The fintech transformation of banking: Governance dynamics and socio-economic outcomes in spatial contexts

IF 2.6 Q1 ECONOMICS
M. Gancarczyk, Piotr Łasak, J. Gancarczyk
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引用次数: 3

Abstract

Objective: The objective of the article is to identify and systemize the governance dynamics and related socio-economic consequences of the fintech transformation in banking, while acknowledging spatial contexts. Research Design & Methods: The research framework comprised Global Production Networks (GPN), Global Value Chain (GVC), and co-evolutionary approaches to guide a systematic literature review in the Scopus, Web of Science, and Taylor & Francis databases for 2016-2021. The final sample comprised 76 sources that became the basis for selective coding and the synthesis of the results. Findings: Fintech impacted banking governance by creating a dual and interrelated system of global financial networks and a ‘mosaic’ of territorial financial ecologies and ecosystems, where incumbent banks held an important but not exclusive position. The fintech-enhanced governance transformations had both positive socio-economic effects (improved efficiency, expanded range of services, and inclusion of unbanked or under-served customers) and negative effects (over-indebtedness, surveillance, and exclusion of some customers). Wider socio-economic consequences refered to sustainable development and changes in economic and social behaviour. Implications & Recommendations: A research framework and agenda for future studies related to the dynamics of fintech-driven governance in banking have been elaborated. The article derives the immediate and wider economic and social consequences of fintech-driven transformations. The results can also be applied in public policies oriented towards sustainable socio-economic development. Contribution & Value Added: The study provides theoretical and policy-relevant contributions. Firstly, it broadens the research on the transformation of banking governance in the spatial context. Secondly, it contributes theoretically by proposing a research framework of GVC and GPN governance augmented by a co-evolutionary perspective. Thirdly, the article informs policy that seeks financial inclusion for cohesive and sustainable development.
银行业的金融科技转型:空间背景下的治理动态和社会经济结果
目的:本文的目的是识别和系统化银行金融科技转型的治理动态和相关的社会经济后果,同时承认空间背景。研究设计与方法:研究框架包括全球生产网络(GPN)、全球价值链(GVC)和协同进化方法,以指导2016-2021年Scopus、Web of Science和Taylor & Francis数据库的系统文献综述。最后的样本包括76个源,这些源成为选择性编码和结果合成的基础。研究发现:金融科技通过创建全球金融网络的双重和相互关联的系统以及地域金融生态和生态系统的“马赛克”来影响银行治理,其中现有银行具有重要但不是排他性的地位。金融科技推动的治理转型既有积极的社会经济影响(提高效率、扩大服务范围、包容无银行账户或服务不足的客户),也有负面影响(过度负债、受到监管和排斥某些客户)。更广泛的社会经济后果是指可持续发展以及经济和社会行为的变化。启示与建议:本文阐述了与金融技术驱动的银行业治理动态相关的未来研究框架和议程。这篇文章得出了金融科技驱动转型的直接和更广泛的经济和社会后果。研究结果也可应用于面向可持续社会经济发展的公共政策。贡献与附加值:本研究具有理论和政策意义。首先,拓宽了空间背景下银行治理转型的研究。其次,提出了基于协同进化视角的GVC与GPN治理研究框架。第三,本文为寻求金融包容性以实现凝聚力和可持续发展的政策提供了信息。
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
CiteScore
7.20
自引率
7.90%
发文量
15
期刊介绍: Entrepreneurial Business and Economics Review (EBER), as multi-disciplinary and multi-contextual journal, is dedicated to serve as a broad and unified platform for revealing and spreading economics and management research focused on entrepreneurship, individual entrepreneurs as well as particular entrepreneurial aspects of business. It attempts to link theory and practice in different sections of economics and management by publishing various types of articles, including research papers, conceptual papers and literature reviews. Our geographical scope of interests include Central and Eastern Europe and emerging markets, however we also welcome articles beyond this scope. The Journal accept the articles from the following fields: -Entrepreneurship and Business Studies (in particular entrepreneurship and innovation, strategic entrepreneurship, corporate entrepreneurship, entrepreneurship methodology, new trends in HRM and HRD as well as organizational behaviour, entrepreneurial management, entrepreneurial business, management methodology, modern trends in business studies and organization theory, policies promoting entrepreneurship, innovation, R&D and SMEs, education for entrepreneurship), -International Business and Global Entrepreneurship (especially international entrepreneurship, European business, and new trends in international business, IB methodology), -International Economics and Applied Economics (in particular the role of entrepreneurship and the entrepreneur in economics, international economics including the economics of the European Union and emerging markets, as well as Europeanization, new trends in economics, economics methodology).
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