27 December, 2013
The Liberal Art University in Hong Kong
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Research and academic activities

On 6 December, Prof Manju Puri, J B Fuqua Professor of Finance, Fuqua School of Business, Duke University and Vincent Woo Distinguished Visiting Scholar 2013/14 of Lingnan University, was invited to give a the public lecture entitled “Understanding Bank Runs”.

The possibility of bank run is the most significant risk of a fractional reserve banking system, as it can destabilise the banking system and create downward pressure to the real economy. During the lecture, Prof Puri offered evidence and insights to understand the effectiveness of deposit insurance, role of social networks, bank-depositor relationships and bank capital structure in influencing depositor propensity to run. The underlying dynamics of bank runs were also explained.

Another seminar on “Loan Officer Incentives and the Limits of Hard Information” was delivered by Prof Puri on 9 December. The seminar was co-hosted by the Department of Finance and Insurance and Hong Kong Institute of Business Studies.

Prof Manju Puri earned her PhD in Finance from Stern School, New York University in 1995, and then joined the faculty of the Stanford Business School. She moved to Fuqua in 2003. Prof Puri’s expertise is in the area of financial intermediation and empirical corporate finance, with focus on commercial banks, investment banks, venture capital, entrepreneurship, asset pricing and managerial decisions. Her research has won multiple awards and appeared in publications such as Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Business and American Economic Review.