The Determinants of Fintech emergence: a cross country study

Download

index.pdf

Date

2019

Author

Koçer, Meriç Yıldız.

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

576
views

492
downloads

The emergence of Financial Technology (Fintech) entrepreneurship differs across countries over the years. This thesis explores the determinants of Fintech entrepreneurship that emerged in the last decade. To illustrate the effects of possible determinants three historically connected model in Entrepreneurship theory is used. The first model relates the level of Fintech entrepreneurship to economic development level where the relationship found to be positive. The second model argues that a regime switching effect occurs due to technological development. Consequently, the widespread usage of mobile phone has created a demand increase in alternative financial services products and hence motivates the talented individuals to establish Fintech startups. The third model is inspired from Verheul et al’s Eclectic Theory of Entrepreneurship (2002) which explains determinants of Entrepreneurship by combining different disciplinary approaches based on a supply and demand framework. Analogously, the supply and demand factors used in the eclectic model proposed in this thesis compiled from qualitative academic researches and practitioner reports about Fintech. This thesis shows that while Fintech entrepreneurship positively influenced by high economic development level, mobile phone subscription, available traditional financial services, and government interventions such as availability of Venture Capital, supportive STEM education, and business friendly environment, it negatively affected by the affordable traditional financial services in developed countries. In conclusion, along with its parallel findings to existing qualitative studies on Fintech, this thesis is contributing to the entrepreneurship literature by providing evidence that the main principles of entrepreneurship theory are applicable to this particular field.

Subject Keywords

Entrepreneurship., Financial Technology (Fintech) Entrepreneurship, Startup, Financial Institutions.

URI

http://etd.lib.metu.edu.tr/upload/12623597/index.pdf
https://hdl.handle.net/11511/43948

Collections

Graduate School of Social Sciences, Thesis

Suggestions

OpenMETU
Core

Managing financial instability in emerging markets: A Keynesian perspective Akyüz, Yılmaz (Orta Doğu Teknik Üniversitesi (Ankara, Turkey), 2008-6) The Keynesian analysis of financial instability as developed by Hyman Minsky provides considerable insights into understanding the nature and dynamics of boom-bust cycles driven by international capital flows in emerging markets. Its main policy conclusion that financial control rather than macroeconomic policy holds the key to financial stability is equally valid. There is, however, need to develop a new approach to financial control and place greater emphasis on managing capital inflows than has hitherto ...
The Effects of bank specific, industry specific and macroeconomic factors on bank profitability in OECD countries between 2000-2009 Maltaş, Zeynep; Ayaydın Hacıömeroğlu, Hande; Department of Business Administration (2013) This thesis analyzes the bank-specific, industry-specific and macroeconomic determinants of bank profitability (ROA) in 31 OECD Countries between 2000 and 2009 using a panel data. Each country‟s banking sector is treated as a single representative bank. Fixed effects model is used in the study. Deposits, capitalization, non-interest income, GDP growth are found to have a positive impact on bank profitability while non-performing loans, operating expenses and financial sector development have negative effect...
The accuracy of earnings forecasts disclosed in IPO prospectuses: The case of the Turkish IPO companies Bulut, Halil İbrahim; Er, Bünyamin (Orta Doğu Teknik Üniversitesi (Ankara, Turkey), 2010-12) This paper examines the accuracy of earnings forecasts made by Turkish IPO (Initial Public Offering) companies during the period 2002-2007. It is a voluntary requirement for Turkish IPOs to furnish earnings forecasts. Their accuracy is measured by forecast errors, absolute forecast errors and squared forecast errors in this paper. A number of company specific characteristics such as size, age, forecast interval, gearing, proportion of shares retained by owners and both auditing firm and underwriter reputati...
Do Stock Index Futures Affect Economic Growth? Evidence from 32 Countries Şendeniz Yüncü, İlkay; Aydoğan, Kürşat (2018-01-26) This article investigates the relationship between stock index futures markets development and economic growth using time-series methods for 32 developed and developing countries. Evidence of cointegration between stock index futures and real economy in 29 countries suggests the presence of co-movements among the variables, indicating long-run stationarity in those countries. Our findings show that there is Granger-causality from stock index futures markets development to economic growth for middle-income c...
Business cycles in emerging market economies: the role of financial shocks Pirgan Matur, Eser; Parmaksız, Ömer Kağan; Kılınç, Mustafa; Department of Economics (2014) This dissertation documents the differences in the course of macroeconomic volatility in emerging market economies and advanced countries. Then the dynamics of emerging market business cycles and macroeconomic effects of financial shocks are investigated using a small open economy real business cycle model with credit constraints calibrated to the Turkish economy. The results indicate that the impact of financial shocks crucially depends on whether the firms can access to alternative sources of finance when...

Citation Formats

M. Y. Koçer, “The Determinants of Fintech emergence: a cross country study,” Thesis (M.S.) -- Graduate School of Social Sciences. Business Administration., Middle East Technical University, 2019.