时 间：2022年11月22日（周二）13:30-15:00

地 点：史带楼502室

主 题：A Good Sketch is Better than A Long Speech: Evaluate Delinquency Risk through Real-Time Video Analysis

演讲者：张博辉 教授 Chinese University of Hong Kong, Shenzhen

摘 要：In this paper, we adopt an innovative strategy to assess borrowers’ creditworthiness in consumer credit markets. This new assessment strategy applies machine-learning based analyses on real-time video information that records borrowers’ behavior during the loan application process. We find that the extent of borrowers’ facial expressions of happiness is negatively associated with the likelihood of future loan delinquency. In contrast, such delinquency likelihood increases with the degree of fear expressions. These results are consistent with two economic channels relating to the adequacy and uncertainty of borrowers’ future income, drawn from the extant psychology and economics literature. Our study provides important practical implications for marketplace lenders and policymakers.

简 介：Bohui Zhang is the executive dean of School of Management and Economics, presidential chair professor of finance at The Chinese University of Hong Kong, Shenzhen, the associate director of Shenzhen Institute of Data Economy, the director of the Center for FinTech and Social Finance (SFI). He was also the professor of finance at UNSW Business School, UNSW Sydney, and the associate director of the Institute of Global Finance (IGF). He studies FinTech, the media, Chinese capital market, and international capital markets. His papers have been accepted for publication in the global top-tier finance, accounting, and business journals such as the Review of Financial Studies, Journal of Financial Economics, Journal of Accounting Research, Management Science, Journal of Financial Quantitative and Analysis. He is currently the associate editor of the Asia-Pacific Journal of Financial Studies and Journal of FinTech.