Implications of financial institution support for women’s business projects

2014 ◽  
Vol 45 (3) ◽  
Author(s):  
Concepción De la Fuente ◽  
Mónica Segovia-Pérez ◽  
Cristina Figueroa-Domecq
Keyword(s):  
International Economic ◽  
Economic Development ◽  
Regression Model ◽  
Financial Institutions ◽  
Financial Support ◽  
Financial Institution ◽  
Female Entrepreneurship ◽  
Women Entrepreneurship ◽  
Business Women ◽  
Specific Support

Business women and their companies, powerful drivers of international economic development, are characterised by certain idiosyncrasies. The present study aimed to analyse the effect of financial support for female entrepreneurship on the number and characteristics of such endeavours. Data for 2005-2012 drawn from the database of new company projects financed by AVALMADRID SGR were analysed with univariate and bivariate methods. The findings revealed differences between female and male entrepreneurship and showed that women’s business activities are more intense when specific support is available from financial institutions. Keywords: Women, entrepreneurship, financing, Spanish Mutual Guarantee Institutions (SGR), Guarantee Scheme, regression model, SMEs.

scholarly journals Jamaica’s development of women entrepreneurship: challenges and opportunities

2019 ◽  
Vol 22 (2) ◽  
pp. 152-172 ◽  
Author(s):  
Raymond Saner ◽  
Lichia Yiu
Keyword(s):  
Economic Development ◽  
Labour Force ◽  
Investment Strategy ◽  
Business Environment ◽  
Published Data ◽  
Environment Impact ◽  
Female Entrepreneurship ◽  
Women Entrepreneurship ◽  
Content Type ◽  
Entrepreneurship Development

Purpose The purpose of this paper is to assess how far Jamaica has come regarding women economic empowerment, female entrepreneurship and its development policies in favour of women entrepreneurship development. Design/methodology/approach This exploratory study employs a mixed method approach to achieve its research objectives, consisting of literature review and corroboration with existing database and indices. Key insights of research on female entrepreneurship are used to reflect on published data to assess progress of female entrepreneurship development in Jamaica. The 2017 editions of the Global Entrepreneurship Monitor and Gender Entrepreneurship and Development Index were examined to gain a better understanding of how the Jamaican business environment has progressed or regressed over time and how the economic development and business environment impact female participation in Jamaica’s labour force and entrepreneurial initiatives. Findings The economic conditions in Jamaica and the role of females as domestic caregiver have made it difficult for women to enter the labour force even though Jamaican women are relatively better educated than men. Women remain at a disadvantage in the labour force. Jamaica’s legislation and budget allocations in favour of female entrepreneurship are analysed to identify where and how Jamaica is investing its efforts to improve women’s participation in the labour force. The authors conclude with suggestions on how the Jamaican government could facilitate further women entrepreneurship development to reach a more gender balanced inclusive socio-economic development. Originality/value While global policy has been promoting women empowerment through entrepreneurial development, little is known on the actual outcome of such human capital investment strategy and the critical vectors that contribute to such outcome. This scarcity of knowledge is also applicable to Jamaica. This paper attempts to contribute to women entrepreneurship research by reaching beyond the output-oriented perspective of various skill development programmes and attempts to link policy choice with overall macro results of entrepreneurship development in general and women entrepreneurship development in specific. The study thus provides a rare glimpse of the entrepreneurship ecosystem in Jamaica.

scholarly journals Financial Institutions’ Inter Mediation and Economic Development in Nigeria

2019 ◽  
Vol 5 (1) ◽  
pp. 33-46
Author(s):  
Grace Oyeyemi Ogundajo ◽  
Adegbemi Babatunde Onakoya ◽  
Enyi Patrick Enyi ◽  
Tunji T. Siyanbola
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Private Sector ◽  
Financial Institutions ◽  
Financial Institution ◽  
Causal Effect ◽  
Real Gdp ◽  
Long Run ◽  
Integration Test ◽  
Bound Test

