How Valuable Is FinTech Innovation?

Chen, Mark A.; Wu, Qinxi; Yang, Baozhong

doi:10.1093/rfs/hhy130

Cited by 479 publications

(172 citation statements)

References 47 publications

Supporting

Mentioning

116

Contrasting

Unclassified

Order By: Relevance

“…Given the same regional knowledge base, the emergence of B2B fintech start-ups draws exclusively from the new knowledge created in the IT sector, whereas the emergence of B2C fintech start-ups is exclusively influenced by new knowledge created in the financial sector. Hence, our study contributes not only to the emerging literature on fintech innovation (Chen et al 2019;Haddad and Hornuf 2019) but also to RBT by highlighting regional IT knowledge and IT sector workforce productivity as key inputs for fintech entrepreneurship, and the dynamic role that regional knowledge bases play throughout the start-up development process. The second line of inquiry of our study is related to the impact of social norms, or the normative pillar of Scott (2007) on entrepreneurship.…”

Section: Discussionmentioning

confidence: 80%

“…IT incumbent sectors) are likely to impact differently the emergence of the fintech sector and the types of start-ups that they foster. On the other hand, KSTE predicts that a higher stock of new knowledge is likely to lead to increased entrepreneurship opportunities; hence, we expect both the influence of knowledge generated in the IT sector and that generated in the financial sector to be positive on new fintech entrepreneurship (Chen et al 2019; Wójcik and Cojoianu 2018) Hence, we hypothesize that:…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

“…These characteristics are particularly relevant for start-ups exploiting IT developments, which have emerged in the past 10 years. In particular, advances in data science have allowed for a wide array of applications, including in the financial sector, giving rise to the most recent phase of the fintech phenomenon (Chen et al 2019). RBT suggests that heterogenous knowledge sources (financial sector vs.…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

“…In the aftermath of the global financial crisis (GFC), we are witnessing the rise of a new wave of financial innovations, referred to as fintech, powered by advances in data science and computational power to store and analyse large financially relevant datasets. Legitimized by the low levels of trust in financial services incumbents compared to technology companies (Rooney 2018;Sapienza and Zingales 2012), one of the most visible features of the fintech movement has been the rise of innovative start-ups, which offer solutions ranging from mobile payments and automated investment advice to cryptocurrencies and crowdfunding platforms (Chen et al 2019;Haddad and Hornuf 2019).…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Fin vs. tech: are trust and knowledge creation key ingredients in fintech start-up emergence and financing?

et al. 2020

View full text Add to dashboard Cite

We investigate how the emergence of fintech start-ups and their financing is shaped by regional knowledge creation and lack of trust in financial services incumbents across 21 OECD countries, 226 regions and over the 2007-2014 period. We find that knowledge generated in the IT sector is much more salient for fostering new fintech start-ups than knowledge generated in the financial services sector. Additionally, the importance of new knowledge created in the financial services sector (IT sector) increases (decreases) as fintech start-ups grow and seek financing. When the level of trust in financial services incumbents falls within a region, this is followed by an increase in the financing provided to fintech start-ups. Nevertheless, regions with historically low average levels of trust in financial services incumbents attract less fintech investment overall.

show abstract

Section: Discussionmentioning

confidence: 80%

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Fin vs. tech: are trust and knowledge creation key ingredients in fintech start-up emergence and financing?

et al. 2020

View full text Add to dashboard Cite

show abstract

“…In other words, the regulations seek greater transparency in financial transactions derived from the operators that have emerged, such as Fintech [130,131]. In addition, this regulation opens the financial market to companies, such as payment initiations service providers (PISP), that is, software that act as intermediaries between financial entities and businesses, and the account information service provider (AISP), which orders all the data on a platform of the client's financial products [132]. In relation to the analysis of keywords, it was observed that this research topic is characterized by its dynamism and by the variety of lines of research it comprises.…”

Section: Keyword Analysismentioning

confidence: 99%

Global Research Trends in Financial Transactions

Abad-Segura

González-Zamar

2020

Mathematics

View full text Add to dashboard Cite

Traditionally, financial mathematics has been used to solve financial problems. With globalization, financial transactions require new analysis based on tools of probability, statistics, and economic theory. Global research trends in this topic during the period 1935–2019 have been analyzed. With this objective, a bibliometric methodology of 1486 articles from the Scopus database was applied. The obtained results offer data on the scientific activity of countries, institutions, authors, and institutions that promote this research topic. The results reveal an increasing trend, mainly in the last decade. The main subjects of knowledge are social sciences and economics, econometrics, and finance. The author with the most articles is Khare from the Indian Institute of Management Rohtak. The most prolific affiliation is the British University of Oxford. The country with the most academic publications and international collaborations is the United States. In addition, the most used keywords in articles are “financial management”, “financial transaction tax”, “banking”, “financial service”, “blockchain”, “decision making”, and “financial market”. The increase in publications in recent years at the international level confirms the growing trend in research on financial transactions.

show abstract

Circular business models and the environment: Maturity levels of the circular economy and innovation in greener craft breweries

et al. 2022

View full text Add to dashboard Cite

This article aims to highlight the level of maturity of the circular economy according to the ReSOLVE framework, the level of maturity of technical and biological cycles, and the level of maturity of sustaining and disruptive innovation in Brazilian and Portuguese craft brewing companies. Through a multiple case study in the craft brewery sector in the state of Santa Catarina (Brazil) and in the city of Porto (Portugal), a qualitative study was developed by means of a documentary analysis of secondary data, technical visits, and application of on‐site interviews with 11 Brazilian and 11 Portuguese companies. The results indicate that (I) Brazilian and Portuguese companies are at different maturity levels concerning the circular economy, according to the ReSOLVE framework; (II) the maturity levels of the technical and biological cycles can be identified in the recycling practices of both cases, with the 11 Portuguese companies operating at the optimized level while the Brazilian companies are moving toward optimization; and (III) regarding innovation maturity levels, sustaining innovation is incorporated and optimized in these 22 companies. Concerning disruptive innovations, the results show that Brazilian and Portuguese companies are at different stages. This study contributes to theory by linking circular economy constructs and innovation and introducing gastronomy as a new link between these constructs. For practitioners, it highlights the stages of maturity and practical actions that can guide the improvement of maturity levels. In terms of limitations, we cite the geography and population of the countries and states addressed, the pandemic, differing production volume between companies, and the scope of the businesses. We suggest that future studies replicate or expand the sample to other geographic regions, as well as apply the framework to other business segments.

show abstract

How Valuable Is FinTech Innovation?

Cited by 479 publications

References 47 publications

Fin vs. tech: are trust and knowledge creation key ingredients in fintech start-up emergence and financing?

Fin vs. tech: are trust and knowledge creation key ingredients in fintech start-up emergence and financing?

Global Research Trends in Financial Transactions

Circular business models and the environment: Maturity levels of the circular economy and innovation in greener craft breweries

Contact Info

Product

Resources

About