主讲人:常鑫(南洋理工大学)
讲座摘要:
Exploiting staggered changes in state-level corporate income taxes, we document that corporate social responsibility (CSR) performance improves substantially following tax cuts, reflecting firms’ reliance on internal funds for CSR investments. However, tax increases do not significantly weaken CSR performance, implying that CSR commitments are sticky on the upside. Tax cuts enhance CSR performance more for firms with greater tax exposure, tighter financial constraints, or stronger prosocial preferences. Additional analysis of the 2017 federal tax reform substantiates the CSR effect of tax cuts. Overall, our findings highlight essential CSR features and illustrate how corporate tax policy drives corporate sustainability.
时间:11月26日(星期二),下午14:00-15:30
地点:中央财经大学沙河校区13号楼215会议室
主讲人简介:常鑫,香港科技大学金融学博士,曾于墨尔本大学、南洋理工大学、迪肯大学、剑桥大学等多所世界知名学校从事教学科研工作,现为南洋理工大学南洋商学院教授,南洋商学院副院长。常鑫教授目前主要的研究方向为公司金融、公司创新与社会责任、气候金融和绿色金融等方向,其主要研究成果发表在《Journal of Finance》、《The Accounting Review》、《Review of Financial Studies》、《Journal of Financial Economics》、《Journal of Financial and Quantitative Analysis》、《Contemporary Accounting Research》等金融和会计领域的顶级学术期刊,并为多个出版社和学术期刊担任审稿人。
主办:中国互联网经济研究院
此次学术活动获“高等学校学科创新引智基地资助”(Supported by the 111 Center )(B20094),特此致谢。
撰稿:马冰 排版:王昱洁
初审:孙宝文 复审:王立勇