Close menu

SURE

Sunderland Repository records the research produced by the University of Sunderland including practice-based research and theses.

FinTech and economic readiness: Institutional navigation amid climate risks

Ul-Durar, Shajara, Bakkar, Yassine, Arshed, Noman, Naveed, Shabana and Zhang, Beifan (2024) FinTech and economic readiness: Institutional navigation amid climate risks. Research in International Business and Finance, 73. ISSN 0275-5319

Item Type: Article

Abstract

The current climate change is declared as a global boiling point by the UN; businesses are facing increasing costs in maintaining their supply chains and production standards and are being urged to adapt and innovate for environmental transition. With the Industrial Revolution 4.0, FinTech has helped develop households’ and firms’ resilience against climate change. This study explores how businesses use FinTech to increase economic readiness to attract adaptation investments. This study hypothesizes that, at initial levels of businesses, FinTech adoptions are typically targeted
to improve profitability while, as businesses mature, their FinTech adoption shows a transition towards sustainability. Following this, the role of institutions in regulating an ecosystem is to promote sustainable financial innovations. This study employs a 114-country panel data analysis to investigate these dynamics empirically. The estimation using Panel Quantile Regression showed that institutional quality can moderate the U-shaped FinTech adoption and business readiness relationship to expedite the transition under Sustainable Development Goal 9. This research sheds light on the impact of institutional quality on improving businesses’ ability to attract adaptation investments via promoting sustainable innovation. Outcomes offer valuable insights for policymakers, firms, and investors seeking to foster a more resilient economy.

[img]
Preview
PDF
1-s2.0-S0275531924003362-main (1).pdf
Available under License Creative Commons Attribution Non-commercial No Derivatives.

Download (1MB) | Preview

More Information

Related URLs:
Depositing User: Shajara Ul-Durar

Identifiers

Item ID: 18830
Identification Number: https://doi.org/10.1016/j.ribaf.2024.102543
ISSN: 0275-5319
URI: http://sure.sunderland.ac.uk/id/eprint/18830
Official URL: https://www.sciencedirect.com/science/article/pii/...

Users with ORCIDS

ORCID for Shajara Ul-Durar: ORCID iD orcid.org/0000-0001-6574-026X
ORCID for Yassine Bakkar: ORCID iD orcid.org/0000-0002-3392-7174

Catalogue record

Date Deposited: 10 Mar 2025 10:16
Last Modified: 10 Mar 2025 10:30

Contributors

Author: Shajara Ul-Durar ORCID iD
Author: Yassine Bakkar ORCID iD
Author: Noman Arshed
Author: Shabana Naveed
Author: Beifan Zhang

University Divisions

Faculty of Business, Law and Tourism > Sunderland Business School

Subjects

Business and Management > Business and Management

Actions (login required)

View Item (Repository Staff Only) View Item (Repository Staff Only)