CFDS Kick-Off Meeting

Kick-Off Meeting of the
Center for Financial Development and Stability at Henan University

October 18th, 2017
School of Economics - Henan University

On October 18th, 2017, the Center for Financial Development and Stability at Henan University – short CFDS – successfully held its Kick-Off meeting.

The director of the CFDS – Makram El-Shagi, Dean of the School of Economics – Song Bingtao, and Mao Liqun – Vice Dean of the International Affairs Office- gave the opening speeches and together uncover the centers plaque. The Center members welcomed the President of the Halle Institute of Economic Research (IWH) – Prof. Dr. Reint E. Gropp and Prof. Dr. Jarko Fidrmuc, who holds the Chair of International Politics at Zeppelin University in Friedrichshafen, Germany, during the Kick-Off Meeting. The CFDS will start research cooperation’s with the IWH as well as Zeppelin University and was honored to welcome both professors for the kick-off meeting.


9:00 – 9:15 am Welcome Speech
Makram El-Shagi, Bingtao Song, Liqun Mao


Session I

9:15 - 9:45 am

Limited Penetration of Governance and Conflict in Sub-Saharan Africa
Shahriar Kibriya / ZHICHENG (PHIL) XU / Yu Zhang

9:45 – 10:15 am

Compensation Negotiation and Corporate Governance: The Evidence from China

10:15 - 10:45 am

Development Aid and Export Performance: Chinese Engagement in Africa
JARKO FIDRMUC / Theresa Wiedmann / Xiaoye Pu


10:45 – 11:00 am


Coffee Break


Session II

11:00 - 11:30 am

Fiscal Incentives and Land Finance Cycles of Prefectures in China
TSUN-FENG (TED) CHIANG / Jack Hou / Pi-Han (Christine) Tsai

 11:30 - 12:00 am

Common Banks Across Heterogeneous Regions
Enzo Dia / Lunan Jiang / Lorenzo Menna / LIN ZHANG

 12:00 - 12:30 pm

To Be Direct or Indirect Exporter: A Spatial Durbin Probit Approach


12:30 – 2:30 pm


Lunch Break


Session III

2:30 – 3:00 pm

The Chinese Yield Curve(s)
Makram El-Shagi / LUNAN JIANG

3:00 – 3:30 pm

Interest Regulation, Moral Hazard and Violence: a Study of Private Credit in Qing China
Zhiwu Chen / Zhan Lin / KAIXIANG PENG

3:30 – 4:00 pm

Retail-Interest-Rate Controls in China and Monetary Transmission to Market Interest Rates


4:00 – 4:15 pm


Introduction of our cooperation partners’ institutions


4:15 – 5:00 pm


Coffee Break with Poster Presentations


Session IV

5:00 – 5:30 pm

Why they keep missing: Rational Inattention in Sovereign Bond Ratings
MAKRAM EL-SHAGI / Gregor von Schweinitz

5:30 – 6:00 pm

Political Institutions and Bailouts

6:00 – 6:30 pm

Finance and Productivity


Poster Presentations

Debt burden and financial accelerator under fixed interest rate
BING TONG / Zhiwei Xu

The Continued Duration of Institutional Investors’ Stock Ownership and Firm Performance

Money Demand in China: A Meta-Study
Makram El-Shagi / YIZHENG ZHUANG

Financing Heterogeneity, Credit Rating and the Cost of Debt Issuance

Don’t Touch My Cheese: Short Selling Pressure, Executive Compensation Justification and Real Earnings Management
FEI LIU / Jianhua Du




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