讲座摘要：After fitting a topic model to 40,927 COVID-19-related paragraphs in 3,581 earnings calls over the period January 22 to April 30, 2020, we obtain firm-level measures of exposure and response related to COVID-19 for 2,894 U.S. firms. We show that despite the large negative impact of COVID-19 on their operations, firms with a strong corporate culture outperform their peers without a strong culture. Moreover, these firms are more likely to support their community, embrace digital transformation, and develop new products than those peers. We conclude that corporate culture is an intangible asset designed to meet unforeseen contingencies as they arise.
线上会议：腾讯会议（会议号：345 498 045）
主讲人简介：李凯教授是加拿大英属哥伦比亚大学尚德商学院讲席教授，Journal of Financial and Quantitative Analysis、Review of Financial Studies、Journal of Corporate Finance、Journal of Financial Stability、Review of Finance、Journal of Banking and Finance、Financial Management等杂志的副主编。近年来她在Journal of Finance，Journal of Corporate Finance，Journal of Financial and Quantitative Analysis等国际知名学术期刊上发表了多篇论文，并在众多国际会议上获得最佳论文奖等奖项。