MATEC Web Conf.
Volume 228, 20182018 3rd International Conference on Circuits and Systems (CAS 2018)
|Number of page(s)||6|
|Section||Management Science and Engineering|
|Published online||14 November 2018|
The Effects of Financial Literacy, Digital Financial Product Usage and Internet Usage on Financial Inclusion in China
Xi’an University of Technology, Accounting and Finance Department, 710054 Xi’an Shaanxi, China
2 Western Michigan University, Economics Department, 49008 Kalamazoo, MI, U.S.A
This research study use partial least squares (PLS) to estimate a formative model which analyze effect of financial literacy, digital financial product usage, Internet usage on financial inclusion in mainland China. The study utilize a cross-sectional research design with a sample of 218 individuals from different areas of China participated. The results revealed that financial literacy and digital financial product usage have significant positive relationship with financial inclusion. Digital financial product usage is a mediator of the relationship between financial literacy and financial inclusion. Thus, digital financial product usage unites the Internet usage plays a multiple mediation role between financial literacy and financial inclusion. In short, the digital financial product usage had a partial mediating effect on the relationship between the Internet usage and financial inclusion. The findings indicate that improving the financial literacy of residents and popularizing the Internet usage can promote the use of digital financial products and achieve the goal of advancing financial inclusion.
© The Authors, published by EDP Sciences, 2018
This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0 (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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