Impact Of Financial Innovation Research Articles

The Impact of Financial Innovation on Environmental Protection:Literature Review and Case Study

This study explores the relationship between financial innovation and environmental protection, focusing on how financial innovation can contribute to sustainable development and ecological conservation. Through a comprehensive literature review, this paper identifies various forms of financial innovation, including green finance, socially responsible investing, and impact investing. These have emerged as significant tools in promoting environmental sustainability. The literature suggests that financial innovation plays a crucial role in directing capital towards environmentally friendly projects and companies, thereby reducing the funding of polluting industries. The implementation of green bonds, green banks, and other financial instruments has been instrumental in channeling investments towards renewable energy, clean technology, and other eco-friendly initiatives. These financial mechanisms not only encourage corporate responsibility but also stimulate innovation in clean technologies by providing necessary funding and risk management solutions.The Case study is presented to exemplify the practical application of financial innovation in environmental protection. The case focuses on the development and impact of a green bond issuance by a major financial institution, highlighting the positive environmental outcomes achieved through the financing of specific sustainable projects. The analysis reveals that such financial products have led to measurable reductions in greenhouse gas emissions and improvements in resource efficiency. By synthesizing theoretical insights and empirical evidence, this research contributes to a deeper understanding of the nuanced interplay between finance and environmental preservation, suggesting that financial innovation can be a powerful ally in the global effort toward ecological conservation and sustainable development.

The impact of financial innovations on financial deepening in Africa: implications for household consumption expenditure

The impact of financial innovations on financial deepening in Africa: implications for household consumption expenditure

Unraveling the complexities of financial innovation and digital transformation within banking systems

The objective of this comprehensive review is to examine the intricate relationships among operational efficiency, financial innovation, and digital transformation in the banking sector. Through a systematic literature review spanning from 2000 to 2024, this study synthesizes diverse findings from global scholars. Key findings highlight the interconnectivity of these elements, with AIS adoption improving operational efficiency through data accuracy and timely decision-making. The impact of financial innovation on banking performance is contingent upon regulatory dynamics, emphasizing adaptive strategies. Digital solutions such as big data analytics and blockchain drive socioeconomic progress, bridging gaps in wealth management. Challenges include navigating legacy systems, privacy concerns, and innovation-related risks. Theoretical implications suggest that financial institutions must strategically adopt digital technologies, considering regulatory dynamics and fostering innovation. Robust AIS systems optimize processes, while digital lean operations enhance efficiency. Leveraging digital solutions requires careful consideration of data quality, privacy, and ethical use. The study's importance lies in providing adaptive strategies necessary to manage risks and embrace opportunities in the evolving financial landscape. Ultimately, this study establishes a comprehensive framework for understanding the intricate dynamics of operational efficiency, financial innovation, and digital transformation in modern banking, offering valuable guidance for financial institutions navigating the complexities of the digital era.

Transformations and impacts of financial innovation and the rise of Fintechs in Mexico

Companies require large amounts of capital for the development of their operations; in this scenario, financial planning provides companies with funds to help them in their day-to-day tasks. In this endeavor, a set of technologies have been developed to support financial decision-making. The objective of this research is to analyze the transformations and impact of financial innovation and the rise of Fintech in Mexico. Quantitative research was developed, based on a retrospective and descriptive study, with a bibliometric approach in the databases Google academic, Scielo, Scopus, Dialnet and Redalyc during the period from 1998 to 2024, without language restriction. It offers a look at Mexico's financial system and its evolution, focusing on the public and non-governmental organizations involved. It also shows the purpose of the system, which is to follow the management methods of banks, stock exchanges and credit institutions, and to manage through supervisory, inspection and management bodies. The economic and social impact of Fintech at the national level was analyzed based on traditional economic sectors. This research establishes a financial system composed of organizational structures, legal systems, agencies and inspection bodies that administer, control and manage public funds and money.

