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Fintech-based financial inclusion and bank risk-taking: Evidence from OIC countries

Financial inclusion has gone beyond the rhetoric surrounding social development and financial stability, but also expanding into pathos of arbitrage benefits made from cheap retail deposits by large banks and banks from technologically developed regions. This study investigates whether a higher degr...

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Main Authors: Banna, Hasanul, Hassan, M. Kabir, Rashid, Mamunur
Format: Article
Published: Elsevier 2021
Subjects:
HB Economic Theory
Business
Online Access:http://eprints.um.edu.my/27032/
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spelling my.um.eprints.270322022-04-14T00:49:53Z http://eprints.um.edu.my/27032/ Fintech-based financial inclusion and bank risk-taking: Evidence from OIC countries Banna, Hasanul Hassan, M. Kabir Rashid, Mamunur HB Economic Theory Business Financial inclusion has gone beyond the rhetoric surrounding social development and financial stability, but also expanding into pathos of arbitrage benefits made from cheap retail deposits by large banks and banks from technologically developed regions. This study investigates whether a higher degree of fintech-based financial inclusion (FFI) intensifies banks' risk-taking by analysing data from 534 banks from 24 OIC countries. The results indicate that higher degree of FFI controls bank's risk-taking behaviour. The nexus turns stronger in the post-industrial revolution 4.0 (IR4.0) era. Our results are robust across multiple proxies and estimation methods. We discuss how competition surrounding investing in fintech may expose the banks towards severe uncertainty. Elsevier 2021-11 Article PeerReviewed Banna, Hasanul and Hassan, M. Kabir and Rashid, Mamunur (2021) Fintech-based financial inclusion and bank risk-taking: Evidence from OIC countries. Journal of International Financial Markets Institutions & Money, 75. ISSN 1042-4431, DOI https://doi.org/10.1016/j.intfin.2021.101447 <https://doi.org/10.1016/j.intfin.2021.101447>. 10.1016/j.intfin.2021.101447
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
Business
spellingShingle HB Economic Theory
Business
Banna, Hasanul
Hassan, M. Kabir
Rashid, Mamunur
Fintech-based financial inclusion and bank risk-taking: Evidence from OIC countries
description Financial inclusion has gone beyond the rhetoric surrounding social development and financial stability, but also expanding into pathos of arbitrage benefits made from cheap retail deposits by large banks and banks from technologically developed regions. This study investigates whether a higher degree of fintech-based financial inclusion (FFI) intensifies banks' risk-taking by analysing data from 534 banks from 24 OIC countries. The results indicate that higher degree of FFI controls bank's risk-taking behaviour. The nexus turns stronger in the post-industrial revolution 4.0 (IR4.0) era. Our results are robust across multiple proxies and estimation methods. We discuss how competition surrounding investing in fintech may expose the banks towards severe uncertainty.
format Article
author Banna, Hasanul
Hassan, M. Kabir
Rashid, Mamunur
author_facet Banna, Hasanul
Hassan, M. Kabir
Rashid, Mamunur
author_sort Banna, Hasanul
title Fintech-based financial inclusion and bank risk-taking: Evidence from OIC countries
title_short Fintech-based financial inclusion and bank risk-taking: Evidence from OIC countries
title_full Fintech-based financial inclusion and bank risk-taking: Evidence from OIC countries
title_fullStr Fintech-based financial inclusion and bank risk-taking: Evidence from OIC countries
title_full_unstemmed Fintech-based financial inclusion and bank risk-taking: Evidence from OIC countries
title_sort fintech-based financial inclusion and bank risk-taking: evidence from oic countries
publisher Elsevier
publishDate 2021
url http://eprints.um.edu.my/27032/
_version_ 1735409490627395584
score 13.160551

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