Free Lecture： Adverse selection vs. moral hazard: Finance applications

The financial crisis exposed numerous flaws in the global financial regulatory structure. What regulations best balance stability of the financial system without incentivizing excess risk taking and greater exposure for taxpayer bailouts? Join us for Dr. Michael Faulkender’s Lecture on March 12th: "Adverse selection vs. moral hazard: Finance applications".

Dear Executives and Professionals,

We are pleased to extend to you an invitation to the lecture of Dr. Michael Faulkender isAssociate Professor and Director of the Masters Program in Finance at the University of Maryland's Robert H. Smith School of Business on Wednesday March 12th, 2014. The topic is "Adverse selection vs. moral hazard: Finance applications"

Date: Wednesday, March 12th

Registration: 7:00 pm – 7:30 pm

Time: 7:30 pm – 8:30 pm

Location: Beijng’sChang’An Club 10 East Chang An Avenue

Refreshments will be provided

Dress code: business attire or smart casual

Please RSVP to http://www.rhsmith-umd.cn/emba_20140312.html​ before Wednesday March 10th , if you plan to attend.

Professor Introduction:

Michael Faulkender

Associate Professor and Director of the Masters Program in Finance

Michael Faulkender’s research focuses on empirical corporate finance in the areas of capital structure, risk management, corporate liquidity, and executive compensation. His work has been published in theJournal of Finance, Journal of Financial Economics, and Review of Financial Studies and has been cited in the Wall Street Journal, Washington Post, and The New York Times. He was awarded the Barclay’s Global Investors / Michael Brennan Best Paper Award in theReview of Financial Studies in 2013, was runner up for that prize in 2006, and won the Jensen Prize for Corporate Finance – Second Prize in the Journal of Financial Economics in 2013. Professor Faulkender teaches classes in the MBA, Master of Finance, and EMBA programs at the Smith school.