主持人：Dr. Shu Tian Finance Department, School of Management, Fudan University
主题：Economic Catastrophe Bonds: Inefficient Market or Inadequate Model?
演讲者：Professor Haitao Li (李海涛教授)
Jack D. Sparks-Whirlpool Corp Research Professor of Finance, University of Michigan
Professor Li is Jack D. Sparks-Whirlpool Corp Research Professor of Finance in StephenM.RossSchoolof Business，University of Michigan. He earned his Ph. D in Finance from YaleUniversity. He is also the associate editor of Management Science and International Review of Finance. Professor Li’s current research interests are in theoretical and empirical asset pricing, term structure of interest rates, hedge funds, and financial econometrics. His recent works have developed econometric methods for analyzing continuous-time finance models driven by jump diffusions and Levy processes using underlying and derivative prices. He has developed and tested multi-factor term structure models for pricing and hedging interest rate derivatives and options embedded in corporate bonds. He has also developed asset pricing tests in absence of arbitrage and applied them to evaluate hedge fund returns. Professor Li has published many papers in leading journals such as Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Mathematical Finance and Journal of Econometrics etc