Antecedents Of Financial Inclusion: A Systematic Literature Review

Abstract

The financial inclusion literature lacks empirical evidence regarding its inter-relationships with antecedents. This paper addresses this gap through an evidence-based deductive reasoning systematic literature review. This approach aims for a logical and unbiased process via comprehensive literature searches. Research reveals a lack of consensus among scholars regarding the fixed antecedents of financial inclusion. Moreover, these antecedents can vary based on political, economic, social, and financial factors within a country. The study identifies essential elements: appropriate theory, stage of model development/testing/advancement/comparison, suitable research approach/method, and the target beneficiary group in developing countries. The paper's outcome aids practitioners, researchers, and policymakers in pinpointing critical factors for enhancing financial inclusion's effectiveness