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

Úbeda, Fernando, Mendez, Alvaro ORCID: 0000-0002-0919-5081 and Martínez, Francisco Javier Forcadell (2023) The sustainable practices of multinational banks as drivers of financial inclusion in developing countries. Finance Research Letters, 51. ISSN 1544-6123

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Abstract

Lack of access to banking generates inequality in the developing world; therefore, financial inclusion is a crucial objective of the Sustainable Development Goals. We investigate the impact of sustainable practices of multinational banks (MNBs) on financial inclusion. A sample of 275 MNBs, 16 developing countries, and 16,618 individuals yield robust evidence confirming the positive effect of such practices on financial inclusion. Specifically, we find that as MNBs become sustainable, the use of mobile banking intensifies. This finding is consequential because mobile banking is one of the most powerful means to achieve financial inclusion in the developing world.

Item Type:	Article
Official URL:	https://www.sciencedirect.com/journal/finance-rese...
Additional Information:	© 2022 The Authors
Divisions:	International Relations
Subjects:	J Political Science > JZ International relations H Social Sciences > HG Finance
JEL classification:	G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages G - Financial Economics > G2 - Financial Institutions and Services > G20 - General 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 G - Financial Economics > G0 - General > G00 - General Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q0 - General > Q01 - Sustainable Development
Date Deposited:	02 Sep 2022 11:24
Last Modified:	18 Nov 2024 08:00
URI:	http://eprints.lse.ac.uk/id/eprint/116428

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