Digital Credit and Its Determinants: A Global Perspective
Digital credit has gained much attention from academic researchers, practitioners, and policymakers worldwide. This study empirically evaluates the determinants of digital credit using cross-country data from 2013 to 2019. The conventional ordinary least square regression with fixed effects estimato...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-10-01
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| Series: | International Journal of Financial Studies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7072/11/4/124 |
| _version_ | 1797358072049434624 |
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| author | Tu D. Q. Le Thanh Ngo Dat T. Nguyen |
| author_facet | Tu D. Q. Le Thanh Ngo Dat T. Nguyen |
| author_sort | Tu D. Q. Le |
| collection | DOAJ |
| description | Digital credit has gained much attention from academic researchers, practitioners, and policymakers worldwide. This study empirically evaluates the determinants of digital credit using cross-country data from 2013 to 2019. The conventional ordinary least square regression with fixed effects estimator is used to investigate the factors affecting the growth of digital credit. Our study highlights that the regulatory frameworks of anti-money laundering and terrorist financing, the economy’s innovative capacity, and financial development are significant factors affecting the development of digital credit, especially fintech credit. However, the findings indicate that only the innovation capacity is more critical to the expansion of bigtech credit. Nonetheless, our results provide some important implications for market participants and the authorities in promoting digital credit. Accordingly, this study contributes to the literature on the growth of digital credit when considering the critical roles of money laundering and terrorist financing frameworks and innovation capacity. |
| first_indexed | 2024-03-08T14:54:32Z |
| format | Article |
| id | doaj.art-9ab9857fefc34c7c901abec7b6f511ee |
| institution | Directory Open Access Journal |
| issn | 2227-7072 |
| language | English |
| last_indexed | 2024-03-08T14:54:32Z |
| publishDate | 2023-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | International Journal of Financial Studies |
| spelling | doaj.art-9ab9857fefc34c7c901abec7b6f511ee2024-01-10T17:49:15ZengMDPI AGInternational Journal of Financial Studies2227-70722023-10-0111412410.3390/ijfs11040124Digital Credit and Its Determinants: A Global PerspectiveTu D. Q. Le0Thanh Ngo1Dat T. Nguyen2Faculty of Finance & Banking, University of Economics and Law, Ho Chi Minh City 700000, VietnamSchool of Aviation, Massey University, Palmerston North 4442, New ZealandFaculty of Finance & Banking, University of Economics and Law, Ho Chi Minh City 700000, VietnamDigital credit has gained much attention from academic researchers, practitioners, and policymakers worldwide. This study empirically evaluates the determinants of digital credit using cross-country data from 2013 to 2019. The conventional ordinary least square regression with fixed effects estimator is used to investigate the factors affecting the growth of digital credit. Our study highlights that the regulatory frameworks of anti-money laundering and terrorist financing, the economy’s innovative capacity, and financial development are significant factors affecting the development of digital credit, especially fintech credit. However, the findings indicate that only the innovation capacity is more critical to the expansion of bigtech credit. Nonetheless, our results provide some important implications for market participants and the authorities in promoting digital credit. Accordingly, this study contributes to the literature on the growth of digital credit when considering the critical roles of money laundering and terrorist financing frameworks and innovation capacity.https://www.mdpi.com/2227-7072/11/4/124digital creditmoney launderingterrorist financinginnovation capacityfinancial development |
| spellingShingle | Tu D. Q. Le Thanh Ngo Dat T. Nguyen Digital Credit and Its Determinants: A Global Perspective International Journal of Financial Studies digital credit money laundering terrorist financing innovation capacity financial development |
| title | Digital Credit and Its Determinants: A Global Perspective |
| title_full | Digital Credit and Its Determinants: A Global Perspective |
| title_fullStr | Digital Credit and Its Determinants: A Global Perspective |
| title_full_unstemmed | Digital Credit and Its Determinants: A Global Perspective |
| title_short | Digital Credit and Its Determinants: A Global Perspective |
| title_sort | digital credit and its determinants a global perspective |
| topic | digital credit money laundering terrorist financing innovation capacity financial development |
| url | https://www.mdpi.com/2227-7072/11/4/124 |
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