(Young Scholar's Forum, Jul 12) Corporate Default with Chinese Characteristics
July 11,2017 09:16:34 readCount:54
Topic:Corporate Default with Chinese Characteristics
Speaker: Dr. Ai Jing (University of Hawaii)
Venue: Room 305, Building B10, University Town Campus
Time: Wednesday, Jul 12, 2017, 14:00
 
[Abstract]
We study lending, default, and default resolution with seven million loans by seventeen commercial banks to corporations across China from 2007 to 2013. Politically connected borrowers perform poorly on several dimensions of the lending process, even with improvements in bankruptcy law, government action at times of crisis, or listing on China's stock market. In contrast, evidence of relationship banking and improvements in some lending outcomes for other borrowers and in provinces with higher institutional and economic development suggest gradual though uneven emergence of a modern capital market.
 
[Biography]
Jing Ai is the First Insurance Company distinguished professor and a tenured associate professor of risk management, insurance, and finance in the Shidler College of Business at the University of Hawaii at Manoa. Her primary research interests include enterprise risk management, behavioral insurance, longevity risk management, financial risk management, and insurance fraud detection and other public policy issues. Herresearch papers have appeared in premier academic journals and are presented at manynational and international conferences in risk management, insurance, finance, andmanagement sciences. She has served on the Board of Governors of the Asia-Pacific Riskand Insurance Association (APRIA), and has chaired and served on many committees for the American Risk and Insurance Association (ARIA). She received her PhD from the University of Texas at Austin and her Bachelor’s Degree from Tsinghua University in China.
 

Announced by the School of Economics and Commerce