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Growing Science » Authors » Mustafa Mohamed Soumadi

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1.

The effect of financial technology on financial performance in Jordanian SMEs: The role of financial satisfaction Pages 1019-1030 Right click to download the paper Download PDF

Authors: Bashar Younis Alkhawaldeh, Hamzeh Alhawamdeh, Mohammad Abdel Mohsen Al-Afeef, Arkan Walid Al-Smadi, Mohammad Almarshad, Baha Aldeen Mohammad Fraihat, Mustafa Mohamed Soumadi, Maher Nawasra, Alrefai A. Alaa

doi 10.5267/j.uscm.2023.4.020 Crossmark

Keywords: Financial Technology, Financial Performance, Financial Satisfaction, SMEs, PLS-SEM

Abstract:
The research paper investigates the relationship between financial technology (FinTech) adoption, financial satisfaction, and financial performance among consumers in Jordan. The study uses Partial Least Squares-Structural Equation Modeling (PLS-SEM) to analyze data collected from a sample of 500 SMEs in Jordan. The results of the study suggest that FinTech adoption positively affects financial performance, while financial satisfaction mediates the relationship between FinTech adoption and financial performance. The study also found that financial satisfaction has a significant impact on financial performance, suggesting that customers who are satisfied with their financial situation are more likely to achieve better financial performance. In conclusion, the study provides valuable insights into the role of financial satisfaction as a mediator in the relationship between FinTech adoption and financial performance, highlighting the importance of understanding the factors that influence customer satisfaction and the adoption of FinTech services in the financial industry. These findings have implications for financial service providers and policymakers in Jordan, as well as in other countries with similar economic and social conditions, where the adoption of FinTech is rapidly increasing.
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Journal: USCM | Year: 2023 | Volume: 11 | Issue: 3 | Views: 3232 | Reviews: 0

 

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