岭南学术论坛－经济学系列Seminar－Banking Competition and the Effectiveness of Environmental Regulation: Evidence from China

第562期岭南学术论坛（经济学系列Seminar）

报告题目：Banking Competition and the Effectiveness of Environmental Regulation: Evidence from China

报  告 人：周默涵（浙江大学，研究员）

主  持 人：杭静（中山大学岭南学院，助理教授）

时       间：2020年10月23日（周五）下午14:30-16:00

地       点：MBA楼402

语       言：英文+中文

Abstract:

Poor development in financial markets may hinder firms from achieving environmental regulation goals set by governments. By using a policy change of environmental regulation in China and exploiting cross-city variation in banking concentration, we study how competition in local banking market affects the effectiveness of environmental regulation. Results indicate that banking industry competition played a positive role in assisting firms' reduction in SO2 emission to meet environmental regulation targets. Firms located in cities where banking competition is fierce tend to invest more in desulphurizing capacities when faced with a tightening of regulation. Both long-term debt and current liability increased for firms in cities with tougher banking competition, suggesting these processes may be facilitated by bank financing. These results are indicative that a well-functioning banking sector plays a critical role for environmental regulation to be effective. 

报告人简介：

      周默涵，香港大学经济学博士，浙江大学“百人计划”研究员，博士生导师，现任教于浙江大学经济学院国际经济系。周默涵研究员于2008年获得武汉大学经济学与数学学士双学位，2013年博士毕业于香港大学经济与金融学院，2014-2018年间任教于中央财经大学国际经济与贸易学院，担任副教授；2018年作为“百人计划研究员”引进浙江大学。他的研究领域包括异质性企业理论和环境经济学，研究成果发表在Journal of Environmental Economics and Management，Canadian Journal of Economics，《世界经济》等国内外重要学术期刊。

       欢迎感兴趣的师生参加！

       中山大学岭南学术论坛分经济、金融和管理三个系列，是定期邀请国内外优秀学者前来开展学术交流的平台。每系列每个月定期举办2-3次。目前已经成功举办多期，并得到了各界的高度评价。