The FIRN PhD Student Brown Bag Network Committee is hosting fortnightly Brown Bag Seminars during 2021 targeted to Finance PhD students from our member institutions. 

Each seminar* consists of an informal presentation of research at all stages, followed by a discussion and a Q&A session. This provides a great opportunity for PhD students to practice and get relevant skills for their upcoming career as well as create valuable connections with potential future colleagues. Presenters and discussants will receive certificates that accredit their contribution. The participants will also have a chance to win a $100 random prize at the end of the year.

If you would like to present your current research work or serve as a discussant, please fill out the EOI form. Additionally, registration is required for all seminar participants. Registration can be done by clicking on the link below each seminar you would like to attend. All sessions are held via zoom and a zoom link will be sent to those who register.

HDR students are also encouraged to register here to receive updates about incoming seminars and events. If you need further information, please contact the FIRN PhD Student Brown Bag Network Committee by email via

*Brown Bag Seminars are held on the second and fourth Tuesdays of every month between 11:00-12:00pm (AEST).

Upcoming Brown Bag Seminars

Tuesday 14 September, 11am (AEST)
Presenter: Huimin Guo, PhD student, Macquarie University
Title: Regulation, multiple government shareholders and the risk-reducing effect of corporate derivative use: A perspective from Chinese political hierarchy

Abstract: The derivative use in Chinese state-owned enterprises (SOEs) is disciplined by both government regulations and corporate governance mechanisms. This study investigates the role of non-controlling government shareholding in corporate derivative use by local SOEs. We find that a non-controlling government shareholder with a higher hierarchical level relative to the controlling shareholder, (i.e., a higher-level government shareholder) increases the risk-reducing effect of derivative use in a local SOE by 108.65% compared to a local SOE without a higher-level government shareholder. The influence of a higher-level government shareholder increases with its investment horizon and relative power to the controlling shareholder. In a difference-in-differences test, we find that a higher-level government shareholder improves the risk-reducing effect of derivative use after governments strengthened the supervision on SOEs’ derivative use, suggesting that a higher-level government shareholder plays a governance role by enhancing the regulatory compliance of SOEs. In addition, this governance role is more pronounced in firms with weaker monitoring over managerial activities. Our results suggest that the hierarchical level of government shareholders is important in explaining their role in corporate governance and the presence of a higher-level government shareholder can effectively improve regulatory enforceability.
Discussant: Linxiang Ma, PhD student, University of Melbourne
Moderator: Yaoyi Tao, PhD student, Monash University
register here