The Impact of Financial Innovation on the Stability of the Financial System: An Empirical Analysis Using Virtual Currency as an Example

The Impact of Financial Innovation on the Stability of the Financial System: An Empirical Analysis Using Virtual Currency as an Example

Revolutionizing Banking: The Impact of Financial Innovation

Revolutionizing Banking: The Impact of Financial Innovation

Research on the Impact of Financial Innovation on the Operating Performance of Listed Commercial Banks

Research on the Impact of Financial Innovation on the Operating Performance of Listed Commercial Banks

Capital generates green: Evidence from China's national innovation system policy

A national innovation system (NIS) is instrumental in enhancing a country's innovation potential, with its system effectiveness largely contingent upon the development of financial markets. The impact of financial innovation within the NIS framework has yet to be thoroughly investigated despite this connection. This study exploits a recent policy shock in China that includes financial innovation as part of national supply-side reform. A difference-in-differences analysis reveals that firms in areas with greater financial innovation have exhibited a significant increase in green innovation following this policy. Mechanism analyses show that, after the policy shock, financial innovation has increased firms' long-term loan ratio and credit loan ratio while reducing the cost of debt, thereby improving corporate maturity match and reducing their propensity to resort to short-term debt for long-term investment projects. These results provide novel insight into how NIS-integrated financial innovation enhances system effectiveness and promotes green innovation.

The impact of financial innovation and infrastructure on inbound tourism in Central Asia

This empirical study investigates the effect of financial innovation and infrastructure on inbound tourism in Central Asia, along with trade openness as a control variable. This study developed an infrastructure index for Central Asia comprised of different parameters of infrastructure. The data has been assessed for cross-sectional dependence, unit root and coefficients of parameters were obtained by pooled mean group autoregressive distributed lagged model and simultaneous quantile regression. Results show that financial innovation and trade openness have a significant and positive effect on inbound tourism in the long run whereas infrastructure has an insignificant effect. Dynamic stability analysis confirms that the model of the study is stable and will adjust itself from any imbalance within three years of span. The results of quantile regression highlight that financial innovation is positively associated with tourism development in Central Asia irrespective of quantile (Q25, Q50, Q75). Policy implications are provided based on research findings.

The Impact of Financial Innovation on the Performance - Evidence from the Iraqi Banking System

The aim of this study is to investigate the impact of MMO, ATMs, POS and POC on the financial performance of banks. This study supports Silber's theory of constraint-induced financial innovation. Using data for the period from 2018 to 2022 due to the availability of data and the recent use of innovation tools in Iraq, this study examines the causal impact of innovation on the performance of commercial banks. 6 sample banks make up the study community. Secondary data was collected during the study period from the annual reports of the Iraq Stock Exchange and statistical bulletins of the Central Bank of Iraq (2021). Based on the analysis of the multiple linear regression model, MMO has the greatest impact on the performance of banks (4.195) due to the large volume and value of transactions that the banking sector goes through. Thus, more mobile and electronic banking services should be provided. The use of ATMs, internet banking and proxy banking has a significant positive impact in the short and long term on the bank's performance in Iraq, with the exception of POC and POS according to experimental results.

Financial innovation, government auditing and corporate high-quality development: Evidence from China

Financial innovation has permeated various facets of corporate growth, yet the impact of financial innovation on corporate high-quality development (HQD) remains unclear. Building on the data of A-share listed Chinese manufacturing firms from 2011 to 2020, this study examines the influence of regional financial innovation on corporate HQD with the moderation of government auditing. The research findings indicate that financial innovation promotes corporate HQD. Government auditing amplifies the role of financial innovation in enhancing corporate HQD. The impact of financial innovation on corporate HQD exhibits heterogeneity, and the effects are stronger for firms with higher levels of HQD and SOEs.

The impact of financial innovation, green energy, and economic growth on transport-based CO2 emissions in India: insights from QARDL approach

The impact of financial innovation, green energy, and economic growth on transport-based CO2 emissions in India: insights from QARDL approach

An exploration of the relationship between financial innovation and financial inclusion based on econometric modelling

The purpose of this paper is to explore the relationship between financial innovation and financial inclusion and to conduct an empirical analysis using an econometric modelling approach. By collecting relevant data and applying econometric models, the impact of financial innovation on financial inclusion is investigated. The findings show that financial innovation can promote financial inclusion, including lowering barriers in financial markets and expanding the coverage of financial services. This is important for promoting economic development, reducing poverty and improving the stability of the financial system.

