汉青论坛第319期：12月22日任泓霖博士

本期主题: Political Uncertainty and Household Stock Market Participation
摘要：
Using micro-level panel data and a difference-in-differences identification strategy, we study the effect of political uncertainty on household stock market participation. We find that households significantly reduce their participation and reallocate funds to safer assets during periods of increased political uncertainty. The decline in participation is related to households’ response to elevated asset risk and their incentive to hedge increased labor income risk. In situations where uncertainty remains high after elections, pre-election reduction in participation is only partially reversed, reflecting a prolonged distortion in household stock investments, which can have implications for households, firms, and the economy in general.


报告人：任泓霖
时间：12月22日（周二） 13：00
地点：明德主楼515教室
诚邀各位老师参加。如果您有兴趣，请于12月22日前回复邮件liu.zhe AT ruc.edu.cn或电话联系，我们将为您预留座位。联系人：刘喆 62510919。





报告人简介：
任泓霖于2019年获得佐治亚州立大学金融学博士，2012年获得雪城大学金融学硕士学位，2011年获得复旦工商管理本科学位。任泓霖在2019年10月至2020年9月期间工作于美国基石研究经济咨询公司（Cornerstone Research）。 在佐治亚州立大学就读博士期间，执教本科核心课程《公司财务》并获博士教师卓越奖。任泓霖的研究领域聚焦于金融市场参与者包括机构投资者和居民投资者。她的研究成果发表于Journal of Financial Economics和Journal of Futures Markets期刊。