IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v65y2024ics1544612324005440.html

Social networks, inclusive finance, and residents' well-being: An empirical study based on CFPS

Author

Listed:
  • Li, Junming
  • Chen, Miaomiao
  • Liu, Jiayang

Abstract

Using data from the China Family Panel Studies (CFPS), this paper investigates how social networks and inclusive finance affect residents' well-being. The empirical results indicate that social networks can significantly enhance residents' well-being, and inclusive finance can play a significant positive moderating role in the influence of social networks on residents' well-being, suggesting a complementary relationship between the impacts of social networks and inclusive finance on residents' well-being. Further analysis shows that the positive moderating effect of inclusive finance in the relationship between social networks and residents' well-being is more pronounced in regions with higher levels of marketization.

Suggested Citation

  • Li, Junming & Chen, Miaomiao & Liu, Jiayang, 2024. "Social networks, inclusive finance, and residents' well-being: An empirical study based on CFPS," Finance Research Letters, Elsevier, vol. 65(C).
    • Handle: RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324005440
    DOI: 10.1016/j.frl.2024.105514
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612324005440
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2024.105514?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Do, Hoa & Nguyen, Bach & Shipton, Helen, 2023. "Innovation and internationalization in an emerging market context: Moderating effects of interpersonal and organizational social networks," Journal of International Management, Elsevier, vol. 29(2).
    2. Luo, Sumei & Sun, Yongkun & Zhou, Rui, 2022. "Can fintech innovation promote household consumption? Evidence from China family panel studies," International Review of Financial Analysis, Elsevier, vol. 82(C).
    3. Liu, Yandong & Shi, Yu & Wang, Yang & Tian, Zhu, 2024. "Social networks and household consumption," Finance Research Letters, Elsevier, vol. 60(C).
    4. Ki H. Kang & Jina Kang, 2009. "How Do Firms Source External Knowledge For Innovation? Analysing Effects Of Different Knowledge Sourcing Methods," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 13(01), pages 1-17.
    5. Wang, Nan & Xie, Wenxuan & Tiberius, Victor & Qiu, Yong, 2023. "Accelerating new product diffusion: How lead users serve as opinion leaders in social networks," Journal of Retailing and Consumer Services, Elsevier, vol. 72(C).
    6. Yang, Tianyu & Zhang, Tianfang, 2024. "Social capital meets guanxi: Social networks and income inequality in China," China Economic Review, Elsevier, vol. 83(C).
    7. Chakravarty, Satya R. & Pal, Rupayan, 2013. "Financial inclusion in India: An axiomatic approach," Journal of Policy Modeling, Elsevier, vol. 35(5), pages 813-837.
    8. Quoc Hoang Dinh & Thomas Bernhard Dufhues & Gertrud Buchenrieder, 2012. "Do Connections Matter? Individual Social Capital and Credit Constraints in Vietnam," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 24(3), pages 337-358, July.
    9. Dey, R. Mithu & Lim, Lucy, 2023. "Do social networks improve the chance of obtaining challenging assignments? Evidence from Black accounting professionals," Advances in accounting, Elsevier, vol. 63(C).
    10. John Knight & Linda Yueh, 2008. "The role of social capital in the labour market in China1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 16(3), pages 389-414, July.
    11. Shi, Xiaojun & Du, Baorui, 2024. "Decomposition of social networks and household purchase of insurance as knowledge products," Research in International Business and Finance, Elsevier, vol. 69(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Linlin Wang & Zixin Zhou & Yi Chen & Liangen Zeng & Linlin Dai, 2024. "How Does Digital Inclusive Finance Policy Affect the Carbon Emission Intensity of Industrial Land in the Yangtze River Economic Belt of China? Evidence from Intermediary and Threshold Effects," Land, MDPI, vol. 13(8), pages 1-17, July.
