一、主题:Did Socially Responsible Firm Stocks Rebound More Quickly after the Market-wide Circuit Breakers?
二、主讲人:邵裴,加拿大约克大学金融学博士,现为加拿大莱斯布里奇大学副教授,注册金融分析师。研究领域为银团贷款市场、金融中介机构、公司社会责任,基金,公司金融,IPO, 公司兼并收购等。在Review of Financial Studies, Contemporary Accounting Review, Journal of Banking and Finance, Journal of Money, Credit and Banking,Review of Finance等国际期刊发表论文10余篇。曾多次获得加拿大人文社科研究委员会的专项研究经费,美国联邦保险公司研究奖励,莱斯布里奇大学专项研究奖励等。
三、时间:2021年5月28日10:00-11:30
四、地点:腾讯会议ID:289 195 913
五、主持人:吴锴,太阳集团tyc539私募投资基金研究中心副主任
六、摘要:
Abstract: We examine whether firms’ social capital and trust plays a role in speeding up the stock recovery process after the activations of market-wide circuit breaker at the beginning of the COVID-19 pandemic in March 2020. We find that stocks for firms with a higher CSR rating rebounded more quickly than those for firms with a lower CSR rating in terms of improved stock liquidity and stock trading environment measures after a trading halt. As such, we provide a new piece of evidence that firms’ social capital and trust could safeguard their stock against in a potential liquidity drain and a rapid deterioration in stock trading environment under an extreme market condition.
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