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Sustainability and trust: financial inclusion in the Global South

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  • Úbeda, Fernando
  • Mendez, Alvaro
  • Forcadell, Francisco Javier

Abstract

Lack of access to banking and financial services appreciably hinders development, particularly in the global South. For this reason, financial inclusion is a crucial objective of the Sustainable Development Goals. One main barrier to financial inclusion is the lack of trust in banking. From a sample of 40 developing countries and 82,724 individuals, we verify that multinational banks can increase trust in banking by incorporating sustainability criteria into their business model.

Suggested Citation

  • Úbeda, Fernando & Mendez, Alvaro & Forcadell, Francisco Javier, 2023. "Sustainability and trust: financial inclusion in the Global South," LSE Research Online Documents on Economics 117589, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:117589
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    File URL: http://eprints.lse.ac.uk/117589/
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    sustainable banking; finance inclusion; ESG criteria; trust in banking; multinational banks; SDGs;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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