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【学术​报告】Behind-the-ScenesCommunications and Investment Price Sensitivity

[发表时间]:2018-11-12 [来源]: [浏览次数]:

讲座时间: 20181115日(周四)下午3 :00

讲座地点:沙河东校区学院7号楼214会议室

: Dr. Xu Li

讲座摘要:

A growing literatureshows that managers learn from investors for real decisions. Generally, thereare two channels for the learning process. One is through indirect learningfrom stock prices which aggregate information from market participants that is newto managers. The other is through directly learning behind-the-Scenescommunications such as discussions, calls, emails, or letters. However, how theinteraction between two these two channels, i.e., prices and communications,affect real decisions, is largely unexplored. In this talk, we investigatewhether behind-the-scenes communications affect RPE, and thereby theinvestment-price sensitivity.

讲者简历:Dr. Xu Li holds a BA from University ofInternational Business and Economics and a MS in Finance from Boston College.He received his PhD in Accounting from Massachusetts of Institute ofTechnology, and joined the University of Hong Kong in 2012. Dr. Li worked inUniversity of Texas at Dallas and Lehigh University prior to joining theUniversity of Hong Kong. Dr. Li's research interests include the capitalmarket's reaction to accounting information; information asymmetry betweencorporate insiders and outsiders; impact of firm’s disclosure on cost ofcapital and corporate governance, etc. He has published papers in variousacademic journals, including The Accounting Review, Journal of Accounting andEconomics, Management Science, and Journal of Financial and QuantitativeAnalysis. Dr. Li have taught various courses, such as Financial Accounting,Accounting for Business Decision, Financial Statement Analysis, AdvancedFinancial Management, Business Valuation, etc. at undergraduate and graduatelevels.

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