نقش فین تک بر شیوه‌های اقتصاد چرخشی برای بهبود عملکرد پایداری

نوع مقاله : مقاله پژوهشی

نویسندگان

1 دانشیار بخش حسابداری و مالی، دانشکده اقتصاد، مدیریت و حسابداری، دانشگاه یزد، یزد، ایران.

2 استادیار گروه حسابداری، دانشگاه قم، قم، ایران

3 دانشجوی کارشناسی ارشد حسابداری، دانشگاه یزد، یزد، ایران

چکیده

شرکتها برای دستیابی به عملکرد پایدار، نیازمند فناوری مالی جدید از جمله فین تک می‌باشند. پدیده فین‌تک باعث توسعه سریع سیستم مالی جهانی شده است. بنابراین با توجه به اهمیت فین تک این پژوهش تأثیر فین تک بر عملکرد پایداری با توجه به نقش میانجی شیوه‌های اقتصاد چرخشی و نقش تعدیلگری دسترسی به منابع مالی و ظرفیت جذب می‌پردازد. این پژوهش از نظر هدف کاربردی و روش توصیفی- پیمایشی می‌باشد. جامعه آماری این پژوهش کلیه کارکنان بانک سامان در اصفهان با تعداد 85 نفر بودند که 80 نفر از آنان از طریق روش نمونه‌گیری غیر تصادفی در دسترس به‌عنوان نمونه انتخاب شدند. به‌منظور گردآوری اطلاعات از پرسش‌نامه استفاده گردید. همچنین برای تجزیه‌وتحلیل داده‌ها از نرم‌افزارهای SPSS و Smart PLS استفاده گردید. یافته‌ها نشان داد که پذیرش فین تک بر عملکرد پایداری و شیوه‌های اقتصاد چرخشی تأثیر مثبت و معنی‌داری دارد و دسترسی به منابع مالی بر شیوه‌های اقتصاد چرخشی و عملکرد پایداری تأثیر مثبت و معنی‌داری دارد . همچنین ظرفیت جذب رابطه مثبتی با عملکرد پایداری دارد و شیوه‌های اقتصاد چرخشی، تأثیر پذیرش فین تک بر عملکرد پایدار و همچنین تأثیر دسترسی به منابع مالی بر عملکرد پایدار را میانجی می‌کند و دسترسی به منابع مالی نقش تعدیل‌کننده در رابطه پذیرش فین‌تک و شیوه‌های اقتصاد چرخشی دارد. ولی ظرفیت جذب رابطه بین عملکرد پایدار و شیوه‌های اقتصاد چرخشی را تعدیل نمی‌کند. براساس نتایج پژوهش، ترکیب پذیرش فین تک، دسترسی به منابع مالی و ظرفیت جذب در بکارگیری شیوه های اقتصاد چرخشی و دستیابی به عملکرد پایدار لازم می باشد.

کلیدواژه‌ها

موضوعات

عنوان مقاله [English]

The role of fintech on circular economy practices to improve sustainability performance

نویسندگان [English]

  • Zohreh Arefmanesh 1
  • Manije Ramshe 2
  • Reza Tabakhi 3
1 Associate Professor, Department of Accounting, Faculty of Economic, Management & Accounting, Yazd University, Yazd, Iran.
2 Assistant Professor, Department of Accounting, University of Qom, Qom, Iran.
3 Master’s student in accounting, Yazd University, Yazd, Iran.
چکیده [English]

