Fintech and environmental efficiency: The dual role of foreign direct investment in G20 nations.

Autor: Uddin M; School of Economics, Beijing Institute of Technology, Beijing, 100081, China. Electronic address: myneuddinae@gmail.com., Siddik AB; School of Management, University of Science and Technology of China (USTC), Jinzhai Road, Hefei, 230026, China. Electronic address: ls190309@sust.edu.cn., Yuhuan Z; School of Economics, Beijing Institute of Technology, Beijing, 100081, China. Electronic address: zhaoyuhuan@bit.edu.cn., Naeem MA; College of Business and Economics, United Arab Emirates University, PO Box 15551, Al-Ain, United Arab Emirates; Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon. Electronic address: muhammad.naeem@uaeu.ac.ae.
Jazyk: angličtina
Zdroj: Journal of environmental management [J Environ Manage] 2024 Jun; Vol. 360, pp. 121211. Date of Electronic Publication: 2024 May 25.
DOI: 10.1016/j.jenvman.2024.121211
Abstrakt: This study investigates the relationship between financial technology (fintech) and environmental efficiency across G20 countries, emphasizing the moderating effect of foreign direct investment (FDI) from 2010 to 2022. Employing Data Envelopment Analysis (DEA) through both Slack-Based Measure (SBM) and Epsilon-Based Measure (EBM), alongside Tobit regression and the Generalized Method of Moments (GMM) for analytical rigor, the research reveals that fintech exerts a positive influence on environmental efficiency within these countries. Furthermore, it demonstrates that FDI contributes to enhancing environmental efficiency. However, when FDI is combined with fintech investments, it yields a negative impact. This detrimental effect stems from FDI's emphasis on short-term gains, rapid expansion, and a globally oriented supply chain that favors cost efficiency at the expense of sustainability. The study highlights the necessity for investments in fintech that comply with environmental standards and offers policy recommendations to improve environmental efficiency. It urges policymakers to promote environmentally sustainable investment practices within the fintech sector to aid in achieving sustainable development goals.
Competing Interests: Declaration of competing interest The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
(Copyright © 2024 The Authors. Published by Elsevier Ltd.. All rights reserved.)
Databáze: MEDLINE
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