scholarly journals Finance and firm characteristics in Zimbabwe

2014 ◽  
Vol 11 (2) ◽  
pp. 465-472 ◽  
Author(s):  
Patricia Lindelwa Makoni ◽  
Lindiwe Ngcobo
Keyword(s):  
Financial Services ◽  
Small Firms ◽  
Bank Loans ◽  
Foreign Firms ◽  
Minor Role ◽  
Firm Characteristics ◽  
Financing Decisions ◽  
The Government ◽  
A Minor ◽  
The Impact

The purpose of this study was to examine the impact of firm-specific characteristics on the accessibility of firm financing in Zimbabwe using 2011 data from World Bank enterprise surveys. The results of the study show that firm characteristics in Zimbabwe determine the type of financing that is used for investment and working capital purposes. Small firms seem to rely more on internal financing as opposed to using bank funds, probably due to their small operations and lack of assets to put up as collateral. The larger firms however find it easier to access bank finance as they are much older in terms of age, have developed good relations with their financial services’ providers and are also able to provide the required collateral to back their lines of credit. Both domestic and foreign-owned firms highlighted financial constraints as a major obstacle to their businesses. However foreign firms seemed to access bank loans easier than domestic firms. Also, gender seems to play a minor role in the financing decisions of the firm. It is therefore recommended that the Government engages the financial market intermediaries to find feasible business financing solutions for all sized firms, especially those owned by locals. This would lead to the much-needed economic growth through investment attraction and employment creation.

scholarly journals A Study on the Impact of Schemes and Programmes of Government of India on Agriculture to Increase Productivity, Profitability, Financial Inclusion, and Welfare of Farmers to Transform them into Modern Society

2021 ◽  
pp. 231-243
Author(s):  
Mahesh K. M. ◽  
P. S. Aithal ◽  
Sharma K. R. S.
Keyword(s):  
Rural Areas ◽  
Financial Services ◽  
Modern Society ◽  
Modern Technology ◽  
Mobile App ◽  
Financial Inclusion ◽  
Agricultural Products ◽  
Theoretical Concepts ◽  
The Government ◽  
The Impact

Purpose: The foremost intent of this research article is to create awareness about various schemes for the productive sector of agriculture. Through this study, the level of performance of these agricultural schemes and programmes were analysed that will be helpful for the attainment of financial inclusion. Hence it is necessary to know about various schemes and their making to connect the beneficiaries. Agriculture is the basic source of food supply, production, processing, promotion and distribution. Agricultural products contribute to Gross Domestic Product (G.D.P.) and generate employment in rural areas. They transform the lives of the farmers in modern society. The government of India has introduced Minimum Support Price (MPS), MIF, PMKSY, PMFBY, e-NAM, PM-KISAN, PMJDY, PM-KUSUM, PKVY, NAMS, and MGNREGS. The mobile app KisanSuvidha and innovative programmes like Kisan Rail, KrishiUdaan double the farmers’ Income (DFI). These help in transforming village economy, coverage of irrigation, crop insurance, and stabilizing the income. They also ensure financial support, flow of credit and Direct Benefit transfer of subsidies and funds to beneficiaries. Adopting modern technology, farm-based activity, poultry, dairy, forestry, beekeeping and with the support of SHGs which will directly impact productivity, profitability, financial inclusion, and the welfare of farmers in the 21st century and development of the country’s economy. Design/ methodology/approaches: This study is all about the theoretical concepts based on analysis of various schemes and interconnect. Findings and results: This study reveals that the effectiveness of various agricultural programs and also identifies the benefits and beneficiaries of these schemes. Under this research, various financial services, subsidies, funds released, online platform for agricultural products, funds for micro-irrigation, and so on benefits provided by the government of India were studied. Originality/value: Analysed the various schemes and compelled its beneficiaries and develop a modern to achieve financial inclusion and economic growth through the study. Type of Paper: Research Analysis.

