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We provide new evidence on the effects of competition on incumbents' innovative behavior by examining the rise of FinTech start-ups over the period 2000-2016. We employ machine learning techniques to classify a large global sample of patent applications into five FinTech categories. We exploit...
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expertise that influence innovation. The relationship between skill and financial innovation, however, is poorly understood in … skills on IFI innovation. The findings indicate that while skill in Islamic finance positively influences innovation, skill …. The results suggest that Islamic financial innovation relies on continuous improvement that sustains markets, product and …
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