The Impact of Financial Innovation on Stock Market Volatility: An Empirical Analysis

The Impact of Financial Innovation on Stock Market Volatility: An Empirical Analysis

An Empirical Study on the Impact of Financial innovation on High Quality Economic Development

High quality development has become the primary task of building China into a socialist modern country in an all-round way, and the key to high-quality economic development lies in Financial innovation and scientific and technological innovation. Therefore, this paper is committed to studying the relationship between Financial innovation, scientific and technological innovation, and high-quality economic development, and building a variable evaluation system through the entropy method. It uses empirical analysis to study whether Financial innovation can directly promote high-quality economic development, and whether it can promote high-quality economic development by promoting scientific and technological innovation; Finally, corresponding suggestions are proposed based on the results.

Impact of Financial Innovation on Fund Performance: Hedging with Industry ETFs

Impact of Financial Innovation on Fund Performance: Hedging with Industry ETFs

Impact of Financial Innovation on the Business Performance of State-owned Commercial Banks

Impact of Financial Innovation on the Business Performance of State-owned Commercial Banks

The Impact of Financial Innovation on China's Provincial Economic Resilience

Financial innovation's impact on the socio-economic resilience cannot be disregarded in the context of the ongoing pursuit of innovation. This study employs a variety of econometric models, including the moderating effect and the mediating effect, to experimentally assess the relationship between financial innovation and economic resilience. The study's findings show that: financial innovation can significantly boost a province's economic resilience; the proportion of state-owned enterprises mitigates the benefits of financial innovation for economic resilience; and improving industrial structure and market activity are two ways that financial innovation boosts economic resilience. Thus, the research in this paper promotes the understanding of the development effect of financial innovation and provides a reference for the path of economic resilience enhancement.

The Spatial Effect of Financial Innovation on Intellectualized Transformational Upgrading of Manufacturing Industry: An Empirical Evidence from China

Financial innovation is a powerful source to promote the intellectualized transformation and upgrading of the manufacturing industry. At present, the influence mechanism behind the impact of financial innovation on the manufacturing industry is still unclear and lacks quantitative analysis. This paper selects the representative indicators to study the spatial effect of financial innovation on the intelligent transformation and upgrading of the manufacturing industry based on China’s provincial panel data from 2008 to 2019 by using entropy method, the DEA model, and the spatial econometric model. The results show the following: (1) the overall level of the intellectualized transformation and upgrading of the manufacturing industry has gradually improved, but the spatial distribution is uneven, which has a strong spatial correlation with financial innovation; (2) according to the estimation of the spatial Dobbin model, financial innovation has a significant positive spillover effect on the intellectualization of the manufacturing industry, not only in the region in which it is located, but also in adjacent regions, and the former is greater than the latter; (3) consumption demand, capital allocation, and technological innovation are the three main mediating mechanisms. Finally, according to the findings, we put forward some suggestions and conclusions. This paper provides a positive reference for further promoting the intelligent upgrading of the manufacturing industry from the perspective of financial innovation.

Nexus between financial innovations, remittances and credit performance: Evidence from augmented ARDL and nonlinear ARDL

The motivation for this study is to assess the impact of financial innovation and remittances on bank-based financial institutions’ credit performance in Bangladesh for the period 1981–2019. The study applies augmented ARDL (AARDL) and nonlinear ARDL (NARDL) to identify both long-run and short-run effects and directional causality by performing non-granger casualty tests. AARDL confirms the presence of a long-run association between financial innovation, remittance, trade openness, FDI, and credit performance, which is measured by non-performing loans. In the long run, financial innovation and FDI volatility expose a positive link with NPLs, but remittance inflows and trade openness establish a negative association. Asymmetry shocks in financial innovation reveal a positive relationship with credit performance. In contrast, the asymmetric shock of remittance and trade openness unveil a negative tie to credit performance, especially in the long run. Furthermore, directional causality provides evidence to support a feedback hypothesis explaining causality between financial innovation and credit performance, as well as remittance inflows and credit performance. These findings suggest that credit performance is guided by future development in remittances and financial innovation; thus, closer attention from policymakers and financial experts is persistent to capitalize or mitigate the impact of the financial system.