光华讲坛

主 题：Structural Estimation Approach in Managerial Compensation Research

主讲人：纽约城市大学巴鲁学院 (Baruch College, City University of New York) 李辰（Chen Li）教授

时 间：2016年7月28日下午2:00-4:00

地 点：西南财经大学柳林校区通博楼D207会议室

主 办：会计学院科研处

主讲人简介：Chen Li, Assistant Professor of Accountancy at Baruch College, City University of New York, 毕业于卡内基梅隆大学(Carnegie Mellon University) ，目前担任纽约城市大学巴鲁学院会计学助理教授，主要研究领域为公司治理，管理层薪酬，结构化模型（Structural Estimation）在薪酬研究中的应用。

论文摘要：

This lecture attempts to help students get familiar with the research topics covered and the methodologies used in the empirical literature of executive compensation. It summarizes the findings in recent literature around three topics: (1) Does executive compensation respond to certain agency problems caused by the friction of information asymmetry? (2) Do compensation contracts affect executives’ behaviors? (3) Are the observed features of executive compensation consistent with theoretical prediction on optimal design? Also, it compares the advantages and disadvantages between the reduced-form approach which is more traditional and the structural approach which has attracted more and more attention in accounting research in the past few years. If time is allowed, an example of implementing the structural approach on a simple moral hazard model will be introduced to explore relationships between economic theory, identification, estimation and econometric practice.