一、主題：Are Female Executives Better Innovators?

二、主講人：高磊，愛荷華州立大學Ivy商學院金融學助理教授。喬治亞大學金融博士畢業。主要研究領域：金融市場、微觀結構、資産回報預測、實證公司财務、公司監管、企業文化、文本分析和機器學習等。高磊教授的研究成果發表在Journal of Financial Economics、Journal of Corporate Finance、美國科學院會刊（PNAS）等國外金融界高水平期刊上。

三、時間：2018年11月20日（周二），10:30-12:00

四、地點：沙河校區主教208

五、主持人：朱一峰，bevictor伟德官网講師

六、項目支持：本項目由“bevictor伟德官网國際合作處引智項目”支持

Abstract: We find that firms with female executives tend to obtain more patents and citations for given R&D expenditures. A female executive is associated with approximately 50% and 45% standard deviation more patents and citations. Investigating the underlying mechanisms, we find that the positive association between female executives and corporate innovation is weaker when institutional ownership is higher and when the number of analyst following is more, consistent with the conjecture that female executives are more careful and effective in companies’ R&D policy making, particularly in the absence of external monitoring. We are not arguing that females are in general more innovative, instead, it does seem that the female executives are more capable of helping the company to become more innovative because of stricter hiring standards.