    2. Wang, Shuguang & Cheng, Guangbin & Chen, Yuanhan, 2025. "Family digital competence, residents' subjective well-being, and tourism consumption levels—A study based on CFPS data," International Review of Financial Analysis, Elsevier, vol. 102(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cheng, Bei & Li, Tiean, 2025. "Social networks and financial literacy: From the perspective of educational inter-generational mobility," Finance Research Letters, Elsevier, vol. 81(C).
    2. Wang, Pengcheng & Yang, Xuelin, 2024. "Social trust and household financial decision-making: An empirical study based on the usage of household financial technology," Finance Research Letters, Elsevier, vol. 70(C).
    3. Markussen, Thomas & Ngo, Quang-Thanh, 2019. "Economic and non-economic returns to communist party membership in Vietnam," World Development, Elsevier, vol. 122(C), pages 370-384.
    4. Wang, Huilin & Liu, Jiliang, 2025. "Aging of population, digital financial inclusion, and public education expenditure," Finance Research Letters, Elsevier, vol. 73(C).
    5. Wei, Binhui & Zhao, Chunkai & Luo, Mingzhong, 2024. "Online markets, offline happiness: E-commerce development and subjective well-being in rural China," China Economic Review, Elsevier, vol. 87(C).
    6. Vinay Reddy Venumuddala, 2020. "Patterns in demand side financial inclusion in India -- An inquiry using IHDS Panel Data," Papers 2005.08961, arXiv.org.
    7. Chen, Wei & Li, Jiawei, 2025. "Digital finance, consumer convenience, and rural residents’ consumption," Finance Research Letters, Elsevier, vol. 82(C).
    8. Chetan DUDHE, 2021. "Impact Of Financial Inclusion On The Growth Of Indian Economy," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 17, pages 49-56, June.
    9. Luo, Peikun & Chen, Yongqing & Shan, Donglu & Wang, Pengcheng, 2025. "Internet use, social capital and high-quality employment," Technology in Society, Elsevier, vol. 83(C).
    10. Cowan, Kelly R. & Daim, Tugrul U., 2011. "Review of technology acquisition and adoption research in the energy sector," Technology in Society, Elsevier, vol. 33(3), pages 183-199.
    11. Ma, Yonghong & Zhu, Enjia, 2025. "How network characteristics drive multi-layer innovation networks to achieve boundary-spanning convergence," Technology in Society, Elsevier, vol. 83(C).
    12. Nguyen Thi Canh & Nguyen Thanh Liem & Phung Anh Thu & Nguyen Vinh Khuong, 2019. "The Impact of Innovation on the Firm Performance and Corporate Social Responsibility of Vietnamese Manufacturing Firms," Sustainability, MDPI, vol. 11(13), pages 1-14, July.
    13. Qunyong Wang & Zhongwu Li & Xueliang Feng, 2019. "Does the Happiness of Contemporary Women in China Depend on Their Husbands’ Achievements?," Journal of Family and Economic Issues, Springer, vol. 40(4), pages 710-728, December.
    14. Liu, Mengxi & Ding, Lili & Yang, Ying & Li, Hui, 2024. "Guidance or supervision: the impact of network relationship of institutional investors on corporate financialization," Finance Research Letters, Elsevier, vol. 65(C).
    15. Peterson K. Ozili, 2023. "Impact of Monetary Policy on Financial Inclusion in Emerging Markets," JRFM, MDPI, vol. 16(7), pages 1-10, June.
    16. A. Lasagni, 2011. "European SMEs, external relationships and innovation: some empirical evidence," Economics Department Working Papers 2011-EP04, Department of Economics, Parma University (Italy).
    17. Raksmey, Uch & Lin, Ching-Yang & Kakinaka, Makoto, 2022. "Macroprudential regulation and financial inclusion: Any difference between developed and developing countries?," Research in International Business and Finance, Elsevier, vol. 63(C).
    18. Xiuhua Wang & Jian Guan, 2017. "Financial inclusion: measurement, spatial effects and influencing factors," Applied Economics, Taylor & Francis Journals, vol. 49(18), pages 1751-1762, April.
    19. Barine Michael Nwidobie, 2019. "Financial Inclusion Index in Nigeria: An Exploratory Analysis," International Journal of Publication and Social Studies, Asian Economic and Social Society, vol. 4(1), pages 26-36, March.
    20. Marian Catalin VOICA, 2017. "Financial inclusion as a tool for sustainable development," Romanian Journal of Economics, Institute of National Economy, vol. 44(1(53)), pages 121-129, June.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324005440. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.