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Article
Publication date: 26 April 2022

Nurul Shahnaz Mahdzan, Rozaimah Zainudin and Mohd Sayuti Shaari

This study investigates the borrowing behaviour of public sector employees in Malaysia by focusing on religious belief and psychological factors. The first objective of…

Abstract

Purpose

This study investigates the borrowing behaviour of public sector employees in Malaysia by focusing on religious belief and psychological factors. The first objective of the study is to examine the differences in the borrowing behaviour according to demographic and socioeconomic factors of the civil servants. The second objective of the study is to investigate the influence of religious belief, excessive consumption, materialism and financial literacy towards two aspects of borrowing behaviour: personal loans and credit card usage.

Design/methodology/approach

Primary data was collected using a digital survey which was distributed using a convenience sampling approach to public sector employees working in Putrajaya and Kuala Lumpur, Malaysia. A sample of 340 public sector employees was obtained for analysis.

Findings

The study found that civil servants of different education backgrounds and income levels tend to differ in their borrowing behaviour. Specifically, those with lower levels of education, or lower income levels, tend to have a higher tendency of borrowing through personal loans. Multiple regression analyses reveal that public sector employees with either higher religious belief or higher financial literacy have a lower tendency of borrowing either through credit cards or personal loans. However, those who spend excessively or those who have higher levels of materialism tend to display more aggressive borrowing behaviour in terms of credit card usage and personal loans.

Originality/value

The study contributes to the literature by exploring the role of religious belief on borrowing behaviour. In addition, the study contributes to the literature by examining a specific group in the Malaysian society, i.e. public sector employees, due to the perturbing state of indebtedness among civil servants in Malaysia.

Details

Asia-Pacific Journal of Business Administration, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1757-4323

Keywords

Book part
Publication date: 31 December 2010

Jennifer H. Chung

Finland's performance in PISA has created considerable interest in the country's education system, to ascertain what has made Finland so successful in the survey. In…

Abstract

Finland's performance in PISA has created considerable interest in the country's education system, to ascertain what has made Finland so successful in the survey. In reference to the phenomenon, this chapter discusses cross-national attraction, policy borrowing, the effect of Finland in PISA, and its influence on education policy. This chapter explores at length the theoretical background of cross-national attraction and policy borrowing, also investigating cases that have already occurred. It discusses Finland's role as the new object of cross-national attraction and eventual policy borrowing. The chapter incorporates research into the reasons for Finland's success in PISA, the possibilities of policy transfer from Finland, and delves into the likelihood of policy implications as a result of Finland in PISA. This cross-national attraction denotes the first stage in policy borrowing; however, comparative educationalists, for years, have warned about the uncritical transfer of education policy. Research in Finland has revealed many reasons for the country's PISA success stem from contextual factors: those related to historical, cultural, societal, and political features of Finland. Therefore, policy borrowing from Finland needs to heed warnings of past comparativists. The new phenomenon of Finland in PISA has generated much curiosity from those in education, educational policy, and politics. Policymakers are keen to incorporate Finland's educational features into their education systems. PISA and Finland's performance in the survey influence educational policy. This illustrates the importance the warnings of past and present comparative educationalists in order to prevent uncritical policy borrowing.

Details

The Impact of International Achievement Studies on National Education Policymaking
Type: Book
ISBN: 978-0-85724-449-9

Article
Publication date: 8 February 2022

Isahaque Ali, Md Aslam Mia, Azlinda Azman and Tajul Ariffin Masron

Although microfinance had experienced rapid growth in most developing economies, multiple borrowing remains a growing concern for practitioners and researchers in recent…

Abstract

Purpose

Although microfinance had experienced rapid growth in most developing economies, multiple borrowing remains a growing concern for practitioners and researchers in recent years. Hence, the main purpose of the study is to evaluate the factors affecting multiple borrowing among microfinance clients.

Design/methodology/approach

The primary survey data of 400 microfinance clients from Bangladesh was collected to execute the research objective. Considering the types of dependent variable, this study employed logistics, probit, ordinary least squares (OLS) and Poisson regression techniques to analyze the data.

