学术前沿讲座--《Resource allocation or resource distortion: how CSR for society affect R&D investment in China》

报告题目

Resource allocation or resource distortion: how CSR for society affect R&D investment in China

报告人（单位）

刘海建（南京大学商学院）

点评人（单位）

李东（东南大学）

点评人（单位）

吕鸿江（东南大学）

时间地点

2017年12月13日星期三 下午2:00

东南大学九龙湖校区经济管理学院B-201会议室

报告内容摘要

How R&Dspendingrespond to corporate social responsibility (CSR) performanceis anunexploredresearch question in the literature. This study answers this question by proposing a perspective with respect to firm-idiosyncratic risk on equity market. A longitudinal analysis of 1,392 Chinese manufacturing firms listed on stock exchanges from 2011 to 2014demonstrate that R&D spending is associated with the decreased rating on a firm’s CSR committed to society, and that an increased idiosyncratic risk on equity market mediates the negative effect of CSR on R&D. In addition, our study also finds that government ownership moderates the relationship between CSR performance and idiosyncratic risk: their positive association is stronger for state-owned enterprises (SOEs).Theoretical and practical implications of our findings are discussed.

报告人简介

刘海建，1975年1月生，山东寿光人，管理学博士，南京大学工商管理系副教授，2005年起至今一直任教于工商管理系。并在Global Strategy Journal, Journal of Business Research, Frontier of Business Research in China,《管理世界》，《中国工业经济》，《南开管理评论》等国内外著名学术期刊上发表论文近50余篇。主持多项国家自然科学基金和1项教育部人文社科基金。目前主要的研究领域在企业社会责任与伦理判断、中国企业国际化、企业政治战略与企业转型研究等方面。