The Impact of Financial Technology on the Financing of Small and Medium-Sized Enterprises by Banks (Case Study: Small and Medium-Sized Enterprises in Karaj)
Keywords:
Financial technology, Financing, Small and medium-sized enterprisesAbstract
It has now been established that small and medium-sized enterprises (SMEs) play a significant role in job creation, providing a conducive environment for innovation, and utilizing small-scale financial resources. Given the importance of these enterprises in the country and the shortage of financial resources—which can ultimately weaken their performance—addressing the issue of SME financing is deemed essential. Accordingly, the purpose of the present study is to examine the impact of financial technology on the financing of SMEs by banks. From the perspective of its objective, this research is applied in nature, and in terms of data collection method, it is descriptive-correlational, employing regression testing and structural equation modeling. The statistical population comprises 460 SMEs in the city of Karaj, from which a sample of 210 enterprises was selected based on the Morgan table. Ultimately, to increase confidence in the research results, 420 questionnaires were distributed among company managers and deputies, given their relative familiarity with the research variables. Data were analyzed using SPSS 26 and Smart PLS 3 software. The results indicated that the dimensions of financial technology—namely mobile banking, electronic services, and internet banking—positively influence the financing of SMEs. Furthermore, financial technology alone has a substantial impact on SME financing, with the magnitude of this effect measured at 76%.
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