2026-Peking University HSBC Business School(PHBS)

Breaking the Data Chain: The Ripple Effect of Data Sharing Restrictions on Financial Markets

Alternative data has reshaped financial markets, yet it arises outside traditional disclosure channels, beyond market participants’ control. We exploit Apple's App Tracking Transparency as a privacy-driven shock to alternative data generation, revealing a previously overlooked vulnerability in financial markets. The policy weakens the predictive power of mobile traffic for firm performance and mutual ...

Huan Tang, University of Pennsylvania

Wednesday, March 11, 2026 | 2:00pm-3:30pm | Room 335

More Details

Government Venture Capital: Crowding-in or crowding-out?

We study how government venture capital (GVC) investment affects the financial and investment decisions of funded firms using firm-level data from a large commercial bank in China. We find that GVC funding is associated with higher bank borrowing and real investment for funded firms (crowding in rather than crowding out). We do not find the same results for private venture capital (PVC) investment....

Vincenzo Quadrini, University of Southern California

Wednesday, March 11, 2026 | 2:00pm-3:30pm | Room 337

More Details

We investigate the self-serving attributions of negative firm performance (negative earnings surprise) to country risk by the CEOs of cross-listed companies. The SEC’s risk disclosure requirement, introduced to serve the host country investors’ information demand, inadvertently provided an institutional arbitrage opportunity for cross-listed company CEOs to present the country risk as an excuse for ...

Sun Hyun Park, Seoul National University

Wednesday, Feb 25, 2026 | 2:00pm-3:30pm | Room 335

More Details

Firms, Training, and Development

We study how firms shape on-the-job training along the development path. Using data from over 100 countries, we document that smaller firms consistently offer fewer training opportunities to their workers. Administrative data from China and Mexico show that differences in productivity and labor shares are key determinants of this pattern. We then develop a general equilibrium model in which firm heterogeneity ...

Daniela Vidart, University of Connecticut

Wednesday, Jan 14, 2026 | 2:00pm-3:30pm | Room 337

More Details

Computational and Multimodal Communication in AI-Infused Information Ecosystems

This talk explores the opportunities and challenges brought by AI-infused information ecosystems. As online spaces become increasingly saturated with text, images, audio, and synthetic media, understanding how multimodal signals reshape communication is more urgent than ever. In this talk, I discuss recent advances in computational and multimodal analysis in the age of generative AI, and report findings ...

Cuihua (Cindy) Shen, University of California, Davis

Wednesday, Jan 7, 2026 | 2:00pm-3:30pm | Room 333

More Details

LINKS

CONTACT US

3D CAMPUS