The role of artificial intelligence and fintech in promoting eco-friendly investments and non-greenwashing practices in the US market - Archive ouverte HAL
Article Dans Une Revue Journal of Environmental Management Année : 2024

The role of artificial intelligence and fintech in promoting eco-friendly investments and non-greenwashing practices in the US market

Résumé

This study explores the intricate connections among financial technology (FinTech), artificial intelligence (AI), and eco-friendly markets in the US, shedding light on their dynamic interplay and implications for sustainable investment and policy strategies. Specifically, our research delves into the transformative roles of FinTech and AI in broadening financial access, fostering green financing initiatives, and aligning financial practices with environmentally conscious objectives. We also investigate market reactions among the AI, FinTech, non-greenwashing, and eco-friendly markets during exogenous shocks, offering valuable insights into these markets' interconnectedness. An innovative connectedness approach, the R2 decomposed measures, is employed to capture the contemporaneous and lagged spillover effects using daily data from December 19, 2017, to November 1, 2023. We also focus on constructing a minimum connectedness portfolio using the time-varying parameter vector autoregressive approach. The findings reveal significant volatility connectivity within these intergroups, emphasizing the need for sustainable tech finance policies and real-time monitoring systems to address market fluctuations. Overall, this study contributes to an underexplored area by providing empirical evidence and valuable implications for scholars and policymakers, and can help in guiding sustainable investment and policy strategies aligned with zero-emissions agendas.
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Dates et versions

hal-04563905 , version 1 (30-04-2024)

Identifiants

Citer

Kamel Si Mohammed, Vanessa Serret, Sami Ben Jabeur, Haitham Nobanee. The role of artificial intelligence and fintech in promoting eco-friendly investments and non-greenwashing practices in the US market. Journal of Environmental Management, 2024, 359, pp.120977. ⟨10.1016/j.jenvman.2024.120977⟩. ⟨hal-04563905⟩
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