Trust in Traditional Finance and Consumer Fintech Adoption

IF 1.9 Q2 BUSINESS, FINANCE

Review of Corporate Finance Studies Pub Date : 2024-04-16 DOI:10.1093/rcfs/cfae011

Deniz Okat, Mikael Paaso, Vesa Pursiainen

引用次数: 0

Abstract

We study the role of trust in traditional finance in the consumer adoption of various fintech products, including cryptocurrencies, peer-to-peer lending, other crowdfunding, roboadvisors, and alternative payment solutions. Using an online lab experiment, an experiment on an investment website, and a representative survey of Dutch households, we find no consistent evidence that trust in banks affects fintech adoption in any of the product categories, although we find weak evidence suggesting that trust in banks positively affects interest in alternative payment apps. Our results do not support the narrative that trust in traditional finance is a major driver of fintech adoption. (JEL D14, G23, G41, G50)

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对传统金融的信任与消费者对金融科技的采用

我们研究了对传统金融的信任在消费者采用各种金融科技产品（包括加密货币、点对点借贷、其他众筹、机器人顾问和替代支付解决方案）中所起的作用。通过在线实验室实验、投资网站实验和对荷兰家庭的代表性调查，我们没有发现一致的证据表明对银行的信任会影响金融科技在任何产品类别中的应用，尽管我们发现了微弱的证据表明对银行的信任会积极影响对替代支付应用程序的兴趣。我们的结果并不支持对传统金融的信任是金融科技应用的主要驱动力这一说法。(JEL D14, G23, G41, G50)

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Corporate Finance Studies BUSINESS, FINANCE-

CiteScore

17.80

自引率

1.80%

发文量

期刊介绍： The Review of Corporate Finance Studies (RCFS) is dedicated to publishing high-quality research in the expansive field of Corporate Finance. The journal seeks original contributions, reviewing papers based on their unique insights into Corporate Finance. This encompasses a wide spectrum, including a firm's interactions with stakeholders, capital markets, internal organization structure, compensation mechanisms, corporate governance, and capital management. RCFS also welcomes research in financial intermediation, financial institutions, microstructure, and the implications of asset pricing for Corporate Finance. The journal considers theoretical, empirical, and experimental papers for review.