时间：2024年09月23日14:00-15:30

地点：北师大珠海校区励教楼E106会议室

主题：What Drives Firms’ Belt and Road Strategy, Performance, and CSR?

主讲人：北京师范大学-香港浸会大学联合国际学院Alex Ng教授

主办单位：北京师范大学一带一路学院

会议语言：英语

主讲人简介：

Dr. Alex Ng is an accomplished and passionate Professor in Finance. As a foreign expert, he has research and teaching experience and accomplishments at United International College, Zhuhai, China. In Canada, he teaches finance at Thompson Rivers University, BC and leadership to undergrad and graduate MBA students. He completed his Doctorate Business Administration at Nova Southeastern University, Florida. Alex is an expert on international finance, corporate social responsibility, sustainability, and climate change. His current research focuses on multidisciplinary finance topics on China, the Belt and Road Initiative and clean energy. His research is published in Social Sciences and Humanities Communications (Nature), as well as in highly ranked journals like Energy Economics, Journal of Banking and Finance, and Journal of Business Ethics. He has won three national research grants in Canada.

内容简介：

The “Belt and Road Initiative” (BRI) may be the greatest cooperation endeavor in the world. How do firms pursuing BRI perform? There is a scarcity of firm-level BRI studies and no empirical test of the strategy tripod, which includes institutional, industry, and resource-based views. Thus, we are motivated to test the strategy tripod on performance, employment, and business resilience. Moreover, there is no theoretical mechanism linking BRI strategy to firm outcomes. Hence, we create an institutional theory-based model with mechanisms by which BRI creates performance, CSR, and resilience. To empirically examine this novel model, we develop a portfolio of BRI firms and non-BRI competitors in which BRI is the treatment variable. Then, we undertake PSM-DID panel analyses on Chinese listed companies from 2011 to 2020. The findings demonstrate that BRI firms are more profitable, hire more people, and are more resilient than non-BRI firms. As the treatment factor for institutional theory, BRI does explain performance, CSR, and resilience. Furthermore, private control also benefits BRI firms. In particular, we find out that BRI firms in the East Coast region perform better than those from other regions. Our findings yield management decisions about whether to join BRI and policy conclusions about how to advance the BRI. We affirm that all three theories of the strategy tripod explain the performance and CSR of Chinese BRI firms. Thus, as the modern Silk Road, BRI does develop prosperity.