論文題目：Connections in troubled times: the impact of interlocking bank directorates in Republican China
摘要：I employ a sample of modern Chinese banks in the 1930s to investigate how board connections in an inter-bank network affect their corporate policy decisions. I construct bank networks based on interlocking directorates for the period 1933 - 1936 and find evidence that corporate decisions of banks are influenced by their social peers — the more directors two banks share with each other, the more similar are their corporate strategies. The analysis also reveals that peer behavior affects a bank’s own decisions not only at the bilateral level but network-wide. Banks with a central position in the boardroom network make the corporate decision less distinctively. Further, the empirical outcomes show that co-moved corporate policies are mainly driven by banks’ intentions to pursue profits and eliminate risks, known as profitability and insurance effects. Overall, the findings support the view that banks cooperate intimately with each other at board level and interlocking directorates were a critical channel for sharing managerial practices in the 1930s.
時間：2021年4月15日18:30——20:30
地點：文泉樓南207
主講人簡介：孔令宇，澳大利亞阿德萊德大學經濟學博士，現在澳门永利集团304官网手机經濟史研究中心擔任講師。研究方向為量化經濟史，研究興趣包括金融發展，民國銀行和社會網絡分析。
評議人簡介：李小克，澳门永利集团304官网手机教師，研究方向：偏向性技術進步研究（生産率、資源配置扭曲）。
