2017 China Financial Research
Conference
中国金融学术年会
Beijing, China
July 10-11, 2017
To promote
China-related financial research globally, Tsinghua University PBC School of
Finance and Tsinghua University National Institute of Financial Research
co-organize the China Financial Research Conference (CFRC). CFRC provides a
high-quality academic exchange platform, where finance scholars and
practitioners worldwide can share their in-depth research on important finance
issues in China and exchange ideas on new developments in finance research,
with the ultimate goal of reforming China's financial system and encouraging
financial innovation in China.
2017 China
Financial Research Conference (CFRC 2017) will be held from July 10 to July 11,
2017 in Beijing, China. There are total of 519 submissions, and 54 papers make
to the program, with an acceptance rate of 10%.
ORGANIZERS
PBC School of
Finance, Tsinghua University
The National Institute
of Financial Research, Tsinghua University
CONFERENCE
CHAIR
Xiaoling Wu,
PBC School of Finance, Tsinghua University
CONFERENCE
SECRETARY GENERAL
Li Liao, PBC
School of Finance, Tsinghua University
PROGRAM CHAIR
Hao Zhou, PBC School of Finance, Tsinghua University
PROGRAM CO-CHAIRS
Xiaoyan Zhang, PBC School of Finance, Tsinghua University (Program Executive Chair)
Jennifer Huang, Cheung Kong Graduate School of Business
Jiandong Ju, PBC School of Finance, Tsinghua University
Jian Wang, The Chinese University of Hong Kong, Shenzhen
Hong Yan, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University
CONFERENCE PROGRAM (Preliminary)
Sunday, July 9, 2017, 6:00 pm- 7:30 pm
Conference Reception- Shenyang Ballroom, 7/F, Liaoning
International Hotel
Monday, July 10, 2017, 8:30 am - 10:15 am
Chinese Debt Market - Room 1-100, 1/F Building 1, PBC School
of Finance
Hong Yan,
Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University
Tackling Corporate Debt and Achieving Productivity Gains—The Central Role of State-owned Enterprises
W. Raphael
Lam, International Monetary Fund
Yuyan Tan,
International Monetary Fund
Zhibo Tan, Fudan
University
Alfred
Schipke, International Monetary Fund
Implicit Government Guarantee and the Pricing of Chinese LGFV
Debt
Laura Xiaolei
Liu, Guanghua Management School, Peking University
Yuanzhen Lyu, Guanghua
Management School, Peking University
Fan Yu,
Claremont McKenna College
Are Chinese Credit Ratings Relevant? A Study of the Chinese Bond
Market and Credit Rating Industry
Miles
Livingston, University of Florida
Winnie P.H. Poon,
Lingnan University
Lei Zhou,
Northern Illinois University
Discussants:
Zheng
(Michael) Song, The Chinese University of Hong Kong
Hong Ru,
Nanyang Technological University
Haoyu Gao,
Central University of Finance and Economics
Investor Behavior - Room 1-200,
2/F Building 1, PBC School of Finance
Liyan Yang, University
of Toronto
Informed Trading Volume and Asset Prices: The Role for
Aggressive Investors
Christian T.
Lundblad, University of North Carolina at Chapel Hill
Zhishu Yang, School
of Economics and Management, Tsinghua University
Qi (Jacky)
Zhang, Durham University
Bubble-Creating Stock Market Attacks: Widespread Evidence from
the Chinese Stock Market
Xiaomeng Lu, Shanghai
Advanced Institute of Finance, Shanghai Jiao Tong University
Ziyang Geng,
Shanghai Pudong Development Bank
Investments under Fast-Thinking: Evidence from Peer-to-Peer Lending
Li Liao, PBC
School of Finance, Tsinghua University
Zhengwei Wang,
PBC School of Finance, Tsinghua University
Jia Xiang, PBC
School of Finance, Tsinghua University
Jun Yang,
Indiana University
Discussants:
Hongjun Yan,
DePaul University
Bing Han,
University of Toronto
Lin Peng, The
City University of New York
公司治理 - Room 1-306, 3/F Building 1,PBC School
of Finance
林晨，香港大学
CEO的文革经历与公司盈余管理——来自老三届群体的证据
赵天悦，暨南大学
叶德珠，暨南大学
官员到访能助力企业债务融资？
洪 群，闽南师范大学
戴亦一，厦门大学
我国上市公司“小股民起义”现象的影响因素与经济后果
郑志刚，中国人民大学
石丽娜，中国人民大学
黄继承，中国人民大学
郭 杰，杜伦大学
评论人：
黄瑜琴，中央财经大学
李 波，德州扑克大小-德州扑克攻略
孔东民，中南财经政法大学
Monday, July 10, 2017, 10:35 am - 12:20 pm
China Focus - Room 1-100, 1/F Building 1, PBC School
of Finance
Zheng
(Michael) Song, The Chinese University of Hong Kong
Household Finance in China
Russell Cooper, The Pennsylvania State
University and NBER
Guozhong Zhu, University of Alberta
Demand Shock, Speculative Beta, and Asset Prices: Evidence from
