Search results
1 – 10 of over 167000Deborah Kelly and Alfred Lewis
This article aims to examine the dynamic nature of the sources of funding for not‐for‐profit (NPs) organizations with particular reference to NPs in the human service sector NPs…
Abstract
Purpose
This article aims to examine the dynamic nature of the sources of funding for not‐for‐profit (NPs) organizations with particular reference to NPs in the human service sector NPs in the US.
Design/methodology/approach
The universe of NPs include government and so‐called third sector organizations which such as charities, healthcare organizations, educational institutions and disaster relief organizations. Specifically the authors examined the human service sector of NPs with the aim of analyzing the relationships between government subsidy and the level of commercial activities of NPs.
Findings
The expectation is that NPs with greater level of commercial of for‐profit type activities are better managed than NPs that are solely reliant on government subsidies.
Originality/value
This article examines the dynamic nature of the sources of funding for not‐for‐profit (NPs) organizations with particular reference to NPs in the human service sector NPs in the US.
Details
Keywords
The purpose of this paper is to look at adequacy or inadequacy of budgets for University of Malawi Libraries (UML) from financial years 2004 to 2009.
Abstract
Purpose
The purpose of this paper is to look at adequacy or inadequacy of budgets for University of Malawi Libraries (UML) from financial years 2004 to 2009.
Design/methodology/approach
A case study design was used to collect quantitative data. University budget estimate from 2003/2004 to 2009/2010 financial years were used.
Findings
The results of the study show that of five constituent colleges of the University of Malawi, four (80 per cent) of their college libraries are inadequately funded below 6 per cent. The average funding as a percentage of the total college funding for the five UML in the six‐year financial period from 2004 to 2010 are as follows: Bunda College Library 2.7 per cent; Chancellor College Library 3.72 per cent; College of Medicine Library 3.52 per cent; Kamuzu College of Nursing Library 6.27 per cent; and the Polytechnic Library 3.43 per cent. Only Kamuzu College of Nursing Library received a minimum average of 6 per cent of the total college funding.
Practical implications
The study recommends that college librarians should lobby for increased budgets for UML. College librarians should also consider income‐generating activities as a means to supplement funding through government subvention.
Originality/value
There is very little researched information on inadequacy or adequacy of budgeting and funding on UML. This research adds some information on UML budgeting and financing.
Details
Keywords
Egidio Palmieri and Greta Benedetta Ferilli
Innovation in financing processes, enabled by the advent of new technologies, has supported the development of alternative finance funding tools. In this context, the study…
Abstract
Purpose
Innovation in financing processes, enabled by the advent of new technologies, has supported the development of alternative finance funding tools. In this context, the study analyses the growing importance of alternative finance instruments (such as equity crowdfunding, peer-to-peer (P2P) lending, venture capital, and others) in addressing the small and medioum enterprises' (SMEs) financing needs beyond traditional bank and market-based funding channels. By providing more flexible terms and faster approval times, these instruments are gradually reshaping the traditional bank-firm relationship.
Design/methodology/approach
To comprehensively understand this innovation shift in funding processes, the study employs a novel approach that merges three MCDA methods: Spherical Fuzzy Entropy, ARAS and TOPSIS. These methodologies allow for handling ambiguity and subjectivity in financial decision-making processes, examining the effects of multiple criteria, including interest rate, flexibility, accessibility, support, riskiness, and approval time, on the appeal of various financial alternatives.
Findings
The study’s results have significant theoretical and practical implications, supporting SMEs in carefully evaluate financing alternatives and enables banks to better identify the main “competitors” according to the “financial need” of the firm. Moreover, the rise of alternative finance, notably P2P lending, indicates a shift towards more efficient capital access, suggesting banks must innovate their funding channels to remain competitive, especially in offering flexible solutions for restructuring and high-risk scenarios.
Practical implications
The study advises top management that SMEs prefer traditional loans for their reliability and accessibility, necessitating banks to enhance transparency, innovate, and adopt digital solutions to meet evolving financing needs and improve customer satisfaction.
Originality/value
The study introduces a novel integration of Spherical Fuzzy TOPSIS, Entropy, and ARAS methodologies to face the complexities of financial decision-making for SME financing, addressing ambiguity and multiple criteria like interest rates, flexibility, and riskiness. It emphasizes the importance of traditional loans, the rising significance of alternative financing such as P2P lending, and the necessity for banks to innovate, thereby enriching the literature on bank-firm relationships and SME funding strategies.
