International Society for Quantitative History

QH Webinar Series

祖先的教育 · 後代的創新 - 科舉對企業創新的長期影響 Ancestors' Education, Descendants’ Innovation — The long-run effects of keju on corporate innovation

16:00 | Thursday, October 28, 2021

ZOOM網路研討會 Zoom Webinar

講座以普通話進行 Conducted in Mandarin

Shijun He 何石軍

Shijun He 何石軍

Associate Professor, Economics and Management School, Wuhan University 武漢大學經濟管理學院副教授

Candidate imperial examination drunk in cell (1605), Unknown author, Public domain, via Wikimedia Commons

祖先的教育 · 後代的創新 - 科舉對企業創新的長期影響
科舉制度是中國歷史上一個對文化價值觀念塑造具影響力的長期制度,從古至今對中國人的思想和行為留下了持久的影響。科舉之路漫長而艱辛,然而獲取功名屬極高的回報,這無疑激勵了歷代無數學子從事舉業。基於Galor and Özak (2016) 關於長期導向價值觀念起源的理論,武漢大學何石軍和他的合著者推斷在通過篩選、適應和傳承下,具有長時間投入與回報特性高回報特性的舉業之途有助於塑造一種堅韌耐心的長期導向文化價值觀。
創新之路同樣漫長而艱辛,除極具風險和挑戰外,更需要創新者具備拒絕短期誘惑的定力和持續不斷投資的毅力。 因此,企業管理者所具有的長期導向特性對於企業創新決策和效果具有關鍵作用。何石軍和他的合著者通過搜集科舉和中國上市公司的數據,以實証分析研究科舉制的長期影響和高管耐心對於企業研發影響之間的關係。他們發現來自歷史上的科舉越興盛地方的企業董事長,其領導的企業在創新上有更好的表現,例如在研發投入、專利申請和其引用。
於本次量化歷史網上講座中,何石軍副教授將講解這一結果對一系列的變量選擇、樣本選擇、異質性分析和兩階段回歸分析。他會以進一步的機制分析表明,來自科舉興盛之地的董事長所具有的創新優勢,主要與他們具有更高的長期導向價值觀密切相關。

2021年10月28日(星期四)
16:00 香港/北京/新加坡
09:00 倫敦 | 17:00 東京 | 19:00 悉尼

Ancestors' Education, Descendants’ Innovation — The long-run effects of keju on corporate innovation
China’s civil examination system (keju) is an influential long-lived institution that has left a lasting impact on Chinese thinking and behavior. Shijun He of Wuhan University and his co-authors find evidence to suggest that companies led by chairpersons whose birthplaces had higher ancestral jinshi* densities were associated with significantly better innovative performance, measured by R&D spending, patents, and patent citations. Based on Galor and Özak's (2016) theory on the origins of long-term oriented values, they hypothesize that the keju examination system during the Ming and Qing dynasties has fostered the development of China’s long-term oriented culture by motivating people to invest in examination activities in the hope of high returns. In this Quantitative History Webinar, Professor Shijun He will explain how their study provides empirical evidence supporting the transmission of this cultural trait and the view that chairpersons of cooperatives from regions with higher ancestral jinshi densities are more likely to pursue innovative activities.

* Jinshi was the highest degree of the keju examination system during the Ming and Qing dynasties

Thursday, October 28, 2021

ZOOM網路研討會 Zoom Webinar

Shijun He 何石軍

講座以普通話進行 Conducted in Mandarin

The Quantitative History Webinar Series aims to provide researchers, teachers, and students with an online intellectual platform to keep up to date with the latest research in the field, promoting the dissemination of research findings and interdisciplinary use of quantitative methods in historical research. The Series, now in its third year, is co-organized by the International Society for Quantitative History, HKU Business School, and Hong Kong Institute for the Humanities and Social Sciences. 量化歷史網上講座系列由香港大學陳志武和馬馳騁教授聯合發起,旨在介紹前沿量化歷史研究成果、促進同仁交流,推廣量化方法在歷史研究中的應用。本系列講座由國際量化歷史學會、香港大學經管學院和香港人文社會研究所全力支持和承辦。

Conveners: Professor Zhiwu Chen & Dr. Chicheng Ma (HKU Business School)

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