Top

Published in:

2023 | OriginalPaper | Chapter

5. From Theory to Practice: Discussion and Managerial Implications

Authors : Egidio Palmieri, Enrico Fioravante Geretto

Published in: Adapting to Change

Publisher: Springer Nature Switzerland

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

Abstract

This chapter, ‘From Theory to Practice: Discussion and Managerial Implications’, explores the impact of financial technology in banking also looking at ESG (Environmental, Social, and Governance) factors. The chapter evaluates the effect of FinTech on bank-firm relationships, especially in credit risk assessment, revealing a tendency for banks to favour firms with efficient FinTech interactions and robust environmental practices. The text explores the intricate connection between firms’ characteristics and financial terms, drawing attention to FinTech’s long-term impact on interest rates and capital structure. It unravels challenges encountered by banks with FinTech, including the ability to maintain close associations and conduct thorough due diligence. The work highlights the importance of reliable ESG metrics and unbiased FinTech algorithms. Finally, this chapter proposes a research programme that concentrates on interdisciplinary studies and creating predictive models to support financial institutions with strategic ESG compliance. It also emphasizes the need for a balance between quantitative and qualitative approaches to comprehend fully the impact of FinTech on banking.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

previous chapter Empirical Evidence on the Trinomial Bank-Firm Relationship, ESG, and Alternative Finance

next chapter Conclusion

Ayadi, R., & Shaban, M. (2020). Digital financial inclusion: A pillar of resilience amidst Covid-19. EMEA policy paper.

Chen, Z., & Xie, G. (2022). ESG disclosure and financial performance: The moderating role of ESG investors. International Review of Financial Analysis, 83, 102291.CrossRef

Hornuf, L., Klus, M. F., Lohwasser, T. S., & Schwienbacher, A. (2021). How do banks interact with fintech startups? Small Business Economics, 57, 1505–1526.CrossRef

Kim, C. H., Amaeshi, K., Harris, S., & Suh, C. J. (2013a). CSR and the national institutional context: The case of South Korea. Journal of Business Research, 66(12), 2581–2591.

Kim, J., Chung, S., & Park, C. (2013b). Corporate social responsibility and financial performance: The impact of the MSCI ESG ratings on Korean firms. Journal of the Korea Academia-Industrial Cooperation Society, 14(11), 5586–5593.CrossRef

Kim, S., & Li, Z. (2021). Understanding the impact of ESG practices in corporate finance. Sustainability, 13(7), 3746.CrossRef

Korschun, D., Bhattacharya, C. B., & Swain, S. D. (2014). Corporate social responsibility, customer orientation, and the job performance of frontline employees. Journal of Marketing, 78(3), 20–37.CrossRef

Lee, K. H., & Kim, J. W. (2009). Current status of CSR in the realm of supply management: The case of the Korean electronics industry. Supply Chain Management: An International Journal, 14(2), 138–148.CrossRef

Lee, S. M., Kim, J., Choi, Y., & Lee, S. G. (2009). Effects of IT knowledge and media selection on operational performance of small firms. Small Business Economics, 32, 241–257.

Lin, L., Hung, P. H., Chou, D. W., & Lai, C. W. (2019a). Financial performance and corporate social responsibility: Empirical evidence from Taiwan. Asia Pacific Management Review, 24(1), 61–71.CrossRef

Lin, K., Kabel, A., Parker, S., & Joye, C. (2019b). Are ESG alpha and beta benefits in corporate bonds a mirage? Available at SSRN 3352950.

Liu, F. H., Norden, L., & Spargoli, F. (2020). Does uniqueness in banking matter? Journal of Banking & Finance, 120, 105941.CrossRef

Mackey, A. (2005a). How much do CEOS influence firm performance-really? Available at SSRN 816065.

Mackey, J. B. (2005b). International corporate social responsibility: Assessing United States-based multinationals’ location and globalization of operations (Doctoral dissertation, The Pennsylvania State University).

Margolis, J. D., Elfenbein, H. A., & Walsh, J. P. (2009). Does it pay to be good... and does it matter? A meta-analysis of the relationship between corporate social and financial performance. And does it matter.

Meles, A., Salerno, D., Sampagnaro, G., Verdoliva, V., & Zhang, J. (2023). The influence of green innovation on default risk: Evidence from Europe. International Review of Economics & Finance, 84, 692–710.CrossRef

Melinda, A., & Wardhani, R. (2020). The effect of environmental, social, governance, and controversies on firms’ value: Evidence from Asia. In Advanced issues in the economics of emerging markets (Vol. 27, pp. 147–173). Emerald Publishing Limited.

Nirino, N., Miglietta, N., & Salvi, A. (2020). The impact of corporate social responsibility on firms’ financial performance, evidence from the food and beverage industry. British Food Journal, 122(1), 1–13.CrossRef

Nollet, J., Filis, G., & Mitrokostas, E. (2016). Corporate social responsibility and financial performance: A non-linear and disaggregated approach. Economic Modelling, 52, 400–407.CrossRef

Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003). Corporate social and financial performance: A meta-analysis. Organization Studies, 24(3), 403–441.CrossRef

Palmieri, E., Ferilli, G. B., Stefanelli, V., Geretto, E. F., & Polato, M. (2023). Assessing the influence of ESG score, industry, and stock index on firm default risk: A sustainable bank lending perspective. Finance Research Letters, 57, 104274.CrossRef

Plumlee, M., Brown, D., Hayes, R. M., & Marshall, R. S. (2015). Voluntary environmental disclosure quality and firm value: Further evidence. Journal of Accounting and Public Policy, 34(4), 336–361.CrossRef

Qian, K., Shi, B., Song, Y., & Wu, H. (2023). ESG performance and loan contracting in an emerging market. Pacific-Basin Finance Journal, 78, 101973.CrossRef

Russo, M. V., & Fouts, P. A. (1997). A resource-based perspective on corporate environmental performance and profitability. Academy of Management Journal, 40(3), 534–559.CrossRef

Salama, A., Anderson, K., & Toms, J. S. (2011). Does community and environmental responsibility affect firm risk? Evidence from UK panel data 1994–2006. Business Ethics: A European Review, 20(2), 192–204.CrossRef

Schueffel, P. (2021). DeFi: Decentralized finance-An introduction and overview. Journal of Innovation Management, 9(3), I–XI.

Title: From Theory to Practice: Discussion and Managerial Implications
Authors: Egidio Palmieri
Enrico Fioravante Geretto
Publisher: Springer Nature Switzerland
Book: Adapting to Change
Print ISBN: 978-3-031-50264-4

Electronic ISBN: 978-3-031-50265-1

Copyright Year: 2023
DOI: https://doi.org/10.1007/978-3-031-50265-1_5