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Fintech Firm’s Market Value: The Role of Sustainability and UN Sustainable Goals (SDGs)

In: The Role of Technology and Innovation in Achieving Sustainability Assessing Benefits and Limitations

Author

Listed:
  • Amira Tarek
  • Salma Ali
  • Youstina Shawky

Abstract

This study examines the impact of the corporate sustainability performance and the United Nations (UN) sustainability practices on the market value of financial technology (Fintech) firms using 49 listed firms included in the Nasdaq Financial Technology Index and 173 Fintech companies all over the world included in the STOXX Global Fintech Index from 2015 till 2023. Using dynamic regression models (Generalized Method of Moments [GMM]) to resolve endogeneity and static regression models (fixed effects), the findings of this study reveal that the corporate sustainability performance measured by environmental, social, and governance (ESG) and corporate social responsibility (CSR) committees, in addition to the UN sustainability practices measured by signing United Nation Principles for Responsible Investment (UNPRI) and commitment to sustainable development goals (SDGs), plays a significant positive role in the market value of Fintech firms. This study has important contributions to the nexus between corporate sustainability performance, SDGs, and Fintech firms; based on our research findings, this study also supports the stakeholder and signaling theories.

Suggested Citation

  • Amira Tarek & Salma Ali & Youstina Shawky, 2026. "Fintech Firm’s Market Value: The Role of Sustainability and UN Sustainable Goals (SDGs)," World Scientific Book Chapters, in: David Crowther & Shahla Seifi (ed.), The Role of Technology and Innovation in Achieving Sustainability Assessing Benefits and Limitations, chapter 2, pages 27-56, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819820528_0002
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    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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