Information sharing towards sustainable development – examine the impact of information sharing among public and private financial institution

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Journal Title

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Volume Title

School of Business | Master's thesis

Authors

Date

2021

Department

Johtamisen laitos

Major/Subject

Mcode

Degree programme

Creative Sustainability

Language

en

Pages

57

Series

Abstract

The importance of open data is rapidly rising as a way to solve social and environmental problems that are emerging around the world. However, it is hard to get value from data alone. Although the process of collecting data is important, it can be used valuably only when it is analyzed and converted into information with collected data. It can also be said that the use was appropriate only when it could be shared with several stakeholders. In this thesis, I focus on financial data among various open data. information sharing of financial open data, among different sectors, has an impact on economic growth in both developed and developing countries. However, since the world no longer aims only for economic growth, it is necessary to think about economic growth methods in the context of sustainable development that is considered along with economic, social and environmental issues. Financial inclusion can be one of those ways, as it has the power to achieve sustainable development by driving economic and social development. However, despite the importance of partnerships to achieve the Sustainable Development Goals, there is insufficient research on the impact of information sharing between key stakeholders, the public and private sectors. Therefore, in order to emphasize the importance of information sharing between various sectors for sustainable development, this study examines the effect of credit information sharing between the public and private sectors on financial inclusion. The research questions are as follows. 1. Do public credit information institution and private credit information institution have a significant financial inclusion impact by holding credit information? 2. If credit information is shared across public and private credit information institution, do credit information institution have significant effects on financial inclusion? To find the answers to the two research questions, the study was conducted with a quantitative method. First, public credit registry coverage and private credit bureau coverage indicators were used for each institution's degree of credit information coverage, and a depth of credit information indicator indicating accessibility and quality of credit information was used to measure the impact of information sharing. I used data from the IMF for the five financial inclusion indicators. Correlation and multiple regression analysis were used to find the relationship between credit reporting agencies and financial inclusion. According to the research results, if the information coverage of a credit information institution is high, the private sector rather than the public sector shows a more meaningful positive effect with various indicators of financial inclusion. On the other hand, if credit information sharing occurs between credit information institutions, it can be seen that the correlation between the public sector and financial inclusion is significantly increased rather than the private sector.

Description

Thesis advisor

Patala, Samuli

Keywords

sustainable development, financial inclusion, credit information sharing, public private partnership

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https://urn.fi/URN:NBN:fi:aalto-202109058950

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[gradu] Kauppakorkeakoulu / BIZ