Reddy, Krishna, Wallace, Damien, and Wellalage, Nirosha Hewa (2025) The impact of financial literacy on financial inclusion. Australian Journal of Management. (In Press)

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Abstract

Using survey data of owners of micro, small and medium enterprises (MSMEs), we investigate the nexus between financial literacy (FL) and financial inclusion (FI). Further, we examine whether the FL_FI nexus is different by gender. Our results show that FL has statistically significant positive effects on all three dimensions of FI (access, usage, and quality). Our findings highlight policy implications for countries desiring to enhance FI by improving the financial literacy and education levels of MSME owners. Furthermore, our findings suggest that targeted financial education programs result in better outcomes.

Item ID:	86559
Item Type:	Article (Research - C1)
ISSN:	1327-2020
Keywords:	financial literacy; financial inclusion; micro-, small and medium enterprises; female; New Zealand
Copyright Information:	© The Author(s) 2024. Open Access: CC BY 4.0 Attribution 4.0 International Deed
Date Deposited:	11 Aug 2025 23:18
FoR Codes:	35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350205 Household finance and financial literacy @ 60% 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350202 Finance @ 40%
SEO Codes:	11 COMMERCIAL SERVICES AND TOURISM > 1102 Financial services > 110201 Finance services @ 100%
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