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

Egidio Palmieri and Enrico Fioravante Geretto ()
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Enrico Fioravante Geretto: University of Udine

Chapter Chapter 4 in Adapting to Change, 2023, pp 97-167 from Palgrave Macmillan

Abstract: Abstract This chapter of the document, ‘Empirical Evidence on the Trinomial Bank-Firm Relationship, ESG, and Alternative Finance’, investigates the impact of FinTech Credit on the financial sector. It examines how FinTech Credit affects financial operations, stability, and borrowing patterns, showing a significant influence that extends over multiple periods. Firms utilizing FinTech Credit display enhanced financial stability and an increased tendency to take on more debt. The study also observes consistent effects of FinTech Credit on interest expenses over time. When exploring the interaction between FinTech Credit and Environmental, Social, and Governance (ESG) factors, the findings reveal a complex relationship. Certain ESG aspects, particularly in environmental and governance, reduce default risk, but their combined effect with FinTech Credit does not consistently enhance benefits. This comprehensive analysis highlights the profound and lasting impact of FinTech Credit in the financial sector, crucial for shaping future financial policies and strategies.

Keywords: FinTech credit; Financial stability; Debt dynamics; Interest expenses; ESG interaction; G23; G01; G32; G21; Q56 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-031-50265-1_4

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DOI: 10.1007/978-3-031-50265-1_4

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