Fintech innovation in green finance: A disruptive force or a complementary tool?

IF 5.6 2区经济学 Q1 BUSINESS, FINANCE

International Review of Economics & Finance Pub Date : 2025-09-26 DOI:10.1016/j.iref.2025.104658

Fengsheng Chien , Yunqian Zhang , Muhammad Sadiq

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Abstract

This study deeply analyses the key role of FinTech in promoting the development of the green finance market through multiple econometric models. The study finds that FinTech significantly improves the transparency and efficiency of green finance market, especially in countries with developed economies and sound regulatory environments. The study reveals the important role played by FinTech in emerging markets, alleviating the structural challenges of green finance development by improving access to funds and enhancing risk management. The study also finds that, although FinTech promotes the development of green finance in various markets, the risks it brings are significantly different for developed and emerging markets. This paper not only verifies the positive impact of FinTech on green finance market but also provides empirical evidence for global policymakers to formulate differentiated strategies, emphasizing the importance of local regulatory and policy support for the integrated development of FinTech and green finance.

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绿色金融中的金融科技创新：颠覆性力量还是互补工具？

本研究通过多种计量模型深入分析了金融科技在促进绿色金融市场发展中的关键作用。研究发现，金融科技显著提高了绿色金融市场的透明度和效率，特别是在经济发达、监管环境良好的国家。该研究揭示了金融科技在新兴市场中发挥的重要作用，通过改善融资渠道和加强风险管理，缓解了绿色金融发展的结构性挑战。研究还发现，尽管金融科技在各个市场促进了绿色金融的发展，但其带来的风险在发达市场和新兴市场之间存在显著差异。本文不仅验证了金融科技对绿色金融市场的积极影响，也为全球决策者制定差异化战略提供了经验证据，强调了地方监管和政策支持对金融科技与绿色金融融合发展的重要性。

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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来源期刊

International Review of Economics & Finance Multiple-

CiteScore

7.30

自引率

2.20%

发文量

253

期刊介绍： The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.