| 主讲人： | Zhanhui Chen |
| 主讲人简介： | Zhanhui Chen is Associate Professor of Finance from Hong Kong University of Science and Technology. He obtained Ph.D. from Texas A&M University. He published in top journals such as Journal of Financial Economics, Review of Financial Studies, Management Science, Journal of Financial and Quantitative Analysis, Journal of Economic Behavior & Organization. |
| 主持人： | Chuyi Yang |
| 讲座简介： | We study the implications of longevity shocks on corporate bond markets, corporate debt financing, and investment via the lens of life insurers. Longevity shocks shift life insurers’ demand for bonds of specific maturities. When longevity increases, life insurance companies invest more in long-term bonds. Consequently, long-term bond yields decline. The corporate sector absorbs these shocks by shifting to long-term debt issuances while increasing investment in long-term assets. Our results suggest that improvements in life expectancy reduce long-term corporate financing costs and stimulate long-term corporate investment. |
| 时间： | 2022-11-28 (Monday) 16:40-18:00 |
| 地点： | Room N302, Economics Building |
| 讲座语言： | English |
| 主办单位： | 太阳成tyc7111cc、王亚南经济研究院、邹至庄经济研究院 |
| 承办单位： | 太阳成tyc7111cc金融系 |
| 期数： | 金融经济学系列讲座2022年秋季学期第三讲（总98讲） |
| 联系人信息： | 巫老师，2183588 |
