Crowdfunded Microfinance

Crowdfunded Microfinance

27/08/2025

Financial inclusion;FinTech

10:00

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10:30

Using a novel dataset from Ant Forest, a mini-app within Alibaba’s flagship fintech platform Alipay, we examine how gamified social interactions influence users’ green investment decisions. We find that the users’ green preference, measured by daily low-carbon activities, is enhanced when they engage more in gamified social interactions designed for environmental education, thereby increasing their investment proportion in green mutual funds. We also provide suggestive, but only suggestive, evidence that green education may play a role in shaping users’ green preferences through gamification. Our findings are stronger among male and younger users and those less involved in environmental conservation actions. Our study provides the first mechanism in which gamified social interactions facilitate green investments by enhancing individuals’ green preferences.

Using a novel dataset from Ant Forest, a mini-app within Alibaba’s flagship fintech platform Alipay, we examine how gamified social interactions influence users’ green investment decisions. We find that the users’ green preference, measured by daily low-carbon activities, is enhanced when they engage more in gamified social interactions designed for environmental education, thereby increasing their investment proportion in green mutual funds. We also provide suggestive, but only suggestive, evidence that green education may play a role in shaping users’ green preferences through gamification. Our findings are stronger among male and younger users and those less involved in environmental conservation actions. Our study provides the first mechanism in which gamified social interactions facilitate green investments by enhancing individuals’ green preferences.

Antonio Gargano
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Antonio Gargano

Keynote
Antonio Gargano
Keynote: "Lessons from fintech-academic collaborations"
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Antonio Gargano

Keynote
Emilia Bunea
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Emilia Bunea

Keynote
Emilia Bunea
Keynote: "Leadership for finance professionals: A CEO-turned-leadership-scholar perspective"
25-27 August 2025

25/08/2025

Emilia Bunea

Keynote
Allan Mendelowitz
Keynote: "The promise of digital finance: Greater transparency, enhanced efficiency, and more effective and less burdensome regulation"
25-27 August 2025

26/08/2025

Allan Mendelowitz

Keynote
Allan Mendelowitz
Keynote: "The promise of digital finance: Greater transparency, enhanced efficiency, and more effective and less burdensome regulation"
25-27 August 2025

26/08/2025

Allan Mendelowitz

Keynote
Albert Menkveld
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25-27 August 2025

27/08/2025

Albert Menkveld

Keynote
Albert Menkveld
Keynote: "What we can learn today about the markets of tomorrow: Crypto, crashes and credible research"
25-27 August 2025

27/08/2025

Albert Menkveld

Keynote