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Does a Link Exist Between Digital Finance, Green Finance, and Social Finance?

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  • Ozili, Peterson K

Abstract

Social finance is an emerging concept that seeks to increase financial flows to activities and projects that improve society and the world while generating financial returns. This chapter examines the link between digital finance, green finance, and social finance. It also explores the empirical link between people's interest in information about these three types of finance. The empirical analyses show a strong positive correlation between people's interest in digital, green, and social finance information. A unidirectional causality exists between interest in social and green finance information. People's interest in social finance information significantly negatively impacts their interest in digital finance information.In contrast, interest in social finance information significantly positively affects green finance information. The findings imply that social finance is linked to digital and green finance. Thus, policymakers should not explore social finance opportunities in isolation. Instead, they should investigate the intersection between digital, green, and social finance.

Suggested Citation

  • Ozili, Peterson K, 2025. "Does a Link Exist Between Digital Finance, Green Finance, and Social Finance?," MPRA Paper 127374, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:127374
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    References listed on IDEAS

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    2. Hilbrich, Sören, 2021. "What is social finance? Definitions by market participants, the EU taxonomy for sustainable activities, and implications for development policy," IDOS Discussion Papers 29/2021, German Institute of Development and Sustainability (IDOS).
    3. Romain Berrou & Philippe Dessertine & Marco Migliorelli, 2019. "An Overview of Green Finance," Palgrave Studies in Impact Finance, in: Marco Migliorelli & Philippe Dessertine (ed.), The Rise of Green Finance in Europe, chapter 0, pages 3-29, Palgrave Macmillan.
    4. Bhutta, Umair Saeed & Tariq, Adeel & Farrukh, Muhammad & Raza, Ali & Iqbal, Muhammad Khalid, 2022. "Green bonds for sustainable development: Review of literature on development and impact of green bonds," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    5. Pierre Bachas & Paul Gertler & Sean Higgins & Enrique Seira, 2018. "Digital Financial Services Go a Long Way: Transaction Costs and Financial Inclusion," AEA Papers and Proceedings, American Economic Association, vol. 108, pages 444-448, May.
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    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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