講座題目：Manager's incentives on consumer credit market: Evidence from a natural field experiment

時(shí)間：2021年9月24日（周五）12:30 – 13:30

地點(diǎn)：博學(xué)樓918教室

主講人：黃棣芳

主講人簡(jiǎn)介：

黃棣芳，澳大利亞Monash大學(xué)博士研究生。他的研究領(lǐng)域包括大數(shù)據(jù)分析和金融科技。目前他已在Entropy, Financial Management和Journal of Financial and Quantitative Analysis等期刊發(fā)表論文。此外，黃棣芳博士還有多篇文章在Journal of Empirical Finance 和Journal of Finance等期刊R&R。

講座內(nèi)容簡(jiǎn)介：

We study the impacts of manager's incentives on the consumer finance market. Using the unique data from a major Chinese bank that changed its sales targets for bank managers in a highly non-linear incentive system, we find that the number of credit cards approved increases sharply at the end of each month. End-of-month borrowers are less likely to use credit cards, more likely to be delinquent, and less willing to invest in this bank compared to other borrowers. We find that lax screening and tournament effect may explain these changes.