Financial Globalization and its Effects on Developing Countries in Latin America and the Caribbean
Graduate School of Business
Doctor of Business Administration (DBA)
Financial Globalization, Financial Development, Economic instability, Financial Development, Latin America, Caribbean, Financial Inclusion, Ban Profitability
Accounting | Business
Francois, Jean Paul, "Financial Globalization and its Effects on Developing Countries in Latin America and the Caribbean" (2021). Doctoral Dissertations and Projects. 3351.
Financial globalization is characterized as an aggregate concept designated to expand global connections through cross-border financial flows. This quantitative correlational study aimed to examine the relationship between instability from financial globalization and lack of profitability within financial institutions in countries Latin America and the Caribbean. The problem addressed was that instability from financial globalization resulted in the lack of profitability in developing countries in Latin America and the Caribbean. The study extended the research literature to analyze the effect of financial globalization on economic instability and financial development and found a statistically significant relationship between financial globalization and profitability, economic instability, and financial development. The findings of the research study may be applicable to financial managers, bankers, and shareholders of financial institutions in Latin America and the Caribbean.