@article{MTMT:33542124,
	title = {Unearthing the Contextual Influence of National Culture on Entrepreneurship: Systematic Literature Review},
	url = {https://m2.mtmt.hu/api/publication/33542124},
	author = {Bate, Adisu Fanta},
	doi = {10.21203/rs.3.rs-2420126/v1},
	journal-iso = {J ENTREP MANAG INNOV},
	journal = {JOURNAL OF ENTREPRENEURSHIP MANAGEMENT AND INNOVATION},
	unique-id = {33542124},
	issn = {2299-7075},
	year = {2024},
	eissn = {2299-7326},
	orcid-numbers = {Bate, Adisu Fanta/0000-0003-2729-3934}
}

@article{MTMT:34750214,
	title = {Comparative analysis of national innovation systems: Implications for SMEs' adoption of fourth industrial revolution technologies in developing and developed countries},
	url = {https://m2.mtmt.hu/api/publication/34750214},
	author = {Mosupye-Semenya, Lebogang},
	doi = {10.7341/20242014},
	journal-iso = {J ENTREP MANAG INNOV},
	journal = {JOURNAL OF ENTREPRENEURSHIP MANAGEMENT AND INNOVATION},
	volume = {20},
	unique-id = {34750214},
	issn = {2299-7075},
	abstract = {PURPOSE: This study aims to identify the differences and similarities in the innovation systems of developing vs. developed countries that influence SMEs’ adoption of Fourth Industrial Revolution (4IR) technologies. There is a notable absence of comparative research between National Innovation Systems (NIS) of developing and developed countries. Additionally, the current scholarly conversation lacks a holistic view of NIS. Our study aims to fill these gaps by employing Lundvall’s framework to explore both developed and developing countries’ systems comprehensively. METHODOLOGY: The data was collected through a Systematic Literature Review, identifying a total of 695 publications from SCOPUS, Web of Science (WoS), and ProQuest. The PRISMA process was adhered to, resulting in 32 papers undergoing quality evaluation using Gough’s ‘weight of evidence’ guidelines. Twenty-nine primary papers were selected, comprising twelve from developed countries, another twelve from developing countries, and the remainder from both categories. Using Qualitative Meta-synthesis (QMS) with ATLAS.ti, a systematic alignment of codes with research inquiries pertaining to NIS ensued, revealing a multifaceted spectrum of findings across these scholarly investigations. FINDINGS: We found that there are similarities and differences between the innovation systems of developed and developing nations. The similarities include the intra-firm interactions taking place between managers and workers, inter-firm relations between the SMEs and Academia and other SMEs, as well as the role of the government in providing funding and regulation (albeit at significantly varying degrees). The most significant differences observed were in the funding mechanisms, the role of the government, and the R&D systems. It was found that governments in developed countries provided SMEs with substantial incentives, tax credits, and subsidies to adopt 4IR technologies, which appears to positively impact the adoption rate. We conclude by developing a conceptual framework for the NIS necessary for the adoption of SMEs’ 4IR technologies in developing countries. IMPLICATIONS: This study contributes to the literature on innovation systems by examining the NIS of both developed and developing countries. This analysis allows us to gain deeper insights into how specific aspects of each country (developed or developing) affect (positively or negatively) SMEs’ adoption of 4IR technologies. Practically, it informs governments in developing countries on which aspects to focus on in their NIS to increase the rate of the adoption of 4IR technologies by SMEs. ORIGINALITY AND VALUE: A distinctive aspect of this study lies in the creation of a comprehensive conceptual model delineating the essential components of the innovation system pivotal for the successful integration of 4IR technologies within SMEs. This model is designed to serve as a practical tool for governments in developing countries, providing a structured framework to facilitate and enhance the strategic development of their innovation landscapes.},
	year = {2024},
	eissn = {2299-7326},
	pages = {65-85},
	orcid-numbers = {Mosupye-Semenya, Lebogang/0000-0002-2524-3661}
}

@article{MTMT:34289283,
	title = {What makes equity crowdfunding successful in Japan? Testing the signaling and lack of financial literacy hypotheses},
	url = {https://m2.mtmt.hu/api/publication/34289283},
	author = {Nose, Yoshiaki and Hosomi, Chie},
	doi = {10.7341/20231945},
	journal-iso = {J ENTREP MANAG INNOV},
	journal = {JOURNAL OF ENTREPRENEURSHIP MANAGEMENT AND INNOVATION},
	volume = {19},
	unique-id = {34289283},
	issn = {2299-7075},
