Digital Entrepreneurship

Digital Entrepreneurship brings new opportunities and challenges. Exploring the new digital landscape provides knowledge on the impact of this fast-growing digital driver of entrepreneurship on the transformation of the socioeconomic system, and information on how these changes can generate business opportunities.

It is our honour to have Prof Satish NAMBISAN and Prof Martin OBSCHONKA to be our speakers of the IIDS Digital Entrepreneurship Seminar. The seminars will provide knowledge on the new form of entrepreneurial operates across various digital platforms and information on how these changes can generate business opportunities.

Digital Entrepreneurship has change the way of doing business. In recent years, there has been a growing adoption of digital platforms in positioning products and services within dynamic digital networks using Big Data and Artificial Intelligence. Digital Entrepreneurship takes an important role in exploring business opportunities and mobilizing resources using digital networks.

Thanks again for Prof Satish NAMBISAN, and Prof Martin OBSCHONKA for their contribution to the “IIDS Project – The Evolution of Digital Entrepreneurship, FinTech and FinReg”. We are looking forward to our research collaborations in the future.

Sep, 2020Jun, 2022

Evaluation of Artificial Intelligence and Machine Learning in Auto Finance

The INTER-INSTITUTIONAL DEVELOPMENT SCHEME (IIDS) Seminars are fully supported by a grant from the Research Grants Council of the Hong Kong Special Administrative Region, China (RGC Ref. No.: UGC/IIDS15/B01/19

PPT

Where are we Headed? The Future of FinTech

Increasing Regulation of Platforms

Principles‐based compliance
Automated/remote compliance
ZeroBias/Fairness demonstration

Changing Customer Exectations and GenZ

Automated Instant Decisions (a la Kabbage)
- Fraud
- Credit
- Authorization
Personalization
- Smooth robotic interface
- Customized everything
Risk evaluation machines ubiquitous!

Data Assets are Central

Creation of “alternative databases”
- – i.e. all real estate transactions are recorded, but it
- requires some “sweat of the brow” to create clean
- and integrate noisy/incomplete historical data
  - Naming mismatches
  - Errors in translation of physical to electronic records
  - New players like SnowFlake are addressing this space
Big‐Tech making major inroads into these spaces via new kinds of data and better machine learning methods
Will they remain “tools providers” or eat the lunch of existing players?

Aug, 2020Jun, 2022

Blockchain and Smart Contracts

PPT

Baseline model
- Credit market competition for borrowers with private types
- Lenders (bank and ntech) with asymmetric screening technologies
Open banking and data sharing
- Borrowers can voluntarily share their own data resided in bank
- But what kind of data? Welfare implications?
- Endogenous credit quality inference: adverse selection as the backbone of credit market
Open banking: Credit information sharing
- Potentially perverse eect of open banking
Open banking: privacy and targeted loans
- Endogenous sign-up population and information externalities

Paper

Open banking facilitates data sharing consented by customers who generate the data, with a regulatory goal of promoting competition between traditional banks and challenger fintech entrants. Open banking could make the entire financial industry better off yet leave all borrowers worse off, even if borrowers could choose whether to share their data. The importance of equilibrium credit quality inference from borrowers’ endogenous sign-up decisions. When data sharing triggers privacy concerns by facilitating exploitative targeted loans, the equilibrium sign-up population can grow with the degree of privacy concerns.

I would like to express my heartfelt thanks to Prof HE to bring us the academic model. The model points out that open banking could make the entire financial industry better off yet leave all borrowers worse off, even if borrowers could choose whether to share their data. Since the degree of privacy concern is an important welfare issue. Perhaps, one possible way to relax this concern is to use BlockChain Technology and Smart Contracts. The blockchain network serves as a secure ledger of transactions and information sharing thus are remodelling the traditional banking environment

Aug, 2020May, 2022

FinTech Seminars (Zoom) in Oct 2020

I would like to express my heartfelt thanks to Prof Vasant DHAR and Prof Zhiguo HE for being the speaker for the IIDS FinTech seminar. There are over 150 registrations (including colleagues from oversea and local universities such as HKU, HKBU, HKCityU, HKLU, OUHK and UOWCHK) for the seminars. Their presentations are extremely informative, and the active participation illustrated the importance of the topic to our colleagues and students.

