About carlaleong Leong Carla

This author has not yet filled in any details.
So far carlaleong Leong Carla has created 0 blog entries.
12 2025-02

FBA Seminar – Prof. Gang LI (UM Distinguished Visiting Scholar) — “The asymmetric and nonlinear effects of multi-dimensional distance on international tourism demand”

2025-03-12T00:00:59+08:00

Faculty of Business Administration (FBA) is pleased to invite you to the upcoming  “UM Distinguished Visiting Scholar Seminar” on Tuesday, 18 February 2025, and to have Prof. Gang LI as our speaker.

Seminar Details:

  • Title: The asymmetric and nonlinear effects of multi-dimensional distance on international tourism demand
  • Speaker: Prof. Gang LI, Professor, University of Surrey
  • Date: Tuesday, 18 February, 2025
  • Time: 10:30  – 12:00
  • Venue: E22-G004
  • Language: English

You can find more information at https://fba.um.edu.mo/seminars/ 

We look forward to your participation.

FBA Seminar – Prof. Gang LI (UM Distinguished Visiting Scholar) — “The asymmetric and nonlinear effects of multi-dimensional distance on international tourism demand”2025-03-12T00:00:59+08:00
10 2025-02

FBA Seminar – Prof. Andrew CHING (UM Distinguished Visiting Scholar) — “Exposure Bucks: The Value of Brand Audiences to Creators”

2025-03-10T00:01:00+08:00

Faculty of Business Administration (FBA) is pleased to invite you to the upcoming  “UM Distinguished Visiting Scholar Seminar” on Monday, 17 February 2025, and to have Prof. Andrew CHING as our speaker.

Seminar Details:

  • Title: Exposure Bucks: The Value of Brand Audiences to Creators
  • Speaker: Prof. Andrew CHING, Professor, Johns Hopkins University
  • Date: Monday, 17 February, 2025
  • Time: 10:00  – 11:30
  • Venue: E22-G004
  • Language: English

You can find more information at https://fba.um.edu.mo/seminars/ 

We look forward to your participation.

FBA Seminar – Prof. Andrew CHING (UM Distinguished Visiting Scholar) — “Exposure Bucks: The Value of Brand Audiences to Creators”2025-03-10T00:01:00+08:00
2 2024-12

FBA Seminar – Prof. Jun LIU (UM Distinguished Visiting Scholar) — “Arbitrage Free Factor Analysis of Term Structure”

2025-01-02T00:01:28+08:00

Faculty of Business Administration (FBA) is pleased to invite you to the upcoming  “UM Distinguished Visiting Scholar Seminar” on Monday, 6 December 2024, and to have Prof. Jun LIU as our speaker.

Seminar Details:

  • Title: Arbitrage Free Factor Analysis of Term Structure
  • Speaker: Prof. Jun LIU, Professor, University of California, San Diego
  • Date:Friday, 6 December, 2024
  • Time: 15:00  – 16:30
  • Venue: E22-G015
  • Language: English

You can find more information at https://fba.um.edu.mo/seminars/ 

We look forward to your participation.

FBA Seminar – Prof. Jun LIU (UM Distinguished Visiting Scholar) — “Arbitrage Free Factor Analysis of Term Structure”2025-01-02T00:01:28+08:00
18 2024-11

FBA Seminar – Prof. Anna S. MATTILA (UM Distinguished Visiting Scholar) — “Does the Ugly=Bad Stereotype Apply to Imperfect Produce? How To Overcome This Challenge?”

2024-12-18T00:00:18+08:00

Faculty of Business Administration (FBA) is pleased to invite you to the upcoming  “UM Distinguished Visiting Scholar Seminar” on Monday, 25 November 2024, and to have Prof. Anna S. MATTILA as our speaker.

Seminar Details:

  • Title: Does the Ugly=Bad Stereotype Apply to Imperfect Produce? How To Overcome This Challenge?
  • Speaker: Prof. Anna S. MATTILA, Marriott Professor of Lodging, The Pennsylvania State University
  • Date: Monday, 25 November 2024
  • Time: 10:30 – 12:00
  • Venue: E22-G015
  • Language: English

You can find more information at https://fba.um.edu.mo/seminars/ 

We look forward to your participation.

