近日，西京学院会计学院Muhammad Usman博士与其合作者正式在国际顶级会计学期刊Review of Accounting Studies(简称RAST)上发表了题为《Returnee directors and corporate fraud》的研究论文。
该论文使用中国上市公司的数据集，研究具有海外经验的中国公民担任董事（即归国董事）与公司欺诈发生率之间的关系。研究发现归国董事与欺诈之间存在显著的负相关关系。此外，与外国和独立董事相比，归国董事在遏制公司方面比其他董事做得更多。这些结果通过倾向得分匹配和Oster（2019）测试，解决内生性问题。进一步的分析表明，归国董事与欺诈之间的负相关关系在以下情况下更为显著：(1)归国者拥有实际的海外工作经验；(2)归国者在中国文化敏感度较高的保守地区工作；(3)归国者被任命为独立董事。总体而言，研究表明，仅凭技术技能不足以进行有效的监督；以文化敏感的方式工作和保持专业独立性的能力同样必要。
Muhammad Usman博士是西京学院会计学院核心科研团队的重要成员，曾获批西京学院高层次人才基金。据悉，RAST期刊为会计领域全球排名前五的顶级期刊（TOP5），长期位列JCR SSCI一区TOP期刊。西京学院通过学术交流、科研项目资助等方式支持教师开展高水平学术研究，为教师创造更好的研究环境。近年来会计学院教师连续在国际顶级期刊取得突破。根据现有数据推断，西京学院也成为西北地区首家在RAST期刊发文的院校。
论文在线链接：https://link.springer.com/article/10.1007/s11142-025-09878-4
Faculty Member from School of Accounting Publishes Paper in Internationally Renowned Top-Tier Journal “Review of Accounting Studies”
Recently, Dr. Muhammad Usman, Associate Professor, at the School of Accounting, Xijing University, has published a research paper titled"Returnee Directors and Corporate Fraud" inReview of Accounting Studies (RAST), a globally leading academic journal in accounting.
This paper investigates the relationship between directors with overseas experience (referred to as "returnee directors") and the incidence of corporate fraud using a dataset of Chinese listed companies. The study finds a statistically significant negative association between returnee directors and corporate fraud. Furthermore, compared to foreign and independent directors, returnee directors demonstrate a stronger role in curbing corporate misconduct. These results address endogeneity concerns through propensity score matching and Oster (2019) tests. Additional analyses reveal that the negative correlation between returnee directors and fraud is more pronounced under the following conditions: (1) returnee directors possess substantial overseas work experience; (2) they operate in culturally conservative regions of China with higher cultural sensitivity; and (3) they are appointed as independent directors. Overall, the study highlights that technical expertise alone is insufficient for effective oversight; the ability to work with cultural sensitivity and maintain professional independence is equally critical.
Dr. Usman is a key member of theCore Research Teamof the School of Accounting, Xijing University. He has also been awarded withHigh Level Talent Fundsfrom Xijing University. Notably, Review of Accounting Studies (RAST) isone of the top five (TOP5) accounting journals globally. Xijing University has actively supported faculty in conducting high-quality research through academic exchanges, research funding, and other initiatives to foster an optimal research environment.In recent years, faculty members from the School of Accounting have achieved consecutive breakthroughs in publishing in internationally renowned journals. Based on available data, Xijing University is also the first institution in Northwest China to publish in “Review of Accounting Studies (RAST)”.
Online link for the paper: https://link.springer.com/article/10.1007/s11142-025-09878-4
