Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/147385
Authors: 
Haddad, Christian
Hornuf, Lars
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper 6131
Abstract: 
We investigate the economic and technological determinants inducing entrepreneurs to establish ventures with the purpose of reinventing financial technology (fintech). We find that countries witness more fintech startup formations when the latest technology is readily available and people have more mobile telephone subscriptions. Furthermore, the available labor force has a positive impact on the development of this new market segment. Finally, the more sound the financial system, the lower the number of fintech startups in a country. Overall, the evidence suggests that fintech startup formation need not be left to chance, but active policies can influence the emergence of this new sector.
Subjects: 
fintech
entrepreneurship
startups
financial institutions
JEL: 
L26
K20
O30
Document Type: 
Working Paper

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