主讲人：Jeffrey NG教授，香港大学
主题：客户信息更公开时供应商对其的脱敏处理：基于客户挖角视角的分析（Suppliers’ redaction of customers’ identities when their customers provide more public disclosure: A customer poaching perspective）
时间：2025年12月9日下午15:30-17:00
地点：学术会堂606会议室
主持人：王佳琪助理教授，中央财经大学会计学院
摘要：We examine how China’s 2014 mandate that private firms publicly disclose their annual reports affects public firms’ disclosure of their customer identities, many of whom are private firms. Our main finding is that after the mandate, public firms that are more dependent on private customers redact this disclosure. We interpret this outcome as the mandate reducing the firm’s competitors’ adverse selection when they seek to poach the firm’s private customers, which in turn increases the firm’s proprietary costs of customer identity disclosure. We find evidence that public firms with more valuable private customers or those more likely to lose these customers to competitors redact customers’ identities even more. For public firms for which there is greater investor demand for information, we observe less redaction, in alignment with the idea that firms balance proprietary costs against capital market benefits. After the mandate, public firms that redact their customers’ identities also tend to extend more trade credit to their private customers. This practice indicates that these firms seek to retain private customers they consider at risk of being poached. Overall, our study offers new insight into how requiring private firm disclosure can unintentionally impact customer poaching, rendering public firms more reluctant to disclose their customers’ identities.
主讲人简介：Jeffrey NG教授现任香港大学会计学系教授。在加入香港大学之前，他于2008至2012年担任麻省理工学院斯隆管理学院助理教授，2012至2016年任新加坡管理大学会计学院副教授，2016至2022年期间担任香港理工大学教授。研究兴趣聚焦于跨学科领域的会计问题研究，其研究成果已发表于多家国际权威期刊，包括Journal of Accounting Research, Journal of Accounting and Economics, The Accounting Review, Review of Accounting Studies, Contemporary Accounting Research, Journal of Financial and Quantitative Analysis, and Management Science. 他现任《European Accounting Review》副主编，同时担任《The Accounting Review》编委会成员及香港研究资助局商科学科小组成员。他的教学领域涵盖财务会计、公司报告与财务报表分析等。
撰稿 | 谢蓉蓉 林雯 王佳琪
排版 | 刘怡帆
审核 | 郑登津
