讲座题目：Political Affinity and SEC Review Preferences: Evidence from Cross-Listed Firms

讲座时间：2023年11月17日（周五）14：30-15：30

讲座地点：明德楼1101会议室

主讲嘉宾：胡宁副教授      西南财经大学

主讲嘉宾简介：

胡宁，2019年7月毕业于上海财经大学，2020年12月晋升副教授（破格），2023年3月获长期教职，主持国家自然科学基金青年项目和面上项目各一项，现担任西南财经大学现代财务研究所所长，国家自然科学基金项目同行评议专家，审计署中国政府审计研究中心研究员，西南财经大学审计监察与风险防控研究中心学术专家。在人民日报出版社出版专著《选择性监管及其经济后果研究——基于沪深交易所年报问询函的证据》，以第一作者或通讯作者在《Journal of Accounting and Public Policy》、《Journal of Business Finance and Accounting》、《Energy Economics》、《International Review of Financial Analysis》、《Regulation & Governance》、《Corporate Governance: An International Review》、《会计研究》、《南开管理评论》、《审计研究》等期刊发表论文数篇。

讲座主要内容：

We investigate whether the SEC the review process is affected by the political relations between the United States and other countries. Based on a sample of 5,798 firm-year observations from 31 countries over the period 2005-2019, we find that the SEC are more (less) likely to issue comment letters to cross-listed issuers originating in countries with weak (strong) political affinity with the U.S.A. Importantly, those firms from countries with low political affinity with the U.S.A and targeted by the SEC do not exhibit a higher probability of restatement in the following years. However, the firms from countries with high political affinity with the U.S.A and do not receive SEC comment letters are more likely to restate in the next year. Further tests show that such review preference by the SEC is moderated by the home countries’ legal system, the type of political parties of the US government, auditor type and the trade dependence between the home country and the U.S.A.

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 经济学院

2023年11月13日