• Tue. May 28th, 2024

Digital financial inclusion in micro enterprises: understanding the determinants and impact on ease of doing business from World Bank survey

  • Abor JY, Amidu M, Issahaku H (2018) Mobile telephony, financial inclusion and inclusive growth. J Afr Bus 19(3):430–453

    Article 

    Google Scholar
     

  • Ali J (2016) Performance of small and medium-sized food and agribusiness enterprises: evidence from Indian firms. Int Food Agribus Manag Rev 19(4):53–64

    Article 

    Google Scholar
     

  • Anthanasius Fomum T, Opperman P (2023) Financial inclusion and performance of MSMEs in Eswatini. Int J Soc Econ 50(11):1551–1567

    Article 

    Google Scholar
     

  • Aziz A, Naima U (2021) Rethinking digital financial inclusion: Evidence from Bangladesh. Technol Soc 64:101509

    Article 

    Google Scholar
     

  • Bai C, Quayson M, Sarkis J (2021) COVID-19 pandemic digitization lessons for sustainable development of micro-and small-enterprises. Sustain Prod Consum 27:1989–2001

    Article 

    Google Scholar
     

  • Barcellos SH, Zamarro G (2021) Unbanked status and use of alternative financial services among minority populations. J Pension- Econ Financ 20(4):468–481

    Article 

    Google Scholar
     

  • Beck T (2013) Bank financing for SMEs–lessons from the literature. Natl Inst Econ Rev 225:R23–R38

    Article 

    Google Scholar
     

  • Boateng S, Poku KO (2019) Accessing finance among women-owned small businesses: evidence from lower Manya Krobo municipality, Ghana. J Glob Entrepreneurship Res 9:1–17

    CAS 

    Google Scholar
     

  • Brixiová Z, Kangoye T (2016) Gender and constraints to entrepreneurship in Africa: New evidence from Swaziland. J Bus Venturing Insights 5:1–8

    Article 

    Google Scholar
     

  • Brush CG, Cooper SY (2012) Female entrepreneurship and economic development: An international perspective. Entrepreneurship Regional Dev 24(1-2):1–6

    Article 

    Google Scholar
     

  • Buchak G, Matvos G, Piskorski T, Seru A (2018) Fintech, regulatory arbitrage, and the rise of shadow banks. J Financial Econ 130(3):453–483

    Article 

    Google Scholar
     

  • Chavan J (2013) Internet banking-benefits and challenges in an emerging economy. Int J Res Bus Manag 1(1):19–26

    MathSciNet 

    Google Scholar
     

  • Chawla D, Joshi H (2019) Consumer attitude and intention to adopt mobile wallet in India–An empirical study. Int J Bank Mark 37(7):1590–1618

    Article 

    Google Scholar
     

  • Chen S, Zhang H (2021) Does digital finance promote manufacturing servitization: Micro evidence from China. Int Rev Econ Financ 76:856–869

    Article 

    Google Scholar
     

  • Chen S, Liang M, Yang W (2022a) Does Digital Financial Inclusion Reduce China’s Rural Household Vulnerability to Poverty: An Empirical Analysis from the Perspective of Household Entrepreneurship. SAGE Open 12(2):21582440221102423

    Article 

    Google Scholar
     

  • Chen Y, Yang S, Li Q (2022b) How does the development of digital financial inclusion affect the total factor productivity of listed companies? Evidence from China. Financ Res Lett 47:102956

    Article 

    Google Scholar
     

  • Chu AB (2018) Mobile technology and financial inclusion. In Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1 (pp. 131-144). Academic Press

  • Demirgüç-Kunt A, Klapper LF, Singer D (2013) Financial inclusion and legal discrimination against women: evidence from developing countries. World Bank Policy Research Working Paper, (6416)

  • Diniz E, Birochi R, Pozzebon M (2012) Triggers and barriers to financial inclusion: The use of ICT-based branchless banking in an Amazon county. Electron Commer Res Appl 11(5):484–494

    Article 

    Google Scholar
     

  • Dittmar A, Duchin R (2016) Looking in the rearview mirror: The effect of managers’ professional experience on corporate financial policy. Rev Financial Stud 29(3):565–602


