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on Microfinance |
| By: | Simplice A. Asongu (Yaoundé, Cameroon) |
| Abstract: | This study examines how the starting of business by females can be promoted by assessing critical levels of microfinance institutions (MFIs) penetration that policy makers must endeavour to maintain and/or attain in order for female unemployment not to represent a constraint in the doing of business. A constraint in doing business is understood in terms of the procedure that a woman has to go through in order to start a business. The focus of the study is on 44 countries in Sub-Saharan Africa (SSA) for the period 2004-2018, while the empirical evidence is based on interactive quantile regressions. The following findings are established. The validity of tested hypotheses is exclusively apparent in the lowest and highest quantiles of the conditional distribution of the procedure women have to go through to start a business. MFI penetration levels needed to reverse the unfavorable incidence of female unemployment in doing business are provided. These are minimum MFIs penetration thresholds that are required in order for female unemployment not to negatively affect the procedure that a woman should go through to start a business. The study complements the extant literature by assessing critical microfinance penetration levels that are needed to promote female doing of business, contingent on existing levels of female doing of business. |
| Keywords: | Africa; Microfinance; Gender; Inclusive development |
| JEL: | G20 I10 I32 O40 O55 |
| Date: | 2023–01 |
| URL: | https://d.repec.org/n?u=RePEc:exs:wpaper:23/068 |
| By: | Simplice A. Asongu (Yaoundé, Cameroon) |
| Abstract: | This study examines how the starting of business by females can be promoted by assessing critical levels of microfinance institutions (MFIs) penetration that policy makers must endeavour to maintain and/or attain in order for female unemployment not to represent a constraint in the doing of business. A constraint in doing business is understood in terms of the procedure that a woman has to go through in order to start a business. The focus of the study is on 44 countries in Sub-Saharan Africa (SSA) for the period 2004-2018, while the empirical evidence is based on interactive quantile regressions. The following findings are established. The validity of tested hypotheses is exclusively apparent in the lowest and highest quantiles of the conditional distribution of the procedure women have to go through to start a business. MFI penetration levels needed to reverse the unfavorable incidence of female unemployment in doing business are provided. These are minimum MFIs penetration thresholds that are required in order for female unemployment not to negatively affect the procedure that a woman should go through to start a business. The study complements the extant literature by assessing critical microfinance penetration levels that are needed to promote female doing of business, contingent on existing levels of female doing of business. |
| Keywords: | Africa; Microfinance; Gender; Inclusive development |
| JEL: | G20 I10 I32 O40 O55 |
| Date: | 2023–01 |
| URL: | https://d.repec.org/n?u=RePEc:agd:wpaper:23/068 |
| By: | Thereza Balliester Reis (Department of Economics, SOAS University of London); Vincent Mugo Kamau (Independent Researcher) |
| Abstract: | Studies on financial inclusion place strong emphasis on financial literacy and individual financial responsibility. Over-spending and over-indebtedness are often thought to be consequences of a lack of understanding of prudent budgeting, saving, and investment. Building on the critical accounting and everyday financialisation literature, this study challenges those claims. By interviewing 30 low-income workers in Nairobi, Kenya, we find that many are highly financially literate and have extensive knowledge on how to save on transaction costs and to select optimal borrowing opportunities. In fact, participants report several new techniques to save on costs, such as splitting transactions on M-Pesa to avoid fees. Yet, as their income is low, those individuals often find themselves indebted over sustained periods, particularly for basic needs such as food and transport. Furthermore, where individuals select costly financial services or are unable to save for the future, these seem to be consequences of structural and income constraints rather than a lack of understanding of accounting practices. Taken together, our article critiques established understandings of financial knowledge by presenting new evidence on everyday financial practices in Nairobi. Our results suggest that financialisation of everyday life has spread to countries beyond the Global North and might have severe consequences for development goals. |
| Keywords: | everyday life financialisation; financial literacy; critical accounting; Kenya |
| JEL: | B50 D14 G51 G53 |
| Date: | 2023–11 |
| URL: | https://d.repec.org/n?u=RePEc:soa:wpaper:260 |
| By: | Yohanes Ferry Cahaya (Perbanas Institute JL.Perbanas Karet Kuningan - Setiabudi, 12940, Jakarta Sealatan, Indonesia Author-2-Name: Hedwigis Esti Riwayati Author-2-Workplace-Name: Perbanas Institute JL.Perbanas Karet Kuningan - Setiabudi, 12940, Jakarta Sealatan, Indonesia Author-3-Name: Markonah Markonah Author-3-Workplace-Name: Perbanas Institute JL.Perbanas Karet Kuningan - Setiabudi, 12940, Jakarta Sealatan, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - Using data from Bank Group Based On Core Capital (GBCC) 4 in Jabodetabek, this study aimed to assess and validate the significance of customer trust in moderating the influence of customer engagement and financial literacy on customer loyalty. Methodology – With the use of a causal approach and a total sample size of 253 respondents, the descriptive quantitative technique was employed in this study. The data were then analyzed using the PLS SEM (Partial et al. Model). Findings and Novelty – This study's findings show that while customer interaction has no effect on consumer trust, financial literacy does. consumer trust is a mediator between financial literacy and consumer loyalty. Customer trust does not act as a mediator between customer engagement and customer loyalty. Type of Paper - Empirical" |
| Keywords: | Financial literacy; Customer Engagement, Customer Trust, Customer Loyalty |
| JEL: | D11 D18 I22 |
| Date: | 2023–09–30 |
| URL: | https://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr215 |
| By: | Kyriaki G. LouKa (Central Bank of Cyprus); Nektarios A. Michail (Central Bank of Cyprus) |
| Abstract: | The paper examines how the consumption habits of borrowers are affected after missing one or more payments or when their loans are delayed by more than 90 days. In addition, we investigate how household consumption may be impacted by a successful loan restructuring. Using data from the Eurosystem Household Finance and Consumption Survey for 2017, we find that households with late or missed loan payments report a fall in consumption levels and those with loans in arrears register an increase in consumption. This suggests that a household's failure to fulfil its commitments may actually help it increase its consumption. Other determinants that affect household consumption and income disparities are also considered as explanatory variables. |
| Keywords: | in-house, out-of-house consumption, HFCS, non-performing loans |
| JEL: | C21 E21 G21 |
| Date: | 2023–01 |
| URL: | https://d.repec.org/n?u=RePEc:cyb:wpaper:2023-1 |