讲座信息

　　主题：Does R&D Spending Respond to CSR for Society? Evidence from Chinese Manufacturers based on A Perspective of Idiosyncratic Risk

　　企业社会责任会影响研发投入吗？基于中国制造业企业的实证研究

　　主讲人：火栋

　　时间： 2017年11月15日 上午9：00-10：30

　　地点：25教学楼A区3层Class C

主讲人介绍

　　火栋，博士，现任南京大学商学院工商管理系助理教授，毕业于东京大学工学院技术经营战略学系，获博士学位。此前先后在哈尔滨工业大学和清华大学计算机系获得学士和硕士学位。研究方向趣包括技术创新、公司战略、知识产权、国际技术标准、创业和机器学习等。曾发表和撰写多篇学术论文、发明专利和国际技术标准文档，主持和参与多项国家自然科学基金、863和日本JSPS科研项目。

讲座内容

　　How R&D spending responds to corporatesocial responsibility (CSR) is an unexplored research question in the literature of innovation. The present study answers the question by proposing anovel perspective with respect to firm-idiosyncratic risk on equity market. A longitudinal analysis of 1,392 Chinese manufacturing firms listed on two major Chinese stock exchanges from 2012 to 2015 demonstrate that less R&D spending is associated with the increased rating on a firm’s CSR committed to society, and that the increased idiosyncratic risk on equity market mediates the negative effect of CSR on R&D. In addition, our study also finds that government ownership moderates the relationship between CSR performance and idiosyncratic risk: their positive association is stronger for state-owned enterprises (SOEs). Theoretical and practical implications of our findings are discussed.

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