M Manoj Kumar, Almuraqab Nasser, Moonesar Immanuel Azaad, Braendle Udo Christian, Rao Ananth
Department of Information Science and Engineering, Nitte Meenakshi Institute of Technology, Bangalore, India.
Dubai Business School, University of Dubai, Dubai, United Arab Emirates.
Front Big Data. 2024 Dec 19;7:1448571. doi: 10.3389/fdata.2024.1448571. eCollection 2024.
The expanded BRICS block presents significant opportunities for SMEs (Small and Medium Enterprises), but challenges related to financial literacy and digital access hinder their potential. While global efforts emphasize financial literacy and digitization as key drivers of economic growth, especially in developing regions, their specific impact on SMEs in the BRICS block remains underexplored. This paper contributes to the literature by contextualizing how financial literacy and digital financial access influence SME sustainability and economic progress, particularly in light of ongoing efforts to bridge the digital divide.
Using Principal Component Analysis to reduce dimensionality, the study uses advanced Random Forest Tree modeling, to evaluate current practices in SME finance, credit access, and digitization.
Results indicate that both financial literacy and digitalization play pivotal roles in driving sustainable economic development, with significant implications for policy interventions aimed at supporting SME growth in emerging economies.
This study addresses the crucial intersection of SME financial literacy and digital financial access, focusing on their role in fostering economic development within the expanded BRICS block-a group now comprising major emerging economies that collectively face substantial disparities in financial inclusion. The study results are relevant not only for understanding the BRICS context but also for shaping global strategies toward inclusive financial systems and SME resilience in the digital era.
扩大后的金砖国家集团为中小企业带来了重大机遇，但金融知识普及和数字接入方面的挑战阻碍了它们的发展潜力。尽管全球都在强调金融知识普及和数字化是经济增长的关键驱动力，尤其是在发展中地区，但它们对金砖国家集团中小企业的具体影响仍未得到充分探索。本文通过阐述金融知识普及和数字金融接入如何影响中小企业的可持续性和经济发展，特别是鉴于当前弥合数字鸿沟的努力，为相关文献做出了贡献。
该研究使用主成分分析来降维，并采用先进的随机森林树模型来评估中小企业金融、信贷获取和数字化方面的当前做法。
结果表明，金融知识普及和数字化在推动可持续经济发展中都发挥着关键作用，这对旨在支持新兴经济体中小企业增长的政策干预具有重要意义。
本研究探讨了中小企业金融知识普及和数字金融接入的关键交叉点，重点关注它们在扩大后的金砖国家集团（该集团目前由主要新兴经济体组成，在金融包容性方面总体面临巨大差距）内促进经济发展的作用。研究结果不仅与理解金砖国家的情况相关，也有助于制定数字时代包容性金融体系和中小企业韧性的全球战略。
