Institutional theory of financial inclusion

Peterson Ozili

MPRA Paper from University Library of Munich, Germany

Abstract: This article advocates a new addition to the theories of financial inclusion which is the institutional theory of financial inclusion. The case for a new theory arises from the role of institutions or non-market structures in influencing the level of financial inclusion. Postulating an institutional theory of financial inclusion is important due to the need to understand financial inclusion from the context of institutions and non-market structures that people have a great deal of trust in. The institutional theory of financial inclusion has the capacity to generate a wide range of testable hypotheses, and can provide the social scientist with tools that are relevant for understanding the broad spectrum of financial inclusion in society.

Keywords: financial inclusion; institutions; institutional theory; access to finance; non-market structure; culture; unbanked adults; financial exclusion. (search for similar items in EconPapers)
JEL-codes: G21 I31 P37 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ban, nep-cfn, nep-fle, nep-hme, nep-mfd, nep-pay and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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