【讲座时间】2024年10月22日 14:00
【讲座地点】会计学院108室
【讲座主题】Lifting the Shadows: Tax Haven Crackdown and Loan Sales
【嘉宾介绍】李东辉，深圳大学经济学院会计与金融学教授
李东辉，深圳大学经济学院会计与金融学教授，其研究重点是公司财务和资本市场。他的文章发表在顶级会计和金融期刊论文：Journal of Finance, Journal of International Business Studies, Journal of Financial and Quantitative Analysis. 此外，他的文章还出现在以下国际知名的会计和金融期刊上： Journal of Corporate Finance (8篇)，Journal of Banking and Finance (5篇)。他还担任许多期刊的审稿人，包括：Journal of Banking and Finance, Journal of Risk and Insurance, Financial Management, Accounting and Finance.
他担任以下学术期刊的客座编辑：Pacific-Basin Finance Journal, British Accounting Review, Accounting and Finance。此外他还主持过澳大利亚国家研究基金和中国国家自科基金（2次）。
他是全球政策研究所和智囊团高度引用的学者（例如，世界银行7次、国际货币基金组织3次、经合组织2次、德意志联邦银行1次等）。他被“爱思唯尔，Scopus”提名为2021年和2023年“高被引中国学者”。他的研究政策建议已被“中国国家政府”接受（5次）。
【内容提要】
Based on a sample of the listed 1,456 Chinese State-owned Enterprises (SOEs) with 33,242 firm-year observations spanning the years 2010 to 2023, by manually tracking top executives’ (Chairmen and CEOs) subsequent employment records, we have found that their past ESG performance facilitates their future promotion (e.g., political promotion, or working in a larger firm, or having a higher position or higher pay). It has also been documented that there is a reduced pay for both financial and ESG performance sensitivity for executives with political promotion, and SOE’s better financial performance can strengthen the positive impact of ESG performance on top executive promotions. Furthermore, we conduct three moderating analysis and find that external attention by financial analysts can attenuate this impact except for political promotion, while corruption governance can also attenuate this impact especially for political promotion. Meanwhile, provincial environmental governance plays a positive moderating role. After a full range of heterogeneity analysis, interesting differential results enrich our findings. Overall, our results suggest that SOEs’ ESG performance enhances top executives’ labor market potentials.
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