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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 i...

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Main Authors: Banna, Hasanul, Mia, Md Aslam, Nourani, Mohammad, Yarovaya, Larisa
Format: Article
Published: Elsevier 2022
Subjects:
HB Economic Theory
HF Commerce
Online Access:http://eprints.um.edu.my/32757/
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id my.um.eprints.32757
record_format eprints
spelling my.um.eprints.327572022-08-10T01:59:11Z http://eprints.um.edu.my/32757/ Fintech-based financial inclusion and risk-taking of Microfinance Institutions (MFIs): Evidence from Sub-Saharan Africa Banna, Hasanul Mia, Md Aslam Nourani, Mohammad Yarovaya, Larisa HB Economic Theory HF Commerce 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. Elsevier 2022-03 Article PeerReviewed Banna, Hasanul and Mia, Md Aslam and Nourani, Mohammad and Yarovaya, Larisa (2022) Fintech-based financial inclusion and risk-taking of Microfinance Institutions (MFIs): Evidence from Sub-Saharan Africa. Finance Research Letters, 45. ISSN 1544-6123, DOI https://doi.org/10.1016/j.frl.2021.102149 <https://doi.org/10.1016/j.frl.2021.102149>. 10.1016/j.frl.2021.102149
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic HB Economic Theory
HF Commerce
spellingShingle HB Economic Theory
HF Commerce
Banna, Hasanul
Mia, Md Aslam
Nourani, Mohammad
Yarovaya, Larisa
Fintech-based financial inclusion and risk-taking of Microfinance Institutions (MFIs): Evidence from Sub-Saharan Africa
description 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.
format Article
author Banna, Hasanul
Mia, Md Aslam
Nourani, Mohammad
Yarovaya, Larisa
author_facet Banna, Hasanul
Mia, Md Aslam
Nourani, Mohammad
Yarovaya, Larisa
author_sort Banna, Hasanul
title Fintech-based financial inclusion and risk-taking of Microfinance Institutions (MFIs): Evidence from Sub-Saharan Africa
title_short Fintech-based financial inclusion and risk-taking of Microfinance Institutions (MFIs): Evidence from Sub-Saharan Africa
title_full Fintech-based financial inclusion and risk-taking of Microfinance Institutions (MFIs): Evidence from Sub-Saharan Africa
title_fullStr Fintech-based financial inclusion and risk-taking of Microfinance Institutions (MFIs): Evidence from Sub-Saharan Africa
title_full_unstemmed Fintech-based financial inclusion and risk-taking of Microfinance Institutions (MFIs): Evidence from Sub-Saharan Africa
title_sort fintech-based financial inclusion and risk-taking of microfinance institutions (mfis): evidence from sub-saharan africa
publisher Elsevier
publishDate 2022
url http://eprints.um.edu.my/32757/
_version_ 1740826020565483520
score 13.211869

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