Financial stability of Asian Nations: Governance quality and financial inclusion
This study investigates the role of governance quality in maintaining financial stability and enhancing financial inclusion in Asian countries using the stakeholder theory. Composite variables were constructed for the governance quality, financial stability, and financial inclusion dimensions using...
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2021
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my.unimas.ir.358392021-08-19T20:05:45Z http://ir.unimas.my/id/eprint/35839/ Financial stability of Asian Nations: Governance quality and financial inclusion Arsalan Haneef, Malik Abu Hassan bin, Md Isa Mohamad bin, Jais Awias Ur, Rehman HG Finance This study investigates the role of governance quality in maintaining financial stability and enhancing financial inclusion in Asian countries using the stakeholder theory. Composite variables were constructed for the governance quality, financial stability, and financial inclusion dimensions using principal component analysis (PCA). The impact of governance quality on financial stability and financial inclusion was analyzed using dynamic system generalized method of moments (GMM) estimations. Additionally, using Baron and Kenny’s approach, the mediating role of financial inclusion in the relationship between governance quality and financial stability was examined. The results obtained were robust to various standardization techniques. This study’s findings suggest that governance quality negatively affects financial inclusion but has a positive influence on financial stability. Furthermore, financial inclusion positively affects financial stability in Asia. Finally, based on the results, we conclude that financial inclusion mediates the relationship between governance quality and financial stability. Elsevier 2021 Article PeerReviewed text en http://ir.unimas.my/id/eprint/35839/1/1-s2.0-S2214845021000508-main.pdf Arsalan Haneef, Malik and Abu Hassan bin, Md Isa and Mohamad bin, Jais and Awias Ur, Rehman (2021) Financial stability of Asian Nations: Governance quality and financial inclusion. Borsa Istanbul Review. ISSN 2214-8450 https://www.journals.elsevier.com/borsa-istanbul-review https://doi.org/10.1016/j.bir.2021.05.005 |
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HG Finance Arsalan Haneef, Malik Abu Hassan bin, Md Isa Mohamad bin, Jais Awias Ur, Rehman Financial stability of Asian Nations: Governance quality and financial inclusion |
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This study investigates the role of governance quality in maintaining financial stability and enhancing financial inclusion in Asian countries using the stakeholder theory. Composite variables were constructed for the governance quality, financial stability, and financial inclusion dimensions using principal component analysis (PCA). The impact of governance quality on financial stability and financial inclusion was analyzed using dynamic system generalized method of moments (GMM) estimations. Additionally, using Baron and Kenny’s approach, the mediating role of financial inclusion in the relationship between governance quality and financial stability was examined. The results obtained were robust to various standardization techniques. This study’s findings suggest that governance quality negatively affects financial inclusion but has a positive influence on financial stability. Furthermore, financial inclusion positively affects financial stability in Asia. Finally, based on the results, we conclude that financial inclusion mediates the relationship between governance quality and financial stability. |
format |
Article |
author |
Arsalan Haneef, Malik Abu Hassan bin, Md Isa Mohamad bin, Jais Awias Ur, Rehman |
author_facet |
Arsalan Haneef, Malik Abu Hassan bin, Md Isa Mohamad bin, Jais Awias Ur, Rehman |
author_sort |
Arsalan Haneef, Malik |
title |
Financial stability of Asian Nations: Governance quality and financial inclusion |
title_short |
Financial stability of Asian Nations: Governance quality and financial inclusion |
title_full |
Financial stability of Asian Nations: Governance quality and financial inclusion |
title_fullStr |
Financial stability of Asian Nations: Governance quality and financial inclusion |
title_full_unstemmed |
Financial stability of Asian Nations: Governance quality and financial inclusion |
title_sort |
financial stability of asian nations: governance quality and financial inclusion |
publisher |
Elsevier |
publishDate |
2021 |
url |
http://ir.unimas.my/id/eprint/35839/1/1-s2.0-S2214845021000508-main.pdf http://ir.unimas.my/id/eprint/35839/ https://www.journals.elsevier.com/borsa-istanbul-review https://doi.org/10.1016/j.bir.2021.05.005 |
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13.15806 |