Impact of Sustainable Financial Literacy and Digital Financial Inclusion on Women's Sustainable Entrepreneurial Intention

ABSTRACT This study draws upon resource‐based theory to explore the effect of sustainable financial literacy on women's intentions to engage in sustainable entrepreneurship, focusing on digital financial inclusion as a mediating factor. Empirical data was collected from 266 female students from various esteemed Indian Institutes, and the research hypotheses were tested using partial least square structural equation modeling with the help of SmartPLS 4 software. The study revealed that sustainable financial literacy significantly impacts women's intention toward sustainable entrepreneurship. Additionally, digital financial inclusion partially mediates the relationship between sustainable financial literacy and entrepreneurial intent. These findings provide policymakers with a constructive model for implementing sustainability literacy to enhance generating intention among women to be involved in sustainable businesses that consider social and environmental aspects and not just profitability, contributing to achieving SDG and enhancing the nation's economic development.

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Publication Details

Journal
Corporate Social Responsibility and Environmental Management
Published
2025-03-15
DOI
https://doi.org/10.1002/csr.3174
Citations
5
Primary Topic
Microfinance and Financial Inclusion
Type
article
Field-Weighted Citation Impact
15.66
Controls
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article

Impact of Sustainable Financial Literacy and Digital Financial Inclusion on Women's Sustainable Entrepreneurial Intention

Chandan Kumar Sahoo, Sangita Mishra
5 citations
Corporate Social Responsibility and Environmental Management
Microfinance and Financial Inclusion
15.66
article

Impact of Sustainable Financial Literacy and Digital Financial Inclusion on Women's Sustainable Entrepreneurial Intention

Chandan Kumar Sahoo, Sangita Mishra
article en
5 citations

Abstract

ABSTRACT This study draws upon resource‐based theory to explore the effect of sustainable financial literacy on women's intentions to engage in sustainable entrepreneurship, focusing on digital financial inclusion as a mediating factor. Empirical data was collected from 266 female students from various esteemed Indian Institutes, and the research hypotheses were tested using partial least square structural equation modeling with the help of SmartPLS 4 software. The study revealed that sustainable financial literacy significantly impacts women's intention toward sustainable entrepreneurship. Additionally, digital financial inclusion partially mediates the relationship between sustainable financial literacy and entrepreneurial intent. These findings provide policymakers with a constructive model for implementing sustainability literacy to enhance generating intention among women to be involved in sustainable businesses that consider social and environmental aspects and not just profitability, contributing to achieving SDG and enhancing the nation's economic development.

Corporate Social Responsibility and Environmental ManagementVol. 32(3)
National Institute of Technology Rourkela (IN)
Openalex Percentile: Top 2%
Microfinance and Financial Inclusion
15.66
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