标题: 邀您共赴学术讲堂 [打印本页] 作者: hacksee 时间: 2023-5-25 15:59 标题: 邀您共赴学术讲堂 邀 请 函 一 学术讲堂 主题：A Sugar-Coated Poison Pill? The Performance of Politically Linked Venture Capitalists 主讲人：台湾政治大学 李文杰副教授 主持人：发展研究院 李丁副教授 时间：2019年6月25日（星期二）上午9:00-10:30 地点：西南财经大学柳林校区 格致楼911会议室 主办单位：发展研究院 经济学院 科研处 主讲人简介：
李文杰，现任台湾政治大学副教授。专长领域为宏观经济理论、公司金融和企业组织理论。已发表重要著作于Journal of Macroeconomics、International Review of Economics and Finance、Academia Economic Papers、Journal of Taiwan Land Research等重要学术期刊。 主要内容：
Investing in young firms is risky. Venture capitalists (VCs) have been syndicating with other competitive VC funds to diversify risk. In this sense, we investigate a new form of venture syndication that ensures that government funds participate in the equity composition of VC. The political link between VCs and the government has long been questioned because of the enormous agency costs embedded in this link. By utilizing a hand-collected Taiwanese venture dataset from the 1980s to the present, the curriculum vitae provided from the fund side and from the start-up venture team allow us to track the degree of educational linkage and political linkage.
We thus find that the Taiwanese Development Fund plays a role as a dominant political link within the equity share of new ventures. Our results show that the political link has distorting effects on various levels of new venture performance. It is easier for Development Fund-linked new ventures to achieve IPO status, while politically linked new ventures perform worse than nonpolitically linked firms. Finally, further empirical results show that there is a weak correlation between firm performance and CEO exits in Development Fund-linked ventures. We conclude that management loopholes are the major reason for the underperformance of Development Fund-linked new ventures. These loopholes also explain the high agency costs incurred when managerial levels sidle up to politically linked resources to secure VC investments. 邀请函（二）
02 主题：Growth in a Patrilocal Economy: Female Schooling, Household Savings, and the One-Child Policy 主讲人：台湾中正大学 陈为政助理教授 主持人：发展研究院 李丁副教授 时间：2019年6月25日（星期二）上午10:30-12:00 地点：西南财经大学柳林校区 格致楼911会议室 主办单位：发展研究院 经济学院 科研处 主讲人简介：
陈为政，现任台湾中正大学经济学系助理教授。专长领域为宏观经济理论、发展经济学、教育经济学等。已发表重要著作于Games and Economic Behavior、Economics Letters等重要学术期刊。 主要内容：
We develop a model of parental education decision to analyze how a population control policy affects the households’ decisions on saving and schooling in a patrilocal society in which sons are responsible to support aged parents more than daughters. Parents’ investment in education depends on the degree of parental altruism and also on the need for old-age security in the form of children’s financial transfers. A tightened population control policy makes parental altruism more important than the security motive and thereby shortens gender gap in education. Our model can explain the fact that under a series of population control policies China experiences a rapid growth of female education attainment. Meanwhile, our model does not fully reflect the observed increase in the household saving rate in the context of demographic transition and this is mainly due to dissaving from the expanding aging population.
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