Department of Finance
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Department Brownbag:“Captain Gains” on Capitol Hill
“Captain Gains” on Capitol Hill Department of Finance Abstract: Using US congressional membe...
Relationship Banking and Lending Cost in the Interbank Market: A Network Approach
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Dr Yajun Xiao has a paper titled “Transitory and Permanent Cash Flow Shocks in Debt Contract Design” forthcoming to be published on Journal of Quantitative Analysis, an FT50 journal. The paper looks at how lenders set up contracts to deal with the temporary and long-lasting cash flow shocks that borrowers might face. The significance of financial flexibility in debt contracts is underscored. This flexibility enhances risk management, improves credit risk assessment, strengthens financial stability, aligns incentives, supports market efficiency, boosts investor confidence, and provides operational agility. Ultimately, it is crucial for the overall health and resilience of the financial system. The paper underwent a comprehensive five-year process, encompassing initiation, data collection and analysis, writing, marketing, as well as multiple rounds of submission and revision.
The Journal of Financial and Quantitative Analysis, encompassing FT50 and ABS4, publishes both theoretical and empirical research within the realm of financial economics. Its scope covers a wide range of topics including corporate finance, investments, capital and securities markets, as well as quantitative methods that hold particular relevance for financial researchers. With an annual submission count exceeding 1,000 manuscripts, JFQA maintains an acceptance rate below 9%. This is attributed to its rigorous blind review process and stringent editorial standards, which have established JFQA’s reputation as a premier journal in the field.
The IBSS Department of Finance prepares students for careers in business and finance through student-centred education that combines cutting-edge financial knowledge, industry expertise and the development of key professional soft skills.
We maintain close connections with the corporate world through organisations and companies such as the Chartered Financial Analyst (CFA) Institute and Refinitive (formerly Thomson Reuters), in addition to IBSS corporate partners spanning a wide range of industries.
Department of Finance possesses an expert team of academic staff and full-time PhD students, as well as strong relationships with IBSS’s other departments that span teaching, interdisciplinary research and service. Our scholars are actively engaged in research related to Asset Pricing, Corporate Finance, and Financial Markets. Their research publishes in top international journals in finance and related fields, such as Journal of Finance, Journal of Financial Economics, Review of Finance, Journal of Accounting and Economics, Management Science, Journal of Econometrics and Journal of Financial and Quantitative Analysis.