6月8號下午,美國霍普金斯大學金融學助理教授孫嫻博士應管理與經濟學院的邀請,作了題為“Internal vs. External Control of Agency Cost of Debt: A Contracting View”的學術報告。
為了解決債務成本的代理人問題,股東對薪酬合同和債務合同二者之間有選擇行為,從理論上推導出債權人友好型的薪酬合約與嚴厲的債務合約呈現負相關關系,薪酬合約與債務合約存在取舍關系,并通過實證分析驗證了上述關系。
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.