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

PurposeWomen'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...

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Bibliographic Details
Published inInternational journal of social economics Vol. 50; no. 8; pp. 1085 - 1104
Main Authors Hasan, Rashedul, Ashfaq, Muhammad, Parveen, Tamiza, Gunardi, Ardi
Format Journal Article
LanguageEnglish
Published Bradford Emerald Publishing Limited 04.08.2023
Emerald Group Publishing Limited
Subjects
Angel investors
Banks
Cognition & reasoning
Collateral
Cost control
Customers
Debt financing
Digital literacy
Entrepreneurs
Equity financing
Financial inclusion
Financial institutions
Financial literacy
Financial services
Gender pay gap
Literacy
Literature reviews
Low income groups
Millennials
Money laundering
Peer review
Rural areas
Women
Women owned businesses
United States > US
Women
M14
O14
Fintech
G53
Financial inclusion
Entrepreneurs
Digital financial literacy
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Summary:PurposeWomen'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/approachThe authors perform a cross-sectional analysis of 144 countries using the World Bank Global Findex Database.FindingsThis 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 implicationsThe 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/valueThe authors explore the impact of digital financial literacy on women's financial inclusion. Such evidence is rare in the existing literature.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-04-2022-0277
ISSN:0306-8293
1758-6712
DOI:10.1108/IJSE-04-2022-0277