Does the Inclusive Finance Index really represent the level of inclusive finance? – Evidence from P2P lending market

Xiaojuan Hou and Ming Jin

Economic Analysis and Policy, 2025, vol. 87, issue C, 1482-1500

Abstract: The digital financial inclusion index of Peking University is controversy over the validity. This study uses digital financial inclusion index of Peking University to investigate the impact of digital financial inclusion in the P2P market, exploring the effectiveness of this index in measuring digital financial inclusion. Results show that digital financial inclusion increases personal loan duration, lowers borrowing rates, and improves loan success rates, which reveals the digital financial inclusion index provides borrowers more inclusive financial services and this index is effective in measuring digital inclusive finance. Borrowers who are not-interprovincial migrants, males, younger, and non-government employees experience a broader range of inclusive finance benefits. Mechanism analysis indicates digital financial inclusion affects P2P lending by enhancing regional trust and financial development.

Keywords: Digital financial inclusion; P2P lending; Financial transactions environment (search for similar items in EconPapers)
JEL-codes: D14 D19 G23 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0313592625002875
Full text for ScienceDirect subscribers only

Related works:
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:ecanpo:v:87:y:2025:i:c:p:1482-1500

DOI: 10.1016/j.eap.2025.07.017

Access Statistics for this article

Economic Analysis and Policy is currently edited by Clevo Wilson

More articles in Economic Analysis and Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().