主讲人：多伦多大学 李楠教授
主题：Labor Market Peer Firms
主持人：金融学院周玮老师
时间：12月14日（星期一）下午14:30——16:30
地点：柳林校区 格致楼 411教室
主办单位：西部商学院 科研处
摘要:
I propose a new measure of firms’ economic linkages by analyzing employees’ internet cosearch patterns on LinkedIn, a professional networking and corporate recruiting website. Labor market peer firms (LMPs) (1) overlap but differ from standard output-market-based industry groupings; (2) exhibit significant incremental power to explain stock return and earning comovements;(3) outperform standard industry groupings to explain return comovements when LMPs share more labor market skills with the bas firm. My results highlight the potential of using employees’ collective wisdom - extracted from the internet - to measure input market linkages that are not identified by standard industry measures.
主讲人简介：
李楠教授现任多伦多大学罗德曼商学院会计学教授。于北京大学中国经济研究中心获得经济学硕士学位，于芝加哥大学巴斯商学院获得博士学位。研究方向主要为社交媒体与资本市场、财务报告与公司信息披露、劳动经济学、社交网络、股利政策等。其论文Payout policy through the financial crisis: The growth of repurchases and the resilience of dividends于2015年发表于国际顶级期刊 Journal of Financial Economics。