	abstract = {PURPOSE: The first objective of this study is to identify the factors that contribute to the success of equity crowdfunding (ECF) campaigns in Japan. We examined what makes a campaign successful using data from 217 campaigns conducted on FUNDINNO, Japan’s largest ECF platform, between February 2017 and May 2021. The second objective is to assess individual investors’ financial literacy based on the ECF campaign’s success or failure. This study is unique in that it focuses on funding method differences as well as the contents of the business plans disclosed in the ECF campaigns. In Japan, a common equity campaign and stock acquisition rights campaign are run on the same ECF platform, as if they were the same type of funding. Common stock and stock acquisition rights are treated differently by venture capitalists and other professional investors. By comparing the success or failure of the two Japanese projects, we can assess individual investors’ financial literacy after taking into account the project signals. METHODOLOGY: The “Signaling Hypothesis” and the “Lack of Financial Literacy Hypothesis” were tested. Nine and four variables were set as proxy variables for the Signaling Hypothesis and the Lack of Financial Literacy Hypothesis, respectively. This study first divides the qualitative data into success/failure dichotomies for the proxy variables that comprise the hypotheses and then uses a chi-square test to examine the composition ratio of each. The quantitative data among the hypotheses’ proxy variables are then tested for differences in means (t-test) and medians (Wilcoxon signed-rank test). Subsequently, we perform a probit analysis with the explained variable being “success (1)/failure (0)” and the explanatory variable being a proxy variable for the hypothesis. We begin with a probit analysis, and the Logit model is then introduced. Finally, a multiple regression analysis is run with the explained variables “fundraising rate” and “number of investors” and the hypothesized proxy variables as explanatory variables. FINDINGS: We found that the “number of directors” is an effective management ability indicator of ECF success. In terms of start-up fundamentals, investors appear to accept the signals “intellectual property”, “product releases” and “tax incentives.” Awards affected the size of the final funding round. In contrast, B2C companies negatively signaled to private investors. The proxy variable “in final year sales” was supported concerning the lack of a financial literacy hypothesis. Individual investors can be assumed to be financially literate if they perform due diligence. However, since “expected rate of return (Internal Rate of Return, hereafter abbreviated as IRR)” and “common stock dummy” are uncorrelated, we can conclude that they do not demonstrate financial literacy in “valuation,” nor whether or not the investment is profitable. Thus, individual investors’ financial literacy in the Japanese ECF can be considered to be limited. IMPLICATIONS: We have demonstrated which signals investors in Japan’s ECF campaigns respond to. These guidelines will be useful for future start-ups planning ECF campaigns. We were able to identify the lack of financial literacy among ECF individual investors. Therefore, for Japan’s equity capital market to grow in the future, individual investors’ financial literacy must be improved. ORIGINALITY AND VALUE: With very limited analysis in Asia, home to the world’s second- and third-largest stock markets, we have identified the factors behind the success of Japan’s ECF. Identifying success factors in a country like Japan, where many individual investors are extremely risk averse, will provide new insights. By comparing the success or failure of the two types of Japanese ECF projects (common equity projects and stock acquisition rights), we could test the financial literacy of individual investors, taking into account the project signals.},
	year = {2023},
	eissn = {2299-7326},
	pages = {146-183},
	orcid-numbers = {Nose, Yoshiaki/0000-0003-0866-6766}
}

@article{MTMT:34266155,
	title = {A phenomenological exploration of technology start-up failure in Sri Lanka},
	url = {https://m2.mtmt.hu/api/publication/34266155},
	author = {Wimal, Kesara and Ajendra, Selvaratnam},
	doi = {10.7341/20231932},
	journal-iso = {J ENTREP MANAG INNOV},
	journal = {JOURNAL OF ENTREPRENEURSHIP MANAGEMENT AND INNOVATION},
	volume = {19},
	unique-id = {34266155},
	issn = {2299-7075},
	abstract = {PURPOSE: The main purpose of this qualitative study was to explore tech startup failures in Sri Lanka to emerge themes that explain the critical factors that are impacting failures of Sri Lankan tech start-ups and also to identify recommendations that could help evade those factors. The paper also presents the finding to enrich tech entrepreneurs to build their strategies with an understanding of factors that leads to failure and to make well-educated decisions. METHODOLOGY: The study is based on a qualitative research approach that helps to present findings in a theoretical way. A phenomenological analysis has been used to identify, understand, and analyze the phenomena of tech start-up failures. Twelve start-up leaders participated in this study and shared their lived experiences of tech start-up failures in Sri Lanka. Interviews were conducted with them based on twelve interview questions and twelve