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1 – 10 of over 4000Hauwah K.K. Abdulkareem, Sodiq Olaiwola Jimoh and Olatunji M. Shasi
This study examines the roles of poverty reduction and social inclusion as socioeconomic factors in achieving sustainable development (SD) in Nigeria from 1970 to 2019.
Abstract
Purpose
This study examines the roles of poverty reduction and social inclusion as socioeconomic factors in achieving sustainable development (SD) in Nigeria from 1970 to 2019.
Design/methodology/approach
Vector error correction model (VECM) is adopted as the analytical technique. Three groups of factors are employed when determining SD: economic (per capital gross domestic product [GDP] and the inflow of foreign direct investment [FDI]), social (life expectancy, school enrollment, poverty and the proportion of women in parliament) and environmental (CO2 emission and natural resource endowment).
Findings
The findings reveal that the economic factors (GDP per capita and the inflow of FDI to the GDP ratio) and two of the social determinants (life expectancy and school enrollment) have a positive effect on SD while the remaining two social determinants (poverty gap and the proportion of women in parliament) and the environmental determinants (CO2 emission and natural resource endowment) have a negative influence on SD in Nigeria during the period under study.
Originality/value
First, this study integrates social inclusion into the poverty–SD nexus in the same study framework for a thorough analysis given that social inclusion has been identified as one of the leading variables affecting sustainability. Second, this study fills a gap in the literature by accounting for economic, social and environmental factors that influence SD, as opposed to the majority of existing studies that only employed environmental variables when examining the relationship between poverty and sustainability.
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Mohammad Mahbubi Ali, Abrista Devi, Hafas Furqani and Hamzah Hamzah
This study aims to uncover the determinants of Islamic financial inclusion in Indonesia.
Abstract
Purpose
This study aims to uncover the determinants of Islamic financial inclusion in Indonesia.
Design/methodology/approach
This study uses the analytic network process (ANP) to gather expert opinions and responses from academics, regulators and practitioners.
Findings
The ANP analysis discovered that the level of Islamic financial inclusion in Indonesia is influenced by two main drivers: the supply and the demand. The demand factors for Islamic financial inclusion, ranked based on their level of significance, are as follows: financial literacy (0.27), religious commitment (0.22), socioeconomic factor (0.19) and social influence (0.17), respectively. From the supply side, primary catalysts for Islamic financial inclusion based on their level of importance are human capital (0.32), product and services (0.24), infrastructure (0.18) and policies and regulation (0.17), respectively.
Research limitations/implications
The present study does not include the Islamic insurance sector in its determinant framework of Islamic financial inclusion in Indonesia.
Practical implications
This study serves as a reference for regulators in formulating appropriate policy strategies to strengthen the Islamic financial inclusion in Indonesia.
Originality/value
This study is a pioneer attempt to identify distinctive factors that influence the level of Islamic financial inclusion in Indonesia by analyzing expert opinions from diverse groups of Islamic finance stakeholders.
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Erika K. Gubrium, Bettina Leibetseder, Danielle Dierckx and Peter Raeymaeckers
The purpose of this paper is to compare the impact of two social investment strategies (labour activation and governance coordination) targeted to social assistance clients within…
Abstract
Purpose
The purpose of this paper is to compare the impact of two social investment strategies (labour activation and governance coordination) targeted to social assistance clients within three different welfare-system coordination cases, with focus on social and economic inclusion.
Design/methodology/approach
The authors focus on the impact of reform at micro (individually experienced impact), meso (impact across settings) and macro (socio-structural impact) levels.
Findings
While social investment reform has given some clients new opportunities, in no study case were clients fully able to use the incentive-driven strategies. Reforms have led to a “Matthew effect”: the better resourced reap the largest benefit from new services on offer while the less resourced have their marginal socioeconomic position reinforced. Clients may internalise their relative activation success. Intimate connections between macro- and micro-impacts may have heightened the sense of social and economic exclusion, stigma and shame experienced by those who are most vulnerable.
Social implications
Social investment reform (labour activation) may not be a model that reduces social and economic exclusion and it may, instead, reify socioeconomic marginalisation, enhancing sense of stigma and shame and reducing self-efficacy.
Originality/value
Scholars have assessed social investment according to its economic performance, but there has been a lack of research considering impact of reform on socioeconomic inclusion.
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Prabhakar Nandru, Madhavaiah Chendragiri and Arulmurugan Velayutham
The study attempts to explore the determinants of financial inclusion. Subsequently, it examines the effect of financial inclusion on financial well-being of marginalized street…
Abstract
Purpose
The study attempts to explore the determinants of financial inclusion. Subsequently, it examines the effect of financial inclusion on financial well-being of marginalized street vendors in India.
Design/methodology/approach
The demand-side analysis of measuring financial inclusion with a sample of 371 marginalized street vendors is adopted. Both exploratory and descriptive research designs are employed in this study. The primary data collection is done by administering the structured interview schedule by using a convenience sampling technique. Confirmatory factor analysis (CFA) and structural equation modeling (SEM) are performed to describe the latent constructs and their hypothetical relationships with adequate empirical evidence.
