主持人： 喻    洋 副教授 上海交通大学安泰经济与管理

时    间： 2026年4月13日（周一）10:00-11:30

地  点:  讲座将线上举办，腾讯会议：https://meeting.tencent.com/dm/99XrLm63chmD 腾讯会议：496584237 会议密码：666666

内容简介：This paper studies how shocks to government stewardship are reflected in capital markets, using police-involved killings as salient public events. Using bond-level data from the U.S. municipal primary market from 2000 to 2019, we show that police-involved killings increase municipal bond offering spreads. Instrumental variable estimates imply that one additional fatal encounter in the prior 12 months raises spreads by about 6 basis points, with larger effects for incidents receiving greater media coverage. These responses reflect heightened fiscal risk, weakened confidence in local stewardship, and social disruption amplified by local investor exposure, extending the economic consequences beyond litigation and settlement costs.

演讲人简介：Wei Long is an associate professor of economics at Tulane University. He received BA in accounting from Renmin University of China and Ph.D. in economics from Texas A&M University. His research interests are financial econometrics and public economics. His works have been published in leading journals including Journal of Econometrics, Econometric Theory, Journal of Public Economics, Journal of the American Statistical Association, and Journal of Economic Behavior & Organization.