Authors: Cheng-Yi Lin*, National Taipei University of Education
Topics: Economic Geography, Asia, Urban Geography
Keywords: Fintech, Blockchain, Regional diversification, Governance, institutional entrepreneurship
Session Type: Paper
Start / End Time: 5:00 PM / 6:40 PM
Room: Blue Room, Omni, East
Presentation File: No File Uploaded
The emergence of internet-based startup companies, product innovation, service innovation, and a series of entrepreneurial activities are planted to drive the new wave of urbanization in the global cities. However, existing research has less been given to the understanding of that how do local and central government facilitate the growth of new startups by leveraging policy interventions and reconfiguring institutional arrangement. This paper aims to explore the spatial-organizational emergence of Taiwan fintech industry through institutional entrepreneurship perspective. In order to interpret the empirical case, this paper uses qualitative methodology to collect in-depth interviews, reports, and field observations. Drawing on the debate of regional diversification theory, this paper argues that fintech industry is deeply influenced by state’ governance and tends to build their legitimacy of innovation by clustering in Taipei. For supporting the fintech industry development, the state uses transplantation strategy to build local institutional environment. Instead, fintech industry actors use exaptation strategy to build trans-sectoral project implement. Finally, Taiwan case implies an alternative experience of second-tier finance center which is central to respond to the discussion of start-up urbanism.