the Shanghai-Hong Kong Stock Connect Program
Clark Liu, PBC School of Finance,
Tsinghua University
Shujing Wang, Shanghai Finance
University
K.C. John Wei, The Hong Kong
Polytechnic University
Intranational and International Consumption Risk Sharing and
Frictions in China
Meixin Guo, School of Economics and
Management, Tsinghua University
Lin Lu, School of Economics and
Management, Tsinghua University
Discussants:
Fudong Zhang, PBC School of Finance, Tsinghua University
Yi Huang, Graduate
Institute of International and Development Studies
Kang Shi, The
Chinese University of Hong Kong
International Trade - Room 1-200, 2/F Building 1, PBC School
of Finance
Jiandong Ju, PBC
School of Finance, Tsinghua University
Trade Reforms and Current Account Imbalances
Jiandong Ju, PBC School of Finance,
Tsinghua University
Kang Shi, The Chinese University of
Hong Kong
Shang-Jin Wei, Columbia University
Chinese Imports and U.S. Innovation: Evidence from the US-China
Permanent Normal Trade Relation
Tao Chen, Nanyang Technological University
Huasheng Gao, Nanyang Technological
University
Yuxi Wang, Nanyang Technological
University
Trade Credit, Financing Structure and Growth
Junjie Xia, University of Southern
California
Discussants:
Changhua Yu, National School of Development, Peking University
Faqin Lin, Central
University of Finance and Economics
Wenlan Luo, School of Economics and Management, Tsinghua
University
公司金融 - Room 1-306,
3/F Building 1, PBC School of Finance
高芃劼，圣母大学
高新企业“变形记”——基于减税激励的研发操纵行为研究
杨国超，中南财经政法大学
刘 静，复旦大学
廉 鹏，华东政法大学
芮 萌，中欧国际工商德州扑克大小
企业集团、违规处罚与股价崩盘风险
夏 雪，中山大学
滕 飞，中山大学
辛 宇，中山大学
分析师研究报告负面信息披露与股价崩盘风险
伊志宏，中国人民大学
陈钦源，中国人民大学
朱 琳，中国人民大学
评论人：
杜茜茜，西南财经大学
张少君，俄亥俄州立大学
刘碧波，德州扑克大小-德州扑克攻略
Monday, July 10, 2017, 12:20 pm – 1:00 pm
Conference Lunch - Cafeteria, B1/F Building 3, PBC School
of Finance
Monday, July 10, 2017, 1:00 pm – 2:00 pm
Keynote Speech - Room 3-300, 3/F Building 3, PBC School
of Finance
Justin Yifu Director, Center for New Structural Economics,
Peking University; Professor and Honorary Dean, National School of Development,
Peking University
Monday, July 10, 2017, 2:00 pm – 2:15 pm
New Structural Financial Economics Best
Paper Awards
Monday, July 10, 2017, 2:35 pm - 4:20 pm
Corruption and Politics - Room 1-100, 1/F Building 1, PBC School
of Finance
Laura Xiaolei
Liu, Guanghua School of Management, Peking University
China’s Anti-corruption Campaign and Credit Reallocation from
SOEs to PEs
Bo Li, PBC School of Finance, Tsinghua
University
Zhengwei Wang, PBC School of Finance,
Tsinghua University
Hao Zhou, PBC School of Finance,
Tsinghua University
How
Do Strong Anti-Corruption Actions Affect Firms? - Evidence from the stock market
Haoyuan Ding, Shanghai University of
Finance and Economics
Hanming Fang, University of
Pennsylvania
Shu Lin, Fudan University
Kang Shi, The Chinese University of
Hong Kong
Politically Motivated Corporate Decisions: Evidence from China
David Feldman, The University of New
South Wales
Jiaming Li, The University of New
South Wales
Konark Saxena, The University of New
South Wales
Discussants:
Ping Jiang, University of
International Business and Economics
Cong Wang, China Europe International
Business School
Shujing Wang, Shanghai Finance
University
Pollution- Room 1-200, 2/F Building 1, PBC School
of Finance
Hong Zhang,
PBC School of Finance, Tsinghua University
Behavioral Bias in Haze: Evidence from Air Pollution and the
Disposition Effect in China
Jennifer (Jie)
Li, INSEAD
Massimo Massa,
INSEAD
Hong Zhang, PBC
School of Finance, Tsinghua University
Jian Zhang,
Hong Kong Baptist University
Pollution and Performance: Do Investors Make Worse Trades on
Hazy Days?
Jiekun Huang, University
of Illinois at Urbana-Champaign
Nianhang Xu, Renmin
University of China
Honghai Yu, Nanjing
University
Is Air-Quality a Risk Factor that Affects Stock Returns?
Bo Liu, Zhejiang
University
Yexiao Xu, The
University of Texas at Dallas
Discussants:
Tao Chen,
Nanyang Technological University
Xiaomeng Lu,
Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University
Nianhang Xu,
Renmin University of China
银行与新结构经济学 - Room 1-306,
3/F Building 1, PBC School of Finance
王勇，北京大学新结构经济学研究中心
企业规模、银行规模与最优银行业结构——基于新结构经济学的视角
林毅夫，北京大学国家发展研究院
张一林，西南财经大学
龚 强，中南财经政法大学
金融结构——技术水平匹配度与经济发展
曾繁清，暨南大学
叶德珠，暨南大学
我国传统银行开展中小微金融活动：社会责任还是商业驱动？
李 焰，中国人民大学
施佳宏，中国人民大学
评论人：