Purpose: Achieving sustainable performance is one of the important factors for any firm or organization. Technologies related to the industry can play an important role in the optimal use of resources, thus achieving sustainable business performance. Fintech is a financial innovation that can lead to new business models, applications, processes or products in financial markets and institutions and provide financial services. It has the role of supporting and activating banking and financial services. The circular economy is also linked to various technological developments, including fintech, blockchain technology, artificial intelligence, e-commerce and big data analytics. These technological advances improve the current infrastructure by protecting sustainability goals through innovation. Therefore, the inclusion of circular economy practices is very important, as it can guide managers on how to efficiently use financial resources to enhance the sustainability performance of businesses. Fintech as well as access to financial resources enables firms to manage green supply chains more effectively and implement circular economy practices. In addition, access to financial resources is an important resource for the circular economy. From the dynamic capability perspective, companies and organizations can achieve sustainable performance by using absorptive capacities in circular economy practices. Considering the performance and influence of the banking system in other macro-economic, political and social sectors, any instability, crisis and backwardness in it may lead to fluctuations and disturbances in macro-economic, social and political variables. Therefore, it is very important to emphasize updating and harmonizing it with other departments and checking and ensuring its stability and health.  Also, today's world is changing rapidly, and these changes are the result of new Internet-based technologies, including fintechs. Global investment in financial technology has increased more and, due to these developments in financial and banking systems, almost all major financial institutions are entering this field. Many analysts believe that the future of the banking industry depends on the growth of fintechs. Therefore, currently, investigating the effect of financial technology on the sustainable performance of the bank is one of the concerns of the banking industry. Considering the importance of fintech, this research examines the effect of fintech on sustainable performance with regard to the mediating role of circular economy practices and the moderating role of access to financial resources and absorption capacities. In other words, this research aims to assess the influence of fintech innovations on the circular economy practices and sustainability performance of Saman Bank. Furthermore, the moderating impacts of access to financing and companies’ absorptive capacity are examined.
Methodology: This research is an applied type in terms of purpose and descriptive and survey in terms of the research method. The statistical population of the research is all the employees of Saman Bank in Isfahan City, Saman Bank is the only bank to provide fintech services, so it was selected for a case study. It has 85 employees in Isfahan, but 80 people were selected as a sample using the available sampling method. In this research, the data were collected through questionnaires. The SPSS and Smart PLS software packages were also used for data analysis.
Findings and Discussion: The findings showed that the adoption of fintech has a positive and significant effect on the sustainability performance and circular economy practices, and access to financial resources has a positive and significant effect on the circular economy practices and sustainability performance. Also, absorptive capacity has a positive relationship with sustainability performance, and circular economy practices mediate the effect of fintech adoption on sustainable performance. The effect of access to financial resources on sustainable performance is proved. This access has a moderating role in the relationship between fintech adoption and circular economy practices. But absorptive capacity does not moderate the relationship between sustainable performance and circular economy practices.
Conclusions and Policy Implications: The findings of this study have substantial implications for bank managers in Iran. According to the findings, a combination of fintech, better access to finance, and absorptive capacity is pivotal for enhanced circular economy practices and sustainability performance of banks. Fintech cannot, however, improve the sustainability performance of SMEs on its own. To enhance sustainability performance, SMEs must employ green and circular economy practices and develop dynamic absorptive capacity. Therefore, regulatory bodies in emerging economies must consider integrating technological reforms into their environmental legislation, which will aid in developing crucial mechanisms of incentives and punishments, such as the revocation of company licenses, monetary fines, and carbon tax, in the event of environmental law violations. Lastly, laws and regulations should emphasize the localization of fintech and sustainability goals in accordance with the capabilities and ambitions of individual nations.

کلیدواژه‌ها [English]

  • Fintech adoption
  • access to financial resources
  • absorptive capacity
  • circular economy practices
  • sustainable performance