The INTER-INSTITUTIONAL DEVELOPMENT SCHEME (IIDS) Seminars are fully supported by a grant from the Research Grants Council of the Hong Kong Special Administrative Region, China (RGC Ref. No.: UGC/IIDS15/B01/19

IIDS Zoom Seminar: Evaluation of Artificial Intelligence and Machine Learning in Finance	IIDS Zoom Seminar: BlockChain Technology and Smart Contracts
Time: 9:00 am to 10:15am	Time: 10:30am to 11:45am
Date: Wed, 7 OCT, 2020	Date: Wed, 7 OCT, 2020
Speaker: Prof Vasant DHAR Stern School of Business and the Center for Data Science at New York University	Speaker: *Prof Zhiguo HE* Fuji Bank and Heller Professor of Finance at the University of Chicago Booth School of Business

Venue for walk-in: RLG502 (Computer Room)

Schedule

Date: Wed, 7^th OCT 2020 (HK); Tue, 6^th OCT 2020 (New York, Chicago)

Welcome: 09:00 to 09:05 (HK); 21:00 to 21:05 (New York)

Presentation: 09:05 to 10:00 (HK); 21:05 to 22:00 (New York)

Prof Vasant DHAR

Q&A: 10:00 to 10:15 (HK); 22:00 to 22:15 (New York)

Break: 10:15 to 10:30 (HK)

Welcome: 10:30 to 10:35(HK); 21:30 to 21:35 (Chicago)

Presentation: 10:35 to 11:30 (HK); 21:35 to 22:30 (Chicago)

Prof Zhiguo HE

Q&A: 11:30 to 11:45(HK); 22:30 to 22:45(Chicago)

END: 11:45(HK)

Aug, 2020May, 2022

Digital Entrepreneurship Seminars (Zoom) in Sep 2020

I would like to express my heartfelt thanks to Prof Satish NAMBISAN and Prof Martin OBSCHONKA for being the speaker for the IIDS Digital Entrepreneurship seminar. There are over 150 registrations from oversea and local universities such as HKU, HKBU, HKCityU, HKLU, OUHK and UOWCHK, for the seminars. Their presentations are extremely informative, and the active participation illustrated the importance of the topic to our colleagues and students.

TUE 22 Sep 2020

IIDS Zoom Seminar: The New Digital Landscape of Entrepreneurship	IIDS Zoom Seminar: Entrepreneurship Network in the Digital Era
Time: 09:00am to 10:15am	Time: 10:30am to 11:45am
Speaker: Prof Satish NAMBISAN The Nancy and Joseph Keithley Professor of Technology Management at Case Western Reserve University, Ohio, U.S.	Speaker: Prof Martin OBSCHONKA Professor in Entrepreneurship at Queensland University of Technology, Brisbane, Australia

Schedule

Date: 22(Tue) Sep 2020 (HK and Queensland); 21(Mon) Sep, 2020 (Ohio)

Welcome: 09:00 to 09:05 (HK); 21:00 to 21:05 (Ohio)

Presentation: 09:05 to 10:00 (HK); 21:05 to 22:00 (Ohio)

Prof Satish NAMBISAN

Q&A: 10:00 to 10:15 (HK); 22:00 to 22:15 (Ohio)

Break: 10:15 to 10:30 (HK)

Welcome: 10:30 to 10:35(HK); 12:30 to 12:35(Queensland)

Presentation: 10:35 to 11:30 (HK); 12:35 to 13:30 (Queensland)

Prof Martin OBSCHONKA

Q&A: 11:30 to 11:45(HK); 13:30 to 13:45(Queensland)

END: 11:45(HK)

