STAP International Journal of Accounting and Business Intelligence

ISSN: 3105-3726

The Impact of Green Innovation on Spain Banks' Sustainability

by 

Hatem Bader Abdallah kouni

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Published: 2024/01/12

Abstract

Banks in Spain are a key pillar of the national economy and face increasing pressure to adopt sustainable practices. This research designs and empirically tests a model to enhance the sustainability of Spanish banks by examining the impact of green innovation on the three pillars of sustainability: environmental, social, and economic. The study’s population comprises all 187 members of the Spanish Fintech and Insurtech Association (AEFI), from which a sample was chosen using a probabilistic sampling technique. Data was collected via questionnaires and analyzed using Structural Equation Modeling (SEM) with SMART-PLS 4. The findings reveal that green innovation has a significant and positive direct impact on environmental, economic, and social sustainability. This study provides crucial theoretical contributions by validating a model based on Ecological Modernization Theory and the Resource-Based View, and offers practical implications for bank managers, highlighting green innovation as a strategic tool for improving holistic sustainability performance.

Keywords

Green Innovation SustainabilityBanks of Spain.

The Impact of Green Innovation on Spain Banks' Sustainability is licensed under CC BY 4.0CCBY

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