scholarly journals FINANCIAL INCLUSION AND POVERTY ALLEVIATION AMONG SMALLHOLDER FARMERS IN ZIMBABWE

2020 ◽  
Vol 8 (3) ◽  
pp. 168-182
Author(s):  
David Mhlanga ◽  
◽  
Steven Henry Dunga ◽  
Tankiso Moloi ◽  
◽  
...  
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Poverty Reduction ◽  
Smallholder Farmers ◽  
Financial Education ◽  
Financial Inclusion ◽  
Strong Impact ◽  
Development Goals ◽  
The Government ◽  
The Impact

The study sought to investigate the impact of financial inclusion on poverty reduction in Zimbabwe among the smallholder farmers. It is alleged that financial inclusion can help in achieving seven of the seventeen sustainable development goals (SDGs), which include poverty eradication in all its forms everywhere, ending hunger, achieving food security, ensuring improved nutrition as well as promoting sustainable agriculture and many others. Using the simple regression method, the study discovered that financial inclusion has a strong impact on poverty reduction among smallholder farmers. The study went on to discover that, for the government to tackle poverty especially among the smallholder farmers, it is important to ensure that farmers do participate in the financial sector through saving, borrowing and taking out insurance among other services. So, it is important for the government of Zimbabwe to fully implement policies that encourage financial inclusion such as making sure that farmers find it easy to access financial institutions and encouraging financial institutions to review transaction costs like bank account opening charges periodically, implementing financial education programs among the farmers because these variables are important in influencing farmers to participate or preventing them from using financial services.

scholarly journals KESEHATAN KEUANGAN DAN VALUASI BJBR MENGGUNAKAN RISK BASED BANK RATING METHOD

2021 ◽  
Vol 3 (1) ◽  
pp. 197-208
Author(s):  
Agung Dinarjito ◽  
Dinar Arisandy
Keyword(s):  
Financial Services ◽  
Quantitative Research ◽  
Intrinsic Value ◽  
Financial Statements ◽  
Share Price ◽  
Value Analysis ◽  
Rating Method ◽  
Dividend Discount Model ◽  
The Government ◽  
The Impact

The COVID-19 pandemic has given an impact on the health of banks in Indonesia, one of which is the West Java and Banten Bank (BJBR). This study aims to assess the health of BJBR before and during the covid-19 pandemic and to find the intrinsic value of BJBR shares that can be used as an evaluation of the company's performance. This research is a descriptive quantitative research. BJBR health analysis was carried out using the Risk Based Rating or RGEC and the intrinsic value analysis was carried out using the Dividend Discount Model (DDM). The authors used data from the 2018-2020 of BJBR financial statements. The results showed that in general, the soundness of BJBR was very healthy and the intrinsic value of BJBR's shares was Rp. 1,659.33 or BJBR's share price is currently sold below its intrinsic value. This research is expected to provide information on the impact of the pandemic on banking, especially BJBR so that the Government and the Financial Services Authority can provide support to banks. In addition, this research can be used as a reference by investors who are interested in BJBR shares. Pandemi covid-19 telah memberikan dampak pada kesehatan perbankan di Indonesia, salah satunya Bank Jawa Barat dan Banten (BJBR). Penelitian ini bertujuan untuk untuk menilai kesehatan BJBR sebelum dan selama pandemi covid-19 serta untuk mencari nilai intrinsik saham BJBR yang dapat digunakan sebagai evaluasi kinerja perusahaan. Penelitian ini merupakan penelitian kuantitatif deskriptif. Analisis kesehatan BJBR dilakukan dengan menggunakan Risk Based Rating atau RGEC dan analisis nilai intrinsik dilakukan dengan Dividend Discount Model (DDM). Penulis menggunakan data laporan keuangan BJBR tahun 2018-2020. Hasil penelitian menunjukkan bahwa secara umum, tingkat kesehatan BJBR adalah sangat sehat dan nilai intrinsik saham BJBR adalah Rp1.659,33 atau harga saham BJBR saat ini dijual di bawah nilai intrinsiknya. Penelitian ini diharapkan dapat memberikan informasi dampak pandemic terhadap perbankan, khususnya BJBR agar Pemerintah dan Ototritas Jasa Keuangan dapat memberikan dukungan kepada bank. Selain itu, penelitian ini dapat digunakan sebagai acuan oleh investor yang tertarik saham BJBR.

