Faculty of Business, Liwa College of Technology, Abu Dhabi, UAE.
Department of Accounting and Finance, School of Business, Monash University, Subang Jaya, Malaysia.
Environ Sci Pollut Res Int. 2023 Apr;30(20):58855-58865. doi: 10.1007/s11356-023-26530-3. Epub 2023 Mar 31.
This study investigates the moderating role of environmental disclosures on the market performance of 48 Fintech and 140 non-Fintech firms during the pandemic using data from 2011 to 2022. Ordinary least squares and correlations were used for data analysis. The study's first finding revealed that Fintech firms had a better environmental performance (78.4%) than non-Fintech firms during the pandemic. The study's second finding indicated that environmental disclosures are crucial for shareholders and contributed almost 10.2% to the Fintech firms' market performance during the pandemic. This study's contribution is significant in enhancing the understanding of the shareholders' sensitivity towards sustainability disclosures during financial crisis. The findings of this study are essential for policymakers, start-up entrepreneurs, and shareholders.
本研究使用 2011 年至 2022 年的数据，调查了环境披露在新冠疫情期间对 48 家金融科技公司和 140 家非金融科技公司的市场表现的调节作用。使用了普通最小二乘法和相关性进行数据分析。研究的第一个发现表明，在疫情期间，金融科技公司的环境绩效（78.4%）要好于非金融科技公司。研究的第二个发现表明，环境披露对股东至关重要，在疫情期间对金融科技公司的市场表现贡献了近 10.2%。本研究的贡献在于增强了对股东在金融危机期间对可持续性披露的敏感性的理解。本研究的结果对政策制定者、初创企业家和股东都具有重要意义。
