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FinTech finance and social-environmental performance around the world

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  • Mertzanis, Charilaos

Abstract

We examine the influence of the country-level value of FinTech finance on social-environmental performance across 58 countries during the period of 2013–2019. Our analysis incorporates additional economic, institutional, and social factors to capture the multifaceted nature of the effect. Our findings reveal a small yet statistically significant positive impact of FinTech finance on social-environmental performance. This effect remains robust across various measures and estimation methods, as well as through sensitivity and endogeneity analyses. While we do not observe nonlinear effects, we do identify lagged effects. Our study contributes to the limited existing literature by utilizing a large sample of countries and employing aggregate values of FinTech finance to predict long-term social-environmental performance. As a result, our findings hold implications for policy considerations.

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  • Mertzanis, Charilaos, 2023. "FinTech finance and social-environmental performance around the world," Finance Research Letters, Elsevier, vol. 56(C).
    • Handle: RePEc:eee:finlet:v:56:y:2023:i:c:s1544612323004798
    DOI: 10.1016/j.frl.2023.104107
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    Cited by:

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    2. Nepal, Rabindra & Zhao, Xiaomeng & Liu, Yang & Dong, Kangyin, 2024. "Can green finance strengthen energy resilience? The case of China," Technological Forecasting and Social Change, Elsevier, vol. 202(C).
    3. Pu, Ganlin & Wong, Wing-Keung & Du, Qiang & Al Shraah, Ata & Alromaihi, Abdullah & Muda, Iskandar, 2024. "Asymmetric impact of natural resources, fintech, and digital banking on climate change and environmental sustainability in BRICS countries," Resources Policy, Elsevier, vol. 91(C).
    4. Arnone, Massimo & Leogrande, Angelo, 2024. "The Sustainability of the Factoring Chain in Europe in the Light of the Integration of ESG Factors," MPRA Paper 121342, University Library of Munich, Germany.
    5. Ul-Durar, Shajara & De Sisto, Marco & Arshed, Noman & Naveed, Shabana & Farooqi, Madiha Rehman, 2024. "FinTech adoption in achieving ecologically sustainable mineral management in Asian OBOR countries – A cross-section and time autoregressive robust analysis," Resources Policy, Elsevier, vol. 91(C).
    6. Li, Aihong & Li, Shuyan & Chen, Shuai & Sun, Xiaoqin, 2024. "The role of Fintech, natural resources, and renewable energy consumption in Shaping environmental sustainability in China: A NARDL perspective," Resources Policy, Elsevier, vol. 88(C).

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