财务与金融系学术讲座系列2021年第7讲

主 题：与政府签订合同中的私有信息成本

主讲人: 李宁忠(德克萨斯大学达拉斯分校副教授)

协调人: 陈俊、许年行

时 间：2021-06-04 09:30

地 点：Zoom会议室

语 言：英文

地点：Zoom会议室

https://us02web.zoom.us/j/84018204801?pwd=TVk4cnBwM3lGa1JNYWJRTWhNNEdrQT09 

会议 ID：840 1820 4801

密码：078952

讲座摘要:

We argue that contracting with the federal government involves significant proprietary information cost due to regulations requiring contractors to provide confidential information, which may then become available to outsiders via Freedom of Information Act (FOIA) requests. We provide evidence by showing that firms become more willing to bid for government contracts after a recent Supreme Court ruling on FOIA that improves information protection for contractors, and the effect is stronger when the contracts incur higher information cost for contractors. In addition, stock prices of firms with larger amounts of government contracts respond more positively to the ruling.

主讲人简介:

Ningzhong Li is an associate professor of accounting at the Naveen Jindal School of Management of University of Texas at Dallas. His primary research interests lie in the fields of accounting and financial contracting, IO and accounting, corporate disclosure, and macro-economy and firm performance. In these areas, Professor Li has published many papers in top accounting and economics journals including The Accounting Review, Review of Accounting Studies, Contemporary Accounting Research, Journal of Accounting Research, and Journal of Accounting and Economics.