File(s) under permanent embargo
Using multiple correspondence analysis for ﬁnance: A tool for assessing ﬁnancial inclusion
journal contributionposted on 2023-05-19, 22:28 authored by Dungey, M, Tchatoka, FD, Maria YanottiMaria Yanotti
This paper introduces multiple correspondence analysis (MCA) to the literature on financial product choice. MCA is a useful way of assessing the typology of actual or potential consumers, which can then be used to assess the extent to which existing products cover consumer needs. Given the importance of the financial inclusion agenda, this provides a useful means of detecting areas of financial under-servicing. An illustration using bank mortgage data shows how some groups are well-serviced, but others suffer from mismatch between the characteristics of the available and desirable products.
Australian Research Council
Publication titleInternational Review of Financial Analysis
Place of publicationNetherlands
Rights statementCrown Copyright © 2018 Published by Elsevier Inc