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The Cash Holdings of Fintechs and SMEs: Evidence from OECD Countries

In: The Fintech Disruption

Author

Listed:
  • Kaleemullah Abbasi

    (The Begum Nusrat Bhutto Women University
    University of Salford)

  • Ashraful Alam

    (University of Salford)

  • Noor Ahmed Brohi

    (The Begum Nusrat Bhutto Women University)

  • Makhmoor Fiza

    (The Begum Nusrat Bhutto Women University)

  • Shahzad Nasim

    (The Begum Nusrat Bhutto Women University)

  • Imtiaz Ali Brohi

    (The Begum Nusrat Bhutto Women University)

Abstract

Small and Medium Enterprises (SMEs) are considered to be an important engine of an economy. Given the impact of cash holdings on the survival of SMEs, it is important to assess the factors that enhance SMEs’ cash holdings. Adopting the Generalized Method of Moments (GMM) and using member countries of the Organisation for Economic Co-operation and Development (OECD) from 2011 to 2018, we find that fintechs increase cash holdings of SMEs. Further, we find that better institutional quality strengthens the positive relation between fintechs and cash holdings. Our results suggest that managers may utilize fintechs to enhance cash holdings. Moreover, our findings are in line with the regulators’ steps toward enhancing fintech startups.

Suggested Citation

  • Kaleemullah Abbasi & Ashraful Alam & Noor Ahmed Brohi & Makhmoor Fiza & Shahzad Nasim & Imtiaz Ali Brohi, 2023. "The Cash Holdings of Fintechs and SMEs: Evidence from OECD Countries," Palgrave Studies in Financial Services Technology, in: Thomas Walker & Elaheh Nikbakht & Maher Kooli (ed.), The Fintech Disruption, chapter 0, pages 329-347, Palgrave Macmillan.
    • Handle: RePEc:pal:psincp:978-3-031-23069-1_13
    DOI: 10.1007/978-3-031-23069-1_13
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    More about this item

    Keywords

    SMEs; Fintechs; Cash holdings; GMM;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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