题目：Does Literacy Education Matter for Career Outcomes?Evidence from Sell-Side Analysts
时间：2024年5月30日（周四）9:30-12:30
地点：体育外围平台APP紫金港校区体育外围平台APPA423
主讲人：曾诚副教授，香港理工大学
主持人：王文明研究员，体育外围平台APP
主讲人简介：
Cheng (Colin) Zeng serves as an Associate Professor of Accounting at the Hong Kong Polytechnic University. Prior to joining PolyU, Colin held positions as an Assistant Professor at the University of Bristol and an Associate Professor at the University of Manchester. His research interests are diverse, spanning accounting, finance, and economics. Some of his research areas include the influence of political and regulatory factors on financial reporting, International Financial Reporting Standards, and China-related research. His research has been published in prestigious journals such as the Journal of Accounting Research, The Accounting Review, Management Science, Contemporary Accounting Research, Accounting Organizations & Society, and Production and Operations Management, among others. Additionally, Colin serves as an Associate Editor for the British Accounting Review.
摘要：
We examine the impact of literacy education on the career outcomes of sell-side analysts. By utilizing a staggered syllabus reform in China, which transformed Chinese literacy from a political education tool to a basic communication tool, we employ a difference-in-differences approach. Our findings indicate that analysts who underwent the reform experience more frequent and faster promotions. The market also responds more strongly to recommendation revisions made by the treated analysts. Furthermore, these treated analysts exhibit a greater willingness to conduct site visits, aligning with the enhanced social skills and improved communication abilities that the reform aimed to cultivate. The results of the textual analysis indicate that reports authored by treated analysts demonstrate greater lexical and character richness, but not higher complexity. These findings support the notion that literacy education contributes to the improvement of individuals’ writing abilities. However, the impact of the reform on career outcomes is less pronounced for analysts hailing from northern Chinese provinces, where the local dialects bear a closer resemblance to Mandarin.