The origins of Canada’s feminist foreign policy

2019 ◽  
Vol 74 (2) ◽  
pp. 191-205 ◽  
Author(s):  
Adam Chapnick
Keyword(s):  
Foreign Policy ◽  
International Relations ◽  
Prime Minister ◽  
Foreign Minister ◽  
International Community ◽  
Minor Role ◽  
The Past ◽  
Canadian Foreign Policy ◽  
The Government ◽  
A Minor

In January 2019, a leading Canadian foreign policy blog, OpenCanada.org, declared that “[u]nder the government of Justin Trudeau, Canada has embraced a feminist foreign policy—gradually at first, and with fervor over the past year.” Although critics have debated the policy’s effectiveness, the embrace, if not also the fervor, was indisputable. By 2019, the Trudeau government’s second foreign minister, Chrystia Freeland, was proclaiming Canada’s feminist approach to international relations openly and regularly. The international community had also noticed. This article investigates the origins of the new Canadian foreign policy “brand.” It finds that, contrary to popular thinking, the prime minister himself played at most a minor role in the initiation of what became a full-fledged transformation of Canada’s global image.

Financial Inclusion and Gender Inequality Reduction: Evidence from Sub-Saharan Africa

2019 ◽  
Vol 67 (3-4) ◽  
pp. 367-372
Author(s):  
Sylvester Ohiomu ◽  
Evelyn Nwamaka Ogbeide-Osaretin
Keyword(s):  
Gender Inequality ◽  
Financial Services ◽  
Negative Impact ◽  
Estimation Method ◽  
Financial Inclusion ◽  
Sub Saharan Africa ◽  
Sub Saharan ◽  
The Government ◽  
And Gender ◽  
The Impact

Reduced inequality and gender equality are parts of the sustainable development goals (SDGs) towards global development, but the financial sector appears daunted in respect of financial inclusion for these noble goals. Concerns are more on gender inequality in the area of full utilisation of financial and human resources. Hence, this study investigated the impact of financial inclusion on gender inequality in sub-Saharan Africa. The study employed the generalised method of moments (GMM) estimation method on panel data on some countries in sub-Saharan Africa. The result of the study revealed that financial inclusion substantially reduced gender inequality. Financial inclusion access was found to drive down gender inequality more than usage. Female educational levels were found to have a substantial but negative impact on gender inequality. This study recommends that there is a need for an increase in commercial bank branches to increase accessibility to financial services. The government should increase its expenditure, and this should be channelled towards financial development and higher levels of education for females to improve financial literacy.

Is a Corruption Crackdown Really Good for the Economy? Firm-Level Evidence from China

2020 ◽  
Author(s):  
Zhiyuan Chen ◽  
Xin Jin ◽  
Xu Xu
Keyword(s):  
Negative Impact ◽  
Foreign Firms ◽  
Private Firms ◽  
Firm Level ◽  
Personal Connections ◽  
Before And After ◽  
Short Run ◽  
The Government ◽  
Negative Impacts ◽  
The Impact

Abstract We study the impact of anticorruption efforts on firm performance, exploiting an unanticipated corruption crackdown in China’s Heilongjiang province in 2004. We compare firms in the affected regions with those in other inland regions before and after the crackdown. Our main finding is an overall negative impact of the crackdown on firm productivity and entry rates. Furthermore, these negative impacts are mainly experienced by private and foreign firms, while state-owned firms are mostly unaffected. We present evidence concerning two potential explanations for our findings. First, the corruption crackdown may have limited bribery opportunities that helped private firms operate. Second, the corruption crackdown may have interfered with personal connections between private firms and government officials to a greater extent than institutional connections between state-owned firms and the government. Overall, our findings suggest that corruption crackdowns may not restore efficiency in the economy, but instead lead to worse economic outcomes, at least in the short run (JEL L2, M1, O1).

scholarly journals The Impact of Protectionism on the Completion and Duration of Cross-Border Acquisitions

2021 ◽  
Author(s):  
◽  
Rehanna Callaghan
Keyword(s):  
National Security ◽  
Host Country ◽  
Firm Size ◽  
Financial Services ◽  
Foreign Firms ◽  
Gdp Growth ◽  
Target Firm ◽  
Cross Border ◽  
Time Required ◽  
The Impact

