The impact of technology on access to credit: A review of loan approval and terms in rural Vietnam and Thailand DOI Creative Commons
Chung Thanh Phan, Stefano Filomeni, Seng Kiong Kok

et al.

Research in International Business and Finance, Journal Year: 2024, Volume and Issue: 72, P. 102504 - 102504

Published: July 31, 2024

The acceleration of economic digitalisation has been immense in recent years, especially when coupled with the rapid development technology-augmented finance.However, less understood is how such finance impacted access to credit within rural contexts developing economies.Using household-level survey data, our results provide novel evidence a negative relationship, on average, between households' credit, as measured by loan approvals, and internet access.More specifically, use areas countries under analysis reduces chance accessing up 65%.Moreover, we further investigate terms, findings indicate that users get six-month shorter durations have lower interest cost borrowing 1.2%.The for approval rates are persistent formal loans nations at stage development, i. e., only developed Vietnamese context.Our richer insights into impact information telecommunication technologies (ITC) characterised significant proportions affected severe asymmetry-related issues may be amplified or reduced increased connectivity.Our carry important policy implications.On demand side, they highlight need ensure government initiatives should aim better educate borrowers relation financial literacy choices.On supply urge introduce policies lenders targeted towards reduction asymmetries pervasive areas.

Language: Английский

Can financial literacy enhance household financial risk asset allocation? Based financial planning and the mediating role of Taoist culture DOI
Yujie Liu,

Qiulan Fang

Review of Behavioral Finance, Journal Year: 2025, Volume and Issue: unknown

Published: March 3, 2025

Purpose This study examines the impact of enhanced financial literacy on allocation risky assets within household portfolios, while also considering mediating role Taoist cultural influences. Design/methodology/approach The authors applied ordered probit models and ordinary least squares estimation to analyze a sample 19,015 data collected from 2019 Chinese Urban Household Consumer Finance Survey. Findings results demonstrate that an improvement in significantly contributes increase residents’ assets. enhancement literacy, achieved through planning reduction influence culture, effectively bolsters quantity held. Moreover, is particularly pronounced among residents aged 45–55 those 35–45 older. Practical implications practical suggest policymakers relevant departments may consider strategies encourage greater participation market by promoting culture appropriate reasonable manner widely carrying out education for improving their literacy. Originality/value While previous studies have not focused traditional decision-making allocations, this investigates significant asset highlighting particular middle-aged residents. provides nuanced understanding how affects investment behavior offers insights tailor programs.

Language: Английский

Citations

0
Impact of the three digital divides on residents’ commercial insurance purchase behavior: An empirical study based in China DOI

Yifeng Zhu,

Qinghai Li

Research in International Business and Finance, Journal Year: 2025, Volume and Issue: unknown, P. 102853 - 102853

Published: March 1, 2025

Language: Английский

Citations

0
Fintech, Financial Capability and Household Financial Vulnerability: Evidence from China DOI
Yan Zhu, Hua Yang, Qiong Sun

et al.

Journal of Family and Economic Issues, Journal Year: 2025, Volume and Issue: unknown

Published: April 10, 2025

Language: Английский

Citations

0
Internet usage and commercial pension insurance participation: exploring the impact of traditional culture DOI

Zongyue He,

Wei Kong, Xiqian Wang

et al.

Applied Economics, Journal Year: 2025, Volume and Issue: unknown, P. 1 - 13

Published: April 18, 2025

Language: Английский

Citations

0
The impact of technology on access to credit: A review of loan approval and terms in rural Vietnam and Thailand DOI Creative Commons
Chung Thanh Phan, Stefano Filomeni, Seng Kiong Kok

et al.

Research in International Business and Finance, Journal Year: 2024, Volume and Issue: 72, P. 102504 - 102504

Published: July 31, 2024

The acceleration of economic digitalisation has been immense in recent years, especially when coupled with the rapid development technology-augmented finance.However, less understood is how such finance impacted access to credit within rural contexts developing economies.Using household-level survey data, our results provide novel evidence a negative relationship, on average, between households' credit, as measured by loan approvals, and internet access.More specifically, use areas countries under analysis reduces chance accessing up 65%.Moreover, we further investigate terms, findings indicate that users get six-month shorter durations have lower interest cost borrowing 1.2%.The for approval rates are persistent formal loans nations at stage development, i. e., only developed Vietnamese context.Our richer insights into impact information telecommunication technologies (ITC) characterised significant proportions affected severe asymmetry-related issues may be amplified or reduced increased connectivity.Our carry important policy implications.On demand side, they highlight need ensure government initiatives should aim better educate borrowers relation financial literacy choices.On supply urge introduce policies lenders targeted towards reduction asymmetries pervasive areas.

Language: Английский

Citations

2