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8. Impact of Fintech Adoption and Green Innovation on Environmental Performance: Mediating Effect of Green Finance

  • 2025
  • OriginalPaper
  • Chapter
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Abstract

This chapter delves into the transformative impact of Fintech adoption on green finance and green innovation, and how these elements collectively influence environmental performance. The study employs a quantitative approach, utilizing regression analysis and structural equation modeling (SEM) to uncover the intricate relationships among these variables. Key findings reveal that Fintech adoption significantly boosts both green finance and green innovation, with path coefficients of 0.967 and 0.858, respectively. However, the direct effect of Fintech adoption on environmental performance is not significant, indicating a more complex interplay mediated primarily through green innovation. The research also explores the role of green innovation as a mediator between Fintech adoption and environmental performance, as well as between green finance and environmental performance. The study concludes that while Fintech adoption strongly influences green finance and green innovation, its impact on environmental performance is largely indirect, underscoring the importance of green innovation in achieving sustainable outcomes. Additionally, the chapter discusses the evolution of green finance in India, highlighting key milestones and the growing importance of Fintech in promoting sustainable financial practices. The findings provide valuable insights for financial institutions and policymakers seeking to enhance their environmental performance through the strategic adoption of Fintech and green innovation.

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Title
Impact of Fintech Adoption and Green Innovation on Environmental Performance: Mediating Effect of Green Finance
Authors
Neha Yadav
Kirti Khanna
Copyright Year
2025
DOI
https://doi.org/10.1007/978-3-031-86236-6_8
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