管理学院管理学与经济学系列前沿讲座之三四零讲

讲座题目:国外收购保护的代价:公司创新的证据

主讲嘉宾:师伟副教授(迈阿密大学商学院管理系)

讲座时间:2018年7月18日09:30-11:30
讲座地点:管理学院善思堂M312
人:李炜文副教授
主办单位:“战略与创业创新”科研团队

欢迎广大师生积极参加!      

 

shi wei


嘉宾简介:

师伟现任迈阿密大学商学院管理系副教授。师伟教授本科毕业于北京外国语大学,之后在美国杜兰大学获得工商管理硕士学位,2016年于美国莱斯大学获得管理学博士学位。他的主要研究领域为公司治理、高管团队和公司战略。他的研究成果已经发表在Academy of Management Journal,Strategic Management Journal,Journal of Management,Journal of Corporate Finance, Global Strategy Journal,Human Resource Management和 Academy of Management Perspectives。

 

讲座简介:

This study examines the influence of foreign takeover protection on firm innovation activities. We argue that top executives will refrain from research and development (R&D) when firms are protected from foreign takeovers. This is because foreign takeover protection can render the market for corporate control ineffective and attenuate foreign-based product market competition. In addition, the negative influence of foreign takeover protection on R&D intensity is particularly strong for firms from industries with intensive foreign takeover activities as well as for firms with low international diversification. An increase in foreign takeover protection is detrimental not only to innovation efforts in terms of R&D intensity but also to innovation efficiency in terms of new product introductions relative to R&D expenditure. Using the enactment of the Foreign Investment and National Security Act (FINSA) as a quasi-natural experiment, we find support for our arguments. This study contributes to strategy research by highlighting the governance role of foreign takeovers in shaping firm innovation decisions.