企业管理系学术讲座（4月24日）

主题：Arbitrage or Decoupling: Firms’ Opportunistic Responses to Regulation

Prior research has treated decoupling (symbolic compliance) and arbitrage (complying in regulated domains while worsening performance in unregulated ones) as separate firm responses to regulation. We bridge this divide by examining both strategies simultaneously, revealing how regulatory context shapes strategic choices. Analyzing 50,000 mobile apps' responses to China's 2021 Personal Information Protection Law (strict enforcement) versus its 2019 Guideline (weak enforcement), we find stark contrasts: under the stringent Law, high-risk apps reduced regulated violations (e.g., unauthorized data collection) but increased unregulated ones (e.g., excessive auto-startups), demonstrating classic arbitrage. Conversely, the ambiguous Guideline prompted decoupling - selective policy disclosures without substantive behavioral changes. These findings establish regulatory clarity as a key determinant: precise rules trigger offsetting behaviors, while ambiguity fosters symbolic compliance.

主讲嘉宾：Heli Wang, Professor

Singapore Management University

王鹤丽教授现任新加坡管理大学李光前商学院战略管理讲席教授（Janice Bellace Professor）、研究生院院长。曾担任管理学国际顶级期刊Academy of Management Journal和Academy of Management Review副主编、Management and Organization Review顾问编辑以及Strategic Management Journal编委。主要研究领域包括资源基础理论、战略人力资本、企业社会责任与商业伦理、知识与创新管理等。在国际顶级期刊Academy of Management Journal、Academy of Management Review、Strategic Management Journal、Journal of International Business Studies、Organization Science上发表多篇论文。