financial innovation

Why and When Do Crowdfunding Backers Invest?
LI, Gen | WANG, Jing

Crowdfunding—collecting small donations from a large number of investors—is an increasingly popular way of raising capital, particularly for creative projects. With the rise of crowdfunding platforms such as Kickstarte ...

Firms Innovation Disclosure and Their Banking Relationship

Firms face a trade-off between patenting, thereby disclosing innovation, and secrecy. We show that this trade-off interacts with firms’ financing choices. As a shock to innovation disclosure, we study the American Inventor’s Prote ...

Do Retail Investors Acquire Information from TV?

Amid the turbulence in stock markets, retail investors continue to look for investment ideas. With thousands of publicly-traded stocks available, many retail investors often resort to their recent personal experiences when de ...

Industry Report Launched on Adoption of Virtual Banks and Insurers

The issuance of eight virtual bank licenses by the Hong Kong Monetary Authority (HKMA) and four virtual insurer licenses by the Insurance Authority (IA) has led to an increase of Hong Kong’s overall innovation and technology ...

Fintech Talent Development, Competency, and Manpower Study

With the rise of virtual banks, e-commerce, cashless payments and more, the fintech industry plays an increasingly important role in the management and movement of our finances. However, Hong Kong currently faces a shortage of fin ...

Evolution of Online Financial Services and Mobile Commerce in Banking and Commercial Payment Transactions

Information technology has clearly had a large impact on traditional banking services and transactions over the past 20 years. The challenges and changes are ongoing. Professor Theodore Clark will present his study on  how ne ...