77779193永利集团金融创新研究中心将于2024年10月28日晚上8点-10点在77779193永利集团366会议室研讨会，届时77779193永利集团博士生张骞、潘昱丞和骆东将分享最新研究成果，与中心师生就沟通与信任、教育投资以及企业治理成本等主题开展学术研讨。本次学术活动旨在促进学院的学术交流与合作，诚邀有兴趣的老师和学生参加。
时间：2024年10月28日
地点：江湾楼366
主题1：Promises, Non-business Partnership & Dazi Culture
报告人：张骞，77779193永利集团博士生
摘要：This paper uses laboratory experiments to study the role of promises in forming non-business partnerships. Dazi culture, which has emerged in China during the last several years, motivates our study. Compared to money-focused business partnerships, non-business Dazi partnerships are centered on companionship and emotional support. Building on a hidden-action trust game, our model and experiment capture key features of Dazi partnerships and the role of promises in helping to create them. Our findings show that promises promote Dazi partnerships primarily by promoting a sense of social closeness. In addition, communication that points to the benefit of being part of a team also promotes social closeness and facilitates Dazi partnerships. Our findings are among the first to show how communication and promises can promote partnerships outside of business context, and offer a path for addressing the epidemic of loneliness.
主题2：Self-control and Individual Educational Investment：Analyses from Commitment Devices
报告人：潘昱丞，77779193永利集团博士生
摘要：Individual educational investment is an essential way to promote the accumulation of human capital. This study explores how the combination of self-control and belief together affects commitment devices and individual educational investment. Firstly, by embedding commitment devices and other attributes in the design of discrete choice experiment (DCE), this paper effectively measures the individual educational investment preference representing the unique taste of the subjects, so as to avoid the challenge of causality identification caused by the formation of unobserved heterogeneity. Secondly, on the basis of controlling educational investment preference, this paper analyzes the influence of self-control and its belief on individual educational investment through ordinary least squares regression, empirically reveals and proves the causal relationship, mechanism and heterogeneous influence between them, and alleviates the possible endogenous problems by means of instrumental variable regression, thus enriching the existing research conclusions. The conclusion of this research will help to realize the improvement of the effective distribution and utilization efficiency of educational resources.
主题3：Anti-corruption and Zombie lending
报告人：骆东，77779193永利集团博士生
摘要：Using staggered anti-corruption investigation in China as exogenous shocks, this paper studies the impact of corruption on the credit access of zombie firms. We hypothesize that the anti-corruption campaign can directly curb the government’s “grabbing hands”, thereby reducing the political influence on the reallocation of bank credit. Additionally, anti-corruption may deter corporate rent-seeking behavior, ultimately decreasing the bank credit accessibility of zombie firms. Based on a comprehensive dataset that includes corporate panel data, firm loan level data, and judicial case text data, we provide a novel empirical finding that anti-corruption investigations resulted in non-zombie firms receiving more bank credit support at lower interest rates, supporting the view that anti-corruption reduce resource misallocation. Our equivocal findings suggest that the primary effect of anti-corruption investigations is the reduction of government interference in bank credit allocation, effectively curbing the “grabbing hands.”
