Exploring the Impact of Fintech on ESG (Environmental, Social & Governance) Investments: An Empirical Analysis of Technological Innovations Shaping Sustainable Financial Practices
Published: 2024
Author(s) Name: Vaishnavi Upadhya, Deeksha Bendigeri, Smita Nadiger |
Author(s) Affiliation: KLEs Institute of Management Studies and Research, BVB Campus, Vidyanagar, Hubli, Karnataka, India.
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Abstract
This empirical study investigates the transformative influence of the Fintech on Environmental, Social and Governance (ESG) investments, delving into the intricate relationship between technological innovations and the evolution of sustainable financial practices. Financial technology (Fintech) has revolutionised the financial industry, creating new opportunities and challenges in taking investment decisions. Exploring the impact of Fintech on ESG investment, our study aims to analyse the empirical evidence of technological innovation shaping sustainable financial practices. Objectives include assessing Fintech’s influence on ESG decision-making. Methodology involves quantitative analysis using regression models. Regression analysis is used to identify significant predictors of digital transaction adoption, and structural equation modeling allows for a nuanced exploration of the complex interplay among Fintech and ESG Investments by incorporating the Technology Acceptance Model. Findings reveal a positive correlation between Fintech adoption and ESG performance. Policy implications highlight the need for regulatory frameworks aligning Fintech with sustainable finance goals.
Keywords: Fintech, Environmental, Social and Governance (ESG), Sustainable Finance, Technological Innovations, Investment Decision-Making, Digital Transaction Adoption
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