科学研究
报告题目：Disclosure Standards, Investment Externalities, and CSR
报告人：蒋旭
报告时间：2026年9月15日（周二）9:00-10:30
报告地点：#腾讯会议：529-236-793
主办单位：东北财经大学会计学院 辽宁省资本市场财务与会计研究生创新与学术交流中心
【报告摘要】
Modern firm investments, such as corporate social responsibility (CSR) and research and development (R&D) activities, often generate positive externalities that firms do not fully internalize. Firms follow different disclosure standards, ranging from full disclosure to simplified categorical ratings, to demonstrate these investments to stakeholders. In this paper, we develop a disclosure model to study how these standards affect firms' investment incentives. Our analysis shows that simplified disclosure, while less informative, can induce some firms to overinvest, thereby partially internalizing externalities and increasing social welfare. Our paper informs policymakers' design of disclosure standards and materiality thresholds for externality-generating investments.
【报告人简介】
蒋旭，杜克大学富卡商学院教授，曾任卡内基梅隆大学泰珀商学院会计学助理教授。蒋教授的主要研究领域包括银行监管、最优信息披露规则的设计、会计准则与监管的经济后果，以及战略性沟通。他的研究成果发表于Journal of Accounting and Economics、Journal of Accounting Research、Journal of Economic Theory、Management Science和The Accounting Review等期刊。他教授财务会计课程，并荣获2016年管理学硕士项目卓越教学奖。他还担任多家学术期刊审稿人，曾获Journal of Accounting Research杂志2021年、2023年、2024年和2025年杰出审稿奖，以及2024年Journal of Accounting Research杂志年度最佳审稿人奖。曾担任The Accounting Review编辑与顾问审稿委员会成员，现任该期刊编辑。
【特别提醒】
未经论文作者和主办方允许，严禁将讲座内容录制并公开传播，违者将有可能被追究法律责任。