Findings
Out of five dimensions of financial inclusion considered for the study, accessibility, availability, usage and affordability are found to be significant determinants of financial inclusion; however, the financial literacy dimension is found statistically insignificant. Further, the study results confirm that financial inclusion contributes substantially to the well-being of marginalized street vendors.
Research limitations/implications
The outcome of the study will facilitate all the stakeholders including policymakers and financial institutions to enact policy guidelines to ensure financial well-being of the marginalized street vendors through financial inclusion initiatives.
Originality/value
Financial well-being through financial inclusion is possible even without the effect of financial literacy from the unorganized sector perspective specifically marglianized street vendors. Thus, it adds new dimension to the existing literature on demand side analysis of measuring financial inclusion.
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Ana Elisa A. Iglesias and Vladislav Maksimov
Nearly 200 Business Roundtable CEOs have recently pledged to run their companies for the long-term benefit of all of their stakeholders, including the communities where they…
Abstract
Purpose
Nearly 200 Business Roundtable CEOs have recently pledged to run their companies for the long-term benefit of all of their stakeholders, including the communities where they operate. This article explores the central role of dynamic managerial capabilities in allowing organizations to fulfill their social mission, which involves fostering socioeconomic inclusion of disenfranchised members of society.
Design/methodology/approach
We draw on research in management, international business, and entrepreneurship to articulate why organizations need dynamic managerial capabilities to reconfigure organizational resources and practices for the pursuit of a social mission.
Findings
This article brings out how each dimension of dynamic managerial capabilities – human capital, social capital, and cognition may influence this pursuit. It also provides suggestions on how to develop these capabilities.
Originality/value
We contend that organizations need dynamic managerial capabilities to address the complex and dynamic interactions between the organizations and structural forces in the society perpetuating exclusion. Such capabilities are not built in but can be developed.
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Paulo Nobre, Enio Bueno Pereira, Francinete Francis Lacerda, Marcel Bursztyn, Eduardo Amaral Haddad and Debora Ley
This study aims to exploit the abundance of solar energy resources for socioeconomic development in the semi -arid Northeastern Brazil as a potent adaptation tool to global…
Abstract
Purpose
This study aims to exploit the abundance of solar energy resources for socioeconomic development in the semi -arid Northeastern Brazil as a potent adaptation tool to global climate change. It points out a set of conjuncture factors that allow us to foresee a new paradigm of sustainable development for the region by transforming the sun’s radiant energy into electricity through distributed photovoltaic generation. The new paradigm, as presented in this essay, has the transformative potential to free the region from past regional development dogma, which was dependent on the scarce water resource, and the marginal and predatory use of its Caatinga Biome.
Design/methodology/approach
The research uses a pre ante design, following the procedures of scenario building, as an adaptation mechanism to climate change in the sector of energy generation and socioeconomic inclusion.
Findings
The scenarios of socioeconomic resilience to climate change based on the abundance of solar radiation, rather than the scarcity of water, demonstrates its potential as a global adaptation paradigm to climate change.
Research limitations/implications
The developments proposed are dependent on federal legislation changes, allowing the small producer to be remunerated by the energy produced.
Practical implications
The proposed smart grid photovoltaic generation program increases the country's resiliency to the effect of droughts and climate change.
Social implications
As proposed, the program allows for the reversion of a pattern of long term poverty in semi-arid Northeast Brazil.
Originality/value
The exploitation of the characteristics of abundance of the semiarid climate, i.e. its very condition of semi-aridity with abundant solar radiation, is itself an advantage factor toward adaption to unforeseen drought events. Extensive previous research has focused on weighting and monitoring drought i.e. the paradigm of scarcity. The interplay between exploiting Northeast Brazil’s abundant factors and climate change adaptation, especially at the small farmer levels constitutes a discovery never before contemplated.
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Raul Gomez-Martinez and María Luisa Medrano-Garcia
Corporate diversity encompasses the different talents, knowledge, cultures, experiences and values of its employees. This diversity is reflected in multiple characteristics, such…
Abstract
Purpose
Corporate diversity encompasses the different talents, knowledge, cultures, experiences and values of its employees. This diversity is reflected in multiple characteristics, such as race, age, gender, social class, religion, sexual orientation, ethnicity, culture and disability. The objective of this study is to identify if diversity is a value driver.
Design/methodology/approach
We take the diversity score from the Diversity Leaders Index 2023 published by Financial Times (FT) and Statista; this will be our independent variable in linear regression models whose objective variables are relevant fundamental indicators of the Euro Stoxx 50 companies. It is, therefore, a cross-sectional sample with financial data taken as of the current date. We have 37 Euro Stoxx 50 components included in the diversity ranking.
Findings
The results indicate that diversity is not a value driver for trading volume, for its revenue, or for systematic risk measured by the beta parameter. However, it is observed, in a confidence interval of 90%, that the most diverse companies are larger (according to their market capitalization). In addition, the most diverse companies are more profitable [return on assets (ROA)] and valued by the market [price to earnings ratio (PER)] in a confidence interval of 95%.
