主讲嘉宾：王可 副教授

讲座时间：2025年5月7日（周三）上午10:00

讲座地点：002cc白菜资讯B区全讯白菜网002103教室

嘉宾简介：

王可毕业于中国香港城市大学，现就职于加拿大阿尔伯塔大学（University of Alberta），副教授（tenure-track）。王可副教授近年来在Contemporary Accounting Research，Organization Science等UTD24和FT50期刊发表论文四篇，在Accounting Horizons，Journal of Accounting and Public Policy等其他国际权威期刊发表论文五篇，同时担任Managerial Auditing Journal副主编，Corporate Governance: An International Review编委成员，以及Contemporary Accounting Research，Journal of Financial and Quantitative Analysis，Production and Operations Management，Journal of Business Ethics等顶级期刊审稿人。

讲座摘要：

Using a stacked difference-in-differences analysis of a large sample of international syndicated loans, we show that the extraterritorial enforcement of the US Foreign Corrupt Practices Act (FCPA) in foreign OECD countries reduces borrowings from US banks by firms in those countries. The effect is stronger for borrowing firms with operations in high-corruption countries, those in countries with a greater cultural difference or geographical distance from the US, or those in countries with greater credit availability. In addition, the reduction is concentrated among US lead banks and US non-relationship banks. Furthermore, we find that domestic banks in foreign OECD countries that experience FCPA enforcement capture a portion of the market share previously held by US banks. Finally, we show that FCPA enforcement is associated with a decline in US banks’ short-term operating performance. Overall, our results suggest that foreign firms in enforced OECD countries may be less inclined to borrow from US banks because borrowing from US banks could further increase their enforcement risk and compliance cost in association with the FCPA.