基地研究员孔东民教授与合作者（Ling Zhu, School of Economics, Huazhong University of Science and Technology）的论文“Does government transparency shape firm decentralization? Evidence from a natural experiment in China” 在国际知名期刊Emerging Markets Review在线发表。

Abstract:

We take advantage of a recent pilot program of e-government reform in China to study whether and how government transparency affects firm decentralization. We construct a reasonable proxy of firm decentralization to reflect the allocation decision rights on the basis of China's unique setting of mandatory disclosure of financial statements of the parent firms and the entire corporation. We provide supports on the reliability of firm decentralization proxy and present strong evidence that the improvement of government transparency and accountability significantly enhances firm decentralization. A plausible mechanism is that such reform reshapes firms' external business environment and internal operating efficiency. Results are particularly pronounced for firms in areas with low social trust and high corporate attention. Overall, our findings contribute to the research on the effect of government quality on economic activities and organization delegation structure.

链接：https://doi.org/10.1016/j.ememar.2022.100915

教师简介

孔东民，中南财经政法大学金融学院，文澜特聘教授，博士生导师。2015年入选“国家重点人才计划”。研究方向：中国资本市场、公司金融。目前已在Journal of Law and Economics、Review of Finance、Journal of Environmental Economics and Management、Contemporary Accounting Research、Journal of Corporate Finance、Journal of Banking and Finance、China Economic Review、《经济研究》、《管理世界》、《金融研究》、《经济学季刊》等国内外重要期刊发表论文多篇，主持多项国家自然科学基金。现兼任中国管理现代化研究会金融管理专业委员会委员；国家自然科学基金通讯评审专家；《证券市场导报》、《中南财经政法大学学报》、《会计与经济研究》、《珞珈管理评论》、《金融科学》、《当代会计评论》、《江汉学术》编委; China Finance Review International, Associate Editor；并担任《经济研究》、《管理世界》、《金融研究》等国内外多家权威期刊的匿名审稿人。