مراجع

Abareshi, A. & Molla, A. (2013). Greening Logistics and Its Impact on Environmental Performance: An Absorptive Capacity Perspective. Int J Logist Res Appl, 16: 209–226.
Aboelmaged, M. & Hashem, G. (2019). Absorptive Capacity and Green Innovation Adoption in SMEs: The Mediating Effects of Sustainable Organisational Capabilities. J Clean Prod, 220: 853–863.
Anshari, M., Almunawar, MN., Masri, M., & Hamdan. M. (2019). Digital Marketplace and FinTech to Support Agriculture Sustainability. Energy Procedia, 156: 234–238.
Calisto, F., Martin, V., Walter, J. V., & Salomone, R. (2020). A Typology of Circular Economy Discourses: Navigating the Diverse Visions of A Contested Paradigm. Resources, Conservation and Recycling, 161: 1-20.
Cheng, B., Ioannou, I., & Serafeim, G. (2014). Corporate Social Responsibility and Access to Finance. Strateg Manager, 35: 1–23.
Chin, W.W. (1998). The Partial Least Squares Approach to Structural Equation Mdeling. In G. A. Marcoulides (Ed.), Modern Methods for Business Research (pp. 295-336). Mahwah, NJ: Lawrence Erlbaum Associates.
Corrado, G. (2020). Institutional Quality and Access to Financial Services: Evidence from European Transition Economies. Journal of Economic Studies, 47(6): 1363-1376.
Croutzet, A., & Dabbous, A. (2021). Do FinTech Trigger Renewable Energy Use? Evidence from OECD Countries. Renew Energy, 179: 1608-1617.
Delmas, M., Hoffmann, VH., & Kuss, M. (2011). Under the Tip of the Iceberg: Absorptive Capacity, Environmental Strategy, and Competitive Advantage. Bus Soc, 50: 116–154.
Deng, X., Huang, Z., & Cheng, X. (2019). FinTech and Sustainable Development: Evidence from China Based on P2P Data. Sustainability, 11: 1-19.
Dey, PK., Malesios, C., De D., Ibrahim, J., & Rajeev, A. (2020). Circular Economy to Enhance Sustainability of Small and Medium-Sized Enterprises. Bus Strateg Environ, 29: 2145–2169.
Eccles, R.G., Ioannou, I. & Serafeim, G. (2014). The Impact of Corporate Sustainability on Organizational Processes and Performance. Management Science, 60(11): 2835-2857.
Espahbodi, L., Espahbodi, R., Juma, N. & Westbrook, A. Rojas, R. (2018). Sustainability Priorities, Corporate Strategy, and Investor Behavior. Rev Finance Econ, 37(1): 149-167.
Geissdoerfer, M., Savaget, P., Bocken, NM., & Hultink, EJ. (2017). The Circular Economy - A New Sustainability Paradigm?. J Clean Prod, 143: 757-768.
Ghisetti, C, & Montresor S. (2020). On The Adoption of Circular Economy Practices by Small and Medium-Size Enterprises (SMEs): Does “Financing-As-Usual” Still Matter? J Evol Econ, 30: 559–586.
Gholami, M.; Ghafari Ashtiani, P. & Haji, Gh. (2022). Presenting a Model for the Implementation of Fintech in The Banking Industry of Iran. Journal of Financial and Investment Developments, 7(11): 24-46. (In Persian).
Gonçalves, B.d.S.M. Carvalho, F.L.d. & Fiorini, P.d.C. (2022). Circular Economy and Financial Aspects: A Systematic Review of the Literature. Sustainability, 14(5): 1-41.
Hair, JF Jr, Hult, MGT, Ringle, MC, Sarstedt, M, Castillo Apraiz, J, Cepeda Carrion, GA., & Roldan JL. (2019). Manual De Partial Leastsquares Structural Equation Modeling (PLS-SEM), (2nd edn). OmniaScience, Terrassa.
Hammadi, TAI., & Nobanee, H. (2019). FinTech and Sustainability: A Minireview. SSRN Electron J.
Iacovidou, E, Hahladakis JN., & Purnell, P. (2021). A Systems Thinking Approach to Understanding the Challenges of Achieving the Circular Economy. Environ Sci Pollut Res, 28: 24785–24806.
Islam N, Mustafi MAA, Rahman MN, Guang Z., & Siddi, M. (2021). Factors Affecting Customers’ Experience in Mobile Banking of Bangladesh. Glob J Manag Bus Res, 19: 37–49.
Jabbour, CJC., Fiorini, PDC., Ndubisi, NO., Testa, F., & Corsini, F. (2020). Digitally-Enabled Sustainable Supply Chains in the 21st Century: A Review and a Research Agenda. Science of The Total Environment, 725.
Jesus, GMK., Jugend, D., Paes, LAB., & Nodel, N. (2021). Barriers to the Adoption of the Circular Economy in the Brazilian Sugarcane Ethanol Sector. Clean Technol Environ Policy. DOI:10.1007/s10098-021-02129-5
Khan, IS., Ahmad, MO., Majava, J., Ponce, P., & Thomas, G. (2021). Industry 4.0 and Sustainable Development: A Systematic Mapping of Triple Bottom Line, Circular Economy and Sustainable Business Models Perspectives. Journal of Cleaner Production, 297: 1-16
Kirchherr, J., Piscicelli, L., Bour, R., Kostense-Smit, E., Muller, J., Huibrechtse-Truijens, A., & Hekkert, M. (2018). Barriers to the Circular Economy: Evidence from the European Union (EU). Ecol Econ, 150: 264-272.
Leong, K., & Sung, A. (2018). FinTech (Financial Technology): What Is It and How to Use Technologies to Create Business Value in Fintech Way? Int J Innov Manag Technol, 9: 74–78.
Liu, H., Yao, P., & Latif, S. (2022). Impact of Green Financing, Fin-Tech, and Financial Inclusion on Energy Efficiency. EnvironSci Pollut Res, 29: 18955–18966.