core themes emerged based on the participants' lived experiences. In analyzing data, the modified Van Kaam approach was used, utilizing a seven-step framework that considers the structural and textual aspects of experiences, as well as the perceptual characteristics of the phenomenon. FINDINGS: The themes answered the key research question of the study: What are the critical factors that are impacting on failures of tech start-ups in Sri Lanka? The cause of tech start-up failures according to the current study varied including, financial uncertainty, no market research, no product-market fit, paranoid behaviors of innovators, lack of timely response to changing conditions, and location of the venture. IMPLICATIONS: The paper concisely presents twelve critical reasons for tech start-up failures. The results of the research will enable Sri Lankan tech start-ups to identify key factors of failure for the growth of their surviving strategies. Identifying secret obstacles in the industry helps entrepreneurs prepare for pitfalls and provides guidelines for policymakers to make informed choices when implementing national policies. More importantly, it has been discovered that the major areas that require more attention are leadership, funding, marketing, and innovation. Finally, four groups of recommendations have been discussed under financing, market research, leadership, and inventors. ORIGINALITY AND VALUE: The comparison of the current study themes with the findings of related studies is inconclusive because the literature on tech start-up failures in other countries and in Sri Lanka is minimal. Some of the themes align with the findings of research conducted in other countries, although there were some themes that were explored uniquely.},
	keywords = {Entrepreneurship; Factors; survival strategies; tech entrepreneur; start-up failure; critical success; software start-up; technology start-up},
	year = {2023},
	eissn = {2299-7326},
	pages = {47-86}
}

@article{MTMT:34327306,
	title = {Sustainable human resource management practices in organizational performance: The mediating impacts of knowledge management and work engagement},
	url = {https://m2.mtmt.hu/api/publication/34327306},
	author = {Abu-Mahfouz, Shatha and Halim, Mutia Sobihah Abd and Bahkia, Ayu Suriawaty and Alias, Noryati and Tambi, Abdul Malek},
	doi = {10.7341/20231922},
	journal-iso = {J ENTREP MANAG INNOV},
	journal = {JOURNAL OF ENTREPRENEURSHIP MANAGEMENT AND INNOVATION},
	volume = {19},
	unique-id = {34327306},
	issn = {2299-7075},
	abstract = {PURPOSE: Modern business and global organizations are regularly presented with challenges caused by unpredictable competitive environments. Human resource management (HRM) practices give sustainable opportunities for employees to use their abilities and express their enthusiasm to obtain skills and knowledge and to apply them at the workplace with a view to achieving engaged individuals and increasing organizational performance. This article presents a recent study outcome to examine (i) the mediating role of knowledge management and work engagement and (ii) the effect of sustainable HRM practices on organizational performance. METHODOLOGY: 500 self-reported questionnaires were distributed to Jordanian university lecturers (research population) for data collection. The study data were assessed with structural equation modeling (SEM) using IBM-SPSS-AMOS 25.0. FINDINGS: Two pivotal outcomes were identified: (i) sustainable HRM practices, knowledge management, and work engagement were positively associated with organizational performance; (ii) knowledge management and work engagement played a mediating role in the sustainable HRM practice-organizational performance correlation. IMPLICATIONS: Overall, employee cooperation proved essential to optimize organizational performance, specifically during their engagement in sustainable HRM practices and knowledge management. Finally, the research proposed several practical recommendations and interventions on sustainable HRM for future research. ORIGINALITY AND VALUE: The research has provided proof of five variable relationships contained in the model. Firstly, organizational performance increased with sustainable HRM practices through knowledge management. Secondly, organizational performance increased with sustainable HRM practices through work engagement. Thirdly, work engagement increased with sustainable HRM through knowledge management. Fourthly, organizational performance increased with knowledge management through work engagement. Fifthly, organizational performance increased with sustainable HRM through knowledge management and work engagement.},
	keywords = {KNOWLEDGE MANAGEMENT; organizational performance; work engagement; sustainable HRM practices; Ability-Motivation-Opportunity (AMO) theory},
	year = {2023},
	eissn = {2299-7326},
	pages = {57-97}
}

@article{MTMT:34019802,
	title = {The influence of e-trust on a job performance model based on employees’ dynamic capabilities during a crisis caused by a Black Swan event},
