FINTECH AND THE FUTURE OF SMALL BUSINESS LENDING: AN APPLICATION EXAMPLE
Abstract
Parole chiave
Riferimenti bibliografici
Agarwal, S., & Hauswald, R. (2010), “Distance and private information in lending”, The Review of Financial Studies, Vol. 23 No. 7, pp. 2757-2788.
Beck, T., & Demirgüç-Kunt, A. (2006), “Small and Medium-Size Enterprises: Access to Finance as a Growth Constraint”, Journal of Banking and Finance, Vol. 30 No. 11, pp. 2931-2943.
Beck, T., Demirgüç-Kunt, A., & Masimovic V. (2005), “Financial and legal constraints to growth: does firm size matter?”, Journal of Finance, Vol. 60 No. 1 pp. 137-177.
Berger, A.N., Miller, N.H., Petersen, M.A., Rajan, R.G., & Stein, J.C. (2005), “Does function follow organizational form? Evidence from the lending practices of large and small banks”, Journal of Financial Economics, Vol. 76 No. 2, pp. 237-269.
Berkmen, P., Beaton, K., Gershenson, D., Arze del Granado, J., Ishi, K., Kim, M., Kopp, E., & Rousset, M. (2019), “FinTech in Latin America and the Caribbean: Stocktaking”, IMF Working Paper, (19/71), pp. 1-53.
Blancher, N.R., Appendino, M., Biboloy, A., Fouejieu, A.P., Li, J., Ndoye, A., Panagiotakopoulou, A., Shi, W., & Sydorenko, T. (2019). “Financial Inclusion of Small and Medium-Sized Enterprises in the Middle East and Central Asia”, International Monetary Fund Middle East and Central Asia Departmental Paper, (19/02), pp. 1-73.
Boot, A.W.A., & Thakor, A.V. (2000), “Can relationship banking survive competition?”, The Journal of Finance, Vol. 55 No. 2, pp. 679-713.
Chatterjee, S., Chaudhuri, R., & Vrontis, D. (2022), "Big data analytics in strategic sales performance: mediating role of CRM capability and moderating role of leadership support", EuroMed Journal of Business, Vol. 17 No. 3, pp. 295-311.
Cornelli, G., Frost, J., Gambacorta, L., & Jagtiani, J. (2022), “The impact of FinTech lending on credit access for U.S. small business”, BIS Working Papers, (1041), pp. 1-43.
Cornelli, G., Frost, J., Gambacorta, L., Rau, R., Wardrop, R., & Ziegler, T. (2020), “FinTech and Big Tech Credit: A New Database”, BIS Working Paper, (887), pp. 1-35.
Dapp, T.M. (2015), “FinTech Reloaded - Traditional Banks as Digital Ecosystems: With Proven Walled Garden Strategies into the Future”, Deutsche Bank Research Working Paper, pp. 1-27.
De Young, R., Lang, W.W., & Nolle, D.L. (2007), “How the Internet Affects Output and Performance at Community Banks”, Journal of Banking and Finance, Vol. 31 No. 4, pp. 1033-1060.
Dimitropoulos, P., Koronios, K., Thrassou, A., & Vrontis, D. (2020), "Cash holdings, corporate performance and viability of Greek SMEs: Implications for stakeholder relationship management", EuroMed Journal of Business, Vol. 15 No. 3, pp. 333-348.
Drasch, B.J., Schweizer, A., & Urbach, N. (2018), “Integrating the “Troublemakers”: A Taxonomy for Cooperation between Banks and FinTechs”, Journal of Economics and Business, Vol. 100 No. (2018), pp. 26-42.
Economist Intelligence Unit (2015), “The Disruption of Banking”, available at https://impact.economist.com/perspectives/technology-innovation/disruption-banking/white-paper/disruption-banking (last access 21 September 2023).
Fasano, F., & Cappa, F. (2022), “How do banking FinTech services affect SME debt?”, Journal of Economics and Business, Vol. 121 No. (2022), Article 106070, pp. 1-12.
Ferri G., Murro P. (2015), “Do firm–bank “odd couples” exacerbate credit rationing?”, Journal of Financial Intermediation, Vol. 24 No. 2, pp. 231-251.
Financial Stability Board (2019), “Evaluation of the Effects of Financial Regulatory Reforms on Small and Medium-Sized Enterprise (SME) Financing – Consultative Document”, FSB.
Gai, K., Qiu, M., & Sun, X. (2018), “A Survey on FinTech”, Journal of Network and Computer Applications, Vol. 103 No. (2018), pp. 262-273.
Gan, J., & Riddiough, T.J. (2008), “Monopoly and Information Advantage in the Residential Mortgage Market”, The Review of Financial Studies, Vol. 21 No. 6, pp. 2677-2703.
