报告题目
CSR, market supervisions and learning effect
报告人（单位）
Kung-Cheng Ho（Guangdong University of Economics and Finance）
主持人（单位）
刘修岩 教授
点评人（单位）
尹威 副教授
时间地点
时间：2023年3月15日（周三）下午2:00
地点：四牌楼校区东南院202（线下）
腾讯会议号：123-237-838
报告内容摘要
Corporate social responsibility disclosure (CSR) is a crucial business practice that has attracted the attention of companies and market participants all over the world. CSR practice can attract more market supervisions, which will put more pressure on managers and auditors to learn from each other, and can reflect higher comparability of financial information to a certain extent. This paper examines the impact of CSR on learning effect. Specifically, this study investigates two main topics: (1) whether CSR leads to learning effect, and (2) whether market supervisions (i.e., liquidity and investor concerns) caused by changes in CSR are the potential channels through which CSR affects learning effect. The results reveal that after controlling for other factors that affect learning effect, active CSR practice leads to effective improvement in learning effect. The aforementioned two market supervisions are critical channels through which CSR significantly promotes the learning effect; liquidity is the more dominant channel of influence among them. This observation indicates that CSR participation is a tool to elicit market supervision and to improve the learning effect.
报告人简介
Dr. Ho is an associate professor at the Guangdong University of Economics and Finance. He was awarded the title of Minjiang Scholar (闽江学者) Chair Professor. Dr. Ho is a subject editor for Emerging Markets Finance and Trade, and a guest editor for Frontiers in Sustainable Energy Policy. He has published more than 60 SSCI papers in the Finance field: Journal of Corporate Finance, Journal of Forecasting Pacific-Baisn Finance Journal, International Review of Financial Analysis, International Review of Economics and Finance, International Journal of Finance and Economics; Accounting field: Journal of Accounting, Auditing and Finance, Review of Quantitative Finance and Accounting; Business field: Journal of Business Research, Corporate Governance: An International Review, Corporate Social Responsibility and Environmental Management; Economic field: Energy Economics, Emerging Market Reviews, Managerial and Decision Economics, and Technological Forecasting and Social Change, etc. He is also a reviewer, including Asia Pacific Journal of Management, Corporate Governance: An International Review, Economic Modelling, Emerging Markets Finance and Trade, Financial Innovation, Finance Research Letters, Investment Analysts Journal, International Journal of Emerging Markets, International Review of Economics and Finance, Managerial and Decision Economics, etc.