Alliances in financial ecosystems: A source of organizational legitimacy for fintech startups and incumbents
Artikel i vetenskaplig tidskrift, 2019

Financial ecosystems are transforming around new financial technology, or “fintech”. As such ecosystems transform, the basis for being seen as legitimate also changes for all actors. Thus, alliances between actors within financial ecosystems are increasingly formed to help gain, maintain, and repair organizational legitimacy. From interviews with fintech startups in Sweden and with venture capitalist firms investing in fintech startups in Sweden, we explore the intertwined quests for organizational legitimacy in a transforming financial ecosystem. As Swedish fintech startups seek to establish a sense of their legitimacy, simultaneously incumbents seek to maintain and repair their organizational legitimacy. Adopting a legitimacy-based view of strategic alliances, we set out the aspects of organizational legitimacy that incumbents and fintech startups look for in a potential partner and how these aspects meet the legitimacy needs of each partner. We argue that alliances further enhance the organizational legitimacy of both fintech
startups and incumbents.

organizational legitimacy

fintech startups

relational perspective

financial ecosystems

strategic alliances

Författare

Christopher Svensson

Minna Technologies

Jakob Udesen

Tetra Pak

Jane Webb

Chalmers, Teknikens ekonomi och organisation, Entrepreneurship and Strategy, Entrepreneurship and strategy

Technology Innovation Management Review

1927-0321 (ISSN)

Vol. 9 1 20-32

Drivkrafter

Innovation och entreprenörskap

Ämneskategorier

Företagsekonomi

DOI

10.22215/timreview/1209

Mer information

Senast uppdaterat

2019-04-29