title: Factors of the fintech market development in the global economy (the case of the alternative lending)
metadata.name: dc.contributor.author
metadata.value: Barykin, Sergey A.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Bulgakov, Andrei L.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2021-08-24T21:15:23Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2021-08-24T21:15:23Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2021-03
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Barykin S. A., Bulgakov A. L. 2021. Factors of the fintech market development in the global economy (the case of the alternative lending). Vestnik of Saint Petersburg University. Management 20 (1): 108–127.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/11701/spbu08.2021.105
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/32916
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Alternative lending is one of the largest segments of the financial technology market in the world
  which is represented by online platforms specializing in organizing the lending process. The purpose
  of the article is to assess the impact of key factors on the dynamics of venture capital investments
  in alternative lending platforms. The objectives of this study are to define the concept of
  alternative lending, build an econometric model to analyze the factors of development of alternative
  lending in the world, and interpret the results from the point of view of the prospects for the
  development of alternative lending. Alternative lending has been defined as a segment of the fintech
  market that can be characterized as parallel financing of economic activities based on digital
  platforms through the provision of syndicated loans after decentralized business models. To test
  the hypotheses of the study, an econometric model was built on the analysis of 5,234 investment
  transactions completed in the period from 2013 to 2019 in 35 countries of the world and included
  in the CrunchBase database. According to the model, such factors as the availability of venture
  capital, the number of workforce, the digital competitiveness of the economy (the factor of future
  readiness), and the availability of credit information have a significant impact on the dynamics of direct and venture capital investments in alternative lending companies. The obtained results
  can be considered when improving the national strategy for regulating the alternative lending
  market, which is especially important for Russia, where the segment of alternative lending is at
  the stage of stagnation.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Vestnik of St Petersburg University. Management;Volume 20; Issue 1
metadata.lang: -
metadata.name: dc.subject
metadata.value: fintech
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: alternative lending
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: factors for alternative lending development
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: global alternative lending
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Factors of the fintech market development in the global economy (the case of the alternative lending)
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 108-127.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/32916/1/108-127.pdf
resources.format: Adobe PDF
resources.size: 697,23 kB