时间：2025年5月27日10:00—11:30

地点：科研楼1115

主讲人：Dongyue (Tracy) Yang，堪培拉大学助理教授

题目：CEO Origin and Environmental Performance of the Firm

主讲人简介：Dongyue (Tracy) Yang博士现任堪培拉大学会计学助理教授和商科学士项目主任，主要教授管理会计、公司会计、会计信息系统以及审计等课程。加入堪培拉大学之前，她曾于2022年至2024年在纽卡斯尔大学新加坡校区担任助理教授，负责商科学士项目的协调工作，并兼任商学院行业咨询委员会成员。她的研究兴趣涵盖公司治理、监管变革、高管薪酬以及环境、社会和公司治理（ESG）等领域。Tracy是澳大利亚与新西兰会计与金融协会（AFAANZ）的活跃成员，致力于开展具有实际影响力的研究和卓越的教学工作。

Dongyue (Tracy) Yang is a Lecturer in Accounting and the Program Director of the Bachelor of Commerce at the University of Canberra. She teaches Management Accounting, Corporate Accounting, Accounting Information Systems, and Auditing. Before joining UC in January 2025, she worked as a Lecturer at the University of Newcastle’s Singapore campus from 2022 to 2024. During her time there, she coordinated the Bachelor of Commerce program and served as a member of the Industry Advisory Board for the Business Discipline. Her research interests include corporate governance, regulatory change, executive compensation, and Environmental, Social, and Governance (ESG) issues. Tracy is an active member of the Accounting and Finance Association of Australia and New Zealand (AFAANZ) and is dedicated to impactful research and teaching excellence.

Abstract: The origin of a firm's CEO -insider or outsider – has long been recognized as crucial for its financial and innovation performance. We extend this discussion by demonstrating that insider CEOs are associated with better environmental performance than outsider CEOs. In exploring the drivers behind this observation we find that firms with insider CEOs tend to invest more in innovative activities, which in turn leads to better environmental performance. This relation is particular pronounced during CEO turnover events especially when an insider CEO replace an outsider CEO after two to three years. One implication of our findings is that investors who prefer to invest in firms with low regulatory- and reputational-risk may consider insider CEO-led firms potentially safer and sustainable investment options.