時間：2020年12月18日（周五上午），10:00-12:00  

 

地點：騰訊APP會議（會議号：請有意向參加的博士生和老師聯系趙瑩老師獲取）

 

研讨會一詳細議程：10:00-11:00  

 

報告：Contracting in a Short-Term Relationship: Evidence from Asset Sales Agreements    

 

報告人：袁歆

 

摘要：Using a large sample of asset sales agreements compiled from SEC filings, I examine the use of contracting mechanisms in a short-term business relationship. I first show that higher information asymmetry between buyers and sellers is associated with the use of more representations and warranties, covenants, and special payment arrangements. Importantly, my result suggests that these contracting mechanisms are used as complements to one another. Further analysis shows that this complementarity is more pronounced when agency conflicts become more severe. These results differ from prior findings on long-term contracts that different mechanisms usually serve as substitutes. The evidence is consistent with the view that the length of a relationship influences contract efficiency in employing multiple mechanisms—while in a long-term relationship, contracts tend to rely on few provisions, short-term contracts depend more on multiple mechanisms.  

 

報告人簡介：

 

袁歆，紐約城市大學巴魯學院會計系博士研究生，本科畢業于廈門大學會計系。博士期間研究領域涉及公司契約、企業網絡安全披露以及公司治理。

 

 

研讨會二詳細議程：11：00-12:00  

 

報告：Employee Cognitive Skills and Management Forecasts

 

報告人：賈亦凡  

 

摘要：Our study examines the association between employee cognitive skills and the issuance of management forecasts. Using information from online postings of professional jobs, we measure employers’ requirements for cognitive skills from their employees and find that cognitive skill requirements are positively associated with both the likelihood and frequency of management forecast issuance. This association is more pronounced for firms operating in a more complex and uncertain business environment, and holds for specific types of management forecasts including earnings, sales, and capital expenditure forecasts. These results suggest that employee cognitive skills can improve the quality of internal information supplied to top executives for decision making, allowing them to better project future operation outcomes.  

 

 

報告人簡介：

 

賈亦凡，香港城市大學商學院會計系博士研究生，主要研究方向公司披露、會計信息質量、供應鍊、企業社會責任。