近日，我院任远研究员的合作论文“The Real Impact of FinTech: Evidence from Mobile Payment Technology”在线发表于国际管理科学顶刊Management Science 。论文合作者为新加坡国立大学Sumit Agarwal教授、钱文澜教授、Hsin-Tien Tiffany Tsai助理教授和Bernard Yin Yeung教授。

论文标题: The Real Impact of FinTech: Evidence from Mobile Payment Technology

摘要：We utilize the introduction of mobile payment technology by the largest bank in Singapore in 2017 to study how mobile payment technology reshapes economic activities and stimulates business creation. After the introduction, business-to-consumer industries witnessed 18.3% more business creation relative to business-to-business industries, with the effect driven by small firms and more pronounced among industries with higher cash handling costs. Underlying this pattern is consumers’ strong adoption of mobile payment and a reduction in ATM cash withdrawals during the post-shock period. The reduced transaction cost also increases consumers’ spending capacity, which justifies the business growth. Interestingly, part of the increased consumer demand is credit card spending. The pattern of changes is consistent with the bank’s adjustment to the technological change: it reduces ATMs and allows more credit card openings and higher credit limits.

论文链接：https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2023.03947?journalCode=mnsc

作者简介：

任远，浙江大学经济学院百人计划研究员，浙江大学金融研究院研究员。他在2021年于新加坡国立大学获得金融学博士学位。主要研究方向为家庭金融、金融科技、行为金融和应用微观计量。其论文在《经济研究》、《经济学》（季刊）、Management Science、Journal of Development Economics、Review of Finance等经济金融杂志上发表。主持国家级和省部级自然科学基金各1项。