時間：4月21日下午14：30-16：00
地點：主樓317
報告人：中國人民大學 袁蓉麗教授
報告人簡介：
中國人民大學商學院教授、博士生導師、財政部全國會計領軍人才。主要研究領域包括公司財務、公司治理。已在Journal of Banking & Finance、Journal of Corporate Finance 、Journal of Business Finance & Accounting、《管理世界》等國際國內核心期刊發表論文四十余篇，中國人民大學商學院教學杰出教授，主講的《會計學》課程獲評北京高校“優質本科課程”，是第十三屆“全國百篇優秀管理案例”獲得者。
報告內容簡介：
We examine China’s July 2020 introduction of US style securities class action lawsuits (SCA). Unlike US evidence, Chinese stock prices respond positively to SCA introduction. This is consistent with a placebo test that finds insignificant responses for cross-listed stocks already subject to US SCA. Price reactions to temporary SCA rules suggest that discouraging frivolous lawsuits is beneficial. Effects are stronger for firms more exposed to SCA, particularly with poor disclosure or governance, state ownership, political connections, no D&O insurance, or less innovation. Firms react to SCA by initiating D&O insurance, selecting more reputable auditors, and improving internal controls and financial reporting. Thus, the threat of SCA risk appears to benefit shareholders.
（承辦：會計系、科研與學術交流中心）
