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先后四到“研究生人文教育和学交流月”铺天盖地讲座 ——经济和管理学院讲座1

作者:研究生科  来:研究生   /  更新日期: 2019-06-06  点击量:134

PPTs for What Are Benefits of Attracting Gambling Investors-new.pptx

   看:Rebalancing Needs, Stock Splits, and Gambling Investors

主讲人:林基财 使得  交

主持人:吴伟劭 副教授

经常  其中: 2019年6月10日(星期一)下午14:30

地  点:经管楼C103

讲座简介:

    As stock price runs up, exposure of shareholders’ wealth to the firm’s risk increases, making shareholders more likely to reduce their positions and the firm reluctant to undertake more risky investments. Undervaluation occurs if the firm cannot attract sufficient buying interest to counter shareholders’ selling pressure. To address the problem, we hypothesize that, by lowering stock price, a stock split increases the stock’s speculative features, allowing the firm to attract investors with gambling preference to share risk and to reduce its cost of equity, as gambling investors are willing to pay higher prices for lottery-like stocks.

主讲人简介:

    林基财讲课1988年从爱荷华大学取得博士学位;以后在路易斯安娜州立大学先后担任金融学助理教授、副教授和教授,啊是Lloyd F. Collette 经济服务讲席教授;从2015年起,林基财讲课在香港理工大学担任金融学讲席教授,现为金融系副系主任。


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                                                         2019年6月4日