讲座时间：2024年6月17日9：00-10：30

讲座地点：东校区财科馆317会议室

讲座题目：Unpacking the Crisis: Pandemic Impact versus Panic Response in Global Equity Flows

Abstract：This study investigates the impact of the COVID-19 pandemic and the resulting panic on equity flows across advanced and emerging economies. Utilizing a high-frequency unique dataset, our research disentangles the effects of the COVID-19 pandemic and pandemic-induced panic on equity flows. We find that the panic, rather than the pandemic itself, significantly impacts equity flows in advanced and emerging economies. Proactive government responses, including lockdowns, economic support, and healthcare measures, are found to mitigate the adverse effects of panic on equity flows in advanced economies. However, such policy responses do not significantly influence equity flows in emerging markets. Our study highlights the important distinctions between pandemic and panic during a crisis and underscores the necessity of tailored policy responses to stabilize financial markets in different economic contexts.

主讲人：林秉旋教授美国罗德岛大学商学院

主讲人简介：

林秉旋是罗德岛大学金融学教授，也是威廉·H·艾根金融学讲席教授，并担任太平洋资本市场研究中心主任。他于2001年获得乔治亚州立大学的博士学位。他的研究重点是公司金融、代理理论和中国资本市场。

林秉旋教授在多个学术和实务期刊上发表过文章，包括Journal of Corporate Finance、Journal of Risk and Insurance、Journal of Accounting and Public Policy、Journal of Business Finance and Accounting, Journal of the American Taxation Association和Financial Analyst Journal。林秉旋教授曾被任命为中山大学、中南财经政法大学和中国矿业大学的特聘教授。他还曾担任Journal of Accounting and Public Policy和European Journal of Finance的特刊客座编辑。