    Google Scholar
     

  • Duvendack M, Mader P (2020) Impact of Financial Inclusion in Low- and Middle-income Countries: A Systematic Review of Reviews. J Economic Surv 34(3):594–629

    Article 

    Google Scholar
     

  • Erumban AA, Das DK (2016) Information and communication technology and economic growth in India. Telecommun Policy 40(5):412–431

    Article 

    Google Scholar
     

  • ESM (2022) Enterprises Survey of Micro Firm, Data can be retrieved from https://www.enterprisesurveys.org/en/enterprisesurveys. Access on March 2023

  • Faal ML (2020) Understanding binding constraints to small and medium enterprises (SMEs) in the Gambia: A critical review. Asian J Manag 11(2):216–221

    Article 

    Google Scholar
     

  • Frempong G (2009) Mobile telephone opportunities: the case of micro‐and small enterprises in Ghana. Info 11(2):79–94

    Article 

    Google Scholar
     

  • Frost J, Gambacorta L, Huang Y, Shin HS, Zbinden P (2019) BigTech and the changing structure of financial intermediation. Econ Polic 1:100–110


    Google Scholar
     

  • Gabor D, Brooks S (2017) The digital revolution in financial inclusion: international development in the fintech era. N. Political Econ 22(4):423–436

    Article 

    Google Scholar
     

  • Garg N, Singh S (2018) Financial literacy among youth. Int J Soc Econ 45(1):173–186

    Article 

    Google Scholar
     

  • Gomber P, Koch JA, Siering M (2017) Digital Finance and FinTech: current research and future research directions. J Bus Econ 87:537–580


    Google Scholar
     

  • Goyal K, Kumar S (2021) Financial literacy: A systematic review and bibliometric analysis. Int J Consum Stud 45(1):80–105

    Article 

    Google Scholar
     

  • Gupta A, Arya PK (2019) Banking Reforms in India with Special Reference to Digital Banking. Asian J Res Bank Financ 9(7):12–27

    Article 

    Google Scholar
     

  • Hall C (1992) The globalisation of small and medium enterprises: implications for australian business and policy. In Proceedings of the SEAANZ and Institute of Industrial Economics National Small Business Conference, Sydney, Australia (pp. 31-51)

  • Hong JP (2017) Causal relationship between ICT R&D investment and economic growth in Korea. Technol Forecast Soc Change 116:70–75

    Article 

    Google Scholar
     

  • IFC (2017) “MSME finance gap: assessment of the shortfalls and opportunities in financing micro, small and medium enterprises in emerging markets”, available at: https://www.smefinanceforum.org/sites/default/files/Data%20Sites%20downloads/MSME%20Report.pdf

  • IMF (2017) Article IV Consultation–Press Release (No. 17/386). and Staff Report. IMF Country Report. Available online: imf.org/en/ Countries/ETH (accessed on 24 May, 2023)

  • Irjayanti M, Azis AM (2012) Barrier factors and potential solutions for Indonesian SMEs. Procedia Econ Financ 4:3–12

    Article 

    Google Scholar
     

  • Izquierdo NC, Tuesta D (2015) Factors that matter for financial inclusion: Evidence from Peru. Aestimatio: IEB Int J Financ 10:10–31


    Google Scholar
     

  • Ji X, Wang K, Xu H, Li M (2021) Has digital financial inclusion narrowed the urban-rural income gap: The role of entrepreneurship in China. Sustainability 13(15):8292

    Article 

    Google Scholar
     

  • Karakara AAW, Osabuohien E (2020) ICT adoption, competition and innovation of informal firms in West Africa: a comparative study of Ghana and Nigeria. J Enterprising Communities: People Places Glob Econ 14(3):397–414

    Article 

    Google Scholar
     

  • Khan W, Singh TP, Jamshed M (2023) Understanding the ease of doing agribusiness in emerging Asian economies: evidence from world enterprises survey. J Enterprising Communities: People Places Glob Econ 17(2):419–432

    Article 

    Google Scholar
     

  • Kulkarni L, Ghosh A (2021) Gender disparity in the digitalization of financial services: challenges and promises for women’s financial inclusion in India. Gend, Technol Dev 25(2):233–250

