ORCID ID
0009-0005-8999-2724
Date of Award
8-2025
Degree Type
Dissertation
Degree Name
Ph.D.
Degree Program
Financial Economics
Department
Economics and Finance
Major Professor
Price, Gregory
Second Advisor
Hassan, K. Mohammad
Third Advisor
Lane, Walter
Fourth Advisor
Turunen - Red, Arja
Abstract
This dissertation comprises of two essays that documents the role of Mission Driven banks (MDBs) in achieving an inclusive financial sector in the United States. I examine whether the presence of MDBs have an impact on household’s usage of Alternative Financial Services (AFS) or whether the use of AFS serve as complements or substitutes to households. Using a matching and geocoding procedure using zip codes to identify the presence of MDBs, and employing the ordinal logit methodology, I show that households are less likely to use AFS stores when MDS are in close proximity. The effect of lower AFS usage is stronger among households who are more financially responsible. However, the results indicate that households will be more likely to use AFS as an additional financial service provider, suggesting a complementary relationship. In addition, I investigate whether MDBs can diversify their customers by targeting the users of AFS and competing with the providers of AFS. I exploit the performance indicators by measuring deposit growth and asset growth opportunities for MDBs when they target AFS users. The results indicate that MDBs have a higher likelihood of an increased asset growth when they specifically target payday loans users. Overall, this study provides evidence that increasing the geographic proximity of MDBs will not only provide accessible financial products for underserved households but have a positive causal implication by impacting the performance of mission driven banks.
Recommended Citation
Adu, Doreen P., "Essays on Mission Driven Minority Depository Institutions, Alternative Financial Services and Household Finance." (2025). University of New Orleans Theses and Dissertations. 3295.
https://scholarworks.uno.edu/td/3295
Rights
The University of New Orleans and its agents retain the non-exclusive license to archive and make accessible this dissertation or thesis in whole or in part in all forms of media, now or hereafter known. The author retains all other ownership rights to the copyright of the thesis or dissertation.