Date and Time
Saturday, October 19th, 20243:30 p.m.-5:00 p.m.
Presenter
Dr. Manju Puri (J. B. Fuqua Professor of Finance, Fuqua School of Business, Duke University)Title
From Competitors to Partners: Banks’ Venture Investments in FintechAbout the presenter
Dr. Manju Puri is the J.B. Fuqua Professor in the Fuqua School of Business at Duke University, specializing in empirical corporate finance and financial intermediation. She has published numerous articles in top-tier finance journals, received numerous awards for his research, serves as editor of the Review of Financial Studies, and has held leadership roles in various finance-related organizations. She also advises regulatory agencies such as the Federal Reserve Board (FRB) and the Reserve Bank of India (RSB) and teaches courses on capital raising and financial technology at Duke University.Abstract
We hypothesize and find evidence that banks use venture investments in fintech startups as a strategic approach to navigate fintech competition. We show that banks’ venture investments have increasingly focused on fintech firms in systematic ways. We find that banks facing greater fintech competition are more likely to make venture investments in fintech star tups. 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 bank investor and the fintech investee.Venue
Large Conference Room (GSBA), Rokko-dai 1st Campus, Main Building 3FLanguage
EnglishOrganized by
- RIEB Seminar
- Monetary Economics Seminar of Kobe University
- KIMAP Research Seminar
- Grant-in-Aid for Scientific Research (B) #23K22131
Intended Participants
Professors, Graduate students including KIMAP students and Alumni of Kobe University.How to register for this seminar
Please apply from the URL below by Monday, October 14th .https://www.ocans.jp/kobe-u/entry/all?FID=mC137VYj