Abbasi, K, Alam, MA 
ORCID: https://orcid.org/0000-0002-8260-235X, Du, A and Huynh, TLD
2021,
'FinTech, SME efficiency and national culture : evidence from OECD countries'
, Technological Forecasting and Social Change, 163
, p. 120454.
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Abstract
Small and Medium Enterprises (SMEs) play a vital role in an economy; therefore, it is important to study the avenues that contribute towards their viability. As a result, we examine the impact of financial technologies (FinTechs) on SME efficiency. Using the Generalized Method of Moments methodology and 1,617 SME firms from 22 OECD countries during the period 2011-2018, we find that FinTechs are positively associated with SME efficiency. Interesting results emerge when we incorporate culture. Masculine societies positively moderate the link between FinTechs and SME efficiency. We also find that individualistic and long-term oriented cultures negatively affect the association between FinTechs and SME efficiency. Our findings have multiple implications. This study suggests the need for countries to introduce policies supporting FinTech startups in order to improve SME efficiency. Moreover, if the SME managers aim to achieve higher firm efficiency, then adopting FinTechs may act as a mechanism to attain this objective. Further, it may be important to consider both FinTechs and culture when evaluating cross-border investments.
| Item Type: | Article |
|---|---|
| Schools: | Schools > Salford Business School |
| Journal or Publication Title: | Technological Forecasting and Social Change |
| Publisher: | Elsevier |
| ISSN: | 0040-1625 |
| Related URLs: | |
| Depositing User: | USIR Admin |
| Date Deposited: | 12 Nov 2020 13:54 |
| Last Modified: | 19 May 2022 02:30 |
| URI: | https://usir.salford.ac.uk/id/eprint/58792 |
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