	url = {https://m2.mtmt.hu/api/publication/34019802},
	author = {Tworek, Katarzyna and Luo, Guangyan and Paska, Marcin and Sałamacha, Anna},
	doi = {10.7341/20231925},
	journal-iso = {J ENTREP MANAG INNOV},
	journal = {JOURNAL OF ENTREPRENEURSHIP MANAGEMENT AND INNOVATION},
	volume = {19},
	unique-id = {34019802},
	issn = {2299-7075},
	abstract = {PURPOSE: In a crisis such as the COVID-19 pandemic, employees play a key role in the ability to survive and achieve both sufficient and outstanding performance in the organization. Therefore, both the characteristics of people in the organization and the possibility of influencing the improvement of their performance at work, have become the focus of attention of scientists and practitioners. In this context, the purpose of this article is to analyze the role of e-trust in strengthening the influence of employees’ dynamic capabilities on the job performance of employees among organizations operating under the conditions of the COVID-19 pandemic. METHODOLOGY: An empirical study was performed based on the Employees’ Dynamic Capabilities model. In order to verify the potential relations, empirical studies were conducted in 1200 organizations located in Poland, Italy and USA. The companies were selected on the basis of the purposive manner. The structured questionnaire was prepared and the CAWI (Computer-Assisted Web Interview) method was used in this research. The reliability of the scales used in the survey was tested and afterwards a multigroup path analysis was performed using IBM SPSS AMOS. The model was verified, confirming the presumed relationships between the variables. FINDINGS: It has been proven that the higher the level of e-trust is, the stronger the influence of EDC is on job performance of organizations operating under a crisis caused by a Black Swan event mediated by P-J fit, work motivation, job satisfaction and work engagement. IMPLICATIONS: This study contributes to the current knowledge of management, in particular human resource management. In the theoretical area, the relationships between the factors influencing job performance in the difficult conditions of the crisis caused by the Black Swan event were described. On the other hand, from a practical point of view, indications on how to shape leadership behavior during remote work, with particular emphasis on the e-trust aspect, seem to be important. ORIGINALITY AND VALUE: This research enriches the considerations regarding the existing Employees’ Dynamic Capabilities model. The role of the e-trust factor, which is an important part of e-leadership, in the context of the impact on this model was indicated and discussed. The conclusions are a solid step in the development of knowledge about managing employees during remote work, which not only became a solution for the time of the crisis, but was also permanently introduced to the current work organization.},
	year = {2023},
	eissn = {2299-7326},
	pages = {159-187},
	orcid-numbers = {Tworek, Katarzyna/0000-0002-6276-2436; Luo, Guangyan/0000-0001-7647-8228; Paska, Marcin/0000-0002-6174-958X; Sałamacha, Anna/0000-0002-9601-4620}
}

@article{MTMT:34266006,
	title = {Business consulting, knowledge absorptive capacity, and innovativeness: A triangular model for micro and small enterprises in Poland},
	url = {https://m2.mtmt.hu/api/publication/34266006},
	author = {Grabowski, Wojciech and Stawasz, Edward},
	doi = {10.7341/20231911},
	journal-iso = {J ENTREP MANAG INNOV},
	journal = {JOURNAL OF ENTREPRENEURSHIP MANAGEMENT AND INNOVATION},
	volume = {19},
	unique-id = {34266006},
	issn = {2299-7075},
	abstract = {PURPOSE: This paper proposes a triangular relationship between business consulting, knowledge absorptive capacity, and innovativeness. The role of knowledge absorptive capacity in stimulating the impact of business consulting on innovativeness is studied. METHODOLOGY: An empirical study is conducted using the CATI method, and it is based on data concerning 382 Polish micro and small enterprises. Qualitative variables reflecting using business consulting, knowledge absorptive capacity and innovativeness are defined. The multivariate discrete choice model taking into account relationships among these constructs, is proposed and its parameters are estimated. FINDINGS: The results of the empirical research indicate that business consulting in Poland and similar countries may help firms implement innovative solutions. Knowledge absorptive capacity stimulates innovativeness and has a positive impact on the relationship between using business consulting and improvement in innovativeness. Though the frequency of using business consulting is an important factor in improving innovativeness, cooperation between a consultant and a manager matters more. IMPLICATIONS: Results of the empirical research indicate that cooperation between a consultant and a manager may help reduce differences of opinion and internal conflicts. A higher propensity to cooperate may significantly improve the functioning of an enterprise. Business consulting has an indirect and direct effect on innovativeness. It has a positive impact on knowledge absorptive capacity, while better knowledge stimulates innovativeness. ORIGINALITY AND VALUE: An original triangular model of the relationship between business consulting, knowledge absorptive capacity, and innovativeness is proposed.},
