主讲人Speaker: 宋扬    副教授    香港浸会大学

时间Date & Time: 2025年5月30日（周五），上午10:00--11:30

地点Venue:粤海校区汇星楼565会议室

内容简介/ Abstract:

Credit information sharing among lenders disciplines borrower behaviors and enables lenders to better screen and monitor borrowers. Using staggered reforms to European countries’ public credit registries as a shock to credit information sharing, we examine the impact of such sharing on borrowers’ financial reporting quality. Specifically, we focus on accounting information’s debt contracting value, which captures the extent to which a firm’s accounting information reflects its credit quality. We hypothesize and find a positive effect of credit information sharing on the debt contracting value of borrowing firms’ accounting information. This finding suggests that credit information sharing incentivizes borrowers to provide higher financial reporting quality for debt contracting purposes. We further document that the effect is stronger for firms that rely more on bank debt, those with a relatively weaker debt environment, and those that are more opaque to outsiders. Overall, our study provides novel evidence that credit information sharing generates a disciplinary effect on firms’ financial reporting quality.

主讲人介绍/Biography of the speaker：

宋扬博士是香港浸会大学工商管理学院会计、经济及金融学系系主任及会计学副教授。他于香港理工大学取得会计及金融博士学位，加入香港浸会大学前曾于John Molson School of Business，Concordia University任教。宋博士的主要研究方向包括债务契约，财务报告和审计。他的研究成果发表在The Accounting Review，Auditing: A Journal of Practice & Theory，European Accounting Review, Journal of Corporate Finance等著名学术期刊上。宋博士现在担任Accounting Forum的编辑。