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数字金融workshop：From Competitors to Partners: Banks’ Venture Investments in Fintech
发布日期：2024-06-05 12:00 来源：
第十三讲From Competitors to Partners: Banks’ Venture Investments in Fintech
时间/Time： 6月5日 周三 北京时间上午 10:00-11:30
Wednesday 5 June 2024, 10-11:30 a.m.
地点/Venue：
线下：北京大学国家发展研究院承泽园校区131教室
线上：ZOOM会议（会议号: 897 2560 1400 密码: 938759）
主讲人/Speaker： Yiming Qian
主持人/Host： 胡佳胤 Jiayin Hu
Abstract
We hypothesize and find evidence that banks use venture investments in fintech startups as a strategic approach to navigate fintech competition. We first document that banks’ venture investments have increasingly focused on fintech firms. We find that banks facing greater fintech competition are more likely to make venture investments in fintech startups. Banks target fintech firms that exhibit higher levels of asset complementarities with their own business. Finally, instrumental variable analyses show that venture investments increase
the likelihood of operational collaborations and knowledge transfer between the investing bank and the fintech investee.
主讲人介绍/Biography:
Yiming Qian is Professor and the Toscano Family Chair in Finance at University of Connecticut. She earned her Ph.D. in Finance from the Stern School of Business at NYU. Before joining UConn, she taught at University of Iowa. She has also been a visiting scholar in Asia, Australia and Europe.
Yiming’s research focuses on varying topics in corporate finance, including initial public offerings, mergers and acquisitions, behavioral finance, and emerging markets. She is widely published in leading finance journals including the Journal of Financial Economics, the Review of Financial Studies, Management Science, Journal of Financial and Quantitative Analysis, and Review of Finance, among others.
Yiming has served as a board member of Midwest Finance Association. She is on the editorial board of Journal of Empirical Finance and Quarterly Journal of Finance. She has also served on the program committees for many international finance conferences.
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数字金融workshop：From Competitors to Partners: Banks’ Venture Investments in Fintech
发布日期：2024-06-05 12:00 来源：
第十三讲From Competitors to Partners: Banks’ Venture Investments in Fintech
时间/Time： 6月5日 周三 北京时间上午 10:00-11:30
Wednesday 5 June 2024, 10-11:30 a.m.
地点/Venue：
线下：北京大学国家发展研究院承泽园校区131教室
线上：ZOOM会议（会议号: 897 2560 1400 密码: 938759）
主讲人/Speaker： Yiming Qian
主持人/Host： 胡佳胤 Jiayin Hu
Abstract
We hypothesize and find evidence that banks use venture investments in fintech startups as a strategic approach to navigate fintech competition. We first document that banks’ venture investments have increasingly focused on fintech firms. We find that banks facing greater fintech competition are more likely to make venture investments in fintech startups. Banks target fintech firms that exhibit higher levels of asset complementarities with their own business. Finally, instrumental variable analyses show that venture investments increase
the likelihood of operational collaborations and knowledge transfer between the investing bank and the fintech investee.
主讲人介绍/Biography:
Yiming Qian is Professor and the Toscano Family Chair in Finance at University of Connecticut. She earned her Ph.D. in Finance from the Stern School of Business at NYU. Before joining UConn, she taught at University of Iowa. She has also been a visiting scholar in Asia, Australia and Europe.
Yiming’s research focuses on varying topics in corporate finance, including initial public offerings, mergers and acquisitions, behavioral finance, and emerging markets. She is widely published in leading finance journals including the Journal of Financial Economics, the Review of Financial Studies, Management Science, Journal of Financial and Quantitative Analysis, and Review of Finance, among others.
Yiming has served as a board member of Midwest Finance Association. She is on the editorial board of Journal of Empirical Finance and Quarterly Journal of Finance. She has also served on the program committees for many international finance conferences.
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