FBA Seminar – Prof. Anna S. MATTILA (UM Distinguished Visiting Scholar) — “Does the Ugly=Bad Stereotype Apply to Imperfect Produce? How To Overcome This Challenge?”2024-12-18T00:00:18+08:00
7 2024-10

FBA Seminar – Prof. Shuping SHI (UM Distinguished Visiting Scholar) — “Bubble Mitigation Policies: Counterfactual Analysis and Treatment Effect Inference”

2024-11-07T00:00:43+08:00

Faculty of Business Administration (FBA) is pleased to invite you to the upcoming  “UM Distinguished Visiting Scholar Seminar” on Wednesday, October 16, 2024, and to have Prof. Shuping SHI as our speaker.

Seminar Details:

  • Title: Bubble Mitigation Policies: Counterfactual Analysis and Treatment Effect Inference
  • Speaker: Prof. Shuping SHI, Professor, Macquarie University
  • Date: Wednesday, 16 October 2024
  • Time: 9:30 am
  • Venue: E22-G015
  • Language: English

You can find more information at https://fba.um.edu.mo/seminars/ 

We look forward to your participation.

FBA Seminar – Prof. Shuping SHI (UM Distinguished Visiting Scholar) — “Bubble Mitigation Policies: Counterfactual Analysis and Treatment Effect Inference”2024-11-07T00:00:43+08:00
5 2024-06

FBA Seminar – Prof. Runze LI (UM Distinguished Visiting Scholar) — “A New Test for high dimensional two-sample mean problems with consideration of correlation structure”

2024-07-05T00:00:39+08:00

Faculty of Business Administration (FBA) is pleased to invite you to the upcoming  “UM Distinguished Visiting Scholar Seminar” on Tuesday, June 11, 2024, and to have Prof. Runze LI as our speaker.

Seminar Details:

  • Title: A New Test for high dimensional two-sample mean problems with consideration of correlation structure
  • Speaker: Prof. Runze LI, Eberly Family Chair Professor in Statistics, The Pennsylvania State University
  • Date:Tuesday, 11 June 2024
  • Time: 3:00pm
  • Venue: E22-G008
  • Language: English

You can find more information at https://fba.um.edu.mo/seminars/ 

We look forward to your participation.

FBA Seminar – Prof. Runze LI (UM Distinguished Visiting Scholar) — “A New Test for high dimensional two-sample mean problems with consideration of correlation structure”2024-07-05T00:00:39+08:00
4 2024-06

FBA Seminar – Prof. Ming HU (UM Distinguished Visiting Scholar) — “Randomization in Product, Fulfillment, and Pricing as a Profit Lever”

2024-07-04T00:00:39+08:00

Faculty of Business Administration (FBA) is pleased to invite you to the upcoming  “UM Distinguished Visiting Scholar Seminar” on Tuesday, June 11, 2024, and to have Prof. Ming HU as our speaker.

Seminar Details:

  • Title: Randomization in Product, Fulfillment, and Pricing as a Profit Lever
  • Speaker: Prof. Ming HU, Distinguished Professor of Business Operations and Analytics, University of Toronto
  • Date: Tuesday, 11 June 2024
  • Time: 10:30 am
  • Venue: E22-G008
  • Language: English

You can find more information at https://fba.um.edu.mo/seminars/ 

We look forward to your participation.

FBA Seminar – Prof. Ming HU (UM Distinguished Visiting Scholar) — “Randomization in Product, Fulfillment, and Pricing as a Profit Lever”2024-07-04T00:00:39+08:00
3 2024-06

FBA Seminar – Prof. Liyan YANG (UM Distinguished Visiting Scholar) — “To Dissimulate or Not to Dissimulate? Insider Trading When Anticipating Future Information”

2024-07-03T00:00:37+08:00

Faculty of Business Administration (FBA) is pleased to invite you to the upcoming  “UM Distinguished Visiting Scholar Seminar” on Friday, June 7, 2024, and to have Prof. Liyan YANG as our speaker.

Seminar Details:

  • Title: To Dissimulate or Not to Dissimulate? Insider Trading When Anticipating Future Information
  • Speaker: Prof. Liyan YANG, Professor of Finance, University of Toronto
  • Date: Friday, 7 June 2024
  • Time: 10:00 am
  • Venue: E22-G008
  • Language: English

You can find more information at https://fba.um.edu.mo/seminars/ 

We look forward to your participation.

