| 主讲人 |
Tracy Yue Wang |
简介 |
<p>This study examines how large swings in societal sentiment toward diversity, equity, and inclusion (DEI) influence racial discrimination in U.S. mortgage lending. Using the Black–White mortgage interest rate gap in government-sponsored enterprise (GSE)–guaranteed loans as a measure of discrimination, we document an immediate, significant, and persistent decline in the gap following the murder of George Floyd (GF) in May 2020. The social reckoning prompted more lenders to take pro-DEI stances, and competitive pressure from these lenders contributed to a broader and more durable decline among other lenders. Despite subsequent political backlash and widespread anti-DEI legislation after 2022, the racial loan rate gap continued to narrow and effectively disappeared by 2024. Our findings indicate that competitive dynamics play an important role in sustaining the decline in discriminatory pricing. Overall, the results suggest that even amid sharp shifts in public sentiment and legislative environments, the impact of a major social awakening—reinforced by lending market competition—can meaningfully and enduringly mitigate racial discrimination in mortgage lending.</p> |
| 时间 |
2025-12-23 (Tuesday) 16:40-18:00 |
地点 |
Room N302, Economics Building |
| 讲座语言 |
English |
主办单位 |
厦门大学经济学院、王亚南经济研究院、邹至庄经济研究院 |
| 承办单位 |
经济学院金融系 |
类型 |
系列讲座 |
| 联系人信息 |
陈老师2185109，xiaohongchen@xmu.edu.cn |
主持人 |
Dongxu Li |
| 专题网站 |
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专题 |
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| 主讲人简介 |
<p>Tracy Yue Wang is currently John Spooner Professor of Finance and the chairperson of the Finance Department at the Carlson School of Management at the University of Minnesota. Outside the university, Tracy currently serves as an editor for Journal of Corporate Finance and an associate editor for Review of Corporate Finance Studies.</p>
<p>Tracy’s research expertise is in corporate governance and behavioral finance. Her current research focuses on the impact of prominent societal trends such as increasing attention to ESG, DEI, income inequality and increasing polarization in ideology on financial markets, corporate finance and corporate governance. She has also established expertise in research related to corporate securities fraud, securities market regulation, and the value impact of management. Tracy has published extensively in premier finance, accounting, and economic journals and is regularly quoted by the business press. </p> |
期数 |
厦门大学人文社会科学至善大讲堂暨金融名家论坛2025-2026学年秋季学期第5讲（总第88讲） |
