金融科技初创公司：失败、融资成功与创新能力-Fintech Startups in Germany Firm Failure, Funding Success, and Innovation Capacity 2024.pdf

11301

2024

August2024

FintechStartupsinGermany:

FirmFailure,FundingSuccess,

andInnovationCapacity

LarsHornuf,MatthiasMattusch

Electroniccopyavailableat:/abstract=4991799

Impressum:

CESifoWorkingPapers

ISSN2364-1428(electronicversion)

Publisheranddistributor:MunichSocietyforthePromotionofEconomicResearch-CESifo

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Editor:ClemensFuest

/en/wp

Anelectronicversionofthepapermaybedownloaded

·fromtheSSRNwebsite:www.SSRN.com

·fromtheRePEcwebsite:www.RePE

·fromtheCESifowebsite:/en/wp

Electroniccopyavailableat:/abstract=4991799

CESifoWorkingPaperNo.11301

FintechStartupsinGermany:FirmFailure,Funding

Success,andInnovationCapacity

Abstract

Fintechstartupshavesetouttorevolutionizethefinancialworld.However,littleisknownabout

howsuccessfulandinnovativethesefirmsactuallyare.Thispaperinvestigatesfirmfailure,

fundingsuccess,andinnovationcapacityusingahand-collecteddatasetof892Germanfintechs

foundedbetween2000and2021.Wefindthatfounderswithabusinessdegreeandentrepreneurial

experiencehaveabetterchanceofobtainingfunding,whilefounderteamswithscience,

technology,engineering,ormathematicsbackgroundsfilemorepatents.Early