专栏名称: 中山大学管理学院

中山大学管理学院成立于1985年，已通过AACSB、EQUIS和AMBA三大国际认证。以“融汇中西管理智慧，培养创业创新精神，践行服务社会责任，作育商界管理精英”为使命。打造中国商界黄埔军校，我们愿与您携手并肩！

讲座预告 | 管理学院管理学与经济学系列前沿讲座之三六七讲

中山大学管理学院 · 公众号 · · 2019-06-14 18:53

正文

讲座题目

Controlling and Minority Shareholders Meeting Halfway? Evidence from Family Firms’Voluntary Information Disclosure on Foreign Direct Investment

控股股东和小股东之间的折衷妥协？来自家族企业海外直接投资信息揭露的证据

主讲嘉宾

顾茜（美国佐治亚州立大学J.Mack Robinson商学院助理教授）

讲座时间

2019年6月17日（周一）09：30-11：30

讲座地点

管理学院善思堂M312

主持人

李炜文副教授

主办单位

“战略与创业创新”科研团队

嘉宾简介

顾茜为乔治亚州立大学助理教授。其研究兴趣包括家族企业、新兴市场企业战略和对外直接投资。她的研究成果发表在ASQ、SMJ和JIBS等国际顶级期刊上。顾茜助理教授为Journal of World Business和Management and Organization review等期刊的编委会成员。

讲座摘要

How do firms respond to the diverging demands between controlling and minority shareholders? Utilizing family firms’ newly established foreign direct investment (FDI) as a natural laboratory, we propose that firms can reconcile these shareholder demands by strategizing their voluntary information disclosure. Specifically, firms can adopt a balanced approach by adjusting the amount of information disclosure and the contents of information disclosed. When there is a higher level of controlling family involvement, there will be a larger amount of information disclosure to satisfy the needs of minority shareholders on the one hand, and a lower ratio of socioemotional wealth (SEW) sensitive information disclosed to meet the demands of the controlling families on the other hand. Furthermore, this balanced approach is modified by the social norms in the host countries. A stronger norm of minority shareholder protection will strengthen the positive effect of controlling family involvement on the amount of information disclosure, and a stronger norm of family value preservation will weaken its influence on the ratio of SEW sensitive information disclosed. Using a sample of publicly listed family firms in China, we find empirical support for our theoretical predictions.