※For English please scroll down.
10月2日(月)に行われます、現政研セミナーの日程、場所などにつきましてご案内申し上げます。
【日 時】10月2日(月)10:30~12:00
【場 所】早稲田大学 早稲田キャンパス3号館12階 ディスカッションルーム
【報告者】 Yangguang Huang 先生 (香港科技大学 経済学部 准教授)
【タイトル】Whom to Educate? Financial Fraud and Investor Awareness
【報告要旨】
We study how investors are exploited by fraudulent financial products. These investors purchase financial products that are inconsistent with their risk attitudes, and in turn, their behaviors provide an incentive for firms to commit financial fraud. We then conduct experiments and surveys in Shenzhen, China to measure investors’ risk preferences and the effect of an eye-opening financial education program. Participating in our education program significantly reduces investors’ tendency to invest in fraudulent products, especially among those who are risk-averse. Therefore, compared to randomly assigning the education program to investors, targeting risk-averse investors will be more effective in fighting financial fraud.
※※※※参考資料:
https://www.dropbox.com/s/iifqkqw9q6gc094/Gui_Huang_Zhao_Financial_education.pdf?dl=0
【使用言語】 英語
【招聘教員】 河村 耕平 先生
現政研セミナーは広くみなさまにひらかれたセミナーです。
皆様の御参加をお待ちしております。
* English
This notice is to inform you of the WINPEC (Waseda Institute of Political Economy) Seminar on Oct. 2nd.
【TIME】2nd, October Monday, 10:30-12:00
【Venue】The Discussion Room, BUILDING 3 – Floor 12.
【Presenter】 Prof. Yangguang Huang (Assistant Professor, Department of Economics, Hong Kong University of Science and Technology)
【Title】Whom to Educate? Financial Fraud and Investor Awareness
【Abstract】
We study how investors are exploited by fraudulent financial products. These investors purchase financial products that are inconsistent with their risk attitudes, and in turn, their behaviors provide an incentive for firms to commit financial fraud. We then conduct experiments and surveys in Shenzhen, China to measure investors’ risk preferences and the effect of an eye-opening financial education program. Participating in our education program significantly reduces investors’ tendency to invest in fraudulent products, especially among those who are risk-averse. Therefore, compared to randomly assigning the education program to investors, targeting risk-averse investors will be more effective in fighting financial fraud.
*** Reference materials:
https://www.dropbox.com/s/iifqkqw9q6gc094/Gui_Huang_Zhao_Financial_education.pdf?dl=0
【Organizer】Prof. Kohei Kawamura
**** We invite faculty members to a lunch with prof. Yangguang Huang after the seminar 2nd. Please register ‘DENSUKE’ (the following URL) no later than 18 p.m. 29th. Sep. (Fri.) if you would like to join.
http://densuke.biz/list?cd=nz2v7bNzdxdNDy9k
We encourage your participation.