This paper examines the effect of intermediation capacity of the financial institutions on the Nigerian economic development (Real Gross Domestic Product (RGDP). It is a causal-effect relationship study which made use of macro data obtained from Central Bank of Nigeria (CBN) Statistical Bulletin from the period 1981-2016. The result of the Johansen co-integration test and ARDL bound test evidenced that there exist a long-run relationship between financial institutions’ activities and real GDP. ARDL regression model showed financial institution activities, particularly the loans to the private sector significantly impacted on economic growth both in the short-run and long-run The study also found that bank loans and advances, bank reserves and interest rate had insignificant negative impact on real GDP while credit to private sector significantly affected economic development of Nigeria (RGDP) Thus, economic development of Nigeria is driven by the performance of deposit money banks and concludes that the performance of deposit money banks has effect on the economic development of Nigeria. The study recommended that the banking sector should increase lending to the private sector in order to engender economic growth through the enhancement of entrepreneurial development.

scholarly journals The Path of Financial Institutions to Develop Green Finance to Support the Conversion of New and Old Kinetic Energy in Shandong Province

2021 ◽  
Vol 236 ◽  
pp. 03017
Author(s):  
Sui Jincheng ◽  
Liu Jingyun ◽  
Zhao Jiaxiu
Keyword(s):  
Economic Development ◽  
Kinetic Energy ◽  
Energy Conversion ◽  
Financial Institutions ◽  
Financial Support ◽  
Driving Force ◽  
Driving Forces ◽  
Shandong Province ◽  
Action Mechanism ◽  
Green Finance

Green finance, as an important driving force and support for economic development, has been playing an irreplaceable role since Shandong province began to build comprehensive pilot zones for the conversion of old and new driving forces. In order to further explore the financial institutions to develop green financial support to the realization of the old and the new kinetic energy conversion path, release more potential to help financial institutions and the function, this article system combing the preliminary results of old and new kinetic energy conversion in Shandong province, and the green credit, as a typical example of green finance, its action mechanism were analysed, the result shows that the enterprise’s development and mutual restriction relations between green finance. Based on this, this paper puts forward the proposed path for financial institutions to develop green finance to support the transformation of old and new driving forces in Shandong Province.

scholarly journals Hybrid Contract According to Sharia Economic Law

2017 ◽  
Vol 1 (1) ◽  
pp. 45-56
Author(s):  
Ijang Jamaludin
Keyword(s):  
Economic Development ◽  
Financial Institutions ◽  
Financial Institution ◽  
The Other ◽  
Economic Activities ◽  
Complex Needs ◽  
The Core ◽  
Sharia Law ◽  
The One ◽  
Legal Consequences

Sharia law is charged with guiding how to conduct economic activities in order to be safe and happy to the afterlife. Sharia economic activities especially in sharia financial institutions are increasingly varied following the global economic development, the innovation of Sharia Financial Institution products become a necessity. Single agreement as the core of a transaction is not able to accommodate the increasingly complex needs of transactions, the presence of hybrid contact as a transformation of the contract leads to the development of LKS on the one hand and generate a spicy criticism related to its validity on the other side. This paper through literature approach trying to analyze hybrid contact in terms of ijtihad methodology related to the theory used madhab Hanafi in view the legal consequences. The result that the Hybrid contract is al-mukharij min al-mazaiq / hilah as a way out as well as the benefit to avoid the practice of usury, and resulted in legal consequences as a contract.

scholarly journals An empirical study of Women Entrepreneurship motivational factors in Botswana

2021 ◽  
Vol 1 (2) ◽  
pp. 1-14
Author(s):  
Khulekani Sibanda
Keyword(s):  
Economic Development ◽  
Empirical Study ◽  
Financial Institutions ◽  
Significant Role ◽  
Women Entrepreneurs ◽  
Motivational Factors ◽  
Push Factors ◽  
Women Entrepreneurship ◽  
The Government ◽  
Set Up

Women entrepreneurship plays a significant role in the economic development of a nation’s economy; thus, this study was set up to study the main motivations of women entrepreneurs in Botswana. The findings revealed that the women entrepreneurs in Botswana are motivated by a range of issues to start business both the pull and push factors. It was thus recommended that the government should provide sufficient infrastructural facilities along with the routine concessions and incentives to women entrepreneurs in the region. For better results, there should be co-ordination among the various agencies involved, without any overlapping of the functions. Flexibility and timely assistance by the financial institutions would help the women entrepreneurs to survive profitably, despite the entry of multinationals into the country and region. The officials of both the government and the banks should take initiative in the matter of financial and promotional assistance to the new and prospective women entrepreneurs.

