IDEAS home Printed from https://ideas.repec.org/a/rfh/bbejor/v13y2024i1p703-708.html

The Role of Financial Cooperatives in Building Trust: A Gender Wise Global Analysis

Author

Listed:
  • Dr. Muhammad Asif Shamim

    (Professor, Iqra University Karachi, Pakistan)

  • Dr. Aribah Aslam

    (Department of Economics, The University of Lahore, Lahore, Pakistan)

  • Rashid Hussain

    (Punjab Skills Development Fund, Pakistan)

  • Mr. Tumani Sanneh

    (Scholar, the University of Lahore, Lahore, Pakistan)

Abstract

Financial institutions are crucial for economic development. Lack of trust in financial institutions such as banks can have catastrophic consequences, as observed during past financial crises and the COVID-19 pandemic. Considering the importance of financial institutions, we examine the major factors influencing trust in financial institutions among the female population at a global sample. We explore the potential impact of contextual factors, such as institutional performance and country-level trust, on trust in financial institutions by employing logit and Probit models in a global data set. We find that women tend to trust banks more than men on average. We propose that greater gender equality in society and financial inclusion can decrease the gender gap in trust in banks at the country level.

Suggested Citation

  • Dr. Muhammad Asif Shamim & Dr. Aribah Aslam & Rashid Hussain & Mr. Tumani Sanneh, 2024. "The Role of Financial Cooperatives in Building Trust: A Gender Wise Global Analysis," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 703-708.
    • Handle: RePEc:rfh:bbejor:v:13:y:2024:i:1:p:703-708
    DOI: https://doi.org/10.61506/01.00258
    as

    Download full text from publisher

    File URL: https://bbejournal.com/BBE/article/view/750/709
    Download Restriction: no
    File URL: https://bbejournal.com/BBE/article/view/750
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.61506/01.00258?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
    ---><---

    References listed on IDEAS

    as
    1. Filipiak, Ute, 2016. "Trusting financial institutions: Out of reach, out of trust?," The Quarterly Review of Economics and Finance, Elsevier, vol. 59(C), pages 200-214.
    2. Park, Na Young, 2020. "Trust and trusting behavior in financial institutions: Evidence from South Korea," International Review of Economics & Finance, Elsevier, vol. 67(C), pages 408-419.
    3. Carin van der Cruijsen & Jakob de Haan & Ria Roerink, 2021. "Financial knowledge and trust in financial institutions," Journal of Consumer Affairs, Wiley Blackwell, vol. 55(2), pages 680-714, June.
    4. Heyert, Axelle & Weill, Laurent, 2023. "The gender gap in trust in Banks," Research in International Business and Finance, Elsevier, vol. 66(C).
    5. Aggarwal, Raj & Goodell, John W. & Selleck, Lauren J., 2015. "Lending to women in microfinance: Role of social trust," International Business Review, Elsevier, vol. 24(1), pages 55-65.
    6. van der Cruijsen, Carin & de Haan, Jakob & Jonker, Nicole, 2022. "Has the COVID-19 pandemic affected public trust? Evidence for the US and the Netherlands," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 1010-1024.
    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. Koffi Sodokin & Joseph Kokouvi Djafon, 2025. "Role of Digital Transformation in Closing the Financial Inclusion Disparities in West African Economic and Monetary Union and the Covid‐19 Effect," Journal of International Development, John Wiley & Sons, Ltd., vol. 37(4), pages 887-923, May.

