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The interrelation of criminal compliance, fintech, and corporate ESG

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  • Wang, Jiaqi
  • Yang, Rui

Abstract

With global economic development, corporate criminal compliance and fintech capabilities play an increasingly important role in firms’ Environmental, Social, and Governance (ESG) performance. This paper empirically explores the relationships between criminal compliance, fintech development, and ESG performance using data from 2009 to 2023. The results show that both factors significantly enhance ESG performance. Fintech’s moderating effect on the relation between criminal compliance and ESG is also confirmed, suggesting fintech optimizes compliance management and strengthens corporate social responsibility. Endogeneity is addressed, and fintech’s role under different audit conditions is further analyzed.

Suggested Citation

  • Wang, Jiaqi & Yang, Rui, 2025. "The interrelation of criminal compliance, fintech, and corporate ESG," Finance Research Letters, Elsevier, vol. 85(PC).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pc:s1544612325013662
    DOI: 10.1016/j.frl.2025.108109
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    References listed on IDEAS

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