Details
Keywords
This paper aims to provide a more comprehensive look behind the China’s rapid ascent and influence across the African continent by exploring the Sino-African funding data at the…
Abstract
Purpose
This paper aims to provide a more comprehensive look behind the China’s rapid ascent and influence across the African continent by exploring the Sino-African funding data at the project level while incorporating recipient nations’ economic characteristics of interest such as trade data and natural resources endowment.
Design/methodology/approach
Combining AidData’s project reported data with country bilateral exports and imports data and other pertinent African countries’ data, the authors are able to perform a cross-sectional interrogation of China’s finding motives and their impact on the continent. The results indicate that the China’s funding to Africa mostly goes to energy and transportation sectors, as expected, and the recipient country’s exports to China increase as the funding increases. However, the authors find that the impact of China’s financing on the bilateral trade flow is unbalanced because the recipient country’s imports from China are not found to be significant.
Findings
Interestingly, although the analysis confirms that oil is a key contributing factor in attracting China’s funding, the authors discover that there exists no positive relationship between the China funding amount and the recipient country’s general natural resource level. The results do not support the common notion that China is primarily interested in extracting natural resource deposits, aside from oil, from the host nation when they allocate their funding.
Originality/value
Overall, the paper supports the theoretical propositions of the new structural economics framework when it comes to the relationship between China’s funding and the recipient country’s characteristics.
Details
Keywords
Nina Du Toit, Philip Steenkamp, Dewald van Niekerk and Andre Groenewald
Research indicates a significant risk of economic crime associated with post-disaster funding. The purpose of this paper is to assess the characteristics of post-disaster funding…
Abstract
Purpose
Research indicates a significant risk of economic crime associated with post-disaster funding. The purpose of this paper is to assess the characteristics of post-disaster funding that make it susceptible to the risk of economic crime and to analyse how the statutory and regulatory disaster risk management instruments of South Africa aim to manage post-disaster events.
Design/methodology/approach
This paper uses secondary sources such as, but not limited to, legislation, institutional reports, textbooks and peer-reviewed academic journal articles.
Findings
Post-disaster funding is inherently susceptible to economic crime due to characteristics identified such as time pressure; substantial inflow of money, goods and services; inadequate needs assessment, large-scale reconstruction and the involvement of contractors or suppliers; power imbalance; and the responsibility of governments. The Disaster Management Act and National Disaster Management Framework provide an extensive regulatory framework for mitigating post-disaster funding risks by attempting to find a balance between quick aid distribution and financial controls. This paper finds that even though South Africa is known to have some of the best disaster risk management laws, the pervasive nature of the characteristics could still render post-disaster funding structures susceptible to the risk of economic crime.
Originality/value
There is limited scientific research on this topic. The expected prevalence of future disasters requires the regulatory and legislative disaster risk management instruments to evolve concomitantly. Research on this topic must continue to ensure that risks associated with post-disaster funding and its susceptibility to economic crime can be mitigated as far as possible.
Details
Keywords
Crowd funding is a method to raise funds for a specific cause or project by asking a large number of people to donate money, usually in small amounts, and usually during a…
Abstract
Purpose
Crowd funding is a method to raise funds for a specific cause or project by asking a large number of people to donate money, usually in small amounts, and usually during a relatively short period, such as a few months. This paper aims to explore the global as well as Indian crowd funding platforms and literature as well to find out the success stories of crowd funding.
Design/methodology/approach
General literature was reviewed. Various crowd funding platforms were scanned, especially Indian, to find the successful crowd funding stories.
Findings
It was found that plenty of crowd funding initiatives have been taken in India, especially to build libraries, to decorate libraries, for collection development, to provide services, etc. Nongovernmental organizations/trusts are the ones who are undertaking these initiatives. There is a need to create awareness of such activities by experienced library professionals/nonprofessionals who have done crowd funding and for them to share their experiences and practices of crowd funding among other professionals, so that others can also explore such methods.
Originality/value
This paper promptly presents the Indian crowd funding initiatives and the success stories.
Details
Keywords
Tugrul Daim, Mitali Monalisa, Pranabesh Dash and Neil Brown
In this paper, an analysis is presented of the research funding towards nanotechnology at the National Nanotechnology Initiative (NNI) and its relationship to the research output…
Abstract
Purpose
In this paper, an analysis is presented of the research funding towards nanotechnology at the National Nanotechnology Initiative (NNI) and its relationship to the research output in Nanoscope, an application area of nanotechnology.
