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caolihong 姓 名: 曹立竑
系 别: 会计系
职 称: 助理教授
办 公 室: 工商管理学院办公楼324
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E-mail: caolhjy@gmail.com

个人简介

曹立竑,博士,现为湖南大学工商管理学院会计系助理教授,硕士生导师,主要研究领域为公司财务、资本市场和公司治理。已在国内外期刊、会议上发表论文数篇。曾获湖南大学优秀毕业论文指导教师、欧盟伊拉斯谟奖学金、湖北省优秀学士学位论文、华中科技大学学习特优生等奖励或荣誉。

教育背景

2010-至今

  

比利时安特卫普大学

  

金融学

  

博士在读

2007-2013

  

华中科技大学

  

管理学

  

博士

2003-2007

  

华中科技大学

  

财务管理

  

学士

职业经历

2013.4~至今

湖南大学工商管理学院会计系助理教授

讲授课程

1、ACCA 《Financial Accounting》

2、ACCA  Taxation

3、会计专业英语

研究领域

1. 公司财务

2. 资本市场

3. 公司治理

研究成果

1、论文

[1]Beuselinck C, Cao L, Deloof M, et al. The value of government ownership during the global financial crisis, Journal of Corporate Finance, 2016, Forthcoming.

Abstract:This paper examines the value of government ownership in Europe during the global financial crisis. This crisis was an exogenous shock for European firms, which allows us to observe an out-of-equilibrium effect on the costs and benefits of government ownership. Using a comprehensive sample of 4,737 listed firms in 28European countries over the period 2005–2009, we find that firms with government ownership experienced a smaller reduction in firm value than firms without government ownership. This effectwas driven by firms located in countries where the risk of expropriation by the government is lower, that is,countries with less corruption and better investor protection.

[2]Cao L, Xia X, Wang Y. Market Timing with Security Offering Regulations: Evidence from Private Placements of Chinese Listed Firms. Emerging Markets Finance and Trade, 2013, 49(S2): 91-106.

Abstract: In the context of China’s strict security-offering regulations, we examine market timing by linking firms’ decisions to withdraw private placement (PP) proposals to changes in market condition during the approval process. We reveal that timing based on the strictness of the security-offering regulations is as important a dimension of market timing as timing based on the issuers’ market valuations is. A firm’s probability of withdrawing its PP proposal is negatively related to changes in its market-to-book ratio and changes in the strictness of regulations, measured by changes in the issue market (hot/cold) occurring between proposal announcement and outcome day. PPs for investment financing have more pronounced timing effects than PPs for asset restructuring

[3]Zhang W, Cao L. Family involvement, internal control and agency costs – Evidences from China's listed family firms. Perspectives in Science, 2016, 7: 45-51

Abstract:This study examines the agency costs of 314 family firms listed on Shanghai and Shenzhen Stock Exchange in China. The results show that agency costs of family firms increase significantly with the enhancement of family's ownership and the separation of ownership and control, while family involvement in management can reduce the agency costs. By including the variable proxying internal control and the interaction term between internal control and family involvement in the empirical model, we still find that the effects of family involvement on agency costs are contingent on the quality of internal control. 

[4]胡泽,夏新平,曹立竑. 金融危机时期商业信用的产品市场竞争动机. 金融研究, 2014, (2): 84-97.

摘要:本文从全球金融危机的视角,基于我国A股上市公司2005年到2011年的面板数据,检验了商业信用的产品市场竞争动机。结果发现,即使受到金融危机的影响,企业依然有较强的意愿将商业信用作为一种产品市场竞争手段。进一步的研究发现,民营企业比国有企业将商业信用作为产品市场竞争手段的意愿更强,而且金融发展水平的提高可以帮助企业更好地发挥商业信用的产品市场竞争作用。本文一方面借助金融危机这个外生事件,深化了商业信用的产品市场竞争假说;另一方面从产品市场竞争的角度,为金融发展如何促进经济长期增长提供了新的解释。

[5]Market Conditions and Private Placements in China. Proceedings of 2011 Sino-Australia International Conference on Accounting and Finance.

[6]Market Reaction to the Withdrawal of Private Investments in Public Equity. The 10th International Conference on Management and Service Science, Wuhan, August 2010.

[7]定向增发发行特征对其公告效应影响实证研究. 武汉理工大学学报 (信息与管理工程版), 2009, 31(2): 333-337.  

 

2、研究项目

主持

[1]国家自科基金青年项目:发行管制下上市公司定向增发中的市场时机行为研究(71502055),2016-2018

参与

[1]国家自然科学基金面上项目: “意见领袖”角色定位下证券分析师预测对市场情绪的干预机制研究(71572054),主持人:丁方飞,2016-2019

[2]国家自科基金青年项目:信息不对称、利益输送与定向增发(70802023),主持人:汪宜霞,2009-2011

[3]教育部博士点基金项目:定向增发与利益输送(200804871139),主持人:汪宜霞,2009-2011

 

 

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