    Article 

    Google Scholar
     

  • Lai JT, Yan IK, Yi X, Zhang H (2020) Digital financial inclusion and consumption smoothing in China. China &. World Econ 28(1):64–93


    Google Scholar
     

  • Laukkanen T (2016) Consumer adoption versus rejection decisions in seemingly similar service innovations: The case of the Internet and mobile banking. J Bus Res 69(7):2432–2439

    Article 

    Google Scholar
     

  • Lenka SK, Barik R (2018) Has expansion of mobile phone and internet use spurred financial inclusion in the SAARC countries? Financial Innov 4(1):1–19

    Article 

    Google Scholar
     

  • Liu D, Zhang Y, Hafeez M, Ullah S (2022) Financial inclusion and its influence on economic-environmental performance: demand and supply perspectives. Environ Sci Pollut Res 29(38):58212–58221

    Article 

    Google Scholar
     

  • Liu X, Yang F, Wu J (2020) DEA considering technological heterogeneity and intermediate output target setting: the performance analysis of Chinese commercial banks. Ann Oper Res 291:605–626

    Article 
    MathSciNet 

    Google Scholar
     

  • Liu Y, Luan L, Wu W, Zhang Z, Hsu Y (2021) Can digital financial inclusion promote China’s economic growth? Int Rev Financial Anal 78:101889

    Article 

    Google Scholar
     

  • Lu Z, Wu J, Li H, Nguyen DK (2022) Local bank, digital financial inclusion and SME financing constraints: Empirical evidence from China. Emerg Mark Financ Trade 58(6):1712–1725

    Article 

    Google Scholar
     

  • Malik S (2014) Technological innovations in Indian banking sector: changed face of banking. Int J 2(6):45


    Google Scholar
     

  • Malladi CM, Soni RK, Srinivasan S (2021) Digital financial inclusion: next frontiers—challenges and opportunities. CSI Trans ICT 9(2):127–134

    Article 

    Google Scholar
     

  • Matemilola BT, Bany-Ariffin AN, Azman-Saini WNW, Nassir AM (2018) Does top managers’ experience affect firms’ capital structure? Res Int Bus Financ 45:488–498

    Article 

    Google Scholar
     

  • Miao C, Qian S, Ma D (2017) The relationship between entrepreneurial self‐efficacy and firm performance: a meta‐analysis of main and moderator effects. J Small Bus Manag 55(1):87–107

    Article 

    Google Scholar
     

  • Nandru, P, Anand, B, & Rentala, S (2015). Factors influencing financial inclusion through banking services. J Contemp Res Manag 10(4)

  • Naumenkova S, Mishchenko S, Dorofeiev D (2019) Digital financial inclusion: Evidence from Ukraine. Invest Manag Financial Innov 16(3):194

    Article 

    Google Scholar
     

  • Neaime S, Gaysset I (2018) Financial inclusion and stability in MENA: Evidence from poverty and inequality. Financ Res Lett 24:230–237

    Article 

    Google Scholar
     

  • Nguli JN, Odunga R (2019) Effect of firm characteristics on financial inclusions; evidence from women owned enterprises in Kenya. J Emerg Trends Econ Manag Sci 10(2):53–60


    Google Scholar
     

  • Niebel T (2018) ICT and economic growth–Comparing developing, emerging and developed countries. World Dev 104:197–211

    Article 

    Google Scholar
     

  • Nițescu DC (2015) Banking Business and Social Media-A Strategic Partnership. Theor Appl Econ 22(4)

  • Njiraini P, Gachanja P, Omolo J (2018) Factors influencing micro and small enterprise’s decision to innovate in Kenya. J Glob Entrepreneurship Res 8:1–9


    Google Scholar
     

  • Olawale F, Garwe D (2010) Obstacles to the growth of new SMEs in South Africa: A principal component analysis approach. Afr J Bus Manag 4(5):729


    Google Scholar
     

  • Osano H. M, Languitone H (2016) Factors influencing access to finance by SMEs in Mozambique: case of SMEs in Maputo central business district. J Innov Entrep 5:1–16

    Article 

    Google Scholar
     

  • Ozawa T, Castello S, Phillips RJ (2001) The internet revolution, the “McLuhan” stage of catch-up, and institutional reforms in Asia. J Economic Issues 35(2):289–298

