Date

12-2021

Department

Graduate School of Business

Degree

Doctor of Business Administration (DBA)

Chair

Carle Hunt

Keywords

Financial Globalization, Financial Development, Economic instability, Financial Development, Latin America, Caribbean, Financial Inclusion, Ban Profitability

Disciplines

Accounting | Business

Abstract

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.

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