Women in Fintech: As Leaders and Users

Purva Khera, Ratna Sahay, Sumiko Ogawa, Mahima Vasishth and Ratna Sahay
Additional contact information
Purva Khera: International Monetary Fund
Ratna Sahay: International Monetary Fund
Sumiko Ogawa: International Monetary Fund
Mahima Vasishth: University of California
Ratna Sahay: International Monetary Fund

No 146, NCAER Working Papers from National Council of Applied Economic Research

Abstract: While digital financial services have made access to finance easier, faster, and less costly,helping to broaden digital financial inclusion, its impact on gender gaps varies across countries. Moreover, women leaders in the fintech industry, although growing, remain scarce. This paper explores the interaction between ‘women’ and ‘fintech’ by examining: (i) the role of women leaders on firm-level performance in the fintech industry; and (ii) the determinants of gender gaps in the usage of digital services to better understand the crosscountry differences. Results indicate that greater gender diversity in the executive board is associated with better performance of fintech firms. With regard to determinants of the gender gaps in the usage of digital financial services, we find that higher financial and digital literacy of women is associated with lower gender gaps in digital financial inclusion, and that socio-cultural factors also play a key role.

Keywords: Firm performance; Women leaders; Digital financial inclusion; Financial literacy; Digital literacy (search for similar items in EconPapers)
JEL-codes: G53 J16 L25 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2023-03-02
New Economics Papers: this item is included in nep-ban, nep-cfn, nep-fle, nep-lab, nep-mfd and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:nca:ncaerw:146

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