讲座题目：Manager's incentives on consumer credit market: Evidence from a natural field experiment

时间：2021年9月24日（周五）12:30 – 13:30

地点：博学楼918教室

主讲人：黄棣芳

主讲人简介：

黄棣芳，澳大利亚Monash大学博士研究生。他的研究领域包括大数据分析和金融科技。目前他已在Entropy, Financial Management和Journal of Financial and Quantitative Analysis等期刊发表论文。此外，黄棣芳博士还有多篇文章在Journal of Empirical Finance 和Journal of Finance等期刊R&R。

讲座内容简介：

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.