题目：How Financial Disclosure Affects Firms' Willingness to Engage in Technology Standard Setting: Evidence from Mandatory R&D Disclosure in China

主讲人：吴璇

地点：北京师范大学珠海校区励耘楼B310

时间： 2026年5月29日 下午14:00-15:30

摘要：Technology standard setting plays a crucial role in promoting technological advancements. Leveraging a unique setting in China, this study examines how financial disclosure regulations aimed at enhancing R&D reporting affect firms' willingness to engage in technology standard-setting activities. We hypothesize that mandatory R&D disclosure reduces firms' proprietary costs associated with standard setting. Consistent with our hypothesis, we find that mandatory R&D disclosure significantly increases the number of firms' participation in technology standard-setting activities. Further analysis reveals that this effect is more pronounced for firms with higher proprietary costs, better information environments, and those located in regions with stronger cooperative social norms. Our study highlights a potentially overlooked non-technological determinant of firms' technology standard-setting behavior. The findings suggest that accounting disclosure policies in the capital markets can have a real impact on firms' technology-related decisions.

技术标准制定在推动技术进步中发挥着关键作用。本研究利用中国的独特制度环境，探讨了旨在强化研发报告的财务披露监管如何影响企业参与技术标准制定活动的意愿。本文提出假设：强制性研发披露会降低企业在标准制定中面临的专有成本。与假设一致，研究发现强制性研发披露显著提高了企业参与技术标准制定活动的数量。进一步分析表明，这种效应在专有成本较高、信息环境较好以及位于合作型社会规范较强地区的企业中更为显著。本研究揭示了可能被忽视的、影响企业技术标准制定行为的非技术性决定因素。研究结果表明，资本市场的会计披露政策能够对企业的技术相关决策产生实质性影响。

个人简介：吴璇，2020年分别从西安交通大学和香港城市大学获得工商管理学和会计学博士学位，现任哈尔滨工业大学（深圳）经济管理学院副教授、博士生导师，深圳市海外高层次人才。主要研究领域为资本市场信息披露、公司治理等。在The Accounting Review、Journal of Business Ethics、《南开管理评论》、《会计研究》、《管理科学》、《中国管理科学》等国际国内期刊发表论文十余篇，主持国家自然科学基金青年项目。