	keywords = {ECONOMY; Innovativeness; econometric model; Knowledge absorptive capacity; business consulting; multivariate discrete choice model; development support policy},
	year = {2023},
	eissn = {2299-7326},
	pages = {7-40},
	orcid-numbers = {Grabowski, Wojciech/0000-0002-6707-3736; Stawasz, Edward/0000-0003-4744-6096}
}

@article{MTMT:33685636,
	title = {Sustainable development and entrepreneurship in emerging countries: Are sustainable development and entrepreneurship reciprocally reinforcing?},
	url = {https://m2.mtmt.hu/api/publication/33685636},
	author = {Apostu, Simona-Andreea and Gigauri, Iza},
	doi = {10.7341/20231912},
	journal-iso = {J ENTREP MANAG INNOV},
	journal = {JOURNAL OF ENTREPRENEURSHIP MANAGEMENT AND INNOVATION},
	volume = {19},
	unique-id = {33685636},
	issn = {2299-7075},
	abstract = {PURPOSE: Entrepreneurship seen as an engine for economic development is especially desirable for emerging countries to support rapid growth. Moreover, entrepreneurs can support social transformation in favor of more sustainable products and services. Sustainable orientation of entrepreneurship contributes to sustainable development goals and prevents environmental deprivation. However, the sustainable development agenda can also influence entrepreneurship. METHODOLOGY: The conducted bibliometric analysis confirmed the growing interest among scholars in the correlation of entrepreneurship to sustainability in the last years. Furthermore, panel regression (static model) was used to explore the variables on entrepreneurship influencing the sustainable development goal (SDG) index in emerging countries, and Levin, Lin and Chu (LLC), W-Stat – IPS, ADF-Fisher Chi-Square, and PP-Fisher Chi-Square tests were applied to analyze the variables stationarity. In order to examine the existence of structural breaks, the robustness was checked on single cross-section units and on the whole panel dataset. In addition, the Hausmann test was used to select between random and fixed effects, and heteroskedasticity of residues, autocorrelation of residues and dependence of residues between the panels were conducted. Data was analyzed through Eviews 13. FINDINGS: This paper investigates the relationship between sustainability and entrepreneurship in emerging countries. It discusses the impact of sustainable development on entrepreneurship and the influence of entrepreneurship on sustainable development. IMPLICATIONS: The study results can be used by governments and policymakers to plan their strategies and policies concerning entrepreneurship and implementation of sustainable development goals. They should promote entrepreneurial activity and control the negative environmental impact of enterprises simultaneously. ORIGINALITY AND VALUE: The research addresses the gap in the literature concerning the relationship between sustainable development and sustainable entrepreneurship. The paper examines the reciprocal relationship between sustainable development and entrepreneurship with an emphasis on emerging countries.},
	year = {2023},
	eissn = {2299-7326},
	pages = {41-77},
	orcid-numbers = {Apostu, Simona-Andreea/0000-0003-1727-0114; Gigauri, Iza/0000-0001-6394-6416}
}

@article{MTMT:33969529,
	title = {Fintech framing financial ecologies: Conceptual and policy-related implications},
	url = {https://m2.mtmt.hu/api/publication/33969529},
	author = {Gancarczyk, Marta and Rodil-Marzabal, Oscar},
	doi = {10.7341/20221841},
	journal-iso = {J ENTREP MANAG INNOV},
	journal = {JOURNAL OF ENTREPRENEURSHIP MANAGEMENT AND INNOVATION},
	volume = {18},
	unique-id = {33969529},
	issn = {2299-7075},
	abstract = {PURPOSE: Financial ecologies (FEs) are place-based governance forms of financial services provision, currently undergoing a transformation through financial technologies (Fintech). The idea of FEs is socially and economically relevant, since they reach toward underserved or excluded market segments and intermediate for territorial development across industries and sectors of private and public entities. At the same time, the FE remains at the early stage of conceptualization and empirical corroborations, in particular regarding how Fintech affects its core elements and related policy implications. In response to the theoretical and practical relevance, and early stage of theorizing the recent Fintech developments in the FE, this article aims to identify how Fintech frame FEs and to propose the resulting conceptual and policy-related implications. METHODOLOGY: To frame the FE concept, we used the methodological lens of construct clarity principles and the concept reconstruction. The research method includes a systematic