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Is the sustainability profile of FinTech companies a key driver of their value?

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Is the sustainability profile of FinTech companies a key driver of their value?

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dc.contributor.author Merello Giménez, Paloma es_ES
dc.contributor.author Barbera, Antonio es_ES
dc.contributor.author De la Poza, Elena es_ES
dc.date.accessioned 2022-07-26T18:07:12Z
dc.date.available 2022-07-26T18:07:12Z
dc.date.issued 2022-01 es_ES
dc.identifier.issn 0040-1625 es_ES
dc.identifier.uri http://hdl.handle.net/10251/184792
dc.description.abstract [EN] The digitisation process is affecting all markets and raising consumer awareness about companies' sustainable behaviour. This work studies the effect of the sustainability profile of FinTech companies on the firm (market value and book value) as the factors that add value to investors and motivate their evolution in markets are still unknown. Using the KBW and Nasdaq FinTech Indices, and the NASDAQ Insurance Index (IXIS), we composed a panel of 95 companies over a 10-year period (2010-2019) with economic-financial variables and data about green certificates and sustainability indices. The applied methodology is based on dynamic (GMM-SYS) and static (PCSE) panel data models. Our results show that the market value of FinTech companies is positively driven by an CSR report being issued, the position in the CSR RepTrak, company size and board size. In contrast, the number of green certificates, particularly their position in the Green Ranking, is negatively related to their market value. Surprisingly in the most transparent companies, the direction of the variables effect evidenced for the book value per share is the opposite to market capitalisation. es_ES
dc.description.sponsorship this work has been partially supported by the Spanish Ministry of Science and Innovation under the research project PID2020-117792RA-I00 es_ES
dc.language Inglés es_ES
dc.publisher Elsevier es_ES
dc.relation info:eu-repo/grantAgreement/EIT//APRS0008_2017-2.1.1-652_P066-09 yAREC0017_2017-1.6//Advanced business models for climate- friendly technologies and innovation/ es_ES
dc.relation info:eu-repo/grantAgreement/ASSOCIATION CLIMATE KIC//APRS0007_2016_2.1.1-309_P66-11//BUSINES MODELS FOR CLIMATE TECHNOLOGIES AND INNOVATION/ es_ES
dc.relation.ispartof Technological Forecasting and Social Change es_ES
dc.rights Reconocimiento - No comercial - Sin obra derivada (by-nc-nd) es_ES
dc.subject Sustainability es_ES
dc.subject Fintech es_ES
dc.subject Insurtech es_ES
dc.subject GMM es_ES
dc.subject Panel data es_ES
dc.subject Endogeneity es_ES
dc.subject.classification ECONOMIA FINANCIERA Y CONTABILIDAD es_ES
dc.title Is the sustainability profile of FinTech companies a key driver of their value? es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.1016/j.techfore.2021.121290 es_ES
dc.relation.projectID info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2020-117792RA-I00/ES/DINAMICAS DE DECISION NO RACIONALES: LA ECONOMIA DEL COMPORTAMIENTO EN LA INFORMACION FINANCIERA Y NO FINANCIERA/ es_ES
dc.rights.accessRights Embargado es_ES
dc.date.embargoEndDate 2024-01-31 es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Economía y Ciencias Sociales - Departament d'Economia i Ciències Socials es_ES
dc.contributor.affiliation Universitat Politècnica de València. Instituto Universitario de Matemática Multidisciplinar - Institut Universitari de Matemàtica Multidisciplinària es_ES
dc.description.bibliographicCitation Merello Giménez, P.; Barbera, A.; De La Poza, E. (2022). Is the sustainability profile of FinTech companies a key driver of their value?. Technological Forecasting and Social Change. 174:1-11. https://doi.org/10.1016/j.techfore.2021.121290 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion https://doi.org/10.1016/j.techfore.2021.121290 es_ES
dc.description.upvformatpinicio 1 es_ES
dc.description.upvformatpfin 11 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 174 es_ES
dc.relation.pasarela S\455700 es_ES
dc.contributor.funder EIT es_ES
dc.contributor.funder ASSOCIATION CLIMATE KIC es_ES
dc.contributor.funder Agencia Estatal de Investigación es_ES
dc.subject.ods 08.- Fomentar el crecimiento económico sostenido, inclusivo y sostenible, el empleo pleno y productivo, y el trabajo decente para todos es_ES
dc.subject.ods 10.- Reducir las desigualdades entre países y dentro de ellos es_ES


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