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The sustainable practices of multinational banks as drivers of financial inclusion in developing countries

Úbeda, Fernando, Mendez, Alvaro ORCID: 0000-0002-0919-5081 and Forcadell, Francisco Javier (2022) The sustainable practices of multinational banks as drivers of financial inclusion in developing countries. Working paper series, 8 (1). LSE Global South Unit, London, UK.

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Abstract

Lack of access to banking is a major problem that contributes to inequality in the developing world. For this reason, financial inclusion is a crucial objective of the Sustainable Development Goals (SDGs). In this study, we investigate the impact of the sustainable practices of multinational banks (MNBs) on financial inclusion. Drawing from a sample of 24 developing countries and 28,089 individuals, we obtain robust evidence about the positive effect of sustainable practices on financial inclusion. We find that MNBs increase the use of mobile bank accounts in the developing world. We also find that when these MNBs follow sustainable practices, the use of mobile bank accounts positively intensifies. These findings are consequential because mobile banking is one of the most powerful means to achieve financial inclusion in the developing world.

Item Type: Monograph (Working Paper)
Official URL: https://www.lse.ac.uk/international-relations/cent...
Additional Information: © 2022 The Authors
Divisions: International Relations
IGA: LSE IDEAS
Subjects: H Social Sciences > HG Finance
H Social Sciences > HC Economic History and Conditions
JEL classification: G - Financial Economics > G0 - General > G00 - General
G - Financial Economics > G2 - Financial Institutions and Services > G20 - General
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q0 - General > Q01 - Sustainable Development
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q56 - Environment and Development; Environment and Trade; Sustainability; Environmental Accounting; Environmental Equity
D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Date Deposited: 09 May 2022 12:51
Last Modified: 20 Sep 2022 23:12
URI: http://eprints.lse.ac.uk/id/eprint/115063

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