一、题目：Robot Adoption and Financial Information Quality

二、主讲人：

陆瑶，清华大学经管学院金融系教授（长聘），副系主任，教育部国家级人才称号获得者，国自科优青获得者，“清华大学学术新人奖”。主要研究领域为公司治理、企业并购与重组、技术变革对企业投融资以及发展的影响、资本市场改革与发展等，在《Journal of Finance》，《Management Science》，《Journal of Financial Economics》，《Journal of Financial and Quantitative Analysis》，《Review of Economics and Statistics》《Review of Finance》，《Journal of Corporate Finance》，《经济研究》，《管理世界》，《金融研究》，《管理科学学报》等国内外顶级权威学术期刊发表（或接收）论文40多篇。她还担任中国金融学会理事，清华大学产业创新与金融研究院研究员，清华大学国家治理与全球治理研究院研究员，中国交叉科学研究会金融量化分析与计算机专业委员会常务委员，清华大学现代管理研究中心兼职研究员，《Pacific-Basin Finance Journal》副主编，《Corporate Governance: An International Review 》编委会成员（Editorial Board）。 

三、时间：2022 年6月17日10:00-11:30 

四、地点：腾讯会议 840-720-594 

五、主持人：彭俞超副教授，学术交流部主任 

六、内容简介

Using the sample of US publicly listed firms from 2004 to 2015, we find that robot adoption by firms can significantly reduce both accrued and real earnings management, and analyst forecasting error, and increase the informativeness of stock prices. In addition, robot adoption by firms can also reduce the likelihood of firms’ fraudulent behaviors and increase the detection probability given fraud. Robot adoption by firms can significantly increase firms’ usage of Intelligent Information Systems, and the sensitivity of firms’ production outputs to their inputs. These effects are stronger for firms operating in more labor-intensive industries, firms with higher percentage of low-skilled workers and male workers, and firms under weaker external monitoring. These findings suggest that robot adoption can enhance firms’ financial information quality.