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

被引：46

作者：

Cojoianu, Theodor Florian ^{[1
,2
,3
]}

Clark, Gordon L. ^{[3
,4
]}

Hoepner, Andreas G. F. ^{[1
,2
,5
,6
]}

Pazitka, Vladimir ^{[3
]}

Wojcik, Dariusz ^{[3
]}

机构：

[1] Univ Coll Dublin, Michael Smurfit Grad Business Sch, Carysft Ave, Dublin, Ireland

[2] Univ Coll Dublin, UCD Lochlann Quinn Sch Business, Carysft Ave, Dublin, Ireland

[3] Oxfont Univ, Sch Geog & Environm, South Parks Rd, Oxford OX1 3QY, England

[4] Monash Univ, Fac Business & Econ, Melbourne, Vic, Australia

[5] European Commiss, Tech Expert Grp Sustainable Finance, Brussels, Belgium

[6] Stockholm Sch Econ, MFS, Stockholm, Sweden

来源：

SMALL BUSINESS ECONOMICS | 2021年 / 57卷 / 04期

基金：

欧盟地平线“2020”; 欧洲研究理事会;

关键词：

Fintech; Entrepreneurship; Knowledge spillovers; Trust; Venture capital; Innovation; ABSORPTIVE-CAPACITY; SPILLOVER THEORY; DE-NOVO; ENTREPRENEURSHIP; FUTURE; IMPACT; POLICY; FIRMS;

D O I：

10.1007/s11187-020-00367-3

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：1715 / 1731

页数：17

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