演讲人：曾帅（华东师范大学）

时间：2024年10月15日（周二）10:30-11:30

地点：同济大厦A楼505室

同步#腾讯会议：824625048

会议密码：995671

或参会链接：https://meeting.tencent.com/dm/To6YFGJy293G

摘要：This study investigates the phenomenon of firms hedging environmental regulation costs through investments in tax havens. We match outward direct investment (ODI) data of Chinese manufacturing firms with their operational data and utilize the variation in provincial-level pollutant reduction targets to develop our difference-in-differences (DiD) empirical strategy. Our baseline results verify that stronger environmental regulatory pressure makes manufacturing firms more inclined to invest in tax havens to offset increased costs, which remains robust under a series of robustness checks. Mechanism tests further reveal that financial constraints and government-firm collusion act as internal and external incentives, respectively, for such tax haven investments, amplifying the main effect.

简介： 曾帅，华东师范大学经济与管理学院讲师。2023年毕业于复旦大学经济学院，获经济学博士学位。主要研究领域为国际贸易和国际投资。研究成果在《金融研究》、《南开经济研究》、Journal of International Money and Finance、China Economic Review 等国内外权威期刊发表。