Webinar Series

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Innovation, Productivity and Challenges in the Digital Era: Asia and Beyond

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Oct 2021

Digitization and Artificial Intelligence: Challenges and Opportunities for Policy

Susan ATHEY
Keywords: AI, machine learning, autonomy, service delivery
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Annual Conference

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Accounting, Senior Fellows/Fellows

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May 2022

Digitalization, Accounting Jobs, and Financial Reporting Quality

Qiang CHENG, Amanda AWYONG, Tian DENG, Rencheng WANG
This study examines the effect of firm digitalization on the demand for corporate accountants and their digital skills. Using 170,000 job posts for corporate accountants made by U.S. nontechnology firms during the 2011–2019 period, we find that firms that adopt digital technologies demand more dig...
Keywords: digitalization, accountants, digital skills, human capital, financial reporting quality
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Senior Fellows/Fellows

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Senior Fellows/Fellows

Digital Transmission of Financial Knowledge: Evidence from Stock Market Investment

Xiaomin GUO, Yi HUANG, Qi SUN, Bernard YEUNG
This paper studies how a digital platform’s transmission of financial knowledge influences users’ stock market participation and investment performance. Lever-aging a Chinese platform’s randomly distributed nudges as an instrument, we find that the resultant increase in exposure to financial k...
Keywords: Digital Technology Adoption, FinTech, Portfolio Choice, Individual In-vestors, Financial Literacy
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Webinar Series

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Capital Market Development: China and Asia

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Mar 2025

Digital Technology, Legal Reforms, and Bank Lending

Yi HUANG, Yuchao PENG, Yangfan SUN, Nanxuan WANG, Bernard YEUNG
The introduction of online collateral auctions through legal reform has established a more efficient bankruptcy resolution mechanism. This technology-driven change has enhanced the ex-ante value of secured loans, influencing the supply, demand, and composition of bank lending. Using granular loan-le...
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Annual Conference

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Economic Transformation of Asia, Senior Fellows/Fellows

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May 2019

Digital Payments Induce Over-Spending: Evidence from the 2016 Demonetization in India

Sumit AGARWAL, Pulak GHOSH, Jing LI, Tianyue RUAN
We examine the impact of digital payments on consumer spending by exploiting a forced switch to digital payments induced by the 2016 Indian Demonetization. This policy resulted in a 86% decline in the cash that could be used for spending transactions and led cash-dependent consumers to adopt digital...
Keywords: digital payments, overspending, Demonetization, India
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