讲座题目：In family we trust: Clan culture and family ownership in China.
摘要: We hypothesize that clan culture can affect family ownership in China through an enhanced family value and a short-radius trust attitude. To empirically identify the effects, we first provide supportive evidence for our two premises. We then show that clan culture has a significantly positive effect on the concentration of family ownership, and this result is mainly due to a higher share held by other family members rather than that of the owner. Moreover, this effect is more pronounced for smaller or younger firms, but can be dampened by sound legal or financial institutions. Finally, in a sample of listed family firms, we resort to the presence of movers and demonstrate further that our results are not driven by omitted variables.
现任香港中文大学副教授，曾任复旦大学经济学院金融学教授，国际金融系系主任，林曙教授是孙冶方金融创新奖得主。研究领域包括国际金融、货币政策、中国经济和公司金融。研究成果发表于Review of Financial Studies, Journal of Monetary Economics, Review of Economics and Statistics, Journal of International Economics, Journal of Development Economics, Review of Economic Dynamics 等国际顶尖期刊。