题　目：Magic Formula or Futile Effort: Lessons from China's Two-Tiered Government Guided Funds

嘉　宾：金钊 助理教授 长江商学院

主持人：杨彪 助理教授 BAT365唯一官网

时　间：2024年5月10日（周五）10:00-11:30

地　点：BAT365唯一官网 徐汇校区安泰楼A511室

内容简介:

Governments worldwide have increasingly embraced industrial policies in recent years. Can these endeavours lead to sustainable growth and on what conditions? Learning from China's unique two-tiered Government Guided Funds, we demonstrate that the selection of targeted industries and the political and economic endowments of the government are pivotal factors influencing the success of industrial policies. Sustainable growth is observed only when targeted industries are under-invested by private investors and exhibit high externality, diffusing growth along the production network. In addition, governments must exhibit low corruption and high efficiency, while regions possess ample investment opportunities, sufficient talent pools, and high labor productivity.

演讲人简介：

Dr. Jin is an Assistant Professor of Finance at the Cheung Kong Graduate School of Business. He received his PhD in Finance from Simon Business School, the University of Rochester. His research projects in the areas of entrepreneurship, artificial intelligence, venture capital, and M&As were awarded the 2018 Kauffman Knowledge Challenge Grant. His research about AI and entrepreneurship was published in the Journal of Finance and covered in the New York Times, the Wall Street Journal, and Tencent News.

欢迎广大师生参加!