当前位置: 首页 / 学术发表 / 2024
基地研究员杨国超教授合作论文在Journal of Corporate Finance公开发表
发布时间:2025-03-11 16:09:00 浏览次数:1313

基地研究员杨国超教授合作论文“Law and borders: Entrepreneurs’ immigration status and trade credit”Journal of Corporate Finance公开发表。Journal of Corporate Finance 是公司金融领域的国际顶级期刊,聚焦资本结构、公司治理、并购重组、企业创新等议题,发表理论与实证研究。研究涵盖宏观经济政策、风险管理、金融科技等前沿领域,为学者和从业者提供关键洞见。


摘要:We examine whether the immigration status of entrepreneurs is a concern for creditors when extending trade credit. Utilizing the disclosure of overseas residence rights of controlling shareholders in China, we show that overseas residence rights negatively affect firms' ability to obtain trade credit. This negative association is attenuated if the overseas jurisdiction has an extradition treaty with China. Our results are robust to the introduction of the Hong Kong national security law as a source of exogenous variation in the boundary of domestic law. The decrease in trade credit provision is more pronounced in firms that are perceived as less trustworthy (i.e., with less social trust or higher expropriation risk). Our results offer new insights into how the reach of law across borders can affect firms' financing activities.

关键词:Law; Borders; Immigration; Trade credit; Trust

论文链接:https://doi.org/10.1016/j.jcorpfin.2024.102606

杨国超-Law and borders Entrepreneurs' immigration status and trade credit.png


教师简介

杨国超,中南财经政法大学会计学院教授、博士生导师,教育部、科技部“收入分配与现代财政学科创新引智基地”;大数据中心主任,文澜青年学者,普华永道“思略青年学者”,财政部国际化高端会计人才,复旦大学管理学院财务金融系博士,加拿大和中国注册会计师。主要研究兴趣为股票市场、债券市场与公共政策领域的制度与非制度因素分析。论文发表于《经济研究》(4篇)、《管理世界》、《经济学(季刊)》(4篇)、《世界经济》(3篇)、《管理科学学报》、《中国工业经济》、《金融研究》、《会计研究》(4篇)、China Economic Quarterly International、China Journal of Accounting Studies(3篇)等国内外权威学术期刊。曾获得洪银兴经济学奖(青年)、PwC3535论坛年度最佳论文奖、China Financial Research Conference(CFRC)最佳论文奖、湖北省社会科学优秀成果一等奖、武汉市社会科学优秀成果一等奖、全国MPAcc优秀教学案例以及中国平安教育基金精品课程奖等。担任国家社科基金重大项目子课题负责人,主持国家社科基金重点项目、国家自科基金青年项目、教育部人文社科基金青年项目以及多项湖北省课题。