学术

【管院】会计、银行与资本(Accounting, Banking & Capital)SEMINARS(No.51)

编辑:应蓉珊 来源:管理学院 时间:2018年01月10日 访问次数:10  源地址

时 间:2018年1月12日(周五)上午9:30

地 点:浙江大学紫金港校区行政楼502会议室

主讲人:Yong Yu 教授 McCombs School of Business, The University of Texas at Austin

题 目:Do Political Connections Induce More or Less Aggressive Financial Reporting? Evidence from Close Elections

  

摘 要:

 This study explores close U.S. congressional elections as an exogenous shock to firms' political connections to examine whether an increase in political connections induces firms to be more or less aggressive in their financial reporting. Our difference-in-differences tests reveal no evidence that firms experiencing a relative increase in political connections report more aggressively after close elections in anticipation of preferential treatment by the SEC in its enforcement actions (Correia 2014). In contrast, we find some weak evidence that firms report less aggressively in response to an increase in their political connections, consistent with enhanced scrutiny from the SEC staff in their reviews of politically-connected firms’ filings (Heese, Khan, and Ramanna 2017). These results hold not only for the full sample, but also for the subsample of close elections involving politicians serving on congressional committees with influence over the SEC and the subsample of firms that are most prone to aggressive reporting.

主讲人简介:

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 Yong Yu教授,美国德克萨斯大学Austin分校McCombs商学院(会计学专业连续近20年全美排名第1),1999年本科毕业于清华大学国际会计专业,2006年获美国宾州州立大学会计学博士学位。Yu教授是当今北美青年会计学者的杰出代表之一,主要从事资本市场会计与信息披露、财务分析师和机构投资者市场角色等领域的研究,他的所有研究成果均发表于国际会计和财务学顶级期刊,至今已公开发表学术论文15篇。同时,他是现任美国会计学会会刊TAR的编辑委员会委员,曾任美国会计学会(AAA)和欧洲会计学会(EAR)学术编辑委员会成员。

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