Finance 5.0, Digital Financial Inclusion, and Carbon Footprint: Evidence From a Multi-Country Panel Using Threshold Models
Yazarlar (1)
Prof. Dr. Utku ALTUNÖZ Sinop Üniversitesi, Türkiye
| Makale Türü |
Özgün Makale
(SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale)
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| Dergi Adı | Business Strategy and the Environment (Q1) | ||
| Dergi ISSN | 0964-4733 Dergi Bilgileri (2026) | ||
| Dergi Tarandığı Indeksler | SSCI | ||
| Makale Dili | Türkçe | Basım Tarihi | 06-2026 |
| Kabul Tarihi | 15-05-2026 | Yayınlanma Tarihi | 07-06-2026 |
| Cilt / Sayı / Sayfa | – / 1 / – | DOI | 10.1002/bse.71077 |
| Makale Linki | https://doi.org/10.1002/bse.71077. | ||
| UAK Araştırma Alanları |
Enflasyon
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| Özet |
| This study investigates the impact of digital finance and financial inclusion on carbon emissions within a multi‐country panel framework, contributing to the emerging Finance 5.0 literature that links digital transformation with environmental sustainability. Using data for 540 country–year observations, we employ a combination of linear and nonlinear econometric techniques, including panel smooth transition regression (PSTR), common correlated effects (CCE), augmented mean group (AMG), and instrumental‐variable GMM estimators. The results reveal a nonlinear, regime‐dependent relationship between digital finance and carbon emissions. Digital finance increases emissions at low levels of digital penetration but significantly reduces emissions once a critical digitalization threshold is surpassed, confirming “first promote, then inhibit” dynamics. Financial inclusion, by contrast, exhibits a positive and robust effect … |
| Anahtar Kelimeler |
| carbon emissions | cross-sectional dependence | digital finance | Finance 5.0 | financial inclusion | FinTech | green finance | nonlinear threshold models | panel smooth transition regression (PSTR) |
BM Sürdürülebilir Kalkınma Amaçları
| Atıf Sayıları | |
| Web of Science | 1 |
| Scopus | 1 |
| Google Scholar | 1 |