The influence of fintech and financial knowledge on sustainable business success: exploring the mediating effect of financial accessibility in Indian

Benchmarking: An International Journal Pub Date : 2024-07-09 DOI:10.1108/bij-12-2023-0875

Nenavath Sreenu

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Abstract

PurposeThe present study aims to investigate the effects of sector 4.0 technologies, particularly Financial Technology (Fintech), on Sustainable Business Success (SBS) within the Indian garment sector. It aims to analyse the impact of Fintech Integration (IF) and Extent of Financial Knowledge (EFK) on sustainability performance, with a focus on understanding the mediating effect of Financial Accessibility (FA) in this relationship.Design/methodology/approachThe study utilizes covariance-based structural equation modelling (CB-SEM) to analyse data collected from 683 enterprises in the Indian garment sector. The theoretical frameworks of Ecological Modernization Theory (EMT) and the Resource-Based View are employed to guide the research.FindingsThe investigation reveals that Fintech Integration (IF) and environmental friendliness knowledge significantly impact the promotion and maintenance of sustainability within the Indian garment sector. Moreover, the study highlights the moderating influence of financial Accessibility (FA) on the associations among fintech integration, Extent of Financial Knowledge, and sustainability attainment. Furthermore, sensitivity studies demonstrate that improved financial access positively affects a firm’s sustainability performance.Originality/valueThis study contributes to the existing literature by addressing significant knowledge gaps and offering practical insights for managers and policymakers in the Ready-Made Garments (RMG) industry. It provides a comprehensive approach that integrates fintech and financial expertise to enhance credit accessibility and foster long-term viability for enterprises within the Indian garment sector. The originality lies in its holistic perspective, combining technological integration with the Extent of Financial Knowledge to drive sustainability in a specific industrial context, thus providing valuable guidance for industry stakeholders.

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金融科技和金融知识对企业可持续成功的影响：探索印度金融可及性的中介效应

本研究旨在调查行业 4.0 技术，特别是金融技术（Fintech）对印度服装行业可持续商业成功（SBS）的影响。本研究旨在分析金融技术整合（IF）和金融知识广度（EFK）对可持续发展绩效的影响，重点是了解金融可得性（FA）在这一关系中的中介效应。研究采用基于协方差的结构方程模型（CB-SEM）来分析从印度服装行业 683 家企业收集的数据。研究结果研究结果表明，金融技术整合（IF）和环境友好知识对印度服装行业促进和保持可持续发展具有重要影响。此外，研究还强调了金融可及性（FA）对金融技术整合、金融知识广度和可持续发展实现之间的关联的调节作用。此外，敏感性研究表明，提高金融可及性会对企业的可持续发展绩效产生积极影响。原创性/价值本研究填补了现有文献的重大知识空白，为成衣行业的管理者和政策制定者提供了实用见解。它提供了一种整合金融技术和金融专业知识的综合方法，以提高印度服装行业内企业的信贷可获得性并促进其长期生存能力。其独创性在于它从整体角度出发，将技术整合与金融知识的广度相结合，在特定的行业背景下推动可持续发展，从而为行业利益相关者提供有价值的指导。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Benchmarking: An International Journal

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