Exploring the Impact of Financial Technology on the Sustainable Development of Enterprises

School of Accounting, Jiangxi University of Finance and Economics, Nanchang, China

^* Corresponding author: 2202301975@stu.jxufe.edu.cn

Abstract

In recent years, the rapid development of financial technology (Fintech) has aroused extensive attention in academic circles regarding its relationship with sustainable development. Most studies have empirically confirmed that Fintech plays a significantly positive role in sustainable development, providing important references for subsequent academic exploration and the promotion of sustainable development through Fintech in practice. However, existing studies still have obvious limitations, such as the one-sidedness caused by data sources mostly concentrating on specific regions or industries, and the neglect of key variables like policy interventions and cultural differences. This paper systematically sorts out relevant literature, focusing on elaborating the achievements and progress of Fintech in three major sustainable development fields: economic development, social progress, and environmental protection. It reveals its core mechanism of action — reducing information asymmetry and transaction costs through technical means, while broadening investment channels to increase capital input in sustainable fields. On this basis, this paper deeply analyzes the deficiencies of existing studies and provides targeted ideas and potential directions for future exploration of the specific application paths and impact mechanisms of Fintech in corporate sustainable development.