【讲座时间】2023年4月25日  10:00

【讲座地点】BV韦德108室

【讲座主题】ESG Shocks in Global Supply Chains

【嘉宾介绍】佘国满，香港大学，助理教授。

Dr. Guoman She is an Assistant Professor of Accounting at the University of Hong Kong. He received his PhD in Accounting from the Hong Kong University of Science and Technology. His research focuses on the real effects of disclosure, accounting regulation, and supply chain. His work has been published in top journals, including The Accounting Review, Journal of Accounting Research. He has received the MIT Asia Conference in Accounting Best Paper award and the Asian Finance Association Best Paper award.

【内容提要】

We show that U.S. firms cut imports by 11.1% and are 4.2% more likely to terminate a trade relationship when their international suppliers experience environmental and social (E&S) incidents. These trade cuts are larger for publicly-listed U.S. importers facing high E&S investor pressure and lead to cross-country supplier reallocation, suggesting that E&S preferences in capital markets can have real effects in far-flung economies. Larger trade cuts around the scandal result in higher supplier E&S scores in subsequent years, and in the eventual resumption of trade. Our results highlight the role of customers' exit in ensuring suppliers' E&S compliance along global supply chains.