主题：Culture and Bank Expansion

主讲：孔东民 教授

会议时间：2023年12月25日 13:30-15:00

会议地点：半岛·体育bob官方网站714会议室

内容简介:This paper investigates the effect of cultural differences on bank branch expansion. China has a unified official language but still hosts 17 dialect areas representing different cultures, which provides us with a unique opportunity to identify the effect of cultural differences by comparing bank expansion across dialect boundaries. Our spatial regression discontinuity design shows that cultural differences act as a hindrance to bank branching, and that the effect persists for more than 30 years in a bank's life cycle. A plausible mechanism is broken trust across the dialect group boundaries. The branching gap caused by cultural differences also increases firms' financing costs and reduces firms' leverage and investment. Our findings highlight the important role of cultural proximity in shaping a bank's branch network and corporate financing.

嘉宾简介：孔东民，华中科技大学半岛·体育bob官方网站，二级教授，博士生导师。主要研究公司金融、企业行为与发展等。先后入选不同层次国家级人才计划（2015，2021）与中宣部文化名家暨“四个一批”人才（2022）。在Journal of Law and Economics, Journal of Public Economics, Management Science,《经济研究》《金融研究》《经济学季刊》等国内外期刊发表论文三百余篇。担任国家社科基金重大项目首席专家，主持多项国家自然科学基金，并承担财政部、国资委、国开行、建设银行、上交所、邮储银行（湖北）、武钢集团等机构的多项联合研究课题。任Economic Analysis and Policy联合主编以及《金融学季刊》PBFJ, JEBO, IJFE等期刊副主编或客座主编。多次荣获校师德先进个人奖、三育人奖以及湖北省社会科学优秀成果奖。