Entrepreneurial, institutional and financialstrategies for FinTech profitability
作者机构：University of GranadaC/Campus Cartuja s/n18011 GranadaSpain CUNEF UniversidadC/Pirineos5528040 MadridSpain FuncasC/Caballero de Gracia2828013 MadridSpain
出 版 物：《Financial Innovation》 (金融创新（英文）)
年 卷 期：2022年第8卷第1期
页 面：487-522页
核心收录：
学科分类：0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学]
基 金：support from the FUNCAS Foundation PGC2018–099415–B–100 MICINN/FEDER/UE and Junta de Andalucía P18-RT-3571 Project
主 题：FinTech Profitability Entrepreneurship Technology Financial strategies Startups
摘 要：Notwithstanding the emergence of FinTech startups in the financial services industry,most of these companies face significant difficulties in breaking even and *** study examines the main managerial, institutional, and financial drivers of FinTechprofitability and the time it takes for these firms to break even. The database includesrelevant qualitative factors, such as foundational characteristics, the technologicalprofile of the startup, and its funding structure. Using the full population of FinTechstartups operating in Spain from 2005 to 2017, we observe that most of these firms areunprofitable within three years of their inception. Combining panel data and survivalanalyses, we empirically find that large and solvent FinTech firms founded by singleentrepreneurs in an incubator or accelerator program are more likely to be profitableand prevail. FinTech firms reach their break-even points faster if they receive fundingthrough seed capital.
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