Seminar通知（2019年2月21日）

本次seminar将于2月21日（周四）下午2点30分在培华会议室举行（新加坡国立大学钟基年教授参与研讨），期待各位老师的指导与同学的积极参与。

两篇研究的摘要及关键词如下：
【汇报题目1】How Firm-specific Assets Explain Outward FDI: Moving beyond Asset Exploitation Motives？
【汇报人】檀宏斌
【摘要】How do firm-specific assets explain outward FDI (OFDI) from emerging economies? The asset-exploitation logic, built by studying developed country MNEs, argues that technological assets contribute to competitive advantages and are positively related to OFDI. The asset-seeking logic, however, claims that emerging market firms go abroad to seek technological assets to compensate for their disadvantages. To synthesis the two opposing logics to explain OFDI, we argue that their relative importance and thus dominance vary across a firm’s asset positions or evolutionary stages: The asset-seeking logic is salient at low levels of technological assets, while the asset-exploitation logic dominates at high levels of technological assets. Utilizing a sample of Chinese manufacturing firms, we find a U-shaped relationship between technological assets and OFDI. One implication is that the dominant logic of OFDI evolves as a firm’s asset positions change.  
【关键词】emerging market firms; outward foreign direct investment; asset-seeking; asset-exploitation; the evolution of OFDI logics  

【汇报题目2】How Award Make CEOs to Conduct More Philanthropy but in Vain? 
【作者】李江雁、俞璇
【汇报人】俞璇
【摘要】This study proposes that award-winning CEOs will burden higher expectation from the social audience, which can motivate them to conduct more corporate philanthropy in the post-award period. The influence of CEO award-winning on corporate philanthropy is stronger when the firm visibility is higher and when the CEO have won more awards. Our findings also show that the financial performance associated with corporate philanthropy of the firms with award-winning CEOs will be lower in the post-award period than in the pre-award period. In addition, only if the level of philanthropy of the firms with award-winning CEOs is higher than the philanthropy level of the social peers (the same industry and the same social status), the financial performance associated with the corporate philanthropy is not negative. 
【关键词】CEO award; corporate philanthropy; expectation violation; pressure; corporate social performance