IDEAS home Printed from https://ideas.repec.org/a/eee/telpol/v40y2016i2p168-181.html
   My bibliography  Save this article

Analyzing China’s Fintech Industry from the Perspective of Actor–Network Theory

Author

Listed:
  • Shim, Yongwoon
  • Shin, Dong-Hee

Abstract

The rapid development of information and communications technology is transforming the entire industry landscape, heralding a new era of convergence services. As one of the developing countries in the financial sector, China is experiencing an unprecedented level of convergence between finance and technology. This study applies the lens of actor–network theory (ANT) to conduct a multi-level analysis of the historical development of China’s financial technology (fintech) industry. It attempts to elucidate the process of building and disrupting a variety of networks comprising heterogeneous actors involved in the newly emerging convergence industry. This research represents a stepping stone in exploring the interaction between fintech and its yet unfolding social and political context. It also discusses policy implications for China’s fintech industry, focusing on the changing role of the state in fostering the growth of national industry within and outside of China.

Suggested Citation

  • Shim, Yongwoon & Shin, Dong-Hee, 2016. "Analyzing China’s Fintech Industry from the Perspective of Actor–Network Theory," Telecommunications Policy, Elsevier, vol. 40(2), pages 168-181.
    • Handle: RePEc:eee:telpol:v:40:y:2016:i:2:p:168-181
    DOI: 10.1016/j.telpol.2015.11.005
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0308596115001810
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.telpol.2015.11.005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lee, Heejin & Harindranath, G. & Oh, Sangjo & Kim, Dong-Jae, 2015. "Provision of mobile banking services from an actor–network perspective: Implications for convergence and standardization," Technological Forecasting and Social Change, Elsevier, vol. 90(PB), pages 551-561.
    2. Xia, Jun, 2012. "Competition and regulation in China's 3G/4G mobile communications industry—Institutions, governance, and telecom SOEs," Telecommunications Policy, Elsevier, vol. 36(7), pages 503-521.
    3. Kshetri, Nir & Palvia, Prashant & Dai, Hua, 2011. "Chinese institutions and standardization: The case of government support to domestic third generation cellular standard," Telecommunications Policy, Elsevier, vol. 35(5), pages 399-412, June.
    4. Young, D. & Borland, R. & Coghill, K., 2010. "An actor-network theory analysis of policy innovation for smoke-free places: Understanding change in complex systems," American Journal of Public Health, American Public Health Association, vol. 100(7), pages 1208-1217.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Băzăvan, Adrian, 2019. "Chinese government's shifting role in the national innovation system," Technological Forecasting and Social Change, Elsevier, vol. 148(C).
    2. Ting Yao & Liangrong Song, 2023. "Fintech and the economic capital of Chinese commercial bank's risk: Based on theory and evidence," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 2109-2123, April.
    3. Ferratti, Gustavo M. & Sacomano Neto, Mario & Candido, Silvio E.A., 2021. "Controversies in an information technology startup: A critical actor-network analysis of the entrepreneurial process," Technology in Society, Elsevier, vol. 66(C).
    4. Xiang Deng & Zhi Huang & Xiang Cheng, 2019. "FinTech and Sustainable Development: Evidence from China Based on P2P Data," Sustainability, MDPI, vol. 11(22), pages 1-19, November.
    5. Xia, Jun, 2017. "China’s telecommunications evolution, institutions, and policy issues on the eve of 5G: A two-decade retrospect and prospect," Telecommunications Policy, Elsevier, vol. 41(10), pages 931-947.
    6. Dandan Dai & Yijia Chen, 2022. "The geography of the fintech industry in China: An analysis of China’s city‐level patenting," Growth and Change, Wiley Blackwell, vol. 53(4), pages 1907-1932, December.
    7. Polasik, Michał & Huterska, Agnieszka & Iftikhar, Rehan & Mikula, Štěpán, 2020. "The impact of Payment Services Directive 2 on the PayTech sector development in Europe," Journal of Economic Behavior & Organization, Elsevier, vol. 178(C), pages 385-401.
    8. Kimani, Danson & Adams, Kweku & Attah-Boakye, Rexford & Ullah, Subhan & Frecknall-Hughes, Jane & Kim, Ja, 2020. "Blockchain, business and the fourth industrial revolution: Whence, whither, wherefore and how?," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    9. Jiao, Zhilun & Shahid, Muhammad Shehryar & Mirza, Nawazish & Tan, Zhixiong, 2021. "Should the fourth industrial revolution be widespread or confined geographically? A country-level analysis of fintech economies," Technological Forecasting and Social Change, Elsevier, vol. 163(C).
    10. Wang, Jing, 2018. "From aperture satellite to "Internet finance": Institutionalization of ICTs in China's financial sector since 1991," Telecommunications Policy, Elsevier, vol. 42(7), pages 566-574.
    11. Pham Phat Tien & Nguyen Thi Huyen My, 2023. "Performance measurement for fintech company," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 13(1), pages 169-184.
