The Impact of Fintech on Global Entrepreneurship and Business Development

Mohammad Abdullah; G. M.Wali Ullah; Zunaidah Sulong; Habibur Rahman Fuszder

doi:10.1007/978-981-96-2516-1_31

The Impact of Fintech on Global Entrepreneurship and Business Development

Mohammad Abdullah, G. M.Wali Ullah, Zunaidah Sulong, Habibur Rahman Fuszder

College of Business, Government and Law

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

1 Citation (Scopus)

Abstract

This study examines the relationship between Fintech and entrepreneurial development in a global sample of 79 countries spanning from 2013 to 2019. We utilise a novel dataset from the Bank for International Settlements to proxy for Fintech lending and employ the Global Entrepreneurship Monitor dataset to construct an entrepreneurship development index. Our findings consistently demonstrate a positive association between Fintech adoption and entrepreneurial development, indicating that increased Fintech adoption is associated with higher levels of country-level entrepreneurial ventures. Our results are robust to alternative proxies and two-step System GMM model addressing endogeneity concerns. These results carry important implications for policymakers, financial institutions, and entrepreneurs. Overall, our study underscores the transformative potential of Fintech in driving entrepreneurship development and fostering economic prosperity globally.

Original language	English
Title of host publication	The Palgrave Handbook of Breakthrough Technologies in Contemporary Organisations
Editors	Mahmoud Moussa, Adela McMurray
Place of Publication	Singapore
Publisher	Springer Science+Business Media
Chapter	31
Pages	399-414
Number of pages	16
ISBN (Electronic)	9789819625161
ISBN (Print)	9789819625154
DOIs	https://doi.org/10.1007/978-981-96-2516-1_31
Publication status	Published - 2025

Keywords

Entrepreneurship development
Fintech
Global entrepreneurship monitor

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/978-981-96-2516-1_31Licence: In Copyright

https://rdcu.be/eyDwRLicence: In Copyright

Cite this

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The Impact of Fintech on Global Entrepreneurship and Business Development. / Abdullah, Mohammad; Ullah, G. M.Wali; Sulong, Zunaidah et al.
The Palgrave Handbook of Breakthrough Technologies in Contemporary Organisations. ed. / Mahmoud Moussa; Adela McMurray. Singapore: Springer Science+Business Media, 2025. p. 399-414.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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The Impact of Fintech on Global Entrepreneurship and Business Development

Abstract

Keywords

UN SDGs

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