Collaborative Finance and Its Hurdles to Overcome

2020 ◽  
pp. 239-262
Author(s):  
Elisabet Ruiz-Dotras ◽  
Krystyna Mitręga-Niestrój
Keyword(s):  
Social Network ◽  
Social Interaction ◽  
Financial Literacy ◽  
Financial Services ◽  
Peer To Peer ◽  
Online Networks ◽  
The Social ◽  
Finance Development ◽  
Personal Trust ◽  
Financial Issues

Using survey data from an online Spanish university, real and perceived financial literacy levels, social interactions and personal trust with the social network are measured as key elements for collaborative finance development. This is the first study regarding the factors that may affect the use of collaborative finance. Results show levels of financial literacy are quiet low as in prior studies and individuals consider that the bank manager, friends, and parents can manage financial issues better than them, with the last two peers being those who most trust to discuss financial issues. The findings also provide information about how little individuals trust online networks when it comes to financial matters. Besides, respondents interact moderately with their social network missing the benefits of peer-to-peer learning. Overall, lack of financial literacy, low social interaction, and personal trust may be affecting the short use of collaborative financial services.

Collaborative Finance and Its Hurdles to Overcome

2021 ◽  
pp. 457-481
Author(s):  
Elisabet Ruiz-Dotras ◽  
Krystyna Mitręga-Niestrój
Keyword(s):  
Social Network ◽  
Social Interaction ◽  
Financial Literacy ◽  
Financial Services ◽  
Peer To Peer ◽  
Online Networks ◽  
The Social ◽  
Finance Development ◽  
Personal Trust ◽  
Financial Issues

Using survey data from an online Spanish university, real and perceived financial literacy levels, social interactions and personal trust with the social network are measured as key elements for collaborative finance development. This is the first study regarding the factors that may affect the use of collaborative finance. Results show levels of financial literacy are quiet low as in prior studies and individuals consider that the bank manager, friends, and parents can manage financial issues better than them, with the last two peers being those who most trust to discuss financial issues. The findings also provide information about how little individuals trust online networks when it comes to financial matters. Besides, respondents interact moderately with their social network missing the benefits of peer-to-peer learning. Overall, lack of financial literacy, low social interaction, and personal trust may be affecting the short use of collaborative financial services.

scholarly journals Financial literacy of students of technical universities: analysis of opinions and development prospects

2021 ◽  
Vol 49 (1) ◽  
pp. 80-91
Author(s):  
Olga V. Stepnova ◽  
◽  
Irina Yu. Starchikova ◽  
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Research University ◽  
Educational Process ◽  
Third Party ◽  
Positive Trend ◽  
Full Time ◽  
Moscow Aviation Institute ◽  
Technical University ◽  
Financial Issues

Introduction. The development of students' ability to make informed and responsible decisions in the field of personal finance is an urgent problem. Young people must have the appropriate competencies, have the required level of financial literacy. This also applies to students of non-economic areas of training, in particular students of technical specialties. The purpose of the study is to analyze the financial literacy of students of a technical university. Materials and methods. The material of the research was the data of an anonymous sociological survey of 100 students of Stupino branch of Moscow Aviation Institute (National Research University) of the 3rd and 4th courses of full-time education by filling in Google forms. Results. Analysis of students' opinions showed a positive trend (65% of respondents) for the introduction of financial literacy in the educational process of a technical university. Students admitted (54% of respondents) that they are not aware of all kinds of risks when investing in NPFs, when buying a home, compulsory motor third party liability insurance, taking a loan, when calculating wages, etc. Based on the students' answers, it was found that 62% of the respondents had no experience in solving financial issues. At the same time, 67% of students are not interested in rates on deposits, loans, the key rate of the Central Bank, but daily use the financial services of the bank (plastic cards, payment for services via the Internet, e-wallet, etc.) 97% of students. Conclusion. Today, the financial literacy of the population is fraught with many vital issues and affects the effectiveness of decisions made and the associated risks.

scholarly journals DALE ESA

KRITIS ◽  
2018 ◽  
Vol 27 (1) ◽  
pp. 35-56
Author(s):  
Jos Josia Beeh ◽  
Sri Suwartiningsih ◽  
Elly Esra Kudubun
Keyword(s):  
Social Capital ◽  
Social Network ◽  
Social Interaction ◽  
Social Relationships ◽  
Social Norm ◽  
Daily Life ◽  
Mutual Cooperation ◽  
The Social ◽  
The Village ◽  
Birth Death

