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Xiaoyun Yu of Indiana University professor Kailai

2019年10月18日 13:02  点击:[]

Date: July 14, 2014 (Monday) morning 10:30-12:00
Venue: Institute of Finance Conference Room 202 (Guanghua campus original veteran center two floor, north gate near the basketball court)
The 2014 International Symposium on summer financial research institute ten
Southwest University of Finance and Economics Institute of Finance (Institute of financial studies, SWUFE) invite famous scholars at Indiana University Kelley School of business (the Kelly School of business, Indiana University Finance Associate Professor Xiaoyun Yu to our school for academic exchanges, there will be in the Financial Research Institute of the 202 room academic lectures. Invite the students to participate!
The main topic: Cultural Proximity and the Processing of Financial Information
Speaker: Professor Yu Xiaoyun
Speaker introduction:
Xiaoyun Yu is an assistant professor of finance professor at Indiana University's Kailai School of business, she received her PhD in finance at the University of Minnesota Carlson School of management. The main research direction of Xiaoyun Yu is Professor of corporate finance theory and practice field. The main research direction is her current information economics, safety design, IPO etc..
Xiaoyun Yu professor of resumes and other details see:
Http://www.kelley.iu.edu/xiyu/
Abstract:
This paper examines to what extent culture affects information asymmetry in the financial markets. To concentrate on cultural proximity rather than geographic proximity, we extract a sample of firms publicly traded in the U.S. but headquartered in regions sharing Chinese culture ("Chinese firms"), and manually identify a group of U.S. analysts of Chinese ethnic origin ("Chinese analysts We find that"). Chinese analysts issue more accurate forecasts about earnings of Chinese firms than non-Chinese analysts. The rise in forecast precision is more pronounced among first-generation Chinese immigrants. Further evidence suggests that culture proximity can go beyond language commonality and analysts pre-existing channels for informatio " N, and that the effect of culture cannot easily be transmitted. market reaction is stronger when Chinese analysts issue of forecast revisions or, about Chinese. Our results indicate that cultural proximity mitigates information asymmetry that them at foreign firms, especially those from emerging markets, and shed light on the culture as an important component of human capital.
Contact: Ye Dan Zhang Minjie Qu Chengcheng
Tel: 87099046, 87099047
E-mail:yedan1220@126.com, zhangminjie234@163.com


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