Authors: Cheng-Yi Lin*, National Taipei University of Education
Topics: Asia, Economic Geography, Urban Geography
Keywords: FinTech industry, institutional entrepreneurship, spatial strategies, state, agency
Session Type: Paper
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The emerging industries are the crucial sectors in driving the path creation of urban and regional development. Existing research has paid much attention to the spatial concentrations of startup companies and its path-dependent nature of urban industrial configuration. However, the understanding on the role of the institutional entrepreneurship of an emerging industry in explaining the urban and regional path creation remains less explored. In particular, while the institutional environment in which an emerging industry attaches indeed is challenging the existing incumbent industry regime and state regulation, how does the emerging industry struggle the local disadvantage of a latecomer city from building a series of strategic practices? This paper aims to contribute to exploring the institutional entrepreneurship of the Fintech industry and unpacking inductively their spatial strategies from a latecomer city context. This project develops a meso-level analytic framework to explore the place context-specific influence, strategic practices of institutional entrepreneurship, and spatial strategies of the FinTech industry in the Taipei urban region. Drawing on a qualitative research methodology, this paper based on 30 semi-structural in-depth interviews of the Fintech industry ecology. From a latecomer city context, the case study of Taipei FinTech industry performs the different findings from the self-organization nature of path creation in a Western city context, and Taipei’s place-specific contextual influence on the entrepreneurial agency and the institutional entrepreneurship which is intensely involved with state, institutional entrepreneurs and non-firm actors.