经济学院2017年第六十五次学术讲座

主讲人：曹夏平

单位：中山大学岭南学院

题目：Political Affinity and FDI (政治偏好和外国直接投资)

时间：2017年10月27日（周五）上午10：00

地点：经济学院106教室

摘要：Wethoroughly investigate the relation of political stance and FDI flow between countries around the world. With voting data from the general assembly of UN, we construct political affinity to measure two countries’ similarity of political stance. There is a positive and significant relation between political affinity and FDI net inflow. In the endogeneity test, we use a country’s ascendance to non-permanent member of UN as the instrument to capture an exogenous variation to political stance with other countries, and find a causal effect on FDI. Cross-sectional identification tests suggest that the positive effect of political affinity on inflow of FDI depends on recipient country’s institutional quality and political status in multilateral political organizations. The research highlights the importance of political friction as impediment for FDI flow globally.

作者简介：曹夏平教授，本科毕业于华中科技大学经济学院，美国波士顿学院博士，曾任职于新加坡管理大学，现就职于中山大学岭南学院金融系，院长助理，博士生项目主任。曹夏平教授研究方向为资本市场，公司金融和私募股权，已在Journal of Financial Economics、Journal of Financial and Quantitative Analysis、Journal of Corporate Finance等权威期刊发表论文10余篇。