FBA Seminar – Prof. Liyan YANG (UM Distinguished Visiting Scholar) — “To Dissimulate or Not to Dissimulate? Insider Trading When Anticipating Future Information”2024-07-03T00:00:37+08:00
16 2024-05

FBA Seminar – Prof. Chen CHEN (UM Distinguished Visiting Scholar) — “How Does Non-Audit Service Benefit Audit Service? Evidence from Key Audit Matters”

2024-06-14T00:00:21+08:00

Faculty of Business Administration (FBA) is pleased to invite you to the upcoming  “UM Distinguished Visiting Scholar Seminar” on Wednesday, May 22, 2024, and to have Prof. Chen CHEN as our speaker.

Seminar Details:

  • Title: How Does Non-Audit Service Benefit Audit Service? Evidence from Key Audit Matters
  • Speaker: Prof. Chen CHEN, Professor in the Department of Accounting, Monash University
  • Date: Wednesday, 22 May 2024
  • Time: 10:00 am
  • Venue: E22-G015
  • Language: English

You can find more information at https://fba.um.edu.mo/seminars/ 

We look forward to your participation.

FBA Seminar – Prof. Chen CHEN (UM Distinguished Visiting Scholar) — “How Does Non-Audit Service Benefit Audit Service? Evidence from Key Audit Matters”2024-06-14T00:00:21+08:00
11 2024-04

UM Distinguished Visiting Scholar Seminar — “Long-Term Earnings Forecasts, Sentiment Manipulation and Stock Returns”

2024-05-11T00:01:11+08:00

Dear Colleagues and Students,

Faculty of Business Administration (FBA) will host the “UM Distinguished Visiting Scholar Seminar” on 17/04/2024 (Wednesday) and is pleased to invite Prof. Allaudeen HAMEED as the speaker.

Title: Long-Term Earnings Forecasts, Sentiment Manipulation and Stock Returns
Speaker: Prof. Allaudeen HAMEED, Tang Peng Yeu Professor in Finance, National University of Singapore (NUS), Singapore

Date: Wednesday, 17 April 2024
Time: 10:00 am
Venue: E22-G015
Language: English

Abstract:

We document that the negative relation between long-term expected earnings growth (LTG) and future stock returns is amplified by managerial manipulation of earnings. We isolate the price effects of manipulation from biased investor extrapolation of LTG using the inter-segment distortion of earnings in conglomerates. The underperformance in high LTG conglomerates is particularly pronounced in firms that manipulate segment earnings, with an annual alpha of -10% for high-minus-low LTG firms. This predictive effect accentuates under conditions of high shorting constraints or positive investor sentiment. Difference-in-difference analyses, leveraging SFAS 131 disclosure requirements, reveal analysts’ forecasts of LTG are unaffected by segment-level profit distortions in conglomerates, distinguishing overpricing due to managerial manipulation from over-extrapolation of LTG. Consistent with the sentiment effects, mutual funds increase their active holdings in these manipulated conglomerates and experience subsequent long-term underperformance.

Speaker’s Bio:

Prof. Allaudeen Hameed is Tang Peng Yeu Professor in Finance at the National University of Singapore (NUS) Business School. He served as the Head of Finance Department at NUS for many years. Hameed has also held visiting positions at the Chinese University of Hong Kong, University of North Carolina at Chapel Hill and the University of Texas at Austin. Prof. Hameed`s research interests include return-based trading strategies, stock return co-movement, liquidity, role of financial analysts and international financial markets. His research work has been published in top finance journals such as The Journal of Finance, Journal of Financial Economics, The Review of Financial Studies, The Journal of Financial and Quantitative Analysis, Review of Finance, and Management Science. He is Associate Editor of the Journal of Financial and Quantitative Analysis and Senior Fellow of Asian Bureau of Finance and Economic Research (ABFER). He also served on editorial boards of several other academic journals including: Financial Management (Associate Editor), International Review of Finance (Editor), Pacific-Basin Finance Journal (Associate Editor), Journal of Applied Finance (Associate Editor), and Asian-Pacific Journal of Financial Studies.

Best Regards,
Faculty of Business Administration

UM Distinguished Visiting Scholar Seminar — “Long-Term Earnings Forecasts, Sentiment Manipulation and Stock Returns”2024-05-11T00:01:11+08:00
© University of Macau
Go to Top