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1 – 4 of 4Salma Okasha, Heba Ali and Amira Tarek
This study aims to investigate the nexus between corporate sustainability performance, Fintech and COVID-19 by examining how COVID-19 has impacted Fintech firms’ environmental…
Abstract
Purpose
This study aims to investigate the nexus between corporate sustainability performance, Fintech and COVID-19 by examining how COVID-19 has impacted Fintech firms’ environmental, social and governance (ESG) performance. The study further examines the long-term effects on ESG performance post-pandemic, to shed more light on the persistence of firms’ commitment towards sustainability in a post-pandemic world.
Design/methodology/approach
The sample includes all Fintech firms listed in the STOXX Global FinTech Index over the period 2014–2023. Fixed-effects regression analyses are conducted to examine this relationship, controlling for other firm characteristics. To further ensure results validity, the two-stage least squares estimation method is also used.
Findings
This paper find that Fintech firms exhibit better ESG/pillar performance during COVID-19, supporting the view that firms tend to maintain or enhance their sustainability practices. Interestingly, the findings also reveal that Fintech firms could maintain and even improve their ESG/pillar performance after the pandemic, indicating that these changes are lasting, not merely short-term adaptations during the hard times of the crisis.
Practical implications
For practitioners and firms, the results allow for a better understanding of Fintech firms’ tendency towards sustainability practices, especially in a post-pandemic world. For investors, the findings help get insights into the drivers of the sustainability behavior of Fintech firms in response to the pandemic.
Originality/value
To the best of the authors’ knowledge, this paper is one of the first attempts to investigate how COVID-19 affects Fintech firms’ engagement in sustainability/ESG activities to extend both the increasingly growing literature on sustainability and the literature that focuses on Fintech and its role in a today’s world.
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Salma Ali, Heba Ali and Amira Tarek
This study aims at investigating the nexus between stock misvaluation, Fintech and COVID-19 via identifying the firm-level misvaluation of Fintech firms, and additionally…
Abstract
Purpose
This study aims at investigating the nexus between stock misvaluation, Fintech and COVID-19 via identifying the firm-level misvaluation of Fintech firms, and additionally examining how the COVID-19 pandemic has affected this misvaluation. This study further examines how the level of stock misvaluation has changed after the COVID-19 pandemic to shed more light on the pricing behavior of Fintech in a post-pandemic world.
Design/methodology/approach
The sample consists of all Fintech firms listed in the STOXX Global Fintech Index over the period (2014–2023). To empirically identify stock misvaluation, the authors apply the widely used approach of Rhodes-Kroph et al. (2005). Then, a series of fixed-effects regressions is conducted to investigate the impact of the COVID-19 pandemic on mispricing.
Findings
This study finds compelling evidence that Fintech stocks tend to be particularly mispriced during the COVID-19 pandemic. This evidence suggests that investors became more attracted to Fintech stocks, as being exposed to widespread adoption, usage and investment worldwide during the pandemic. Interestingly, the findings show that Fintech firms remain overvalued, even after the pandemic, which indicates that investors maintain their positive expectations for Fintech firms after the COVID-19 pandemic.
Practical implications
For investors and fund managers, the observed high valuation in the Fintech sector highlights its noticeable growth in the financial industry. The results also suggest that the impact of the COVID-19 pandemic on pricing behavior is asymmetric across the undervalued and overvalued Fintech stocks. This finding provides important insights for portfolio construction and investment strategies during the hard times of pandemics.
Originality/value
No previous work has been done on the effects of the COVID-19 pandemic on the prevailing levels of mispricing in Fintech stocks. Moreover, the findings provide novel insights into the pricing efficiency in the context of Fintech and extend the understanding of the long-term effects on Fintech firms in a post-pandemic world.
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The aim of the present paper to compare the cleaning treatments of paper samples exposed to artificial aging, toluene and isopropyl alcohol gel in cleaning wax stains.
Abstract
Purpose
The aim of the present paper to compare the cleaning treatments of paper samples exposed to artificial aging, toluene and isopropyl alcohol gel in cleaning wax stains.
Design/methodology/approach
In total, paper samples were made from wood pulp. They had a deterioration phenomenon represented in the stains of the paraffin wax, so two types of cleaning were used: A traditional method using a toluene solution and another new method using isopropanol gel by a cotton swap in a circular movement until the completion of the cleaning process. Then, all paper samples were treated with toluene and isopropanol to handle the second artificial aging and detect how the samples were affected by artificial aging. For identifying the efficacy of these materials in removing paraffin wax stains, a range of examinations and analyses were used, such as universal serial bus, scanning electron microscope, infrared analysis (IR), pH analysis, color change analysis. Moreover, these results were compared with the standard sample’s results.
Findings
The results of examinations and analyses proved that the use of toluene affected the paper samples. Their effects were twice as weak, fragile and degraded paper fibers compared to isopropanol gel. Therefore, the isopropanol gel is preferred for paper cleaning to the toluene solution.
Originality/value
This paper highlights the efficiency of isopropyl alcohol gel in cleaning wax stains from historical paper supports.
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