科学研究
报告题目：Calling for Transparency: Evidence from a Field Experiment
报告人：张书博
报告时间：2022年11月25日（周五）15:30
报告地点：腾讯会议（会议ID： 343 716 196）
主办单位：东北财经大学会计学院
【报告摘要】
We examine how firms respond to requests for enhanced disclosure that we make on an online investor platform. Exploiting variation in firms’ customer and supplier disclosures, we ask a randomized set of non-disclosing firms to provide information on their customers’ and suppliers’ identities. We find that the firms’ probability of disclosure depends on the basis we give for the demand—requests appealing to disclosure’s usefulness to investors lead to more frequent disclosure, while those appealing to preference of regulators lead to less frequent disclosure. The requests we make on the platform lead to more frequent customer- and supplier-related inquiries from other platform users. We also find that the treatment firms’ disclosure of customer and supplier information improves in the next period’s regulatory filings. The findings suggest that investor platforms can enhance corporate transparency by increasing retail investors’ ability to demand information.
【报告人简介】
张书博，上海交通大学安泰经济与管理学院会计系助理教授，博士毕业于香港中文大学会计系。研究领域包括中国资本市场、信息中介、田野实验等。
【特别提醒】
请与会师生实名参会。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。
