主讲人：常鑫（新加坡南洋理工大学）
讲座摘要： The paper examines the impact of corporate taxes on corporate social responsibility (CSR) by exploiting the staggered changes in corporate income tax rates across U.S. states as a quasi-natural experiment. Firms’ CSR performance significantly improves following tax cuts, suggesting that firms rely on internal funds for CSR investments. In contrast, tax increases have no significant effect on firms’ CSR performance, consistent with the rigidity of CSR. The impact of tax decreases on CSR is more pronounced for firms with more tax exposure, greater reliance on internal funds for investment, headquarters in more CSR-friendly states, more socially responsible institutional investors, more long-term oriented CEOs, or more fierce industry competition. Overall, our findings illustrate how public policies can drive sustainability and shape corporate social responsibility.
时间：12月14日（星期二），下午 14：00-15：30
线上会议：腾讯会议（会议号：327 481 754）
主讲人简介： 常鑫教授是南洋理工大学南洋商学院副院长和银行与金融系终身教授，研究领域涵盖公司金融、资产定价、会计研究。具体研究方向包括资本结构、企业创新、企业社会责任、企业并购重组、政治腐败、公司治理、财务报告和信息披露等。他的研究成果多次发表在Journal of Finance、Journal of Financial Economics、Review of Financial Studies、The Accounting Review和Journal of Financial and Quantitative Analysis等国际顶尖学术期刊。
主办：中国互联网经济研究院
此次讲座获得北京高等学校卓越青年科学家计划资助（BJJWZYJH01201910034034），特此致谢。
