我院丁文捷助理教授荣获第二十一届中国实证会计研讨会优秀论文提名奖

　　近日，第二十一届中国实证会计研讨会论文评审结果揭晓，我院丁文捷助理教授的论文“Corporate Site Visits and Management Range Guidance”荣获优秀论文提名奖，合作者为卡迪夫大学Mengjia Li、Qingwei Wang教授，澳门大学Jason Zezhong Xiao教授。

　　

论文摘要

Abstract

　　

　　Based on a unique dataset in China from 2012 to 2020, we show a novel adverse consequence of corporate site visits: it boosts managers’ overconfidence. We find that more frequent site visits before the release of management range guidance lead to more miscalibrated and optimistic manager earnings forecasts. Our finding is robust to alternative econometric specifications and robustness tests. Investigating the plausible underlying mechanisms, managers’ confidence is more subjective to the effect of site visits when visitors are more optimistic. This finding substantiates the social transmission explanation that firm managers acquire overconfidence from visitors during site visits. We find little support for the argument that managers proactively release optimistic forecasts to impress investors.

 

关键词

Keywords

 

　　Corporate site visits;

　　Management range guidance;

　　Managerial overconfidence;

　　Cognitive bias;

　　Social transmission;

　　Organizational impression management

　　

作者简介

　　
       丁文捷，现任中山大学商学院助理教授，硕士生导师，中山大学“百人计划”引进人才，CFA持证人，英国高等教育学会会士。博士毕业于卡迪夫大学商学院。研究兴趣包括行为金融学、资产定价、公司治理等。论文发表于Journal of Empirical Finance、Review of Quantitative Finance and Accounting等国际知名学术期刊上。