    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. Carin Cruijsen & Maurice Doll & Jakob Haan, 2025. "What drives trust in the financial sector supervisor? New empirical evidence for the Netherlands," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 52(1), pages 173-195, February.
    2. Marie-Claire Broekhoff & Carin van der Cruijsen & Jakob de Haan, 2023. "Towards financial inclusion: trust in banks’ payment services among groups at risk," Working Papers 795, DNB.
    3. Minza Mudassar & Prof. Dr. Asif Shamim & Muzamir M. Mafabi & Nasir Aziz kamboh, 2024. "Analyzing the Relationship between Macroeconomic Factors and Interpersonal Trust: A Multivariate Examination of Global Data," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 475-480.
    4. Michiel Bijlsma & Carin Cruijsen & Jester Koldijk, 2022. "Determinants of Trust in Banks’ Payment Services During COVID: An Exploration Using Daily Data," De Economist, Springer, vol. 170(2), pages 231-256, May.
    5. Heyert, Axelle & Weill, Laurent, 2023. "The gender gap in trust in Banks," Research in International Business and Finance, Elsevier, vol. 66(C).
    6. van der Cruijsen, Carin & de Haan, Jakob & van Rooij, Maarten, 2025. "The association of high perceived inflation with trust in national politics and central banks✰," Journal of Banking & Finance, Elsevier, vol. 171(C).
    7. Alamsyah, Halim & Ariefianto, Moch. Doddy & Saheruddin, Herman & Wardono, Seto & Trinugroho, Irwan, 2020. "Depositors’ trust: Some empirical evidence from Indonesia," Research in International Business and Finance, Elsevier, vol. 54(C).
    8. Carin van der Cruijsen & Jakob de Haan & Ria Roerink, 2021. "Financial knowledge and trust in financial institutions," Journal of Consumer Affairs, Wiley Blackwell, vol. 55(2), pages 680-714, June.
    9. Carin van der Cruijsen & Jakob de Haan & Ria Roerink, 2023. "Trust in financial institutions: A survey," Journal of Economic Surveys, Wiley Blackwell, vol. 37(4), pages 1214-1254, September.
    10. Broekhoff, Marie-Claire & van der Cruijsen, Carin & de Haan, Jakob, 2024. "Towards financial inclusion: Trust in banks’ payment services among groups at risk," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 104-123.
    11. Heyert, Axelle & Weill, Laurent, 2024. "Does distrust in banks reduce bank risk-taking?," Finance Research Letters, Elsevier, vol. 68(C).
    12. Ammari, Aymen & Allodi, Evita & Salerno, Dario & Stella, Gian Paolo, 2023. "An asymmetrical approach to understanding consumer characteristics in banking trust during the COVID-19 pandemic in Italy," Research in International Business and Finance, Elsevier, vol. 64(C).
    13. Bhuiyan, Muhammad Faress & Ivlevs, Artjoms, 2019. "Micro-entrepreneurship and subjective well-being: Evidence from rural Bangladesh," Journal of Business Venturing, Elsevier, vol. 34(4), pages 625-645.
    14. Debdatta Pal & Subrata K. Mitra, 2018. "The efficiency of microfinance institutions with problem loans: A directional distance function approach," Computational and Mathematical Organization Theory, Springer, vol. 24(3), pages 285-307, September.
    15. Luminita Postelnicu & Niels Hermes, 2018. "Microfinance Performance and Social Capital: A Cross-Country Analysis," Journal of Business Ethics, Springer, vol. 153(2), pages 427-445, December.
    16. Galil, Koresh & Varon, Eva, 2024. "National culture and banks stock volatility," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).
    17. van der Cruijsen, Carin & de Haan, Jakob & Jonker, Nicole, 2022. "Has the COVID-19 pandemic affected public trust? Evidence for the US and the Netherlands," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 1010-1024.
    18. Mohamed, Toka S. & Elgammal, Mohammed M., 2023. "Credit risk in Islamic microfinance institutions: The role of women, groups, and rural borrowers," Emerging Markets Review, Elsevier, vol. 54(C).
    19. Jeremy Greenwood & Juan M. Sanchez & Cheng Wang, 2010. "Financing Development: The Role of Information Costs," American Economic Review, American Economic Association, vol. 100(4), pages 1875-1891, September.
    20. Marie-Claire Broekhoff & Carin van der Cruijsen, 2025. "The cost of closure: the relation between the presence of bank branches and trust," Working Papers 848, DNB.

    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:rfh:bbejor:v:13:y:2024:i:1:p:703-708. 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: Dr. Muhammad Irfan Chani The email address of this maintainer does not seem to be valid anymore. Please ask Dr. Muhammad Irfan Chani to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/rffhlpk.html .

    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.