时间：2024年3月20日，周三，10:00-11:30
讲座论文题目：Activism from the Inside Out: Evidence from Mandatory Workforce Policy Adoptions around the World
We investigate how firms balance between labor costs and employees’ social preferences. Exploiting a comprehensive data of freight shipment records, we show that U.S. firms increase import from the supplier country adopting mandatory workforce policy (MWP) that increases labor welfare more than the counterpart firm-country pairs. This effect is driven by the democratic state-headquartered firms, especially those with intensive human capital and activism for employee welfare, suggesting that employees’ loyalty to the global community of working class plays a vital role in corporate social responsibility. Faced with the inside activism, the marginal benefit of catering employees’ political interests outweigh the marginal cost of import. Consistent with this notion, we show that the MWP-affected importers have increased ratings on employee welfare along with cost increases that are economically negligible. Overall, this study sheds light on the formation of the worldwide social preferences for labor welfare.
李东旭
厦门大学经济学院金融系、
厦门大学王亚南经济研究院
金融学助理教授
现任厦门大学经济学院金融系、厦门大学王亚南经济研究院金融学助理教授，主要研究方向为实证公司金融、企业并购与重组、中国式现代化资本市场。曾在《管理世界》、《中国工业经济》、Journal of Corporate Finance、Journal of Empirical Finance等国内外重要期刊发表论文。国家自然科学基金青年基金项目主持人，并参与多项国家社科基金项目。中文核心期刊《中国经济问题》编委会成员，担任国际SSCI核心期刊 Emerging Markets Review副主编。教授的中英文课程有《投资经济学》、《公司金融学》、《企业并购重组》等。
讲座地址：中央财经大学（学院南路校区）
北京市海淀区学院南路39号
