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10月28日郭艳红博士学术讲座通知

time:2023-10-28clicks:print

时间 姓名
地点

报告题目:Why Do Chinese Banks Issue Write-down Bonds?

报告人: 郭艳红 博士(南方科技大学)

时间:2023年10月28日 14:30—15:30

地点:管理学院 第一会议室(A北307

报告内容摘要:

This lecture investigates the factors influencing the issuance decision and quantity of write-down bonds (WD bonds) for banks using Chinese WD bonds data. Empirical results indicates that both the Tier 2 capital adequacy ratio and banks’ non-performing loan ratios influence the issuance decision of Chinese WD bonds. A lower capital adequacy ratio and non-performing loan ratio prompt banks to issue WD bonds to replenish their capital. Regarding the issuance quantity of WD bonds, the non-performing loan ratio, Tier 2 capital adequacy ratio, and macroeconomic situation are influential. A lower non-performing loan ratio and Tier 2 capital adequacy ratio both increase the issuance quantity of WD bonds. Additionally, macro variables negatively impact the issuance quantity. We further examine the influence of other additional Tier 1 capital replenishment instruments on the issuance of WD bonds and find that the issuance of preferred stocks provides an alternative means for bank managers to replenish the Tier 2 capital adequacy ratio. Our research contributes to the regulation of WD bonds and risk management within Chinese banks.

【郭艳红个人简介】

郭艳红,北京航空航天大学博士,南方科技大学商学院博士后,主要研究方向:系统性风险、或有可转换债券、地方政府债务等。主持国家自然科学基金青年项目,参与国家自然科学基金面上项目、国家自然科学基金重点项目等多项课题研究,在SCI、SSCI、CSSCI等国内外核心期刊上发表过多篇学术论文,多次在国内外学术会议上报告研究成果,并多次获得优秀论文奖。

欢迎有兴趣的教师,全体博士生、硕士生参加。

管理学院人才办公室

2023-10-26