Design/methodology/approach
The paper analyzes the data collected from 1997 till 2006 and derives a definitive time lag between the allocation of research funds and issued patents and published journals. This assessment is achieved by identifying growth trends in patents, funds and publications and doing a curve‐fit analysis using the Fisher‐Pry model. Linear regression analysis is used to show the correlation between the funding and research outputs. Alongside, non‐linear programming objective function optimization technique is used to derive the time lag in years for each of the research outputs from the year of funds granted.
Findings
This paper demonstrated that there is a strong correlation between research funding and different research outputs. The time lag between funding and patents issued is evident from the patent trend analysis and Bibliometric analysis. In the case of Nanoscope, the patent time lag was found to be approximately five to six years, for journal article it was approximately two to three years and conference presentations happened right after the funding. The research outputs showed similar trends and were found to be interdependent as evident from our mathematical analysis.
Research limitations/implications
While this study has shown that lag times exist within the chosen example of Nanoscope, and furthermore can be calculated to a precise degree, further data points in terms of additional emerging technologies would support the hypothesis in a more general term. A future study can look at developing technology roadmaps of the future based on the funding happening today.
Originality/value
The work takes bibliometric analysis to a further intelligence and establishes key linkages between these indicators.
Details
Keywords
To address the issue of poor government funding for Nigerian libraries. This situation has led many librarians over the years to explore the possibility of raising additional…
Abstract
Purpose
To address the issue of poor government funding for Nigerian libraries. This situation has led many librarians over the years to explore the possibility of raising additional funds from alternative sources of income.
Design/methodology/approach
Explores the current levels of funding for Nigerian academic libraries and identifies some alternative funding sources. On identifying these sources, the success of alternative sources of income is presented and suggestions are made for funding in the future.
Findings
Funding for libraries and information centers in Nigeria is largely through government allocations to the overseeing ministries or institutions. Government funding has been poor, requiring libraries to look for alternative sources of income in order to meet the increasingly sophisticated demand of library users for electronic information services. Several methods for generating income have been identified, explored by many libraries, and discussed in library literature, but have yielded little in the way of additional funding.
Originality/value
On evaluating all the sources of income available to Nigerian academic libraries, this paper suggests that the most stable and reliable source of funds remains with allocations from the federal government. As the support from the government has not been adequate, suggestions are included on areas where the government could raise taxes to support education in general, and libraries specifically, within Nigeria.
Details
Keywords
Mee Ling Ng of Outset Consultancy Service (OCS) offers some thoughts and tips on where to find funding. A life in the day will have a regular section on funding issues and would…
Abstract
Mee Ling Ng of Outset Consultancy Service (OCS) offers some thoughts and tips on where to find funding. A life in the day will have a regular section on funding issues and would like to hear from readers who would like to share their funding and fundraising experiences.Since the publication of Working it Out (Pozner et al, 1996) which addressed the resource needs of project development, the funding landscape has changed. New funding opportunities are available, in addition to those mentioned in the funding chapter. This article sets out the resource issues which practitioners need to be aware of and address. It also summarises the key sources of funding for project development and delivery of educational, training and employment opportunities for people with mental health problems.
Increasingly, countries around the world are reforming their traditional ‘special educational needs’ funding models, many of which contradict the overarching principles of…
Abstract
Increasingly, countries around the world are reforming their traditional ‘special educational needs’ funding models, many of which contradict the overarching principles of inclusive education as set out in the United Nations Convention on the Rights of Persons with a Disability (UNCRPD). There is growing awareness across countries that the way education systems are financed directly shapes the extent to which schools can be inclusive. Spiralling costs have also influenced governments who have begun calling for ‘cost control’ and greater transparency and accountability in how resources are distributed and monies are spent. In Ireland, calls for a more equitable resource model for students with disabilities in mainstream education resulted in the introduction of a new system of funding which removed the need for diagnosis to receive supports. However, since ratification of the UNCRPD in 2018, Ireland's system of special education is being considered for full reform with the possibility of moving to a system of inclusive education and the removal of special schools and classes. This raises the question: can two separate funding streams, one for general education and one for special education ever exist in an inclusive system? Having one funding model for all students, although the logical choice, is the source of much concern among parents and disability advocates, many of whom fear it will lead to children with disabilities ‘falling through the cracks’ and used by government as a mechanism to reduce spending overall.
Details