The village Bokonusan is the location on the Semau Island and the district of Kupang, East Nusa Tenggara. Norma and refers to the contructual obligations between members of society in accordance with the rules of the costums, trust that refer to expectation and goals together in building in accordance with the values of mutual cooperation of solidarity of the community. As for the porpouse of research to, give me a description of application of the local Dale Esa in the life together in the village Bokonusan, as well as explain the elements of what is contained in the wisdom of Dale Esa as social capital in communities Bokonusan village. The method used is a qualitatve and approach to the contructivism oh the research descriptive aksplanative. Interwoven ily tradition, a marriege, birth, death, a new garden work (teh management of the land) and conflic resolution. The application of valeu to keep in daily life as from of social interaction. In the wisdom of Dale Esa the cooperation between the community refers to social relationships between societies so that, the social network, the obligation, prohibition, the rigth have, between members of the community to help each other as a from social norm, the emergance of the hope and goals together to build together as result the trust.

scholarly journals Supporting CSCW and CSCL with Intelligent Social Grouping Services

2009 ◽  
pp. 1629-1641
Author(s):  
Jeffrey J.P. Tsai ◽  
Jia Zhang ◽  
Jeff J.S. Huang ◽  
Stephen J.H. Yang
Keyword(s):  
Social Network ◽  
Communities Of Practice ◽  
Social Relationship ◽  
Computational Models ◽  
Peer To Peer ◽  
Social Grouping ◽  
Important Relationship ◽  
The Social

This article presents an intelligent social grouping service for identifying right participants to support CSCW and CSCL. We construct a three-layer hierarchical social network, in which we identify two important relationship ties – a knowledge relationship tie and a social relationship tie. We use these relationship ties as metric to measure the collaboration strength between pairs of participants in a social network. The stronger the knowledge relationship tie, the more knowledgeable the participants; the stronger the social relationship tie, the more likely the participants are willing to share their knowledge. By analyzing and calculating these relationship ties among peers using our computational models, we present a systematic way to discover collaboration peers according to configurable and customizable requirements. Experiences of social grouping services for identifying communities of practice through peer-to-peer search are also reported.

scholarly journals Supporting CSCW and CSCL with Intelligent Social Grouping Services

2012 ◽  
pp. 420-433
Author(s):  
Jeffrey J.P. Tsai ◽  
Jia Zhang ◽  
Jeff J.S. Huang ◽  
Stephen J.H. Yang
Keyword(s):  
Social Network ◽  
Communities Of Practice ◽  
Social Relationship ◽  
Computational Models ◽  
Peer To Peer ◽  
Social Grouping ◽  
Important Relationship ◽  
The Social

This article presents an intelligent social grouping service for identifying right participants to support CSCW and CSCL. We construct a three-layer hierarchical social network, in which we identify two important relationship ties – a knowledge relationship tie and a social relationship tie. We use these relationship ties as metric to measure the collaboration strength between pairs of participants in a social network. The stronger the knowledge relationship tie, the more knowledgeable the participants; the stronger the social relationship tie, the more likely the participants are willing to share their knowledge. By analyzing and calculating these relationship ties among peers using our computational models, we present a systematic way to discover collaboration peers according to configurable and customizable requirements. Experiences of social grouping services for identifying communities of practice through peer-to-peer search are also reported.

Some Aspects about Financial Knowledge of Undergraduate Students

2013 ◽  
Vol 2 (4) ◽  
pp. 40-62
Author(s):  
Elena Moreno-García ◽  
Arturo García-Santillán ◽  
Juan Pablo Munguía-Tiburcio
Keyword(s):  
Learning Styles ◽  
Undergraduate Students ◽  
Financial Literacy ◽  
Financial Services ◽  
Financial Management ◽  
Principal Component ◽  
Financial Education ◽  
Financial Knowledge ◽  
Important Indicator ◽  
Financial Issues

The purpose of study is to measure the level of financial literacy of accounting students at the Universidad Veracruzana; campus Mocambo, considering that financial education is the knowledge that people have on financial issues in order to solve everyday problems regarding financial management. The variables analyzed include age, gender, race, socioeconomic status, learning styles and student’s perceptions on financial services, the way they take care of their money and their knowledge of five key financial issues. Three hypotheses were raised, therefore, in order to test H1 we performed a factorial analysis with an extracted principal component; to H1.a the statistical procedure of linear correlation of Pearson r and t test are applied, and to H2 a Z test is performed. Although the theory suggests that the level of higher education gives the student a better understanding of the financial issues, this research however, proves otherwise. In fact, the range of “excellent money management” is below 50%. The findings suggest that there is no a good level of financial literacy in the population studied. This fact is contrary to expectations, because the student who studies public accountant is expected to have financial knowledge in these subjects, all this, in considering the subjects which integrates the curriculum related to the field of finance. Therefore this finding should be an important indicator for the academic authorities of the Universidad Veracruzana for corrective actions in this respect.

