Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Narrow Search
Search narrowed by
Last searches

Results for *

Displaying results 1 to 4 of 4.

  1. The economic impact of distributing financial products on third-party online platforms
    Author: Hong, Claire Yurong; Lu, Xiaomeng; Pan, Jun
    Published: December 2019
    Publisher:  National Bureau of Economic Research, Cambridge, MA

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 1 (26576)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working paper series / National Bureau of Economic Research ; 26576
    Subjects: Finanzintermediation; Digitale Güter; Vertriebsweg; Investmentfonds; USA
    Scope: 59 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe
  2. FinTech adoption and household risk-taking
    Author: Hong, Claire Yurong; Lu, Xiaomeng; Pan, Jun
    Published: 22.10.2021
    Publisher:  BOFIT, the Bank of Finland Institute for Emerging Economies, Helsinki

    Using a unique FinTech data containing monthly individual-level consumption, investments, and payments, we examine how FinTech can lower investment barriers and improve risk-taking. Seizing on the rapid expansion of offline usages of Alipay in China,... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 686
    Inter-library loan:
    No inter-library loan

     

    Using a unique FinTech data containing monthly individual-level consumption, investments, and payments, we examine how FinTech can lower investment barriers and improve risk-taking. Seizing on the rapid expansion of offline usages of Alipay in China, we measure individuals' FinTech adoption by the speed and intensity with which they adopt the new technology. Our hypothesis is that individuals with high FinTech adoption, through repeated usages of the Alipay app, would build familiarity and trust, reducing the psychological barriers against investing in risky assets. Measuring risktaking by individuals' mutual-fund investments on the FinTech platform, we find that higher FinTech adoption results in higher participation and more risk-taking. Using the distance to Hangzhou as an instrument variable to capture the exogenous variation in FinTech adoption yields results of similar economic and statistical significance. Focusing on the welfare-improving aspect of FinTech inclusion, we find that individuals with high risk tolerance, hence more risk-taking capacity, and those living in under-banked cities stand to benefit more from the advent of FinTech.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789523233898
    Other identifier:
    hdl: 10419/249603
    Series: BOFIT discussion papers ; 2021, 14
    Subjects: FinTech; Digital Payment; Financial Inclusion; Consumption; Risk Taking
    Scope: 1 Online-Ressource (circa 72 Seiten), Illustrationen
  3. FinTech adoption and household risk-taking
    Author: Hong, Claire Yurong; Lu, Xiaomeng; Pan, Jun
    Published: November 2020
    Publisher:  National Bureau of Economic Research, Cambridge, MA

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 1 (28063)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working paper series / National Bureau of Economic Research ; 28063
    Subjects: Finanztechnologie; Finanzdienstleistung; Innovationsakzeptanz; Innovationsdiffusion; China
    Scope: 60 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe
  4. Debt Maturity Structure and Corporate Investment
    Author: Hong, Claire Yurong; Hou, Kewei; Nguyen, Thien T.
    Published: 2023
    Publisher:  SSRN, [S.l.]

    We show that firms’ debt maturity structure plays an important role in investment above and beyond that of leverage. Firms with a longer debt maturity structure tend to invest more. These results are stronger for firms with high leverage,... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan

     

    We show that firms’ debt maturity structure plays an important role in investment above and beyond that of leverage. Firms with a longer debt maturity structure tend to invest more. These results are stronger for firms with high leverage, profitability, and growth potential. We rationalize our results in a model in which debt maturity structure is determined by the trade-off between liquidity cost and the repayment flexibility of long-term debt. In our model, highly productive firms invest more and prefer to use long-term debt to free up funds for future investment. This mechanism is supported by the data. Our findings highlight the importance of debt maturity structure in understanding corporate investment decisions

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Fisher College of Business Working Paper ; No. 2022-03-03
    Subjects: Investment; Debt Maturity; Capital Structure
    Other subjects: Array
    Scope: 1 Online-Ressource (44 p)
    Notes:

    Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 18, 2023 erstellt