4118云顶集团经济学前沿高端讲座第二十二讲

Environmentally-Inclined Politicians and Local Environmental Performance: Evidence from Publicly Listed Firms in China

主讲人：任泓霖讲师（中国人民大学商学院）

主持人：张岸洲助理教授（4118云顶集团李安民经济研究院）

嘉宾介绍：游宇教授（4118云顶集团李安民经济研究院）

时间：2023年5月6日（周六） 10：00-11：30（北京时间）

地点：4118云顶集团崇山校区五洲园一楼会议室

线上地址：腾讯会议：300 7551 6895

语言：中文/英文

摘要：

We study how environmentally-inclined politicians (EIPs), i.e., politicians with prior environment-related working experience, affect local environmental performance in China. We find that firms located in cities with EIPs have lower levels of sulfur dioxide (SO2) emissions. The effect is attenuated when the politician is in his/her second term and among firms that are economically important. Firms in cities with EIPs commit less environmental violations, receive more green subsidies from the local government, and choose to establish new polluting subsidiaries in cities without EIPs. Furthermore, these EIPs do not have inferior economic performance and their promotion likelihood is negatively related to local emission levels. The findings overall suggest that local officials strategically leverage their expertise in environment protection to allocate more effort on environmental causes.

主讲人简介：中国人民大学商学院财务与金融系讲师，硕士生导师，金融学博士，中国人民大学“杰出学者”青年学者。她博士毕业于佐治亚州立大学商学院金融系，研究生毕业于雪城大学商学院金融系，本科毕业于复旦大学管理学院财务管理系。任泓霖的主要研究领域聚焦于机构投资者及其在金融市场的作用, 主持国家自然科学基金青年项目。她的研究成果发表于Journal of Financial Economics, Journal of Financial and Quantitative Analysis，Review of Financial Studies，Journal of Futures Markets, Journal of Commodity Markets等期刊上。