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The Five-Star Asia Pacific Workshop in Finance aims to provide an open platform to bring together scholars from top research institutions in the Asia Pacific region. It extends the scope of the Five-Star Workshop in Finance in China, which has been organized for 11 years covering 10 leading finance research institutions in China. This year, the inaugural Five-Star Asia Pacific Workshop will be co-organized by the Cheung Kong Graduate School of Business (CKGSB), Sim Kee Boon Institute for Financial Economics (SKBI) at Singapore Management University's (SMU) Lee Kong Chian School of Business (LKCSB), PBC School of Finance at Tsinghua University (PBCSF), and the University of Toronto. Presenters are from the above institutions.

 

Date & Time:
17 May 2024 (Fri) | 8:45am - 5:30pm
18 May 2024 (Sat) | 9am - 2pm

 

Conference Style:
The workshop will adopt a seminar-style research discussion (e.g., 30-minute presentation + 15-minute floor discussion) to promote in-depth engagements of all participants.

 

Venue:
Singapore Management University
50 Stamford Road, Singapore 178899
Lee Kong Chian School of Business, Seminar Room 1-1

 

Programme:

Day 1: May 17 (Friday)

8:45am -
9:15am
Registration & Welcome

Session 1: Investment and Capital Formation 

Chaired by Hong Zhang (Professor of Finance, LKCSB)

https://skbi.smu.edu.sg/sites/skbi.smu.edu.sg/files/2024-04/Hong%20Zhang%20-%20circle.png

9:15am -
10:00am

Leverage dynamics under costly equity issuance, by Patrick Bolton, Neng Wang, and Jinqiang Yang. [Slides]

neng wang    Neng Wang (Dean’s Distinguished Chair Professor of Finance, CKGSB)

10:00am -
10:45am

Share Pledging in China: Funding Listed Firms or Funding Entrepreneurship?, by Zhiguo He, Bibo Liu, Feifei Zhu.

bibo liu Bibo Liu (Associate Professor, PBCSF)

10:45am -
11:15am
Coffee Break
11:15am -
12:00am

What Doesn’t Work in Securities Law: Blue Sky laws and Capital Formation, by Paul Mahoney and Jianping Mei. [Slides]

jianping mei Jianping Mei (Professor of Finance, CKGSB)

12:00pm - 
2:00pm

Lunch

Session 2: Green Finance

Chaired by Erica Li (Professor of Finance, CKGSB)
erika li

2:00pm - 
2:45pm

Consumers’ Reaction to Corporate ESG Performance: Evidence from Store Visits, by Tinghua Duan, Frank Weikai Li, and Roni Michaely. [Slides]

weikai li Frank Weikai Li (Assistant Professor of Finance, LKCSB)

2:45pm -
3:30pm

The Externalities of ESG Disclosure, by Yi Jiang, Ya Kang, and Hao Liang. [Slides]

hao liang Hao Liang (Associate Professor of Finance, LKCSB)

3:30pm -
4:00pm
Coffee Break

Session 3: Treasury Bonds and Government Funds

 Chaired by Erica Li (Professor of Finance, CKGSB)
erika li

4:00pm - 
4:45pm

A Two-Tier System of Government Guided Funds, by Zhao Jin.

zhao jin Zhao Jin (Assistant Professor of Finance, CKGSB)

4:45pm -
5:30pm

The Stock-Bond Correlation A Tale of Two Days in the Treasury Bond Market, Grace Xing Hu, Zhao Jin, and Jun Pan. [Slides]

grace xing hui Grace Xing Hui (Associate Professor, PBCSF)

Day 2: May 18 (Saturday)

Section 4: FinTech and Machine Learning

Chaired by Zhan Shi (Associate Professor, PBCSF)
Zhan Shi

9:00am -
9:45am

Social Learning and Sentiment Contagion in the Bitcoin Market, by Bing Han, Haoyang Liu, and Pengfei Sui.

bing han Bing Han (Professor of Finance, University of Toronto)

9:45am -
10:30am

Machine Learning vs. Dynamic Trading: Can Economics Help Explain AI?, Huahao Lu, Matthew Spiegel, and Hong Zhang.

Hong Zhang Hong Zhang (Professor of Finance, LKCSB)

10:30am -
11:00am 
Coffee Break

Section 5: Corporate Biases and Regulatory Impact

 Chaired by Zhan Shi (Associate Professor, PBCSF)
Zhan Shi

11:00am -

11:45am

Randomized On-Site Inspections and Shareholder Value, by Fangjian Fu, Pingui Rao, Cen Wu, and Heng Yue.

fangjian fu Fangjian Fu (Associate Professor of Finance, LKCSB)

11:45am -
12:30pm

Corporate Basis and Demand for U.S. Dollar Assets, by Grace Xing Hu, Zhan Shi, Ganesh Viswanath-Natraj, Junxuan Wang. [Slides]

Zhan Shi Zhan Shi (Associate Professor, PBCSF)

12:30pm -
2:00pm
Lunch

 


Organised By
organisers

 

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