Akademik Məlumat İdarəetmə Sistemi
Engineering Economics, vol.36, no.4, pp.498-515, 2025 (SSCI, Scopus)
The greenwashing problem arises when companies provide misleading information about environmental sensitivity or exaggerate the sensitivity in question. At this point, it is claimed that financial technologies are seen as a solution to greenwashing. However, it is not known how environmentally friendly fintech companies are, in other words, whether fintech activities are a greenwashing problem. In this regard, this study investigates the effects of fintech on the novel load capacity factor to examine whether fintech creates a greenwashing problem for BRICS countries. In doing this, the period of 1992-2021 is analyzed with the quantile-on-quantile technique. According to empirical findings, financial technology activities harm environmental quality. Therefore, it is concluded that companies carrying out fintech activities for BRICS countries cause the greenwashing so the problem of greenwashing hinders fintech's potential contributions to the environment. Based on the findings, policy recommendations are made to audit companies conducting R&D studies on fintech and to penalize companies that make fake reports.