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湾商商论系列Seminar第十期

题目:The Effect of the China Connect

主讲人:Sili Zhou(周思力)

时间:2023年6月6日(周二)12:00-13:30

地点:北京师范大学珠海校区励耘楼B312

摘要:

We identify a new transmission channel of stock market liberalization by investigating the“China Connect”, an equity market liberalization in a capital-abundant country. The liberalization improves stock price efficiency and thus changes corporate decisions through a learning channel. The traditional funding cost channel also works but benefits more financially constrained firms. Overall, liberalization improves allocative efficiency by making firms invest better through the learning channel and by reducing existing domestic capital misallocations through the funding cost channel. We also document that connected firms became more sensitive to external shocks than unconnected firms post-liberalization.


个人简介:

周思力目前在澳门大学工商管理学院担任金融学副教授。在加入澳门大学之前,周思力在复旦大学泛海国际金融学院和经济学院担任金融学助理教授,硕士生导师。周思力教授的主要研究领域包括国际金融、公司金融和中国金融市场等方面。他的论文发表在Journal of the European Economic Association,  Journal of Corporate Finance, Emerging Markets Review 等国际顶级学术杂志,并被《华尔街日报》、《联合国工业发展组织》、《中国经济周刊》、《新冠经济学 (Covid Economics) 》、《VoxChina》、《美联储经济金融研究部Fed》、《芬兰央行博飞部门BOFIT》等国内外主流媒体和智库广泛报道。周思力教授于2017年获得新加坡管理大学金融学博士学位,2013年获得上海财经大学经济学硕士学位,并于2011年分别获得华中科技大学计算机科学学士学位和中南财经政法大学经济学学士学位。