讲座题目：

A Dividend Tax Channel for the Bank Credit Supply and Housing Boom-Bust

时间：2026年11月3日下午14：00-15：30

地点：苏州大学东校区财科馆318会议室

主持人：苏子豪 副教授

讲座摘要：

We examine how bank shareholder-level dividend tax affects banks’ mortgage lending and housing cycles. The 2003 dividend tax cut lowered the cost of equity for C-corporation banks (C-banks) but not for pass-through S-subchapter banks (S-banks). Compared to S-banks within the same county, C-banks raise mortgage approvals by 2.3 percentage points, concentrated among risk-taking banks and risky applicants. These loans show higher delinquency and foreclosure during the 2007-2008 crisis. Counties with greater pre-reform C-bank presence experience stronger 2003-2005 house-price growth and sharper 2006-2008 declines. Our results suggest that the capital tax reform incrementally explains the housing boom-bust in the early 2000s.

报告人简介：

张珂源，上海交通大学安泰经济与管理学院会计系副教授，新加坡国立大学会计学博士。他的主要研究领域包括银行经济学、审计、税务等。他的研究成果发表于《The Accounting Review》《Organization Science》《Journal of Applied Psychology》《会计研究》《系统工程理论与实践》等国内外学术期刊。他主持了国家自然科学基金青年科学基金项目C（类）一项。