Impact of Financial Inclusion on Economic Growth in Secular and Religious Countries

Ozili, Peterson K; Lay, Sok Heng; Syed, Aamir Aijaz

doi:10.2139/ssrn.4338410

Cited by 3 publications

(1 citation statement)

References 59 publications

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“…The World Bank introduced financial inclusion as a global development agenda in the first decade of the 21st century to increase citizens' participation in the formal financial sector of their countries and to improve their economic well-being in response to the demonstrations against the austerity policies pursued by the World Bank/ International Monetary Fund toward developing and developing countries (Ozili, 2020a(Ozili, , 2020b. Ozili et al (2023) investigated the impact of financial inclusion on economic growth in both secular and religious countries. The study provided insights into how religious beliefs and practices may interact with financial inclusion initiatives and affect economic outcomes in different sociocultural contexts.…”

Section: Introductionmentioning

confidence: 99%

Financial inclusion and market-based performance: empirical evidence from Syrian banks

Alomari,

Aladi

2023

JFEP

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Purpose Financial inclusion is considered one of the strategic tools for sustainable development and one of the types of corporate social responsibility disclosures. This study aims to focus on the association between the disclosure of financial inclusion activities and Syrian banking companies’ performance. Design/methodology/approach Different regression models were suggested to examine the hypotheses leading to a better understanding of the relationship between financial inclusion and Syrian banking performance for the period 2005 to 2020 using the STATA 17. Findings The results showed a positive association between financial inclusion disclosure and Syrian bank performance, with low participation in financial inclusion activities (8%). Research limitations/implications The study recommends that the Central Bank of Syria work on developing an index of financial inclusion for the Syrian environment, with the issuance of legislation and laws that obligate all listed banks to disclose their financial inclusion activities as a part of their social responsibility. Originality/value This study incorporates the relationship between the disclosure of financial inclusion activities and the performance of Syrian banking companies, which has been neglected by most studies on financial inclusion. Therefore, this study sheds light on this positive relationship, which could have important repercussions in reviving the deteriorating Syrian economy following the crisis it went through, which, in turn, led to Syria’s high inflation affecting the poor and vulnerable disproportionately.

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Section: Introductionmentioning

confidence: 99%

Financial inclusion and market-based performance: empirical evidence from Syrian banks

Alomari,

Aladi

2023

JFEP

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Mapping the evolution of financial inclusion: a retrospective overview using bibliometric analysis

Suryavanshi,

Chaudhry,

Arora

et al. 2024

GKMC

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Purpose The purpose of this paper is to analyze the existing literature in the domain of financial inclusion and emphasizing forthcoming trends. It examines recent literature while assessing the geographical distribution, identifying well-known authors, publications, journals and keyword occurrences. Design/methodology/approach Based on a scientific search technique, bibliometric analysis in the field of financial inclusion was carried out on a sample of 2,125 Scopus documents for the years 2004–2022. A VOS viewer was used in the study as a tool for performance evaluation and analysis of the science mapping. Findings The bibliometric analysis illustrates that India and the USA are dominating in financial inclusion field with significant contributions. The most well-known authors were Ghosh, S. and Munene, J.C. and International Journal of Social Economics was considered as the best journal. Finally, six prominent clusters were identified through keyword analysis. The major themes revolve around digitalization, economic development, demographic and geographic factors and financial literacy. Practical implications The research helps in providing information for formulating financial inclusion policies for RBI and Government of India. A comprehensive literature assessment is useful for future scholars to develop a solid conceptual framework. This research would help practitioners to formulate strategies for rural population to enhance their earnings, investments and money. Originality/value This study can supply data to describe the framework of earlier financial inclusion studies and provides potential directions for future research.

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Assessing the Role of the Fintech Era on the Banking Stability of an Emerging Economy: Interaction Analysis of the Indian Banking Industry

Syed,

Grima,

Sood

2024

Folia Oeconomica Stetinensia

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Research background The rapid expansion in recent fintech innovations has garnered researchers’ attention to evaluate its influence on the banking industry. Purpose In this quest, the current study conducts an interaction analysis to measure the impact of the fintech era on Indian banking stability. Research methodology S imilarly t o p revious s tudies, w e u se a regression analysis and a Pearson correlation on the transition period of the fintech era to measure the impact of explanatory variables on the outcome variables of the Indian banking industry. Furthermore, as a robustness test, we have also used the Generalised Method of Moments system approach. This enabled us to make comparisons with similar studies. Results Using annual data from 1995 to 2021, the study reveals that, compared to the first fintech era, the second era assisted in reducing NPLs and enhancing financial stability in India. The study concludes that during the second wave of the fintech revolution, through interaction analysis, explanatory variables positively influence banking stability and NPLs. Novelty The current study contributes toward understanding the significance of fintech development from the context of an emerging country. It also helps to interpret the importance of disruptive forces of fintech development in the banking industry.

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Impact of Financial Inclusion on Economic Growth in Secular and Religious Countries

Cited by 3 publications

References 59 publications

Financial inclusion and market-based performance: empirical evidence from Syrian banks

Financial inclusion and market-based performance: empirical evidence from Syrian banks

Mapping the evolution of financial inclusion: a retrospective overview using bibliometric analysis

Assessing the Role of the Fintech Era on the Banking Stability of an Emerging Economy: Interaction Analysis of the Indian Banking Industry

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