<p>This study investigates the impact of protectionism in a host country on the completion likelihood of an announced cross-border acquisition and the time required to complete the acquisition. Adopting a legitimacy perspective, I identify and test boundary conditions at the firm and national levels to study the relationship between protectionism and cross-border acquisition completion and duration. I hypothesise that in host countries with a high level of protectionism, as reflected by the level of non-tariff barriers, cross-border acquisitions are less likely to be completed and the time taken to close the acquisition deal increases. I also propose that the relationships between protectionism and acquisition outcomes are moderated by critical target firm characteristics and the host country's economic condition. Specifically, these moderators include target firm size, target firm performance, the degree to which the target industry is sensitive to national security concerns, and the host country's GDP growth. I test these hypotheses using a sample of 675 cross-border acquisition attempts by firms in the manufacturing and services industries (excluding financial services) into the U.S. and Canada between 1995 and 2015. The results of the statistical analysis support the prediction that the higher the degree of protectionism, the lower likelihood of acquisition completion and the longer the duration is between acquisition announcement and completion. Findings also support the predicted moderating effects of the target firm size, performance and national security concern. However, the hypothesised moderating effect of the host country's GDP growth was not supported by the results. This finding suggests that host country protectionism impacts cross-border acquisition attempts, irrespective of the host country's economic development. These findings have significant implications for legitimacy-based explanations of cross-border acquisitions. In particular, the results of this study indicate that when protectionism is high, the host country is more likely to raise concerns around the legitimacy of foreign firms. In turn, these firms face adverse host country scrutiny which can result in a failed acquisition attempt, or an extended and therefore, costlier acquisition deal. The framework and findings of this study contribute to an institution-based view and, in particular, to a legitimacy-based perspective in the research on the internationalisation of firms.</p>

scholarly journals Extracellular Pneumococcal Serine Proteases Affect Nasopharyngeal Colonization

2021 ◽  
Vol 10 ◽  
Author(s):  
Murtadha Q. Ali ◽  
Thomas P. Kohler ◽  
Gerhard Burchhardt ◽  
Andreas Wüst ◽  
Nadin Henck ◽  
...  
Keyword(s):  
Serine Proteases ◽  
Bacterial Load ◽  
Acute Infection ◽  
Minor Role ◽  
Extracellular Proteases ◽  
Nasopharyngeal Colonization ◽  
Invasive Diseases ◽  
Pneumococcal Colonization ◽  
A Minor ◽  
The Impact

Streptococcus pneumoniae has evolved versatile strategies to colonize the nasopharynx of humans. Colonization is facilitated by direct interactions with host cell receptors or via binding to components of the extracellular matrix. In addition, pneumococci hijack host-derived extracellular proteases such as the serine protease plasmin(ogen) for ECM and mucus degradation as well as colonization. S. pneumoniae expresses strain-dependent up to four serine proteases. In this study, we assessed the role of secreted or cell-bound serine proteases HtrA, PrtA, SFP, and CbpG, in adherence assays and in a mouse colonization model. We hypothesized that the redundancy of serine proteases compensates for the deficiency of a single enzyme. Therefore, double and triple mutants were generated in serotype 19F strain EF3030 and serotype 4 strain TIGR4. Strain EF3030 produces only three serine proteases and lacks the SFP encoding gene. In adherence studies using Detroit-562 epithelial cells, we demonstrated that both TIGR4Δcps and 19F mutants without serine proteases or expressing only CbpG, HtrA, or PrtA have a reduced ability to adhere to Detroit-562 cells. Consistent with these results, we show that the mutants of strain 19F, which preferentially colonizes mice, abrogate nasopharyngeal colonization in CD-1 mice after intranasal infection. The bacterial load in the nasopharynx was monitored for 14 days. Importantly, mutants showed significantly lower bacterial numbers in the nasopharynx two days after infection. Similarly, we detected a significantly reduced pneumococcal colonization on days 3, 7, and 14 post-inoculations. To assess the impact of pneumococcal serine proteases on acute infection, we infected mice intranasally with bioluminescent and invasive TIGR4 or isogenic triple mutants expressing only CbpG, HtrA, PrtA, or SFP. We imaged the acute lung infection in real-time and determined the survival of the mice. The TIGR4lux mutant expressing only PrtA showed a significant attenuation and was less virulent in the acute pneumonia model. In conclusion, our results showed that pneumococcal serine proteases contributed significantly to pneumococcal colonization but played only a minor role in pneumonia and invasive diseases. Because colonization is a prerequisite for invasive diseases and transmission, these enzymes could be promising candidates for the development of antimicrobials to reduce pneumococcal transmission.

