On the afternoon of November 5, kong Dongmin, a professor from Huazhong University of Science and Technology and Zhongnan University of Economics and Law, delivered an online lecture on the 28th issue of South China Economic Forum and Shared an academic report entitled "Mandatory Dividends and Executive In-service Consumption: Evidence from State-owned Enterprise Groups". According to the study, since the reform of state-owned enterprises began in 2007, the forced transfer of profits to the state may, on the one hand, reduce the on-the-job consumption of senior executives by alleviating the principal-agent problem; on the other hand, it may avoid the transfer of profits by raising the management fee, so as to improve the on-the-job consumption. Using the data of state-owned listed companies and private listed companies directly under sasAC, the author verified that the reform of state-owned enterprises with mandatory dividend distribution did reduce the on-the-job consumption of senior executives by using the double-difference method, and the results were stable in a series of tests.

Professor Dong Zhiqiang suggested to investigate the impact of other soe reform policies, and Professor Liu Wang proposed relevant Suggestions on the selection of control group and had an in-depth discussion with Professor Kong Dongmin. The report was hosted by Professor Dong Zhiqiang and attended by more than 100 teachers and students from the School of Economics and Management.