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Navigating uncharted skies: The role of pilot CEO in FinTech adoption

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  • Liu, Shiang
  • Sun, Liang

Abstract

Employing the pilot credentials of chief executive officers (CEOs) as a proxy of the proclivity for venturing into uncharted territories and pursuing novel experiences, this study finds that pilot CEOs are associated with higher intensity of FinTech adoption. This positive association is more pronounced in firms with a powerful CEO and less significant in financially constrained firms, suggesting that the impact of pilot CEOs on FinTech adoption is affected by the CEO's power and the firm's access to external financial resources. Overall, our evidence advances the understanding of the role of CEO characteristics in driving FinTech adoption.

Suggested Citation

  • Liu, Shiang & Sun, Liang, 2024. "Navigating uncharted skies: The role of pilot CEO in FinTech adoption," Finance Research Letters, Elsevier, vol. 62(PA).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324002241
    DOI: 10.1016/j.frl.2024.105194
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    More about this item

    Keywords

    FinTech adoption; Pilot CEO; CEO power; Financial constraints;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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