Journal article 22 views
Determinants of FinTech Equity Funding Flows: Evidence From a Global Perspective
International Journal of Finance & Economics
Swansea University Authors: Mohammad Abedin , Boru Ren
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DOI (Published version): 10.1002/ijfe.3086
Abstract
This study explores the factors affecting FinTech (Financial technology startups) equity financing and deals. Traditional and alternative financing are currently progressing together; however, alternative financing remains underexplored. Using panel data from 57 countries in 2010 to 2020 and one-ste...
Published in: | International Journal of Finance & Economics |
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ISSN: | 1076-9307 1099-1158 |
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Wiley
2024
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URI: | https://cronfa.swan.ac.uk/Record/cronfa68347 |
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2024-12-17T10:29:39.3333098 v2 68347 2024-11-27 Determinants of FinTech Equity Funding Flows: Evidence From a Global Perspective 4ed8c020eae0c9bec4f5d9495d86d415 0000-0002-4688-0619 Mohammad Abedin Mohammad Abedin true false 73321f2d7e2e1c7bd4be9bf6d47fd2a2 0000-0001-8647-9689 Boru Ren Boru Ren true false 2024-11-27 CBAE This study explores the factors affecting FinTech (Financial technology startups) equity financing and deals. Traditional and alternative financing are currently progressing together; however, alternative financing remains underexplored. Using panel data from 57 countries in 2010 to 2020 and one-step difference generalised method of moments (Diff-GMM) regressions, we show that, at the global level, gross domestic product (GDP), domestic credit to the private sector, regulations, innovations, globalisation, stock market return, information technology (ICT) goods export and internet users influence FinTech equity funding. With respect to FinTech deals, except GDP, regulations and globalisation, all other factors aforementioned have a substantial effect. Nevertheless, our category-specific findings slightly differ from the global context. Our study emphasises the need for the rapid development of communication technology and increased accessibility to mobile internet services for users. Moreover, authorities should strike a balance between imposing regulations and facilitating FinTech equity funding growth. Innovations should prioritise user-friendliness, affordability and commercial viability. Journal Article International Journal of Finance & Economics 0 Wiley 1076-9307 1099-1158 Equity financing, financial technology, FinTech deal, globalization, innovation, regulation 5 12 2024 2024-12-05 10.1002/ijfe.3086 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University SU Library paid the OA fee (TA Institutional Deal) This research was financially supported by Doctoral Fellowship of the University Grants Commission, Bangladesh. 2024-12-17T10:29:39.3333098 2024-11-27T09:38:37.7314486 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Uttam Golder 0000-0003-1302-838x 1 Suborna Barua 0000-0003-2848-5700 2 Mohammad Abedin 0000-0002-4688-0619 3 Douglas Akwasi Adu 0000-0002-1230-3995 4 Boru Ren 0000-0001-8647-9689 5 |
title |
Determinants of FinTech Equity Funding Flows: Evidence From a Global Perspective |
spellingShingle |
Determinants of FinTech Equity Funding Flows: Evidence From a Global Perspective Mohammad Abedin Boru Ren |
title_short |
Determinants of FinTech Equity Funding Flows: Evidence From a Global Perspective |
title_full |
Determinants of FinTech Equity Funding Flows: Evidence From a Global Perspective |
title_fullStr |
Determinants of FinTech Equity Funding Flows: Evidence From a Global Perspective |
title_full_unstemmed |
Determinants of FinTech Equity Funding Flows: Evidence From a Global Perspective |
title_sort |
Determinants of FinTech Equity Funding Flows: Evidence From a Global Perspective |
author_id_str_mv |
4ed8c020eae0c9bec4f5d9495d86d415 73321f2d7e2e1c7bd4be9bf6d47fd2a2 |
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4ed8c020eae0c9bec4f5d9495d86d415_***_Mohammad Abedin 73321f2d7e2e1c7bd4be9bf6d47fd2a2_***_Boru Ren |
author |
Mohammad Abedin Boru Ren |
author2 |
Uttam Golder Suborna Barua Mohammad Abedin Douglas Akwasi Adu Boru Ren |
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Journal article |
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International Journal of Finance & Economics |
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publishDate |
2024 |
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Swansea University |
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1076-9307 1099-1158 |
doi_str_mv |
10.1002/ijfe.3086 |
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Wiley |
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Faculty of Humanities and Social Sciences |
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Faculty of Humanities and Social Sciences |
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Faculty of Humanities and Social Sciences |
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School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance |
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description |
This study explores the factors affecting FinTech (Financial technology startups) equity financing and deals. Traditional and alternative financing are currently progressing together; however, alternative financing remains underexplored. Using panel data from 57 countries in 2010 to 2020 and one-step difference generalised method of moments (Diff-GMM) regressions, we show that, at the global level, gross domestic product (GDP), domestic credit to the private sector, regulations, innovations, globalisation, stock market return, information technology (ICT) goods export and internet users influence FinTech equity funding. With respect to FinTech deals, except GDP, regulations and globalisation, all other factors aforementioned have a substantial effect. Nevertheless, our category-specific findings slightly differ from the global context. Our study emphasises the need for the rapid development of communication technology and increased accessibility to mobile internet services for users. Moreover, authorities should strike a balance between imposing regulations and facilitating FinTech equity funding growth. Innovations should prioritise user-friendliness, affordability and commercial viability. |
published_date |
2024-12-05T14:41:54Z |
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1821960479240617984 |
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11.048149 |