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The Role of Digitization in Shaping Financial Development: Insights from Emerging Asia

Shreya Pal & Muhammed Ashiq Villanthenkodath

Millennial Asia: An International Journal of Asian Studies2026https://doi.org/10.1177/09763996261427272article
AJG 1ABDC C
Weight
0.50

What the paper says

This study examines the relationship between digitization and financial development in emerging Asian economies, factoring in human capital, institutional quality, economic growth and globalization. Using panel Generalized Method of Moments, dynamic least squares and panel-corrected standard errors, results reveal that digitization, institutional quality and economic growth positively impact financial development, while human capital and globalization have negative effects. Recommendations include advancing digital financial infrastructure, improving institutional quality, supporting economic growth through entrepreneurship and enhancing infrastructure. Country-specific strategies address challenges such as financial inclusion and cybersecurity. By adopting these policies, emerging Asian economies can build a resilient, inclusive financial system and drive economic prosperity.

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https://doi.org/https://doi.org/10.1177/09763996261427272

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@article{shreya2026,
  title        = {{The Role of Digitization in Shaping Financial Development: Insights from Emerging Asia}},
  author       = {Shreya Pal & Muhammed Ashiq Villanthenkodath},
  journal      = {Millennial Asia: An International Journal of Asian Studies},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1177/09763996261427272},
}

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The Role of Digitization in Shaping Financial Development: Insights from Emerging Asia

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.