时间：2019年3月14日（星期四）早上9:30
地点：广东外语外贸大学南校区院系楼401金融学院会议室
主办：广东外语外贸大学金融学院
主题一：Rookie directors and firm performance: Evidence from China
主讲人简介：陈宗豪，新西兰惠灵顿维多利亚大学金融学博士
内容简介：
This paper examines the influence of rookie independent directors on board functions and firm performance in Chinese public companies from 2008 to 2014. We find that rookie independent directors attend more board meetings than seasoned independent directors. Independent directors with higher board meeting attendance are more likely to remain in the firm in the following year (lower turnover rate). This influence of board attendance on reappointment is stronger for rookie independent directors. Further, we find that boards with more rookie independent directors tunnel less to controlling shareholders, suggesting that rookie independent directors are efficient monitors. Lastly, we find that firms with more rookie independent directors are associated with higher accounting returns.
主题二：外汇风险传染网络测度与影响机制分析——基于静态和动态的双重视角主讲人简介：余博，厦门大学金融学博士
内容简介：
美元指数阶段性上涨的外部环境，叠加国内经济下行压力增大的内部环境，致使外汇风险传染的危害性提升，汇率问题变得敏感。基于 1999-2015 年全球 50 种主要货币的样本数据，引入复杂网络模型以及静态与动态两类相关系数算法，全面解构了汇率网络的总体关联性及各货币风险吸收效应和外溢效应，以新的视角探究外汇风险传染问题；进一步地， 采用混合效应面板回归方法研究资本账户开放、汇率制度改革等政策因素对外汇风险传染的作用，依此深挖外汇风险传染的影响机制。研究发现：（1）在考察期内，各货币波动溢出比收益率溢出更平稳，收益率溢出关系稳定性相对较弱、变动幅度更大，这与金融危机和欧债危机爆发有关。（2）全球主要货币总体关联性具有明显的时变特征和区制特征，且波动溢出与收益率溢出存在区制同步性。（3）资本账户开放和汇率制度是外汇风险传染的重要影响机制，汇率市场化改革有助于缓释外汇风险传染，而资本账户开放将扩大外汇风险传染效应。
