Title 演讲题目：How did COVID-19 affect stock market expectations?

Presenter 演讲嘉宾：Yulia Merkoulova, Head, Department of Banking and Finance, Monash University

Host 主持人：吴文锋，上海交通大学安泰经济与管理学院金融学教授，上海交通大学文科处处长

Time 演讲时间：2024年4月17日 （周三）13:30-15:00

Participation method 参会方式：Onsite participation 线下现场参会 or Online participation 线上腾讯参会

Venue 演讲地点：安泰经济与管理学院A407

Enrolment  报名方式

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文章简介：We study how COVID-19 affects stock market return expectations for individuals. We compare expectations for the same persons in the period May-June of 2019 (pre-COVID), June 2020 (height of Covid), and July-August 2021 (aftermath of Covid). We find that respondents were more optimistic in both 2020 and 2021 even after correcting for recent realized returns. Financially literate individuals are less likely to change their return expectations over time compared to those with lower financial literacy. Government interventions, measured by the Economic Support Index, do not seem to play an important role.

嘉宾简介：Yulia Merkoulova is a Professor of Finance in the Department of Banking and Finance.Yulia completed her PhD at the Erasmus University Rotterdam. Before joining Monash University, she worked at the Erasmus University, University of Stirling and University of Glasgow. She also held visiting positions in the US and Canada. Yulia has extensive teaching and administrative experience, ranging from basic undergraduate to advanced PhD level. She supervised over 50 PhD, MSc and Honours student dissertations.

Yulia's main research interests are in corporate finance, behavioural finance, and derivatives. Her research was published in leading academic journals, including Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Journal of Banking and Finance, Financial Management, and Energy Economics. She presented her research at major national and international academic and practitioner conferences.