West Science Social and Humanities Studies
Vol. 4 No. 04 (2026): West Science Social and Humanities Studies

The Influence of Green Fintech Adoption and ESG Awareness on the Financial Performance of Startups in West Java

Arifin, Hasmia Melati (Unknown)
Nurhasanah, Dila Padilah (Unknown)
Andiani, Paramita (Unknown)



Article Info

Publish Date
30 Apr 2026

Abstract

This study investigates the effect of green fintech adoption and ESG (Environmental, Social, and Governance) awareness on the financial performance of startups in West Java. A quantitative research design was employed using primary data collected from 85 startup actors through structured questionnaires measured on a five-point Likert scale. Data analysis was conducted using SPSS version 25, including validity and reliability testing, classical assumption tests, and multiple linear regression analysis. The results indicate that green fintech adoption has a positive and significant effect on financial performance, suggesting that the use of environmentally oriented financial technologies enhances operational efficiency and financial outcomes. ESG awareness also demonstrates a positive and significant influence, indicating that startups with stronger sustainability orientation achieve better financial results. Simultaneously, both variables significantly affect financial performance, with a coefficient of determination (R²) of 0.543, meaning that 54.3% of the variance in financial performance is explained by the model. These findings highlight the strategic importance of integrating digital financial innovation with sustainability awareness to achieve sustainable financial growth in startups.

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Journal Info

Abbrev

wsshs

Publisher

Subject

Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Public Health Social Sciences

Description

West Science Social and Humanities Studies is an academic journal that focuses on interdisciplinary research in the fields of social science, science, and humanities studies. The journal aims to present high-quality articles that make significant contributions to our understanding of society, ...