Financial inclusion, financial innovation, and firms’ sales growth

Lee, Chien‐Chiang; Wang, Chih‐Wei; Ho, Shan-Ju

doi:10.1016/j.iref.2019.11.021

Cited by 87 publications

(41 citation statements)

References 47 publications

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“…Research regarding the influence of financial inclusion on MSMEs' growth has been done by numbers of researchers, namely, Abdmoulah and Jelili (2013), Banarjee (2014), Chauvet and Jacolin (2017), Lee et al (2019), Khan (2011) as well as Morgan and Pontines (2018). Several studies concluded that proper implementation of financial inclusion can increase economic activity, including improving MSMEs' performance (Egbetunde, 2012;Goodland et al, 2012;Khan, 2011;Martinez, 2011;Mbotor & Uba, 2013;Okafor, 2012;Onaolapo, 2015;Yaron et al, 2013).…”

Section: Financial Inclusionmentioning

confidence: 99%

“…Previous studies by Abdmoulah and Jelili (2013), Chauvet and Jacolin (2017), Lee et al (2019), Khan (2011), and Morgan and Pontines (2014) have examined the impact of financial inclusion on growth. The results from Abdmoulah and Jelili (2013), Chauvet and Jacolin (2017) and Lee et al (2019) showed that financial inclusion significantly and positively influences company growth and performance. According to Khan (2011) and Morgan and Pontines (2014), financial inclusion reduces liquidity barriers and encourages investment, thereby increasing output and employment opportunities.…”

Section: Introductionmentioning

confidence: 99%

“…This study also uses more complex indicators to measure MSMEs' performance than the previous studies. Abdmoulah and Jelili (2013), Chauvet and Jacolin (2017), and Lee et al (2019) only uses sales growth indicator, while this study uses four indicators, namely, sales growth, profit growth, workforce growth, and market share growth.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

The Influence of Financial Inclusion on MSMEs’ Performance Through Financial Intermediation and Access to Capital

Ratnawati¹

2020

JAFEB

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This study aims to analyze the influence of financial inclusion on micro-, small-, and medium-sized enterprises' (MSMEs) performance and examine the mediation role of financial intermediation and access to capital. The object of this study is MSMEs in Malang, Indonesia. The sample consists of 100 MSME actors in Malang City, which is determined using Roscoes theory. The data is collected using Simple Random Sampling method, by distributing questionnaire measured with Likert scales. The hypotheses proposed in this study are examined using Partial Least Square (PLS) model. The results of this study show that financial inclusion influences MSMEs' performance both directly and indirectly through mediation from financial intermediation and access to capital. The direct influence means that the efforts to increase access to financial services, especially access to credit financing for MSMEs, will be able to increase market share, number of workers, sales, as well as profit of the MSMEs. Increased financial inclusion has a major impact on improving MSMEs' performance through financial intermediation compared to access to capital. This means that the increase of financial access for MSMEs followed by an increase in financial intermediation in the form of a financial service approach to MSMEs will improve MSMEs' performance.

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Section: Financial Inclusionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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The Influence of Financial Inclusion on MSMEs’ Performance Through Financial Intermediation and Access to Capital

Ratnawati¹

2020

JAFEB

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“…The empirical literature indicates that the lack of financial resources and the difficulty in gaining access to them can inhibit firm growth (Arellano, Bai & Zhang, 2012;Binks & Ennew, 1996;Hampel-Milagrosa et al, 2015;Psenicny, 2009). Financial capital is indispensable for the survival and growth of firms (Lee, Wang & Ho, 2019). We must be aware that there are two sources of financial resources to assess the contributions of empirical literature: the internal resources, financial capital from the injections of capital provided by the entrepreneur and the profits of the firm; and external resources, originating from financial institutions and the capital market.…”

Section: Financial Resourcesmentioning

confidence: 99%

Firm Growth: A review of the empirical literature

Vaz

2021

RGE

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The objective of this research is to review and unify the empirical literature that identifies the determining factors for firm growth. A list of 165 articles forms the backbone of the present review of the empirical literature on firm growth. Based on this review, we provide a synthesis of numerous determinant factors associated with firm growth. Specifically, we enumerate and detail the determining factors in three blocks: entrepreneur’s idiosyncratic features, firm’s internal factors, and factors external to the firm. The work provides a better understanding of the complex process of growth, shows the shortcomings in empirical research on the growth of the firm and presents directions for future research.

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“…The literature on financial inclusion could be divided into three parts, namely: (i) constructing indicators that measure financial inclusion from the micro and macroeconomic perspectives [7] (ii) investigating the effects of financial inclusion on economic, institutional and technological variables [8] (iii) examining of economic, institutional and technological determinants of financial inclusion [9][10][11]. The theoretical consolidation which allows for distinguishing the nature, consequences and causes of financial inclusion, favored the emergence of two approaches.…”

Section: Introductionmentioning

confidence: 99%

Does ICT Diffusion Improve Financial Inclusion in Africa?

Richard

2020

JEMT

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This article examines the effects of Information and Communication Technologies (ICT) diffusion on financial inclusion from a sample of 52 African countries. We specify and estimate a panel data model by Ordinary Least Squares (OLS) over the period 2006-2019, based on the different approaches of financial inclusion. Our results show that, ICT diffusion increases financial inclusion as well as penetration, accessibility and use of financial services in Africa. We suggest policies to promote ICT infrastructure to stimulate financial inclusion by promoting digital finance.

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Financial inclusion, financial innovation, and firms’ sales growth

Cited by 87 publications

References 47 publications

The Influence of Financial Inclusion on MSMEs’ Performance Through Financial Intermediation and Access to Capital

The Influence of Financial Inclusion on MSMEs’ Performance Through Financial Intermediation and Access to Capital

Firm Growth: A review of the empirical literature

Does ICT Diffusion Improve Financial Inclusion in Africa?

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