德勤－复旦会计论坛系列讲座之一百四十三
时间：2018年5月18日（周五）下午14：00
地点：史带楼604室
主持人: 倪晨凯 副教授
Speaker：Chang Xin (Nanyang Technological University)
Title：Political Corruption and Financial Reporting Conservatism
Bio：Xin Chang (Simba) is an Associate Professor at Nanyang Business School of Nanyang Technological University. His research focuses mostly on corporate finance, especially capital structure, innovation, corporate social responsibility, mergers and acquisitions, and equity valuation. His research articles have appeared in leading journals in finance and accounting, such as Journal of Finance, Journal of Financial Economics, Review of Financial Studies, and The Accounting Review.
Abstract：Using local political corruption data in China, we find that firms in more corrupt areas exhibit higher financial reporting conservatism than firms in less corrupt areas. The results are robust to including a range of controls and to using a natural experiment from recent anti-corruption campaigns in China. Further analysis reveals that the positive effect of local political corruption on reporting conservatism is stronger when firms are more likely to be expropriated by corrupt officials. Collectively, these findings suggest that through adopting more conservative financial reporting policies, firms manage earnings and net worth downward to shield their business from expropriation by corrupt local officials.
会计学系
2018-5-15
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