Finance
Project
March 12, 2021

The Rise of Crowd Funding to Small Business: Dynamic Impacts on Local Credit, Labor Markets, and Investments

The goal of this research project is to assess whether financial services offered by fintech credit platforms and banks are complementary or a substitute for firms; assess the economic consequences of fintech credit supply on firm policies; and examine the response of traditional intermediaries to the competition arising from the presence of new credit platforms.

The project will benefit from three unique sources of data: proprietary data from a leading Portuguese P2B platform focused on medium-to-long term loans that directly links retail investors to SME borrowers; information on the universe of non-financial corporations operating in Portugal from 2010 to 2018 from Central de Balanços, managed by the Bank of Portugal; and the Central Credit Registry of Bank of Portugal

Emanuele Rizzo, from the Nova SBE Finance Knowledge Center, was granted the Lamfalussy Research Fellowship from the European Central Bank with this research project. The Lamfalussy Fellowship programme aims to promote high-quality research on the structure, integration and performance of the European financial system. Only up to five fellowships are awarded annually.

Additional Co-authors from Nova SBE: Miguel Ferreira, Melissa Prado and Afonso Eça

Nova SBE Finance Knowledge Center

Nova SBE Finance Knowledge Center is to developed and disseminate state-of-the-art research and knowledge in finance.

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17. Partnerships for the goals
Finance
Project
SDG
4

Finance PhD Events

Finance PhD Events is an initiative of the Nova SBE Finance Knowledge Center and is a natural outcome of our commitment and willingness to serve the profession.

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Finance
Opinion Article
SDG
13

It Is Time to Consider Investing In Renewable Energies

In the beginning, investments in renewable energies only drew environmentally motivated capital. Money was allocated with the heart. But presently, it would be difficult for family offices and other types of investors to neglect the opportunities generated by clean energies.

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Finance
Opinion Article
SDG
13

Interested in Sustainable Finance? These Three Platforms Will Help You

At least three trends are steering the wealth management industry. The first is related to the increasing role of mobile and digital solutions. “Clients of digital advisors report high levels of satisfaction— 5 to 10 times higher than clients of traditional wealth managers—due in large part to their improved experiences,” says a recent McKinsey report.

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