Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Linkage between FinTech and Traditional Financial Sector in U.S.: Comparative Study during and after Global Financial Crisis
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
2018 (English)Independent thesis Advanced level (degree of Master (One Year)), 40 credits / 60 HE creditsStudent thesis
Abstract [en]

Background: In 2008, the financial crisis led to the deterioration of the global economy. The financial industry suffered severe setbacks. On the one hand, regulators strengthened their supervision over financial institutions and raised capital requirements. On the other hand, publics’ confidence in financial institutions declined. At the same time, the fintech industry has rapidly developed during this decade, they use technology to make financial innovation and pose a threat to the traditional financial industry.

Purpose: This paper aims to study the linkage between U.S. fintech and the traditional financial sector, trying to figure out which industry's stock price changes will affect the stock price changes in another industry. In particular, it also considers whether the global financial crisis will affect this relationship.

Method: We first perform the Granger causality test under the VAR framework for several selected indices sequences, and then use the Toda Yamamoto version of Granger causality approach to verify the reliability of the above tests. Testing is divided into different time intervals in order to detect the impact of financial crisis on the relationship between time series.

Conclusion: The empirical analysis results show that the correlation between the index in the long-term and short-term is inconsistent, and also shows that the correlation between the index will be affected by the financial crisis, or say, it will change as time varying.

Place, publisher, year, edition, pages
2018. , p. 48
Keywords [en]
Fintech, Traditional financial sector, Granger causality, Toda&Yamamoto, linkage
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-39896ISRN: JU-IHH-FÖA-2-20180626OAI: oai:DiVA.org:hj-39896DiVA, id: diva2:1214242
Presentation
(English)
Supervisors
Examiners
Available from: 2018-06-20 Created: 2018-06-06 Last updated: 2018-06-20Bibliographically approved

Open Access in DiVA

fulltext(696 kB)38 downloads
File information
File name FULLTEXT01.pdfFile size 696 kBChecksum SHA-512
c7a287c4b5988f3d9bb337495076bfc98edbbe00d745d5dd90e7e8cf69483f588b06a689cad5b3bc6345dea88a29999bebcef2296f5da8c6f90e860224a02cf6
Type fulltextMimetype application/pdf

By organisation
JIBS, Business Administration
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 38 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 54 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf