学术活动

标题:

日期和时间: 

2025年3月21日 (周五) 

10:30 - 12:00 

地点

Room 102, Conference Complex Ⅱ

主讲人:

Jung Koo Kang教授

哈佛商学院

We investigate whether the adoption of data-driven technologies reshapes the competitive dynamics within the small business lending market by reducing the information advantages traditionally held by local banks. To identify these information advantages, we utilize local newspaper closures as an information shock to capture the reduction of local information available to non-local banks. Consistent with a decrease in valuable local information reinforcing local banks' information advantages, we show that banks with higher local market concentration obtain a larger share of small business loans in their local counties following local newspaper closures. However, these information advantages gradually diminish over time after cloud platforms, a key data-driven technology infrastructure, are widely implemented. Using various proxies for data-driven technology adoption, we find consistent evidence that local banks' information advantages disappear in counties where they compete against banks making greater investments in these technologies; specifically, those expanding AI-related human capital investments, developing more AI patents, adopting web analytics technologies, or allocating larger budgets for data storage. We further support our results using banks’ proximity to AI research institutions as an instrument for AI-related human capital investments. Overall, these findings suggest that data-driven technologies can reduce local banks' private information advantages, leveling the playing field in lending markets.

主讲人简介:

Jung Koo Kang是哈佛商学院会计与管理部门的助理教授，他教授MBA 核心课程中的《财务报告与控制》。Jung Koo Kang教授的研究领域包括金融科技与创新、替代数据、债务契约以及金融中介。他的研究主要探讨金融科技与替代数据如何推动信贷市场的创新，为企业创造价值，并解决重要的社会问题。他的研究成果已发表在《Journal of Accounting and Economics》, 《Journal of Accounting Research》, 《Journal of Financial Reporting and Review of Accounting Studies》。

Jung Koo Kang教授在南加州大学获得会计学博士学位，此外还拥有明尼苏达大学的统计学硕士学位以及高丽大学的工商管理学士学位。在进入学术界之前，他曾从事审计师、信用评级分析师以及企业银行家等工作达七年之久。他同时拥有注册会计师（CPA）和特许金融分析师（CFA）资格认证。