主讲嘉宾：曾诚教授

讲座时间：2025年12月26日（周五）下午15:00

讲座地点：重庆大学沙坪坝校区B校园经济与工商管理学院101学术报告厅

嘉宾简介：Cheng (Colin) Zeng is an Associate Professor of Accounting at The Hong Kong Polytechnic University. Prior to joining PolyU, he held academic positions as an Assistant Professor at the University of Bristol and as an Associate Professor at the University of Manchester. His research interests are broad, encompassing accounting, finance, and economics. Specific areas of focus include the influence of political and regulatory factors on financial reporting, International Financial Reporting Standards (IFRS), and China-related topics. His work has been published in leading academic journals such as the Journal of Accounting Research, The Accounting Review, Management Science, Contemporary Accounting Research, Accounting, Organizations and Society, and Production and Operations Management, among others. In addition to his research, Colin serves as an Associate Editor for Abacus and the British Accounting Review.

讲座摘要：The governance role of financial information is important but has historically received relatively limited attention. Leveraging China’s Financial Accounting Standard (FAS) 2018 No. 15, which requires firms to disclose R&D expenses as a separate line item in their income statement rather than aggregating them under administrative expenses, we examine whether such disaggregation enhances external monitoring of managerial behavior. Using a difference-in-differences design, we find that firms that are more affected by the disclosure rule experience a significantly larger decline in perks embedded within administrative expenses. Additional analysis indicates that increased granularity in financial reporting strengthens external oversight, reinforcing the role of financial disclosures as an effective corporate governance mechanism. We also show that investors revise their interpretation of the remaining components of administrative expenses after R&D is reported separately. Overall, our findings offer new insights into the role of disaggregated financial information in strengthening corporate governance.