Financial inclusion – does digital financial literacy matter for women entrepreneurs?
International Journal of Social Economics
ISSN: 0306-8293
Article publication date: 14 December 2022
Issue publication date: 4 August 2023
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
Citation
Hasan, R., Ashfaq, M., Parveen, T. and Gunardi, A. (2023), "Financial inclusion – does digital financial literacy matter for women entrepreneurs?", International Journal of Social Economics, Vol. 50 No. 8, pp. 1085-1104. https://doi.org/10.1108/IJSE-04-2022-0277
Publisher
:Emerald Publishing Limited
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