Findings

Among others, it was discovered that the expected (requested) loan amount is positively associated with multiple borrowing, while the level of training, small cattle farming business and marital status (widow/separated) exhibited negative effects under logistic regression. These results are robust with respect to the regression method, the specification and the definition of the outcome variable. Also, supply-side incentives (e.g. training) were found to partly influence the multiple-borrowing behavior of microfinance clients. These findings reiterate the contribution of both demand and supply-side factors to the multiple-borrowing behavior of clients. Consequently, policy implications and future research direction are advanced.

Originality/value

The authors have examined some individual-level characteristics as well as some supply-side incentives to better understand the underexplored issue of multiple-borrowing behavior among microfinance clients.

Details

Asia-Pacific Journal of Business Administration, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1757-4323

Keywords

Article
Publication date: 8 September 2020

Izhak Berkovich

The practice of theory borrowing from other research fields is common in interdisciplinary and applied research. Nevertheless, educational administration researchers…

Abstract

Purpose

The practice of theory borrowing from other research fields is common in interdisciplinary and applied research. Nevertheless, educational administration researchers seldom discuss this phenomenon and its complexities in depth.

Design/methodology/approach

This essay provides an overview of what has been written about the practice of theory borrowing.

Findings

After presenting the criticism on misusing theory borrowing, it outlines several recommendations to improve theory borrowing in education administration research by domesticating it through conceptual blending.

Originality/value

The purpose of this essay is to motivate educational administration scholars to reflect on the practice of theory borrowing. The guidelines offered here for promoting conceptual blending serve as a middle ground for mitigating a key problem of theory borrowing.

Details

Journal of Educational Administration, vol. 58 no. 6
Type: Research Article
ISSN: 0957-8234

Keywords

Article
Publication date: 23 August 2020

Sanket Mohapatra and Jay Prakash Nagar

First, the purpose of this study is to examine the relationship between foreign-currency debt and firms' financing constraints for India, the second-largest emerging…

Abstract

Purpose

First, the purpose of this study is to examine the relationship between foreign-currency debt and firms' financing constraints for India, the second-largest emerging market economy after China. Second, this study provides insights into how firms' financing constraints evolve prior to, during and after foreign currency borrowing. Third, it demonstrates the extent to which banks' ownership status and firms' characteristics influence the relationship between foreign currency borrowing and firms' financing constraints.

Design/methodology/approach

This study uses detailed balance sheet data for 2,512 nonfinancial listed firms in India for the 1996–2016 period to provide new evidence on the relationship between foreign currency borrowing and firms' financing constraints. This study uses a well-known measure of firms' financing constraints, the sensitivity of investment to internal cash flows (Fazzari et al., 1988, 2000; Hubbard, 1999; Love, 2003).

Findings

Financing constraints tend to be higher for firms with foreign currency debt exposure compared to other firms. Financing constraints are higher prior to new foreign currency borrowing (FCB), but decrease subsequently. Firms that have relationships with privately owned banks or foreign banks have higher financing constraints when undertaking new FCB than those with exclusive relationships with government-owned banks. Financing constraints for firms with FCB are higher during domestic credit booms than other periods. Nonmanufacturing firms and those with lower than median export revenues and higher than median tangible assets experience greater financing constraints compared to other firms when they undertake FCB.

Originality/value

The findings of this study suggest that although firms which borrow in foreign currencies are initially more financially constrained than other firms, the foreign currency borrowing reduces their financing constraints. The findings on how global and domestic macroeconomic conditions and firm-specific characteristics influence the relationship between financing constraints and foreign currency borrowing can provide directions for policy to better leverage the benefits of international financial integration.

Details

Managerial Finance, vol. 47 no. 2
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 9 December 2020

Yun-Fang Tu, Shao-Chen Chang and Gwo-Jen Hwang

The present study aims, by adopting bibliomining, to analyse the borrowing and collection records in self-service libraries at mass rapid transit stations in northern…

Abstract

Purpose

The present study aims, by adopting bibliomining, to analyse the borrowing and collection records in self-service libraries at mass rapid transit stations in northern Taiwan to discover reader borrowing preferences and patterns.

