6月8号下午，美国霍普金斯大学金融学助理教授孙娴博士应管理与经济学院的邀请，作了题为“Internal vs. External Control of Agency Cost of Debt: A Contracting View”的学术报告。

　　为了解决债务成本的代理人问题，股东对薪酬合同和债务合同二者之间有选择行为，从理论上推导出债权人友好型的薪酬合约与严厉的债务合约呈现负相关关系，薪酬合约与债务合约存在取舍关系，并通过实证分析验证了上述关系。

　　主讲人简介： Dr. Sun is an assistant professor in Finance at Carey Business School of Johns Hopkins University. After Dr. Sun received her PhD in finance from Rensselaer Polytechnic Institute in 2006, she worked for US Treasury, the Office of the Comptroller of the Currency, the supervisor of US national banks for 3 years where she was promoted to the position of senior Financial Economist. She has published in prestigious financial journals such as Journal of Financial Quantitative Analysis, Journal of Banking and Finance, Journal of International Money and Finance, and Journal of Corporate Finance.  Her research interests include emerging markets, cross-border M&As, creditor rights and CEO compensation.