「Waseda Organizational and Financial Economics Seminar
When Silicon Valley Meets Wall Street: An Economic Model of Financial Engineering 」＊英語でのご報告
| 日時 | 2025年6月23日（月）13:10～14:50 |
|---|---|
| 開催方法 | ①対面 ＊11号館504教室にお越しください。 ②Zoom＊お申込み完了の自動返信メールにて、参加用URLをお知らせいたします。 |
| 対象 | 学生・教職員・一般 |
| 講演者 | 青柳 潤 氏 （Assistant Professor, Department of Finance, Hong Kong University of Science and Technology） |
| 要旨 | We study a model à la Kyle (1985) in which a trading firm hires a financial engineer to develop proprietary technology for an informational edge. The model features self-fulfilling multiple equilibria in technology adoption. In one equilibrium, excessive and inefficient innovation arises due to technological opacity and misaligned incentives between the firm and the engineer. The model links financial market outcomes to the labor market for financial engineers, demonstrating distinct comparative statics across equilibria. It offers a novel empirical strategy to detect inefficiencies in financial technology investment and reconciles mixed evidence on the impact of labor market interventions through the lens of financial market reactions. |
| 世話人 | 宮島 英昭 （早稲田大学商学学術院 教授） |
| 参加申し込み方法 | 参加はこちらからお申込みください。※6月19日（木）17:00締切 |
| その他 | 早稲田大学商学部・産業経営研究所・谷川寧彦分科会 |
