Survival determinants of Fintech firms in Malaysia-moderating role of Fintech experience

IF 12.9 1区管理学 Q1 BUSINESS

Technological Forecasting and Social Change Pub Date : 2024-12-02 DOI:10.1016/j.techfore.2024.123922

Siti Nur Shuhada Nazuri , Intan Salwani Mohamed , Norzaidi Mohd Daud

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引用次数: 0

Abstract

Purpose

Financial technology (Fintech) has become a prominent research area due to its transformative impact on the economy and consumers' lives. Fintech refers to companies that leverage advanced and innovative technologies to deliver financial services. This research examined the factors influencing the survivability of Fintech firms in Malaysia, focusing on three categories of Fintech characteristics: industryspecific, firmspecific, and Fintech specific. Industry specific characteristics included the independent variables of pressure intensity and regulatory support. Firm-specific characteristics encompassed variables such as firm size, size of the management team, and internationalization scope. Fintech, IT, and business process management capabilities represented Fintech specific characteristics. Additionally, Fintech experience was examined as a moderating factor between Fintech capabilities and the survivability of Fintech firms.

Design/methodology/approach

A quantitative approach was employed using a questionnaire survey method to gather data. The study's population consisted of 233 Fintech companies, selected from the Fintech industry in Malaysia as the unit of analysis. Stratified random sampling was utilized to select 187 companies from the population. The questionnaire was distributed to 187 Fintech companies, resulting in 102 responses. Data analysis was conducted using Statistical Package for Social Sciences (SPSS) version 25 and SmartPLS version 4. The study's hypotheses were tested using SmartPLS version 4 as it meets the measurement and complexity criteria of the study's data scale.

Findings

The results showed that regulatory support, Fintech capabilities, IT capabilities, and business process management capabilities significantly affect the survivability of Fintech firms. Fintech experience moderates the relationship between Fintech capabilities and firm survivability. However, pressure intensity, firm size, management team size, internationalization scope, and Fintech capabilities do not significantly influence Fintech firms' survivability.

Originality

This study offers several important implications. First, it addresses gaps in the existing literature and provides valuable insights to enhance the survivability of Fintech firms in Malaysia. Additionally, the findings may benefit policymakers seeking to strengthen support for the Fintech sector.

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马来西亚金融科技公司的生存决定因素——金融科技经验的调节作用

金融科技（Fintech）由于其对经济和消费者生活的变革性影响而成为一个突出的研究领域。金融科技是指利用先进创新技术提供金融服务的公司。本研究考察了影响马来西亚金融科技公司生存能力的因素，重点关注三类金融科技特征：特定行业、特定公司和特定金融科技。行业特征包括压力强度和监管支持等独立变量。企业特有的特征包括企业规模、管理团队规模和国际化范围等变量。金融科技、IT和业务流程管理能力代表了金融科技的具体特征。此外，金融科技经验被视为金融科技能力与金融科技公司生存能力之间的调节因素。设计/方法/方法采用定量方法，采用问卷调查法收集数据。该研究的人口包括233家金融科技公司，从马来西亚的金融科技行业中选择作为分析单位。采用分层随机抽样的方法，从总体中选取187家企业。该问卷被分发给187家金融科技公司，得到102份回复。数据分析使用社会科学统计软件包（SPSS）版本25和SmartPLS版本4进行。使用SmartPLS版本4对研究的假设进行了测试，因为它符合研究数据规模的测量和复杂性标准。研究结果表明，监管支持、金融科技能力、IT能力和业务流程管理能力显著影响金融科技公司的生存能力。金融科技经验调节了金融科技能力与企业生存能力之间的关系。然而，压力强度、企业规模、管理团队规模、国际化范围和金融科技能力对金融科技企业的生存能力没有显著影响。这项研究提供了几个重要的启示。首先，它解决了现有文献中的空白，并提供了有价值的见解，以提高马来西亚金融科技公司的生存能力。此外，研究结果可能有利于寻求加强对金融科技行业支持的政策制定者。

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

Technological Forecasting and Social Change Multiple-

CiteScore

21.30

自引率

10.80%

发文量

813

期刊介绍： Technological Forecasting and Social Change is a prominent platform for individuals engaged in the methodology and application of technological forecasting and future studies as planning tools, exploring the interconnectedness of social, environmental, and technological factors. In addition to serving as a key forum for these discussions, we offer numerous benefits for authors, including complimentary PDFs, a generous copyright policy, exclusive discounts on Elsevier publications, and more.