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The Mediating Impact of Organizational Innovation on the Relationship Between Fintech Innovations and Sustainability Performance

Author

Listed:
  • Nashat Ali Almasria

    (Accounting and Finance Department, College of Business Administration, A’Sharqiyah University, P.O. Box 42, Ibra 400, Oman)

  • Zaidoon Alhatabat

    (Accounting Department, Business Faculty, Arab Open University, Amman 11953, Jordan)

  • Diala Ershaid

    (Accounting Department, Business Faculty, Arab Open University, Amman 11953, Jordan)

  • Abdulhadi Ibrahim

    (Accounting and Finance Department, College of Business Administration, A’Sharqiyah University, P.O. Box 42, Ibra 400, Oman)

  • Sajeel Ahmed

    (Business School, University of Bedfordshire, University Square, Luton LU1 3JU, UK)

Abstract

The paper explores the impact of digital payment systems, blockchain technology, and AI/machine learning on innovation and sustainability in financial organizations. As part of the analysis, the study has adopted an explanatory research design and has used SmartPLS in order to analyze the data collected from 230 professionals of different fields through a structured questionnaire. The results show positive effects of digital payment systems and blockchain technology on organizations’ innovations with the impact of digital payments being the most pronounced. Empirical results suggest that these technologies are important to improve sustainability performance, depending on measures of internal consistency and discriminant validity among the proposed constructs. Al, also machine learning, has the highest relevance with environmental sustainability, thereby underlining the importance and work of such measures. Based on the Resource-Based View (RBV) theory, the study also explains the need for the organization to assimilate these innovations to enhance the organizational operations, customer satisfaction, and compliance with the laws. The study highlights fintech’s potential to address environmental issues and enhance societal goals, but geographical limitations may obstruct its transportability.

Suggested Citation

  • Nashat Ali Almasria & Zaidoon Alhatabat & Diala Ershaid & Abdulhadi Ibrahim & Sajeel Ahmed, 2024. "The Mediating Impact of Organizational Innovation on the Relationship Between Fintech Innovations and Sustainability Performance," Sustainability, MDPI, vol. 16(22), pages 1-19, November.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:22:p:10044-:d:1523340
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    References listed on IDEAS

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    9. Fahd Alduais & Jafer Alsawalhah & Nashat A. Almasria, 2023. "Examining the Impact of Corporate Governance on Investors and Investee Companies: Evidence from Yemen," Economies, MDPI, vol. 11(1), pages 1-25, January.
    10. Francisco Isaí Morales-Sáenz & José Melchor Medina-Quintero & Miguel Reyna-Castillo, 2024. "Beyond Data Protection: Exploring the Convergence between Cybersecurity and Sustainable Development in Business," Sustainability, MDPI, vol. 16(14), pages 1-32, July.
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    13. Rana M. Airout & Qasim A. Alawaqleh & Nashat A. Almasria & Fahd Alduais & Sonia Q. Alawaqleh, 2023. "The Moderating Role of Liquidity in the Relationship between the Expenditures and Financial Performance of SMEs: Evidence from Jordan," Economies, MDPI, vol. 11(4), pages 1-22, April.
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    1. Nargis Mohapatra & Mousumi Das & Sameer Shekhar & Rubee Singh & Shahbaz Khan & Lalit Mohan Tewari & Maria João Félix & Gilberto Santos, 2025. "Assessing the Role of Financial Literacy in FinTech Adoption by MSEs: Ensuring Sustainability Through a Fuzzy AHP Approach," Sustainability, MDPI, vol. 17(10), pages 1-28, May.

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