時間：2019年4月18日下午15點40分

地點：九里校區零號樓0629室

主題：個人破產法與公司決策

主講人：林楚彬，現任西南交通大學金融與財務學系講師，碩導。研究方向：資產定價、行為財務學和公司金融。研究工作發表在金融學國際重要學術期刊Journal of Banking & Finance，Journal of Empirical Finance，擔任國際學術期刊審稿人。

摘要：This paper examines the effects of personal bankruptcy laws on corporate policies. Following a regulation reform that limits individuals’ access to bankruptcy protection, firms that are more affected by this regulation reform increase labor costs, reduce investment, engage in less risk taking, and earn lower abnormal returns. Furthermore, firms in industries characterized by a high unemployment risk reduce leverage. Our results support the view that firms choose more conservative policies to mitigate employees’ expected welfare losses.

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