Sustainability and trust: financial inclusion in the Global South

Fernando Úbeda, Alvaro Mendez and Francisco Forcadell

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Lack of access to banking and financial services appreciably hinders development, particularly in the global South. For this reason, financial inclusion is a crucial objective of the Sustainable Development Goals. One main barrier to financial inclusion is the lack of trust in banking. From a sample of 40 developing countries and 82,724 individuals, we verify that multinational banks can increase trust in banking by incorporating sustainability criteria into their business model.

Keywords: sustainable banking; finance inclusion; ESG criteria; trust in banking; multinational banks; SDGs (search for similar items in EconPapers)
JEL-codes: G20 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2023
New Economics Papers: this item is included in nep-ban, nep-env, nep-fle, nep-mfd and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:117589

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