FINANCIAL INCLUSION AND FIRM GROWTH IN ASEAN-5 COUNTRIES: A NEW EVIDENCE USING THRESHOLD REGRESSION

被引：19

作者：

Nizam, Rosmah ^{[1
]}

Karim, Zulkefly Abdul ^{[1
]}

Sarmidi, Tamat ^{[1
]}

Rahman, Aisyah Abdul ^{[1
]}

机构：

[1] Univ Kebangsaan Malaysia, Fac Econ & Management, Ctr Sustainable & Inclus Dev Studies SID, Bangi 43600, Selangor, Malaysia

来源：

FINANCE RESEARCH LETTERS | 2021年 / 41卷

关键词：

Financial inclusion; firm growth; threshold estimation; ASEAN-5;

D O I：

10.1016/j.frl.2020.101861

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates the effect of financial inclusion on a firm's growth (889 firms) in the ASEAN-5 (Malaysia, Thailand, Philippines, Indonesia, and Vietnam) countries using a crosssection threshold estimation technique. This paper showed a non-monotonic effect on financial inclusion-firm's growth nexus. The impact of financial inclusion on firm growth is significantly negative after a certain threshold point is reached. These findings suggest that the firm's owner and banking institutions should deepen their financial inclusion efforts and limit credit access distribution within the optimum value or threshold level.

引用

页数：6

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