讲座题目 | Did QFII Enhance the Resilience of Chinese Listed Firms during the U.S.-China Trade War? | ||
主讲人 （单位） | 颜安 (美国福特汉姆大学) | 主持人 （单位） | 尹威 （电影天堂 ） |
讲座时间 | 2026年8月25日 上午10点 | 讲座地点 | 综合楼314 |
主讲人简介 |
颜安，福特汉姆大学商学院教授、现代金融研究中心主任、金融系系主任、北京大学与福特汉姆大学合作工商管理博士项目主任。研究方向包括：公司社会责任，ESG金融，行为金融，金融创新，公司重组。在Journal of Financial Economics，Journal of Banking and Finance, Quarterly Journal of Finance，Journal of Corporate Finance等高水平国际期刊上发表论文数十篇，并担任Journal of Financial Stability，China Accounting & Finance Review，Journal of Economics and Business等学术期刊的副主编。 | ||
讲座内容摘要 | This paper investigates the impact of Qualified Foreign Institutional Investors (QFII) investments and network centrality on firm value, particularly in the context of the U.S.-China trade war. The empirical results show that while U.S. tariffs significantly harm firms directly affected by them, firms with higher QFII network centrality experience smaller declines in value, suggesting a buffering effect. This resilience is especially pronounced for export-oriented firms and those with identified U.S. customers. Our findings underscore the importance of global social capital in mitigating the negative impact of external shocks and highlight the differential effects based on firm characteristics such as ownership structure and export activities. This study offers valuable insights for policymakers and investors on leveraging global networks to enhance firm resilience in times of geopolitical disruption. | ||
