Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-29358
Publication type: Master thesis
Title: Are financial technology firms more likely to receive equity funding?
Authors: Firtina, Emine Çiçek
Advisors / Reviewers: Kaya, Orcun
DOI: 10.21256/zhaw-29358
Extent: 90
Issue Date: 2022
Publisher / Ed. Institution: ZHAW Zürcher Hochschule für Angewandte Wissenschaften
Publisher / Ed. Institution: Winterthur
Language: English
Subjects: Venture capital; Startups; Equity financing; Fintech; OLS regression
Subject (DDC): 332: Financial economics
Abstract: This study examines if the Fintech companies are more likely to receive equity funding compared to the other companies and other startups. The purpose of the research is to analyze if selected determinants (age, headquarters location, employee size, estimated revenue and operating industry) affect equity funding received. A sample of 59,429 startup companies across 130 countries on a cross sectional data is analyzed by using OLS regression in Python. The null hypotheses that these factors do not have an impact on equity funding to the alternative was tested. The results show that, among the selected determinants; age, employee size and estimated revenue have a positive relationship on equity funding and being a Fintech company and having a headquarters location in US have a negative relationship on equity funding. The impact of the headquarter location on equity funding is weaker in an emerged market compared to emerging markets.
URI: https://digitalcollection.zhaw.ch/handle/11475/29358
License (according to publishing contract): CC BY-NC-ND 4.0: Attribution - Non commercial - No derivatives 4.0 International
Departement: School of Management and Law
Appears in collections:MSc Banking and Finance

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Firtina, E. Ç. (2022). Are financial technology firms more likely to receive equity funding? [Master’s thesis, ZHAW Zürcher Hochschule für Angewandte Wissenschaften]. https://doi.org/10.21256/zhaw-29358
Firtina, E.Ç. (2022) Are financial technology firms more likely to receive equity funding? Master’s thesis. ZHAW Zürcher Hochschule für Angewandte Wissenschaften. Available at: https://doi.org/10.21256/zhaw-29358.
E. Ç. Firtina, “Are financial technology firms more likely to receive equity funding?,” Master’s thesis, ZHAW Zürcher Hochschule für Angewandte Wissenschaften, Winterthur, 2022. doi: 10.21256/zhaw-29358.
FIRTINA, Emine Çiçek, 2022. Are financial technology firms more likely to receive equity funding? Master’s thesis. Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften
Firtina, Emine Çiçek. 2022. “Are Financial Technology Firms More Likely to Receive Equity Funding?” Master’s thesis, Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften. https://doi.org/10.21256/zhaw-29358.
Firtina, Emine Çiçek. Are Financial Technology Firms More Likely to Receive Equity Funding? ZHAW Zürcher Hochschule für Angewandte Wissenschaften, 2022, https://doi.org/10.21256/zhaw-29358.


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