Effects of Financial Innovations on Profitability for Deposit Taking Microfinancing Institutions in Kenya

2018 ◽  
Vol 9 (6) ◽  
pp. 529-536
Author(s):  
Martin Khoya Odipo ◽  
Keyword(s):  
Financial Institutions ◽  
Positive Relationship ◽  
Financial Institution ◽  
Secondary Data ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Primary Data ◽  
Microfinance Institutions ◽  
Financial Innovations ◽  
Strong Positive Relationship

Recent studies have documented that innovations improve profitability of firms. This article documents that deposit taking micro financial institutions that have adopted financial innovations have increased their profitability. The study covered five years between 2009-2013. Both primary and secondary data were used in the study. Primary data was obtained through administration of drop and pick questionnaires to selected employees of the institutions. Secondary data was obtained from financial statements and management reports of these deposit taking microfinance institutions. Data was analyzed using descriptive statistics, return on asset and multi-liner regression model to determine the effect of each financial innovation applied on profitability on the micro-financial institution. The results showed that most deposit taking microfinance institutions adopted these financial innovations in their current operations. There was strong positive relationship between individual innovations and profitability. In line with profitability ROA also showed improvement each year after the adoption of these financial innovations.

INTERACTION OF THE NATIONAL ECONOMY OF UKRAINE WITH INTERNATIONAL CREDIT AND FINANCIAL ORGANIZATIONS

2017 ◽  
Author(s):  
Serhii Voitko ◽  
◽  
Yuliia Borodinova ◽  
Keyword(s):  
Financial Institutions ◽  
National Economy ◽  
Financial Support ◽  
Global Economy ◽  
Financial Sector ◽  
Negative Consequences ◽  
International Financial Institutions ◽  
The Future ◽  
International Credit

The article examines the interaction of the national economy of Ukraine with international credit and financial organizations, evaluates the positive and negative consequences and identifies possible areas for further cooperation. The role of international credit and financial organizations in the development of the global economy is analyzed. Today, international financial institutions have taken a leading place among institutions that provide financial support and contribute to the implementation of necessary reforms aimed at developing enterprises in various sectors of the economy and strengthening the country's financial sector as a whole. The importance of cooperation between Ukraine and international financial institutions for the development of the country's economy has been determined. The problems and directions of development of cooperation with leading credit and financial organizations in modern conditions are identified. Despite the presence of certain shortcomings, cooperation between Ukraine and international credit and financial organizations will continue in the future.

Diversity and the Performance of Selected Financial Institutions of Asia

2018 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Shafaque Fatima ◽  
Saqib Sharif
Keyword(s):  
Financial Institutions ◽  
Positive Impact ◽  
Financial Institution ◽  
Gender Diversity ◽  
Business Case ◽  
Ordinary Least Squares ◽  
Cross Sectional ◽  
Age Diversity ◽  
The Impact ◽  
Nationality Diversity

Linking with the business case for diversity, this study examines whether the top management team (TMT) and the board of directors (BODs) diversity has a positive impact on financial institution (FI) performance in select countries of Asia least researched domain. We use data from 119 financial institutions across Asia for the year 2015, initially 1,447 institutions; however, incomplete data was excluded from final analysis. We use three proxies for diversity, that is, nationality diversity, gender diversity, and age diversity of TMT and BODs. To investigate the impact of TMT and BODs diversity, cross-sectional ordinary least-squares estimation is applied, using Return on Average Assets (ROAA%) as a measure of performance.  We find that nationality diversity and age diversity is positively and significantly related to FIs performance. Our evidence indicates that executives and board members with diverse exposure and younger age improve FIs profitability. However, there is no significant relationship between gender and FIs performance.

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