报告题目：Social credit and trade credit: Quasi-natural Experimental Evidence from China

报告所属学科：应用经济学

报告人：王青（江西财经大学）

报告时间：2023年3月7日 13:00-15:00

报告地点：腾讯会议 ID：385 137 083

报告摘要：

This paper explores the effect of social credit on firm-level trade credit by taking advantage of the staggered reform of China’s social credit system (hereafter “the reform”). We find that the reform improves firms’ access to trade credit in pilot cities, and the results are robust to a battery of robustness tests. Our findings are more pronounced for private firms without political connections, small firms, and those located in regions with weak formal institutions. The reduced default risk and better information quality are two plausible channels through which the reform increases trade credit. Further analysis shows that the increase in trade credit improves firm performance as measured by return on equity (ROE) and Tobin’ s Q. Overall, this paper highlights the importance of social credit in facilitating firms’ access to informal financing.

报告人简介：

王青，新西兰梅西大学金融学博士, 现任江西财经大学金融学院讲师，硕士生导师以及助理博士生导师。主要研究方向为公司金融，风险与私募投资。在China Economic Review、Economic Modelling、Emerging Markets Review等国际权威SSCI期刊发表论文十余篇，并担任多个国际权威期刊匿名审稿人。有丰富的全英文、以及中英文双语教学经验。