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[Seminar] 財金系 9/18 (五) 上午 10:30 邀請淡江大學的黃河泉教授演講
活動起日:2015-09-11 
發佈日期:2015-09-11 
瀏覽數:1222  2017-02-12 更新

各位同學好,

財金系擬於 9/18 (五) 邀請淡江大學的黃河泉教授至本所進行專題演講,相關訊息如下:

時間: 9/18 (五) 10:30-12:00
地點: 管理學院一號館4樓405教室
講者: 黃河泉教授
講題: Large Boards Die Hard: Evidence from China

Abstract:
This study uses a large sample of Chinese listed firms covering 1999-2014 to examine the effect of board size on future stock price crash risk. The evidence indicates that board size is significantly associated with lower firm-specific crash risk, a result consistent with the resource dependence theory that a large board is endowed with rich resources. The effect of board size on crash risk is present only in the non-financial crisis period, attenuated by the number of co-opted directors, enhanced by the number of non-co-opted independent directors, and more pronounced with older and higher-educated board directors. The effect of board size on crash risk is found stronger in SOEs (state-owned enterprises) than non-SOEs, implying that a close connection with government effectively decreases crash risk.