学术活动

2026年3月27日（周五）

10:30-12:00

王秉云 教授

弗吉尼亚大学

We examine how firms reorganize regulator-specific human capital in response to information-intensive environmental disclosure requirements. Exploiting the implementation of the U.S. Environmental Protection Agency’s Greenhouse Gas Reporting Program (GHGRP), we document a sharp increase in EPA-experienced hiring among treated firms, incremental to firms’ general green labor demand. This effect is stronger among firms with greater regulatory exposure, weaker internal environmental capabilities, and sufficient financial resources, and is attenuated for later adopters as regulatory expertise diffuses over time. In terms of hiring composition, although firms hire both technical and government-relations personnel from the EPA, hiring is concentrated at the junior level, suggesting that firms seek to acquire hands-on knowledge rather than political capital. EPA hiring is associated with fewer environmental violations among high-risk firms; however, we find no evidence of reduced regulatory scrutiny or lower penalties conditional on violations. In addition, we document reductions in carbon emissions among high emitters, alongside improvements in carbon accounting quality. Overall, the hiring patterns and improved environmental performance support a knowledge-transfer interpretation of the green revolving door.

王教授致力于开展具有创新性的研究，为监管者和业界实践者提供洞见，阐明影响公司信息披露的经济与社会力量，以及信息披露在现实经济中的作用。她的研究专长包括美国证券交易委员会（SEC）执法、ESG信息披露、非GAAP信息披露以及并购。

王教授的研究成果发表于多家顶级学术期刊，包括《Journal of Accounting Research》《The Accounting Review》《Contemporary Accounting Research》和《Review of Accounting Studies》。她的研究还曾在多个知名学术会议上报告，例如Contemporary Accounting Research Conference、Harvard IMO Conference以及Journal of Accounting Research Registered Report Conference。目前，王教授在弗吉尼亚大学（University of Virginia）本科阶段讲授《中级会计学 I》（Intermediate Accounting I）。