深大金融科技学院系列学术讲座香港城市大学赵山副教授开展“Investment Banking Business Ties and Mutual Fund Proxy Voting”主题报告
2025/03/27
讲师 时间
地址


为增强学院学术氛围,加强学术科研合作,金融科技学院持续开展系列学术讲座。2025325日下午,学院特邀请香港城市大学赵山副教授作专题学术讲座。

        

本次讲座中,赵山副教授重点介绍了其在投资银行领域的最新研究成果,具体内容如下:

We examine the impact of investment banking business ties on mutual fund proxy voting decisions in shareholder meetings. Controlling for a comprehensive set of saturated fixed effects, we find robust evidence that fund families are more likely to vote with management of their investment banking client firms in shareholder proposals. Supporting a management pressure channel, the pro-management voting patterns are more pronounced in contentious proposals. Successful connected voting is associated with positive voting outcome announcement returns, suggesting that those votes reflect superior information. Finally, we find that fund families are more likely to vote against management of their client firms in non-contentious situations, suggesting that institutions vote strategically to hide their pro-management stance.

讲座结束后,针对学院师生提出的相关学术问题,赵山副教授进行深入解答,为学院师生带来一场学术盛宴。

主讲嘉宾介绍:

赵山,现为香港城市大学商学院金融学副教授,主要研究领域为公司金融、公司治理、机构投资者和ESG等。其研究成果发表于世界顶尖、权威学术期刊如:Journal of Financial Economics, Review of Financial Studies, Strategic Management Journal, Journal of Banking and Finance 等。他曾荣获CICF2010年最佳论文奖,TCFA 2014年最佳论文奖。他的论文在美国金融学会年会(AFA),美国西部金融学会(WFA),欧洲金融学会年会(EFA)上被宣讲。他还曾担任一些国际知名经济金融学术期刊的匿名审稿人,包括Rand Journal of Economics, Journal of Banking and Finance, Journal of Business Finance and Accounting, China Economic Review, China Economic Quarterly等