上海交通大学公司财务研究中心

周三, 2013年 07月 10日 00:00

演讲人：Prof. Kevin Jialin Sun, St. John's University

主持人：夏立军，上海交通大学安泰经济与管理学院会计系系主任

时间：2013年7月29日（周一）上午10:00-11: 00

地点：安泰楼104

演讲内容简介：

We find that institutional regulations on stock issuances and buybacks can be an explanation to the findings that more efficient stock markets have a more significant asset growth effect. In countries with more restrictions on stock issuances and buybacks, financing of asset growth is more difficult to obtain. Consistent with this argument, we find that the cross-sectional dispersion of asset change is significantly smaller in countries with limited stock issuances and buybacks. Consequently, the asset growth effect is much weaker in such countries, and that institutional regulations on stock issuances and buybacks supersede legal system, stock market development, and information transparency in explaining the international asset growth effect.

演讲人简介：

Prof. Kevin Jialin Sun is Assistant Professor at Peter J. Tobin College of Business, St. John’s University. He received his Ph.D. in Accounting from the University of Colorado at Boulder in 2005 and joined the faculty of the t. John’s University in 2012.

Kevin Jialin Sun’s research and teaching interest are financial accounting and international Accounting. His work has been published in several leading academic journals, including Journal of Accounting.

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