台湾清华大学科技管理学院特聘讲座教授Michael McAleer(计量经济学等)10.31在线访谈

坛友Galoisagain：
Mike教授，您好！
您原来曾经创办运营过很多学会，IETI这个学会和以前的那些学会相比，它的特点是什么？
您期望IETI学会能够达到什么样的水平？
谢谢您！

资料狂人 发表于 2016-10-30 17:15
坛友iwwmy：
你好，我一个问题。
我是计量经济方向的，毕业论文打算写金融风险相关的内容，请问目前主流的 ...

Response:

This is an excellent question.

Many leading econometricians are doing research in financial econometrics because of interesting technical issues that arise from using high frequency tick data, and even nano-tick data.

Investment finance is far more technical that corporate or behavioural finance.

Corporate finance is virtually the same as industrial organization in economics, which seeks to maximize the profits of the corporate sector, whereas corporate finance seeks to examine how to maximize the stock value of the corporation.

资料狂人 发表于 2016-10-30 17:15
坛友lzguo568：
HI Michael McAleer professor
计量经济学和金融工程交叉点在哪里？学习计量经济学必须要 ...

Response:

This is another excellent question.

Financial Engineering is very similar to Financial Econometrics, possibly with some Operations Research issues thrown in.

Econometrics and statistics are essential for undertaking research in financial engineering.

Stochastic processes are very useful in understanding the technical issues in both econometrics and financial engineering.

资料狂人 发表于 2016-10-30 17:15
坛友864800665：
你好，我现在在读金融工程本科，金融工程着重于设计金融衍生品和金融产品的交易策略的设计 ...

This is yet another excellent question.

The design and implementation of financial products and derivatives is still at a relatively early stage in china.

Financial Engineering in China will develop significantly in the coming years, and is an excellent area for research, both academic and from a practical financial perspective.

Please also refer to my responses to the earlier questions.

资料狂人 发表于 2016-10-30 17:15
坛友caoyong1973ok：
Mike教授，你好！以前，经济管理类科学在中国基本被划为文科类科学，从事这些领域研究 ...

Thank you for your several excellent questions.

Economics is both a social science and a business discipline, whereas finance is undoubtedly a business discipline, and is nearly always in a Graduate School of Business.

Economics can be in either social science or a Graduate School of Business.

Econometrics and statistics are both crucial for the studying and analysis of both economics and finance.

Experimental data, o numerical simulations, are increasingly and widely used in experimental economics.

However, both economics and finance are supposed to deal with the real world, so real world (that is, actual) data are essential.

资料狂人 发表于 2016-10-30 17:15
坛友chenxinrong：
Mike教授，您好！

1. This is a prescient and challenging question.

Top research requires a lot of hard work.

Einstein has been quoted as saying that: "genius is 99% perspiration and 1% inspiration."

I agree with his penetrating insights.
.
One needs to work very hard, read the literature, and have good colleagues and co-authors, especially in the medical, physical and natural sciences, where team research is essential.


2. IETI was essentially the brainchild of Dr Xiaoguang Yue, and he kindly invited me to contribute to its creation.

Details are available at:

http://www.ieti.net/list.html

and I would encourage you to join the institute, which will grow rapidly and successfully in the coming years.

Members from China will constitute and important part of the growth and significance of IETI.


3. My understanding is that ICEFS and any other conference organized by IETI is professional and international.

In 2017, IETI conferences will be held in mianland china, Hong Kong and Thailand.

My understanding is that each of these conferences will have professionally edited and reviewed conference proceedings volumes, which will be published by a reputable international publisher.

Each of the conference proceedings will also be submitted to Thomson Reuters ISI for possible inclusion in the CPCI.

In 2016, our ICEMI was indexed by CPCI: http://www.ieti.net/news20161027.html

I hope you will be able to attend at least one of these conferences.

资料狂人 发表于 2016-10-30 17:15
坛友瓦西里吖：
McAleer，你好。关于贸易保理的操作风险上存在的操作风险如何更好的去规避？风控人员又应该 ...

Response: This is an excellent question.

You need to define the operational risks, which cannot be avoided in total, but can be mitigated with sensible and technical trading rules and risk analysis, modelling, evaluation and forecasting.

Risk cannot be eliminated, but they can be monitored and incorporated into optimal decision making.

There are numerous textbooks and monographs available on the internet if you type "operational risks of trade factoring".

资料狂人 发表于 2016-10-30 17:15
坛友Galoisagain：
Mike教授，您好！
您原来曾经创办运营过很多学会，IETI这个学会和以前的那些学会相比， ...

This is another excellent question.

This is a challenging practical question to answer.

Risk management and risk modelling, and portfolio analysis and risk strategies, are crucial components of enterprise internal control, as well as risk prevention and control.

It is essential to have a clear understanding of the risks that any corporation might face, and to have appropriate models and risk strategies in place for measuring, monitoring, managing and forecasting risks, so that they might be understood.

It is very difficult to control risk, but the can be mitigated with a clearer understanding of the underlying issues.

There are many useful practical textbooks and monographs on the internet if you type: "enterprise internal control and risk prevention and control".

Further issues:

At the risk of criticism of self promotion, if any student were to be interested in my research topics, they can find what I have been doing at the following webpages:


View IETI Distinguished Fellows page:
http://www.ieti.net/DFMcAleer.html

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View research and downloads on my SSRN Author page:
http://ssrn.com/author=375743

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View research and rankings on my RePEc Author page:
http://ideas.repec.org/e/pmc90.html

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View research and citations on my ISI Author page:
http://www.researcherid.com/rid/A-2407-2008

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View research and citations on my Google Scholar Author page:
http://scholar.google.com/citations?hl=en&user=pK01jfoAAAAJ&view_op=list_works&is_public_preview=1

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View research and citations on my SCOPUS Author page:
http://www.scopus.com/authid/detail.url?authorId=24370074800

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View research and citations on my Microsoft Academic Search Author page:  
http://academic.research.microsoft.com/Author/293400/michael-mcaleer

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View research and citations on my ResearchGate Author page:
https://www.researchgate.net/profile/Michael_McAleer