The emergence of the global fintech market: economic and technological determinants
By Christian Haddad, Lars Hornuf. Small Business Economics, 2016
718 citations recorded by the source corpus.
We investigate the economic and technological determinants inducing entrepreneurs to establish ventures with the purpose of reinventing financial technology (fintech). We find that countries witness more fintech startup formations when the economy is well-developed and venture capital is readily available. Furthermore, the number of secure Internet servers, mobile telephone subscriptions, and the available labor force has a positive impact on the development of this new market segment. Finally, the more difficult it is for companies to access loans, the higher is the number of fintech startups in a country. Overall, the evidence suggests that fintech startup formation need not be left to chance, but active policies can influence the emergence of this new sector.
Subfields: Accounting, Information Systems, Management Information Systems
View Paper: https://www.semanticscholar.org/paper/876278c53738fa7bc973845e4201c8cab109121c
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Citations in the corpus
- How Green FinTech Can Alleviate the Impact of Climate Change—The Case of Switzerland (2020, neutral): “, crowdlending) [16,17] are also important categories.”
- Do financial technology firms influence bank performance? (2020, background): “…(a) Cumming and Schwienbacher (2016), who investigate the pattern of venture capital investment in FinTech using a global sample of firms; (b) Haddad and Hornuf (2018), who test the determinants of the global FinTech market; (c) Brandl and Hornuf (2017), who trace the transformation of the…”