The value of FinTech innovations for the finance industry: Evidence from China

被引：2
|
作者：
Qiu, Zhigang [1 ]
Wang, Jianqiu [2 ]
Wu, Ke [1 ]
Yang, Sijie [1 ]
机构：
[1] Renmin Univ China, Sch Finance, Beijing, Peoples R China
[2] Capital Univ Econ & Business, Sch Finance, Beijing, Peoples R China
来源：
ECONOMIC AND POLITICAL STUDIES-EPS | 2024年 / 12卷 / 01期
关键词：
FinTech; financial innovations; China; PATENTS;
D O I：
10.1080/20954816.2023.2222447
中图分类号：
C [社会科学总论];
学科分类号：
03 ; 0303 ;
摘要：
This paper explores the value effects of FinTech innovations on the finance industry in China, focussing on the banking system. We use a crawler-like application programme to grab patent filing information and manually identify and classify FinTech innovations based on their application fields. FinTech patents generally bring adverse value effects to various finance sectors, revealing a competitive relationship between innovators and financial firms. FinTech innovations applied to insurance and asset management cause the most harm to the industry, especially to state-owned and joint-stock commercial banks. Moreover, disruptive FinTech innovations by start-up firms appear to pose more potential threats to commercial banks.
引用
收藏
页码：1 / 19
页数：19
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