各位同學好，

財金系擬於 9/18 (五) 邀請淡江大學的黃河泉教授至本所進行專題演講，相關訊息如下：

時間: 9/18 (五) 10:30-12:00
地點: 管理學院一號館4樓405教室
講者: 黃河泉教授
講題: Large Boards Die Hard: Evidence from China

Abstract:
This study uses a large sample of Chinese listed firms covering 1999-2014 to examine the effect of board size on future stock price crash risk. The evidence indicates that board size is significantly associated with lower firm-specific crash risk, a result consistent with the resource dependence theory that a large board is endowed with rich resources. The effect of board size on crash risk is present only in the non-financial crisis period, attenuated by the number of co-opted directors, enhanced by the number of non-co-opted independent directors, and more pronounced with older and higher-educated board directors. The effect of board size on crash risk is found stronger in SOEs (state-owned enterprises) than non-SOEs, implying that a close connection with government effectively decreases crash risk.