主题：Institutional Factors: Political Economy, Legal Systems, and Social Norms in Financial Reporting制度因素：政治经济、法律体系与社会规范在财务报告中的作用

主讲人：美国南加州大学马歇尔商学院 T.J. Wong教授

主持人：会计学院 易阳副教授

时间：5月26日14:00-15:00

地点：柳林校区诚正楼650会议室

主办单位：会计学院 科研处

主讲人简介：

T.J. Wong（黄德尊）教授是美国南加州大学马歇尔商学院的Joseph A. DeBell 商业管理教授和会计学教授。他在会计学领域享有盛誉，特别是在制度因素对财务报告和公司治理的影响方面贡献颇丰。Wong教授曾任香港中文大学（CUHK）会计学院院长，并在香港科技大学（HKUST）担任教授。他的研究成果发表在Journal of Accounting and Economics、Journal of Accounting Research、The Accounting Review、Journal of Finance、Journal of Financial Economics、Review of Financial Studies、Review of Finance等会计和财务顶级学术期刊上。Wong教授在学术界和实务界均有广泛影响力，致力于推动会计和财务领域的理论创新与实践应用。

内容提要：

Accounting quality varies significantly across countries due to institutional factors such as political economy, legal systems, and social norms. These factors shape a country’s contracting and market development, influencing firms' corporate governance and accounting practices by affecting their ownership and corporate structures. This institutional framework sheds light on cross-country differences in accounting quality. First, there is no "one size fits all" approach to accounting quality. Second, the adoption of IFRS by many countries does not necessarily lead to a global convergence toward higher accounting standards. Third, implementing advanced accounting standards in emerging economies can result in unintended consequences due to their unique institutional contexts. Finally, firms in relational economies often develop alternative communication channels with arm’s-length shareholders through embedded intermediaries. This chapter also examines how institutions influence new technologies in stakeholder communication and the interaction between governance models and ESG reporting.

会计质量因制度因素如政治经济、法律体系和社会规范而在各国之间存在显著差异。这些因素塑造了一个国家的契约和市场发展，通过影响企业的所有权和公司结构来影响企业的公司治理和会计实践。这一制度框架揭示了会计质量的跨国差异。首先，会计质量没有“一刀切”的方法。其次，许多国家采用IFRS并不一定导致全球趋同于更高的会计标准。第三，在新兴经济体中实施先进的会计标准可能会因其独特的制度背景而产生意想不到的后果。最后，关系型经济体中的企业通常通过嵌入式中介与非关联股东发展替代的沟通渠道。本章还探讨了制度如何影响利益相关者沟通中的新技术以及治理模型与ESG报告之间的相互作用。