主题：The Shift of the Tournament: Why do Chinese Mayors Start to Manipulate Land Price Downwards?

主讲：张岩 助理教授

会议时间：2024年5月22日 13:30-15:00

会议地点：半岛·体育bob官方网站614会议室

内容简介：Using the comprehensive dataset of subway land plots of China, we explore the existence and incentive of the puzzling downwards manipulation of land prices by the Chinese mayors. To our surprise, many of these undervalued plots are sold back to the local government via local government controlled firms (LGCFs) for the purposes of improving social welfare, and mayors who conduct such manipulation are more likely to be promoted than their peers who choose not to do so. The spike of our finding coincides with the unprecedented political and ideological reforms adopted by the Chinese Communist Party (CCP) after the year 2012, and implies a shift of the aim of the  tournament game from GDP-oriented to ideology-oriented for the Chinese local officials.

个人简介：张岩博士现任澳门城市大学金融学院助理教授。他拥有美国犹他大学金融学博士学位，曾在犹他大学和洛约拉玛莉蒙特大学生任教。他的主要研究兴趣是资本市场（包括期权市场的监管），创新与创业，基于机器学习和文本分析的金融科技，以及区域经济学，并且与多个国家的科研人员保持着合作关系，包括耶路撒冷希伯来大学，剑桥大学，美国证监会，香港科技大学等等。