The Essex Finance Centre (EFiC) warmly invites you to join Dr Sarah Wang, Associate Professor in Finance at Warwick Business School as she discusses employees concerns about default risk increases in Credit Swap Default firms.
14:00 - 16:00
Dr Sarah Wang, Associate Professor in Fiance at Warwick Business School
Lectures, talks and seminars
EFiC Research Seminar Series
Essex Business School
Nikolaos Vlastakis firstname.lastname@example.org
This seminar brought to you by the Essex Finance Centre warmly welcomes Dr Sarah Wang from Warwick Business School where she will present her research on Credit Default Swaps (CDS) firms. The aim of this seminar is to explore CDS firms and the human capital risk involved with increases in default risk.
Employees are concerned about their human capital risk when there are increases in default risk for Credit Default Swaps (CDS) firms.
We find that CDSs increase employee compensation for both non-executive and executive workers. The positive effect increase with employee's bargaining power and their expected exposure to unemployment risk.
the growth of CEO compensation is mainly driven by performance-sensitive pay with higher vega in compensation structure. In addition, CDSs increase labour welfare, particularly for cash profit sharing and health and safety conditions.
These findings are consistent with the increase concerns on human capital risk and enhanced interest-alignments between shareholders and employees from CDS firms.
This event is free to attend. Please bring along you friends, colleagues and classmates.
Dr Sarah Qian Wang is an Associate Professor of Finance at Warwick Business School.
She joined Warwick Business School in 2012 and holds a Ph.D in finance from the University of Hong Kong. She also holds a MSc in Economics and Finance from the University of Bristol and Bachelor of Finance from Northwest University in China.
During her Ph.D studies she spent one year as a visiting scholar at NYU Stern.
Sarah's current research interests include;
She has presented her research at conferences organised by the American Finance Association (AFA), the American Economic Association (AEA) and the European Finance Association (EFA).
She has received the best paper awards from