近日，前湖金融研究会（以下简称“研究会”）成员南昌大学经济管理学院2021级金融学专业本科生雷正扬、2023级金融学硕士研究生肖玉涵与研究会指导教师南昌大学经济管理学院邢凯副教授、英国萨里大学商学院高级讲师张汉雄合作完成的学术论文《Academic independent directors and corporate misconduct: Evidence from China》成功发表在Research in International Business and Finance（SSCI一区）。近年来研究会学生多次在国内外高水平学术期刊上发表学术论文，彰显了研究会在拔尖创新人才培育工作中的显著成效。
This study empirically investigates the effect of academic independent directors on corporate misconduct. Using data on China’s A-share listed companies from 2009 to 2023, we find that a higher proportion of academic independent directors is associated with a lower likelihood of corporate misconduct. This finding remains robust after a series of robustness checks. Mechanism analyses indicate that academic independent directors mitigate corporate misconduct by strengthening corporate social responsibility, enhancing internal control quality, and reducing inefficient investment. Heterogeneity analyses show that the negative impact of academic independent directors on corporate misconduct is most pronounced in privately owned firms, firms with higher information opacity, and larger firms. Further evidence suggests that only academic independent directors with research experience at top universities or leading research institutions are effective in curbing misconduct. Moreover, academic independent directors significantly reduce disclosure, accounting, and operational misconduct, but do not meaningfully mitigate leadership-related misconduct.本研究实证检验了学术型独立董事对企业违规行为的影响。基于 2009—2023 年中国 A 股上市公司数据，研究发现：学术型独立董事占比越高，企业发生违规行为的概率越低。在经过一系列稳健性检验后，该结论依然成立。机制分析表明，学术型独立董事通过强化企业社会责任履行、提升内部控制质量、减少非效率投资，从而抑制企业违规。异质性分析显示，学术型独立董事对企业违规的抑制作用，在民营企业、信息透明度较低的企业以及规模较大的企业中更为显著。进一步研究发现，只有拥有顶尖高校或一流科研机构研究经历的学术型独立董事，才能有效抑制企业违规。此外，学术型独立董事能显著降低企业的信息披露违规、会计违规与经营违规，但对管理层相关违规的抑制作用并不明显。Stata基础薄弱、论文进展慢，但是你也想发核心期刊、参加学术竞赛和学术会议？不必担心，我们可以提供优质辅导，快点击下方图片链接了解更多详情吧！
10个月宝宝每天需要喝多少奶粉？
