讲座人：徐简 新加坡国立大学政治学系助理教授

讲座时间：2025年11月12日上午10:30-12:00

讲座地点：北京大学国家发展研究院承泽园校区245教室

讲座题目：Compliance in Non-compliant Territories: How Jurisdictional Exposure Regulates Multinational Corporations

内容简介：How do domestic judicial rulings regulate multinational corporations in foreign territories? Focusing on the U.S. Foreign Corrupt Practices Act (FCPA), we analyze a 2014 U.S. appellate court ruling expanding its jurisdiction to include corrupt transactions with state-owned enterprises. Employing a difference-in-differences design, we evaluate its financial impact on China-based firms listed in the U.S. stock market. Results show that U.S.-listed firms in China’s state-dominated sectors experience significant market performance declines post-ruling, suggesting heightened FCPA scrutiny curbs corrupt rent-seeking. Further, using industry-level FCPA enforcement as an additional measure of external deterrence, we find that FCPA deterrence significantly reduces the financial performance and market share of U.S.-listed firms operating in high-barrier industries prone to  rent-seeking. This research identifies a novel mechanism of transnational regulation, demonstrating how domestic judicial decisions can influence non-compliant foreign market environments via jurisdictional ties. It advances research on the extraterritorial impact of domestic judiciaries on corporate (mis)conduct.

主讲人简介：徐简是新加坡国立大学（NUS）政治学系助理教授，获埃默里大学政治学博士学位。其研究领域为国际与比较政治经济学，重点关注政商关系、法治机构与腐败之间的互动，以及跨国公司在不同法域运营时的风险缓释策略。其研究成果发表于《International Organization》《Comparative Political Studies》《Review of International Political Economy》《Global Strategy Journal》等期刊。

组织者：

（国家发展研究院 ）李力行、席天扬、徐化愚、于航、王轩、易君健、黄清扬

（经济学院）刘冲、吴群峰、曹光宇、年永威

（光华管理学院）张晓波、仇心诚