Theme:The 15th International Conference on Asian Financial Markets and Economic Development: Financial Issues on Asian Countries and Markets
Host: Beijing Technology and Business University (永利官网)
Co-host: Nagasaki University (日本长崎大学)、Southwestern University of Finance and Economics (西南财经大学)、Shiga University (日本滋贺大学)、University of International Business and Economics (对外经贸大学)
Time:November 29, 2019-December 02, 2019
Place:Beijing Yulong International Hotel (北京裕龙国际酒店)
Conference Registration：November 29, 2019
November 30, 20199:00-11:30Keynote Speech
Place: GreatBanquet on First Floor, Beijing Yulong International Hotel (裕龙国际酒店一层大宴会厅)
Chairman：Xinshu MAO
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8:30-8:40 |
Xinshu MAO, Professor, Dean (Business School, Beijing Technology and Business University) |
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8:40-9:00 |
Zhihua XIE, Professor, Vice President (Beijing Technology and Business University) |
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9:00-9:20 |
Masayuki SUSAI, Professor, Ex Vice President (Nagasaki University,Japan) |
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9:20-9:40 |
Akihiro OGURA, Professor, Vice President (Shiga University, Japan) |
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9:40-10:00 |
Deqiu CHEN, Professor, Dean (International Business School, University of International Business and Economics) |
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10:00-11:00 |
Shantanu BANERJEE, Professor (Lancaster University, UK) |
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11:00-11:30 |
Xiaoming FENG, Managerial Editor (China & World Economy) |
11:30-13:30 Buffet Lunch (DE LA SUO Restaurant on First Floor, Yulong International Hotel, 裕龙国际酒店一层德拉索西餐厅)
November 30, 2019 14:00-17:00 Session I M&A and Macroeconomics
Place:The 12th Conference Room on First Floor, Yulong Grand Hotel (裕龙大酒店一层第十二会议室)
Chairman:Songsheng CHEN, Professor (School of Management and Economics, Beijing Institute of Technology)
Paper 1: Controlling Shareholder and TMT Collusion—Evidence from Acquisitions with Performance Commitment
Authors: Di SONG, Jun SU (Corresponding author), Chao YANG
Speaker:Di SONG, Ph.D. candidate (Renmin University of China)
Discussant: Ting LIU, Associate Professor (Beijing Technology and Business University)
Paper 2: Policy Uncertainty, Political Connection and M&A: Evidence from China
Authors:Qizhi TAO, Wan ZHANG (Corresponding author)
Speaker: Wan ZHANG, Ph.D. candidate (Southwestern University of Finance and Economics)
Discussant: Yan YU, Associate Professor (Beijing Technology and Business University)
Paper 3: Belief-Driven Secular Stagnation
Authors:Xiaoge ZHANG
Speaker:Xiaoge ZHANG (Southwestern University of Finance and Economics)
Discussant: Xirong CHENG, Assistant Professor (Beijing Technology and Business University)
Paper 4:Calculate the Exchange Rate Pass-Through of RMB by Using Disaggregated Data
Authors:Getao GUO
Speaker:Getao GUO, Ph.D. candidate (Shiga University, Japan)
Discussant:Akihiro OGURA, Professor (Shiga University, Japan)
November 30, 2019 14:00-17:00Session II Accounting and Auditing
Place:Da Shanghai Banquet on Second Floor, Yulong Grand Hotel (裕龙大酒店二层大上海宴会厅)
Chairman:Hiromasa OKADA, Professor, Ex Dean of School of Economics (Nagasaki University, Japan)
Paper 1: As a Warning to Others or Follow a Set Pattern?——A Study on the Spillover Effect of Punishment against Interlocking Company
Authors:Zhonghai YANG, Xiangge MENG, Xin DING, Yang LU
Speaker:Xiangge MENG, Ph.D. candidate (Harbin University of Commerce)
Discussant: Yangyang CHEN, Professor (City University of Hong Kong, Hongkong)
Paper 2: The Curse of the Birthplace: the Effect of Auditor’s Hometown on Audit Quality
Authors:Bin WU,Lijing TONG,Min ZHANG
Speaker:Lijing TONG, Assistant Professor (Beijing Jiaotong University)
Discussant: Qingqing LIU, Assistant Professor (Beijing Technology and Business University)
