讲座人：胡一川（香港中文大学，博士研究生）
讲座题目：Loan Facilitators? The Role of Commercial Bankers in Non-Financial Corporations
讲座时间：2017年12月7日(周四)，13:30-15:00
讲座地点：理科大楼A 1712会议室（中北校区）法商楼304教师之家（闵行校区）
论文提要：Commercial bankers (executives or directors in banks) often serve as directors or executives in non-financial corporations, thus helping the non-financial firm link to the whole bank industry. A centrality index is built to measure the degree of connectedness of bankers in the banking community. With well-connected bankers sitting on board, non-financial firms could borrow loans with better terms, i.e., a larger loan amount and a lower loan interest rate. By separating our sample into direct and indirect loan cases, we find that the centrality effect is significant in both cases, and particularly, there is a stronger effect on loan size in indirect loans than direct loans. We also find in both direct and indirect loan cases well connected bankers on board attract other banks with high degrees of connectedness in the banking community to the syndicate group, and lower the negotiation costs by shortening the connection distance between the borrower and the lenders. Our result further shows that the job affiliation network is more relevant than conventional social networks of interpersonal links in studying commercial loan outcomes.
演讲人简介：Yichuan Hu is a PhD candidate in Economics at The Chinese University of Hong Kong. He obtained his Bachelor degree from Peking University in 2013 before pursing his PhD degree in CUHK. His research interests include corporate finance, social networks economics and financial issues in emerging markets.