一、报告题目：
Innovation Diffusion in a Network of Corporate Boards
二、报告人：
Re-Jin Guo (郭瑞珍), Professor, Department of Finance, University of Illinois at Chicago
三、报告时间：
2018年11月27日 （周二） 下午15:00-16:30
四、报告地点：
知新楼B423
五、报告人简介：
郭瑞珍，伊利诺伊大学芝加哥分校工商管理学院金融系教授，1999年毕业于明尼苏达大学获得金融学博士学位。主要研究方向为公司治理、股权市场机制、公司信息披露政策、资本市场分析师行为等。担任Review of Pacific Basin Financial Markets and Policies副主编、Corporate Governance: An International Review编辑评审委员会成员，Journal of Business, Economics, and Statistics（2012-2016）副主编。曾在Journal of Finance, Journal of Financial Economics, Journal of Accounting Research, Journal of American Statistical Association等国际顶尖期刊发表其研究成果。
六、 报告摘要：
Using a large panel data set of corporate directors of S&P 1500 firms over the period 1996 to 2010, we report that innovative firms with large patent portfolios are more central in the network of corporate boards. Directors serving on central boards and innovative firms are more likely to receive higher compensation and be hired as directors for other firms. We find that firms with increased centrality from adding directors inside the network are more likely to increase subsequent R&D activities and improve innovation capability, with robust results in experiments using exogenous shocks to board director hiring (SOX in 2002 and NYSE/NASD in 2003) and to patent application disclosure (American Inventor's Protection Act in 1999). Overall, the results are consistent with the hypothesis that information diffusion of innovation activities via shared director(s) can be a major determinant of the formation and dynamics of the network of corporate boards.
七、主办单位：
山东大学经济学院
