中国人民大学企业与组织研究中心

组织经济学Seminar

【2012S01】

组织经济学（Organizational Economics）Seminar由中国人民大学企业与组织研究中心（CFOS）主办。CFOS的宗旨是，利用现代经济学方法研究中国的企业、政府、市场和非营利组织的重大问题，推动企业理论、契约理论和制度经济学的研究与教学。关注CFOS，请访问http://CFOS.ruc.edu.cn。

时间：2012年2月29日（周三）12：00－13：30

地点：明德主楼734会议室

主讲：夏立军

主题：Did China’s Adoption of IFRS Attract More Foreign Investment?

摘要：We test whether China’s adoption of IFRS-based accounting standards has the intended effect of attracting more foreign institutional investment. Contrary to the intention of Chinese regulators and the claims of IFRS advocates, we find that foreign investment in China actually declines after IFRS adoption. We also find that the decline is larger among firms with weak incentives to credibly implement IFRS and among firms with greater opportunities to manipulate the fair value provisions of IFRS. Our evidence also suggests that IFRS adoption impairs foreign investors’ ability to pick profitable investments in China and that the investment decline is larger among investors from countries with weak legal and economic institutions than among investors from countries with strong institutions. Finally, we find that home country adoption of IFRS exacerbates the decline in investment from countries with weak institutions, while it attenuates the decline in investment from countries with strong institutions.

演讲者简介：夏立军，现为上海交通大学安泰经济与管理学院教授。他于2006年获得上海财经大学管理学博士学位，2008年曾任上海财经大学会计学院教授，已在Journal of Accounting and Economics、China Accounting and Finance Review、China Journal of Accounting Research、《经济研究》、《经济学（季刊）》、《管理世界》等国内外重要刊物上发表论文多篇，主要研究领域为中国资本市场会计、审计、公司治理和公共治理问题。

项目协调人：聂辉华

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人大企业与组织研究中心

2012年2月24日