Keongtae Kim, City University of Hong Kong
Wednesday, December 28, 2016 | 2:00pm-3:30pm | Room 337, HSBC Business School Building
Since information asymmetry between funders and creators is a critical issue in crowdfunding, many strategies have been introduced to dampen it and make markets more efficient and sustainable...
Keywords: Disclosure of project risk
Zhuoqiong (Charlie) Chen, London School of Economics
Tuesday, December 27, 2016 | 2:00pm-3:30pm | Room 329, HSBC Business School Building
Two players compete for a prize and their valuations are private information Before the contest, each player can covertly acquire a costly, noisy and private signal regarding the opponent’s valuation ...
Keywords: Spying, Espionage, All-pay auction, Information acquisition, Rotation order
Sang Yop Kang, Peking University
Wednesday, December 21, 2016 | 12:45pm-2:15pm | Room 763, HSBC Business School Building
In terms of investor protection, family-controlled corporations (and the presence of controlling family shareholders) have been long considered inferior to widely-held corporations...
Keywords: Corporate governance issues
Jaewoo Joo, Kookmin University
Thursday, December 15, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
Although much marketing research investigates whether consumers’ adoption of a new product is influenced by the information about the product, whether and how non-product information (e g , time and temperature) shapes their new product adoption has bee...
Keywords: Abstract, Environment, Information display, New product adoption, Non-product information
Joel Sobel, UC San Diego
Thursday, December 15, 2016 | 2:00pm-3:30pm | Room 337, HSBC Business School Building
Introduction and Recent Development of Cheap Talk...
Keywords: Cheap talk
Seung-Gyu (Andrew) Sim, University of Tokyo
Wednesday, December 14, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
This paper analyzes the coexistence of on-the-job training and on-the-job search in a frictional labor market where firms post skill-dependent wage-training contracts to preemptively back-load compensation...
Keywords: On-the-job training, On-the-job search, Wage-Training contracts
Liang Wang, University of San Francisco
Friday, December 9, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
This paper examines how organizations create evangelists, members of key audiences who build a critical mass of support for new ways of doing things...
Keywords: Evangelism, Emotions, Institutional theory, Rituals
Analysis of Industrial Development Policy using the Neo-Schumpeterian Framework-the case of Chinese High Speed Rail
Henry Chan, Singapore Management University
Thursday, December 8, 2016 | 3:00pm-4:00pm | Room 335, HSBC Business School Building
The presentation will highlight a new industry development model based on the experience of Chinese high speed rail industry...
Keywords: Neo-Schumpeterian framework, High speed train industry
John Wong, National University of Singapore
Thursday, December 8, 2016 | 2:00pm-3:00pm | Room 335, HSBC Business School Building
The presentation will trace the development of economic theory and macroeconomic policy from the Classical Economics of Adam Smith through the Neo-Classical and Keynesian economics to the rise of Monetarism, and then the supply side economics...
Keywords: Supply side policy of structural reform
Fuhai Hong, Nanyang Technological University
Wednesday, December 7, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
A group s ideals, or norms, can determine whether agents join the group and the behavior of those who join These ideals can affect the provision of a public good, such as the reduction in greenhouse gas emissions...
Keywords: Identity, Public good games
Chao He, Shanghai University of Finance and Economics
Monday, December 5, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
We model multi-market simultaneous search (MMSS) and find that MMSS imposes a particular type of negative externality on other searchers because offers are more likely to be rejected...
Keywords: Multi-market simultaneous search, Financial crisis
Legacies of the Past: Sources of the Uneven Landscape of Corporate Political Activity across Chinese Cities
Cuifen Weng, University of New South Wales
Wednesday, November 30, 2016 | 2:00pm - 3:30pm | Room 333, HSBC Business School Building
This study examines the influence of city-level ‘socialist logic’ legacy on the probability and degree of formal corporate political activity (CPA) undertaken by Chinese private firms...
Keywords: Legacy, Corporate political activity
Yong (George) Yang, Chinese University of Hong Kong
Wednesday, November 23, 2016 | 2:00pm-3:30pm | Room 333, HSBC Business School Building
We extend the research on the interaction between financial analysts and firm management by examining whether a predetermined attribute of analysts, namely their physical attractiveness affects their information acquisition and job performance...
