Cornelli, Giulio; Dörr, Sebastian; Gambacorta, Leonardo; … - In: Review of finance : journal of the European Finance … 28 (2024) 1, pp. 203-233
Over fifty countries have introduced regulatory sandboxes to foster financial innovation. This article conducts the first evaluation of their ability to improve fintechs’ access to capital and attendant real effects. Exploiting the staggered introduction of the UK sandbox, we establish that...