一、主題：Employee Stock Ownership Plans and Corporate Strategic Aggressiveness

二、彙報人：喬靖媛 2019級金融學博士研究生

三、時間地點：2024年9月7日下午14:00點，沙河校區3号樓217

四、報告簡介：我院博士研究生喬靖媛與bevictor伟德官网吳锴副教授合作的論文《Employee Stock Ownership Plans and Corporate Strategic Aggressiveness》經過評審應邀參加“2024第三屆國際金融年會”。喬靖媛同學将在校内就該參會論文做出學術報告。

五、報告摘要：This study examines the impact of employee stock ownership plans (ESOPs) on corporate strategic aggressiveness in Chinese listed firms. Using a sample of 23,873 firm-year observations from 2011 to 2022, we find that adopting ESOPs is positively associated with measures of strategic aggressiveness. This effect is more pronounced in firms with lower pay disparity between executives and employees, less internationally experienced boards, and higher levels of social trust. Our results suggest that ESOPs can align employee and shareholder interests, foster long-term orientation, and encourage risk-taking, influencing corporate strategy. The findings highlight the importance of considering contextual factors when studying the implications of employee ownership.

六、參加會議簡介：國際金融年會（ Annual International Finance Conference，AIFC）的發起單位為南昌大學和亞太應用經濟協會（Asia-Pacific Applied Economics Association，APAEA）。自2022年以來，AIFC已成功舉辦兩屆，參會人員來自國内外知名高校、科研機構組織。2024年7月12日至14日，第三屆國際金融年會在南昌舉辦，年會主題涵蓋亞太及全球範圍的相關金融研究話題，會議支撐期刊包括《Pacific-Basin Finance Journal》、《系統工程理論與實踐》等。

撰稿：喬靖媛

初審：趙學輝

終審：魏旭