Financial inclusion – does digital financial literacy matter for women entrepreneurs?

Rashedul Hasan, Muhammad Ashfaq, Tamiza Parveen and Ardi Gunardi

International Journal of Social Economics, 2022, vol. 50, issue 8, 1085-1104

Abstract: Purpose - Women's financial inclusion has become a global research agenda, and past studies provide mixed evidence on the determinants of financial inclusion among women entrepreneurs across the globe. However, the impact of digital financial literacy on women's financial inclusion has seldom been addressed in the past literature. Design/methodology/approach - The authors perform a cross-sectional analysis of 144 countries using the World Bank Global Findex Database. Findings - This study’s probabilistic regression results indicate that women entrepreneurs with a higher degree of digital financial literacy are more likely to engage in formal banking channels. Practical implications - The study findings have practical implications in terms of allowing regulators and banks to draw effective policies to attract women customers. Lack of effective regulatory intervention could lead to women exploring financial crimes, such as money laundering, due to their lack of involvement with the formal banking channel. Originality/value - The authors explore the impact of digital financial literacy on women's financial inclusion. Such evidence is rare in the existing literature. Peer review - The peer review history for this article is available at:https://publons.com/publon/10.1108/IJSE-04-2022-0277

Keywords: Digital financial literacy; Financial inclusion; Women; Entrepreneurs; Fintech; G53; M14; O14 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijsepp:ijse-04-2022-0277

DOI: 10.1108/IJSE-04-2022-0277

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