Schumpeterian Analysis of Economic Catch-up and Catch-up Cycles
This research explores why examples of successful catching-up are limited and in particular, why the Asian economies have managed to move, or are moving, beyond middle-income status but economic growth has stalled in some Latin American countries

Keun Lee, Seoul National University

Thursday, December 4, 2014 | 2:00pm-3:30pm |Room 335, HSBC Business School

Keywords: Schumpeterian Analysis, Economic Catch-up and Catch-up Cycles

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Trade Imbalances, Trade Policy and Welfare
Trade imbalances raise the question of whether this type of trade integration harmed or benefited China and its main trade partners The paper proposes a simple and yet general approach to discuss the welfare effects of trade opening and trade policy

Paolo Epifani, University of Nottingham

Wednesday, December 3, 2014 | 2:30pm-4:00pm |Room 337, HSBC Business School

Keywords: Trade Imbalances, Trade Policy and Welfare

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Efficient Risk Sharing, Commitment and Hyperbolic Discounting
This paper analyzes efficient allocations between the principal and the hyperbolic agents in an environment without commitment

Pu Chen, Renmin University

Wednesday, December 3, 2014 | 12:30pm-2:00pm |Room 335, HSBC Business School

Keywords: Efficient Risk Sharing, Commitment and Hyperbolic Discounting

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Director Deaths, CEO Relational Identification, and the Search for a Quiet Life: Evidence from Organizational Innovation Output
Anecdotal and empirical evidence from a broad range of sources suggests that individuals often respond to the death of a peer by re-evaluating their approach to, and priorities in, their life and their career

Guoli Chen, INSEAD

Friday, November 28, 2014 | 2:00pm – 3:30pm |Room 335, HSBC Business School Building

Keywords: Director deaths, CEO relational identification, Organizational innovation output

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Embarrassing Exposure in Online Social Networks: Privacy Invasion and Relationship Bonding
People will feel uneasy if private embarrassing information about them is exposed in online social networks

Zhenhui Jiang, National University of Singapore

Wednesday, November 19, 2014 | 2:00pm – 3:30pm |Room 335, HSBC Business School Building

Keywords: Online Social Networks, Privacy invasion, Relationship Bonding

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Bayesian Persuasion with Multiple Receivers
This paper investigates the role of persuasion mechanisms in collective decision-making with heterogeneous preferences A persuasion mechanism consists of a family of conditional distributions over the underlying state space and the noisy signal realizati

Yun Wang, Xiamen University

Monday, November 17, 2014 | 12:30pm – 2:00pm |Room 335, HSBC Business School Building

Keywords: Strategic information transmission, Sender-receiver game, Bayesian persua- sion, Voting

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Debt Covenant Violations and Trade Credit
This study examines how bank s intervention in a borrowing firm affects the firm s trade creditors I find a significant decline in borrowing firms trade credit when banks obtain additional control rights through the firms covenant violations

Zilong Zhang, Hong Kong University of Science and Technology

Wednesday, November 12, 2014 | 2:00pm – 3:00pm |Room 337, HSBC Business School Building

Keywords: Debt covenants, Loan contract strictness, Trade credit, Creditor control rights, Acceleration of debt repayments, Financial distress, Stakeholders

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Consolidating or Diversifying? Privatization and Business Portfolio Restructuring Strategy in China
​Privatization, in which the ownership of former state-owned enterprises is sold to private parties, has profoundly shaped the economic landscape of transition economies

Xu Han, University of Pennsylvania

Wednesday, November 12, 2014 | 2:00pm – 3:00pm |Room 335, HSBC Business School Building

Keywords: Privatization, Business Portfolio Restructuring Strategy

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Do Superstitious Traders Lose Money?
Superstition, which is defined as a belief that is not based on reason, has been a part of the human condition since humans began But does superstition adversely affect human welfare?

Utpal Bhattacharya, Indiana University Kelley School of Business

Wednesday, November 5, 2014 | 2:00pm – 3:30pm | Room 335, HSBC Business School Building

Keywords: Superstitious Traders

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China, the Reluctant Monetary Power
There is an acute need for ambitious multilateral responses to the systemic crisis of international currency and finance

Gerhard Stahl, PHBS

Wednesday, October 22, 2014 | 12:30pm - 2:00pm |Room 335, HSBC Business School Buil

Keywords: China, the Reluctant Monetary Power

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