Financial inclusion and sustainable development of banks: the place of organization of Islamic cooperation (OIC) in emerging markets

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dc.authoridTekin, Hasan/0000-0003-2855-215X
dc.contributor.authorTekin, Hasan
dc.date.accessioned2024-09-29T16:03:24Z
dc.date.available2024-09-29T16:03:24Z
dc.date.issued2024
dc.departmentKarabük Üniversitesien_US
dc.description.abstractPurposeThis study examines the impact of financial inclusion on the corporate sustainability of banks in both Organization of Islamic Cooperation (OIC) and non-OIC emerging economies, considering the COVID-19 pandemic.Design/methodology/approachThe research utilizes data from 3,159 bank-years from 2007 to 2021 across 33 emerging markets.FindingsEmpirical findings indicate that firms operating in higher financial inclusion developing countries tend to exhibit higher levels of sustainable development. This positive relationship has become even more pronounced during the COVID-19 pandemic, suggesting the importance of financial inclusion in fostering corporate sustainability, especially in times of economic challenges. Interestingly, while the positive correlation between financial inclusion and sustainable development remains consistent across both OIC and non-OIC countries, firms in OIC countries do not show significant changes during the pandemic.Practical implicationsThis observation suggests that the pandemic's impact on corporate sustainability may vary between the two groups of countries. This study highlights the significance of financial inclusion in promoting corporate sustainability in developing economies. In times of recessions when accessing finance becomes expensive, policymakers in OIC countries should identify firms that adhere to Islamic principles, such as those sensitive to interest rates, and provide them with targeted support. This assistance can enable these companies to compete effectively and achieve their financial sustainability objectives.Originality/valueThere has been no attempt to investigate the effect of financial inclusion and the pandemic on the sustainable development of banks in developing countries.en_US
dc.identifier.doi10.1108/JES-10-2023-0555
dc.identifier.issn0144-3585
dc.identifier.scopus2-s2.0-85190367087en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1108/JES-10-2023-0555
dc.identifier.urihttps://hdl.handle.net/20.500.14619/6070
dc.identifier.wosWOS:001200695400001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Ltden_US
dc.relation.ispartofJournal of Economic Studiesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectBanksen_US
dc.subjectESGen_US
dc.subjectFinancial inclusionen_US
dc.subjectIslamic cooperationen_US
dc.subjectSustainabilityen_US
dc.subjectG01en_US
dc.subjectG21en_US
dc.subjectQ01en_US
dc.titleFinancial inclusion and sustainable development of banks: the place of organization of Islamic cooperation (OIC) in emerging marketsen_US
dc.typeArticleen_US

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