Liu, Y., Saleem, S., & Shabbir. (2021). The Relationship between Corporate Social Responsibility and Financial Performance: A Moderate Role of Fintech Technology. Environ Sci Pollut Res, 28: 20174–20187.
Marrucci, L., Daddi, T., & Iraldo, F. (2022). The Circular Economy, Environmental Performance and Environmental Management Systems: The Role of Absorptive Capacity. J Knowl Manag, 26: 2107–2132.
McAdam, R., Miller, K., McMacken, N., & Davies, J. (2010). The Development of Absorptive Capacity-Based Innovation in a Construction SME. Int J Entrep Innov, 11: 231–244.
Morales, V., Ramos, M., & Rojas, R. (2014). Technological Variables and Absorptive Capacity’s Influence on Performance through Corporate Entrepreneurship. Journal of Business Research, 67: 1468-1477.
Moric, I., Jelena, S., Rajka, Đ., Sanja, P., & Đurđica, P. (2020). The Effect of Phases of the Adoption of the Circular Economy on Firm Performance: Evidence from 28 EU Countries. Sustainability 12(6): 1-12.
Moro-Visconti, R., Rambaud, SC., & Pascual, JL. (2020). Sustainability in FinTechs: An Explanation through Business Model Scalability and Market Valuation. Sustainability, 12: 1-24.
Muganyi, T., Yan, L., & Ping, SH. (2021). Green Finance, Fintech and Environmental Protection: Evidence from China. Environ Sci Ecotechnology, 7: 100-120.
Najaf, K., Haj Khalifa, A., Obaid, SM., You, X., & Chang, V. (2023). Does Sustainability Matter for Fintech Firms? Evidence from United States Firms. Compet Rev an Int Bus J, 33: 161–180.
Pizzi, S., Corbo, L., & Caputo, A. (2021). Fintech and SMEs Sustainable Business Models: Reflections and Considerations for a Circular Economy. J Clean Prod, 281.
Ramakrishna, S. (2022). BigTech and FinTech Befriending Circular Economy. In: Springer Nat. Sustain. Community.
Rastgar, A., & Mousavi, M. (2023). Investigating the Effect of Financial Technology and Financial Literacy on Sustainable Performance in Fintech Companies in Tehran Province, 6th International Conference on New Developments in Management, Economics and Accounting, Tehran, https://civilica .com/doc/1861296. (In Persian).
Rialti, R., Marzi, G., Caputo, A., & Mayah KAFerr, M. (2020). Achieving Strategic Flexibility in the Era of Big Data: The Importance of Knowledge Management and Ambidexterity. Manag Decis, 58: 1585–1600.
Rodríguez-Espíndola, O., Cuevas-Romo, A., Chowdhury, S., Díaz-Acevedo, N., Albores, P., Despoudi, Z, Malesios, C., & Dey, P. (2022). The Role of Circular Economy Principles and Sustainable-Oriented Innovation to Enhance Social, Economic and Environmental Performance: Evidence from Mexican SMEs. Int J Prod Econ, 248: 108495.
Rouhani Rad, Sh. (2023). Investigating the Impact of Adopting Financial Technologies (FinTech) on Sustainable Performance with the Mediating Role of Green Finance and Green Innovation in Commercial Banks in Tehran. Green Management and Development, 2(1): 112-127. (In Persian).
Sajadifar, S., Ghane, A., Shalpoush, S. & Davoodabadi, M. (2018). Wastewater Circular Economy Approach in Sustainable Development. Journal of Water and Sustainable Development, 4(2): 1-12. (In Persian).
Siddik, A.B., Yong, L. & Rahman, M.N. (2023). The Role of Fintech in Circular Economy Practices to Improve Sustainability Performance: A Two-Staged SEM-ANN Approach. Environ Sci Pollut Res, 30: 107465–107486.
Shiau, WL., Yuan, Y., Pu, X., Ray, S., & Chen, CC. (2020). Understanding Fintech Continuance: Perspectives from Self-Efficacy and ECT-IS Theories. Ind Manag Data Syst, 120(9): 1659–1689.
Taher Khani, M., Asgari, F., & Taher Puran, F. (2022). Investigating the Effect of Information Technology Integration Capability on Organization Performance with the Mediating Role of Knowledge Absorption and Sharing Capacity. 6th National Congress of Data Analysis in Humanities (In Persian).
Tang, YM., Chau, KY., Fatima, A., Waqas, M., & Zhou, Y. (2022). Industry 4.0 Technology and Circular Economy Practices: Business Management Strategies for Environmental Sustainability. Environ Sci Pollut Res, 29: 49752-49769.
Ullah, F., Degong, M., Anwar, M., Ramesh, A., & Biju Augustine, P. (2021). Supportive Tactics for Innovative and Sustainability Performance in Emerging SMEs. Financ Innov, 7: 1–31.
Vergara, CC., & Agudo, LF. (2021). Fintech and Sustainability: Do They Affect Each Other? Sustainability, 13: 1-19.
Walker, AM., Opferkuch, K., & RoosLindgreen, E. (2022). What is the Relation between Circular Economy and Sustainability? Answers from Frontrunner Companies Engaged with Circular Economy Practices. Circ Econ Sustain, 2: 731–758.
Wu, L., Bai, L., & ChenC, X. (2023). How Does The Development of Fintech Affect Financial Efficiency? Evidence from China. Economic Research-Ekonomska Istraživanja, 36(2): 2980-2998.
سیاست گذاری اقتصادی
دوره 16، شماره 31
شهریور 1403
صفحه 309-344

فایل ها

هم رسانی

ارجاع به این مقاله

آمار