Seminar (Dept. of Finance)

Theme：Surviving the Fintech Disruption

Speaker：Yuehua Tang (Emerson-Merrill Lynch Associate Professor of Finance, Warrington College of Business, University of Florida)

Time：2022-06-10 10:00

Address：Online Meeting

Language：English

 ABSTRACT:

Based on a new measure of fintech exposure at the occupation level, constructed by intersecting textual information in job task descriptions and fintech patents, we document a significant decline of job postings in the most exposed occupations. Firms resort to upskilling, requiring more finance and software “combo” skills, higher educational attainment, and more work experience when hiring in fintech-exposed occupations. In the meanwhile, more sub-occupations were created among the most exposed. Financial firms and innovative firms are able to offset the disruptive effect from the fintech shock. However, only inventors (but not acquisition-driven innovators) enjoy growth in hiring, sales, and productivity.

SHORT BIOGRAPHY:

Yuehua Tang is the Emerson-Merrill Lynch Associate Professor of Finance, Coordinator of Finance Ph.D. Program at the Warrington College of Business, University of Florida. His research interests are in institutional investors, mutual funds and hedge funds, corporate finance, climate finance, and Fintech. He received PhD in finance from Georgia State University in 2013. His research has appeared in Journal of Financial Economics, Journal of Finance, Management Science, and Journal of Corporate Finance, etc.