The impact of financial literacy on financial inclusion

Krishna Reddy, Damien Wallace and Nirosha Hewa Wellalage
Additional contact information
Krishna Reddy: Postgraduate Business, Faculty of Business, Design and Service Industries, Toi Ohomai Institute of Technology, Te Pükenga, Rotorua, New Zealand
Damien Wallace: College of Business, Law and Governance, James Cook University, Townsville, QLD, Australia; UniSA Business, University of South Australia, Adelaide, SA, Australia
Nirosha Hewa Wellalage: UniSA Business, University of South Australia, Adelaide, SA, Australia

Australian Journal of Management, 2025, vol. 50, issue 4, 1187-1214

Abstract: Using survey data of owners of micro, small and medium enterprises (MSMEs), we investigate the nexus between financial literacy (FL) and financial inclusion (FI). Furthermore, we examine whether the FL_FI nexus is different by gender. Our results show that FL has statistically significant positive effects on all three dimensions of FI (access, usage and quality). Our findings highlight policy implications for countries desiring to enhance FI by improving the financial literacy and education levels of MSME owners. Furthermore, our findings suggest that targeted financial education programmes result in better outcomes. JEL Classification: G10, G50, G53

Keywords: Female; financial inclusion; financial literacy; New Zealand; micro; small and medium enterprises (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/03128962241270809 (text/html)

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:sae:ausman:v:50:y:2025:i:4:p:1187-1214

DOI: 10.1177/03128962241270809

Access Statistics for this article

More articles in Australian Journal of Management from Australian School of Business
Bibliographic data for series maintained by SAGE Publications ().