Design/methodology/approach

The current study used data mining to analyse two years of book-borrowing information from self-service library stations; it made use of an association rule mining model and the bibliomining process to identify readers’ preferred books and to explore reader borrowing behaviours. In addition, the librarians’ perceptions of the proposed approach were also investigated.

Findings

The findings indicated that readers often borrowed books in the bibliographical classifications of Home economics; Medical sciences; Psychology; Commerce: administration and management; and Education in the self-service library stations. Based on the bibliomining results, 23 reader borrowing patterns as well as potential books favoured by readers were uncovered. In addition, the challenges of bibliomining and data mining applied to library operations are reported.

Originality/value

Among the studies on the application of self-service technologies in libraries, most examined the integration of the self-service system and investigated users’ opinions. The present study used borrowing records and collection records in self-service library stations to conduct bibliomining and to explore reader borrowing preferences and behaviours as references for collection development and book recommendation services.

Details

The Electronic Library , vol. 39 no. 1
Type: Research Article
ISSN: 0264-0473

Keywords

Article
Publication date: 1 March 2005

Lynn Chmelir

To report and analyze transaction data over a four‐year period for patron‐initiated borrowing via the Cascade union catalog as well as transaction data for traditional ILL…

786

Abstract

Purpose

To report and analyze transaction data over a four‐year period for patron‐initiated borrowing via the Cascade union catalog as well as transaction data for traditional ILL in a consortium of six academic libraries in Washington State.

Design/methodology/approach

Transaction data for patron‐initiated borrowing via the Cascade union catalog were gathered from statistics produced by the Inn‐Reach software. Data for ILL were collected via a survey of libraries’ staff. Data for returnables and copies were analyzed at the consortium and institutional level.

Findings

In the third year of patron‐initiated borrowing, traditional ILL transactions for returnables had decreased 21 per cent consortium‐wide, the total number of transactions for returnables had increased 271.9 per cent, and the transactions for copies remained steady. Although the borrowing and lending patterns at the six libraries varied, each loaned and borrowed more returnables via patron‐initiated borrowing than via traditional ILL.

Research limitations/implications

This study describes activity at a single consortium of only six libraries. Since the Cascade libraries have now merged into a larger consortium, the Orbis Cascade Alliance, it would be interesting to collect and analyze new data from the larger group to see if patterns have changed.

Practical implications

The increased volume of returnables delivered to users in this consortium suggests that patron‐initiated borrowing is an effective method for resource sharing. Traditional ILL remains a necessary alternative for copies and books not available within the consortium.

Originality/value

This is the first study to examine consortium‐wide transaction data for both patron‐initiated borrowing and traditional interlibrary loan for a sustained period of time.

Details

Interlending & Document Supply, vol. 33 no. 1
Type: Research Article
ISSN: 0264-1615

Keywords

Article
Publication date: 11 January 2016

Jonas Söderholm

The purpose of this paper is to investigate tool lending library patrons’ perception of their tool borrowing, in order to explore the role of a public lending service in…

1446

Abstract

Purpose

The purpose of this paper is to investigate tool lending library patrons’ perception of their tool borrowing, in order to explore the role of a public lending service in the context of their lives. It addresses the research question, why do patrons borrow tools from the library?

Design/methodology/approach

A case study was conducted, consisting of semi-structured interviews with patrons of a tool lending library. Led by a phenomenographic approach, the interviews focused on participants’ recounted experiences. Transcripts were structured into major categories and underlying themes. Findings were discussed from a perspective taking departure in Wiegand’s notion of “the library in the life of the user,” and summarized with regards to sustainable community development.

Findings

Participants are found to talk about their tool borrowing from two main viewpoints. First, reasons for making the decision. This involves weighing practical considerations, e.g., cost, storage, access, and frequency of use. It also includes ideological motivations, and sympathy with the concept. Second, effects of their borrowing, interpreted as how it enables them. This enablement includes inspiration, learning, support to self-employment, and strengthening of community. Patrons focus on local aspects of social and economic development, rather than global or environmental motivations.

Research limitations/implications

A single and in part unique setting was studied. The findings provide foundation for a developed discussion on the societal role of public libraries providing “non-traditional” materials such as tools, with particular regards to community settings and sustainability.

