神戸大学金融研究会
神戸大学金融研究会10月例会
Monetary Economics Seminar of Kobe University
第625回
RIEBセミナー／神戸大学大学院経営学研究科KIMAPプログラム／科研基盤研究 (B)「銀行業の将来像：銀行理論に基づく現代・近代比較実証分析による検討」共催
Jointly supported by RIEB Seminar /KIMAP Research Seminar, Graduate School of Business Administration, Kobe University / Grant-in-Aid for Scientific Research (B) #23K22131
| 日時 Date & Time |
2024年10月19日（土）15:30～17:00 |
|---|---|
| 会場 Place |
神戸大学大学院経営学研究科大会議室（六甲台本館3階） Big Conference Room of Graduate School of Business Administration (Maing Building, the 3rd Floor) |
| 対象 Intended Audience |
教員，院生，および同等の知識をお持ちの方 Faculty, Graduate Students, and People with Equivalent Knowledge |
| 使用言語 Language |
英語 English |
| 参加登録 Registration |
※事前登録制です。下記より参加登録をお願い致します。 Please register to attend the seminar by October 14. 参加登録 (締切：10/14) |
15:30～17:00
- 論題
Topic - From Competitors to Partners: Banks’ Venture Investments in Fintech
- 報告者
- Manju PURI (Fuqua School of Business, Duke University)
- 概要
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.