Crowdlending for German SMEs
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/29181 |
Resumo: | Fintech is revolutionizing the financial world. And concurrently with this phenomenon, there emerges a business model that owes its novel growth above all to the rigidity of banks and new regulatory requirements since the financial crisis of 2008: Crowdlending for SMEs. In Germany, however, the new solution, which connects lenders and borrowers directly via a platform, still has start-up difficulties. Based on this, the goal of this research is to examine factors that determine the decision to adopt Crowdlending among German SMEs. Using the innovation adoption framework by Wisdom, et al. (2013), a qualitative research design is conducted to compare two groups of enterprises according to their per-ception towards the emerging financing solution. Every group consists of six participants and is created according to category, industry and the decision of having already adopted Crowdlending or not, resulting in a sample size of twelve interviewees. The study shows that although facing trust issues, factors, such as speed, low complexity and the possibility of rising awareness among SME’s customers are crucial for an adoption decision. On a company level, innovative management, the readiness to change and curiosity signifi-cantly yield a positive effect on the decision to adopt. The tendency appears to be even stronger, when the firm has recently faced a change in leadership from an older to a younger entrepreneur. While theoretically contributing to the scarce literature about Crowdlending in combination with German SMEs, it gives thought impacts to involved stakeholders. |
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Crowdlending for German SMEsFintechCrowdlendingAlternative financeGerman SMEsAdoptionPMEs AlemãsAdopçãoDomínio/Área Científica::Ciências Sociais::Economia e GestãoFintech is revolutionizing the financial world. And concurrently with this phenomenon, there emerges a business model that owes its novel growth above all to the rigidity of banks and new regulatory requirements since the financial crisis of 2008: Crowdlending for SMEs. In Germany, however, the new solution, which connects lenders and borrowers directly via a platform, still has start-up difficulties. Based on this, the goal of this research is to examine factors that determine the decision to adopt Crowdlending among German SMEs. Using the innovation adoption framework by Wisdom, et al. (2013), a qualitative research design is conducted to compare two groups of enterprises according to their per-ception towards the emerging financing solution. Every group consists of six participants and is created according to category, industry and the decision of having already adopted Crowdlending or not, resulting in a sample size of twelve interviewees. The study shows that although facing trust issues, factors, such as speed, low complexity and the possibility of rising awareness among SME’s customers are crucial for an adoption decision. On a company level, innovative management, the readiness to change and curiosity signifi-cantly yield a positive effect on the decision to adopt. The tendency appears to be even stronger, when the firm has recently faced a change in leadership from an older to a younger entrepreneur. While theoretically contributing to the scarce literature about Crowdlending in combination with German SMEs, it gives thought impacts to involved stakeholders.Fintech está a revolucionar o mundo financeiro. Ao mesmo tempo que ocorre este fenómeno, surge um modelo de negócio que deve o seu crescimento sobretudo à rigidez dos bancos e aos requisitos regulamentares desde a crise financeira de 2008: Crowdlend-ing para PMEs. Na Alemanha, contudo, a nova solução, que conecta credores e devedores diretamente via uma plataforma, ainda possui dificuldades iniciais. Com base nisto, o objetivo desta pesquisa passa por examinar fatores que determinam a decisão de adoptar Crowdlending entre PMEs Alemâs. Utilizando a estrutura de adoção de inovação de Wis-dom, et al. (2013), uma concepção de pesquisa qualitativa é conduzida de modo a com-parer dois grupos de empresas de acordo com a sua percepção em relação à solução fi-nanceira emergente. Todos os grupos consistem em seis participantes e é criado de acordo com categoria, indústria e a decisão de já ter ou não adotato Crowdlending, resultando numa amostra de 12 entrevistados. O estudo mostra que apesar de enfrentar questões de confiança, fatores como, rapidez, complexidade baixa e a possibilidade de conscientizar clientes de PMEs são cruciais para a decisão de adoção. A nível da empresa, inovação de gestão, a disponibilidade para mudar e a curiosidade produzem um efeito positivo na decisão de adoção. A tendência aparenta ser ainda mais forte, quando a empresa recente-mente mudou de liderança de um empreendedor mais velho para um mais novo. Ao teor-icamente contribuir para a escassa literatura sobre Crowdlending em combinação com PMEs Alemãs, impacta o pensamente dos intervenientes.Andrade, João Freire deVeritati - Repositório Institucional da Universidade Católica Portuguesavon Westphalen, Nicolas Clemens Maria Graf2020-01-10T14:52:21Z2019-07-0320192019-07-03T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/29181TID:202271854enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:34:42Zoai:repositorio.ucp.pt:10400.14/29181Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:23:25.914589Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Crowdlending for German SMEs |
title |
Crowdlending for German SMEs |
spellingShingle |
Crowdlending for German SMEs von Westphalen, Nicolas Clemens Maria Graf Fintech Crowdlending Alternative finance German SMEs Adoption PMEs Alemãs Adopção Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Crowdlending for German SMEs |
title_full |
Crowdlending for German SMEs |
title_fullStr |
Crowdlending for German SMEs |
title_full_unstemmed |
Crowdlending for German SMEs |
title_sort |
Crowdlending for German SMEs |
author |
von Westphalen, Nicolas Clemens Maria Graf |
author_facet |
von Westphalen, Nicolas Clemens Maria Graf |
author_role |
author |
dc.contributor.none.fl_str_mv |
Andrade, João Freire de Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
von Westphalen, Nicolas Clemens Maria Graf |
dc.subject.por.fl_str_mv |
Fintech Crowdlending Alternative finance German SMEs Adoption PMEs Alemãs Adopção Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Fintech Crowdlending Alternative finance German SMEs Adoption PMEs Alemãs Adopção Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
Fintech is revolutionizing the financial world. And concurrently with this phenomenon, there emerges a business model that owes its novel growth above all to the rigidity of banks and new regulatory requirements since the financial crisis of 2008: Crowdlending for SMEs. In Germany, however, the new solution, which connects lenders and borrowers directly via a platform, still has start-up difficulties. Based on this, the goal of this research is to examine factors that determine the decision to adopt Crowdlending among German SMEs. Using the innovation adoption framework by Wisdom, et al. (2013), a qualitative research design is conducted to compare two groups of enterprises according to their per-ception towards the emerging financing solution. Every group consists of six participants and is created according to category, industry and the decision of having already adopted Crowdlending or not, resulting in a sample size of twelve interviewees. The study shows that although facing trust issues, factors, such as speed, low complexity and the possibility of rising awareness among SME’s customers are crucial for an adoption decision. On a company level, innovative management, the readiness to change and curiosity signifi-cantly yield a positive effect on the decision to adopt. The tendency appears to be even stronger, when the firm has recently faced a change in leadership from an older to a younger entrepreneur. While theoretically contributing to the scarce literature about Crowdlending in combination with German SMEs, it gives thought impacts to involved stakeholders. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-07-03 2019 2019-07-03T00:00:00Z 2020-01-10T14:52:21Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/29181 TID:202271854 |
url |
http://hdl.handle.net/10400.14/29181 |
identifier_str_mv |
TID:202271854 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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