Originality/value

Addresses knowledge gaps on borrowing and tool lending libraries.

Details

Journal of Documentation, vol. 72 no. 1
Type: Research Article
ISSN: 0022-0418

Keywords

Article
Publication date: 12 August 2014

Raju Majumdar

The purpose of this paper is to examine the financing practices of unlisted manufacturing firms in India. In particular, the authors seek to explore how unlisted firms…

Abstract

Purpose

The purpose of this paper is to examine the financing practices of unlisted manufacturing firms in India. In particular, the authors seek to explore how unlisted firms finance their growth and the extent to which they rely on external source of finance. Additionally, they explore whether the determinants of indebtedness that explain the borrowing behavior of listed Indian manufacturing firms are capable of explaining the financing decisions of unlisted firms as well.

Design/methodology/approach

This paper uses panel data technique to determine the factors determining indebtedness of unlisted private manufacturing firms in India.

Findings

Unlisted Indian manufacturing firms are largely dependent on bank borrowing for their growth, and access to finance is largely dependent on collateral capacity. The authors results show that the dominant firm factors affecting indebtedness of unlisted firms in India are asset tangibility, firm growth, size, profitability and firm age. Institutional and macroeconomic factors are also observed to be significant influencers of indebtedness.

Research limitations/implications

Unavailability of financial information for the required number of years has resulted in certain firms and sectors of the economy not being included in the sample, and has, hence, affected sample size and representation. Similar problems have limited the period of the study to only four years. The study does not include unlisted services sector firms in the sample, and, hence, its findings cannot be generalized in the context of unlisted firms in India.

Practical implications

There appears to be a strong case for both the policy-maker and financial economist to have a re-look at the financial constraints that unlisted firms face and redefine the role of the banks and financial institutions from being a passive provider of capital to that of a partner in ushering growth. Development of the financial intermediary sector in terms of its reach is expected to favorably influence growth of this sector.

Originality/value

This paper provides empirical evidence on the alternative sources of raising outside capital and the factors determining the capital structure of unlisted manufacturing firms in India.

Details

Management Research Review, vol. 37 no. 9
Type: Research Article
ISSN: 2040-8269

Keywords

Article
Publication date: 11 May 2015

Sulait Tumwine, Richard Akisimire, Nixon Kamukama and Gad Mutaremwa

– The purpose of this paper is to develop an effective cost borrowing model of qualitative factors that are relevant to micro and small enterprises (SMEs) better performance.

Abstract

Purpose

The purpose of this paper is to develop an effective cost borrowing model of qualitative factors that are relevant to micro and small enterprises (SMEs) better performance.

Design/methodology/approach

A valid research instrument was utilized to conduct a survey on 359 SMEs (131 retail businesses, 125 service businesses, 48 farming businesses and 55 other businesses) and 897 respondents that are representative of 397 SMEs and 1,087 respondents. Correlation and regression analysis were conducted to ascertain the validity of the hypotheses.

Findings

It was established that cost of borrowing elements (interest rate and loan processing costs) are associated with SME performance. Furthermore, cost of borrowing as a whole accounts for 31.1 percent of the variation in performance Uganda’s SMEs.

Research limitations/implications

Only a single research methodological approach was employed, future research through interviews could be undertaken to triangulate. Multiple respondents in SMEs (owner, manager and cashier) were studied neglecting others. Furthermore, the study used the cross-sectional approach – a longitudinal approach should be employed to study the trend over years. Finally, cost of borrowing was studied and by the virtual of the results, there are other factors that contribute to SME performance that were not part of this study.

Practical implications

There is need to intensify initiatives to encourage greater understanding and acceptance of cost of borrowing, select appropriate elements that includes interest rate and loan processing costs in order to have affordable source of financing to establish and grow SMEs, provide employment, competitive and contribute to countries GDP.

Originality/value

This is the first paper in Sub-Saharan Africa to test empirically the relationship between cost of borrowing and performance of SMEs in the Ugandan context.

Details

World Journal of Entrepreneurship, Management and Sustainable Development, vol. 11 no. 2
Type: Research Article
ISSN: 2042-5961

Keywords

1 – 10 of over 30000