Fintech adoption and sustainable deployment of natural resources: Evidence from mineral management in Brazil
Article
Raihan, Asif, Atasoy, Filiz Guneysu, Coskun, Mehmet Burhanettin, Tanchangya, Tipon, Rahman, Junaid, Ridwan, Mohammad, Sarker, Tapan, Elkassabgi, Ahmed, Atasoy, Murat and Yer, Huseyin. 2024. "Fintech adoption and sustainable deployment of natural resources: Evidence from mineral management in Brazil." Resources Policy. 99. https://doi.org/10.1016/j.resourpol.2024.105411
| Article Title | Fintech adoption and sustainable deployment of natural resources: Evidence from mineral management in Brazil |
|---|---|
| ERA Journal ID | 4127 |
| Article Category | Article |
| Authors | Raihan, Asif, Atasoy, Filiz Guneysu, Coskun, Mehmet Burhanettin, Tanchangya, Tipon, Rahman, Junaid, Ridwan, Mohammad, Sarker, Tapan, Elkassabgi, Ahmed, Atasoy, Murat and Yer, Huseyin |
| Journal Title | Resources Policy |
| Journal Citation | 99 |
| Article Number | 105411 |
| Number of Pages | 9 |
| Year | 2024 |
| Publisher | Elsevier |
| Place of Publication | United Kingdom |
| ISSN | 0301-4207 |
| 1873-7641 | |
| Digital Object Identifier (DOI) | https://doi.org/10.1016/j.resourpol.2024.105411 |
| Web Address (URL) | https://www.sciencedirect.com/science/article/pii/S0301420724007785 |
| Abstract | This research aims to investigate the influence of FinTech implementation on responsible mineral resources management in Brazilian economy. For the study purposes it has utilized data set from 1990 to 2022 and for data analysis the autoregressive distributed lag (ARDL) approach has been used. The results show cointegration correlation between FinTech adoption, investment in eco-friendly mining, government funding for FinTech in the mining industry, environmental compliance, technological readiness, and sustainable mineral extraction. The result shows that a 1% increase in FinTech adoption and technology infrastructure readiness would improve sustainable mineral management by 0.01% and 0.03% respectively. However, a 1% increase in the government funding for FinTech in the mining industry, environmental compliance, and investments in sustainable mining technology adversely affect sustainable mineral management by 0.2%, 0.1%, and 0.1% over the long term. The finding provides insight about how variables may affect sustainable mining policies in the future. FinTech adoption and technology flexibility are expected to have a favorable impact on natural resources. This research offers important insights for using natural resources responsibly in the shift to Industry 4.0 by utilizing FinTech and technological readiness in Brazil. |
| Keywords | Sustainable development; Natural resources; Financial technology; Environmental policy; Technology adoption; Sustainable mineral management |
| Contains Sensitive Content | Does not contain sensitive content |
| ANZSRC Field of Research 2020 | 350202. Finance |
| Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
| Byline Affiliations | National University of Malaysia |
| University of the Ozarks, United States | |
| Osmaniye Korkut Ata University, Turkey | |
| University of Chittagong, Bangladesh | |
| Noakhali Science and Technology University, Bangladesh | |
| School of Business | |
| Arkansas Tech University, United States | |
| University of Connecticut, United States |
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