Gimpel, H., Rau, D., & Roglinger, M. (2018), “Understanding FinTech Start-Ups – a Taxonomy of Consumer-Oriented Service Offerings”, Electronic Markets, Vol. 28 No. (2018), pp. 245-264.
Goetz, M.R. (2011), “Bank organization, market structure and risk taking: evidence and theory from U.S. Commercial Banks”, Federal Reserve Bank of Boston Working Paper, (15), pp. 1-65.
Gomber, P., Koch, J.A., & Siering, M. (2017), “Digital Finance and FinTech: current research and future research directions”, Journal of Business Economics, Vol. 87 No. 5, pp. 537-580.
Greenbaum, S.I., Thakor, A.V., & Boot, A.W.A. (2016). Contemporary Financial Intermediation, (3rd ed). Amsterdam. NL: Elsevier.
Jack, W., & Suri, T. (2014), “Risk Sharing and Transactions Costs: Evidence from Kenya’s Mobile Money Revolution”, The American Economic Review, Vol. 104 No. 1, pp. 183-223.
Kapoor, A. (2014), “Financial inclusion and the future of the Indian economy”, Futures, Vol. 56 No. (2014), pp. 35-42.
Klöhn, L., & Hornuf, L. (2012), “Crowdinvesting in Deutschland – Markt, Rechtslage und Regulierungsperspektiven”, Zeitschrift für Bankrecht und Bankwirtschaft, Vol. 24 No. 4, pp. 237-320.
Loukoianova, E., Davidovic, S., Sullivan, C., & Tourpe, H. (2019), “Strategy for FinTech Applications in the Pacific Island Countries”, International Monetary Fund APD Departmental Paper, (2019/14), pp. 1-66.
Lukonga, I. (2018), “FinTech, Inclusive Growth and Cyber Risks: Focus on the MENAP and CCA Regions”, International Monetary Fund Working Paper, (2018/201), pp. 1-51.
Manyika, J., Lund, S., Singer, M., White, O., & Berry, C. (2016), “Digital finance for all: Powering inclusive growth in emerging economies”, McKinsey Global Institute, pp. 1-24.
Marinč, M. (2013), “Banks and information technology: marketability vs. relationships”, Electronic Commerce Research, Vol. 13 No. (2013), pp. 71-101.
Myers, S., & Majluf, N. (1984), “Corporate financing and investment decision when firms have information that investors do not have”, Journal of Financial Economics, Vol. 13 No. 2, pp. 187-221.
Nier, E., & Baumann, U. (2003), “Market discipline and financial stability: some empirical evidence”, Financial Stability Review, Vol. 13 No. (2003), pp.:134-141.
Ozili, P.K. (2018), “Impact of digital finance on financial inclusion and stability”, Borsa Istanbul Review, Vol. 18 No. 4, pp. 329-340.
Pettigrew, A.M. (1997), “What is processual analysis?”, Scandinavian Journal of Management, Vol. 13 No. 4, pp. 337-348.
Stein, J.C. (2002), “Information Production and Capital Allocation: Decentralized versus Hierarchical Firms”, The Journal of Finance, Vol. 57 No. (2002), pp. 1891-1921.
Stiglitz, J.E., & Weiss, A. (1981), “Credit Rationing in Markets with Imperfect Information”, The American Economic Review, Vol. 71 No. 3, pp. 393-410.
Thomas, L. (2020), “Longitudinal Study: Definition, Approaches & Examples”, available at https://www.scribbr.com/methodology/longitudinal-study/ (last access 21 September 2023).
Tornjanski, V., Marinković, S., Săvoiu, G., & Čudanov, M. (2015), “A Need for Research Focus Shift: Banking Industry in the Age of Digital Disruption”, Econophysics, Sociophysics & Other Multidisciplinary Sciences Journal, Vol. 5, No. 3, pp.: 11–15.
World Bank Group (2022), “FinTech and SME Finance: Expanding Responsible Access”, available at https://ncfacanada.org/wp-content/uploads/2022/05/7-SME-Note.pdf (last access 21 September 2023).
Zhang, A.L., Wang, S.Y., Liu, B., & Liu, P. (2022), “How FinTech impacts pre- and post-loan risk in Chinese commercial banks”, International Journal of Finance & Economics, Vol. 27 No. 2, pp. 2514-2529.
Ziegler, T., Shneor, R., Wenzlaff, K., Wang, B., Kim, J., Odorovic, A., Ferri de Camargo Paes, F., Suresh, K., Zhang, B., Johanson, D., Lopez, C., Mammadova, L., Adams, N., & Luo D. (2020), “The Global Alternative Finance Market Benchmarking Report”, available at https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/2020-04-22-ccaf-global-alternative-finance-market-benchmarking-report.pdf (last access 21 September 2023).
ISSN: 1971-5293
ISSNe: 2283-3374
Esperienze d'Impresa, Reg. Tribunale Salerno n. 875 del 3/11/1993