We would like to invite you to a research seminar by Claudia Curi, Associate Professor of Finance at Free University of Bozen-Bolzano.
Paper: Does Digital Finance matter? Evidence from the impact of COVID19 shock on bank stocks
Authors: Claudia Curi (Free University of Bolzano-Bozen), Ana Lozano-Vivas (University of Malaga), Maurizio Murgia (Free University of Bolzano-Bozen)
Abstract: The aim of the present paper is to analyze whether digital finance matter by exploiting the unique event of COVID19 pandemic global shock as a natural experiment to size stock market reaction. The analysis is applied for a sample 361 listed banks in OECD countries. We proxy the degree of digitalization with the number of M&As undertaken by banks in the last 10 years, assuming that a bank is more digital if it has acquired specialized firms in the Technology and Fintech sectors.We gather information of M&As in last 10 years, and we distinguish between Tech M&A (57) and non-tech M&A (304). Our findings support the hypothesis that “advanced digital bank stocks” have been positively affected by their technology strategy. That is, advanced digital bank stocks have been relatively “winners” during the time of a worldwide collapse of stock markets.
The seminar will take place on Monday, October 3, in Room 105 since 12:30.
Autor - doc. PhDr. Martin Gregor Ph.D.