讲座题目 | Tweeting Transparency: Politics and Strategic Dissemination by the SEC | ||
主讲人 （单位） | 钟覃琳 （复旦大学） | 主持人 （单位） | 潘健平 （电影天堂 ） |
讲座时间 | 2026年1月7日（周三）14:00 | 讲座地点 | 经管楼A208会议室 |
主讲人简介 |
钟覃琳，复旦大学管理学院教授。主持国家自然科学基金“优秀青年科学基金项目”及“青年科学基金项目”。目前主要从事信息披露，公司治理，资本市场监管等方向的研究。主要研究成果发表于《Journal of Accounting and Economics》，《The Accounting Review》,《Contemporary Accounting Research》，《管理世界》，《管理科学学报》，《金融研究》及《会计研究》等国内外重要期刊。 | ||
讲座内容摘要 | Based on a rational-choice political economy framework, this study conceptualizes regulators as self-interested agents and systematically investigates the politics of strategic regulatory information dissemination through social media. Our empirical findings reveal that politician reelection pressure significantly attenuates the SEC’s frequency and likelihood of tweeting about enforcement actions against local constituency firms. This suppressive effect is significantly amplified among politicians exhibiting strong career concerns and possessing greater political capacity. Moreover, the intensity of political influence also varies with a spectrum of mediating conditions, specifically including constituent concerns regarding local economic conditions, the potential political cost associated with voter attribution, and anticipated public reaction to enforcement dissemination. To further validate the underlying mechanism, we demonstrate that tweeting an enforcement action triggers significant negative market reaction, which in turn translates into an elevated probability of subsequent electoral losses for the incumbent politician. Overall, our evidence provides novel insights into the dynamics of regulatory transparency from the dissemination perspective within the political economy framework. | ||
