Asian Finance Association, European Finance Association, Europe Financial Management Association, Financial Management Association, Taiwan Management Institute, Western Economic Association International等。此外，为国内外二十多家期刊进行审稿，包含Asia Pacific Journal of Management, Corporate Governance: An International Review, Economic Modelling, Emerging Markets Finance and Trade, Financial Innovation, Investment Analysts Journal, International Journal of Emerging Markets, International Review of Economics and Finance, Managerial and Decision Economics等。
主题：Modern Pandemic Crises and Default Risk
内容：This paper investigates whether the modern health pandemic crisis weakens financial stability. Specifically, it analyzes the annual data of 286,339 companies from 44 countries (or regions) during five modern epidemic crises, namely, SARS (2003), H1N1 (2009), MERS (2012), Ebola (2014), and Zika (2016), and observes that the pandemic crisis significantly increases the default risk of enterprises. Further analysis indicates that a sound prevention and control system of finance acts as a “booster” for intensifying the impact of the pandemic on financial stability. Although the informal institution acts as a “cushion” in the pandemic crisis, the more harmonious the religious and ethnic relationship, the less negative impact of the pandemic on financial stability. This paper contributes to the literature that estimates the impact of the COVID-19 on financial stability and excludes the problem of insufficient data available thus far for COVID-19. Besides, it discusses the state institution and indicates the heterogeneity of the impact of public health crises on the financial stability of countries with different formal and informal institutions, which thus provides new avenues for the improvement of the national financial institution and the joint pandemic control and prevention system around the world.
5月11日（周三）14:00-16:00
https://meeting.tencent.com/dm/xzBRU0uRKakV
#腾讯会议：747-3598-2538
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