主讲人：孙琪副教授（上海财经大学）

主持人：熊泽源助理教授（辽宁大学中国经济研究院）

嘉宾介绍：何超副教授（辽宁大学中国经济研究院）

时间：2026年10月23日（周五） 14：00-15：30（北京时间）

地点：辽宁大学蒲河校区经济学部大楼547会议室

语言：中文/英文

摘要：We study debt secured by machines used for artificial-intelligence computation. Their residual value depends on the supplier’s subsequent technology and sales choices, so anticipated obsolescence reduces debt capacity and investment. A supplier residual-value guarantee expands debt capacity but also commits the supplier to introduce a less advanced successor and sell fewer units. The withheld units are a deadweight loss, making the supplier privately the cheapest guarantor but socially the most costly.

主讲人简介：

Qi Sun is an Associate Professor of Finance at Shanghai University of Finance and Economics. He obtained his PhD in USC in 2014. His research interests include corporate finance, macro-finance, fintech, and the digital economy. His recent work studies the financing of artificial intelligence, platform credit, and financial intermediation.His work has been published in top journals in the field of finance and economics, such as JFE, JFQA, EJ, andJEEA.