Keywords: Financial analysts, Firm management, Physical attractiveness, Performance
Yue Kuen Kwok, Hong Kong University of Science and Technology
Thursday, November 17, 2016 | 4:00pm-5:00pm | Room 401, HSBC Business School Building
Contingent convertibles are characterized by forced equity conversion under accounting trigger, which occurs when the capital ratio of the issuing bank falls below some contractual threshold...
Keywords: Coco bonds, Conversion triggers, Parisian feature, Fortet method
Chunmian Ge, South China University of Technology
Tuesday, November 1, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
The software industry is unique in terms of its “platform economics” where a few software giants control key technology platforms e g , Microsoft Windows, upon which other software firms build complementary products...
Keywords: Productivity spillover, IT labor mobility,Software platform providers
Sheng Huang, Singapore Management University
Monday, October 31, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
We examine how stock liquidity affects acquisitions Relying on a simple model, we hypothesize that liquidity enhances acquirer stock as acquisition currency, especially when target is less liquid...
Keywords: Stock liquidity, Mergers and acquisitions, Russell index reconstitution
Kyojik Song, Sungkyunkwan University
Tuesday, October 18, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
This paper examines the effect of institutional investors’ investment horizons on firms’ innovation activities...
Keywords: Innovation, Patent, Institutional investor, Investment horizon
Adam Brandenburger, New York University
Thursday, September 29, 2016 | 3:30pm-5:00pm | Room 335, HSBC Business School Building
People make mistakes A rationally imprecise decision maker optimally balances the cost of reducing mistakes against the value of choosing correctly...
Keywords: Rational imprecision, Information-Processing, Neural
Avraham Shtub, Technion Israel Institute of Technology
Tuesday, September 27, 2016 | 2:00pm-3:30pm | Room 337, HSBC Business School Building
Conventional wisdom suggests that a well-planned and organized launch can improve the probability of success of new product development...
Keywords: Front end, Product development project
Zhijian Cui, IE Business School in Madrid
Tuesday, September 27, 2016 | 10:30am-12:00pm | Room 329, HSBC Business School Building
Using an exploration–exploitation framework, this study examines how firms’ innovation strategies rely on different knowledge sources (own-generated, bought-in, and codeveloped) that affect innovation performance...
Keywords: Exploration–exploitation framework, Innovation strategy, Knowledge sources
Chan Wai Sum, The Chinese University of Hong Kong
Wednesday, September 14, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
As the annuity market in China develops, the Chinese insurance industry is increasingly exposed to longevity risk...
Keywords: C-ROSS, Index-based longevity hedges, Longevity risk, Multi-population mortality models, Securitization
Seungjoon Oh, PHBS
Wednesday, September 14, 2016 | 12:00pm - 1:00pm | Room 337, HSBC Business School Building
While several studies examine how differences in director characteristics impact firm-level performance outcomes, there is limited evidence that heterogeneous boards affect firm value by offering diverse opinions...
Keywords: Group Dynamics and Director Dissent in Corporate Boards
Petr Teplý, Charles University in Prague
Monday, September 12, 2016 | 7:00pm-8:30 pm | Room 335, HSBC Business School Building
What are recent trends in banking? Are Chinese banks and Fintech companies significant on a global scale?...
Keywords: Banks, Fintech
The Evolution of European Union (EU) and “Brexit” (The United Kingdom leaving the EU): Implications for China, the US and the World
Eydis Olsen, Drexel University
Wednesday, September 7, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
On June 23, 2016, the citizens of The United Kingdom voted to approve Brexit: the exiting of Great Britain and the rest of the UK from the European Union...
Keywords: EU, Brexit
Rethinking Self-Dealing and the Fairness Test: A Law and Economics Framework for Internal Transactions in Corporate Groups
Sang Yop Kang, Peking University
Tuesday, July 5, 2016 | 2:00 – 3:30 PM | Room 337, HSBC Business School
In the controlling shareholder ownership, tunneling (i e , wealth transfer from a corporation to a controlling shareholder) is a prevailing business practice...
Keywords: Self-Dealing and the fairness test, Law and economics framework, Internal transactions