讲座一：
时间：7月7日 （周四）下午15：00点-16：00点
地点：九里校区零号楼0218室
题目：Carbon risk and maturity mismatches: Evidence from China
摘要： This paper explores the relationship between carbon risk and maturity mismatches using the panel data for Chinese listed firms from 2012 to 2019. We provides evidence on the significantly positive effect of carbon risk on maturity mismatches. In the cross-section, the increase is more pronounced for firms in high market competition and firms with low quality of governance. We further show carbon risk results in an increase in financial constraints and an increase in cash flow uncertainty, which may motivate firms to increase maturity mismatches. Further analysis indicates that maturity mismatches caused by carbon risk have a negative impact on firm performance. Our findings remain robust to using an instrumental variable approach and a dynamic model to address potential endogeneity.
主讲人简介：诸波，管理学（会计学）博士、工商管理博士后，讲师、硕士生导师，纽约州立大学石溪分校访问学者，研究方向为公司财务与公司治理、气候金融等。主持国家自然科学基金青年项目1项，主研国家自科、国家社科等4项，主持企业横向课题2项，已发表论文20余篇，出版学术专著1部，研究成果获中国会计学会二等奖、四川省哲学社会科学三等奖等。
讲座二：
时间：7月7日 周四下午16：00点-17：00点
地点：九里校区零号楼0218室
题目：Optimal asset allocation, consumption and retirement time under prospect theory
摘要：We consider an optimal portfolio, consumption and retirement choice problem for a finitely lived economic agent under prospect theory. The optimization problem is formulated as an interconnected optimal stopping and stochastic control problem (Stopping-Control Problem) in a finite time horizon. We solve the problem analytically by considering a variational inequality arising from the dual functions of the optimal stopping problem and obtain the optimal retirement time and consumption policy based on martingale and duality methods. In numerical applications, we attempt to analyze how wealth determines the retirement decisions and optimal strategies, and how investment-consumption changes at retirement boundary.
主讲人简介：户晗蕾，助理教授，437必赢会员中心金融与财务学系，中国特色金融研究创新团队成员，研究方向：金融和保险中的随机最优控制问题。参与国家自然科学基金面上项目，国家社会科学基金青年项目，教育部人文社科青年项目等课题研究。在Applied Stochastic Models in Business and Industry， China Economic Review等国内外学术期刊上发表多篇研究论文。
主办：437必赢会员中心
承办：中国特色金融研究创新团队
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