Aug, 2020May, 2022

Entrepreneurship Network in the Digital Era

PPT

Aug, 2020May, 2022

The New Digital Landscape of Entrepreneurship

PPT

Reference

Nambisan, S., & Baron, R. A. (2020). On the costs of digital entrepreneurship: Role conflict, stress, and venture performance in digital platform-based ecosystems. Journal of Business Research.
Nambisan, S., Lyytinen, K., & Yoo, Y. (2020). Digital innovation: towards a transdisciplinary perspective. In Handbook of Digital Innovation. Edward Elgar Publishing.
Nambisan, S., Zahra, S. A., & Luo, Y. (2019). Global platforms and ecosystems: Implications for international business theories. Journal of International Business Studies, 50(9), 1464-1486.
Nambisan, S., Wright, M., & Feldman, M. (2019). The digital transformation of innovation and entrepreneurship: Progress, challenges and key themes. Research Policy, 48(8), 103773.
Autio, E., Nambisan, S., Thomas, L. D., & Wright, M. (2018). Digital affordances, spatial affordances, and the genesis of entrepreneurial ecosystems. Strategic Entrepreneurship Journal, 12(1), 72-95.
Nambisan, S., Siegel, D., & Kenney, M. (2018). On open innovation, platforms, and entrepreneurship. Strategic Entrepreneurship Journal, 12(3), 354-368.
Nambisan, S. (2017). Digital entrepreneurship: Toward a digital technology perspective of entrepreneurship. Entrepreneurship Theory and Practice, 41(6), 1029-1055.
Lusch, R. F., & Nambisan, S. (2015). Service innovation: A service-dominant logic perspective. MIS Quarterly, 39(1), 155-175.
Nambisan, S., & Baron, R. A. (2013). Entrepreneurship in innovation ecosystems: Entrepreneurs’ self–regulatory processes and their implications for new venture success. Entrepreneurship Theory and Practice, 37(5), 1071-1097.

Aug, 2020Aug, 2020

Honourable Speakers

I would like to express my heartfelt thanks to Prof Ross BUCKLEY (KPMG Law — King & Wood Mallesons Professor of Disruptive Innovation, and a Scientia Professor, at UNSW Sydney— the University of New South Wales Sydney) and Prof John ARMOUR ( Professor of Law and Finance, Oxford University, and Fellow of the British Academy and the European Corporate Governance Institute) for accepting our invitation to be the speaker of the IIDs FinReg Seminars.

Prof Ross BUCKLEY
KPMG Law — King & Wood Mallesons Professor of Disruptive Innovation, and a Scientia Professor, at UNSW Sydney— the University of New South Wales Sydney

Prof John ARMOUR
Professor of Law and Finance, Oxford University, and Fellow of the British Academy and the European Corporate Governance Institute

Aug, 2020Aug, 2020

Honourable Speakers

I would like to express my heartfelt thanks to Prof Vasant DHAR (the Stern School of Business and the Center for Data Science at New York University) and Prof Zhiguo HE ( Fuji Bank and Heller Professor of Finance at the University of Chicago Booth School of Business, the Director of Becker Friedman Institute-China and Co-Director of the Fama-Miller Center) for accepting our invitation to be the speaker of the IIDs FinTech Seminars.

Prof Vasant DHAR
Stern School of Business and the Center for Data Science at New York University

Prof Zhiguo HE
Fuji Bank and Heller Professor of Finance at the University of Chicago Booth School of Business

Aug, 2020Aug, 2020

Prof John ARMOUR

Prof John ARMOUR is Professor of Law and Finance at Oxford University and a Fellow of the British Academy and the European Corporate Governance Institute. He was previously a member of the Faculty of Law and the interdisciplinary Centre for Business Research at the University of Cambridge. He studied law (MA, BCL) at the University of Oxford and then at Yale Law School (LLM). He has held visiting posts at various institutions including the University of Auckland, the University of Chicago, Columbia Law School, the University of Frankfurt, the Max Planck Institute for Comparative Private Law in Hamburg, the University of Pennsylvania Law School and the University of Sydney. He is a member of the American Law Institute and an Academic Member of the Chancery Bar Association. Armour has published widely in the fields of company law, financial regulation, and corporate insolvency. His main research interest lies in the integration of legal and economic analysis, with particular emphasis on the impact on the real economy of changes in company law, corporate insolvency law and financial regulation. He serves as an Executive Editor of the Journal of Corporate Law Studies and the Journal of Law, Finance and Accounting, and has been involved in policy-related projects commissioned by the UK’s Department of Trade and Industry (now BEIS), Financial Services Authority (now FCA) and Insolvency Service, the Commonwealth Secretariat, and the World Bank. He served as a member of the European Commission’s Informal Company Law Expert Group from 2014-19.