---
_id: '12698'
abstract:
- lang: eng
  text: 'We explore the determinants affecting the emergence of the “pervaded banking
    system” (PBS) – a mixed system encompassing traditional banks and continuously
    entering fintech companies – in Austria, Germany, and Switzerland. Drawing on
    a sample of 604 fintech companies and 802 banks, we compile an unbalanced panel
    dataset between 2015 and 2019 and employ a fixed-effects negative binomial model
    to analyze tie formation processes between fintech companies and banks using three
    analytical perspectives: (i) geographical colocation, (ii) network embeddedness,
    and (iii) combined effects. Our empirical results demonstrate that geographical
    factors, network-related drivers, and combined effects positively impact the formation
    of ties between banks and fintech companies. This study contributes to the debate
    in small business literature by illuminating how small firms affect system emergence.
    We make recommendations for bank and fintech managers, as well as political decision-makers,
    who need a profound systemic understanding to adapt strategies and set the institutional
    framework.'
article_type: original
author:
- first_name: Roland
  full_name: von Horn, Roland
  last_name: von Horn
- first_name: Muhamed
  full_name: Kudic, Muhamed
  id: '87331'
  last_name: Kudic
citation:
  ama: von Horn R, Kudic M. Determinants of system emergence at the nexus of banks
    and fintech – insights from the DACH region. <i>Journal of Small Business Management</i>.
    2023;62(4):1749-1780. doi:<a href="https://doi.org/10.1080/00472778.2023.2169704">10.1080/00472778.2023.2169704</a>
  apa: von Horn, R., &#38; Kudic, M. (2023). Determinants of system emergence at the
    nexus of banks and fintech – insights from the DACH region. <i>Journal of Small
    Business Management</i>, <i>62</i>(4), 1749–1780. <a href="https://doi.org/10.1080/00472778.2023.2169704">https://doi.org/10.1080/00472778.2023.2169704</a>
  bjps: <b>von Horn R and Kudic M</b> (2023) Determinants of System Emergence at the
    Nexus of Banks and Fintech – Insights from the DACH Region. <i>Journal of Small
    Business Management</i> <b>62</b>, 1749–1780.
  chicago: 'Horn, Roland von, and Muhamed Kudic. “Determinants of System Emergence
    at the Nexus of Banks and Fintech – Insights from the DACH Region.” <i>Journal
    of Small Business Management</i> 62, no. 4 (2023): 1749–80. <a href="https://doi.org/10.1080/00472778.2023.2169704">https://doi.org/10.1080/00472778.2023.2169704</a>.'
  chicago-de: 'von Horn, Roland und Muhamed Kudic. 2023. Determinants of system emergence
    at the nexus of banks and fintech – insights from the DACH region. <i>Journal
    of Small Business Management</i> 62, Nr. 4: 1749–1780. doi:<a href="https://doi.org/10.1080/00472778.2023.2169704">10.1080/00472778.2023.2169704</a>,
    .'
  din1505-2-1: '<span style="font-variant:small-caps;">von Horn, Roland</span> ; <span
    style="font-variant:small-caps;">Kudic, Muhamed</span>: Determinants of system
    emergence at the nexus of banks and fintech – insights from the DACH region. In:
    <i>Journal of Small Business Management</i> Bd. 62. London, Taylor &#38; Francis
    (2023), Nr. 4, S. 1749–1780'
  havard: R. von Horn, M. Kudic, Determinants of system emergence at the nexus of
    banks and fintech – insights from the DACH region, Journal of Small Business Management.
    62 (2023) 1749–1780.
  ieee: 'R. von Horn and M. Kudic, “Determinants of system emergence at the nexus
    of banks and fintech – insights from the DACH region,” <i>Journal of Small Business
    Management</i>, vol. 62, no. 4, pp. 1749–1780, 2023, doi: <a href="https://doi.org/10.1080/00472778.2023.2169704">10.1080/00472778.2023.2169704</a>.'
  mla: von Horn, Roland, and Muhamed Kudic. “Determinants of System Emergence at the
    Nexus of Banks and Fintech – Insights from the DACH Region.” <i>Journal of Small
    Business Management</i>, vol. 62, no. 4, 2023, pp. 1749–80, <a href="https://doi.org/10.1080/00472778.2023.2169704">https://doi.org/10.1080/00472778.2023.2169704</a>.
  short: R. von Horn, M. Kudic, Journal of Small Business Management 62 (2023) 1749–1780.
  ufg: '<b>Horn, Roland von/Kudic, Muhamed</b>: Determinants of system emergence at
    the nexus of banks and fintech – insights from the DACH region, in: <i>Journal
    of Small Business Management</i> 62 (2023), H. 4,  S. 1749–1780.'
  van: von Horn R, Kudic M. Determinants of system emergence at the nexus of banks
    and fintech – insights from the DACH region. Journal of Small Business Management.
    2023;62(4):1749–80.
date_created: 2025-03-12T08:09:57Z
date_updated: 2025-03-14T07:54:06Z
department:
- _id: DEP5000
- _id: DEP5032
doi: 10.1080/00472778.2023.2169704
extern: '1'
intvolume: '        62'
issue: '4'
jel:
- D85
keyword:
- Fintech
- ecosystem
- network emergence
- alliance
language:
- iso: eng
page: 1749-1780
place: London
publication: Journal of Small Business Management
publication_identifier:
  eissn:
  - 1540-627X
  issn:
  - 0047-2778
publication_status: published
publisher: Taylor & Francis
quality_controlled: '1'
status: public
title: Determinants of system emergence at the nexus of banks and fintech – insights
  from the DACH region
type: scientific_journal_article
user_id: '83781'
volume: 62
year: '2023'
...