作者：Fernando Úbeda, Alvaro Mendez*, Francisco Javier Forcadell
期刊：Finance Research Letters
Lack of access to banking generates inequality in the developing world; therefore, financial inclusion is a crucial objective of the Sustainable Development Goals. We investigate the impact of sustainable practices of multinational banks (MNBs) on financial inclusion. A sample of 275 MNBs, 16 developing countries, and 16,618 individuals yield robust evidence confirming the positive effect of such practices on financial inclusion. Specifically, we find that as MNBs become sustainable, the use of mobile banking intensifies. This finding is consequential because mobile banking is one of the most powerful means to achieve financial inclusion in the developing world.
Úbeda, F., Mendez, A., Forcadell,F.J. (2022). The sustainable practices of multinational banks as drivers of financial inclusion in developing countries. Finance Research Letters, doi: 10.1016/j.frl.2022.103278