主讲嘉宾：Prof. Wang Zheng

讲座时间：2025年4月18日（星期五）上午09:00

讲座地点：重庆大学B区经济与工商管理学院103教室

嘉宾简介：

Wang Zheng是中国香港城市大学的正教授，协理副校长（Associate Vice President）。Prof. Wang Zheng近年来在The Accounting Review，Contemporary Accounting Research，Organization Science，Production and Operations Management等UTD24和FT50期刊发表论文十余篇，是享有盛名的知名学者。她同时在Production and Operations Management, Journal of Accounting, Auditing and Finance, Asia-Pacific Journal of Accounting and Economics等期刊担任副主编或编委的职务。

讲座摘要：

Arguably, one of the primary drivers of innovation is the spread of innovative knowledge. In this paper, we use firms’ references to existing patents from foreign origins as a novel measure to trace the flow of knowledge across national borders and explore the potential role of foreign institutional investors in facilitating global knowledge diffusion. Our empirical analyses provide robust evidence on a significant and positive relationship between foreign institutional ownership and the frequency of investee firms citing patents from the home countries of the foreign institutional investors. These citations signify the diffusion of innovative knowledge originating from the home countries of foreign institutional investors to the investee firms. To establish causal inferences, we employ two quasi-exogenous shocks that result in changes to firms’ foreign institutional ownership. Our results further suggest that foreign institutional investors from more culturally, linguistically, and geographically distant countries and those focusing on long-horizon or high-tech investment may play a more important role in disseminating innovative knowledge from their home countries.