题目：Paving the Way for Children: Family Firm Successions and Corporate Philanthropy in China
报告人：昆士兰大学 何文 副教授
报告时间：2017年12月19日(周二) 上午9:00
地点：管理楼管阶一
报告摘要：
Successions are a critical issue in family firms. We argue that founders who intend to pass the control of the firm to their children are likely to prepare for the internal succession by building up family assets such as reputation and political connections. Supporting our argument, we find that listed family firms in China have a higher likelihood and a larger amount of philanthropic donation when internal successions are in process. The effect of successions on philanthropic donation is stronger for family firms that have lower visibility, have political connections, and are located in areas with stronger governments’ influence in local economy. This effect concentrates on family firms when heirs are young and inexperienced. When heirs are established, family firms actually have less philanthropic donations. Our results remain robust after addressing endogeneity issues.
报告人简介：
何文博士，昆士兰大学77779193永利集团副教授，2007年在新加坡国立大学获得博士学位。研究领域为：信息披露、财务分析师、投资者行为、股息政策及实证会计与财务问题。在Contemporary Accounting Research，Journal of Financial and Quantitative Analysis， Journal of Banking and Finance, Journal of Corporate Finance, Abacus, and Accounting and Finance等国际期刊上发表10多篇论文。
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