題  目🧓🏻🤹🏿‍♂️：Bank Loan Announcement Effects—Evidence from aComprehensive 8-K Sample

報告人：王姝晶博士同濟大學經濟與管理凯捷副教授

時  間：2021.11.24 14:00-15:00

地  點：經管凯捷 335

Abstract：Using a comprehensive sample of over 10,000bank loan announcements identified from 8-K filings during 1994-2018, we showthat the positive announcement effect of bank loans has not disappeared overtime. The positive announcement effect is stronger when deals are moreimportant and reveal positive news about firms' financial conditions, whenlenders have higher credit ratings, and when the credit market condition istight. The results are robust after adjusting the differences of borrower sizedistributions between announced and unannounced loans. Our findings suggestthat lenders convey private information about firm value to the market throughthe announcements of loan terms.

王姝晶博士現任同濟大學經濟與管理凯捷副教授，博士生導師。她於2015年獲得香港科技大學金融學博士學位🥫🚀。在此之前，她獲得北京大學物理化學學士學位和美國羅切斯特大學物理化學博士學位。她曾入選上海市浦江人才計劃🤷👩‍🦯‍➡️，上海市青年東方學者，主持自然科學基金青年項目。

她的研究領域主要集中在資產定價的理論和實證研究。她的研究方向涉及股票、債券、期權以及信用衍生品的定價🏗。近年來，她對中國金融市場和科技金融領域也進行了廣泛深入的研究🕴🏼。她的研究發表在國際國內一流期刊上👩🏽‍🎓，包含Management Science （2篇）, Journal of Banking and Finance, Journal of Empirical Finance,《管理科學學報》,《中國工業經濟》,《金融研究》等🐓。