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Assessing the Integrated Role of IT Governance, Fintech, and Blockchain in Enhancing Sustainability Performance and Mitigating Organizational Risk

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Listed:
  • Faozi A. Almaqtari

    (Department of Accounting and Finance, College of Business Administration, A’Sharqiyah University (ASU), Ibra 400, Oman
    Department of Accounting, Hodeidah University, Hodeidah 1814, Yemen)

  • Ali Thabit Yahya

    (Department of Management Information System, Aljand University for Science and Technology, Taiz 00967, Yemen)

  • Nahad Al-Maskari

    (Finance Department, A’Sharqiyah University (ASU), Ibra 400, Oman)

  • Najib H. S. Farhan

    (Faculty of Business Studies, Arab Open University, Riyadh 11681, Saudi Arabia)

  • Al-Muaayad Yaqoob Yahya Al-Aamri

    (Alizz Islamic Bank, Muscat 112, Oman)

Abstract

In a digitalized business, blockchain technology, fintech, AI, and IT governance are crucial for reducing risks and aligning with organizational goals. IT governance ensures smooth and efficient adoption of fintech solutions and AI. Blockchain introduces trust and security through smart contracts, enhancing sustainability performance. Thus, in today’s rapidly evolving digital environment, the integration of these technologies has become critical to organizational resilience in the long-term. The present study aims to explore how the integrated role of IT governance, fintech, and blockchain technologies can enhance sustainability practices to mitigate organizational risks. The study utilized a questionnaire survey to assess the impact of IT governance, fintech, and blockchain technologies on sustainability performance in Oman. The sample included commercial, industrial, and service companies, including banks. A non-probability sampling approach, including convenience and snowball sampling, was used. Software tools such as SPSS and Smart PLS were used to estimate quantitative data analysis and structural modeling results. The study concludes that IT governance dimensions alone have an insignificant impact on sustainability. Importantly, the integrated effect of IT governance (alignment, policies, and committees) improves sustainability. The results also report that IT governance significantly enhances fintech adoption, but it has an insignificant influence on blockchain adoption in organizations. The results reveal that the respondents perceive that sustainability is positively and significantly improved by IT governance strategic alignment and the steering committee. The study offers a unique perspective on the impact of blockchain, IT governance, and fintech technologies on sustainability, filling existing literature gaps and urging policymakers to achieve the Omani Vision 2040.

Suggested Citation

  • Faozi A. Almaqtari & Ali Thabit Yahya & Nahad Al-Maskari & Najib H. S. Farhan & Al-Muaayad Yaqoob Yahya Al-Aamri, 2025. "Assessing the Integrated Role of IT Governance, Fintech, and Blockchain in Enhancing Sustainability Performance and Mitigating Organizational Risk," Risks, MDPI, vol. 13(6), pages 1-27, May.
    • Handle: RePEc:gam:jrisks:v:13:y:2025:i:6:p:105-:d:1667486
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    References listed on IDEAS

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    1. V.G. Venkatesh & K. Kang & B. Wang & R.Y. Zhong & A. Zhang, 2020. "System Architecture for Blockchain Based Transparency of Supply Chain Social Sustainability," Post-Print hal-04457147, HAL.
    2. Syaiful Ali & Peter Green, 2012. "Effective information technology (IT) governance mechanisms: An IT outsourcing perspective," Information Systems Frontiers, Springer, vol. 14(2), pages 179-193, April.
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