金融学院系列讲座（7） - 活动预告

活动预告

金融学院系列讲座（7）

活动时间：星期五, 2010-08-20 10:30 - 12:00

活动地点：淮海西路211号，达通广场，504室

活动演讲人： Jianfeng Yu，美国明尼苏达大学

活动背景：

Two motivations of internal financing in business groups are studied using Chinese data: cross-financing to relieve severe financing constraints, and expropriation from minority shareholders in environments with weak corporate governance. The authors document the existence of both, and discuss their implications on both the efficiency and magnitude of intra-group financing. The authors find that, from the business group perspective, the internal capital market is most efficient when the groups are well governed and have a pressing need to mitigate external financing constraints.

报告人信息:

主页： http://ihome.cuhk.edu.hk/~b109671/index.html

研究领域：公司治理；公司金融；组织经济学

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