Time/时间：5月10日（周五） 上午10:00-11:30
Venue/地点：嘉庚二号楼501教室
Topic/题目：Does It Pay to be Central? Trade Network Centrality and Corporate Innovation
Speaker/报告人：侯芳芳助理教授
Abstract/摘要：Using a sample drawn from 48 countries, we demonstrate that firms’ innovation outcomes are negatively associated with the centrality of the position of the countries in which they are located in the global trade network. Further tests show that being central in a trade network can lead to deindustrialization and the crowding out of manufacturing innovation and can introduce fierce foreign competition that discourages managers from engaging in R&D activities, thereby reducing corporate innovation. Additionally, we show that the impact of trade network centrality on corporate innovation is magnified for firms in innovation-intensive sectors and countries with relatively weak legal protections. The reduction in corporate innovation associated with trade network centrality also diminishes firms’ future performance. We interpret these findings as unintended economic consequences of being central in the global trade network.
About the Speaker/报告人简介：侯芳芳，厦门大学财务管理与会计研究院助理教授，博士毕业于香港理工大学。主要研究领域为企业投资与创新、公司治理、信息披露等。科研成果发表于《Journal of Accounting, Auditing and Finance》(ESCI)、《Accounting and Finance》(SSCI)等。近五年内，主持1项国家自科青年基金项目和1项福建省社科基金项目。曾获公司金融与金融市场暑期研习营最佳论文奖、CJAR-ABR联合会议最佳论文奖、交大会计合作论坛二等奖、China Financial Market, Innovation and ESG学术会议一等奖等。主讲《概率论与数理统计》、《学术论文写作指导》等课程。