When function meets emotion, change can happen: Societal value propositions and disruptive potential in fintechs

Othmar M. Lehner*, Romina Simlinger

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

2 Citations (Scopus)

Abstract

Fintechs, as providers of digital service innovations and as highly relevant and novel channels through which to deliver entrepreneurial finance based on the creative use of state-of-the-art technology in the financial domain, have thus far mainly been addressed in research by examining the functional aspects of their value propositions (VPs). This article thus sets out to gain insights into the interplay and overall role of societal VPs as potential antecedents and change catalysts in the formation of the often promised disruptive potential of fintechs for the financial sector. In an inductive, theory-building approach, the authors first examine how societal VPs transcend individual functional and emotional ones for entrepreneurs, and conclude with a conceptual model of how the former can build up the disruptive potential of fintechs and deliver apt solutions for entrepreneurs seeking finance.

Original languageEnglish
Peer-reviewed scientific journalInternational Journal of Entrepreneurship and Innovation
Volume20
Issue number4
Pages (from-to)277-288
Number of pages12
ISSN1465-7503
DOIs
Publication statusPublished - 01.11.2019
MoE publication typeA1 Journal article - refereed

Keywords

  • disruption
  • entrepreneurial finance
  • fintechs
  • societal value
  • value propositions
  • 512 Business and Management

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