时间：2025年4月23日 15:00-17:00

地点：中国人民大学明德主楼623

演讲人：Lex Zhao 赵来勋（日本神户大学教授）

主题：A new role of Confucian culture：promoting corporate resilience from crisis？

简介

赵来勋，日本神户大学经济经营研究所教授，1993年博士毕业于Florida大学，曾任斯坦福大学访问学者。研究领域为国际经济和中国经济，已经在Journal of International Economics、Journal of Labor Economics、Journal of Development Economics、Journal of Environmental Economics & Management、 Journal of Urban Economics、European Economic Review、Journal of Industrial Economics、Journal of Economic Dynamics & Control、Journal of Economic Behavior & Organization、Journal of Mathematical Economics等国际一流或知名经济学期刊发表论文数十篇。2011年，赵来勋教授获得日本国际经济学会颁发的小岛清奖，是迄今为止唯一获此殊荣的非日本人。赵来勋教授目前担任Journal of International Trade & Economic Development联合主编，以及Japanese Accounting Review的主编，并担任多个国际一流期刊的匿名审稿人和多个研究基金的匿名评审人，其撰写的有关中日关系时政评论文章曾多次发表在《南华早报》和《新京报》，他的作品被《大公报》《欧洲时报》《参考消息》《共识网》等知名国际媒体多次转载。

摘要

Although Confucian culture (CC) due to its conservative nature may hinder risk-taking behavior such as starting a business or innovation, it could help business recovery from crisis such as earthquakes or pandemics. Using unique big data from China, we conduct a series of identification strategies to document that CC causally promotes firm corporate resilience amid crises (measured by stock prices). Causal mediation analysis shows that this is achieved by facilitating the firm’s internal-control practices and intensity, such as compliance with rules and operational continuity; in contrast, moderation effect estimates indicate that external-control proxies such as institutional shareholdings and auditing causally weaken the promotional effect of interest, thus indirectly confirming the effectiveness of internal control.