SPEAKER: 张闫龙，副教授，北京大学光华管理学院
TIME/DATE: 2024.12.2  10:00
CLASSROOM: A505

ABSTRACT

This study investigates self-serving attributions of negative firm performance (negative earnings surprise) to country risk by the CEOs of cross-listed companies. We interpreted this as a unique form of the CEO’s impression management effort to avoid the blame for poor firm performance and defend her leadership efficacy against the criticism of internal and external firm constituents. The recent rise of geopolitical risk made it more likely for the CEOs to engage in this country risk attribution of negative firm performance, and the CEOs effectively achieved the goal of the external performance attribution by decreasing their dismissal likelihood. The efficacy of this impression management tactic, however, was significantly constrained by two distinctive monitoring mechanisms – one by the stock recommendation decrease of the host country financial analysts and the other by the local directors who better understand the realities of institutional contingencies at the home country. We test our hypotheses utilizing the panel data for 430 Chinese companies listed on U.S. stock exchanges between 2010 and 2022.

GUEST BIO

张闫龙，现任北京大学光华管理学院组织与战略管理系副教授，教育部“青年长江学者”，MBA项目执行主任，北京大学国家高新技术产业开发区发展战略研究院副院长。2002年和2005年分别获得北京大学社会学学士、硕士学位；2012年获得美国杜克大学社会学博士学位。研究领域主要包括组织理论、社会网络、企业社会责任、创新创业、制度扩散。在Academy of Management Journal, Organization Science, Academy of Management Annals, Journal of Business Venturing等国内外管理学和社会学期刊上发表数十篇学术论文。2021年起担任Management and Organization Review (MOR) 高级编辑。2016年获得北京大学教学优秀奖，教育部英语授课品牌奖。2018年获北京大学青年教师教学比赛一等奖。2020年获嘉里集团郭氏基金树人奖教金。2021年获得北京市高校首届教学创新比赛一等奖，第十五届“厉以宁科研奖”。