题目：Investment’s Sensitivity to Cash Flow – An Example of Creating a Research Paper
主讲人：Dr. Sophie Zong, Associate Professor in Finance, California State University, Stanislaus
时间： 2013 年 6 月 8 日 14:00
地点：主楼418室
内容摘要：
The sensitivity of capital expenditure to cash flow level of a corporation has been a long-lasting topic. The traditional view argues that capital expenditure will increase if a corporation has no difficulty to access needed funds. This implies that the capital expenditure will be lower if a corporation is financially constrained. However, this understanding has been proved biased where new evidence documents the sensitivity of capital expenditure to cash flow is a U-shaped curve. This presentation is to review the progress of research on this topic and what we know so far about this topic. In addition, this presentation is to address the issue of how to create a paper from finding the idea (topic) to final publication.
主讲人简介：
Sophie Zong is an Associate Professor in Finance at California State University, Stanislaus and Academic Advisor for students of finance Concentration and Project Coordinator in EMBA program. She received her Ph.D. in Finance at Kent State University, Kent, Ohio in 2006. She received her Master of Arts in International Finance at Graduate School of People's Bank of China in 1998. She teaches in the areas of business finance and Investments at the undergraduate and graduate levels. Her research interests are in corporate finance and international finance. She has published papers in Advances in Financial Economics: Innovations in Investments and Corporate Finance, International Finance Review, and Journal of Multinational Financial Management. Dr. Zong received Research Scholar and Creative Activities (RSCA) Grant of California State University Stanislaus in 2005 and 2007, and Dean’s Research and Publication Grant of College of Business Administration, CSUS in 2007, 2009, and 2011.