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金融工程研究中心学术报告：Green stimulus, dynamic cash management and corporate investment
- 来源：
- 学校官网
- 收录时间：
- 2026-03-17 19:21:13
- 时间：
- 2025-12-11 15:30:00
- 地点：
- 览秀楼105
- 报告人：
- 李丹萍
- 学校：
- 苏州大学
- 关键词：
- green stimulus, cash management, corporate investment, fiscal policy, sustainable finance, singular control
- 简介：
- We study a continuous-time green fiscal stimulus problem for a firm at different levels of green investment. The firm can access government loans up to a maximum limit and balance the trade-off between shareholders’ benefits and its environmental responsibility to optimize cash management and investment policies. This framework involves a challenging singular control problem of a two-dimensional degenerate diffusion system but enables a unified analysis of the marginal value of government spending and the impact of loan availability on both brown and green firms. We provide theoretical insights into the lower dividend payments and higher take-up of loans for greener firms relative to brown firms. The model predictions together with the numerical results have implications for how policymakers can prioritize green spending and plan green stimulus programmes.
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报告介绍：
We study a continuous-time green fiscal stimulus problem for a firm at different levels of green investment. The firm can access government loans up to a maximum limit and balance the trade-off between shareholders’ benefits and its environmental responsibility to optimize cash management and investment policies. This framework involves a challenging singular control problem of a two-dimensional degenerate diffusion system but enables a unified analysis of the marginal value of government spending and the impact of loan availability on both brown and green firms. We provide theoretical insights into the lower dividend payments and higher take-up of loans for greener firms relative to brown firms. The model predictions together with the numerical results have implications for how policymakers can prioritize green spending and plan green stimulus programmes.
报告人介绍：
李丹萍，华东师范大学统计学院教授，博士生导师，入选上海市“晨光计划”“东方英才计划青年项目（原上海市青年拔尖人才）”。主要研究方向为保险精算、金融数学、金融工程，在Mathematical Finance、Mathematics of Operations Research、Journal of Economic Dynamics and Control、Insurance: Mathematics and Economics、SIAM Journal on Financial Mathematics等国内外权威期刊发表学术论文40余篇，出版专著1部，撰写的专报获中央及省部级领导批示采纳。主持国家自然科学基金项目2项，荣获第八届高等学校科学研究优秀成果奖（人文社会科学）二等奖、天津市优秀博士学位论文等。担任中国优选法统筹法与经济数学研究会量化金融与保险分会副秘书长。
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