6月8號下午，美國霍普金斯大學(xué)金融學(xué)助理教授孫嫻博士應(yīng)管理與經(jīng)濟(jì)學(xué)院的邀請，作了題為“Internal vs. External Control of Agency Cost of Debt: A Contracting View”的學(xué)術(shù)報告。
為了解決債務(wù)成本的代理人問題，股東對薪酬合同和債務(wù)合同二者之間有選擇行為，從理論上推導(dǎo)出債權(quán)人友好型的薪酬合約與嚴(yán)厲的債務(wù)合約呈現(xiàn)負(fù)相關(guān)關(guān)系，薪酬合約與債務(wù)合約存在取舍關(guān)系，并通過實(shí)證分析驗(yàn)證了上述關(guān)系。
主講人簡介： Dr. Sun is an assistant professor in Finance at Carey Business School of Johns Hopkins University. After Dr. Sun received her PhD in finance from Rensselaer Polytechnic Institute in 2006, she worked for US Treasury, the Office of the Comptroller of the Currency, the supervisor of US national banks for 3 years where she was promoted to the position of senior Financial Economist. She has published in prestigious financial journals such as Journal of Financial Quantitative Analysis, Journal of Banking and Finance, Journal of International Money and Finance, and Journal of Corporate Finance. Her research interests include emerging markets, cross-border M&As, creditor rights and CEO compensation.
