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暨南经院学术系列活动-金融学系列 Seminar 第74期

发布者:余璐尧发布时间:2021-06-16浏览次数:10

暨南经院学术系列活动之

金融学系列 Seminar 74


主 题Incentive Effects of Social Insurance Law on Corporate Innovation

主讲人:刘贯春(中山大学)

主持人:叶德珠(暨南大学)

会议工具:腾讯会议(ID730 474 354 密码:210618

会议时间:202161810:00-11:30


摘要

Whether and how the design and enforcement of laws exerts profound influence on innovation activities has been the central subject of study in a wide spectrum of disciplines. This paper examines the role of social insurance law in inducing innovation incentives. We consider a simple model where R&D employees transfer knowledge from SOEs to privately-owned enterprises by job hopping, and argue that mandatory social insurance contributions may implicitly decrease the mobility of R&D employees, which incentivizes SOEs to invest more in R&D and produce more patents. In order to test this theory, we use the data of nonfinancial listed firms over 2007-2017 and a quasi-natural experiment based on the enactment of China’s Social Insurance Law in 2011. The empirical results are consistent with the predictions of our model.


主讲人简介

刘贯春,中山大学岭南学院副教授、博士生导师,主要研究方向为金融体制改革与中国经济增长、企业投融资决策。近年来,研究成果发表于Journal of Corporate FinanceJournal of International Money and FinanceChina Economic Review及《经济研究》、《管理世界》、《经济学季刊》、《世界经济》、《中国工业经济》、《管理科学学报》等国内外知名期刊。曾获邓子基财经学术论文奖、洪银兴青年经济学者奖和“当代经济学”博士创新项目等,主持国家自然科学青年基金项目和上海市“晨光计划”项目。