FINTECH AND GREEN ENTREPRENEURSHIP DERIVED ECONOMIC, SOCIAL AND ENVIRONMENTAL (ESE) SUSTAINABILITY IN DEVELOPED ECONOMIES

Authors

  • Dao Quang Thang Vinh University, Vietnam.
  • Nguyen Huu Trinh Ho Chi Minh City University of Industry and Trade, Vietnam.
  • Nguyen Van Tuan Foreign Trade and Technology College, Vietnam. PhD. Candidate, Vinh University, Vietnam.
  • Nguyen Hong Anh Foreign Trade and Technology College, Vietnam.

Keywords:

Fintech; Green Entrepreneurship, Economic, Environmental and Social Sustainability, Developed Countries.

Abstract

This study advances the existing body of knowledge by empirically evaluating the influence of financial technology (fintech) and green entrepreneurship on sustainable development. Specifically, it examines the interrelationship between green entrepreneurship, fintech, and the economic, social, and environmental dimensions of sustainability. To achieve this, panel data from 23 developed nations spanning the period 2000–2021 is analysed using the Driscoll-Kraay standard error method. The results indicate that while fintech positively contributes to environmental and social sustainability, it exerts a detrimental effect on economic sustainability. Conversely, green entrepreneurship is found to foster both environmental and economic sustainability but does not appear to support social sustainability. These findings provide a strategic framework for developed nations to harness fintech and green entrepreneurship, underscoring the need for integrated policy measures across social, environmental, and economic domains to facilitate the attainment of sustainable development goals.

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Published

2024-12-01

Issue

Vol. 16 No. 3 (2024): International Journal of Economics and Financial Studies (IJEFS)

Section

Original Article