鸭脖娱乐app下载官网

论坛讲座

论坛讲座

网站首页 > 论坛讲座 > 正文

对外经贸大学祝继高教授讲座通知

发布时间: 2021/01/13 11:01:12     点击次数:次   打印本页

北航经管学院商学悦道列讲座

2021年第1期,总第25期)

对外经贸大学祝继高教授讲座通知

讲座题目:Branching and window dressing

讲座时间:2021.1.16(周六)19:00-20:30

腾讯视频会议ID718353318

讲座嘉宾:祝继高 教授

主讲人简介

祝继高,现为对外经济贸易大学国际商学院财务管理系教授、博士生导师。主要研究领域:会计与资本市场。已在《经济研究》、《管理世界》、Journal of Corporate FinanceJournal of Banking and FinanceJournal of Accounting and Public Policy等国内外权威期刊上发表论文20余篇。主持国家社科基金重大项目1项、国家自然科学基金3项。入选第四批国家“万人计划”青年拔尖人才、财政部高端会计人才(学术类)和第三届北京市高等学校青年教学名师。

 

主持人:邓路 副教授

讲座概要

We explore a signaling channel that banks strategically raise loan-loss provisions (LLPs) prior to application for branching to impress regulators. Since deregulation on geographic restriction, city commercial banks (CCBs) can apply for inter-province branching but need approval from the banking regulator. CCBs may dress-up financial reports by higher LLPs and present an overly positive image to impress regulators and thereby increase the likelihood of approval. We document evidence in line with the signaling story. To address the endogenous decision of branching application, we employ propensity score matching method and a natural experiment of deregulation reversal in 2011. In addition, our results are robust to placebo tests of alternate timing of application. We rule out other rationales for adjusting LLPs, particularly earnings management.