【主题】供给侧创新：中国高等教育扩招与企业创新 (The Supply Side of Innovation: China’s Higher Education Expansion and Corporate Innovation)
【主讲】张健，现为西南财经大学金融学院副教授
【时间】2017年11月1日（周三）下午13:30-15:00
【地点】上海财经大学凤凰楼303会议室
【主办】上海财经大学公共经济与管理学院投资系
【主持】陈杰教授 上海财经大学投资系系主任
【主讲人介绍】张健，现为西南财经大学金融学院副教授，博士生导师，于2013年获得美国天普大学（Temple University）金融学博士学位。主要研究领域为corporate governance, corporate innovation, and corporate investment。近年来，以第一作者和独立作者身份在Journal of Business Ethics发表论文多篇，并有多篇论文于国际期刊在审或二审。
【摘要】This paper investigates the impact of human capital on corporate innovation. To establish causality, we exploit a policy-induced exogenous shock in the supply of China’s college-educated workforce that started in 2003 to identify the impact of human capital on innovation. Using a difference-in-difference approach, we find that firms in high-skilled industries generate better innovation outcomes measured by patents and citations. Our finding is more significant when there are more science and engineering college graduates in the labor market, when the quality of college education is better, and when the firm is a SOE.