讲座主题：Blockchains for Environmental Monitoring: Theory and Empirical Evidence from China

报告人：王国俊 上海师范大学副教授

时间：2025年7月3日10：00-11：30

地点：商学院405室

邀请部门：金融学系

报告简介：We explore the effects of a blockchain-based environmental monitoring technology on emissions. Our model of firm competition in the presence of regional regulators reveals that blockchain adoption reduces industrial pollution but triggers business relocation, creating trade-offs between local emission reduction and economic contraction. When pollution-induced social losses are highly dispersed across cities, a partial-adoption equilibrium fails to mitigate aggregate emissions because of the pollution leakage. We further present the first piece of empirical evidence corroborating model predictions, by taking advantage of a recent regulation change in China. The concentrations of SO2, NO2, and CO in blockchain-adopting cities are on average 16.6%, 7.9% and 4.6%, respectively, lower than other cities. However, blockchain-based monitoring disproportionately hurts the industrial sector, and the average economic activities is reduced by 1.8%-2.6%. Firms in adopting cities open more non-local plants to avoid regulation.

报告人简介：

王国俊，上海师范大学商学院副教授，加州大学戴维斯分校经济学博士，CFA持证人。目前主要研究领域为金融科技、区块链经济学、实证资产定价等多个方面。已在Review of Finance, Journal of Banking and Finance, Financial Analysts Journal等金融学顶尖杂志上发表学术论文多篇，并主持国家自然科学基金项目一项。研究成果获CFA协会颁发的Graham and Dodd 大奖以及欧洲IQAM 最佳论文奖。在加盟上海师范大学之前，先后任职于同济大学经济与管理学院以及多家国家主权财富基金与对冲基金，对量化投资与资产配置有着丰富的理论与实践经验。