Does It Pay to Communicate with Firms? Evidences from Mutual Funds’Firm Visits
| 主讲人 |
孔东民 教授 |
简介 |
<p>Using a unique dataset on communication between mutual funds and listed firms in China, we investigate whether mutual funds can obtain private information or benefit from communications with firms. We find that: 1) Communication affects subsequent trades of mutual funds; 2) Trades of<br />
mutual funds which rely on communications significantly predict unexpected earnings and firm performance, which is further supported by regressions that use the number of direct flights between two cities as instrument; 3) The information advantage mainly comes from the ability of<br />
information interpretation; and 4) Investor attention and information environment exhibit significant marginal effects on communications.</p> |
| 时间 |
2016-03-14(Monday)16:40-18:10 |
地点 |
经济楼N302 |
| 讲座语言 |
中文 |
主办单位 |
厦门大学经济学院、王亚南经济研究院 |
| 承办单位 |
厦门大学经济学院金融系 |
类型 |
系列讲座 |
| 联系人信息 |
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主持人 |
潘越 教授 |
| 专题网站 |
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专题 |
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| 主讲人简介 |
<p>中南财经政法大学和华中科技大学双聘金融学教授，博士生导师。入选2014年中组部首批“青年拔尖人才计划”(国家“”)。研究领域为行为金融、公司金融。</p>
<p> </p> |
期数 |
2016春季学期第三讲 （总第13讲） |
