Time: 15:30, December 2, 2019, Monday 

Venue: Room 208, 4th floor, Beijing Normal University 

Speaker: Cai Weixing 

Brief Introduction of the speaker:

　　Cai Weixing, Ph.D in Economics from Beijing Normal University, Nanling Scholar of Guangdong University of Finance and Economics, vice President of School of Finance, Executive Director of Pearl River Delta Technology and Finance Industry Collaborative Innovation Development Center, leader of innovation team of guangdong Province, has presided over more than ten projects, including key projects of national Social Science Fund and Youth Projects of National Natural Science Fund and has published more than 20 papers in important journals at home and abroad, such as Management World, Financial Research and International Journal of Accounting. Among them, there are 11 a-class journals of the Management Science Department of The National Natural Science Foundation of China, and 4 ABS3-star journals. Policies should be submitted to central authorities such as the General Office of the CPC Central Committee, The State Council, and the Ministry of Industry and Information Technology.

Topic:

 Dialect and Financial Development: Empirical Evidence from the Offsite Expansion of Urban Firms : Main Content: As Zingales (2015) pointed out, the role of culture has been neglected in financial studies for a long time.  This paper examines the role of culture in financial development by taking dialect as a symbol of culture and using the data of the expansion of city firms in different places.  The results show that after controlling for a series of factors such as geographical distance, bank characteristics and city characteristics, urban firms are more inclined to open branches in the same dialect area.  In terms of the influence mechanism, we examine the communication effect and trust effect of dialect, and find that it is mainly the trust attached to dialect that expands in different cities. In terms of economic consequences, we find that urban firms that expand in the same dialect area have higher performance and lower risk.  The research of this paper has important enlightening value for understanding the cultural factors in financial development.

Those who are interested in this topic are welcome to 

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