How Social Networks Shape Social Comparison

2019 ◽  
pp. 443-461
Author(s):  
Jingwen Zhang ◽  
Damon Centola
Keyword(s):  
Social Networks ◽  
Social Network ◽  
Social Comparison ◽  
Online Social Networks ◽  
Experimental Studies ◽  
Social Perceptions ◽  
Negative Consequences ◽  
Online Networks ◽  
Comparison Research ◽  
The Social

While social comparison research has focused on the processes and consequences of how the comparer gleans information from the comparison other (individual or group), recent research on social networks demonstrates how information and influence are distributed across persons in a network. This chapter reviews social influence processes in social networks. The authors first review recent research on social comparison and its negative consequences in online social networks. Then the authors delve into discussing the social network causes of biased social perceptions online and how this can be remedied by building more accurate perceptions through constructed online networks. Lastly, the authors discuss findings from recent experimental studies that illustrate how constructed online networks can harness social comparison to induce significant changes in health behavior.

Epatage as a Characteristic Feature of Digital Media

2021 ◽  
pp. 87-92
Author(s):  
Anastasiya Zavadskaya
Keyword(s):  
Social Network ◽  
Social Interaction ◽  
Characteristic Feature ◽  
Digital Media ◽  
Digital Communication ◽  
Figurative Meaning ◽  
Digital Texts ◽  
The Social

The article discusses the features of modern digital communication, which the author understands as social interaction of communicants aimed at informing the addressee and influencing him/her. Digital media genres have a set of features that allow them to be distinguished from many other media genres (intertextuality, hypertextuality, creolization). Competing with each other, the creators of digital texts try to make their texts more vivid, interesting, and memorable. It is for this purpose that many of them turn to such a phenomenon as outrage. After analyzing the texts of digital media (tweet reports, instagram texts and texts posted on the social network Facebook), the author concludes about the ways to create epatage at the lexical level. They included the use of reduced vocabulary, the use of words in a figurative meaning that is not fixed by explanatory dictionaries, the use of occasional and emotive vocabulary.

Targeting and Pricing in Social Networks

2016 ◽  
pp. 775-791 ◽  
Author(s):  
Francis Bloch
Keyword(s):  
Social Networks ◽  
Social Network ◽  
Social Interaction ◽  
Word Of Mouth ◽  
New Products ◽  
Social Effects ◽  
Consumption Externalities ◽  
The Social ◽  
Word Of Mouth Communication

This chapter analyzes the optimal use of social networks by firms that wish to diffuse new products, rely on word-of-mouth communication for advertising, or exploit consumption externalities among consumers. It focuses on two topics: the targeting of individuals to diffuse information or opinions in a social network, and the pricing at different nodes of the social network when agents experience consumption externalities. In both cases, firms take the network of social interaction as given and consider how to optimally leverage social effects to introduce new products or maximize profits .

scholarly journals Effects of Social Network on Herder Livestock Production Income and the Mediation by Fund Loans

Agriculture ◽  
2020 ◽  
Vol 10 (12) ◽  
pp. 629
Author(s):  
Liqun Shao ◽  
Yimeng Zhou ◽  
Haibin Chen ◽  
Yu Wang
Keyword(s):  
Social Network ◽  
Financial Services ◽  
Positive Impact ◽  
Market Competition ◽  
Livestock Production ◽  
Mediation Effect ◽  
Economic Activities ◽  
Informal Credit ◽  
Qinghai Province ◽  
The Social

Due to its alpine geography and harsh environment, the pastoral region of Qinghai Province is widely recognized as one of China’s concentrated and contiguous poverty-stricken regions, while climate change, market competition and grazing control exert further pressure on the income security of herders. After more than 1000 years of nomadic practice, cooperation and reciprocity have been entrenched in the culture of pastoral ethnic minorities, in which a well-developed social network may play a crucial role in herders’ social and economic activities, including their financial and production behaviors. Based on a questionnaire survey of 278 households in two counties of Qinghai, this study empirically examined the effects of herders’ social network on their livestock production income and the mediation function of fund loans therein. The social network was found to exert a significant positive impact on household income, and loans had a positive mediation effect. By comparison, the mediation effect of formal borrowing channels was statistically significant while that of informal channels was not, which may be attributed to the relative degree of maturity of the two disparate financial markets. It is suggested that a closer and more inclusive social network should be fostered, the quality of bank financial services should be improved, and the regulation on informal credit activities should be reinforced, so as to fully exploit the positive roles of the social network and fund loans for income growth of herder households in vast pastoral areas of China.

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