Venture Capital, Credit, and FinTech Start-Up Formation: A Cross-Country Study

Kolokas, Dimitrios; Vanacker, Tom; Veredas, David; Zahra, Shaker A.

doi:10.1177/1042258720972652

Cited by 35 publications

(26 citation statements)

References 98 publications

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“…Fintech's potential to address challenging problems of financial exclusion and contribute to socio-economic development brings the entrepreneurial origins of fintech innovations into sharp focus. There is scarce research into the 'microfoundations' (Powell & Rerup, 2017) of fintech innovations such as fintech entrepreneurs' 'individual-level motivational triggers' (Sandeep & Ravishankar, 2015) or how fintech entrepreneurs deal with the financing of new ventures (Kolokas et al, 2020). IS research on fintech and the ICT4D literature on financial inclusion are still in its infancy in terms of evaluating-for example, through in-depth case studies and semi-structured interviews-the motives and actions of fintech entrepreneurs, and their rationales for turning to fintech innovations in their pursuit of creating social impact.…”

Section: Microfoundations Of Fintech For Financial Inclusionmentioning

confidence: 99%

Making the world a better place with fintech research

Lagna

Ravishankar

2021

Information Systems Journal

110

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Financial technology (fintech) is seen as possessing significant potential to provide the poor access to financial services and help them escape the clutches of poverty. Surprisingly, Information Systems (IS) research has engaged little with fintech's promise of fostering financial inclusion for the poor. In the spirit of 'making a better world with ICTs', conducting 'responsible IS research for a better world' and 'understanding and tackling societal grand challenges through management research', we advance a framework for guiding IS research on fintech-led financial inclusion. Drawing on the IS literature and Information and Communication Technologies for Development (ICT4D) scholarship, we extrapolate five areas of research that can better illuminate fintech's contributions to financial inclusion: (a) business strategies for fintech-led financial inclusion; (b) digital artifacts of fintech-led financial inclusion; (c) business environment of fintech-led financial inclusion; (d) microfoundations of fintech for financial inclusion; (e) developmental impacts of fintech. We conclude with a discussion of how the five areas offer opportunities for impactful research on fintech and the promise of building a financially inclusive society.

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Section: Microfoundations Of Fintech For Financial Inclusionmentioning

confidence: 99%

Making the world a better place with fintech research

Lagna

Ravishankar

2021

Information Systems Journal

110

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“…The literature however also shows that the availability of capital alone is not sufficient to start the virtuous cycle of entrepreneurial finance (e.g., Florida & Smith, 1990), and that it is difficult, if not impossible, for governments to single-handedly kickstart a well-functioning entrepreneurial finance market (see Lerner, 2012). Kolokas et al (2021) contribute to this debate by focusing on how the availability of VC and credit in a country has differently contributed to the growth of local fintech start-ups. The starting point of their analysis, and their main contribution to the existing literature on this subject (e.g., Cumming & Schwienbacher, 2018: Haddad & Hornuf, 2019, is that they incorporate and explicitly focus on the fundamental nonlinearity of the relationship between financing and entrepreneurship.…”

Section: Fintech and Start-up Formationmentioning

confidence: 99%

Digitization in the Market for Entrepreneurial Finance: Innovative Business Models and New Financing Channels

Bertoni

Bonini

Capizzi

et al. 2021

Entrepreneurship Theory and Practice

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Digitization creates new financial channels that complement traditional intermediaries, but may raise concerns over fraud, cybersecurity, or bubbles. Artificial intelligence and machine learning change the way in which traditional investors work. This special issue focuses on economic, cultural, and regulatory determinants of fintech development, and on the new forms of information production and processing engendered by digital entrepreneurial finance. We provide a general overview of digitization in the market for entrepreneurial finance, illustrate how the different articles in the special issue contribute to advance our knowledge, and identify promising avenues for research.

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“…The literature however also shows that the availability of capital alone is not sufficient to start the virtuous cycle of entrepreneurial finance (e.g., Florida and Smith, 1990), and that it is difficult, if not impossible, for governments to single-handedly kickstart a well-functioning entrepreneurial finance market (see Lerner, 2012). Kolokas et al (2021) contribute to this debate by focusing on how the availability of VC and credit in a country has differently contributed to the growth of local fintech start-ups.…”

Section: Fintech and Start-up Formationmentioning

confidence: 99%