活動

COVID-19 Webinar Series: COVID-19 and Supply Chain Risk

鏈接

https://www.cpr.cuhk.edu.hk/tc/?p=75786

列印

日期：

2020年11月27日

時間：

上午11時至下午12時15分（GMT+8）

地點：

以視像會議平台ZOOM進行

講者：

Prof. Jing WU (Assistant Professor, Department of Decision Sciences and Managerial Economics, CUHK Business School) Discussants: Prof. Vernon N. HSU (Choh-Ming Li Professor of Decision Sciences and Managerial Economics, CUHK Business School) Prof. Sean X. ZHOU (Chairperson, Department of Decision Sciences and Managerial Economics, CUHK Business School)

報名：

https://cloud.itsc.cuhk.edu.hk/webform/view.php?id=11215201

查詢：

電話號碼: (852) 3943 3471 電郵: policyresearch@cuhk.edu.hk

活動概覽：

In this seminar we will examine how supply chain activity reflects onto credit risk during different phases of the COVID-19 pandemic, specifically looking at credit default swap (CDS) spreads and US-China supply chain links. The analysis finds considerable effects on credit risk propagation. The CDS spreads of firms with Chinese supply chain partners increased in parallel with the supply chain disruptions of the economic-shutdown period of the pandemic. Furthermore, following the re-opening in China, these spreads decreased as economic activity resumed there. It was also found that the household demand channel is an important driver of this supply chain credit risk behaviour. Supply chain activity resumption alone is insufficient to decrease credit risk in sectors catering to household demand during periods of dampened household spending. Therefore, having a more global customer base can mitigate the effects of shocks to local household demand. While the leverage of a firm and supply chain duration magnified supply chain driven credit risk during the pandemic, cash holdings, growth opportunities, an investment-grade rating, and supply chain network centralisation moderated such effects.

活動流程:
http://www.cuhk.edu.hk/hkiaps/policy_research/download/COVID-19_Webinar_Programme.pdf

語言：英語

活動以視像會議平台ZOOM進行，已登記的參加者將會收到ZOOM Meeting ID。