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dc.contributor.authorXiang, D
dc.contributor.authorZhang, Y
dc.contributor.authorWorthington, AC
dc.date.accessioned2019-06-09T01:31:48Z
dc.date.available2019-06-09T01:31:48Z
dc.date.issued2018
dc.identifier.isbn9781538644751
dc.identifier.doi10.1109/TEMS-ISIE.2018.8478470
dc.identifier.urihttp://hdl.handle.net/10072/383331
dc.description.abstractFinTech, the merging of finance and modern Internet-based technology, has rapidly presented itself as a disruptor to traditional business financing, notably in the form of crowdfunding and Peer-to-Peer (P2P) lending. In this paper, we examine the determinants of the use of FinTech finance by businesses, with a particular focus on the ownership, governance, and business practices that may modify the relationships with conventional motivations for external finance. Using a comprehensive sample of Chinese hi-tech small and medium-sized enterprises (SMEs), we find that state-owned enterprises (SOEs) and family firms and financially constrained firms are respectively much less and much more likely to seek FinTech finance. In the Chinese context, we argue that part of this may be because of the relative ease with which SOE SMEs can access cheaper conventional finance through SOE banks. The quality of traditional relationship banking also affects the relative desirability of FinTech financing. As for family firms, we find that innovation, as exemplified by RD activity, effectively overrides any conventional reluctance to access external finance, suggesting the relative benefits of FinTech finance for innovative high-growth firms.
dc.publisherIEEE
dc.relation.ispartofconferencename2018 IEEE International Symposium on Innovation and Entrepreneurship (TEMS-ISIE)
dc.relation.ispartofconferencetitleTEMS-ISIE 2018 - 1st Annual International Symposium on Innovation and Entrepreneurship of the IEEE Technology and Engineering Management Society
dc.relation.ispartofdatefrom2018-03-30
dc.relation.ispartofdateto2018-04-01
dc.relation.ispartoflocationBeijing, China
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto10
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchcode3801
dc.titleDeterminants of the Use of Fintech Finance among Chinese Small and Medium-Sized Enterprises
dc.typeConference output
dc.type.descriptionE2 - Conferences (Non Refereed)
dc.type.codeE - Conference Publications
gro.hasfulltextNo Full Text
gro.griffith.authorWorthington, Andrew C.


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