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

Fernando Úbeda, Alvaro Mendez and Francisco Forcadell

Finance Research Letters, 2023, vol. 51, issue C

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.

Keywords: Sustainable banking; Multinational banks; Financial inclusion; Mobile banking; Sustainable development goals (search for similar items in EconPapers)
JEL-codes: D63 G00 G20 G21 Q01 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612322004664
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The sustainable practices of multinational banks as drivers of financial inclusion in developing countries (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:51:y:2023:i:c:s1544612322004664

DOI: 10.1016/j.frl.2022.103278

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().