An Eco-Systematic View of Cross-Sector Fintech: The Case of Alibaba and Tencent

Zhang-Zhang, Yingying; Rohlfer, Sylvia; Rajasekera, Jay

doi:10.3390/su12218907

Cited by 47 publications

(39 citation statements)

References 69 publications

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“…The so-called "Fintech" comes within the digital and technological context. Fintech refers to the latest technologies used in innovative financial products and services, which are among the most important new markets in recent times (Zhang-Zhang et al, 2020). It includes digital innovation and modern technology designed to improve, develop and automate financial services.…”

Section: Theoretical Background and Hypothesismentioning

confidence: 99%

Does sustainability matter for Fintech firms? Evidence from United States firms

Najaf

Khalifa²,

Obaid

et al. 2022

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Purpose This study aims to look at how financial technology (FinTech) companies adhere to sustainable standards in contrast to their counterparts. Following the validation of its new sustainability index, this study looks into the impact of sustainability on the stock performance of FinTech companies. Design/methodology/approach To efficiently test the hypotheses, sample has been collected from the Bloomberg of all FinTech and non-FinTech companies from the USA. The final sample comprises 1,712 company-year observations over the investigation period 2010–2019. The methodology entails ordinary least squares regressions and generalized panel methods of moments (GMM). Findings The results suggest that the developed sustainability index is a valid proxy for sustainability measures and directly relates to stock performance. Besides, the evidence indicates that non-FinTech companies display superior sustainability and stock performance compared to FinTech companies. The present results corroborate with stakeholder theory, which implies that quality sustainability performance will alleviate the agency issue and safeguard the shareholders’ interest. Research limitations/implications Despite the fact that it presents the limitation of not considering other dimensions of financial performance, this research is important as it highlights the sustainability practices by the FinTech and non-FinTech companies, offering insights to researchers, policymakers, regulators, financial reports users, investors, environmental union, employees, clients and society. Originality/value This paper is novel because it is unique in evaluating the sustainability practices in FinTech and non-FinTech firms.

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Section: Theoretical Background and Hypothesismentioning

confidence: 99%

Does sustainability matter for Fintech firms? Evidence from United States firms

Najaf

Khalifa²,

Obaid

et al. 2022

View full text Add to dashboard Cite

show abstract

“…Fintech is the abbreviation for financial technology (Zhang-Zhang et al 2020 ), encompasses a range of new and innovative financial products. Examples include digital credit and lending (such as online lending, person-to-person lending, and crowdfunding), digital payment systems (including mobile banking and mobile payments), digital currencies (such as cryptocurrencies and blockchain), digital insurance, global Fintech solutions, and digital data analytics (Ilievski 2020 ).…”

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

The role of Fintech firms’ sustainability during the COVID-19 period

Toumi¹,

Najaf

Dhiaf³

et al. 2023

Environ Sci Pollut Res

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This study investigates the moderating role of environmental disclosures on the market performance of 48 Fintech and 140 non-Fintech firms during the pandemic using data from 2011 to 2022. Ordinary least squares and correlations were used for data analysis. The study’s first finding revealed that Fintech firms had a better environmental performance (78.4%) than non-Fintech firms during the pandemic. The study’s second finding indicated that environmental disclosures are crucial for shareholders and contributed almost 10.2% to the Fintech firms’ market performance during the pandemic. This study’s contribution is significant in enhancing the understanding of the shareholders’ sensitivity towards sustainability disclosures during financial crisis. The findings of this study are essential for policymakers, start-up entrepreneurs, and shareholders.

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“…Such big companies like Baidoo, Alibaba, or Tencent (BAT) are using financial technologies to play a substantial role in financing SMEs in developing countries. The literature highlights that such fintech loans complement credits offered by traditional financial institutions (Cornelli et al, 2020;Zhang-Zhang et al, 2020). Secondly, even in developing countries, the scope and degree of use of fintechs in the provision of services to SMEs depend on many factors.…”

Section: Fintech Participation In Smes' Financial Inclusionmentioning

confidence: 99%

The role of financial technology and entrepreneurial finance practices in funding small and medium-sized enterprises

Łasak¹

2022

JEMI

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PURPOSE: The traditional sources of financing (bank loans) cannot be treated as an essential source of financing for SMEs in developing countries. For this reason, this group of entities uses many alternative sources, from bootstrapping to microfinance and crowdfunding. During the last decade, a significant contribution in this area has been financial technology. The purpose of this study is threefold: 1) to present the role of financial technologies in financing SMEs, 2) to examine the role of entities based on financial technology in financing SMEs in developing countries, and 3) to consider other non-bank aspects of financing SMEs, leading to the improvement of the financial situation of these entities. The in-depth analysis of these entrepreneurial finance practices will be developed in the following papers presented in this Issue. METHODOLOGY: This study employs a theoretical approach based on a narrative literature review. The primary attention is focused on applying financial technology as a stimulant for the finance of SMEs in developing countries. FINDINGS: As a consequence of the financing gap for SMEs within the traditional financial system, these entities use non-bank financing based on financial technology. The research confirms that financial technology plays a crucial role in fostering the financial situation of SMEs in developing countries and providing greater financial inclusion for these entities. Both, financial technology and enterprises based on this technology contribute significantly to the improvement of efficiency of financing SMEs in emerging markets. They also provide a broader range of services, than were offered by the traditional financial sector. Regarding the other aspects of SME finance, it is essential to implement such ways of financing like microfinance services and crowdfunding. Such funding mechanisms, together with the budget process and the compliance under the conditions of e-tax systems, are important determinants of current entrepreneurial finance. IMPLICATIONS: The paper describes the financing of SMEs in developing countries. The in-depth picture of the SME’s financial situation, focusing on the technological development in this area, provides essential insight into this still poorly explored area. It also offers important premises for shaping the post-pandemic policy to support their further growth. ORIGINALITY/VALUE: Despite growing theoretical and empirical literature about entrepreneurship finance, this study aims to contribute to the role of financial technology in this area. The impact of financial technologies and the role of fintech-based entities on SME activity in developing countries are still poorly researched. Moreover, the research provides a brief overview of other SME funding sources and their determinants in this group of countries.

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An Eco-Systematic View of Cross-Sector Fintech: The Case of Alibaba and Tencent

Cited by 47 publications

References 69 publications

Does sustainability matter for Fintech firms? Evidence from United States firms

Does sustainability matter for Fintech firms? Evidence from United States firms

The role of Fintech firms’ sustainability during the COVID-19 period

The role of financial technology and entrepreneurial finance practices in funding small and medium-sized enterprises

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