题　目：LEARNING BY HELPING: EVIDENCE FROM CHINESE BROKERAGES’ COMMUNITY CSR

嘉　宾：Jingyuan LI, Ph.D. candidate, The Hong Kong University of Science and Technology

主持人：谢露群  副教授  上海交通大学安泰经济与管理学院

时　间：2023年09月13日（周三） 09:00-10:30

地　点：腾讯会议

(校内师生如需会议号和密码，请发送电邮至xuziqing@sjtu.edu.cn获取)

内容简介:

We propose that firms acquire valuable local knowledge as a by-product of their community corporate social responsibility (CSR) initiatives. We test our proposition leveraging a unique context created by the Security Association of China’s pairing assistance program under the country’s targeted poverty alleviation policy. Under this program, financial brokerage houses engaged in community CSR in quasi-randomly matched impoverished regions. We find support for the local knowledge channel of CSR by showing an improvement in the performance of analyst forecasts on local companies after community CSR participation, with a stronger effect on the more locally embedded companies. Additionally, as community CSR facilitates acquiring tacit information, it resulted in analyst reports relying less on quantitative information and led to forecasts with greater influence on stock trading volume.

演讲人简介：

Jingyuan LI is a Ph.D. candidate at the Department of Management, the Hong Kong University of Science and Technology (HKUST). Her research investigates the environmental, social, and governance (ESG) activities of organizations, with a focus on how these activities affect firms’ or professionals’ strategic choices and outcomes. She explores these questions across a range of contexts: Chinese brokerage houses’ participation in poverty alleviation, family businesses’ acquisitions, multinational corporations’ carbon footprints, and the sociopolitical activism of South Korean movie artists. 

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