Retail investors have become more vocal in pressuring firms to improve their environmental performance, yet little is known about whether and when firms respond to these pressures. We conduct a field experiment on investor online platforms where we inject investor pressure by posting requests for en

Institutional investors often simultaneously hold large stakes in same-industry firms (hereafter common ownership). This study intends to explore the implications of common ownership for incentive contracting by examining the relation between common ownership and peer selection in relative performan

This study examines whether improved environmental, social, and governance (ESG) transparency enhances firms’ competitiveness for foreign government procurement contracts. Exploiting the staggered adoption of mandatory ESG disclosure requirements across countries, we find that, following the ESG

【讲座时间】2023年11月21日 14:00 【讲座地点】会计学院108室【讲座主题】人工智能、算法、另类数据与会计研究：“计算机+会计”=？【嘉宾介绍】李晓荣，上海交通大学安泰经济与管理学院讲师，博士 复旦大学计算机软件与理论专业博士。李老师长期从事基于信息技术的会计学、金融学研究，形成“经济含义智能化计量”系列性研究成果，该系列研究成果相关的信息技术有人工智能、自然语言处理、大数据、云计算等，在Management Science,International Review of Financial Analysis,Accounting Horizons等期刊发表多篇论文，另有两篇工作

Relying on labor unrest as shock to local social stability, we show that state-owned enterprises (SOEs) react to nearby unrest by creating additional employment at the expense of firm productivity. Such effect is larger when labor unrest is in the exposed SOEs’ industries, local fiscal budgets a

We study how socially responsible investors (SRIs) affect information incorporation in price. We find that a higher level of socially responsible institutional ownership results in a lower level of informativeness of current returns on future earnings. Using an exogenous shock to SRI ownership

We examine whether and how mandatory carbon disclosure affects the transmission of carbon emissions through a firm’s global supply chain. Using the 2013 UK carbon disclosure regulation that mandates the reporting of Scopes 1 and 2 emissions (from firms’ own activities and purchased energy) but n

This study is to examine whether small investors’ social media activity is helpful for predicting subsequent bond credit spreads. We use extensive data of posts/comments on the internet stock message board – EastMoney Stock Forum thirty days prior to bond issuance announcement date to identify its p

Using individual-level credit card data, this paper investigates the effectiveness of a consumer financial regulation aiming to reduce household unsecured debt accumulation. A non-binding penalty of suspending all existing unsecured credit for heavily indebted individuals induces the credit card rev

Studying key events related to the repeal of Dodd-Frank policies we find that banking deregulation can create shareholder value. We document positive stock returns for banks around these events. The returns are larger for small banks with assets below $10 billion suggesting that their shareholders e

【讲座时间】2023年9月4日 14:00 【讲座地点】会计学院108室【讲座主题】国际财务报告准则的发展与启示【嘉宾介绍】陆建桥，现为国际会计准则理事会理事。在担任国际会计准则理事会理事之前，曾经在财政部会计准则委员会、财政部会计司工作，长期从事中国会计准则的研究、制定、国际趋同和对外交流工作。

讲座时间2023年09月02日（周六），17:30-19:30讲座主题士魂商才，CFO的能力塑造嘉宾