    12. Hanafizadeh, Payam & Khosravi, Bayan & Badie, Kambiz, 2019. "Global discourse on ICT and the shaping of ICT policy in developing countries," Telecommunications Policy, Elsevier, vol. 43(4), pages 324-338.
    13. Payam Hanafizadeh & Mojdeh Gerami Amin, 2023. "The transformative potential of banking service domains with the emergence of FinTechs," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(3), pages 411-447, September.
    14. Coffie, Cephas Paa Kwasi & Hongjiang, Zhao, 2023. "FinTech market development and financial inclusion in Ghana: The role of heterogeneous actors," Technological Forecasting and Social Change, Elsevier, vol. 186(PA).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lin, Trisha T.C., 2012. "Market competitiveness of mobile TV industry in China," Telecommunications Policy, Elsevier, vol. 36(10), pages 943-954.
    2. Kwak, Jooyoung & Lee, Heejin & Chung, Do Bum, 2012. "The evolution of alliance structure in China’s mobile telecommunication industry and implications for international standardization," Telecommunications Policy, Elsevier, vol. 36(10), pages 966-976.
    3. Wu, Richard W.S. & Leung, Grace L.K., 2012. "Implementation of three network convergence in China: A new institutional analysis," Telecommunications Policy, Elsevier, vol. 36(10), pages 955-965.
    4. Kim, Dong-hyu & Lee, Heejin & Kwak, Jooyoung & Seo, DongBack, 2014. "China׳s information security standardization: Analysis from the perspective of technical barriers to trade principles," Telecommunications Policy, Elsevier, vol. 38(7), pages 592-600.
    5. Yu, Jiang & Zhang, Yue & Gao, Ping, 2012. "Examining China's technology policies for wireless broadband infrastructure," Telecommunications Policy, Elsevier, vol. 36(10), pages 847-857.
    6. Zhang, Jing & Liang, Xiong-jian, 2012. "Promoting green ICT in China: A framework based on innovation system approaches," Telecommunications Policy, Elsevier, vol. 36(10), pages 997-1013.
    7. Michael Murphree & Dan Breznitz, 2018. "Indigenous digital technology standards for development: The case of China," Journal of International Business Policy, Palgrave Macmillan, vol. 1(3), pages 234-252, December.
    8. Hu, Hanhui & Wan, Xing & Lv, Kui & Xu, Min, 2012. "Mapping China's 3G market with the strategic network paradigm," Telecommunications Policy, Elsevier, vol. 36(10), pages 977-988.
    9. Shim, Yongwoon & Shin, Dong-Hee, 2016. "Neo-techno nationalism: The case of China’s handset industry," Telecommunications Policy, Elsevier, vol. 40(2), pages 197-209.
    10. Kshetri, Nir, 2017. "The evolution of the internet of things industry and market in China: An interplay of institutions, demands and supply," Telecommunications Policy, Elsevier, vol. 41(1), pages 49-67.
    11. Xia, Jun, 2017. "China’s telecommunications evolution, institutions, and policy issues on the eve of 5G: A two-decade retrospect and prospect," Telecommunications Policy, Elsevier, vol. 41(10), pages 931-947.
    12. Kshetri, Nir, 2016. "Institutional and economic factors affecting the development of the Chinese cloud computing industry and market," Telecommunications Policy, Elsevier, vol. 40(2), pages 116-129.
    13. Vialle, Pierre & Song, Junjie & Zhang, Jian, 2012. "Competing with dominant global standards in a catching-up context. The case of mobile standards in China," Telecommunications Policy, Elsevier, vol. 36(10), pages 832-846.
    14. Kolloch, Michael & Dellermann, Dominik, 2018. "Digital innovation in the energy industry: The impact of controversies on the evolution of innovation ecosystems," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 254-264.
    15. Mikołaj Borowski-Beszta & Anna Kiermas, 2019. "The Usage Of Mobile Banking Applications In Poland: Empirical Results," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 8(1), pages 9-25.
    16. Ehrenhard, Michel & Wijnhoven, Fons & van den Broek, Tijs & Zinck Stagno, Marc, 2017. "Unlocking how start-ups create business value with mobile applications: Development of an App-enabled Business Innovation Cycle," Technological Forecasting and Social Change, Elsevier, vol. 115(C), pages 26-36.
    17. Lima, Jinyang & Nama, Changi & Kimb, Seongcheol, 2012. "A new regional classification for mobile telecommunications diffusion policy in China: Using the innovation and imitation coefficients," 23rd European Regional ITS Conference, Vienna 2012 60358, International Telecommunications Society (ITS).
    18. Yang, You-hong & Gao, Ping & Zhou, Haimei, 2023. "Understanding the evolution of China's standardization policy system," Telecommunications Policy, Elsevier, vol. 47(2).
    19. Laura E Tate, 2013. "Growth-Management Implementation in Metropolitan Vancouver: Lessons from Actor-Network Theory," Environment and Planning B, , vol. 40(5), pages 783-800, October.
    20. Rahman, Syed Abidur & Taghizadeh, Seyedeh Khadijeh & Ramayah, T. & Alam, Mirza Mohammad Didarul, 2017. "Technology acceptance among micro-entrepreneurs in marginalized social strata: The case of social innovation in Bangladesh," Technological Forecasting and Social Change, Elsevier, vol. 118(C), pages 236-245.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:telpol:v:40:y:2016:i:2:p:168-181. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/30471/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.