Purpose, originality and value – This thesis aims to cover an important gap: the literature lacks an analysis about the role of Fintech start-ups who have begun to develop in the Supply Chain Finance field. The objective is to perform a complete and structured study about the Business Models adopted by start-ups in a context where alternative financing solutions are requested. Design, methodology and approach – A multi-step process has been followed, starting from a literature review which allowed to identify the gaps and determine the variables of the model to apply. Then, 13 case studies representatives of the Italian context have been performed through semi-structured interviews. Finally, results have been enriched enlarging the research’s sample to global Fintech start-ups, whose websites have been used as main secondary source of information. Findings – The output of this research includes (1) the definition of four recurrent Business Models adopted by start-ups globally, (2) the classification of the benefits enforced by the use of innovative technologies and (3) the classification of arranged partnerships among start-ups and other players, with special focus on their relationships with consolidated financial institutions. Practical and managerial implications – While the theory building approach makes the findings particularly relevant from a theoretical contribution perspective, this research has the final purpose to address practitioners and real-world companies. The overview of the Italian and global landscape provides to new entrants to the sector the market’s opportunities, while actors already operating on the market can have precious insights about future trends that could stimulate their Business Models innovation. Finally, the study supports start-ups’ clients, driving them towards the solution that best fits their needs. Limits and future research – Technology for the support of financial activities is continuously developing. Therefore, future research should deepen the study about implications that advanced technologies will entail on the Supply Chain Finance market. Furthermore, new Business Models could develop and researchers should study them.
Scopo, originalità e valore – Questa tesi ha lo scopo di colmare la mancanza di letteratura sul ruolo delle nuove start-up Fintech che si stanno sviluppando sul mercato del Supply Chain Finance. In particolare, l’obiettivo di questa ricerca è sviluppare uno studio completo e strutturato dei Business Models adottati dai nuovi attori, in un contesto in cui soluzioni di finanza alternativa vengono richieste. Design, metodologia e approccio – Il processo di ricerca seguito è basato su più fasi. Il punto di partenza è stato lo studio della letteratura per identificare le lacune e determinare le variabili del modello da applicare alla ricerca. In seguito, 13 casi di studio rappresentativi del contesto italiano sono stati svolti tramite interviste semi-strutturate. I risultati ottenuti sono stati poi rafforzati estendendo l’analisi alle start-up Fintech globali. Risultati – L’output di questa tesi comprende (1) la definizione di 4 Business Models ricorrenti adottati dalle start-up Fintech a livello globale, (2) una classificazione dei benefici apportati dall’utilizzo di tecnologie innovative e (3) una classificazione delle relazioni stabilite dalle start-up con altri attori, con particolare focus sul loro rapporto con gli istituti finanziari consolidati. Implicazioni pratiche e manageriali – Se da un lato l’approccio “theory building” rende il contributo dello studio interessante da un punto di vista teorico, questa ricerca si rivolge in primo luogo ad aziende reali operanti sul mercato. La visione dell’attuale scenario italiano e globale fornisce ai nuovi entranti del settore il panorama delle opportunità correnti e agli attori già attivi alcuni spunti utili per innovare i loro Business Model. Infine, lo studio fornisce un supporto per i clienti delle start-up, indirizzandoli verso la soluzione che meglio risponde alle loro esigenze. Limiti e ricerche future – Le tecnologie a supporto delle attività finanziarie continuano a svilupparsi, pertanto ricerche future dovranno approfondire lo studio sulle implicazioni che queste tecnologie avranno sul mercato del Supply Chain Finance e se in questo contesto di fermento tecnologico, nuovi Business Models verranno sviluppati.
Fintech and supply chain finance : an investigation on start-ups' business models
ENNA, SILVIA
2016/2017
Abstract
Purpose, originality and value – This thesis aims to cover an important gap: the literature lacks an analysis about the role of Fintech start-ups who have begun to develop in the Supply Chain Finance field. The objective is to perform a complete and structured study about the Business Models adopted by start-ups in a context where alternative financing solutions are requested. Design, methodology and approach – A multi-step process has been followed, starting from a literature review which allowed to identify the gaps and determine the variables of the model to apply. Then, 13 case studies representatives of the Italian context have been performed through semi-structured interviews. Finally, results have been enriched enlarging the research’s sample to global Fintech start-ups, whose websites have been used as main secondary source of information. Findings – The output of this research includes (1) the definition of four recurrent Business Models adopted by start-ups globally, (2) the classification of the benefits enforced by the use of innovative technologies and (3) the classification of arranged partnerships among start-ups and other players, with special focus on their relationships with consolidated financial institutions. Practical and managerial implications – While the theory building approach makes the findings particularly relevant from a theoretical contribution perspective, this research has the final purpose to address practitioners and real-world companies. The overview of the Italian and global landscape provides to new entrants to the sector the market’s opportunities, while actors already operating on the market can have precious insights about future trends that could stimulate their Business Models innovation. Finally, the study supports start-ups’ clients, driving them towards the solution that best fits their needs. Limits and future research – Technology for the support of financial activities is continuously developing. Therefore, future research should deepen the study about implications that advanced technologies will entail on the Supply Chain Finance market. Furthermore, new Business Models could develop and researchers should study them.| File | Dimensione | Formato | |
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2018_04_Enna.pdf
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Descrizione: Testo della tesi
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https://hdl.handle.net/10589/139495