The impact of fintech M&amp;A on stock returns

Dranev, Yury; Frolova, Ksenia; Ochirova, Elena

doi:10.1016/j.ribaf.2019.01.012

Cited by 77 publications

(42 citation statements)

References 48 publications

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“…This study presents the complementary relationship between the supply drivers of the FinTech growth by capital access with the demand drivers of FinTech adoption and the share prices of the traditional financial institutions. This study extends the cross-sectional analysis of FinTech start-ups into ASEAN countries due to the probable varying impact across different countries as compared to the developed countries conducted by [3] and [26].…”

Section: Our Contributionmentioning

confidence: 74%

“…The only advantage of FinTech over the incumbents is the competitive technological advancement but healthy ones to enhance the efficiency of the financial market and bolster the resiliency of the incumbents to be adaptive to a new game again [24]. The incumbers may acquire the FinTech firms through merger and acquisition (M&A), but the study conducted by [26] showed that the positive abnormal stock returns for the FinTech-acquirer firms in the short-term but over the long-run, FinTech M&A does not create any additional value for the acquirer firms which illustrated the overreaction of the investors to the FinTech M&A announcement in the first place, and the FinTech M&A in developed countries has greater impact on stock returns as compared to that in the emerging countries.…”

Section: Complementary By Collaborationmentioning

confidence: 99%

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The Effect of FinTech on the Financial Institution in Six ASEAN Countries: Fama-French Five-Factor Asset Pricing Model Approach

Low¹,

Wong²

2021

Advances in Economics, Business and Management Research

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This study aimed to address the varying effects of FinTech growth across six ASEAN countries as the result of geographical heterogeneity of the FinTech start-ups. We examined both the supply and demand drivers to the growth of the FinTech start-ups on the stock returns of 70 incumbent banks across six ASEAN countries from 2012 to 2018. Annual data of the supply drivers such as dollar-funding volume, number of deals and number of FinTech companies were created, and the demand drivers such as internet banking population, alternative financial service providers and unbanked population, were regressed against the incumbents' stock returns with panel data analysis. The findings indicate that the relationships between the FinTech growth and incumbents' stock returns in Singapore and Philippine are positive while there is insignificant negative relationship to the incumbents in Indonesia and insignificant positive relationship to the incumbents in Vietnam. FinTech growth in Malaysia and Thailand were found to have no effect on the incumbents' stock return. These results vary across respective geographical areas in ASEAN countries due to the distinctive fundamental settings of the FinTech adoption and FinTech investment in response by the consumers and suppliers of funds contributing to the FinTech growth.

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Section: Our Contributionmentioning

confidence: 74%

Section: Complementary By Collaborationmentioning

confidence: 99%

The Effect of FinTech on the Financial Institution in Six ASEAN Countries: Fama-French Five-Factor Asset Pricing Model Approach

Low¹,

Wong²

2021

Advances in Economics, Business and Management Research

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“…Some studies have pursued this route by focusing on the adoption and diffusion of fintech products and services (consumer side), but to the best of our knowledge, there are very few studies focusing on what happens behind closed doors (producer side). This is seemingly at odds with what one might expect, since understanding what lies beneath such innovations would in no way destroy the magic; if anything, it would only deepen our appreciation and teach us about our technological development (Dranev, Frolova, & Ochirova, 2019).…”

Section: Fintech and Its Peculiaritiesmentioning

confidence: 92%

The rise and rise of financial technology: The good, the bad, and the verdict

Iman

2020

Cogent Business & Management

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While the use of the term fintech or financial technology has proliferated widely, theoretical work on the concept has lagged behind. This article attempts to capture the discussion on fintech, to provide a critique of the literature, and to propose future research opportunities. In order to do so, a list of peer-reviewed journals was compiled, identified, examined, coded, and classified into high-level themes to be reviewed, analysed, and interpreted. After synthesising the notion of fintech in the literature, this article proposes several potential areas for further exploration, divided into the following themes: definition, attributes, adoption, regulation, and competition. Fintech or financial technology is a relatively new subject in the literature but commonly cited as one of the most important innovations in the financial industry. It is expected that this article will help researchers and academics who are interested in studying the phenomenon more broadly.

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“…al (2019) 93 Dranev et. al (2019), 94 , 95 and Keke Gai, et. al (2017) 96 who all concluded that, financial technology can increase the ease for everyone to obtain and use financial services from both banking financial institutions and nonbank financial institutions so as to increase financial inclusion in general.…”

Section: The Influence Of Islamic Financial Technology On Islamic Finmentioning

confidence: 98%

The Effect Of Islamic Financial Literation And Financial Technology On Islamic Financial Inclusion

Basrowi¹,

Suryanto

Anggraeni

et al. 2020

alfalah

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Purpose: The purpose of this study was to determine the magnitude of the influence of Islamic financial literacy and Islamic financial technology on the inclusion of Islamic finance in students in Lampung Province both partially and simultaneously.Design Methods:The method used is a survey method. The population of this study is all smester V students and above in Islamic Economics Study Program, Islamic Banking. and sharia accounting in all State and Private Universities in Lampung Province, totaling 3080 people. The sampling technique used is proportional grain sampling, as much as 10% of the population of 308 people. Data collected using surveys, with google form. The collected data were analyzed using simple and multiple regression analysis.Findings:Based on the results of the analysis it can be concluded, first, there is a positive and significant influence between the literacy of Islamic finance on Islamic financial inclusion. Second, there is a positive and significant influence between Islamic financial technology on Islamic financial inclusion. Third, there is a positive and significant influence between Islamic financial literacy and Islamic financial technology together on Islamic financial inclusion.Originality Value: Of the two independent variables, sharia financial literacy variables contributed more than sharia financial technology variables to sharia financial inclusion.

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The impact of fintech M&A on stock returns

Cited by 77 publications

References 48 publications

The Effect of FinTech on the Financial Institution in Six ASEAN Countries: Fama-French Five-Factor Asset Pricing Model Approach

The Effect of FinTech on the Financial Institution in Six ASEAN Countries: Fama-French Five-Factor Asset Pricing Model Approach

The rise and rise of financial technology: The good, the bad, and the verdict

The Effect Of Islamic Financial Literation And Financial Technology On Islamic Financial Inclusion

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