Originality/value
These results indicate that companies should promote corporate diversity as a management strategy, as it is observed that more diverse companies are more profitable and valued by the market. This study provides a quantitative vision in the context of homogeneous companies such as the Euro Stoxx 50 Index on the aspects in which diversity is a value driver.
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Shailesh Rastogi and Ragabiruntha E.
The purpose of this paper is to identify factors relevant for financial inclusion (FI) and establish a model that shows how these factors lead to economic development (ED) through…
Abstract
Purpose
The purpose of this paper is to identify factors relevant for financial inclusion (FI) and establish a model that shows how these factors lead to economic development (ED) through FI.
Design/methodology/approach
Primary data were collected through structured questionnaire. Out of 350, 311 respondents accurately filled the questionnaire. The data were collected from rural areas of Tamil Nadu. Exploratory factor analysis has been applied to evaluate drivers/factors relevant for FI. Confirmatory factor analysis has been applied to establish reliability and validity of the identified factors. A structural model has been proposed and empirically tested for ED through FI.
Findings
The main findings of the current paper are as follows: online banking (OB), understanding banking services (UBS) and financial literacy (FL) are the drivers of FI; FI can lead to ED, as the proposed model of ED, through FI, is supported in the paper (χ2/degree of freedom and CMIN/degree of freedom are less than 3; GFI and AGFI are more than 0.90 and 0.85, respectively). Behavior of the people, with respect to mode of financial transactions, has changed due to demonetization. (The χ2 test for mode of financial transaction is significant).
Research limitations/implications
The geographical reach of the sample should cover the whole India. The sample should also have equal representation from rural and urban areas.
Practical implications
The identified factors for FI (OB, UBS and FL) should be more focused to bring about better results for FI in India. These factors can lead to a more effective execution of FI initiatives. In addition to this, policy makers can be confident of relying upon FI as a tool for ED.
Originality/value
The identified three drivers for FI have not been explored earlier. In addition to this, ED (through FI) in the form of structural model has also not been tested earlier. Government of India can realign their policies toward FI by using findings of this paper. In addition to increasing the access of formal financial system to masses, more thrust can be given to OB and FL for better results of FI in India.
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Omar Javaid, Aamir Feroz Shamsi and Irfan Hyder
There are many entrepreneurial communities in the Asian subcontinent, which are known for their economic resilience and religious orientation but have received limited attention…
Abstract
Purpose
There are many entrepreneurial communities in the Asian subcontinent, which are known for their economic resilience and religious orientation but have received limited attention in extant literature. These communities include Memon, Delhiwala, Chinioti, Ismaili and Bohri, which have been persistent in keeping their members economically stable, as many centuries, while also retaining their religio-sociocultural identity. This paper aims to add to the body of literature by documenting the possible factors, which contribute toward advancing socio-economic justice for the members of respective communities.
Design/methodology/approach
This study uses Eisenhardth research strategy within a social constructivist paradigm to process data from in-depth interviews, memos and documentary sources to explore the internal dynamics of three most prominent of these communities (Memon, Delhiwala and Chinioti) in Pakistan.
Findings
The findings reveal that the secret to their resilience is, perhaps, rooted in their religio-sociocultural communal norms, which may not just ensure effective wealth redistribution among the deserving segments of the society but may also enable its deserving members to achieve self-reliance through community-supported–entrepreneurial–activity. This study proposes that a culture of community-based–family–entrepreneurship coupled with the spirit of cooperation, sacrifice and reciprocity may eliminate the possibility of socioeconomic injustice.
Social implications
The religious entrepreneurial communities may be seen as an alternate to free-market or state-driven methods to impart socioeconomic justice where needed. The voluntary inclination of entrepreneurs in such communities to facilitate those in need may, perhaps, reduce or even eliminate the need to involve state intervention to redistribute wealth through taxation, which may also eliminate the cost of the state bureaucracy, which is used for the collection and redistribution of taxes.
Originality/value
The findings add to the body of literature which could help similar communities to improve their socioeconomic stability in a just manner for all its members. Policymakers can also take notice of the religio-sociocultural norms at the source of socioeconomic justice within the respective communities to formulate policies conducive to sustaining such norms where necessary.
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Financial inclusion washing has not been considered to be a crime although it should be. This paper aims to present a discussion about financial inclusion washing. It was argued…
Abstract
Purpose
Financial inclusion washing has not been considered to be a crime although it should be. This paper aims to present a discussion about financial inclusion washing. It was argued that financial inclusion washing is the deliberate or unintentional use of exaggerated claims or misleading claims to describe an entity’s commitment to increase the level of financial inclusion.
Design/methodology/approach
This paper used the conceptual discourse analysis methodology.
Findings
This paper showed that many entities are at risk of practicing financial inclusion washing such as international development organizations, aid organizations, government agencies, central banks, financial institutions, financial inclusion support groups and associations, among others. This paper also highlighted the manifestations, motivations and consequences of financial inclusion washing. This paper also identified ways through which entities can avoid financial inclusion washing.
Originality/value
The literature has not examined how exaggerated claims about financial inclusion efforts mislead people.
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