literature review of 48 publications selected from Scopus and WoS databases. FINDINGS: We have analyzed the concept of FE according to its major elements and related concepts. The FE remains at the intersection of other outcome-oriented ecosystems that focus on territories, but it can also be treated as an independent phenomenon and research object. The idea of FE has been shaped by Fintech-driven developments in all its constituent elements with conceptual and policy consequences formulated as a set of propositions. IMPLICATIONS: The findings are relevant for future theory development and empirical corroborations of the FE. They can also enhance the integration of research communities of practice to accumulate knowledge. Despite standardization brought about by technological innovations, the availability, usefulness, and effects of financial ecosystems depend on the multiscalar spatial contexts that differ in socio-economic and institutional dimensions. ORIGINALITY AND VALUE: First, the article frames the understanding of FE as financial services governance based on technological advancements and focused on territorial projects and communities. Second, the FE concept was clarified according to major properties and relationships to other adjacent ideas of spatial networking for socioeconomic development. Third, propositions and research areas were formulated for further investigations.},
	keywords = {fintech; financial ecologies; financial ecosystems; financial technologies; policy-related implications},
	year = {2022},
	eissn = {2299-7326},
	pages = {7-44},
	orcid-numbers = {Gancarczyk, Marta/0000-0003-2078-9320}
}

@article{MTMT:33768929,
	title = {An analytical framework for strategic alliance formation between a cooperative bank and a fintech start-up. An Italian case study},
	url = {https://m2.mtmt.hu/api/publication/33768929},
	author = {Bartolacci, F. and Cardoni, A. and Łasak, P. and Sadkowski, W.},
	doi = {10.7341/20221844},
	journal-iso = {J ENTREP MANAG INNOV},
	journal = {JOURNAL OF ENTREPRENEURSHIP MANAGEMENT AND INNOVATION},
	volume = {18},
	unique-id = {33768929},
	issn = {2299-7075},
	abstract = {PURPOSE: The paper aims to identify the characteristics of the entities involved, the motivations and the processes of forming strategic alliances between a small cooperative bank and a fintech start-up. The paper bridges the research gap in the literature and explains the success factors of strategic alliance between considered entities. METHODOLOGY: We applied a typical qualitative research approach that consists of two steps. The first step was to develop an analytical framework to understand the critical success factors for the strategic alliance formation between banks and fintech start-ups. In the second step, we applied the analytical framework for a case study analysis, considering the strategic alliance between the Banca Popolare di Cortona and the NetFintech start-up. FINDINGS: Our research shows that there are different motives for strategic alliance formation for banks and fintech start-ups. From a theoretical point of view, banks’ motivations are based on outsourcing, innovation, the evolution of the business model, competitive advantage, saving costs, improving service quality, and learning. The main motives for fintechs include access to customers, loans, banking license, economies of scale, trust, and credibility. In the empirical part, we found that the crucial success factors are strategic alignment and hybridization, competence and experience, cultural value and territorial closeness, and professionalism. IMPLICATIONS: The results develop the knowledge about the best conditions for cooperative banks and fintech start-ups strategic alliances. The main limitation is that the paper is based only on one case study and it is related to cooperative banks and does not embrace other groups of banks. For this reason, it can be a basis for further research in this area. The described case study can be a good example to compare other cases of such alliances. Cooperative banks and fintech start-ups involved in a strategic alliance should share the commitment at the governance level. Critical are also the procedures of the alliance formation. ORIGINALITY AND VALUE: This article provides two main contributions to the literature on the technology-driven transformations of the banking sector. First, we elaborated a theoretical framework of the critical success factors for the bank and fintech start-up strategic alliance formation. Second, we applied the framework with the bank–fintech start-up cooperation in the local market in Italy. Contrary to previous research, which focuses mainly on commercial banks, this article presents the relationship between cooperative banks and fintech start-ups. © 2022, Cognitione Foundation for the Dissemination of Knowledge and Science. All rights reserved.},
	keywords = {Strategic alliance; success factors; cooperative bank; fintech start-up; incumbent bank},
	year = {2022},
	eissn = {2299-7326},
	pages = {115-156}
}