Journal article
Fin vs. Tech: Are trust and knowledge creation key ingredients in fintech start-up emergence and financing?
- Abstract:
- 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.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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(Preview, Version of record, 440.2KB, Terms of use)
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- Publisher copy:
- 10.1007/s11187-020-00367-3
Authors
- Publisher:
- Springer
- Journal:
- Small Business Economics More from this journal
- Volume:
- 57
- Pages:
- 1715-1731
- Publication date:
- 2020-06-13
- Acceptance date:
- 2020-05-27
- DOI:
- EISSN:
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1573-0913
- ISSN:
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0921-898X
- Language:
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English
- Keywords:
- Pubs id:
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1106158
- Local pid:
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pubs:1106158
- Deposit date:
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2020-05-22
Terms of use
- Copyright holder:
- Cojoianu et al.
- Copyright date:
- 2020
- Rights statement:
- © The Author(s) 2020. Open Access: This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder.
- Licence:
- CC Attribution (CC BY)
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