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Effect of gender equality on financial stability and financial inclusion

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  • Peterson K. Ozili

Abstract

Purpose - This study aims to examine the effect of gender equality on financial stability and financial inclusion for 14 developing countries using yearly data from 2005 to 2021. Design/methodology/approach - The two-stage least squares regression estimation and the generalized linear model regression estimation were used to investigate the effect of gender equality on financial stability and financial inclusion. Findings - Gender equality has a significant positive effect on financial stability and financial inclusion in developing countries. Gender equality has a significant positive effect on financial stability and financial inclusion in African countries. Gender equality has a significant positive effect on financial stability but not on financial inclusion in non-African countries. Originality/value - Little attention has been paid to the role of gender equality in promoting financial stability and financial inclusion. The authors address this issue in this study.

Suggested Citation

  • Peterson K. Ozili, 2023. "Effect of gender equality on financial stability and financial inclusion," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 20(2), pages 205-223, June.
    • Handle: RePEc:eme:srjpps:srj-12-2022-0565
    DOI: 10.1108/SRJ-12-2022-0565
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    References listed on IDEAS

    as
    1. Jérôme Creel & Paul Hubert & Fabien Labondance, 2015. "Financial stability and economic performance in Europe," Post-Print hal-03459729, HAL.
    2. repec:hal:spmain:info:hdl:2441/5euk7d0f8t81prfu1k2sspdcok is not listed on IDEAS
    3. Eduardo Bericat, 2012. "The European Gender Equality Index: Conceptual and Analytical Issues," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 108(1), pages 1-28, August.
    4. Tobias Adrian & Hyun Song Shin, 2010. "The changing nature of financial intermediation and the financial crisis of 2007-09," Staff Reports 439, Federal Reserve Bank of New York.
    5. José Américo Pereira Antunes & Claudio Oliveira De Moraes & Adriano Rodrigues, 2018. "How financial intermediation impacts on financial stability?," Applied Economics Letters, Taylor & Francis Journals, vol. 25(16), pages 1135-1139, September.
    6. Creel, Jérôme & Hubert, Paul & Labondance, Fabien, 2015. "Financial stability and economic performance," Economic Modelling, Elsevier, vol. 48(C), pages 25-40.
    7. Alba Alonso & Emanuela Lombardo, 2018. "Gender Equality and De-Democratization Processes: The Case of Spain," Politics and Governance, Cogitatio Press, vol. 6(3), pages 78-89.
    8. Tobias Adrian & Hyun Song Shin, 2010. "The Changing Nature of Financial Intermediation and the Financial Crisis of 2007–2009," Annual Review of Economics, Annual Reviews, vol. 2(1), pages 603-618, September.
    9. Thorsten Beck & Lemma Senbet & Witness Simbanegavi, 2015. "Financial Inclusion and Innovation in Africa: An Overview," Journal of African Economies, Centre for the Study of African Economies, vol. 24(suppl_1), pages 3-11.
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    More about this item

    Keywords

    Gender equality; Gender inequality; Financial inclusion; Financial stability; Access to finance; ZSCORE; Bank branches; G21; G28; J16;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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