Paper 3: It's a Small World: the Importance of Social Connections with Auditors to Mutual Fund Managers’ Portfolio Decisions
Authors:Yangyang CHEN,Jun HUANG,Ting LI
Speaker:Yangyang CHEN, Professor (City University of Hong Kong, Hongkong)
Discussant: Jun SU, Professor (Beijing Technology and Business University)
Paper 4: Intangible Asset Fragility and Stock Price Crash Risk
Authors:Kai WU, Seiwai LAI
Speaker:Kai WU, Assistant Professor (Central University of Finance and Economics)
Discussant: Wei SUN(University of International Business and Economics)
Paper 5: The Effect of the Big 4 and Non-Big 4 Audit Market Concentration on Audit Quality: Evidence from China Metro Audit Market
Authors:Songsheng CHEN, Zheng LI,Qingqing LIU
Speaker:Qingqing LIU, Assistant Professor (Beijing Technology and Business University)
Discussant: Jun ZHANG, Professor, Executive Director of MPAcc (Beijing Wuzi University)
November 30, 2019 14:00-17:00 Session III Finance
Place:The 7th Conference Room on Third Floor, Beijing Yulong International Hotel B Building (裕龙国际酒店B座三层第七会议室)
Chairman:Qizhi TAO, Professor, School of Finance (Southwest University of Finance and Economics)
Paper 1: The Impact of Net Buying Pressure on VIX Option Prices
Authors:Yi-Wei CHUANG, Wei-Che TSAI, Ming-Hung WU
Speaker: Yi-Wei CHUANG, Assistant Professor (Feng Chia University, Taiwan)
Discussant: Lei GE, Associate Professor (Southwestern University of Finance and Economics)
Paper 2: Bank Concentration and Misallocation of Credit: Evidence from Firm Entry and Exit
Authors:Masayo SHIKIMI
Speaker: Masayo SHIKIMI, Professor (Nagasaki University, Japan)
Discussant: Jianfang YE, Professor (Shanghai University of Finance and Economics)
Paper 3:Research on Network Borrowing Default Risk Based on Text Mining
Authors:Yuning XIONG, Jun WANG, Feng MIU, XuBin CAO, Huading JIA
Speaker:Yuning XIONG, Ph.D. candidate (Southwestern University of Finance and Economics)
Discussant:Masayo SHIKIMI, Professor (Nagasaki University, Japan)
Paper 4: Optimal Portfolio Selection and Consumption Strategies under StochasticVolatility
Authors:Lei GE,Qiang ZHANG
Speaker: Lei GE, Associate Professor (Southwestern University of Finance and Economics)
Discussant: Jun WANG, Assistant Professor (Southwestern University of Finance and Economics)
17:30-20:30 Buffet Dinner（DE LA SUO Restaurant on First Floor, Yulong International Hotel, 裕龙国际酒店一层德拉索西餐厅）
December01, 2019 8:30-11:30Session IV Corporate Governance
Place:Da Shanghai Banquet on Second Floor, Yulong Grand Hotel (裕龙大酒店二层大上海宴会厅)
Chairman:Lin CHENG,Professor(University of Arizona,USA)
Paper 1: Specialist vs. Generalist: Which Type of Independent Director is Better at Increasing Innovation?
Authors: Zhe LI, Xingyi LI, Anning XIE
Speaker:Anning XIE, Student(Renmin University of China)
Discussant: Yin-Che WENG, Assistant Professor (National Dong Hwa University, Taiwan)
Paper 2: “One person’s decision” or “Voting mechanism”: Evidence of Collective Overconfidence in Chinese Listed Companies
Authors: Chao LIANG, Bai LIU, Yin-Che WENG
Speaker: Yin-Che WENG, Assistant Professor (National Dong Hwa University, Taiwan)
Discussant:Shuqing LUO, Associate Professor(The University of Hong Kong, Hongkong)
Paper 3: Common Ownership and Analyst Forecasts
Authors: Qiang CHENG, Shuqing LUO, Jinping ZHANG
Speaker: Shuqing LUO, Associate Professor(The University of Hong Kong, Hongkong)
Discussant: Xuegang CUI, Professor (Vice Dean of School of Economics and BusinessAdministration, Beijing Normal University)
Paper 4: Put Yourself in Individual Investors' Shoes: the Importance of Regulator Empathy for Corporate Governance
Authors:Caiyue OUYANG, Xin WANG, Jiacai XIONG, Kam C. CHAN
Speaker: Xin WANG, Ph.D. candidate (Renmin University of China)
Discussant:Ningyue LIU, Associate Professor (Beijing Institute of Technology)
Paper 5: Spillover Effect of Punishment for Violation of Regulations and Trade Credit—— An Empirical Evidence Based on Director Chain Companies in China
