講座嘉賓

戚亞烜

時間

2024年11月13日，周三，10:00-11:30

地點

學術會堂 603

講座題目

Global Supply Chain Adjustment under the US Sanctions: Firm-level Evidence

摘要

This study investigates the impact of U.S. sanctions on global supply chains, focusing on how firms linked to sanctioned entities adjust their supplier networks. We find that affected firms sever ties with both sanctioned and unsanctioned suppliers while expanding their supplier bases and increasing geographic diversification. We discover a heterogeneity effect across affected firms: those in sanctioned countries tend to reshore, whereas firms in non-sanctioned countries primarily focus on diversification. High-tech firms show greater sensitivity to sanction risks, and firms with U.S. political connections experience fewer disruptions. Overall, firms weigh political risk against economic efficiency when restructuring their supplier networks.

主講人

戚亞烜博士現任香港城市大學經濟金融系副教授. 研究興趣包括企業融資和債務契約、跨國公司财務管理、可持續金融、以及政治和制度經濟學。其論文發表在國際頂級期刊比如Journal of Financial Economics, The Accounting Review, Journal of Law and Economics, Journal of Public Economics, and Journal of International Business Studies. 現任Journal of Financial Stability 副主編。曾任加拿大康考迪亞大學助理教授、副教授，Manulife Chaired Professor in Financial Planning, 牛津大學商業稅務研究所訪問學者。美國羅格斯大學金融學博士，中國人民大學金融學碩士，韦德体育bevictor投資學、法律學雙學士。

主辦方

韦德体育bevictor中國金融發展研究院

講座地址

韦德体育bevictor（學院南路校區）北京市海澱區學院南路39号

END

撰稿：陳翀

海報：李鈞楊

審稿：趙陽

編輯：沈嘉怡

審核：王穎