ESG INNOVATION AS A COMPETITIVE ADVANTAGE: A COMPARATIVE STUDY OF STATE-OWNED VS PRIVATE BANKS ; ИННОВАЦИИ В ОБЛАСТИ ESG КАК ИСТОЧНИК КОНКУРЕНТНОГО ПРЕИМУЩЕСТВА: СРАВНИТЕЛЬНОЕ ИССЛЕДОВАНИЕ ГОСУДАРСТВЕННЫХ И ЧАСТНЫХ БАНКОВ ; ESG INNOVATSIYASI RAQOBAT USTUNLIGI MANBAI SIFATIDA: DAVLAT VA XUSUSIY BANKLAR MISOLIDA QIYOSIY TADQIQOT
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| Titel: | ESG INNOVATION AS A COMPETITIVE ADVANTAGE: A COMPARATIVE STUDY OF STATE-OWNED VS PRIVATE BANKS ; ИННОВАЦИИ В ОБЛАСТИ ESG КАК ИСТОЧНИК КОНКУРЕНТНОГО ПРЕИМУЩЕСТВА: СРАВНИТЕЛЬНОЕ ИССЛЕДОВАНИЕ ГОСУДАРСТВЕННЫХ И ЧАСТНЫХ БАНКОВ ; ESG INNOVATSIYASI RAQOBAT USTUNLIGI MANBAI SIFATIDA: DAVLAT VA XUSUSIY BANKLAR MISOLIDA QIYOSIY TADQIQOT |
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| Autoren: | Jalalov, Mashkhurbek, Джалалов , Машхурбек |
| Quelle: | Advanced Economics and Pedagogical Technologies; Vol. 2 No. 6 (2025): Advanced Economics and Pedagogical Technologies; 33-47 ; Передовая экономика и педагогические технологии; Том 2 № 6 (2025): Передовая экономика и педагогические технологии; 33-47 ; Ilgʻor iqtisodiyot va pedagogik texnologiyalar; Jild 2 № 6 (2025): Ilg'or iqtisodiyot va pedagogik texnologiyalar; 33-47 ; 3060-4842 ; 10.60078/3060-4842-2025-vol2-iss6 |
| Verlagsinformationen: | Shafi Science Center Ltd |
| Publikationsjahr: | 2025 |
| Schlagwörter: | ESG innovation, competitive advantage, state-owned banks, private banks, sustainable finance, resource-based view, Central Asia, green fintech, dynamic capabilities, ESG-инновации, конкурентное преимущество, государственные банки, частные банки, устойчивое финансирование, ресурсно-ориентированный подход, Центральная Азия, зелёный финтех, динамические способности, ESG innovatsiyasi, raqobat ustunligi, davlat banklari, xususiy banklar, barqaror moliya, resursga asoslangan yondashuv, Markaziy Osiyo, yashil fintech, dinamik imkoniyatlar |
| Beschreibung: | This study investigates the role of ESG-driven innovation as a strategic source of competitive advantage in the banking sector, with a comparative focus on state-owned and private banks across emerging and developed markets. Drawing on the Resource-Based View and Dynamic Capabilities theory, it develops a novel ESG Innovation Index that captures the depth and integration of sustainability technologies, such as AI-based ESG analytics, carbon tracking platforms, and digital reporting systems into core banking functions. Using a panel dataset of 68 banks from Central Asia and benchmark economies (2015–2024), the study employs fixed-effects and system GMM models to assess the impact of ESG innovation on profitability (ROA, ROE), operational efficiency, market share, and investor attractiveness. Results reveal that ESG innovation significantly enhances financial and operational performance, while the magnitude of its impact is substantially higher among private banks. The findings highlight that ownership structure moderates the innovation–performance nexus, with private banks leveraging technological agility for greater returns, whereas state-owned banks tend to pursue compliance-oriented sustainability agendas. The research contributes to strategic management and sustainable finance literature by framing ESG innovation as a contingent dynamic capability and offers policy insights for regulators seeking to balance innovation incentives across ownership types. ; В статье исследуется роль инноваций, основанных на принципах ESG, как стратегического источника конкурентного преимущества в банковском секторе, с акцентом на сравнительный анализ государственных и частных банков в развивающихся и развитых экономиках. Опираясь на ресурсно-ориентированный подход и теорию динамических способностей, разработан новый Индекс ESG-инноваций, отражающий глубину и степень интеграции устойчивых технологий таких как аналитика ESG на основе искусственного интеллекта, платформы учёта углеродных выбросов и цифровые системы отчётности в ... |
| Publikationsart: | article in journal/newspaper |
| Dateibeschreibung: | application/pdf |
| Sprache: | English |
| Relation: | https://sci-p.uz/index.php/aept/article/view/3237/3028 |
| DOI: | 10.60078/3060-4842-2025-vol2-iss6-pp33-47 |
| Verfügbarkeit: | https://sci-p.uz/index.php/aept/article/view/3237 https://doi.org/10.60078/3060-4842-2025-vol2-iss6-pp33-47 |
| Rights: | https://creativecommons.org/licenses/by/4.0 |
| Dokumentencode: | edsbas.5E77FE6D |
| Datenbank: | BASE |
Nájsť tento článok vo Web of Science | Abstract: | This study investigates the role of ESG-driven innovation as a strategic source of competitive advantage in the banking sector, with a comparative focus on state-owned and private banks across emerging and developed markets. Drawing on the Resource-Based View and Dynamic Capabilities theory, it develops a novel ESG Innovation Index that captures the depth and integration of sustainability technologies, such as AI-based ESG analytics, carbon tracking platforms, and digital reporting systems into core banking functions. Using a panel dataset of 68 banks from Central Asia and benchmark economies (2015–2024), the study employs fixed-effects and system GMM models to assess the impact of ESG innovation on profitability (ROA, ROE), operational efficiency, market share, and investor attractiveness. Results reveal that ESG innovation significantly enhances financial and operational performance, while the magnitude of its impact is substantially higher among private banks. The findings highlight that ownership structure moderates the innovation–performance nexus, with private banks leveraging technological agility for greater returns, whereas state-owned banks tend to pursue compliance-oriented sustainability agendas. The research contributes to strategic management and sustainable finance literature by framing ESG innovation as a contingent dynamic capability and offers policy insights for regulators seeking to balance innovation incentives across ownership types. ; В статье исследуется роль инноваций, основанных на принципах ESG, как стратегического источника конкурентного преимущества в банковском секторе, с акцентом на сравнительный анализ государственных и частных банков в развивающихся и развитых экономиках. Опираясь на ресурсно-ориентированный подход и теорию динамических способностей, разработан новый Индекс ESG-инноваций, отражающий глубину и степень интеграции устойчивых технологий таких как аналитика ESG на основе искусственного интеллекта, платформы учёта углеродных выбросов и цифровые системы отчётности в ... |
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| DOI: | 10.60078/3060-4842-2025-vol2-iss6-pp33-47 |