講座題目：Uncover the mystery of China’s success in FinTech: A perspective from political connections

講座時間：2022年11月8日（星期二）中午12:00-13:30

講座方式：騰訊會議ID：280-183-882

密碼：221108

講座連接：https://meeting.tencent.com/dm/3GOb7FyoZf1I

主 講 人：邊文龍，成均館大學(xué)金融學(xué)助理教授，北京大學(xué)數(shù)字金融研究中心特約研究員。北京大學(xué)國家發(fā)展研究院經(jīng)濟(jì)學(xué)博士，研究領(lǐng)域包括金融科技、公司金融、風(fēng)險管理與保險等。在《經(jīng)濟(jì)研究》、《經(jīng)濟(jì)學(xué)季刊》、《金融研究》、《統(tǒng)計研究》、《保險研究》等國內(nèi)期刊以及Journal of Banking and Finance、Pacific Basin Finance Journal、China Economic Review等國際期刊發(fā)表論文三十余篇。

講座簡介：This study aims to uncover the driving forces underlying the rapid development of FinTech in China. Exploiting the enactment of FinTech-related national policies in 2015 as a plausibly exogenous shock, we find that politically connected banks engage in FinTech adoption in a more active manner than non-connected counterparts after 2015, manifested as more mentions of FinTech-related activities in their annual reports and more applications of FinTech-related patents. The positive role of political connections in improving FinTech adoption is driven primarily by banks headquartered in cities with no mayor or municipal party secretary investigated during the anti-corruption campaign. In addition, political connections appear to have heterogeneous effects on FinTech adoption among state banks and non-state banks. Last, we examine the economic consequences of FinTech adoption and find that FinTech adoption lowers the likelihood of a bank receiving administrative punishments and lowers banks’ expenses on employees, especially for politically connected banks.