Fintech Firm’s Market Value: The Role of Sustainability and UN Sustainable Goals (SDGs)

Amira Tarek, Salma Ali and Youstina Shawky

Chapter 2 in The Role of Technology and Innovation in Achieving Sustainability:Assessing Benefits and Limitations, 2026, pp 27-56 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This study examines the impact of the corporate sustainability performance and the United Nations (UN) sustainability practices on the market value of financial technology (Fintech) firms using 49 listed firms included in the Nasdaq Financial Technology Index and 173 Fintech companies all over the world included in the STOXX Global Fintech Index from 2015 till 2023. Using dynamic regression models (Generalized Method of Moments [GMM]) to resolve endogeneity and static regression models (fixed effects), the findings of this study reveal that the corporate sustainability performance measured by environmental, social, and governance (ESG) and corporate social responsibility (CSR) committees, in addition to the UN sustainability practices measured by signing United Nation Principles for Responsible Investment (UNPRI) and commitment to sustainable development goals (SDGs), plays a significant positive role in the market value of Fintech firms. This study has important contributions to the nexus between corporate sustainability performance, SDGs, and Fintech firms; based on our research findings, this study also supports the stakeholder and signaling theories.

Keywords: Sustainability; Technology; Innovation; Social Responsibility; CSR; AI; Management; Fintech; Public Health; SDGs (Sustainable Development Goals); Industry 5.0; Blockchain; Epidemic Management Global Security; Emerging Markets (search for similar items in EconPapers)
JEL-codes: M14 O31 Q01 Q55 Q56 (search for similar items in EconPapers)
Date: 2026
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