Research Presentations (5 of 5) - Acharya, Shi, Zhao
RSVP Required by 5PM May 29
In this session of the Shorenstein APARC Corporate Affiliate Visiting Fellows Research Presentations, the following will be presented: Niranjan Acharya, "Follow-on Biologics - Oppoertunities and Challenges in the U.S. Market The pharmaceutical market in the United States is the largest in the world. Currently, the percentage of GDP spending towards healthcare is the highest and is expected to be on the rise in coming years. As a result, it is imperative to look for avenues to reduce the burden on the system. When compared to the overall pharmaceuticals market, biologics though, garner a miniscule share in prescriptions. However, this equates into 15% of the market value, which is high compared to the number of prescriptions. In his presentation, Acharya suggests biologics as one of the options to reduce the cost of healthcare spending and attempts to understand the overall opportunities and challenges for follow-on biologics in the United States. Xiaoyuan Shi, "Emerging Trends of Internal Audit in Risk Management" The business world is becoming increasingly complex due to new, evolving and emerging risks. Organizations are giving risk management more consideration, internal auditors are finding they can play important roles in risk management and may become a powerful promoter of enterprise risk management practices. How can internal auditors shape their future? In her presentation, Shi will introduce current internal audit activities and provide some insight into the direction of how internal auditors expect to perform in the coming years. Shi will also provide her analysis of what is and what should be the role of internal audit in risk management. Guoqiang Zhao, "What Can China Learn from the U.S. Financial Crisis?"The 2007-09 financial crisis triggered by the burst of the housing bubble proved to be the worst since the Great Depression of the 1930s. As boom and bust repeated periodically, Zhao has tried to find out the vulnerabilities in both the private and public sector that caused this recent crisis to be so devastating. Zhao shares recommendations for the reform of the Chinese financial system.