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【明理講堂2023年第10期】3-23英國(guó)約克大學(xué)Jeff Jia 教授 :The impact of governmental COVID-19 measures on manufacturers’ stock market valuations: the role of la

報(bào)告人:Jeff Jia 教授英國(guó)約克大學(xué)

時(shí)間:2023年3月23日(周四)下午15:00-17:00

地點(diǎn):中關(guān)村校區(qū)主樓317

報(bào)告內(nèi)容簡(jiǎn)介:

This study investigates the impact of the Chinese government’s Level I emergency response policy on manufacturers’ stock market values. We empirically examine the roles of human resource dependence (labor intensity) and operational slack within the context of supply chain resilience. Through an event study of 1,357 Chinese manufacturing companies, we find that the government’s emergency response policy triggered statistically significant positive abnormal returns for manufacturers. However, we also find that there exists a negative impact on abnormal returns for manufacturers that are labor-intensive, giving rise to arguments based in resource dependence theory. In addition, the results indicate the positive role played by operational slack (e.g., financial and inventory slack) in helping manufacturers maintain operations and business continuity, effectively mitigating risks and adding to the manufacturers’ resilience. With these findings, we contribute to operations and supply chain management by calling attention to the importance of human resource redundancy while at the same time identifying financial slack and inventory as supply chain resilience strategies that were able to mitigate pandemic-related risks.

報(bào)告人簡(jiǎn)介:

Jeff Jia,英國(guó)約克大學(xué)(世界排名第150名)偉德國(guó)際1946bv官網(wǎng)供應(yīng)鏈管理首席教授(Chair Professor)、歐洲運(yùn)營(yíng)管理學(xué)會(huì)執(zhí)委會(huì)執(zhí)行委員。在UTD24、ABS4、ABS3等高級(jí)別國(guó)際期刊上發(fā)表論文100余篇(其中第一作者或通訊作者論文72篇),他引總數(shù)達(dá)到5300余次,H-指數(shù)40,3篇第一作者論文入選ESI高被引論文,并撰寫英文專著6篇。主持國(guó)際和國(guó)內(nèi)科研項(xiàng)目17項(xiàng),包含世界自然基金會(huì)項(xiàng)目、英國(guó)自然科學(xué)基金、牛頓基金、國(guó)家社會(huì)科學(xué)基金一般項(xiàng)目、教育部人文社科研究項(xiàng)目等。獲得包括國(guó)際管理學(xué)會(huì)年會(huì) (AOM) 運(yùn)營(yíng)與管理類最佳論文第二名等科研類獎(jiǎng)項(xiàng)8項(xiàng)。

(承辦:管理科學(xué)與物流系、科研與學(xué)術(shù)交流中心)

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