The Rise of Fintech: A Cross-Country Perspective

Oskar Kowalewski () and Paweł Pisany ()
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Paweł Pisany: Institute of Economics, Polish Academy of Sciences

No 2020-ACF-07, Working Papers from IESEG School of Management

Abstract: This study investigates the determinants of fintech company creation and activity using a cross-country sample that includes developed and developing countries. Using a random effect negative binomial model and explainable machine learning algorithms, we show the positive role of technology advancements in each economy, quality of research, and more importantly, the level of university-industry collaboration. Additionally, we find that demographic factors may play a role in fintech creation and activity. Some fintech companies may find the quality and stringency of regulation to be an obstacle. Our results also show the sophisticated interactions between the banking sector and fintech companies that we may describe as a mix of cooperation and competition.

Keywords: fintech; innovation; start up; developed countries; developing countries (search for similar items in EconPapers)
JEL-codes: G21 G23 L26 O30 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2020-07
New Economics Papers: this item is included in nep-big, nep-ent, nep-fdg, nep-pay and nep-tid
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: The rise of fintech: A cross-country perspective (2023)
Working Paper: The rise of fintech: A cross-country perspective (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:ies:wpaper:f202007

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