Regional Culture and Digital Financial Inclusion in China

Author:

Sun Yunchuan1ORCID,Xu Ying1,Zeng Xiaoping1,Xiao Li1,Xia Qianqian1,Zhao Yixue1,Wan Xiaohong1ORCID

Affiliation:

1. Beijing Normal University, China

Abstract

Unbalanced development among regions is a prominent feature of the current situation of inclusive finance. Few works have been done on how regional culture affects the imbalance of inclusive financial development. The authors try to investigate this issue using yearly data of digital financial inclusion in China spanning from 2011 to 2020 and the Hofstede regional culture of China. The results reveal regional culture could be the potential driver which leads to regional imbalance of the development of digital financial inclusion in China. Specifically, under Chinese historical culture background, financial inclusion is positively related with indulgence regionally, while individualism or power distance could exert negative impact. The findings are verified by a two-stage least square approach. Due to the anonymity and platform dependence of digital financial, Hofstede culture could make sense by influencing public trust in the financial sector, the internet, and unfamiliar relationships.

Publisher

IGI Global

Subject

Strategy and Management,Computer Science Applications,Human-Computer Interaction

Cited by 1 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Going Global in the Digital Era;Journal of Organizational and End User Computing;2023-12-15

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