scholarly journals Low incidence of Schmallenberg virus infection in natural cases of abortion in domestic ruminants in Hungary

2020 ◽  
Vol 68 (1) ◽  
pp. 105-111
Author(s):  
Levente Szeredi ◽  
Ádám Dán ◽  
Péter Malik ◽  
Szilárd Jánosi ◽  
Ákos Hornyák
Keyword(s):  
Tissue Sample ◽  
Schmallenberg Virus ◽  
Minor Role ◽  
Chain Reaction ◽  
Domestic Ruminants ◽  
Polymerase Chain ◽  
Low Incidence ◽  
A Minor ◽  
The Impact

AbstractAn epizootic caused by a new orthobunyavirus called Schmallenberg virus (SBV) was recognised in European ruminants in 2011 and 2012. The re-emergence of the infection was reported in several countries in the subsequent years. Although the main clinical sign of SBV infection is abortion, the impact of SBV in natural cases of abortion in domestic ruminants had not been systematically examined before this study. The aim of the study was to investigate the role of SBV infection and to compare it to the importance of other causes of abortion by examining 537 natural cases of abortion that had occurred between 2011 and 2017 in Hungary. The cause of abortion was determined in 165 (31%) cases. An infectious cause was proved in 88 (16%) cases. SBV infection was found only in a total of four cases (0.8%) using real-time polymerase chain reaction. Three of them proved to be inapparent SBV infection, and one case was attributed to SBV-induced abortion by detecting non-purulent encephalitis and SBV nucleoprotein by immunohistochemistry in a brain tissue sample. According to the results, SBV played a minor role in natural cases of domestic ruminant abortion in Hungary during the 7-year period following the first SBV outbreak in 2011.

scholarly journals Hope, Disillusion and Coincidence in Migratory Decisions by Senegalese Migrants in Brazil

2021 ◽  
Vol 9 (1) ◽  
pp. 268-277
Author(s):  
Philipp Roman Jung
Keyword(s):  
Minor Role ◽  
Positive Outcomes ◽  
Essential Characteristic ◽  
New Destinations ◽  
Onward Migration ◽  
Decisions To Leave ◽  
Restricted Mobility ◽  
A Minor ◽  
The Impact ◽  
Do So

Uncertainty is an essential characteristic of our lives. However, by moving from one country to another, from a familiar context to an unfamiliar one, uncertainty becomes a key element of migrants’ decisions. In times of restricted mobility regimes, migrants often do not know if they will be able to reach the desired destination. Even if they manage to do so, it is still uncertain if they will be able to fulfil their aspirations. However, uncertainty also leaves room for hope. Departing from the conceptualisation of hope as the simultaneity of both potentiality and uncertainty and from the concept of circumstantial migration, this article analyses (1) retrospectively the decision of Senegalese migrants to move to Brazil and (2) the intentions of onward migration. Based on empirical data collected through ethnographic fieldwork in four Brazilian cities, this article shows how migration as a form of social hope is redirected to new destinations and that this redirection is a consequence of circumstances and coincidences, which enable or prevent movement. Potential positive outcomes of migration outweighed negative ones, which play a minor role and hardly affect decisions to leave Senegal. However, decisions to emigrate are often based on incomplete information and ill-informed expectations regarding the circumstances at the destination and can lead to feelings of disillusion. The impact of uncertainties shows a more differentiated picture in the context of onward migration intentions. While some migrants are willing to take big risks in onward migration, others try to minimize uncertainties.

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