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Factors Affecting Individuals to Adopt Green Banking: Empirical Evidence from the UTAUT Model

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Factors Affecting Individuals to Adopt Green Banking: Empirical Evidence from the UTAUT Model


Priya Kumari | Pavnesh Kumar



Priya Kumari | Pavnesh Kumar "Factors Affecting Individuals to Adopt Green Banking: Empirical Evidence from the UTAUT Model" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-4, August 2024, pp.495-503, URL: https://www.ijtsrd.com/papers/ijtsrd67186.pdf

The banking sector increasingly integrates environmental sustainability into its operations through green banking. Green banking aims to reduce the carbon footprint of banking activities, promote sustainable development, and encourage customers to adopt environmentally friendly financial practices. Despite its benefits, individuals' adoption of green banking remains varied. This study uses the Unified Theory of Acceptance and Use of Technology (UTAUT) model, augmented with additional constructs such as environmental concern and trust, this study investigates the factors influencing individuals' adoption of green banking.A quantitative research design was employed, using a structured questionnaire to collect data from a representative sample of banking customers. Structural equation modeling (SEM) was used to analyze the data and test the hypothesized relationships. The findings indicate that effort Expectancy, social influence, facilitating conditions, environmental concerns, and trust significantly influence the adoption of green banking. While Performance Expectancy and Facilitating conditions insignificantly influence the adoption of green banking practices.The study highlights the importance of enhancing the perceived performance and ease of use of green banking services, leveraging social influence, and providing adequate support and infrastructure. Furthermore, promoting environmental responsibility and building trust is essential for encouraging green banking adoption.This research contributes to the existing literature by validating the UTAUT model in the context of green banking, integrating additional factors relevant to environmental sustainability, and helping financial institutions to design targeted strategies to enhance adoption among their customers.

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IJTSRD67186
Volume-8 | Issue-4, August 2024
495-503
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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