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手机验证领28彩金不限id第323期:1月13日李霄阳博士
浏览次数: 次  | 发布时间:2021-01-06

手机验证领28彩金不限id第323113李霄阳博士

本期主题: The Promises and Pitfalls of WealthTech: Evidence from Online Marketplace Lending

摘要:

WealthTech (WT) holds the promise to “democratize financial services” by providing underserved markets with affordable, quality, and transparent wealth management services. This paper assesses the competence and integrity of WT using unique, order-level data for WT vis-à-vis human bidders on a Chinese online marketplace-lending platform. We find WT outperforms human investors by a significant margin due to WT’s informational and speed advantages, which allow it to cherry-pick high-quality, mispriced investment opportunities. We also find a misalignment of interest when a platform’s private benefit in loan origination conflicts with WT users’ returns. In a dynamic view, we show that returns for both WT users and non-WT users decline as WT dominates the market. We also discuss the corresponding regulatory strategies.

报告人:李霄阳 香港中文大学博士

时间:113日(周13:00

地点:明德主楼515交流

报告人简介:

李霄阳,香港中文大学经济系在读博士生,研究方向为金融科技和公司金融。李霄阳于2014年获得中国人民大学财政金融学院金融学本科学位,2016年获中国人民大学财政金融学院金融学硕士学位。他的研究被Journal of Corporate Finance, Finance Research Letters,International Review of Economic and Finance等期刊接收。

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