Why do Banks acquire FinTech? The Role of Board Cultural Diversity
Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid
Fersiynau electronig
Dogfennau
Dangosydd eitem ddigidol (DOI)
This paper examines the role of cultural diversity in bank boardrooms for the acquisition of inno- vation financial technology – or “FinTech” – firms. Using a sample of 808 banks from 2008-18 in 65 countries, we find that culturally diverse boards are more likely to pursue the acquisition of FinTech firms. We also show that bank-, country- and corporate governance-specific characteristics matter for FinTech acquisition. In particular, banks with older and more gender diverse boardrooms are more likely to acquire FinTech firms. Our paper assumes particular relevance for banks seeking to invest in digital technologies and to adapt to the new digital era.
| Iaith wreiddiol | Saesneg |
|---|---|
| Rhif yr erthygl | 101424 |
| Cyfnodolyn | British Accounting Review |
| Dyddiad ar-lein cynnar | 22 Meh 2024 |
| Dynodwyr Gwrthrych Digidol (DOIs) | |
| Statws | E-gyhoeddi cyn argraffu - 22 Meh 2024 |