    Article 

    Google Scholar
     

  • Ozili PK (2020) Contesting digital finance for the poor. Digital Policy, Regul Gov 22(2):135–151

    Article 

    Google Scholar
     

  • Ozturk I, Ullah S (2022) Does digital financial inclusion matter for economic growth and environmental sustainability in OBRI economies? An empirical analysis. Resour, Conserv Recycling 185:106489

    Article 

    Google Scholar
     

  • Oz-Yalaman G (2019) Financial inclusion and tax revenue. Cent Bank Rev 19(3):107–113

    Article 

    Google Scholar
     

  • Patwardhan A (2018) Financial inclusion in the digital age. In Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1 (pp. 57-89). Academic Press

  • Peric K (2015) Digital financial inclusion. J Paym Strategy Syst 9(3):212–214


    Google Scholar
     

  • Pradhan RP, Arvin M, Nair M, Bennett S, Bahmani S (2017) ICT-finance-growth nexus: Empirical evidence from the Next-11 countries. Cuad de Econía 40(113):115–134


    Google Scholar
     

  • Priya R, Gandhi AV, Shaikh A (2018) Mobile banking adoption in an emerging economy: An empirical analysis of young Indian consumers. Benchmarking: Int J 25(2):743–762

    Article 

    Google Scholar
     

  • Rokhim R, Mayasari I, Wulandari P (2021) The factors that influence small and medium enterprises’ intention to adopt the government credit program. J Res Market Entrep 23(1):175–194


    Google Scholar
     

  • Salampasis D, Mention AL (2018) FinTech: Harnessing innovation for financial inclusion. In Handbook of Blockchain, Digital Finance, and Inclusion, Volume 2 (pp. 451-461). Academic Press

  • Sarkar SS (2016) Technological innovations in Indian banking sector-a trend analysis. J Commer Manag Thought 7(1):171–185

    Article 

    Google Scholar
     

  • Schuetz S, Venkatesh V (2020) Blockchain, adoption, and financial inclusion in India: Research opportunities. Int J Inf Manag 52:101936

    Article 

    Google Scholar
     

  • Shaikh AA, Alamoudi H, Alharthi M, Glavee-Geo R (2023) Advances in mobile financial services: a review of the literature and future research directions. Int J Bank Mark 41(1):1–33

    Article 

    Google Scholar
     

  • Shankar A, Rishi B (2020) Convenience matter in mobile banking adoption intention?. Australas Mark J 28(4):273–285

    Article 

    Google Scholar
     

  • Sharma HP, Jain M, Anuforo PU (2023b) Adoption of Blockchain as a Solution Strategy for Financial Inclusion: Evidence From Rural India. In The Impact of AI Innovation on Financial Sectors in the Era of Industry 5.0 (pp. 151–170). IGI Global

  • Sharma HP, Krishna SH, Tiwari M, Tiwari T, Kumar MN (2023a) Analysis of Cyber Security Threats in Payment Gateway Technology. In 2023 3rd International Conference on Advance Computing and Innovative Technologies in Engineering (ICACITE) (pp. 793–799). IEEE

  • Shofawati A (2019) The role of digital finance to strengthen financial inclusion and the growth of SME in Indonesia. KnE Social Sciences, 389-407

  • Singh K, Goundar S, Chandran P, Agrawal AK, Singh N, Kolar P (2023a) Digital Banking through the Uncertain COVID Period: A Panel Data Study. J Risk Financial Manag 16(5):260

    Article 

    Google Scholar
     

  • Singh C, Mittal A, Goenka A, Goud C RP, Karthik R, Rathi VS, Ravi C, Garg R, Kumar U (2014) Financial Inclusion in India: Select Issues, IIMB-WP, No. 474

  • Singh S, Amini M, Jamshed M, Sharma HP, Khan W (2023b) Understanding the perceived business obstacles and determinants of credit adoption by textile firms: Evidences from World Bank’s enterprises survey. Research Journal of Textile and Apparel. ahead-of-print

  • Smallbone D, Wyer P (2000) Growth and development in the small firm. Enterp Small Bus 25:100–126


