时间：2026年04月07日（星期二）下午 13:30
地点：会计学院 207 室
主题：Managing employee perceptions under takeover threats? Evidence from CEO approval ratings on Glassdoor
摘要：We examine how CEOs of peer firms of hostile takeover targets respond to takeover threats by managing employee perceptions, proxied by employee-generated CEO approval ratings on Glassdoor. Using a stacked difference-in-differences design, we find that peer firms' CEOs receive higher employee approval ratings after hostile takeovers in the industry. Cross-sectional analyses indicate that this effect is stronger when employee ratings are more revealing, when CEOs face greater career concerns, and when firms have weaker anti-takeover protections. Further analyses show that peer firms experience fewer labor-related incidents, receive higher third-party human capital ratings, and have more informative employee ratings following takeover events, consistent with improved employee treatment and enhanced internal communication contributing to higher employee approval ratings in response to takeover pressure. Our study highlights a novel managerial response to takeover threats by strategically cultivating employee support.
主讲人：苏黎新 香港理工大学
Professor Nancy Lixin Su is the Head and full professor at the School of Accounting and Finance, The Hong Kong Polytechnic University. Before re-joining PolyU, she has taught at Lingnan University.
Prof Su has a broad research interest in disclosure, reporting, and auditing. She has also worked creatively across accounting, supply chain, and social network. Professor Su has published in prestigious accounting journals, such as Journal of Accounting and Economics, The Accounting Review, and in other business journals, including Management Science and Journal of Business Ethics. She is a co-editor of the Journal of Contemporary Accounting and Economics and has served as the executive editor of China Accounting and Finance Review as well as a special issue editor of Accounting Horizons. She has also served as an examiner for other Hong Kong universities as well as the investigation panel of HKICPA.