Authors:Zhonghai YANG, Yang LU, Xin DING, Xiangge MENG
Speaker: Yang LU, Ph.D. candidate(Harbin University of Commerce)
Discussant: Dan YANG, Associate Professor(Beijing Normal University)
December 01, 2019 8:30-11:30 Session V Media and Capital Market
Place:The 7th Conference Room on Third Floor, Beijing Yulong International Hotel B Building (裕龙国际酒店B座三层第七会议室)
Chairman:Chang MENG, Professor,School of Economics(Beijing Technology and Business University)
Paper 1: State-controlled Media Tone, Opinion Divergence and Stock Market Reactions: Evidence from China-U.S. Trade Frictions
Authors:Wenjia ZHANG, Julan DU
Speaker: Wenjia ZHANG, Associate Professor(China Foreign Affairs University)
Discussant:Jinghua TAN, Ph.D. candidate(Southwestern University of Finance and Economics)
Paper 2: Quantify the Effect of Artificial Intelligence News on Chinese Stock Movements
Authors: Jinghua TAN, Jun WANG, Menglan ZENG, Chenhao HE, Yan CHEN, Qing LI
Speaker: Jinghua TAN, Ph.D. candidate(Southwestern University of Finance and Economics)
Discussant: Yi-Wei CHUANG, Assistant Professor(Feng Chia University, Taiwan)
Paper 3: Effect of Different Internet News Media Sources on Stock Market
Authors: Jun WANG, Jiayu LI, Tanjing HUA, Denisa RINPRASERTMEECHAI, Qiuke LI, Qing LI
Speaker:Jun WANG, Assistant Professor(Southwestern University of Finance and Economics)
Discussant:Yuehan WANG, Ph.D. candidate(Tsinghua University)
Paper 4: Information Glitters: Follow Northbound Investors on China’s Interconnected Market
Authors: Keqi CHEN, Yuehan WANG, Xiaoquan ZHU
Speaker:Yuehan WANG, Ph.D. candidate(Tsinghua University)
Discussant:Wenjia ZHANG, Associate Professor(China Foreign Affairs University)
Paper 5: Does Ownership Type Affect Firms' Use of Trade Credit?
Authors:Mingzhu WANG (Corresponding author), Huili ZHANG, Jigao ZHU
Speaker:Jigao ZHU, Professor (University of International Business and Economics)
Discussant: Sifei LI, Associate Professor (Beijing Foreign Studies University)
December 01, 2019 8:30-11:30 Session VI Social Responsibility
Place:The 12th Conference Room on First Floor, Yulong Grand Hotel (裕龙大酒店一层第十二会议室)
Chairman: Bin WANG, Professor(Business School, Beijing Technology and Business University)
Paper 1: The Expenditures on and Efficiency of Corporate Social Responsibility Activities: Evidence from Targeted Poverty Alleviation Projects
Authors: Xiaobei HUANG, Yunling SONG, Jianing LV, Ling ZHOU
Speaker:Xiaobei HUANG, Assistant Professor(North China University of Technology)
Discussant:David C. BROADSTOCK, Associate Professor(Hong Kong Polytechnic University, UK)
Paper 2: From Brand to Green: The Moderating Role of ESG Strategic Focus
Authors: David C. BROADSTOCK, Louis T.W. CHENG, Piyush SHARMA
Speaker:David C. BROADSTOCK, Associate Professor(Hong Kong Polytechnic University, UK)
Discussant:Pei-Shih WENG, Associate Professor(National Dong Hwa University, Taiwan)
Paper 3: Comparison of MFCA Research Trends in Japan and China
Authors: Yang XU, Ling ZHU
Speaker:Ling ZHU(Nagasaki University, Japan)
Discussant:Xiaobei HUANG, Assistant Professor(North China University of Technology)
Paper 4: How Does Air Quality Affect Trading Performance? A Study of the Role of Investor Sentiment and Limited Attention
Authors: Wei-Nin WANG, Pei-Shih WENG
Speaker:Pei-Shih WENG, Associate Professor(National Dong Hwa University, Taiwan)
Discussant:Kun XU, Ph.D. candidate/Senior Accountant (Chinese Academy of Fiscal Sciences/CR Trust Co. Ltd)
Paper 5: Credit Discrimination, Asset Management Industry Development and Corporate Debt Financing Costs
Authors: Kun XU
Speaker:Kun XU, Ph.D. candidate/Senior Accountant (Chinese Academy of Fiscal Sciences/CR Trust Co. Ltd)
Discussant:Mengran DUAN, Assistant Professor(Beijing Technology and Business University)
11:30-13:30 Buffet Lunch（DE LA SUO Restaurant on First Floor, Yulong International Hotel, 裕龙国际酒店一层德拉索西餐厅）
Return：December 02, 2019