    Google Scholar
     

  • Sobti N (2019) Impact of demonetization on diffusion of mobile payment service in India: Antecedents of behavioral intention and adoption using extended UTAUT model. J Adv Manag Res 16(4):472–497

    Article 

    Google Scholar
     

  • Song RM, Dong, L (2020) Review of the Development of Digital Inclusive Finance in China [J]. 2020 International Conference on Education, Culture, Economic Management and Information Service (ECEMIS 2020). 399–411

  • Suryono RR, Budi I, Purwandari B (2020) Challenges and trends of financial technology (Fintech): a systematic literature review. Information 11(12):590

    Article 

    Google Scholar
     

  • Svotwa TD, Makanyeza C, Wealth E (2023) Exploring Digital Financial Inclusion Strategies for Urban and Rural Communities in Botswana, Namibia, South Africa and Zimbabwe. In Financial Inclusion and Digital Transformation Regulatory Practices in Selected SADC Countries: South Africa, Namibia, Botswana and Zimbabwe (pp. 161-179). Cham: Springer International Publishing

  • Tahi Hamonangan Tambunan T (2011) Development of small and medium enterprises in a developing country: The Indonesian case. J Enterprising Communities: People Places Glob Econ 5(1):68–82

    Article 

    Google Scholar
     

  • Tay LY, Tai HT, Tan GS (2022) Digital financial inclusion: A gateway to sustainable development. Heliyon, e09766

  • The World Bank. 2020. Digital Financial Inclusion. Available online: https://www.worldbank.org/en/topic/financialinclusion/publication/digital-financial-inclusion (accessed on 13 April 2023)

  • Tuffour JK, Amoako AA, Amartey EO (2022) Assessing the effect of financial literacy among managers on the performance of small-scale enterprises. Glob Bus Rev 23(5):1200–1217

    Article 

    Google Scholar
     

  • Wakaisuka-Isingoma J, Aduda J, Wainaina G, Mwangi CI (2016) Corporate governance, firm characteristics, external environment and performance of financial institutions in Uganda: A review of literature. Cogent Bus Manag 3(1):1261526

    Article 

    Google Scholar
     

  • Wang Y (2016) What are the biggest obstacles to growth of SMEs in developing countries?–An empirical evidence from an enterprise survey. Borsa Istanb Rev 16(3):167–176

    Article 

    Google Scholar
     

  • Xheneti M, Madden A, Thapa Karki S (2019) Value of formalization for women entrepreneurs in developing contexts: A review and research agenda. Int J Manag Rev 21(1):3–23

    Article 

    Google Scholar
     

  • Xie X, Shen Y, Zhang H, Guo F (2018) Can digital finance promote entrepreneurship? Evidence from China. China Econ Quart 17(4):1557–1580


    Google Scholar
     

  • Yang L, Zhang Y (2020) Digital financial inclusion and sustainable growth of small and micro enterprises—evidence based on China’s new third board market listed companies. Sustainability 12(9):3733

    Article 

    Google Scholar
     

  • Yang X, Huang Y, Gao M (2022) Can digital financial inclusion promote female entrepreneurship? Evidence and mechanisms. North Am J Econ Financ 63:101800

    Article 

    Google Scholar
     

  • Yao L, Yang X (2022) Can digital finance boost SME innovation by easing financing constraints? Evidence from Chinese GEM-listed companies. PLoS One 17(3):e0264647

    Article 
    CAS 

    Google Scholar
     

  • Yildirim HS, Akci Y, Eksi IH (2013) The effect of firm characteristics in accessing credit for SMEs. J Financial Serv Mark 18:40–52

    Article 

    Google Scholar
     

  • Yin Z, Gong X, Guo P (2019) The impact of mobile payment on entrepreneurship—Micro evidence from China household finance survey. China Ind Econ 3:119–137


    Google Scholar
     

  • Zhang X, Zhang J, Wan G, Luo Z (2020) Fintech, growth and inequality: evidence from China’s household survey data. Singap Economic Rev 65:75–93

    Article 

    Google Scholar
     

  • Zhou M, Zhang H, Zhang Z, Sun H (2023) Digital financial inclusion, cultivated land transfer and cultivated land green utilization efficiency: an empirical study from China. Sustainability 15(2):1569

    Article 

    Google Scholar
     

  • link

    By admin