Fung, Derrick W. H., Lee, Wing Yan, Yeh, Jason J. H., Yuen, Fei Lung (2020) Friend or Foe: The Divergent Effects of FinTech on Financial Stability. Emerging Markets Review, 45 . Article Number 100727. ISSN 1566-0141. (doi:10.1016/j.ememar.2020.100727) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:97133)
| The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication) | |
| Official URL: https://doi.org/10.1016/j.ememar.2020.100727 |
Abstract
Whether FinTech causes the fragility of financial institutions is a controversial issue. Using a panel sample of listed banks from 84 countries, we exploit the introduction of FinTech regulatory sandboxes as an exogenous shock and examine the heterogeneous effect of FinTech on the fragility of financial institutions. We find that (i) a shock to FinTech innovations has no net effect on the fragility of financial institutions when we ignore market characteristics, (ii) promoting FinTech decreases (increases) the fragility of financial institutions in emerging (developed) financial markets, and (iii) FinTech affects the fragility of financial institutions through the channel of profitability.
| Item Type: | Article |
|---|---|
| DOI/Identification number: | 10.1016/j.ememar.2020.100727 |
| Subjects: | Q Science > QA Mathematics (inc Computing science) |
| Divisions: | Divisions > Division of Computing, Engineering and Mathematical Sciences > School of Mathematics, Statistics and Actuarial Science |
| Depositing User: | Kevin Yuen |
| Date Deposited: | 28 Sep 2022 13:25 UTC |
| Last Modified: | 29 Sep 2022 13:50 UTC |
| Resource URI: | https://kar.kent.ac.uk/id/eprint/97133 (The current URI for this page, for reference purposes) |
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