主題：Bank Loan Announcement Effects—Evidence from a Comprehensive 8-K Sample
主要內容：Abstract Using a comprehensive sample of over 10,000 bank loan announcements identified from 8-K filings during 1994-2018, we show that the positive announcement effect of bank loans has not disappeared over time. The positive announcement effect is stronger when deals are more important and reveal positive news about firms' financial conditions, when lenders have higher credit ratings, and when the credit market condition is tight. The results are robust after adjusting the differences of borrower size distributions between announced and unannounced loans. Our findings suggest that lenders convey private information about firm value to the market through the announcements of loan terms.
專家姓名：王姝晶博士
工作單位：同濟大學
專長和學術成就：金融學
專家簡介：王姝晶博士現任同濟大學經濟與管理學院副教授，博士生導師。她于2015年獲得香港科技大學金融學博士學位。在此之前，她獲得北京大學物理化學學士學位和美國羅切斯特大學物理化學博士學位。她的研究領域主要集中在資產定價的理論和實證研究。她的研究方向涉及股票、債券、期權以及信用衍生品的定價。近年來，她對中國金融市場和科技金融領域也進行了廣泛深入的研究。她的研究發表在國際國內一流期刊上，包含Management Science （2篇）, Journal of Banking and Finance, Journal of Empirical Finance,《管理科學學報》,《中國工業經濟》,《金融研究》等。
時間：2021-11-24 14:00:00
地點：經管學院 335