各國金融科技發展投資程度與其相關因素之比較研究

金融科技的發展在過去十幾年間發展蓬勃，然而國際在對於金融科技的研究方向上局限於金融科技的採用度與發展現況，對於投資程度的研究較少。因此，本文以新科技採用模型及總體經濟的角度分別從各國Hofstede文化維度中的權力距離、個體主義及不確定性迴避、金融科技成熟度和監理沙盒的數量五個維度來探究其對於投資程度的影響。通過對2017年至2022年之間28個國家的金融科技投資的進行線性回歸分析，本研究證實了個體主義、高度不確定性迴避、高金融科技成熟度對於投資程度的正向作用，因監理沙盒數量結果不顯著，故針對8個特定國家進行質化研究，補充各國監理沙盒特性。最後，研究反思了在實證中採用數據庫、設置被解釋變數的合理性，據此提出了未來研究方向。

關鍵字

金融科技；文化維度；國際金融科技指數；監理沙盒；風險投資

並列摘要

The development of financial technology has flourished in the past ten years. However, the international research direction of financial technology is limited to the adoption and development status of financial technology, and there is little research on the degree of investment. Therefore, from the perspective of the new technology adoption model and the overall economy, this paper explores its impact on investment from the five dimensions of power distance, individualism and uncertainty avoidance, financial technology maturity and the number of supervision sandboxes in the Hofstede cultural dimension of each country. degree of influence. Using linear regression analysis of fintech investments in 28 countries between 2017 and 2022, this study confirms the positive effect of individualism, high uncertainty avoidance, and high fintech maturity The results of the number of sandboxes were not significant, so a qualitative study was conducted on 8 specific countries to supplement the characteristics of each country's supervision sandbox. Finally, the research reflects the rationality of using the database and setting explained variables in the empirical research, and proposes the future research direction accordingly.