国产V亚洲V天堂a无码久久,亚洲爆乳无码一区二区三区,久久精品日本亚洲,欧美日韩免费精品一区二区在线观看,亚洲日韩精品毛片不卡无码免费直接播放,亚洲精品在线不卡AV,欧美日韩国产影院

金融學院科研工作坊系列活動

時 間：2024年10月23日（周三）13:00

地 點：上川路校區(qū)文博樓協(xié)創(chuàng)中心會議室(436)

主持人：張方 上海立信會計金融學院 金融學院副教授

主題報告：Biodiversity Risk in Emerging Economies: Evidence from China

報告人：高翔

報告人簡介：

高翔，博士生導師，教授，經濟學博士，特許金融分析師（Chartered Financial Analyst, CFA）、金融風險管理師（Financial Risk Manager, FRM）、特許另類投資分析師（Chartered Alternative Investment Analyst, CAIA）、國際財務顧問資格認證（Financial Advisors International Qualification, FAIQ）；現(xiàn)任上海商學院財務金融研究所所長，曾任上海財經大學國際工商管理學院副教授，博士生導師，美國特許另類投資分析師協(xié)會（Chartered Alternative Investment Analyst Association）中國分會執(zhí)行官；先后獲得上海交通大學國際經濟與貿易學士學位、香港科技大學經濟學碩士學位、美國愛荷華州立大學（Iowa State University）經濟學博士學位；曾就職于美國Aviva Investors North America資產管理公司從事風險管理工作；創(chuàng)立了國內首家提供操作風險事件外部數(shù)據(jù)庫的商業(yè)情報機構：科德中國金融機構操作風險數(shù)據(jù)庫（www.cord-oprisk.com）。曾在Economic Journal、Journal of Economic Dynamic and Control, Journal of Comparative Economics、Journal of Economic Surveys、Journal of Portfolio Management、Pacific-Basin Finance Journal、Journal of Operational Risk、世界經濟研究、旅游學刊、中國管理科學、財經科學等國內外期刊發(fā)表論文五十多篇，主持并完成國家自然科學基金青年項目、上海市浦江人才計劃項目等課題，并譯有《經濟學的新疆域》和著有《馴化黑天鵝》兩本書籍，是知乎的簽約作者和金融問題優(yōu)秀回答者。

Abstract:This paper measures the biodiversity risk faced by the Chinese market at multiple levels, including macro-government, meso-industry and micro-firm, and examines whether corporate biodiversity risk exposure is priced into the cross-section of stock returns. Our results suggest that corporate biodiversity risk exposure has been increasing for more than 20 years and has a statistically significant negative effect on stock returns. From an internal governance perspective, high biodiversity risk exposure reduces corporate reputation and exacerbates corporate financing constraints, while external monitoring results suggest that media and analyst attention amplify the negative effects of biodiversity risk. In addition, there are differences in the perception of biodiversity risk among market participants, with only funds, insurance and endowments among institutional investors significantly reducing the share of holdings in firms with high risk exposure. Heterogeneity tests suggest that the negative effect of risk exposure on stock returns is amplified for firms from highly polluting industries, low-carbon pilot cities and regions with high environmental regulatory intensity. These results have implications for understanding the links between biodiversity and financial markets in emerging economies.

歡迎廣大師生積極參加！

金融學院

2024年10月14日