时间：2024年4月17日（星期三）14:00-15:30
地点：经管大楼A楼 四楼第二会议室报告厅
主题：从动态融资契约视角解析模糊不确定性对企业长短期投资的影响机制（Influence of Knightian Uncertainty on Short and Long-termism of Firm Investment: From the Perspective of Dynamic Financial Contract）
主讲人：费晨（上海理工大学管理学院）
Fei Chen, Lecturer in the Department of Systems Science, Master's supervisor, Doctor of Donghua University, jointly trained by the University of Strathclyde. Her research interests include Stability analysis and control of stochastic systems, application of stochastic optimal control and game theory in finance, etc. She is the director of the National Natural Science Foundation project Research on Optimal Dynamic Robust Contract and Investment Decision for ESG, and has published more than 20 papers in IEEE TAC, Journal of Management Science and other high-level journals at home and abroad.
摘要：公司在运营和发展过程中经常在短期和长期投资行为之间进行权衡。然而，在具体的公司管理决策中，短期和长期的问题要复杂得多。不盲目追求短期或长期业绩是企业投资的最佳选择。特别是在复杂而不确定的现实情景下，企业的短期和长期投资决策将是一个依赖于代理冲突和企业特征的动态调整过程。因此，在面对现实世界中不确定因素的影响时，能否在合适的时机做出合理的短期或长期投资决策，对于企业谋求生存和实现可持续发展至关重要。
Companies often make trade-offs between short- and long-term investment behaviors during their operations and development. However, short- and long-termism issues are much more complicated in specific corporate management decisions. Not unthinkingly pursuing short- or long-term performance is the best choice for corporate investment. Especially in a complex and uncertain reality scenario, a company’s short- and long-term investment decisions will be a dynamic adjustment process dependent on agency conflicts and company characteristics.Therefore, when facing the impact of uncertain factors in the real world, whether a reasonable short- or long-term investment decision can be made at the right time is essential for the company to seek survival and achieve sustainable development.
