Professor Jin Yanbo from University of California Was Giving Lecture in Our University

2015-09-15

In the evening of June 11th, Professor Jin Yanbo from University of California in the United States was invited to give the 11th lecture of Lushan Leture Series in the multifunctional lecture hall located on the 3rd floor of Art Institute in Lingnan campus ,with topics ranging from risk management, enterprise value to executive risk preferences.

Professor Jin Yanbo as the financial risk management expert, professor Philippe Jorion’s student, graduated from Irvine, University of California, and became a lifetime professor in Finance Department of Northridge, California State University as well as a chair professor in Business College of Central South University. His research mainly covers financial risk management and corporate finance.

In the lecture, professor Jin Yanbo expounded the following issues surrounding risk management: whether stock price changes can reflect the financial risk; whether stock price or financial market fluctuations can reflect financial securities; whether risk management can reduce the risk;   what exactly is the relationship between risk management and corporate value; whether executives’ attitude towards risk at risk management decision-making level will affect the decision of the risk. She argued that financial risk could be reflected in the price of financial derivatives, as a large number of empirical studies had proved that using risk management could effectively reduce the financial risk of the enterprise. But there was no consensus on the relations between risk management and enterprise value, and the relations between decision-making executives’ attitude towards risk and risk decision-making. More practical factors needed to be taken into account. Professor Jin Yanbo also shared with students the frontier of the current academic hot issue and encouraged the students to continue to explore.

In this lecture, Professor Jin made a logical and clear analysis of the importance of risk management, its wide application in academia and enterprises, the purpose of risk management and its influence on the improvement of enterprise value with a large amount of data and charts. For some disputable points, she also showed a scholar’s tolerance and   scientifically rigorous attitude.

In the interaction, professor Jin Yanbo showed her patience by answering questions one by one. The lecture  broadened the teachers and students’ academic horizon and had strong practical guiding significance. (Hu Huimei)