TY - JOUR
T1 - FINTECH AND FINANCIAL SECTOR PERFORMANCE IN SAUDI ARABIA
T2 - AN EMPIRICAL STUDY
AU - Al-Matari, Ebrahim Mohammed
AU - Mgammal, Mahfoudh Hussein
AU - Senan, Nabil Ahmed Mareai
AU - Kamardin, Hasnah
AU - Alruwaili, Talal Fawzi
N1 - Publisher Copyright:
© 2023 The Authors.
PY - 2023
Y1 - 2023
N2 - Globally, the Fintech industry has grown in importance as a means of staying ahead of changes in the financial sector. This study aims to assess the influence of Fintech on Saudi Arabia‘s finan-cial corporate performance. The sample of the study is the financial service industry comprising banks and insurance companies. Data are gathered from the annual reports and DataStream for the years from 2014 to 2021. Banks and insurance companies make up the bulk of the financial ser-vices industry, which serves as a good representative sample. The associations between the in-dependent and dependent variables in five models are examined using ordinary least squares (OLS) and feasible generalized least squares (FGLS) regressions. The results reveal that Fintech has a positive impact on corporate performance. The results of additional tests are consistent with the main findings. We contributed to the literature and associated theories by shedding light on the impact of fintech on the financial sector. The findings have ramifications for a wide range of parties. Researchers can utilize the study and findings to learn more about Fintech in the context of Saudi Arabia, which stands for the Gulf region and the Arab World.
AB - Globally, the Fintech industry has grown in importance as a means of staying ahead of changes in the financial sector. This study aims to assess the influence of Fintech on Saudi Arabia‘s finan-cial corporate performance. The sample of the study is the financial service industry comprising banks and insurance companies. Data are gathered from the annual reports and DataStream for the years from 2014 to 2021. Banks and insurance companies make up the bulk of the financial ser-vices industry, which serves as a good representative sample. The associations between the in-dependent and dependent variables in five models are examined using ordinary least squares (OLS) and feasible generalized least squares (FGLS) regressions. The results reveal that Fintech has a positive impact on corporate performance. The results of additional tests are consistent with the main findings. We contributed to the literature and associated theories by shedding light on the impact of fintech on the financial sector. The findings have ramifications for a wide range of parties. Researchers can utilize the study and findings to learn more about Fintech in the context of Saudi Arabia, which stands for the Gulf region and the Arab World.
KW - Fintech
KW - Fintech Score
KW - Performance of Financial Sector
KW - Saudi Arabia Country
UR - http://www.scopus.com/inward/record.url?scp=85159683466&partnerID=8YFLogxK
U2 - 10.22495/jgrv12i2art5
DO - 10.22495/jgrv12i2art5
M3 - Article
AN - SCOPUS:85159683466
SN - 2220-9352
VL - 12
SP - 43
EP - 65
JO - Journal of Governance and Regulation
JF - Journal of Governance and Regulation
IS - 2
ER -
