博彩平台

讲座时间：2024年3月29日15:30-17:30

讲座地点：东校区财科馆318（原EMBA教室）

报告一

题目：Global Evolution of Environmental and Social Disclosure in Annual Reports

Abstract: We study environmental and social (E&S) disclosures in annual reports. Using the word embedding model to examine over 210,000 annual reports from 24,271 public firms in 30 international countries/regions between 2001 and 2020, we create an E&S dictionary that allows us to document trends in annual report E&S disclosure. Specifically, we find: 1) increases in length, boilerplate language, and the use of infographics, and 2) decreases in specificity. Our results also suggest that E&S disclosure quality improves after the adoption of voluntary ESG reporting frameworks but deteriorates after disclosure mandates. Our findings provide systematic evidence on the evolution of E&S disclosures in annual reports over the past two decades and shed light on how voluntary and mandatory standards have jointly shaped global E&S reporting practices.

报告人：申睿 副教授

Rui Shen is an Associate Professor in Accounting at the School of Management and Economics, Chinese University of Hong Kong, Shenzhen. Rui received his Ph.D. in Accounting from Hong Kong University of Science and Technology. Before joining the Chinese University of Hong Kong, Shenzhen, Rui taught and conducted research at Erasmus University and Nanyang Technological University.

Rui’s main research interests are capital market, corporate finance, financial analysts, and information disclosure. His research has been published in top journals such as Review of Financial Studies (RFS), Review of Accounting Studies (RAS), Journal of Financial and Quantitative Analysis (JFQA), Strategic Management Journal (SMJ), The Accounting Review (TAR), etc.

报告二

题目：Does Provincial Gambling Culture Affect Corporate Innovation? Evidence from China

Abstract: We examine the impact of provincial gambling culture on the local firms’ R&D expenditure. We find that local gambling culture, measured by the regional lottery sales revenue per capita, promotes local firms’ R&D expenditure. Our result is robust to endogeneity corrections using the 2SLS approach, controlling for firm fixed effects and the neighbouring regional gambling culture. The mechanism test reveals that the provincial gambling culture affects corporate innovation by increasing the local firms’ managers’ risk-taking attitude. Moreover, the moderation tests show that local social trustworthiness, local GDP growth, and economic policy uncertainty positively impact our main finding. Our result is more pronounced for firms with high risk-taking behaviour and non-SOEs. Finally, the provincial gambling culture produces low innovation outcomes but results in high innovation quality in the long run.

Keywords: Provincial gambling culture; Corporate innovation; R&D; Patents; China

报告人：武霁 副教授

Ji (George) Wu is an Associate Professor in Finance at the School of Economics and Finance, Massey University (Albany). George received his PhD in Finance from Lincoln University, New Zealand, in 2012. Before joining Massey University, George, as an assistant professor in finance, taught and researched at the Institute for Financial & Accounting Studies, Xiamen University, from Oct. 2012 to Feb. 2017.

George’s research interests focus on but are not limited to studies in the China Capital markets, Financial Anomalies, Empirical Asset Pricing, and issues in corporate finance and corporate behavioral decision-making.  George’s research has been widely published in international refereed journals, such as the Journal of Banking & Finance, Journal of Business Ethics, Energy Economics, Technological Forecasting and Social Change, Finance Research Letters, International Review of Economics and Finance, International Review of Financial Analysis, Emerging market Finance & Trade, and among others.