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DTSTAMP:20260321T205655Z
SUMMARY:Tania Babina\, PhD\, Smith School of Business
DESCRIPTION: \n\nSELECTED PUBLICATIONS\n\nCustomer Data Access and Fintech 
 Entry: Early Evidence from Open\nBanking. The Journal of Financial Economi
 cs 2025\, with Saleem Bahaj\,\nGreg Buchak\, Filippo De Marco\, Angus Foul
 is\, Will Gornall\, Francesco\nMazzola\, Tong Yu\n\n * AFA\; NY Fed Fintec
 h Conference\; UTD Finance Conference\; EFA\; NFA\;\nNBER SI Corporate Fin
 ance\; NBER Economics of Privacy Conference\; UBC\nWinter Finance Conferen
 ce\; Barcelona Summer Forum\; FIRS\; Esade Spring\nWorkshop(Barcelona)\; E
 ntrepreneurship and Innovation at Nova SBE\; HEC\nWorkshop on Entrepreneur
 ship\; OCC Conference\; NFA\; Rome Junior Finance\nConference\; UBC Winter
  Finance Conference\; Columbia\; Erasmus\nUniversity in Rotterdam\; Cheung
  Kong Graduate School of Business\; HEC\nLausanne\; Maastricht University\
 ; NYU WAPFIN (Women Assistant\nProfessors in Finance)\; Stanford\; Stockho
 lm School of Economics\; UBC\;\nUniversidad Carlos III de Madrid\; USC\; W
 harton\; NYU\, MIT\, OSU\n * Open banking (OB) empowers bank customers to 
 share transaction\ndata with fintechs and other banks. 49 countries have 
 adopted OB\npolicies. Consumer trust in fintechs predicts OB policy adopt
 ion and\nadoption spurs investment in fintechs. UK microdata shows that O
 B\nenables: i) consumers to access both financial advice and credit\; ii)
 \nSMEs to establish new fintech lending relationships. In a calibrated\nm
 odel\, OB universally improves welfare through entry and product\nimprovem
 ents when used for advice. When used for credit\, OB promotes\nentry and c
 ompetition by reducing adverse selection\, but higher prices\nfor costlier
  or privacy-conscious consumers partially offset these\nbenefits.\n\nIPO
 s\, Human Capital\, and Labor Reallocation. The Journal of Financial\nand 
 Quantitative Analysis 2025\, with Paige Ouimet and Rebecca\nZarutskie\n\n 
 * AFA\; NBER Entrepreneurship\; Texas Finance Festival\; Dartmouth PE\nand
  Entrepreneurship conference\; SFS Finance Cavalcade\; Changing Role\nof S
 tock Markets in Capital Formation - NYU\; Annual Meetings of the\nSociety 
 of Labor Economics\; Darden & Cambridge Judge Entrepreneurship\nand Innova
 tion Research Conference\n * We examine the human capital of IPO-filing fi
 rms and how going\npublic affects their labor force. IPO-filing firms have
  high average\nwages and limited industrial diversification. Moreover\, we
  document\nthat a successful IPO increases departures of high-skilled empl
 oyees\nto startups and diversification though employment growth in non-cor
 e\nindustries. While IPOs do not significantly affect earnings growth of\n
 pre-IPO workers\, post-IPO hires receive larger earnings increases upon\nj
 oining. These results are most consistent with agency mechanisms\nassociat
 ed with the transition to public ownership. Overall\, going\npublic has si
 gnificant implications for the firms’ overall labor\nforce\, the firm\, 
 and labor reallocation.\n\nFriends during Hard Times: Evidence from the Gr
 eat Depression. The\nJournal of Financial and Quantitative Analysis 2024\,
  with Diego Garcia\nand Geoff Tate\n\n * AEA\; Corporate Finance Conferenc
 e (Wash-U)\; EFA\; LBS Summer\nFinance Symposium\; FIRS\; Financial Instit
 utions\, Regulation &\nCorporate Governance (FIRCG) Conference\; Spring Fi
 nance Conference at\nthe UT-Dallas\n * Using a novel dataset of over 3500 
 public and private firms\, we\nconstruct the network of firm connections t
 hrough executives and\ndirectors on the eve of the 1929 financial market c
 rash. We find that\nmore connected firms have 17% higher 10-year survival 
 rates on\naverage. Consistent with a role in facilitating access to workin
 g\ncapital\, the results are particularly strong for small firms\, private
 \nfirms\, cash-poor firms\, and firms located in counties with high bank\n
 suspension rates during the crisis. Moreover\, connections to cash-rich\nf
 irms that increase their accounts receivable during the peak of the\ncrisi
 s are most important for survival. Our results suggest that\nnetwork conne
 ctions can play a stabilizing role during a financial\ncrisis by easing th
 e flow of capital to constrained firms.\n\n 
DTSTART:20260410T143000Z
DTEND:20260410T160000Z
LOCATION:Gerri C. LeBow Hall\, 3220 Market Street\, 1139\, Philadelphia\, P
 A 19104
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