学术公告
应ok138太阳集团中国官方网站邀请，中山大学国际金融学院博士生导师李世刚副教授将在线为学院师生作学术报告。具体事宜公告如下：
报告题目：《A Magic Bullet for Small Firm Finance: Unsecured Loans with Tax-based Fintech》
报 告 人：李世刚 副教授
报告时间：2023年12月1日10:00-12:30
届时欢迎广大师生参加并广泛交流！
【报告人简介】
李世刚，经济学博士，中山大学国际金融学院副教授，博士生导师，主要研究领域为区域经济学、产业经济学、公司金融等。在《中国社会科学》《经济研究》《管理世界》《经济学（季刊）》《中国工业经济》等期刊发表学术论文10余篇，主持国家自然科学基金面上项目等多项科研项目，担任《经济研究》、《管理世界》《世界经济》等刊物匿名审稿人。
【报告内容简介】
To address the global challenge of small business finance, China has launched a fintech program that offers unsecured loans to small firms, using tax credit and tax payment information from the tax bureau and digitalization technology. We find that this program effectively improves small firms' access to loans, increasing both the probability of obtaining a loan and the loan amount. It also leads to better firm performance, including higher revenue, return on assets, and survival rate. The success of the program depends on its general inclusiveness among creditworthy taxpayers, which allocates loans based on tax information, prioritizes new borrowers, and reduces the impact of traditional financial metrics and geographic distance from banks. The positive loan effects on firm performance increase with tax credit and payment and are often stronger among the new borrowers. Therefore, it may be social optimal to spare credit rationing on expensive private information for small firms.