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Fintech-based financial inclusion and risk-taking of microfinance institutions (MFIs): evidence from sub-saharan Africa

Fintech-based financial inclusion and risk-taking of microfinance institutions (MFIs): evidence from sub-saharan Africa
Fintech-based financial inclusion and risk-taking of microfinance institutions (MFIs): evidence from sub-saharan Africa
Fintech innovations are rapidly transforming the global financial industry and easing the financial inclusion initiatives of microfinance institutions (MFIs). Such technological transformations are expected to promote stability in the financial system and in turn reduce the risk-taking behavior of its main actors. However, there is limited or no empirical evidence to confirm the impact of fintech-based financial inclusion (FinFI) on the risk-taking behavior of Sub-Saharan African MFIs. Thus, we have developed a new index to measure FinFI and empirically assess its role in reducing the risk-taking attitude of MFIs. The validity of our results was confirmed by using various robustness tests.
Financial Inclusion, Sub-saharan africa, financial technology, risk-taking behaviour
1544-6123
Banna, Hasanul
092549e2-fb47-4d22-a408-79729cf4d635
Mia, Md Aslam
dde46642-fd0b-4043-a054-911bce9ec77a
Nourani, Mohammad
1aba95fc-edc3-441d-b1a1-e30b9950455f
Yarovaya, Larisa
2bd189e8-3bad-48b0-9d09-5d96a4132889
Banna, Hasanul
092549e2-fb47-4d22-a408-79729cf4d635
Mia, Md Aslam
dde46642-fd0b-4043-a054-911bce9ec77a
Nourani, Mohammad
1aba95fc-edc3-441d-b1a1-e30b9950455f
Yarovaya, Larisa
2bd189e8-3bad-48b0-9d09-5d96a4132889

Banna, Hasanul, Mia, Md Aslam, Nourani, Mohammad and Yarovaya, Larisa (2021) Fintech-based financial inclusion and risk-taking of microfinance institutions (MFIs): evidence from sub-saharan Africa. Finance Research Letters, [102149]. (doi:10.1016/j.frl.2021.102149).

Record type: Article

Abstract

Fintech innovations are rapidly transforming the global financial industry and easing the financial inclusion initiatives of microfinance institutions (MFIs). Such technological transformations are expected to promote stability in the financial system and in turn reduce the risk-taking behavior of its main actors. However, there is limited or no empirical evidence to confirm the impact of fintech-based financial inclusion (FinFI) on the risk-taking behavior of Sub-Saharan African MFIs. Thus, we have developed a new index to measure FinFI and empirically assess its role in reducing the risk-taking attitude of MFIs. The validity of our results was confirmed by using various robustness tests.

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Fintech-based Financial Inclusion and Risk-taking of Microfinance Institutions (1) - Accepted Manuscript
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Accepted/In Press date: 17 May 2021
e-pub ahead of print date: 24 May 2021
Additional Information: Publisher Copyright: © 2021 Elsevier Inc. Copyright: Copyright 2021 Elsevier B.V., All rights reserved.
Keywords: Financial Inclusion, Sub-saharan africa, financial technology, risk-taking behaviour

Identifiers

Local EPrints ID: 449562
URI: http://eprints.soton.ac.uk/id/eprint/449562
ISSN: 1544-6123
PURE UUID: 1a3a9974-37bf-4596-8ab2-c64d95118cbd
ORCID for Larisa Yarovaya: ORCID iD orcid.org/0000-0002-9638-2917

Catalogue record

Date deposited: 08 Jun 2021 16:30
Last modified: 24 May 2022 04:01

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Contributors

Author: Hasanul Banna
Author: Md Aslam Mia
Author: Mohammad Nourani
Author: Larisa Yarovaya ORCID iD

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